Geoff's FX Journal

I'm an idiot...

AUD/JPY is bouncing off 87.7. Replace every 86 with an 87 and you might have a wee bit better tip. AUD/JPY bounced off 87.55 though, so this may not play out the same tomorrow...
 
November 24, 2005

Account Equity: $98,346
Unrealized P&L: $708
Net Asset Value: $99,054

AUD/JPY: Long 2 units.

Quiet day, AUD/JPY finally broke through 87.7. We'll see how the retracement goes.
 
November 25, 2005

Account Equity: $98,366
Unrealized P&L: $804
Net Asset Value: $99,170

AUD/JPY: Long 2 units.

AUD/JPY doing alright, I'll wait and see whether I should add another unit next week.
 
November 28, 2005

Account Equity: $97,512
Unrealized P&L: $1,332
Net Asset Value: $98,844

AUD/JPY: Long 3 units.
NZD/USD: Long 1 unit.

Starting to get interesting, just as the whipsaws were starting to wear on me (EUR/GBP, USD/CHF, USD/JPY all today!)
 
November 28, 2005

Account Equity: $97,542
Unrealized P&L: $1,224
Net Asset Value: $98,766

AUD/JPY: Long 3 units.
NZD/USD: Long 1 unit.

Boring day today, but you can't complain about boring if you're interest positive...
 
November 30, 2005

Account Equity: $97,576
Unrealized P&L: $2,170
Net Asset Value: $99,746

AUD/JPY: Long 3 units.
GBP/JPY: Long 1 unit.
GBP/CHF: Long 1 unit.
NZD/USD: Long 1 unit.

Added GBP/JPY and GBP/CHF on a big surge. AUD/JPY continues plodding upward...
 
December 1, 2005

Account Equity: $97,620
Unrealized P&L: $4,476
Net Asset Value: $102,096

AUD/JPY: Long 3 units.
EUR/AUD: Short 1 unit.
GBP/JPY: Long 1 unit.
GBP/CHF: Long 1 unit.
NZD/USD: Long 1 unit.

Good day. It's starting to feel like the system is gaining traction and gaining enough to start offsetting the whipsaw losses.
 
December 2, 2005

Account Balance: $97,666
Unrealized P&L: $6,472
Net Asset Value: $104,138

AUD/JPY: Long 3 units.
EUR/AUD: Short 1 unit.
GBP/JPY: Long 1 unit.
GBP/CHF: Long 1 unit.
NZD/USD: Long 1 unit.

Another good day. I'll have to agree with uninvited_guest though, I'll feel more comfortable when the unrealized P&L becomes realized P&L.
 
December 5, 2005

Account Balance: $97,824
Unrealized P&L: $8,138
Net Asset Value: $105,962

AUD/JPY: Long 4 units.
CAD/JPY: Long 1 unit.
EUR/AUD: Short 1 unit.
GBP/CHF: Long 1 unit.
GBP/JPY: Long 2 units.
NZD/USD: Long 2 units.
USD/JPY: Long 1 unit.

No whipsaws today. Very unusual for a Monday, based on experience in previous weeks. Unrealized P&L getting high, wouldn't mind locking in some gains, but the system is designed to cut losers short and let the winners run - so let them run I will.

I've hit a few risk controls. AUD/JPY is now loaded with the maximum number of units per cross, 4. I'm also short 8 units of JPY, the maximum individual currency exposure allowed by the system.
 
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