Tuesday, September 2, 2008

Missed the AUD gdp news(i was tired so napped to get ready for London), though looking at it I would likely have only been able to take 50% of my size at 15pips and the other 50% breakeven in either the AUD/USD or AUD/JPY.

Check this CHF(swissy out)...




Check oil and usd inverse relationship.

Another one I missed but I am studying for the future. Happened right at 6:00pm.

Breakout of EUR.

Chill mat

I picked the Targus Chill mat and Stand up yesterday for $60 at BESTBUY(eeek when i have seen regular chill mats for $20). For a long time I was averse to buying a chill mat, now prices on these things have seem to gone up. I finaly dug deep and bought one and it is amazing. My computer is usually steaming hot with in an hour of having been on, even with a book or similar to prop it up to allow faster cooling. In general I have my laptops running 6-20hours a day. I give this thing a thumbs up and am going to buy another chill mat for my other laptop.

ISM bad news is good news for me


Took this news spike. On 1min. Entry 02, exitted some at 33/34/35/29. Reloaded at 30, it then proceeded past the 21ma on the 1hr but failed to follow thru and came back down.
+30pips give or take

Monday, September 1, 2008

Watched the AUD/JPY news trade set up, the chart looked like it could move better than the AUD/USD. Here's how I drew it up.

EEk another GOOBER.

Ended up near break even(+2) at the beginning of a 80 pip move.
Entered at the 1hr 21ma, using price action, my exit was actually on a better entry if I had looked at the 1min stoch rolling down with the 5/8ma cross.
In retrospect, I played it too tight, since i entered at the 95 I could have used the round number as a better stop instead of break even.

Short @ 1.495
covered @ 1.493
+2







Sunday, August 31, 2008

7performance questions(weekly)

7 Performance Questions-
1. What will i improve on this week?
Trade very technically.

2. What was i most proud of this week?
Multiple paper traes on the GBP/JPY, namely the triangle breakdown. Multiple 30pip trades planned(but not taken due to work...these next two weeks i am off work so will delve fully into trading).

3. What was my biggest accomplishment this week?
My GBP/JPY triangle breakout trade.

4. What have i done to get closer to my life goal this week?
More experience with documentation. Lots of visualization.

5. What was hard for me this week and why?
Confluence of work, my kid and trading conflicted, i saw multiple entries setting up, but was not allowed to capitalize in part due to being able to manage a trade.

6. What was my biggest waste of time this week?
Can't say anything.

7.What did i do this week that made me ashamed?
I had a trade i that i did a number of things wrong on. Partly because i missed most of the week due to class and work, the entry was jumped, the exit with loss was drawn out.

Thursday, August 28, 2008

Hurricane and time of week/month on top of the big move are my reasonings for my thoughts on the U$D giving some back today/monday. We shall see.