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...


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

-31 gy

be ay

Wednesday, December 3, 2008

correction +3.5% actually
ey trade-
couple things late on both entry and exit due to working bid sheet. i need to anticipate price on both sides.

+12 double top in ym
-3(bah attempting to adjust bid sheet and it went neg)

another + .5%

total 2.5% for the day
+2% for today
+69
+5 (be)

+1
-5 at one point this trade was 41 pips in profit, i was trying to anticipate the exit, but was tooslow. i should have got out half.


Bernake says he is buying up 100 m in bonds....long bonds.
fucking insider trading right there

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.