Garfield's Journal - Trading FX,Futures&Stocks

[tradergarfield]

bought 4 contracts cad dec futures at .9929, stop at .9895

 

[tradergarfield]

bought 8 contracts gbp dec futures at 1.6007, stop at 1.5890

 

[tradergarfield]

cancelling all open eur/gbp orders

 

[tradergarfield]

stopped out on the cad trade

loss on this trade = -$1360

total p&l so far = $10,985

 

[tradergarfield]

Long triggered on nov crude, bought 2 at 81.7 and 2 at 81.5, stops at 80.7 and 80.5, or taking profits at 83

 

[tradergarfield]

stopped out of long euro

loss this trade = -3037.5

total p&l so far = $7947.5

 

[Bernard111]

Quote from tradergarfield:

stopped out of long euro

loss this trade = -3037.5

total p&l so far = $7947.5

Did you know anything about Bernanke speech today, aka inflation vs. QE2?..
During the day you had the opportunity to liquidate above 1.41xx.

 

[tradergarfield]

Bernard1111-

Thanks for being the first person to reply.

I knew about the Bernanke speech, but I have found I trade better if I just ignore all the fundamental news, reports and speeches.

I thought 1.40 was an important enough level which they would defend. Also, my order to buy at 1.3995 was triggered on the way down. If I had 4 contracts open I might have taken half off over 1.41.

 

[tradergarfield]

Current Positions -

1. Long 2 nov crude at 81.7, 2 nov crude at 81.5
2. Long 8 dec gbp at 1.6007

Current Orders
1. Stop sell 2 nov crude at 80.7 and 2 at 80.5 or take profit on all 4 at 83
2. Stop sell 8 dec gbp at 1.5890

All other orders canceled

Profit on all closed positions so far = $7,947.5

 

[tradergarfield]

Bought 2 dec silver at 24285, stop at 23800