LiveFX Trades/Setups

Sat out most of the day as wanted to avoid EURJPY , AUDJPY and USDJPY with HUuBush Summit jsut didn't see the risk reward there - though Bob nailed those two pairs for over 50 pips!

Got a real nice Aussie trade off -2/8 on the second grab and nice previous Low Gann and figure spit on the EUR. Went a little early for the 20 spit play at the end and the rest of the day was sideways drudge.

I look forward to the volatility being orderly!

Plays oft he Day were on the Dax but where is Kelvin we ask the Dax maestro?

Profit = 18 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/20/2006 12:46pm Forex Sell EUR/USD 1.2318 1.2313 1.2312 -0.0006 Trailing Stop
04/20/2006 11:11am Forex Sell AUD/USD 0.7366 0.7361 0.7383 0.0017 80/20 Spit (F)
04/20/2006 11:00am Forex Sell EUR/USD 1.2293 1.2307 1.2307 0.0014 Trailing Stop
04/20/2006 10:40am Forex Sell AUD/USD 0.7392 0.7386 0.7385 -0.0007 Trailing Stop
04/20/2006 08:07am Forex Cover EUR/USD 1.2342 1.2347 1.2342 0 No Impulse Down
 
Friday ahead of G-7 IMF didn't plan to trade past the am with no big desks fully operational because of the thinness. Got quickly up 23 pips and only one more order which was a euro buy at 1.2316 in the afternoon and it went to .17/18 promptly back to .50 odd - been the story of the week :( Been nice overall though achieving the base average profitability.

2 moves from euro/dollar diversification - Rikksbank first then the Russian Central Bank - interestingly they were both perfect 80/20/Murrey set ups before hand - in otherwords you should have been long - why do I mention this? Well fundamentals advance technicals via what wave you are in - why we take the attitude of defending the position and letting the rest run - you never know if you are going to be the beneficiary of moves like this - you just want to be in the position where you give yourself the chance. What it doesn't mean is fundamentals override and technicals are bogus.

Sadly I was asleep on the first -2-8 Murrey Euro - though Bob ripped over 40 pips on it in london time. For Russia I had shut up shop for the weekend.

Have a great weekend - see you Monday all.

Profit = 23 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/21/2006 09:32am Forex Sell EUR/JPY 144.01 143.94 144.06 0.05 Impulse Stall (50%)
04/21/2006 09:31am Forex Sell USD/JPY 116.82 116.89 116.94 0.12 Figure Holding
04/21/2006 09:29am Forex Sell EUR/JPY 144.01 144.96 144.04 0.03 Impulse Stall (50%)
04/21/2006 07:31am Forex Sell EUR/USD 1.2308 1.2303 1.2311 0.0003 Trailing Stop
 
Today I just did a few trades - the Aussie Murrey/80/20 and the USDJPY -2/Fulcrum - had a few bids miss by a couple but was absolutely snowed under non trading wise - so had to take a back seat to most of the action and closed up early due to ANZAC Day.

What was pleasing was the stella trading by both Bob and Falcon in my time away - also very pleasing to see guys like Jimbo and Robin carving up.

We had a ton of new people on the virtual floor today which is very pleasing as it tells me we are doing something right at least. Had many questions about stochastics etc, big stops and expecting to learn it all in 45 seconds - no that is not what we are about -to answer them succintly;

1. We don't use latent indicators
2. We believe in tight Money management if that isn't suitable then we don't do the trade.
3. Successful trading is about developing a plan, learning it and being in control of oneself - that is an ongoing development.

Profit = 15 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/24/2006 12:34pm Forex Sell USD/JPY 114.54 114.58 114.57 0.03 Trailing Stop (50%)
04/24/2006 12:26pm Forex Sell USD/JPY 114.44 114.38 114.54 0.1 Fulcrum Spit (50%)
04/24/2006 10:01am Forex Sell AUD/USD 0.7432 0.7429 0.7428 -0.0004 Trailing Stop (33%)
04/24/2006 09:57am Forex Sell AUD/USD 0.7431 0.7426 0.7435 0.0004 Impulse Stall (33%)
04/24/2006 09:52am Forex Sell AUD/USD 0.7422 0.7417 0.7432 0.001 Impulse Stall (33%)
04/24/2006 09:26am Forex Sell AUD/USD 0.7444 0.7437 0.7436 -0.0008 Stopped out
 
A nice developing trading day - had some nice entries early but unfortunately great setups too close to economic releases so had to flatten - a key rule of mine. Patience was rewarded as the Euro collapsed and enabled me to play the 80/20 grid with Murrey twice leaving me up 61 pips.

Just traded the morning and had an interesting lunch and afternoon discussing strategy with the floor. Good to see some directional movement.

Profit = 61 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/25/2006 10:24am Forex Cover EUR/USD 1.2411 1.2417 1.2376 0.0035 80/20 Spit
04/25/2006 10:21am Forex Sell EUR/USD 1.2401 1.2395 1.2406 0.0005 Impulse Stall (50%)
04/25/2006 10:17am Forex Sell EUR/USD 1.2382 1.2378 1.2401 0.0019 Breakdown retested (50%)
04/25/2006 10:14am Forex Sell EUR/USD 1.2391 1.2388 1.2396 0.0005 No Impulse Up
04/25/2006 10:13am Forex Sell EUR/USD 1.2394 1.2389 1.2388 -0.0006 Stopped out
04/25/2006 09:52am Forex Sell USD/CHF 1.2644 1.2641 1.2645 0.0001 Close ahead of release
04/25/2006 09:47am Forex Sell USD/CAD 1.1317 1.1315 1.1325 0.0008 No Impulse Up
04/25/2006 09:19am Forex Sell USD/CAD 1.1344 1.1341 1.1339 -0.0005 Stopped out
04/25/2006 09:16am Forex Cover USD/CHF 1.2664 1.2673 1.2665 -0.0001 No Impulse Down
 
Well today was a day where a series of trades missed by 1 to 2 pips and though a managed to buy and sell DollarYen without 10 pips of the top and bottom I was stopped out within pips. Kind of out thought myself today.

Clearly I need work on the entiries as too many missing by 1-2 pips and this is effecting stop placement being too tight - a problem that has been tricky since the side movement that is only just starting to wake up.

What has worked well in the past is splitting the entry between 2 Murrey Levels - Bob has been using that to good affect the past few days and will look to do that on impulse grabs tomorrow.

Time to move away from the screens for the day :)

Profit = 5 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/26/2006 04:49pm Forex Cover EUR/CHF 1.5823 1.5827 1.5818 0.0005 No Impulse Down
04/26/2006 03:46pm Forex Cover EUR/CHF 1.5808 1.5817 1.5817 -0.0009 Stopped out
04/26/2006 03:30pm Forex Cover EUR/USD 1.2455 1.2458 1.245 0.0005 No Impulse Down
04/26/2006 12:39pm Forex Sell USD/JPY 114.64 114.57 114.71 0.07 Trailing Stop
04/26/2006 09:32am Forex Cover AUD/USD 0.7523 0.7526 0.7516 0.0007 Momentum Stalled
04/26/2006 09:30am Forex Cover AUD/USD 0.7523 0.7522 0.7516 0.0007 80/20 Spit (F)
04/26/2006 09:29am Forex Cover AUD/USD 0.7516 0.7523 0.7524 -0.0008 Trailing Stop
04/26/2006 09:25am Forex Cover AUD/USD 0.7522 0.7523 0.7524 -0.0002 Stopped out
04/26/2006 08:44am Forex Cover USD/JPY 115.25 115.34 115.32 -0.07 No Impulse Down
 
Again just traded a little and with all the new people spent a lot of time educationally. EURCHF was classic Murrey/80/20 most pleasing to pull 30 out of patience and discipline. Most pleasing trade though was the pure discipline on the EUR short from 43 to 37 early :) Turbo clipped that clinically.

Some nice reflex off Bernanke's dollar clarification - great alert by Jimbo on that - I am very pleased how the team from those that took the time to learn KnovaWave has come together. Bob and Falcon again great discipline - a pleasure to watch!. A few missed by a few pips today but makes a good week and can't compalin given we missed a few again by two pips - someone on the floor must have been down to the crossroads!

Profit = 66 pips
____________

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/27/2006 12:04pm Forex Cover EUR/USD 1.2515 1.2518 1.2506 0.0009 80/20 Spit (50%)
04/27/2006 11:57am Forex Cover EUR/USD 1.2533 1.2537 1.2515 0.0018 Impulse Stall (50%)
04/27/2006 10:41am Forex Cover EUR/CHF 1.5823 1.5822 1.5791 0.0032 Murrey -2/8 (F)
04/27/2006 09:56am Forex Cover EUR/USD 1.2437 1.2436 1.2436 0.0001 Trailing Stop (50%)
04/27/2006 09:40am Forex Cover EUR/USD 1.2443 1.2443 1.2437 0.0006 Impulse Stall (50%)
 
Typical choppy Friday before a bank holiday! Impulse continues on a third of a third on the EUR - unfortunately all the good entires long wise came around our flat periods around numbers.

Made some nice money on EURCHF and EUR today off classic KnovaWave setups.

Finished up to be a steady profitable month.

Have a great weekend!

Profit: = 41 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

04/28/2006 01:32pm Forex Sell EUR/CHF 1.5666 1.5665 1.5663 -0.0003 Trailing Stop (50%)
04/28/2006 12:48pm Forex Sell EUR/CHF 1.5648 1.5656 1.5666 0.0018 Breakdown retested (50%)
04/28/2006 12:38pm Forex Sell USD/JPY 113.73 113.68 113.73 0 No Impulse Up
04/28/2006 11:29am Forex Cover EUR/USD 1.2618 1.2628 1.2609 0.0009 Impulse Stall (50%)
04/28/2006 11:27am Forex Cover EUR/USD 1.262 1.2617 1.2611 0.0009 Impulse Stall (50%)
04/28/2006 11:26am Forex Cover EUR/USD 1.2634 1.2639 1.262 0.0014 Impulse Stall (50%)
04/28/2006 10:56am Forex Cover EUR/JPY 143.64 143.69 143.59 0.05 No Impulse Down
04/28/2006 10:54am Forex Cover EUR/JPY 143.59 143.64 143.6 -0.01 No Impulse Down
04/28/2006 10:51am Forex Cover EUR/USD 1.258 1.2583 1.2583 -0.0003 Trailing Stop
04/28/2006 09:21am Forex Cover USD/JPY 114.27 114.35 114.3 -0.03 No Impulse Down
04/28/2006 08:44am Forex Cover EUR/USD 1.2556 1.2559 1.256 -0.0004 Stopped out
 
So much for a quiet May Day - very thin but lots of movement - causing a lot of trades and discipline and application. Got wacked early on the EURCHF and then put the head down was surprised at the end of the day to finish up 116 pips to start the month. Which was pleasing on many fronts. Most of all was the plan, given the quick exits of failed trades for me and the Yen work.

Expect a choppy weak given the amount of overhead dollar shorts now and NFP Friday.

Was nice to be focused more on pure trading on the floor today.

Profit = 116 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis
05/01/2006 04:12pm Forex Sell USD/JPY 113.32 113.27 113.28 -0.04 No Impulse Up
05/01/2006 04:06pm Forex Cover USD/JPY 113.52 113.57 113.42 0.1 Momentum Stalled
05/01/2006 03:58pm Forex Cover USD/JPY 113.61 113.67 113.52 0.09 Figure Spit (50%)
05/01/2006 03:47pm Forex Sell USD/JPY 113.48 113.56 113.66 0.18 Breakdown retested (F)
05/01/2006 03:45pm Forex Sell USD/JPY 113.47 113.53 113.62 0.15 Momentum Stalled
05/01/2006 03:25pm Forex Cover USD/JPY 113.48 113.58 113.48 0 No Impulse Down
05/01/2006 03:24pm Forex Sell EUR/USD 1.2577 1.2576 1.2592 0.0015 Breakdown level
05/01/2006 03:23pm Forex Sell EUR/USD 1.2592 1.2598 1.2588 -0.0004 No Impulse Up
05/01/2006 03:18pm Forex Cover USD/JPY 113.32 113.39 113.3 0.02 Impulse Stall (50%)
05/01/2006 11:15am Forex Sell EUR/USD 1.2627 1.2626 1.2626 -0.0001 Trailing Stop (50%)
05/01/2006 11:15am Forex Sell EUR/USD 1.2623 1.2621 1.2627 0.0004 Impulse Stall (50%)
05/01/2006 11:14am Forex Sell USD/JPY 112.76 112.86 112.96 0.2 Figure Spit (F)
05/01/2006 10:26am Forex Cover EUR/USD 1.2653 1.2657 1.2648 0.0005 Figure Spit (50%)
05/01/2006 10:07am Forex Cover USD/JPY 112.76 112.82 112.69 0.07 No Impulse Down
05/01/2006 10:05am Forex Cover USD/JPY 112.71 112.75 112.77 -0.06 Stopped out
05/01/2006 09:36am Forex Cover EUR/USD 1.2678 1.2684 1.2674 0.0004 No Impulse Down
05/01/2006 09:18am Forex Cover EUR/USD 1.268 1.2684 1.2678 0.0002 80/20 Spit (50%)
05/01/2006 09:17am Forex Sell USD/JPY 112.44 112.47 112.55 0.11 Momentum Stalled
05/01/2006 09:13am Forex Sell EUR/CHF 1.5602 1.5596 1.5594 -0.0008 Stopped out
05/01/2006 09:13am Forex Sell EUR/CHF 1.5617 1.5609 1.5607 -0.001 Stopped out
05/01/2006 06:15am Forex Cover USD/JPY 113.43 113.23 113.16 0.27 Figure Holding
 
A day of just simply great entries and exiting horribly -market just couldn't get in a Rhythm or at least I couldn't find the Rhythm today.

Will look to play AUD tomorrow after RBA - some set ups there but wanted them done and gone.

Oh Maria where were you today?

Profit = 2 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

05/02/2006 02:31pm Forex Sell EUR/JPY 142.96 142.91 142.92 -0.04 Stopped out
05/02/2006 11:10am Forex Sell USD/JPY 113.22 113.16 113.23 0.01 Trailing Stop (50%)
05/02/2006 11:00am Forex Sell USD/JPY 113.17 113.13 113.22 0.05 80/20 Spit (50%)
05/02/2006 09:38am Forex Sell EUR/GBP 0.6877 0.6871 0.6877 0 Trailing Stop
05/02/2006 09:24am Forex Cover USD/JPY 113.63 113.67 113.55 0.08 No Impulse Down
05/02/2006 09:14am Forex Cover USD/JPY 113.57 113.63 113.65 -0.08 Trailing Stop
 
Today I pretty well concentrated on patience through the corrective wave giving us perfect 80/20 and Murrey Math setups for quick profitable trades with minimal risk - waiting for the perfect setups to execute on. The last USDJPY trade perfect as it was 80 spit at Murrey +2 infortuantely I cut out early to grab a bit for only 13 but Falcon milked another 18 pips! Pleasing after yesterday missing and out of sync - avoided the Euro and was pleased with the result.

Profit = 32 pips

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis

05/03/2006 02:26pm Forex Cover USD/JPY 113.76 113.73 113.73 0.03 Trailing Stop (50%)
05/03/2006 02:17pm Forex Cover USD/JPY 113.86 113.93 113.76 0.1 80/20 Spit (50%)
05/03/2006 02:05pm Forex Cover USD/CHF 1.2358 1.2367 1.2354 0.0004 No Impulse Down
05/03/2006 02:04pm Forex Sell EUR/USD 1.2627 1.2631 1.2631 0.0004 Momentum Stalled
05/03/2006 11:21am Forex Cover EUR/USD 1.2635 1.2637 1.2635 0 No Impulse Down
05/03/2006 10:17am Forex Cover USD/JPY 113.66 113.73 113.55 0.11 Fulcrum Held (F)
 
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