cable about to die i think but still there as i write
looking like returns to trend could be in so taking a half position long on euraud from 1.9215 with a 400 pip stop.
this is a low risk trade with upside potential of 1500 pips or more. good risk reward is the key to trading and staying in the game, as I said before I do have a fair few losers trrading this way but the winners far outweigh the losers.
there, cable dead at -200 as i write
Cumulitive Results +1171 Pips since Oct 23rd
Friday, October 31, 2008
Thursday, October 30, 2008
new trade
Taking a flyer on cable long - just putting a toe in the water to see if things are truly turning.
Long at 1.6377 with a 200 pip stop at 1.6277
time for a retrace it may be but i'm not fully confident yet. a single trade may get the ball rolling if it is truly a turn around. tomorrow will tell - might be looking for something else if this turns good.
Long at 1.6377 with a 200 pip stop at 1.6277
time for a retrace it may be but i'm not fully confident yet. a single trade may get the ball rolling if it is truly a turn around. tomorrow will tell - might be looking for something else if this turns good.
Wednesday, October 29, 2008
nothing doing
think i'll leaave it for a few days - market is in flux so nothing is a safe trade.
was tempted to short gbpchf with around a 200 pip stop but leaving it, everything looks to be retracing and possibly turning. Only need a few good trades a month to make a good living and october is taken care of so no rush.
Have fun
was tempted to short gbpchf with around a 200 pip stop but leaving it, everything looks to be retracing and possibly turning. Only need a few good trades a month to make a good living and october is taken care of so no rush.
Have fun
and the next
AUDCHF also gone now on stop
shorted 0.7793 closed at 0.7325 result 468 pips
Cumulitive Results +1371 Pips since Oct 23rd
all trades closed, nothing new remotely intresting as yet.
check back tomorrow
shorted 0.7793 closed at 0.7325 result 468 pips
Cumulitive Results +1371 Pips since Oct 23rd
all trades closed, nothing new remotely intresting as yet.
check back tomorrow
Monday, October 27, 2008
one down ...
one down then - EURAUD was taken out by 3 pips at the stop
entry 1.9277 stopped out 2.0180 result +903 pips
AUDCHF still running no change to stop
Cumulitive Results +903 Pips since Oct 23rd
entry 1.9277 stopped out 2.0180 result +903 pips
AUDCHF still running no change to stop
Cumulitive Results +903 Pips since Oct 23rd
Sunday, October 26, 2008
Friday, October 24, 2008
Stops move
Stops moving on both open positions then
AUDCHF is now +330 ish - stop moved to break even
EURAUD is now +730 stop moving to 1.9180 - still leaving around a 100 pip risk on this trade
the audcadI was observing has now started to move so will see where it sits tonight, a retrace back to 8300 by close will see me consider an entry.
Nice overnight trades running there.
Have a good day all :)
AUDCHF is now +330 ish - stop moved to break even
EURAUD is now +730 stop moving to 1.9180 - still leaving around a 100 pip risk on this trade
the audcadI was observing has now started to move so will see where it sits tonight, a retrace back to 8300 by close will see me consider an entry.
Nice overnight trades running there.
Have a good day all :)
Thursday, October 23, 2008
new trade
Ok, just taken a new trade - taking this one small because of the recent volatility on this pair - just $1 per pip.
Last time i took this two weeks ago it netted over $1500 at $1 a pip so worth doing.
Long EURAUD 1.9277 stop at 1.8880 - almost 400 pips. I think we will either see new highs or it will correct back down to the 1.81 area. 400 pips risk for a potential 2000+ pip gain means a 5:1 rr ratio.
lets see.
keeping an eye on audcad for a return to trend (short) as it's currently testing previous support around 0.8400. not taking it yet though, will watch tomorrow morning and tomorrow night.
2nd trade is short AUDCHF from 7793 stop 7925 target new lows. $2 per pip
PS, as you see these trades take shape you will see quite a few losers - but when they win they typically win big. all trade sizes mentioned are for a typical $10k account.
The market may be going into a flux state as i call it where it's undecided - at these times i typically take small positions just to get in the potential trades - if i get two or three losers then i'll sit back and wait a while.
You'll get used to these periods as we go on.
Fingers Crossed then.
Last time i took this two weeks ago it netted over $1500 at $1 a pip so worth doing.
Long EURAUD 1.9277 stop at 1.8880 - almost 400 pips. I think we will either see new highs or it will correct back down to the 1.81 area. 400 pips risk for a potential 2000+ pip gain means a 5:1 rr ratio.
lets see.
keeping an eye on audcad for a return to trend (short) as it's currently testing previous support around 0.8400. not taking it yet though, will watch tomorrow morning and tomorrow night.
2nd trade is short AUDCHF from 7793 stop 7925 target new lows. $2 per pip
PS, as you see these trades take shape you will see quite a few losers - but when they win they typically win big. all trade sizes mentioned are for a typical $10k account.
The market may be going into a flux state as i call it where it's undecided - at these times i typically take small positions just to get in the potential trades - if i get two or three losers then i'll sit back and wait a while.
You'll get used to these periods as we go on.
Fingers Crossed then.
Wednesday, October 22, 2008
Hi all
Hi everyone.
Seen a few questions around so thought i'd chat.
No, I have not blown my account however i did have a hard time for the last few months - heck if leahmans can die then what chance do we have eh?
I lost some accounts too (clients) but i did expect that and am sad that it happened.
Life goes on though I've pulled back in October creating a large gain but i'm not going to start harping on and telling you how much because it's pointless and no-one would believe it anyway.
Im now trading daily charts on longer term trades and have done very well. Im in several positions at the mo but won't tell you what they are as they are already running.
I will however from now on for a while post any new trades i take for your entertainment so keep an eye on the blog if you want a laugh.
I'm now in another business also completely removed from trading and that is taking up a lot of my time so daily charts are really the only way i can go.
I could never do them before because i was sat here all day and i'd just fiddle with trades. Now i'm not here i just take em at night around 11pm or in the morning around 7am and dont see them until the next check, they win or lose.
Anyway, time will tell as i'll report em here as we go on. Might be a while though because i'm in five trades as we stand.
catch you soon.
Seen a few questions around so thought i'd chat.
No, I have not blown my account however i did have a hard time for the last few months - heck if leahmans can die then what chance do we have eh?
I lost some accounts too (clients) but i did expect that and am sad that it happened.
Life goes on though I've pulled back in October creating a large gain but i'm not going to start harping on and telling you how much because it's pointless and no-one would believe it anyway.
Im now trading daily charts on longer term trades and have done very well. Im in several positions at the mo but won't tell you what they are as they are already running.
I will however from now on for a while post any new trades i take for your entertainment so keep an eye on the blog if you want a laugh.
I'm now in another business also completely removed from trading and that is taking up a lot of my time so daily charts are really the only way i can go.
I could never do them before because i was sat here all day and i'd just fiddle with trades. Now i'm not here i just take em at night around 11pm or in the morning around 7am and dont see them until the next check, they win or lose.
Anyway, time will tell as i'll report em here as we go on. Might be a while though because i'm in five trades as we stand.
catch you soon.
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