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.
Thursday, November 13, 2008
Wednesday, November 12, 2008
Update
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.
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.
Monday, November 10, 2008
Thursday, November 06, 2008
fun time
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
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
Wednesday, November 05, 2008
mistake
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
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
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
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
Monday, November 03, 2008
update
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
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
dead
euraud dead - minus 400 pips but half position so -200
Cumulitive Results +971 Pips since Oct 23rd
order placed to short cable at 1.5970, apart from that standing aside for a while
Cumulitive Results +971 Pips since Oct 23rd
order placed to short cable at 1.5970, apart from that standing aside for a while
Friday, October 31, 2008
new trade
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
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
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.
Saturday, May 03, 2008
Delta 7 Gains 21% for April!
The Delta 7 managed account has produced superb results for April 2008 continuing the account highs for another month.
March losses were smashed and a great gain on top - this often happens after losing months.
Expected shocks in the banking sector did not happen and as such we had smoother runs without opposing forces changing direction and shaking us out of trades.
The average gain of managed accounts this month under Delta 7 was 21% This would show as a gain of $21,000 on a standard 100k account. This gain is based on conservative leverage of just 3:1 which is within most clients comfort zone.
For 2008 the returns so far are 30.5 % gross compounded one of the best available in the forex sector
Delta 7 is still available as an investment vehicle which is operated under a personal POA document and tended to individually. This means that the program can be tailored to suit your level of risk/reward comfort level.
For full information on the program or if you have specific questions then just contact me.
Soultrader.
email managed "at" simpleforexsystems.com
skype: search for 'soultrader desktop'
Friday, April 04, 2008
Managed Accounts - March
Before the managed accounts report just to let you know that there is now a voice chat room for serious traders who like a bit of company during the trading day. - hope to see some of you in there http://squawkbox.ivocalize.net/
A lot of people lost their shirts last month. Hedge funds crashing all over the place, Banks in meltdown, Bear stearns almost going to the wall etc and many traders have been unable to manage risk and are in big trouble.
Delta 7 made a small loss in March of around 7%. The volatility in the markets gave us trends to make money but that same volatility often triggered our safety stops. In a strong trend our stops remain untouched but these moves although strong also have opposite moves just as strong. as such we were unable to ride these trends and instead opted for safety and avoid excessive loss.
This is the first loss on Delta 7 since May 2007 and so is not to be viewed as a system problem.
Figures above based on 3:1 leverage.
Leverage can be customised to fit client risk appetite for an illustration
of various risk levels please email
Please email me managed@simpleforexsystems.com for full details should you be interested in managed accounts.
A lot of people lost their shirts last month. Hedge funds crashing all over the place, Banks in meltdown, Bear stearns almost going to the wall etc and many traders have been unable to manage risk and are in big trouble.
Delta 7 made a small loss in March of around 7%. The volatility in the markets gave us trends to make money but that same volatility often triggered our safety stops. In a strong trend our stops remain untouched but these moves although strong also have opposite moves just as strong. as such we were unable to ride these trends and instead opted for safety and avoid excessive loss.
This is the first loss on Delta 7 since May 2007 and so is not to be viewed as a system problem.
| | 2004 | 2005 | 2006 | 2007 | 2008 |
| J | | 2.0 | -2.7 | 9.3 | 6.7 |
| F | | -7.2 | 12.0 | -3.4 | 7.7 |
| M | | 12.4 | 9.1 | -10.3 | -6.1 |
| A | | 6.3 | 10.6 | -1.6 | |
| M | | -6.1 | 22.7 | -7.0 | |
| J | | -2.1 | 3.3 | 0.3 | |
| J | | 22 | 13.9 | 0.6 | |
| A | 3.2 | 1.8 | -4 | 9.8 | |
| S | 13.5 | 10.3 | 11.3 | 11.8 | |
| O | 5.1 | -6.3 | 13.8 | 0 | |
| N | 1.4 | 6.6 | 9.1 | 7.6 | |
| D | 9.0 | 5.0 | -11.1 | 5.6 | |
| Tot | 36.4 | 49.8 | 126.8 | 22.3 | |
Figures above based on 3:1 leverage.
Leverage can be customised to fit client risk appetite for an illustration
of various risk levels please email
Please email me managed@simpleforexsystems.com for full details should you be interested in managed accounts.
Monday, March 03, 2008
Managed Forex Accounts Update
Sorry for the lack of updates of late. Just been so busy with stuff like signing up with a new capital management company in the states etc.
Account wise i didnt do so well in the back end of 2007 - there were no large losses or anything, just no good gainers. November had a single digit percentage loss and december had very small losses also.
Cyborg was not performing as expected and so I took the decision to reccomend my clients to move the account onto my more successful and sedate Delta 7 programme before it eats away at the gains from August.
Delta 7 has much more historical trading and is my 'workhorse' trading method. Until recently i was tied to using this only with a single investment house in the USA but have since negotiated the right to place my own clients on the programme.
This past month Delta 7 produced 7.7% gain on the month which is about average for the method traded at a modest 3:1 leverage.
Please email me managed@simpleforexsystems.com for full details should you be interested in managed accounts.
Account wise i didnt do so well in the back end of 2007 - there were no large losses or anything, just no good gainers. November had a single digit percentage loss and december had very small losses also.
Cyborg was not performing as expected and so I took the decision to reccomend my clients to move the account onto my more successful and sedate Delta 7 programme before it eats away at the gains from August.
Delta 7 has much more historical trading and is my 'workhorse' trading method. Until recently i was tied to using this only with a single investment house in the USA but have since negotiated the right to place my own clients on the programme.
This past month Delta 7 produced 7.7% gain on the month which is about average for the method traded at a modest 3:1 leverage.
Please email me managed@simpleforexsystems.com for full details should you be interested in managed accounts.
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