well, so much for my predictions lol, they were all based on 1.7800 holding - it did so for a good while but then bucketed down.
Also had fn last week watching the dissent in the Lucy's calls room. some bozo called yoyo started making calls that were dodgy to say the least, anyway it seems that lucy decided the experment was over so this yoyo bozo poached everyone to a new room.
was very funny at the time but the muppets have flocked to this guy anyway, i guess as i always say, in the land of the blind the one eyed man is king.
it was even funnier on Friday - the guy was actually 50 odd pips down and miraculously got into the long just before the news. (that was lucky) then on the next news he called a short - that was a good call i think without luck. so he was in the long and in the short. Funny thing was he still ended up negative on the day!
the really funny thing is that the muppets were lapping it up - "you're the best trader i've ever seen' was some lunatic's comments lol.
Anyway, a new week beckons us and i can honstly say i will be soooo glad to see the back of January. Its got to be the worst month we have ever had on grail and we are hoping that it might pull some back by the 1st feb otherwise the record will look a little dire. time will tell i guess.
Good trading all - here we go, another crappy NFP week!
Monday, January 30, 2006
Tuesday, January 24, 2006
cable analysis
Hi, thought i would give you some of my insights to the market as we stand today.
cable only of course as usual :)
Lets start with the big picture and work our way down
Firstly the monthly chart. There is no doubt in my mind that the monthly view is on its way up before a fall to come later in the year. Initial resistance points to 1.8086 where we may see a difficult day once reached . I think that she will however break this area and go to highs of approx 1.85 / 86 ish before a fall to new lows (yes below 1.70)
The weekly chart supports this initial up move but first we may see some downside starting next week or the week after. This downside should be curtailed at the 1.76 area give or take 100 pips before moving up again to play with that monthly area of 1.85 / 86
Looking at the daily tells me that the 200sma has been broken but as yet remains untested - this may indicate the stopping area of the weekly chart once it begins it's decline. we dont yet know where that area will be until the fall comes.
The 4 hour chart does seem to be over extended, however on saying that trendlines have been broken and have also been tested once. she is getting ready to resume the upmove but the next few bars (4 or 5) may show a confused market as the 4 hour consolidates. If i had to make a prediction it would be that she will not fall below 1.78 for a while now.
the one hour chart as i speak shows the possibility of a retest of the 1.78 level in the cards but as stated before i dont think it will be broken - worth a punt long if she tickles there.
Of course this could all be bollocks and as usual please trade what you see.
all the best :)
cable only of course as usual :)
Lets start with the big picture and work our way down
Firstly the monthly chart. There is no doubt in my mind that the monthly view is on its way up before a fall to come later in the year. Initial resistance points to 1.8086 where we may see a difficult day once reached . I think that she will however break this area and go to highs of approx 1.85 / 86 ish before a fall to new lows (yes below 1.70)
The weekly chart supports this initial up move but first we may see some downside starting next week or the week after. This downside should be curtailed at the 1.76 area give or take 100 pips before moving up again to play with that monthly area of 1.85 / 86
Looking at the daily tells me that the 200sma has been broken but as yet remains untested - this may indicate the stopping area of the weekly chart once it begins it's decline. we dont yet know where that area will be until the fall comes.
The 4 hour chart does seem to be over extended, however on saying that trendlines have been broken and have also been tested once. she is getting ready to resume the upmove but the next few bars (4 or 5) may show a confused market as the 4 hour consolidates. If i had to make a prediction it would be that she will not fall below 1.78 for a while now.
the one hour chart as i speak shows the possibility of a retest of the 1.78 level in the cards but as stated before i dont think it will be broken - worth a punt long if she tickles there.
Of course this could all be bollocks and as usual please trade what you see.
all the best :)
Saturday, January 21, 2006
weekend
sorry foks, just didnt have chance to update the blog this week.
Thought you'd like to know i found a rather strange thing this week - a room in paltalk is making calls from a robot - really weird thing is that the trades seems to be spot on.
Unlike myself this isnt trend trading but countertrend, the levels the robot takes trades are often spot on to the pip.
its called lucys forex room if you want to check it out, and appearently she has no intention of charging for it in the future and just calls it an 'experiment' so i guess you shouldnt be suprised if she just ditches it one day out f the blue - interesting all the same.
another site i came across was this one from turtle trader http://turtletrader.com
sme very good info there and enough to keep your reading eyes happy for a day or so over the weekend.
hope you all had a good trading week :)
Thought you'd like to know i found a rather strange thing this week - a room in paltalk is making calls from a robot - really weird thing is that the trades seems to be spot on.
Unlike myself this isnt trend trading but countertrend, the levels the robot takes trades are often spot on to the pip.
its called lucys forex room if you want to check it out, and appearently she has no intention of charging for it in the future and just calls it an 'experiment' so i guess you shouldnt be suprised if she just ditches it one day out f the blue - interesting all the same.
another site i came across was this one from turtle trader http://turtletrader.com
sme very good info there and enough to keep your reading eyes happy for a day or so over the weekend.
hope you all had a good trading week :)
Tuesday, January 17, 2006
Sorry folks - just have not had time to update the blog this afternoon what with one thing and another.
here are trades i have taken - gonna call it a day for the blog now - total is 35 pips
Tue Jan 17 06:13:31 2006, 88656810, , SellMarket, GBP/USD, 200000, 1.76140,
Tue Jan 17 06:18:55 2006, 88658980, 88656810, CloseTradeS, GBP/USD, 200000, 1.76090,
Tue Jan 17 06:42:52 2006, 88666257, , BuyMarket, GBP/USD, 200000, 1.75980,
Tue Jan 17 06:53:51 2006, 88669237, 88666257, CloseTradeB, GBP/USD, 200000, 1.76020,
Tue Jan 17 07:33:50 2006, 88675182, , SellMarket, GBP/USD, 200000, 1.76290,
Tue Jan 17 06:18:55 2006, 88658980, 88656810, CloseTradeS, GBP/USD, 200000, 1.76090,
Tue Jan 17 06:42:52 2006, 88666257, , BuyMarket, GBP/USD, 200000, 1.75980,
Tue Jan 17 06:53:51 2006, 88669237, 88666257, CloseTradeB, GBP/USD, 200000, 1.76020,
Tue Jan 17 07:33:50 2006, 88675182, , SellMarket, GBP/USD, 200000, 1.76290,
Tue Jan 17 07:37:53 2006, 88676301, 88675182, ChangeTrade, GBP/USD, 200000, 1.76290,
Tue Jan 17 08:39:22 2006, 88684044, , SellMarket, GBP/USD, 200000, 1.76190,
Tue Jan 17 09:06:44 2006, 88688730, 88684044, CloseTradeS, GBP/USD, 200000, 1.76080,
Tue Jan 17 08:39:22 2006, 88684044, , SellMarket, GBP/USD, 200000, 1.76190,
Tue Jan 17 09:06:44 2006, 88688730, 88684044, CloseTradeS, GBP/USD, 200000, 1.76080,
From The Desk Of ...
Soultrader
Tuesday First
Morning all,
after yesterdays dismally boring movement im hopig for a better one today - time will tell
Tue Jan 17 03:05:27 2006, 88630515, , SellMarket, GBP/USD, 200000, 1.76900,
Tue Jan 17 03:25:59 2006, 88632574, 88630515, CloseTradeS, GBP/USD, 200000, 1.76800,
Tue Jan 17 03:50:45 2006, 88634553, , BuyMarket, GBP/USD, 200000, 1.76820,
Tue Jan 17 03:59:24 2006, 88635330, 88634553, CloseTradeB, GBP/USD, 200000, 1.76900,
Tue Jan 17 03:25:59 2006, 88632574, 88630515, CloseTradeS, GBP/USD, 200000, 1.76800,
Tue Jan 17 03:50:45 2006, 88634553, , BuyMarket, GBP/USD, 200000, 1.76820,
Tue Jan 17 03:59:24 2006, 88635330, 88634553, CloseTradeB, GBP/USD, 200000, 1.76900,
+18 pips
From The Desk Of ...
Soultrader
Monday, January 16, 2006
Monday first trade
Morning all,
Interesting room on paltalk this morning called 1 min scalping calls - youll find it in the business section
anyway, first trade of the day - seemed to last forever!
all time are EST as reported by oanda
Mon Jan 16 03:17:29 2006, 88457698, , SellMarket, GBP/USD, 200000, 1.77580,
Mon Jan 16 04:56:04 2006, 88471650, 88457698, CloseTradeS, GBP/USD, 200000, 1.77430,
+15 pips
From The Desk Of ...
Soultrader
Thursday, January 12, 2006
Tax Return Day
Well, in the UK the tax return deadline is January 31st.
so no trading for me today apart from grail as im busy doing the paperwork.
catch you soon when ive done :)
From The Desk Of ...
Soultrader
Wednesday, January 11, 2006
Wednesday Tidy Up
Tidy up Wednesday
total = +75 pips
this was a bit hair raising at times - been using a new strat and didnt think that the triple added trade would come in at one point.
think ill stick with hilda and slopeys in future - less stress!
Wed Jan 11 09:21:48 2006, 87803532, , SellMarket, GBP/USD, 200000, 1.75900,
Wed Jan 11 09:25:58 2006, 87804672, , SellMarket, GBP/USD, 200000, 1.76020,
Wed Jan 11 09:25:58 2006, 87804672, , SellMarket, GBP/USD, 200000, 1.76020,
Wed Jan 11 09:25:58 2006, 87805562, , SellMarket, GBP/USD, 200000, 1.76120,
Wed Jan 11 11:16:08 2006, 87821210, 87805562, CloseTradeS, GBP/USD, 200000, 1.75900
Wed Jan 11 11:16:08 2006, 87821210, 87805562, CloseTradeS, GBP/USD, 200000, 1.75900
Wed Jan 11 11:16:21 2006, 87821210, 87804672, CloseTradeS, GBP/USD, 200000, 1.75900
Wed Jan 11 11:18:23 2006, 87821212, 87803532, CloseTradeS, GBP/USD, 200000, 1.75860
Wed Jan 11 11:18:23 2006, 87821212, 87803532, CloseTradeS, GBP/USD, 200000, 1.75860
Wed Jan 11 08:06:36 2006, 87790827, , SellMarket, GBP/USD, 200000, 1.75690,
Wed Jan 11 09:03:13 2006, 87799965, 87790827, CloseTradeS, GBP/USD, 200000, 1.75630,
Wed Jan 11 09:03:13 2006, 87799965, 87790827, CloseTradeS, GBP/USD, 200000, 1.75630,
Wed Jan 11 03:42:31 2006, 87747915, , BuyMarket, GBP/USD, 200000, 1.75860,
Wed Jan 11 03:49:01 2006, 87748949, , BuyMarket, GBP/USD, 200000, 1.75820,
Wed Jan 11 04:19:54 2006, 87753211, 87747915, CloseTradeB, GBP/USD, 200000, 1.76000,
Wed Jan 11 04:20:55 2006, 87753318, 87748949, CloseTradeB, GBP/USD, 200000, 1.75990,
Wed Jan 11 03:49:01 2006, 87748949, , BuyMarket, GBP/USD, 200000, 1.75820,
Wed Jan 11 04:19:54 2006, 87753211, 87747915, CloseTradeB, GBP/USD, 200000, 1.76000,
Wed Jan 11 04:20:55 2006, 87753318, 87748949, CloseTradeB, GBP/USD, 200000, 1.75990,
From The Desk Of ...
Soultrader
Unbelievable!!
Morning all,
Well, I cant see me doing much trading this morning. I have o go the Diabetic Clinic at 10:30am for two and a half bloody hours!
This is like a training session where they teach you what you can eat, what you cant, how to do this and that etc .... (yawn) cant see me lasting the whole session to be honest - losing money every minute.
Just got to tell you about something amazing and unbelievable I found out yesterday.
You know when you are bored - inbetween trades so to speak and lunchtime...
well, I was having a browse around paltalk as I do sometimes and came across this room called '50 pips a day'
So I popped in to find this Australian bloke sat there giving a running commentary on the market and giving calls. Nothing unusual in that you might think.
The room had around 50 people in it and to be honest many sounded very naive in the text chat.
Anyway, to cut a long story short, this guy was aiming to charge for this room from next month and it certainly sounded like some people were willing to pay his $100 a month for the privaledge. Fair enough.
After listening for a while at the guy's somewhat ambiguous calls I jumped in and asked him a question or two. I couldn't believe what I was hearing from someone starting what amounts to a signals service. I also couldn't believe how many muppets were about to follow this guy off the edge of a cliff.
The best bit was this. Hats off to the guy cos he was as honest as the day is long. He openly said in the room that he wanted to sell access to the room so that he didn't have to trade, could give up his day job and move to the city just giving signals all day.
So to recap, you can pay $100 a month and get signals from someone with a 4 week old system that doesn't trade (nor wants to) and has all the trading experience of a newt.
He made a call on cable yesterday for short at 68 - some one asked him if that was Bid or Offer - he didn't know what that meant. He then fumbled around for 10 mins whilst the trade went the wrong way and after a move of about 40 pips against him said well, that wasn't a good signal you'd better close now.
I find it amazing that even after all this conversation the people in the room were still looking to pay him for the priveledge of listening.
I guess the old saying is true - 'In the land of the blind the one-eyed man is king'
Well, I cant see me doing much trading this morning. I have o go the Diabetic Clinic at 10:30am for two and a half bloody hours!
This is like a training session where they teach you what you can eat, what you cant, how to do this and that etc .... (yawn) cant see me lasting the whole session to be honest - losing money every minute.
Just got to tell you about something amazing and unbelievable I found out yesterday.
You know when you are bored - inbetween trades so to speak and lunchtime...
well, I was having a browse around paltalk as I do sometimes and came across this room called '50 pips a day'
So I popped in to find this Australian bloke sat there giving a running commentary on the market and giving calls. Nothing unusual in that you might think.
The room had around 50 people in it and to be honest many sounded very naive in the text chat.
Anyway, to cut a long story short, this guy was aiming to charge for this room from next month and it certainly sounded like some people were willing to pay his $100 a month for the privaledge. Fair enough.
After listening for a while at the guy's somewhat ambiguous calls I jumped in and asked him a question or two. I couldn't believe what I was hearing from someone starting what amounts to a signals service. I also couldn't believe how many muppets were about to follow this guy off the edge of a cliff.
- 1. He had been 'looking' at trading since May 05
- 2. He had no trading account of his own
- 3. The system he was using was only in his hands for 4 weeks
- 4. He had not a shred of verifiable results and said to all in the room 'boy if i showed you my account it looks a real mess' - and that was a demo account!.
- 5. He was on a satellite link internet connection that went down at least once every 10 minutes
The best bit was this. Hats off to the guy cos he was as honest as the day is long. He openly said in the room that he wanted to sell access to the room so that he didn't have to trade, could give up his day job and move to the city just giving signals all day.
So to recap, you can pay $100 a month and get signals from someone with a 4 week old system that doesn't trade (nor wants to) and has all the trading experience of a newt.
He made a call on cable yesterday for short at 68 - some one asked him if that was Bid or Offer - he didn't know what that meant. He then fumbled around for 10 mins whilst the trade went the wrong way and after a move of about 40 pips against him said well, that wasn't a good signal you'd better close now.
I find it amazing that even after all this conversation the people in the room were still looking to pay him for the priveledge of listening.
I guess the old saying is true - 'In the land of the blind the one-eyed man is king'
Tuesday, January 10, 2006
Tuesdays Tidying up
Ok lets tidy up todays log shall we
the emailing the log didnt work very well today but weve got through it
here are the trades taken today using Hilda and something else kindly given by Mike in Australia that manages to pick turning points to a tee. a rather nice addition to my charts so thanks Mike.
all times are EST, sorry about that but these are direct pastes from oanda - ive removed the ticket numbers so they fit on one line.
Tue Jan 10 03:31:44 SellMarket, GBP/USD, 200000, 1.76680,
Tue Jan 10 04:01:40 CloseTradeS, GBP/USD, 200000, 1.76530
Tue Jan 10 04:22:48 BuyMarket, GBP/USD, 200000, 1.76540,
Tue Jan 10 04:48:10 CloseTradeB, GBP/USD, 200000, 1.76700,
Tue Jan 10 05:13:39 SellMarket, GBP/USD, 200000, 1.76950,
Tue Jan 10 05:22:40 CloseTradeS, GBP/USD, 200000, 1.76810,
Tue Jan 10 07:14:16 SellMarket, GBP/USD, 200000, 1.76770
Tue Jan 10 07:24:19 2006 CloseTradeS, GBP/USD, 200000, 1.76770
the emailing the log didnt work very well today but weve got through it
here are the trades taken today using Hilda and something else kindly given by Mike in Australia that manages to pick turning points to a tee. a rather nice addition to my charts so thanks Mike.
all times are EST, sorry about that but these are direct pastes from oanda - ive removed the ticket numbers so they fit on one line.
Tue Jan 10 03:31:44 SellMarket, GBP/USD, 200000, 1.76680,
Tue Jan 10 04:01:40 CloseTradeS, GBP/USD, 200000, 1.76530
Tue Jan 10 04:22:48 BuyMarket, GBP/USD, 200000, 1.76540,
Tue Jan 10 04:48:10 CloseTradeB, GBP/USD, 200000, 1.76700,
Tue Jan 10 05:13:39 SellMarket, GBP/USD, 200000, 1.76950,
Tue Jan 10 05:22:40 CloseTradeS, GBP/USD, 200000, 1.76810,
Tue Jan 10 07:14:16 SellMarket, GBP/USD, 200000, 1.76770
Tue Jan 10 07:24:19 2006 CloseTradeS, GBP/USD, 200000, 1.76770
Tue Jan 10 05:39:48 SellMarket, GBP/USD, 200000, 1.76780,
Tue Jan 10 06:23:52 CloseTradeS, GBP/USD, 200000, 1.76630,
Tue Jan 10 08:43:36 BuyMarket, GBP/USD, 200000, 1.76420,
Tue Jan 10 08:55:19 CloseTradeB, GBP/USD, 200000, 1.76480,
Tue Jan 10 09:40:32 BuyMarket, GBP/USD, 200000, 1.76360,
Tue Jan 10 09:59:37 CloseTradeB, GBP/USD, 200000, 1.76660,
Tue Jan 10 09:59:46 SellMarket, GBP/USD, 200000, 1.76640,
Tue Jan 10 10:04:07 ,SellMarket GBP/USD, 200000, 1.76710,
Tue Jan 10 10:42:28 CloseTradeS, GBP/USD, 200000, 1.76630,
Tue Jan 10 10:42:29 CloseTradeS, GBP/USD, 200000, 1.76620,
so thats it - all in all +106 pips for the day :)
Tue Jan 10 08:43:36 BuyMarket, GBP/USD, 200000, 1.76420,
Tue Jan 10 08:55:19 CloseTradeB, GBP/USD, 200000, 1.76480,
Tue Jan 10 09:40:32 BuyMarket, GBP/USD, 200000, 1.76360,
Tue Jan 10 09:59:37 CloseTradeB, GBP/USD, 200000, 1.76660,
Tue Jan 10 09:59:46 SellMarket, GBP/USD, 200000, 1.76640,
Tue Jan 10 10:04:07 ,SellMarket GBP/USD, 200000, 1.76710,
Tue Jan 10 10:42:28 CloseTradeS, GBP/USD, 200000, 1.76630,
Tue Jan 10 10:42:29 CloseTradeS, GBP/USD, 200000, 1.76620,
so thats it - all in all +106 pips for the day :)
Friday, January 06, 2006
Wednesday, January 04, 2006
Happy New Year
Hi folks - all the best for the new year to you all.
Ive not been posting trades cos to be honest i couldnt be bothered.
This year is going to be a very big one for me with managing money for others. I have gained two such accounts and the first started on 3rd Jan. as such my own intraday trading is taking a backseat for a while as managing makes me more..
The biggest concentration for me will be grail and im now running two grail accounts of my own - one of which is ran differently and purely for monthly income as opposed to building the big pile of money as shown on the million pound experiment.
Ill still be posting in here - just not several times a day.
catch you soon.
From The Desk Of ...
Soultrader
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