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Long CL @ 67.60. S/L @ 67.42.

Stopped out on RTY. Remember that I told you that I would offer you an explanation why I removed the first S/L? I went into this short RTY trade thinking that it was highly probable that President Trump would not extend the exemption on the steel and aluminum tariffs for the European Union...

S/L lowered to 1560. Short HG @ 3.0730. S/L @ 3.0770.

I removed my S/L today. Most of the time I do not do this. I made an exception to my rule today. I will offer an explanation after I am out of the trade. RTY @ 1541.8. Trades for April 2018

1. I never bothered to figure out what my profit factor is after all these years. I figured that since I have no ambition of handling other people's money, then I don't need to know. Maybe we can figure that out when the population size of my trades in this journal is large enough. 2. I...

Analysis of the Week: USD/JPY I assert that the fall from 118.66 of December 15, 2016 to 104.63 of March 22, 2018 was minor wave 2, and that USD/JPY is in minor wave 3 going up. We were in a combination wave pattern that featured 2 x-waves. What has changed to cause minor wave 3 to unfold...

Trades for the Week Ending 4/27/2018

Short RTY @ 1560. S/L @ 1565.

Stopped out. Loss = 20 pips.

Long GBP/USD @ 1.3925. S/L @ 1.3905.

Stopped out.

HG @ 3.1340. S/L raised to 3.1200.

Stopped out. Long HG @ 3.1200. S/L @ 3.1100.

Short HG @ 3.1150. S/L lowered from 3.1225 to 3.1150. Going forward expect an update at the end of the New York trading session as I am busy focusing on the market through out the day. I hope that you understand.

What is it about trading that you like? When I was young, I enjoyed playing chess. All modesty aside, I was a good chess player. In 9th grade, I won the tournament for my high school chess club. After my family moved to a new city when I was in 10th grade, I joined the chess team for my new...

Light Sweet Crude Oil Analysis (CL) I propose that the move from 66.56 on April 17 to 69.55 on April 19 is minuette wave 1. CL has trouble clearing 68.66 even after the meeting of OPEC and non-OPEC producers in Jeddah, Saudi Arabia on Friday, April 20. Could CL be overbought? If 68.66 is not...

As for EUR/USD, it has been in a minute wave 4 since January 25. The wave pattern is a combination. See my graph below. Do you see both x-waves? The good news is that we will probably be out of minute wave 4 soon. Rarely are there three x-waves. Currently, we are in minute wave c going...

Regarding USD/CAD, I contend that the move from 1.3124 on March 18 to 1.2526 on April 17 is minute wave 2, which retraced more than 61.8% of the move from 1.2249 to 1.3124, which is minute wave 1. Minute wave 2 was an a-b-c zigzag pattern. I am cautiously bullish on USD/CAD as I believe that...

Let he or she who has never taken a loss, throw the first stone.

It is a good thing that I have read "Mastery: The Keys to Success and Long-Term Fulfillment" by George Leonard.