My real time forex trades

TMcKenna · Aug 30, 2006

Short eur/jpy 150.33 one lot, will add higher one more at 151.0 area if seen today, should be good scalp

TMcKenna · Aug 30, 2006

Quote from TMcKenna:

Short eur/jpy 150.33 one lot, will add higher one more at 151.0 area if seen today, should be good scalp

Still waiting for 151.00 to short second lot, come on people buy this crap I need some help here

TMcKenna · Aug 31, 2006

Quote from TMcKenna:

Short eur/jpy 150.33 one lot, will add higher one more at 151.0 area if seen today, should be good scalp

Closed short at 150.21 for +12pips
My plan didn't work, it never got to 151.00

TMcKenna · Aug 31, 2006

I guess this is it for August, I don't think I'll trade before NFP tomorrow unless something really tempting comes up.

Total pips for August: +287
Total trades: 5
Wining trades: 5
Losing trades: 0

TMcKenna · Sep 4, 2006

Long usd/cad 1.1059 first lot. I will add one more lot lower if we see 1.0950 area. This pair is now almost 5000 pips down from the highs (not very long time ago mind you) and for patient people should make good long term trade. Everything below 1.09 will be as good as gold to go long. Also, Bank of Canada might become nervous at those levels, strong cad is trouble for most populous provinces of Ontario and Quebec (most voters live there

) so canadian government (controls central bank by the way) will not allow on-par exchange rate as some people dream.

JimmyJam · Sep 4, 2006

Quote from TMcKenna:

I guess this is it for August, I don't think I'll trade before NFP tomorrow unless something really tempting comes up.

Total pips for August: +287
Total trades: 5
Wining trades: 5
Losing trades: 0

Pretty good trading TM, pretty good trading.

The thing is, most traders are visual, so just reading the text isn't really going to tell folks too much.

Would mind posting charts to aid us in undertstanding your thinking?

They don't have to be your charts mind you, just A CHART to give us a point-of-reference.

Best,

JJ

TMcKenna · Sep 4, 2006

Quote from JimmyJam:

Pretty good trading TM, pretty good trading.

The thing is, most traders are visual, so just reading the text isn't really going to tell folks too much.

Would mind posting charts to aid us in undertstanding your thinking?

They don't have to be your charts mind you, just A CHART to give us a point-of-reference.

Best,

JJ

Hi JJ,
I really use simple stuff to help me enter the trade (supp. res. trend lines, stock, adx ...), but that's only 50% of what makes up my mind, the other 50% is just gut feeling and price action.
It might sound dumb but that's how I do it.

TMcKenna · Sep 6, 2006

Shorted eur/nok at 8.1969 one lot only, no stop loss for this trade, I will decide later wether to add more or use stop.
Just take a look at daily chart, stock, rsi and all other toys, it says overbought to me....

TMcKenna · Sep 8, 2006

Quote from TMcKenna:

Shorted eur/nok at 8.1969 one lot only, no stop loss for this trade, I will decide later wether to add more or use stop.
Just take a look at daily chart, stock, rsi and all other toys, it says overbought to me....

Shorted second lot at 8.2541

Avg. short now 8.2255

TMcKenna · Sep 8, 2006

Quote from TMcKenna:

Long usd/cad 1.1059 first lot. I will add one more lot lower if we see 1.0950 area. This pair is now almost 5000 pips down from the highs (not very long time ago mind you) and for patient people should make good long term trade. Everything below 1.09 will be as good as gold to go long. Also, Bank of Canada might become nervous at those levels, strong cad is trouble for most populous provinces of Ontario and Quebec (most voters live there ) so canadian government (controls central bank by the way) will not allow on-par exchange rate as some people dream.

Closed long at 1.1197 for +138 pips,

I never got my dip bellow 1.10 :mad:

the profit would have been even better. The reason for closing the trade is not that I don't believe in longs any more, but just don't want to hold any positions into the week-end.