Soul's Mad ForexTrading Diary

Time Marches On (Lanie Hill)

2009-03-26T22:19:00.003Z

eurcad closed on stop at BE, took +52 on eurgbp

Results for March 2009 +609 pips on closed trades

Results so far for 2009 +942 pips on closed trades.

results live on this blog since Oct 23 2008 +4873 on closed trades

ANNOUNCEMENT

I'm sorry folks, but the recent tosser attack has forced me to question my motives for posting here again and since then i've taken trades without posting here on time because i've lost the motivation to. Ive had another eurgbp trade today and havent posted it which is long by the way from 9312 sl now at 9332.

It's just been one more attack from one more tosser wannabe jealous trader.

Over the years i've had lots of them. In the past they kept to the forums and attacked me there, and now theyre coming to the blog - I even get emails from the wankers.

I understand how hard it is to get a foothold in this business so i've given them lots of slack. But I now find that I just can't be bothered even with this blog anymore.

I have nothing to prove anymore. I'm still here after 7 years and i do what i do and do it as well as i'm able. the proof is in these pages which document much of my trading career.

I will continue to trade my way and make my money. But i'm going to take a holiday from the blog and for how long I have no idea. I may never return or i could just be away a short while.

I just can't find a reason to post here anymore nor a motivation. Through the years i've trained a lot of people and very few of them are left around who trade. I do have some close friends who are still in the game but they, like me don't bother with the internet thing anymore either.

The whole reason i started the longer swing game was because i've taken up a new challenge which consumes my days and i very much enjoy that. My long days of screen staring are over and they did pay off but I no longer want to do that, I have better things in my life now which actually make a difference in the world.

Keep checking back if you like, at this moment I feel like just deleting the whole thing but then i guess it can stand here as some lessons to a select few who can read between the lines.

I hope that some of you make it in trading and make some serious money.

As a closing bit of advice i'd suggest that you don't study too hard - indicators really are bollocks, systems don't work for long enough to matter and risk management is all there is left.

If you win then it's luck, there is no skill in this game - it's how your capitalise on that luck that matters - get on the horse and dont get off till it's stopped running you way. but only get on the horse when it's close enough to the start so that you know when it's running the other way.

basically short stops, long profits and newtons law - a body in motion tends to remain in motion until acted upon by an opposing force. Go with the flow.

Stay Lucky.

Bye for now.

Soultrader 26 March 2009

2009-03-25T08:59:00.000Z

stops moved

EURUSD SL MOVED TO 9230

EURCAD SL MOVED TO BREAK EVEN

stay lucky!

2009-03-24T20:07:00.002Z

sorry, site was acting up - here are trades from last night and this morning - profit column is pips, both positions are short

new week

2009-03-22T23:22:00.002Z

heres the current sp

CHFJPY CLOSED BREAK EVEN

EURGBP CLOSED ON STOP - POSITION 1 +419 POS 2 +231 TOTAL +656 PIPS. remember this is a 1.4X pair so thats like 900+ pips on the balance - if you don't know what i'm talkign about look back a month or so to "all pips are not equal" or whatever i called it.

EURJPY SHORT PUNT KICKED IN @130.80

SECOND PUNT SHORT USDJPY@96.77 SL 100 PIPS worth a go a think but a spec punt based on pullback and last thursdays high as a sympathetic level to break. I did think twice about this because of the exposure of my EJ trade and may consider a hedge if I see one worth taking on the other yen pairs.

Results for March 2009 +557 pips on closed trades

Results so far for 2009 +890 pips on closed trades.

results live on this blog since Oct 23 2008 +4821 on closed trades

2009-03-19T22:50:00.000Z

SL MOVE EURGBP 0.9370 ON BOTH POSITIONS

2009-03-19T08:35:00.001Z

SL MOVE EURGBP 9190 ON BOTH POS.

somemay be thinking why hasnt he got other positions - havent seen anything i like, but note that eurgbp is a $143 per pip per mio pair and i have two standard positions open.

stay lucky!

2009-03-17T08:31:00.001Z

NEW TRADE - SHORT EURJPY @ 130.80 IF SEEN, SL 100 PIPS

2009-03-16T22:22:00.002Z

sl to be on chfjpy

getting interested in shorting eurjpy - gotta turn first tho

2009-03-13T20:05:00.002Z

someone asked earlier if i thought this was the time for things to turn for me.

I certainly hope not is my answer - over 4100 pips in less than 6 months will do me anytime. that's 36% on account in six months. of course the questioner may have an account with fuck all in it so 36% of fuck all isnt so impressive - mine and my clients results arent on fuck all and are therefore quite impressive.

he then asked if a drawdown of 1500 pips bothers me or if it's par for the course

My answer is that all is going to plan, im still trading and i'm still here after many years. you can't make an omlette without breaking eggs.

If you play the 5 minute chart then a drawdown of say 100 - 200 pips would be par for the course. - I trade the daily and sometimes weekly chart - a drawdown of several thousand pips would be par for the course. If i played the monthly i would expect regular 5000+ pip drawdowns.

he asked if my thoughts would be the same if i was using leverage

my answer is i dont know, because i dont use leverage.

he asked if i questioned my 'system' at 1000+ pip drawdowns

my answer is this - I dont use systems, I manage risk.

He said a lot of things in a earlier post that were quite detramental to me - that post was deleted. he said that i get angry when up against the wall - my answer to that is no i dont because that would denote that i cared about the money and i dont.

my last answer to him is fuck off for good this time and leave this blog for people who have respect for a trader that's traded more money than you will ever see.

For those left behind......

News:

GBPUSD closed +207

Results for March 2009 -99 pips on closed trades

Results so far for 2009 +234 pips on closed trades.

results live on this blog since Oct 23 2008 +4165 on closed trades

question, would you be unhappy with that? my clients would be happy with that percentage in a year. as luck has it they get more.

so Stay Lucky.

2009-03-13T08:18:00.001Z

STOP MOVE GBPUSD 1.4035

CLOSED ON STOP USDCHF -53 PIPS

Results for March 2009 -306 pips on closed trades

Results so far - 2009 +32 pips on closed trades.

2009-03-11T23:04:00.002Z

NEW TRADE CHFJPY SHORT @ 83.70 IF SEEN SL 86.35

STOP MOVE ON BOTH POSITIONS ON EURGBP TO 91.30 (REMEMBER 2ND ORDER IN FROM 5TH FEB order place)

no further changes

stay lucky

2009-03-10T09:11:00.000Z

STOP MOVE GBPUSD 1.4242 BREAK EVEN
STOP MOVE USDCHF 1.1730

stay lucky

2009-03-08T23:28:00.004Z

FYI these are the current trades - same as before but with the addition of a usdchf position

EURGBP LONG 0.8951
GBPUSD SHORT 1.4242
USDCHF SHORT 1.1677

considering locking in break even on cable b ut not yet.

EURJPY CLOSED ON STOP FOR -253

Results for March 2009 -253 pips on closed trades

Results so far - 2009 +85 pips on closed trades.

crap year so far but then it could all change in a heartbeat - well, a month then :) - wait till you have a crap year till december and make it all in one month for the year - it happens!

bye

2009-03-02T23:07:00.002Z

Amendment for last month

Results for February 2009 -1209 pips on closed trades

Results so far - 2009 +338 pips on closed trades.

This was -9.2% for the month (remember not all pips are equal - see earlier post on this subject) thought it was more but when the calc came out it wasnt.

tonight:

STOP MOVE GBPUSD 1.4330

NEW TRADE EURJPY SHORT 121.85 SL 124.30

enough for now, stay lucky :)

2009-03-02T08:23:00.001Z

for some reason last night i couldnt post here - dns problems with my isp i think

sorry this is late

STOP MOVE EURGBP TO 0.8770

NEW TRADE SHORT GBPUSD1.4242 SL 1.4430

2009-02-25T22:54:00.003Z

Losing count now LOL

ahh, just one trade away in the big scheme of things

usdchf closed on stop for -149 and -260

Results so far - February 2009 -1136 pips on closed trades

Results so far - 2009 +411 pips on closed trades.

what a bastard lol - no, really, this is where the fact that i use 1:1 leverage and choose low risks come in - when you look at it it's only really two trades from recovery - this is the life of a trader - sometimes you win win win, other times you lose lose lose lose - the key is making sure that overall each single trade is small in risk but that when you do win it covers the losing pot and then some.

Im sure some watching this are sniggering - ohh look at soul screwing up - and that's fine, feel free to snigger - ive seen lots of sniggerers - funny how they change often though and after about a year they dont seem to be around sniggering anymore.

anyway, I know some out there understand the big picture and will be watching with mere interest.

I'd like to go short cable right now but the risk is too high at 500 pips. if we see 1.44 then i might join the party but time will tell.

A lower risk however is eurgbp with about 400 for a profit approachiong 1000 pips, therefore:

NEW TRADE LONG EURGBP 0.8951 SL 0.8570

GBPCHF looks interesting for a short also but the risk is again too high. Nursing a loss of more than 10% on the month is making me over cautious, roll on march when i reset the clock.

Stay lucky!

2009-02-23T08:03:00.002Z

Ok, new week, here's hoping for some trendsetting!

The USDCHF order for shorty that i put in omn 9th Feb kicked in Late Friday and promptly went up :) I added to that position last night at 1.1581 because i like it.

2009-02-18T23:26:00.001Z

boring boring, nothing happening.

can someone start a vicious rumor please?

2009-02-18T08:07:00.001Z

STOP MOVED AUDCAD TO 0.8140

2009-02-16T08:42:00.001Z

low risk chancer

NEW TRADE AUDCAD SHORT @0.8067 SL 0.8240

I'm struggling a bit today, got a rather bad infection which is also giving me double vision - hard to see the screen!

2009-02-13T20:45:00.002Z

ahh well, getting a battering this month so far, suppose it should be expected.

think i might stay out for a while to let it settle.

state of play:

CLOSED ON STOP EURGBP -60
CLOSED MANUALLY EURCAD -236

Results so far - February 2009 -727 pips on closed trades

Results so far - 2009 +820 pips on closed trades.

2009-02-13T08:05:00.001Z

CLOSED ON STOP GBPCAD -178
STOP MOVED EURGBP TO 0.8870

can't win em all can ya! That's why it's called risk capital!

Results so far - February 2009 -431 pips on closed trades

Results so far - 2009 +1116 pips on closed trades.

2009-02-12T22:33:00.000Z

low risk chancer

NEW TRADE SHORT GBPCAD 1.7762 SL 1.7940

Question

2009-02-12T08:11:00.004Z

jguy3348: I am here..Been cruising and found old you on moneytech..you wrote some really good stuff there. I got alot of questions. Earlier on this blog you talked about probilities. I don't want to recap all you wrote. Do you still use proabilitiy and backtesting for system developement. Can you give an example of what you might look at use to measure probability?? eg, is consolidation a probality factor? Doo you have more thatn one probability factor? You also talked alot about backtesting!!!! Do you do this by hand or do you use software....I am not sure if I have been clear or not , please excuse me if I am confusing you with my question..

Hi Jguy if i wrote really good stuff on moneytec does that mean i write total bollocks on here? LOL

anyway, lets talk about backtesting and systems.

Im only going to say this once and it might upset a lot of people. My experience has shown that backtesting is a total waste of time ... almost. It's also learned me that systems don't work long enough in 'retail land' for anyone to make a lot of money or a reliable income.

Take a look at the grail blog and you will see that we spent a massive amout of time working on backtesting, system development etc - sure, i did over 1000% inside 13 months so you could say that was a success. I made some good money out of grail but then the system failed.

I was lucky for a whole year - if i'd have discovered grail two years earlier I would now be in the leagues of the super rich because in total grail worked day in day out for four years.

However, it wouldnt have been possible to identify the grail pattern until it was at least two years old so the maximum we could have milked it for was about two and a half years.

The team and I sat up night after night crunching numbers spending literally thousands of hours between us backtesting various stuff. it was a waste oif time.

The initial backtest which gave us a ball park system was good enough.

at the end on 2006 came the black swan, as happens in any mechanical system - eventually they always come to roost.

Systems are ok for a learning curve, but the biggest lesson anyone could take away from here is to learn to trade risk. One day if you last long enough you will understand what i mean - until you get there you'll think its about money management, or the entry, or the stop or this indicator / that indicator. It isn't it's all about risk.

next question will be something like "do you have a system soul" and my answer is yes and no - I have a chart setup and seven years of looking at them so i guess thats my system. Reading the charts is an art form, not a set of childish rules, go long when x=y, short when y=x, stake X% of pot etc - all that is BOLLOCKS.

Forget systems - either building them or buying them, forget backtesting completely, learn to trade risk and you can make money all your life.

Wanna know more? - click me

2009-02-11T22:21:00.001Z

no changes, market still struggling - go have a life and check daily :)

I'll answer nthe chat questions prob in the morning guys.

Stay Lucky

2009-02-10T22:45:00.002Z

NEW TRADE LONG EURCAD 1.6140 IF SEEN SL 400 PIPS

CHANGE ORDER EURGBP ENTRY LONG NOW 0.8930 IF SEEN

things might start moving soon, can you feel it getting ready?

then again it might be crap and just go back to range - but it certainly had a sniff today didnt it - time to see if it wants a good go tomorrow.

Im also interested in GBPUSD short but not from here - going to watch what happens overnight and might take a punt or place an order tomorrow.

Catch you in the morning on that one

Wanna know more? - click me

2009-02-09T22:13:00.002Z

CLOSED ON STOP USDCHF -171
CLOSED ON STOP USDCAD - 157

Results so far - February 2009 -253 pips on closed trades

Results so far - 2009 +1294 pips on closed trades.

aww schucks!

NEW TRADE SHORT USDCHF @ 1.1470 IF SEEN SL 300 PIPS

That's it for now

Stay Lucky!

2009-02-09T00:25:00.000Z

stop change usdchf to 1.1560

2009-02-05T22:47:00.002Z

still dont really like anything tho usdcad is bugging me a little - i think it's going long but need to see something first.

NEW TRADE LONG EURGBP @ 0.9139 IF SEEN SL 300 PIPS

Ive cancelled the usdchf short order now and replaced it with a medium risk punt

NEW TRADE USDCHF LONG 1.1731 SL 1.1370

Sod it, taking a low risk cad:

NEW TRADE USDCAD LONG 1.2327 SL 1.2170

That's it Stay Lucky!

2009-02-05T08:31:00.001Z

lovely weather we are having here!

anyway

TRADE CLOSED ON STOP EURGBP +100

Results so far - February 2009 +75 pips on closed trades

Results so far - 2009 +1547 pips on closed trades.

Been looking around at the charts and dont see anything at all that interests me, the market is stagnant so nowt to do. time to make a snowman i think.

stay lucky

2009-02-04T08:25:00.004Z

EURCAD CLOSED ON STOP FOR +130
EURAUD CLOSED ON STOP FOR -155

Results so far - February 2009 -25 pips on closed trades

Results so far - 2009 +1447 pips on closed trades.

Funny thing here is that financially I lost nothing - because EURAUD is $63 a pip per contract and EURCAD is $80 I actually made money on a pip loss.

Anyway, nothing else at the mo, the market is stagnant so guess what - no trading! plenty of time left in the month so i'm going to have some fun :)

2009-02-03T08:44:00.001Z

taking a chancer

NEW TRADE - LONG EURAUD 2.0125 SL 1.9970

2009-02-02T18:36:00.002Z

STOP MOVE EURCAD TO 1.6040
STOP MOVE EURGBP TO 0.8933

New Month - Feburary 2009

2009-02-01T22:56:00.002Z

Doesnt time fly! already a 8.3% of the year gone.

What have you done with that time - all 744 hours of it?

Did you spend it stuck to a screen? or did you have a life?

The way I trade I have a life - I make no apologies for that, it's why i trade. Why do you trade? Money isnt everything you know - make sure you dont miss out on the things that money cannot buy.

Anyway, New month then so lets wrap up January

January Close + 1472 pips for 13 trades.

7 winners and 6 losers - bit like a coin toss that eh steve? - what does it tell you?

each trade win or lose was worth 113 pips

average losing trade was -102 pips.

average winner was +297 pips

Yes, the entry to your trade is important, yes the exit matters, yes the size of the stake is important - but trading is all about the risk and return. If your winners are worth more than your losers and you are around 50% or better then you make money. Simple.

Taking a low risk bouncer tonight for a punt

NEW TRADE LONG EURGBP 0.8825 SL 0.8770

Nothing else attractive so that's that.

Wanna know more? - click me

2009-01-28T00:27:00.002Z

NEW TRADE - SHORT USDCHF @1.1270 IF SEEN SL 1.1450

watch list includes cadchf for a possible short somewhere below 0.92 that will be a nice one if it kicks off with a reasonable risk. Not today tho

Stay Lucky

closes

2009-01-27T08:48:00.002Z

GBPUSD CLOSED ON STOP -146
EURGBP CLOSED ON STOP +190

Results so far - January 2009 +1472 on closed trades

Only eurcad still going - no trades for a bit, market is skittish. Fancied gbpcad earlier today but anti trend so no go.

Catch you in a day or so.

2009-01-26T23:08:00.002Z

Ok, some blowouts then.

USDCHF CLOSED ON STOP FOR + 549
GBPCHF CLOSED ON STOP FOR +70 (SHAME)

Other two still running and no change to stops

Results so far - January 2009 +1428 on closed trades

not a bad month eh?

NEW TRADE - LOW RISK SHORT GBPUSD 1.3984 SL 1.4130

fyi the usdcad trade i mentioned a few days ago came off but the risk was too high so didnt take it.

That's it for now i think.

Stay Lucky

PS, out of interest, would anyone be interested in a training course live online? just that a friend of mine has suggested it and he's willing to organise it. Cost would be around $2k per head and would be intensive and a long course over say six weeks twice a day at market times.

Not saying i'll do it yet, just sniffing the ground to see if there is any interest or if i'll get slated for it as used to happen. he seems to think not but i still think the vast majority are tossers. sorry like, just my experience with wannabe traders.

New Week

2009-01-25T23:28:00.002Z

Nice to see trades going the right way from the off.

some stop moves:

GBPCHF STOP MOVE TO 1.6070
EURGBP STOP MOVE TO 0.9290
EURCAD STOP MOVE TO 1.6330
USDCHF STOP MOVE TO 1.1470

Starting to tighten up on usdchf, getting near a possible retrace. anyone noticed that this is now in excess of 7:1 on RR?

more in the AM, catch you then

Stay Lucky

2009-01-22T23:24:00.004Z

Stop changes

STOP MOVE GBPCHF TO 1.6330
STOP MOVE USDCHF TO 1.1370

im getting interested in a posible usdcad move short in thenext few days but apart from that dont see anything low risk enough.

stay lucky :)

2009-01-22T08:03:00.001Z

stops moving.

STOP MOVE EURGBP TO 0.9250

No further changes

2009-01-21T10:29:00.002Z

NEW TRADE - SHORT EURCAD 1.6170 IF SEEN - 300 PIP SL

questions ...

2009-01-20T09:30:00.002Z

20 Jan 09, 08:19

Steve: Hey Soul, How did you decide to short GBPCHF at 6140 - its probly a trade secret but I'm curious why you didn't short it when it was at 67??

No secret Steve - I always give a trade plenty of room to make sure it's broken a level. The fools would have shorted at 67 - in this case it would have been a good area and they feel smug, but that's just one out of say seven wheras the other six would have bounced and gone back into the range. A test of a level will mostly be at least 20 pips deep because of the orders sat there

I normally go for the 70 below the nearest figure or the 30 when going long. 20 to 50 pips is neither here nor there on the trades i take

20 Jan 09, 09:16

bigAl: Morning Soul. Could you clarify something for me with regards your stake size on EURGBP (if you get filled), at $144 a pip are you basically risking ~$30K? If so DANG i see why they call you the soul man 3 mil in the account??

Mornin Al,

Ive traded 17mio on account before now Al. i've lost more than $120,000 on a single trade and made more than double that on a single trade before now too. Figures like 30k risk are small potatoes in this game.

However, please note that when i quote a figure for a standard lot, they are standard interbank lots (1 lot = 1mio). A retail trader's standard lot ($100,000) on eurgbp would have been $14 per pip and a mini account (10,000) just $1.40. Then you can even open a micro account and have 14 cents a lot lol, tho why you would even bother is beyond me.

I always quote per Mio, that doesnt mean i take a full lot every time as most of the client accounts I trade are mini accounts. Sometimes I take more than a mio and sometimes less.

Tell you what tho Al, you don't half lose your respect for money in this profession.

As for the full size of the accounts I trade, i'll keep that to myself i think :)

Now then TRADE NEWS
GBPUSD chancer entered and died - 50 pips at 2X stake = -100

EURAUD just died -200

USDCHF STOP MOVE TO 1.1270

EURGBP kicked in off the entry as did GBPCHF

Results so far - January 2009 +809 on closed trades

2009-01-19T23:21:00.003Z

GBPCHF market order re-instated 1.6140 short if seen sl 500 pips

Kinda tempted by audusd for a short but not tonight - was looking to place an order at 6480 ish but think i'll hold off - whole market looks shaky and uncertain.

i do fancy this next one though - but be careful with position size as it's $144 per pip for each mio as opposed to $100 which is usual. risk is 200 pips - reward around 700 at a guess

NEW TRADE - LONG EURGBP @ 0.9140 IF SEEN SL 200 PIPS

There is a really low risk cable long at this level so i'm going to go for one but with a market order and a double stake. this might not even get hit but worth a risk if it does.

NEW TRADE LONG GBPUSD 1.4320 IF SEEN - SL 1.4270

only a 50 pip risk (at 2X usual stake) for a possible rejection bounce back up to 1.49 area - risk reward on this is about 12:1

Thats enough new risk for tonight, no other changes to stops

Sunday Night - Market Open

2009-01-18T23:46:00.002Z

CANX ENTRY ORDER ON GBPCHF

EURUSD STOPPED OUT + 343

Results so far - January 2009 +1109 on closed trades

Think that will do for tonight. see what tomorrow brings with Brown and his wonderful bank bail out. F*&^in tosser!

2009-01-16T09:08:00.000Z

Quick low risk trade

LONG EURAUD 1.9686 SL200 PIPS

2009-01-15T22:47:00.002Z

Just the one order to place

NEW TRADE SHORT GBPCHF@1.6144 IF SEEN - SL 400 PIPS

and this change

STOP MOVE EURUSD TO 1.3350

Bit stagnant isnt it - can you feel it? if you can't, then you dont understand the whole market enough - learn to watch all the pairs every day - get to feel them.

Stay lucky :)

Closes

2009-01-14T08:00:00.002Z

Ok, decided upon having a look at the yen pairs to close a couple to lock in some money. Across the board the yen seems to be having a little turn so we could be in for some up and down ranging for a few days or even a couple of weeks.

Then again they could just bollock down and smash throught the floor! what do i know???

so, been in a few good runs so time to take some of that honey.

CLOSE CHFJPY @ 80.61 FOR +304

CLOSE eurjpy @ 119.57 FOR + 528

Results so far - January 2009 +766 on closed trades

so, the question is why did i close em when i'm a 'stick with em till the death' trader. and the answer is this.certain pairs under normal circumstances move a certain way at a certain rate. I considered that this rate was a bit over the top of late on the yens and that a hard retrace could be due.

Add to that the fact i was in 4 positions rather than the usual two or three and I think it was right to take some of that money on the table and release some risk hence almost reaching my target of 1000+ for the month.

The other two are moving more as one would expect so i'm happy to leave them running to see if they continue.

Stay Lucky.

stop moves

2009-01-12T23:17:00.003Z

ok, some changes, lets get a bit locked in here.

STOP MOVE EURUSD TO 1.3530

STOP MOVE CHFJPY TO 82.30

STOP MOVE EURJPY TO 122.30

STOP MOVE USDCHF TO 1.1070

That's it for now, nothing new on the horizon i wish to risk.

also all trades have a 500 pip trailing stop if they get that far.

Stay lucky

2009-01-12T08:20:00.002Z

well, looks like lady luck decided to smile on me.

Almost 1500 pips up now on four positions - let em roll

STOP MOVE EURJPY 125.40 PLUS 500 PIP TRAILER
STOP MOVE CHFJPY TO BREAK EVEN 83.65 PLUS 500 PIP TS

no change to eurusd or usdchf

It gets very tempting to take profit and call it a day when you have your monthly target in one set of trades. But then i wouldnt be a trader would i :)

That's it, let's see where these baby's go

Stay Lucky

2009-01-09T09:02:00.002Z

took some trades last night but couldnt post em here . luckily very little hashappened with em so i'll include them.

SHORT EURUSD 1.3693 SL 1.3833

LONG USDCHF 1.0930 SL 1.0830

2009-01-08T17:24:00.002Z

can you tell how bored I am being at home sick?

Ive just counted the trades and win / loss ratio of all calls made since Oct 23rd when i re-activated the blog

Total Trades = 27

Wins = 15

Losses = 12

win / loss % stands at 55% positive for 3865 pips

that means each trade was worth 143 pips whether it won or lost!

2009-01-08T16:59:00.003Z

EURUSD stopped out for zero pips.
never mind, market is a bit scratchy at the mo.

Looking at cable and wondering if we are going to see a retrace back to 1.7000 levels. we are still on a lower low though so at the mo i'm still only interested in cable shorts.

still got the two yens running anyway. Shgame about the cad from yesterday cos it's looking like it wants to play ball now - stop was too tight there.

I'm sat at home for the last few days - been poorley with the flu and a huge boil on my back! antibiotics are kicking in now though and hope to be better soon.

Stay Lucky.

2009-01-08T12:41:00.002Z

ok, shoulda resisted :)

not really, was a good rr chancer.

USDCAD CLOSED ON STOP -66

AUDUSD CLOSED ON STOP +100

January 2009 = -66 Pips on closed trades

EURJPY has now executed so i have three trades open .

STOP MOVED EURUSD TO BREAK EVEN 1.3779 AND 500 PIP TRAILING STOP INITIATED

Thats it for now - not looking for other trades at the mo as got enough running.

Stay Lucky

2009-01-08T00:18:00.002Z

NEW TRADE - SHORT USDCAD 1.1964 SL 1.2030

cant resist - such a low risk

STOP MOVE CHFJPY 85.40

leaving eurusd alone for a while, might regret it but i still fancy the big drop

stop move and info

2009-01-07T16:04:00.002Z

hiya,

chfjpy kicked in yesterday, not looking too good yet.

eurusd having a big fight back now but let me ask the question - this was almost 500 pips up - and ive let it go back to less than 50 up - could you stomach that? if not then i can honestly say that you should stop reading my blog - im a long term trader - i shoot for 1000+ on trades and im happy if i just get one or two a month. The pullbacks are the price you have to pay to bag the big ones. EURUSD could still lose beleive it or not as there is not yet a smart place to move the stop to. Remember, a candle isnt formed until the end of the day on the daily charts.

Anyway.

STOP MOVE AUDUSD - SL MOVED TO 0.7026 LOCKING IN 100 PIPS

Can you see why i chose that area? - clear support from yesterday means there is a smart area for the stop.

Starting to think i may cancel the EURJPY order but not yet.

also note, i will most likely move the EURUSD stop to 10 pips or so above todays high - wont do it till i see the state of the candle at EOD though.

Stay Lucky.

new trade

2009-01-05T23:18:00.003Z

EURUSD doing ok at +155 as we speak, hoping for over 700 on this one but then time will tell. AUDUSD now over +200 so another nice one running AUDUSD STOP MOVED TO BREAK EVEN 0.6926, Nothing special though because half position.

NEW TRADE EURJPY SHORT @ 124.85 IF SEEN, INITIAL 400 PIP STOP

NEW TRADE CHFJPY SHORT @ 83.65 IF SEEN SL 86.30

Couple of hopefuls there.

For Karolis and everyone else interested in managed account Min investment is 50k USD, all funds to be held at MIG investments in switzerland in your own name. No Guarantees but low leverage and risk. expectations 2-10% per month max drawdown 30% before plug gets pulled. If interested leave me a message and i'll be in touch about the fees / legals etc.

Sorry to be so brutal but many think that $50k is a lot of money, if you do then this isnt for you and i'd just as soon save both me and you the time :)

stay lucky.

Happy New Year!

2009-01-02T10:26:00.002Z

Well, it's a new year for us all and I sincerely hope it's a good one for you also.

We start a new count off today and close off last year totally. - a clean slate so to speak.

To close off then.

Closed Results +3931 Pips Oct 23rd - Dec 31st 2008
December 2008 = +1357 Pips on closed trades

First one a shitter for 09:

USDJPY CLOSED FOR -100

and one of these to get us going

NEW TRADE - MARKET ORDER - SHORT EURUSD @ 1.3775 IF SEEN - SL 1.4250.

Results 2009 = -100 pips
January 2009 = -100 Pips on closed trades

Trades closed

2008-12-31T15:06:00.003Z

Right then, some closes and changes

GBPUSD closed on stop @1.4620 for +241
USDCHF closed on stop @ 1.0720 for +257

audusd stop moved to 0.6826 (risk 100 pips)

Closed Results +3931 Pips since Oct 23rd 2008.
This Month +1357 Pips on closed trades

I think that closes 2008 :) a nice last two months of the year

Happy New Year for tomorrow and a prosperous one is wished for you

Stay Lucky

NEW TRADE

2008-12-31T10:40:00.002Z

NEW TRADE SHORT USDJPY 90.25 100 PIP STOP

STOP MOVED GBPUSD TO 1.4620

Locking in some profit now on gbpusd, it doesnt seem to like the lower break as much as i had hoped, still, got to give it some room but this tightening might be a mistake.

usdjpy is a low risk trade with a possible 7 or 8 to 1 RR - then again might be crap :)

No other changes.

Enjoy your new years eve celebrations all :)

STOPS MOVE

2008-12-30T12:04:00.003Z

stops moved as follows

usdchf stop moved to 1.0720
gbpusd stop moved to 1.4850
audusd stop remains at 0.6730

Closed Results +3433 Pips since Oct 23rd 2008.
This Month +859 Pips on closed trades

Note that i will not be marking to market on new years eve.

Anyone interested in Managed accounts under this method please contact me on here and leave your email address. I have three places available at the moment.

2008-12-28T23:38:00.001Z

FYI

Cable short currently +190 and usdchf now +340 - leavin em to run, both have stops at break even.

Looking for cable to breach the lows for a good drop again soon but who knows? not me and i care less.

I'm off to enjoy the rest of Christmas now, catch you all soon. (hic!)

2008-12-28T23:30:00.002Z

I had a question in the chat box that i thought deserved an answer in more depth - so here goes.

Tarrentino: Soul, very very interesting stuff in your blogs. I have spent the last three years messing about with automated system development but have yet to get the smooth equity curve we're all searching for. My systems worked well over 2-3 years but there was always one period which made the whole thing FUBAR. Got an article being published in e-Forex in Jan which you might find slightly interesting although there's nothing revolutionary. Are you an ex bank trader?

hi tarrentino - (your films suck by the way :) ) seriously tho, no, not a bank trader just a self taught trader but i have met with many bank traders and know the score.

Automated systems can work but i don't believe they will for retail traders over the long term - the mega players have them that win but they take very small wins that we can't get because of retail spreads - institutions have spreads as low as 0.1 pip and often zero - those people have automated systems.

There's also the calibre of programming tools at our disposal - Until we get some real artificial intelligence then i no longer believe that automated trading is a way to go - it worked for me for just over a year and then as you say FUBAR.

I dont think it's possible yet to programme a computer with the instinct that a trader has. I'm sure that in the future someone will prove me wrong, but as yet i've not seen it.

I actually now find trading so easy that I couldnt be bothered to automate it - trading is a numbers game - take enough of em and hold on to em when they win and you can't fail - all you need is time and money - both of which sadly most traders do not seem to possess. They want everything today in a hurry and don't have the funds to even trade with a long term conviction.

Trading is 'the long game' - that takes money and time. Thankfully I think that i've now found that out. I very rarely go below a daily chart anymore and that's where the real money is.

xmas eve

2008-12-24T10:03:00.003Z

Stops moved to be on all positions, might close out before close of business today and call it quits for the year.

Catch ya later if i make changes, if not MERRY CHRISTMAS!

2008-12-22T06:39:00.003Z

morning all, new week.

gbpusd kicked in, in the hole at the mo

NEW TRADE SHORT USDCHF @ 1.0997 sl 1.1235

NEW TRADE SHORT USDCAD @ 1.2155 sl 1.2255
Theres quite a few opportunities this morning but enough exposure at the mo.

Stay lucky

2008-12-19T08:32:00.001Z

New Trade (order) Short GBPUSD at 1.4865 if seen - expiry xmas eve 6pm

new trade

2008-12-19T00:11:00.001Z

NEW TRADE half position long audusd @0.6926 200 pip stop

that's it!

2008-12-18T08:06:00.003Z

USDCHF closed at 1.0700 for +1070 pips - nice one.

it may well continue to bollock down now however i think there will be sufficient profit taking around here to hold it up.

My little punt didnt give it enough roon, c'est la vie' as they say so -33 on that one

I'm not sure i'm interested in any more trades this side of Christmas but keep checking, im scalping shorts on gbpusd this morning for fun but won't be making calls.

scores on the doors are:

Closed Results +3433 Pips since Oct 23rd 2008.

This Month +859 Pips on closed trades

stay lucky

punt

2008-12-17T21:23:00.002Z

popping a punt on usdchf for the possible bounce also -

NEW TRADE long usdchf @ 1.0703 IF SEEN sl@ 1.0670 so only a 33 pip risk for a possible 600 pips ish trade if the bounce is significant. worth a punt if you ask me for a standard stake.

take profit level

2008-12-17T17:27:00.002Z

Normally i dont do 'take profits' cos i believe that you let em run.

however this move is a bit off from the norm so i'm placing a take profit at 1.0700.

Reason ive chosen that level is from the september lows - there is almost bound to be a bounce back retrace there and then i'll be looking to get back in.

That will be yet another 1000+ pip trade though - see what i mean about waiting your time. its currently at 1.0800 at +960 pips and i dont normally visit the blog at this time of day, but i thought i'd post the take profit decided upon so no nobhead can say 'yes, its easy in hindsight' when in fact it's easy no matter what!

catch you in the morn

midweek

2008-12-17T08:32:00.002Z

see, all good things come to those who wait!

usdchf now 600+ - 500 pip trailer is in place. lets see how far this will go.

of course chances are if you are an unseasoned trader you wouldnt have got this far - took your money early and spent the rest of this week kicking yourself.

another lesson then - patience is a virtue, especially in trading.

speak soon

new week

2008-12-15T09:26:00.002Z

New week then - the usdchf order to short kicked in Friday afternoon and is now 50 up. stop is at 1.2030

Nothing else interesting - been doing some scalping on cable to get the account back up - did about 80 pips on Friday and -11 this morning but feel free to ignore those - no way i could call them live!

Nothing else looks any use long term so i'm hanging off for maybe till the new year - very busy this end - did i tell you i'm a radio DJ?

Anyway, catch you soon

2008-12-11T09:36:00.002Z

GBPCAD failed - half position remember so -85 pips

Closed Results +2396 Pips since Oct 23rd 2008.

This Month -211 Pips on closed trades

this month is getting tedious - leaving the market for a few days.

have actually done a little short term trading this morning to get the account back up a bit but not listing them here cos not real time.

catch you soon when the market begins to move again

2008-12-09T09:01:00.002Z

shitstorm then - cad closed for the +33 pips, cadchf closed -146 pips, eurchf still running but looking a bit sick.

never mind.

Closed Results +2481 Pips since Oct 23rd 2008.

This Month -148 Pips on closed trades

nothing much interesting at the mo on the charts, 4 hour looks tempting for cable and might take a punt later when i'm out. also like this one

NEW TRADE shoirt gbpcad half position @ 1.8581 sl 1.8750

might be a fast one just to redress the balance for the month - cant see anything else.

Sunday night 7th dec 2008

2008-12-07T22:43:00.004Z

ok, update, sorry couldnt do this on Friday but was busy as hell.

eurchf stop was moved to 1.5425 which was hit and taken out for -100 pips.

usdcad went to over +500 at one point so the trailing stop kicked in (500 pip trailer) - stop is currently 1.2507 locking in an amazing 33 pips lol.

so far the month has done fuck all worth bothering with. some will be saying - "yes, but if you had taken say 200 pips on each trade then you would be well up now" and yes, i would - but i dont trade that way - all i want is one good trade a month that makes say 1000 pips and i'm made - to find that one trade takes some shit shovelling.

so far weve had lots of minuses for a couple of hunreds and a few wins which matches em up

Closed Results +2594 Pips since Oct 23rd 2008.

This Month -35 Pips on closed trades

I dont sit here all day watching the markets - I have other businesses that i'm in to and so only trade for prob an hour a day and then just leave em alone.

Now, usdcad could go for new highs and properley break the top - i'll be having a good look in the next day or so and might start moving the stop up closer -0 lets see how it unfolds. currently +250

I note that it's now 87p for a euro - thanks a bunch Gordon Brown you fuckwit. he thinks that a weak pound will spur the recovery from imports - oi thicko!! they don't have any money abroad either you thick scottish twat!

anyway,

NEW TRADE SHORT CADCHF@0.9574 SL 0.9720 -nice low risk trade - retrace from the downtrend on friday leaving it at a clearly identifiable resistance level to short.

another interesting one - even tho i got stopped out of this on Friday im back in

EURCHF short from the open on @ 1.5529 and a 100 pip stop - some serious resistance around here and i still see a downtrend so still worth a punt.

Nothing else interesting - stay lucky!

2008-12-05T10:01:00.001Z

cad stop to break even

Thurs 4 dec 08

2008-12-04T08:43:00.002Z

No change to existing trades, looks like cad is starting to move but i dont expect fast moves on this, might be in a week or so

got a funny feeling about usdchf - take a look at the monthly chart, it's actually a bearish pair overall on a retrace - interested to see if she breaks down so in anticipation im putting in an order at 1.7770 for short with an expiry next weekend.

there are a few more trades i'd like to take, however the market just doesnt 'look right' to me at the moment - i cant really find anything apart from nzdusd short that looks low risk and I just dont like looking at nzdusd at the mo.

so that'll do for now.

if you're thinking about shorting the pound then remember - sell the rumour buy the fact - i have a feeling this will be the play today and if i was around i'd buy cable just before noon with a tight stop - they are all expoecting another big drop - personally i dont think it will happen so a possible news fact trade there.

then again what the fuck do i know - just follow the money and you can't go wrong!

close

2008-12-03T07:48:00.002Z

eurjpy closed at +130 on stop

new trade made yesterday but losing so i guess it's alright to post

short eurchf @1.5325 stop at 1.5450

That's it - market still skittish, not that interested at present

Closed Results +2694 Pips since Oct 23rd 2008.

2008-12-02T08:12:00.002Z

new trade - long usdcad 1.2474 200 pip stop

stop change on eurjpy to 119.40

2008-12-01T22:17:00.002Z

-130 on gbpaud remember tho was a half position so -65 pips - also it's a 65% pair so risk was very low.

Eurjpy stop moved to 120.30 now a bet to nothing. Dont normally move em so fast but it might just go retrace tomorrow - can always get back in again around 121.50

Closed Results +2564 Pips since Oct 23rd 2008.

Keep an eye on eurchf. a retrace back to 1.5350 or higher tomorrow will see me consider an entry short.

gbpaud now looks good to short following the retrace back 400 pips - almost guaranteeed to drop back down and test those lows again. hmmm, will consider.

nothing yet tho, speak tomorrow

another

2008-12-01T09:24:00.002Z

ok, one more chancer then - half position on this as it's risk is higher

gbpaud long at 2.3600 stop at 2.3470

new chancer

2008-12-01T00:12:00.001Z

fancy a chancer on eurjpy tonight so gone short @120.70

theres a few i fancy but the markets skittish so this will do for starters

no trades

2008-11-28T08:46:00.004Z

EURAUD closed for -200 which might upset some people because at one point it was 300 up. Doesnt matter, as i said earlier you get periods of losers until the market takes off again but you have to give them the roiom they need under the current conditions you are operating in.

Lets not also forget that it's just a 66% pair (pip value is just65.90 per mio)

Nothing interests me now so i guess we might be settling here for the month

Closed Results +2629 Pips since Oct 23rd 2008.

That makes 1458 pips for November, That's a good month. 700 pips for me and 758 for the pot - always make sure you pay yourself, ive known traders with 1mio accounts that drive around in a battered ford and then go and lose a shitload - always take some out when you win.

Looking forward to December as it's often been a boom month.

Stay Lucky

2008-11-25T23:15:00.002Z

gbpchf closed for +70 buggar! too close on that stop move, but market is a bit changeable

euraud still running, in profit as i write but could go either way yet - no changes

Nothing else interesting at all - going to sit on hands a while

Closed Results +2829 Pips since Oct 23rd 2008.

2008-11-25T09:35:00.000Z

just a quickie this morning, stop on gbpchf moved to 1.8070

500 pip trailing stop applied to euraud.

have fun.

2008-11-24T21:58:00.003Z

closes.

Ok, some closes now then

usdchf closed on stop at 1.2140 for +320 pips. not bad from what i thought would be really crap.

usdjpy closed on stop at 96.52 for +112, poor performance from that trade.

gbpaud closed on stop at 2.3270 for -261 pips.

audusd closed on stop at 6450 for +112 pips.

gbpchf is still running with a break even stop and my little chancer from earlier tonight isnt looking good but we will see.

Overall this changes the pip count by +283 on closed trades

Closed Results +2759 Pips since Oct 23rd 2008.

for the sake of this blog i count a pip as a pip - but something for you to think about is wether all pips are created equal (ask George Orwell lol), which they arent. for a true pip count one would have to calculate the pip based on pip value per contract.

I'll explain this to you. A pip on gbpusd is worth $100 for each $mio traded. However on usdchf the same contract is only worth $83.70 and on gbpaud the price is $63.50. to get a true pip count in value one would have to multiply the pips made by the per contract price - so for example 500 pips on gbpusd is 500 wheras 500 pips on euraud is actually only 325 pips (500 X 0.65) amd another example is that -261 you see above is really -170 - lol, that'll keep you happy for a while.

Don't worry, i'm not going to change the count for this blog, but it might make you think to check the pip value when calculating the risk you are taking - a 300 pip risk on euraud for example is equivalent to a 195 pip risk on cable.

Interesting eh?

Anyway, bit of turmoil expected in the next few days so i think i'll be playing things a little light for a while and may just stay out of the market till something really juicy comes along. Check back tomorrow night for any news.

Be Lucky.

2008-11-24T19:41:00.001Z

lots closed today - full report later however

new trade, another low risk high reward trade - long euraud 1.9880 200 pip stop

just wanted to tell you - be back l8r tonight ot tomorrow morn

new week

2008-11-23T22:55:00.004Z

stop moved tp break even on gbpchf

stop moved to 0.9652 on usdjpy

stop moved usdchf 1.2140

new trade, bit of a chancer for big reward. long gbpaud 2.3531 stop @2.3270. potential risk / reward around 8:1 or more.

thats it, good luck :)

Closed Results +2476 Pips since Oct 23rd 2008.

changes

2008-11-20T22:28:00.002Z

A few changes then and a new trade

stop moved on usdchf to 1.2070

stop moved on usdjpy to 97.25

stop moved on audusd to 0.6450

USDCAD short order cancelled

NEW TRADE low risk stop - long gbpchf 1.8000 120 pip stop 1.7880

That's it for now :)

no changes

2008-11-19T22:11:00.002Z

no changesto report. almost getting tempted back short into cable but think it may just be some up and down for a while so leaving alone.

swissy now making some headway at +300, usdjpy still lagging as is audusd - all in positive though. happy to sit on my hands for a while and advise the same.

update - taking profits

2008-11-17T23:17:00.003Z

Ok, update time.

Cable closed on stop on both positions - this made +955 on one position and +565 on position two
a total of +1520 pips.

Closed Results +2476 Pips since Oct 23rd 2008.

Still running is USDCHF at +159 stop moving to 1.1870 to lock in some profit allbeit only a bit. Lets face it swissy has been shit.

Usdjpy still running also, moving stop on that to break even at 9764

audusd stop move to 0.6635.

everything looks ready to turn for a while so now holding back on new positions except for one - New order short USDCAD at 1.2080 IF SEEN 500 pips stop - order good till 7pm Friday.

everything else can wait a while

catch ya tomorrow

new week

2008-11-16T23:48:00.002Z

Sunday night always a bit of a nail biter - will it gap? will it go my way?

well it didnt gap and all still going as expected.

usdcad still setting up for a potential 'fool me' trade, would need to drop from here and then go to 1.1300, long signal would be triggered at that level. - I'll explain it i it comes off next week.

It wouldnt suprise me this week if we did see more of the falling pound but you never know, cable is ready for some serious retracing back to 1.56 ish to test that level that stemmed the third fall. so would need some good news to make that happen. all the ellioticians are saying it was wave five, or is it the b move etc etc.

take my advice - all that is bollocks. just follow price and give it room. just learn to manage risk and forget the direction you want to choose - far too much time is spent on your 'system' or decision. learn to manage risk and you'll do ok.

So funny last week seeing Gordon Brown talk about tax cuts, the one man that made taking money out of your pocket without you knowing it asks for tax cuts - amazing!

Funny thing is he's going to borrow money to try to buy himself out of a recession. - another 20 billion or so to give you in tax cuts so you spend it - why not just not give it out and save it you fucking moron.

Let me ask you a question; if you were in a deep hole that was leaking shit from below that kept getting bigger and bigger - what would you need to get out? a bigger spade and some more digging so more shit an come in?

What a twat.

end of week

2008-11-14T20:37:00.001Z

stop on cable moved now to 1.5025, swissy moved to break even cos it's shit. no other changes. all to run over thge weekend unless stops hit tonight.

have a good weekend all

update 2

2008-11-13T22:30:00.002Z

wow what a day!

cable now dropping like a nutcase - 500 pip trail now in the same place on both positions. actually saw 1300+ pips on pos1 today and over 1000 on pos 2.

swissy looking crap still and usdjpy made a mean retrace. got a feeling that might die before morning as my stop is 9840. it came within 10 pips today.

hoping cable continues, stop currently 1.5063 on both positions. would think that cable is due a strong retrace but hey, dont catch a falling knife!

if nothing else happens now i've made my money for November and still two weeks to go. Fill ya boots as we say :)

no change on audusd

That's it, catch you soon.

update

2008-11-13T07:52:00.002Z

Mornin'

Cable steaming ahead now - position 1 is +1105 pips, poition 2 +721 pips, both full positions. 500pip trailer is holdin the stop at 1.5320, bit too close for my liking really, would have preferred 1.5520 to stay above yesterdays range but then it was a large day. will leave the 500 trail in.

Swissy is holding up the rear tho not doing much, don't know sometimes why i bother with swissy but it's 106 up - not far enough to move the stop yet.

usdjpy finally made it's move also +230 as i write. stop remains at 98.40 so no locked in profit yet.

audusd now 160 up on yesterdays new position, stop moved to 0.6735.

that's it, nothing new i want to risk.

this then is typical of a daily chart trader - last week we lost a few hundred pips - cant remember how many but around 400-500 pips in several trades. then you find good ones and ride em like a cowboy on a bronco. cable has been in since the 3rd nov so 10 days already but remember that was my second bite at cable.

so my impressive +1400 in 2 days score went down to 900, but now looking at +2000 in open trades. Providing you trade small enough and manage your risk then you can make good money even at a few dollars a pip.

That's it, off for the day - hope you have luck.

Closed Results +956 Pips since Oct 23rd 2008.

Update

2008-11-12T08:42:00.002Z

Just my luck, gbpchf kept going! ahh well, can't win em all.

Cable now making it's money on two positions. Pos 1 is +600 and pos 2 +200 if 1.5250 goes we should be in clover for a while. stops moved to 1.5890 and a 500 pip trailing stop activated.

usdjpy isnt doing what i expect tho still hanging onto it - at the mo going from plus to minus hourly but still biased shorty. in fact i like it a lot so still chance to get in if you arent - stop is moved to 99.60

Swissy (usdchf) kicked in and is now long for small + numbers, stop remains at same level of 1.1670

New trade short audusd at 6562 stop at 7060 - that will make or break today or tomorrow.

that's enough trades in but for info a few 'fool me' trades are starting to setup. usdcad looks a good candidate - first a lift to a lower high, then a drop to 1.1300 to pull the suckers in short and go long at that level - classic 'fool me' trade if the lower high forms. there are quite a few of these setting up at the mo.

That's it for now, good luck!

Results +956 Pips since Oct 23rd 2008.

2008-11-10T08:01:00.002Z

all still chugging along.

close gbpchf @1.8500 +85 just dont like how it's going

new order on breakout

usdchf long @ 1.1820 if seen, stop at 1.1675

Results +956 Pips since Oct 23rd

fun time

2008-11-06T22:09:00.002Z

ok, market beginning to make it's move so some trades to take

lets update whats running to start with

gbpusd - 2nd position now in so stop on all now at 1.6125. first position is almost 400 up but still nothing locked in on profit, hopefully tomorrow night can lock some in

gbpchf still short stop at 1.8829 so no profits locked yet

New Trade - USDJPY short @ 97.64 stop @ 101.25

That's enough running for now., very tempted to go short audjpy with a 350 pip stop so if youve nothing running you might like that one, nice 1000 pip target minimum at 3:1.

anyway, catch ya soon

mistake

2008-11-05T23:12:00.002Z

not very often a mistake goes in my favor - didnt place the stop any trades so all still running.

no changes tonight

cable stop is 1.6425 and not 6125 as prev stated - the 6125 is on the new position if it kicks in @5590

sorry for the confusion

update

2008-11-05T07:58:00.004Z

usdcad died so minus 100 on that one.

Cable went from +380 to -125 and now back again, this is the thing with longer term trading, especially in volatile times - you have to be able to ride the dragon sometimes.

I'm now moving the stop on cable to 1.6125 which reduces my risk to about 150 pips ish. I'm also going to place a second position on in the form of a breakout order so short gbpusd @1.5590 if seen

new trade also short gbpchf @1.8584, may also add to this position if 1.8320 is broken. stop is at 1.8750.

Results +871 Pips since Oct 23rd

ps, canx audusd order

update

2008-11-03T23:07:00.002Z

cable off an running , currently +200

New order placed on audusd short if 0.6536 seen half position

taking a low risk long on usd cad with 100 pip stop from 1.1825 - potential is 12:1 rr so worth the risk.

chfjpy look interesting for a break below 8350 but got enough running now.

check back for update tomorrow