LiveFX Trades/Setups

Just a few trades at market extensions before Murrey +/- 2/8 and 80/20 Fulcrums - No follow through - + 21 pips on the two trades.

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

02/09/2006 04:23pm Forex Cover USD/JPY 118.88 118.95 118.81 0.07 Trailing Stop
02/09/2006 10:06am Forex Sell USD/CAD 1.1446 1.1439 1.146 0.0014 Close ahead of release
 
Just a few trades todayas the gapping seen mid morning got out of our risk parameters on a wild thin jittery Friday as pre-Olympics nerves hit the market. Profit of just 4 pips on the following trades.

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

02/10/2006 11:00am Forex Cover USD/CHF 1.3027 1.3034 1.3035 -0.0008 Stopped Out
02/10/2006 10:42am Forex Sell EUR/USD 1.1938 1.1937 1.1953 0.0015 Fulcrum Spit (F)
02/10/2006 09:27am Forex Sell USD/JPY 116.97 116.91 117.02 0.05 Trailing Stop
02/10/2006 08:56am Forex Sell USD/JPY 117.23 117.17 117.15 -0.08 Stopped Out
 
Quote from billyhunt:



8-2%20EUR%20MM%20+-2-8%20pennant%20KnovaMind%20LiveFX%20Chart.gif
More...

HAHAAHAHAHAHAH

DOOOD THAT CHART!
 
Only found two trades today - and 10 hours apart with all the thinness that was the US session - sans traders today it seemed. Profit of 31 pips on those.

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

02/13/2006 07:27pm Forex Sell USD/JPY 117.41 117.46 117.6 0.19 Breakdown retested (F)
02/13/2006 10:48am Forex Sell EUR/USD 1.1897 1.1891 1.1909 0.0012 Momentum Stalled
 
A day of missed opportunities - the C Waves I missed by a pip or two on the initial spits - so we saw a market wanting to buy Euro's on the breaks - tomorrow Bernanke's first big show and an important Crude Inventory number.

Barely scraped away with 6 pips today.

Happy Valentine's Day all :P

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

02/14/2006 06:53pm Forex Cover EUR/USD 1.1924 1.1917 1.1911 0.0013 Breakup level
02/14/2006 02:06pm Forex Cover EUR/USD 1.1901 1.1899 1.1899 0.0002 Trailing Stop
02/14/2006 11:36am Forex Cover EUR/USD 1.1903 1.1907 1.1908 -0.0005 Stopped Out
02/14/2006 10:46am Forex Cover EUR/USD 1.1884 1.1888 1.1888 -0.0004 Stopped Out
02/14/2006 09:19am Forex Cover EUR/USD 1.1869 1.1869 1.1869 0 Trailing Stop
 
Chatting today a topic came up about getting to a level where you can make money from this market. The key is to and understand the concepts of risk - the whole psychology of it.

The first bit is admitting to yourself I &^^* up! Which you have done and secondly then saying ok if I am going to do this I am going to learn.

Today is a very good example - very volatile and my risk profile remember is flat into numbers/reports and take high probability set ups - today my first 4 trades all losers (CHF was a beast today) 8 trades today - so basically flat to small down so far.and I have not traded all this market because of the volatility - yes some great opportunities but this volatility quickly brings gambling in as opposed to trading - Ed Seykota - who I think is one of the true masters was big on cutting your size down or watching from the sidelines when it gets wild - I am sure Bernanke's speach action would fall into that category. :)

Today's morning trades:

Open:
02/15/2006 11:15am Forex Buy EUR/GBP 0.6823 0.6821 Murrey -2/8 (F)

Closed:
02/15/2006 10:48am Forex Sell EUR/USD 1.1892 1.1886 1.1898 +0.0006 Figure Holding
02/15/2006 10:25am Forex Cover USD/CHF 1.3050 1.3054 1.3040 +0.0010 Trailing Stop
02/15/2006 10:14am Forex Cover USD/CHF 1.3056 1.3061 1.3049 +0.0007 Momentum Stalled
02/15/2006 09:46am Forex Cover USD/CHF 1.3056 1.3062 1.3061 -0.0005 Trailing Stop
02/15/2006 09:42am Forex Cover USD/CHF 1.3049 1.3058 1.3058 -0.0009 Trailing Stop
02/15/2006 09:14am Forex Sell USD/CHF 1.3052 1.3046 1.3047 -0.0005 No Impulse Up
02/15/2006 08:42am Forex Cover EUR/USD 1.1912 1.1916 1.1917 -0.0005 Stopped Out

The other key be patient - don't expect to win all the time.
 
Quote from billyhunt:

Chatting today a topic came up about getting to a level where you can make money from this market. The key is to and understand the concepts of risk - the whole psychology of it.

The first bit is admitting to yourself I &^^* up! Which you have done and secondly then saying ok if I am going to do this I am going to learn.

Today is a very good example - very volatile and my risk profile remember is flat into numbers/reports and take high probability set ups - today my first 4 trades all losers (CHF was a beast today) 8 trades today - so basically flat to small down so far.and I have not traded all this market because of the volatility - yes some great opportunities but this volatility quickly brings gambling in as opposed to trading - Ed Seykota - who I think is one of the true masters was big on cutting your size down or watching from the sidelines when it gets wild - I am sure Bernanke's speach action would fall into that category. :)

Today's morning trades:

Open:
02/15/2006 11:15am Forex Buy EUR/GBP 0.6823 0.6821 Murrey -2/8 (F)

Closed:
02/15/2006 10:48am Forex Sell EUR/USD 1.1892 1.1886 1.1898 +0.0006 Figure Holding
02/15/2006 10:25am Forex Cover USD/CHF 1.3050 1.3054 1.3040 +0.0010 Trailing Stop
02/15/2006 10:14am Forex Cover USD/CHF 1.3056 1.3061 1.3049 +0.0007 Momentum Stalled
02/15/2006 09:46am Forex Cover USD/CHF 1.3056 1.3062 1.3061 -0.0005 Trailing Stop
02/15/2006 09:42am Forex Cover USD/CHF 1.3049 1.3058 1.3058 -0.0009 Trailing Stop
02/15/2006 09:14am Forex Sell USD/CHF 1.3052 1.3046 1.3047 -0.0005 No Impulse Up
02/15/2006 08:42am Forex Cover EUR/USD 1.1912 1.1916 1.1917 -0.0005 Stopped Out

The other key be patient - don't expect to win all the time.
More...

Raise the EURGBP stop to .6828 offered - trades .6833/4 here - was a 20 spit and -2/8 MM so nice techs will try and see if can run and out pretty straightforward from set up
 
Choppiest day I have seen today for a long time was down 24 pips and managed to come back to be +13 = hard day's work today.

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

02/15/2006 01:58pm Forex Sell EUR/GBP 0.6823 0.6821 0.6831 0.0008 50 ma (F)
02/15/2006 12:22pm Forex Cover EUR/JPY 140.21 140.29 140.15 0.06 Momentum Stalled
02/15/2006 10:48am Forex Sell EUR/USD 1.1892 1.1886 1.1898 0.0006 Figure Holding
02/15/2006 10:25am Forex Cover USD/CHF 1.305 1.3054 1.304 0.001 Trailing Stop
02/15/2006 10:14am Forex Cover USD/CHF 1.3056 1.3061 1.3049 0.0007 Momentum Stalled
02/15/2006 09:46am Forex Cover USD/CHF 1.3056 1.3062 1.3061 -0.0005 Trailing Stop
02/15/2006 09:42am Forex Cover USD/CHF 1.3049 1.3058 1.3058 -0.0009 Trailing Stop
02/15/2006 09:14am Forex Sell USD/CHF 1.3052 1.3046 1.3047 -0.0005 No Impulse Up
02/15/2006 08:42am Forex Cover EUR/USD 1.1912 1.1916 1.1917 -0.0005 Stopped Out
 
Wow the silliness continues with failed breaks and jumpiness the order of the day (not to mention a rumored accidental 4 billion EUR sell) This is classic corrective wave action and difficult to trade with a lot of conviction - only dramatised by thin markets. Result profit of 13 pips after a choppy start.

Have a great long weekend

Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis
02/17/2006 12:04pm Forex Sell EUR/USD 1.1901 1.1899 1.191 0.0009 Trailing Stop
02/17/2006 12:03pm Forex Sell EUR/USD 1.1901 1.1899 1.1906 0.0005 Momentum Stalled
02/17/2006 12:02pm Forex Cover EUR/USD 1.1918 1.1907 1.1903 0.0015 Figure Spit (F)
02/17/2006 10:33am Forex Cover EUR/JPY 141.23 141.29 141.22 0.01 Trailing Stop
02/17/2006 10:19am Forex Cover EUR/JPY 141.04 141.11 141.11 -0.07 Stopped out
02/17/2006 10:18am Forex Cover EUR/USD 1.1904 1.1911 1.1907 -0.0003 Stopped out
02/17/2006 09:14am Forex Cover EUR/USD 1.1871 1.1878 1.1878 -0.0007 Stopped Out
 
You must log in or register to reply here.
Back
Top