gbp/usd long
-39pips
-4.3%
couple things, i thought i had a tto stop on but it must've have been set to buy more lots, but also i inputted the order on my laptop with no mouse, so i decided to change my order sheet to another cpu, so i dl it and pull it up...i'm watching price and it explodes through my stop putting me in double my size and i am like wtf so have to manually input my exit and get filled 13pips past my intial stop at double the size. wtf. my stop would have got me out at -2.2%...
Wednesday, December 17, 2008
Wednesday, December 10, 2008
oil inventories trade- my favorite news trade...every wed same bat channel, same bat place.
huge surplus
aw i should have used a bigger size, stop was a mere 8-10pips off. Was plus 35 at the largest part of the move.
i need to work more on exits.
+15
+4
a big .0083%
what ever profit is profit. my daily minimum is 15pips a day...so 34(from London) and 15 from New York.
huge surplus
aw i should have used a bigger size, stop was a mere 8-10pips off. Was plus 35 at the largest part of the move.
i need to work more on exits.
+15
+4
a big .0083%
what ever profit is profit. my daily minimum is 15pips a day...so 34(from London) and 15 from New York.
Tuesday, December 9, 2008
Refined Plan-
look for the
macd cross on 4 and 2 hr
trade them on the 15min
waiting for 1min stochs...
of course intermarket analysis
I will also fib the 4hrs charts with an alram at the fib points 50-61.8- per 'Darko'
I will also still take the 2min jpy trades...
all of of the charts will be trapped for price
look for the
macd cross on 4 and 2 hr
trade them on the 15min
waiting for 1min stochs...
of course intermarket analysis
I will also fib the 4hrs charts with an alram at the fib points 50-61.8- per 'Darko'
I will also still take the 2min jpy trades...
all of of the charts will be trapped for price
Monday, December 8, 2008
Sunday, December 7, 2008

My focus is now developing solid trade plans.
gbp/usd
long
entry 148.14
exit 1 149.40 = +126 pips
exit 2 149.58 = +144 pips
= +10.28%
this seems like the move for the london session and good potential to follow thru, my exit for my second half was bad, i should have not kept as tight a stop while anticipating a better exit...especially looking at the 1min candles at the 150.00 area...at this poiont is it at 150.50 up 100 more pips from my stop...
Friday, December 5, 2008
nfp live
e/u
-36
-46
i got whipped. wrong pair. The dow made a great trade. didn't do it since this is a forex account. Hmm...
then too much leverage for the sl used. lesson learned. news trades are hit or miss.
-14.4% bah.
first i should have checked for better mkt coorelation.
i adhered to my stops, but they were too wide and a good news trade works immediately.
i used bad leverge for nfp.
well up 60% or so for the week at the most, then gave back too much
bah... -14 or so today, it should have been -10% at most since it was 2 trades with 5% risk at most.
4% extra is a lot.
weeks total up
30.9%
so...
1. What will I improve on this week?
Identifying the weakest to the strongest so I can catch the trend of the day...if there is a trade.
The second goal for the week is to work on my trade plans ahead of time. I will plan 3 trades and ahead of time per day, executing them if I am in position. Never deviating from the plan.
2.What was I proud of this week?
Catching a nice gbp/jpy trend move after I had set a trap for it.
3. What was my biggest accomplishment?
Same trades as above.
4. What have I done to get closer to my life goal this week?
5. What was hard for me this week?
time, sleep, waking up. New station, so sleep is a commodity.
6. What was my biggest waste of time this week?
Sitting in front of the cpu, without ritting down and setting up trade plans or specifically id no trades.
7. What did i do to make me ashamed this week?
NFP ... i was the sucker.
first didn't identify the right pair,
second i didn't set a good trade plan up including s/r
third i chased both sides of price...
fourth i used too much leverage, i should have used a smaller amount for nfp...
i'll reread this again throughout the week.
e/u
-36
-46
i got whipped. wrong pair. The dow made a great trade. didn't do it since this is a forex account. Hmm...
then too much leverage for the sl used. lesson learned. news trades are hit or miss.
-14.4% bah.
first i should have checked for better mkt coorelation.
i adhered to my stops, but they were too wide and a good news trade works immediately.
i used bad leverge for nfp.
well up 60% or so for the week at the most, then gave back too much
bah... -14 or so today, it should have been -10% at most since it was 2 trades with 5% risk at most.
4% extra is a lot.
weeks total up
30.9%
so...
this weeks 7 Performance questions
1. What will I improve on this week?
Identifying the weakest to the strongest so I can catch the trend of the day...if there is a trade.
The second goal for the week is to work on my trade plans ahead of time. I will plan 3 trades and ahead of time per day, executing them if I am in position. Never deviating from the plan.
2.What was I proud of this week?
Catching a nice gbp/jpy trend move after I had set a trap for it.
3. What was my biggest accomplishment?
Same trades as above.
4. What have I done to get closer to my life goal this week?
5. What was hard for me this week?
time, sleep, waking up. New station, so sleep is a commodity.
6. What was my biggest waste of time this week?
Sitting in front of the cpu, without ritting down and setting up trade plans or specifically id no trades.
7. What did i do to make me ashamed this week?
NFP ... i was the sucker.
first didn't identify the right pair,
second i didn't set a good trade plan up including s/r
third i chased both sides of price...
fourth i used too much leverage, i should have used a smaller amount for nfp...
i'll reread this again throughout the week.
Thursday, December 4, 2008
Wednesday, December 3, 2008
Monday, December 1, 2008

-8
bah got in too early on a short...
i was looking to short beast, it was coming on 21ma in 15min chart, but the es and ym were a bit off their 21 so i took the trade when beast hit its 21ma, it moved against me as the es and ym contiued to head torwards their 21, on hitting their 21...beast hit 50% of last swing...price reversed torwards my way and began making a profit. I exitted -8, the trade at this point has gone 100pips from the last swing, i was in the middle so bad entry on my part.
Subscribe to:
Comments (Atom)