Saki's Forex Reversal Journal

Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Stop 111.96 -40
Short GBP/USD 1.86 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70
1Buy GBP/USD 1.8580 Exit 1.8660+80

Currently open trades:
1Buy NZD/JPY 69.31 Limit 72.89 Stop 67.70
2Buy USD/JPY 110.34 Limit 110.93 Stop 109.68
2Short GBP/USD 1.8831 Limit 1.8759 Stop 1.8870

I am a machine today. This is not about me, its just numbers on a chart.
 
Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Stop 111.96 -40
Short GBP/USD 1.86 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70
1Buy GBP/USD 1.8580 Exit 1.8660+80
2Buy USD/JPY 110.34 Limit 110.93 Stop 109.68-132
2Short GBP/USD 1.8831 Limit 1.8759 Stop 1.8870-78

Currently open trades:
1Buy NZD/JPY 69.31 Limit 72.89 Stop 67.70

I love stops, they keep me healthy and sincere. They also remind me that eventhough I have an expectancy of a wininning trade, it is, in the end, completely random.
 
Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Stop 111.96 -40
Short GBP/USD 1.86 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70
1Buy GBP/USD 1.8580 Exit 1.8660+80
2Buy USD/JPY 110.34 Limit 110.93 Stop 109.68-132
2Short GBP/USD 1.8831 Limit 1.8759 Stop 1.8870-78

Currently open trades:
1Buy NZD/JPY 69.31 Limit 72.89 Stop 67.70
1Buy NZD/JPY 68.40 Limit 72.89 Stop 67.70
 
Quote from sakimonohito:

Closed trades:
Buy USD/CHF 1.2245 Limit 1/2 1.2290 +45
Buy USD/JPY 112.35 Stop 111.96 -40
Short GBP/USD 1.86 Stop 1.8670 -70
Short GBP/USD 1.8660 Limit 1/2 1.8596 +64
Buy GBP/USD 1.8580 Limit 1.8648 +68
2Buy USD/CHF 1.2199 Stop 1.2165 -70
1Buy GBP/USD 1.8580 Exit 1.8660+80
2Buy USD/JPY 110.34 Limit 110.93 Stop 109.68-132
2Short GBP/USD 1.8831 Limit 1.8759 Stop 1.8870-78
1Buy NZD/JPY 69.3 Exit 68.55-76
1Buy NZD/JPY 68.40 Exit 68.55+15

Currently open trades:
None

Will scan the charts for some fresh setups. NZD/JPY isn't acting very strong.
More...
 
I've begun trading some oil setups on my forex brokers charts. It looks promising. Oil is behaving the way GBP/USD did 2 years ago. Very interesting charts lately.

For those of you wondering where i've been. Well, I have expanded my idea of trading and have been travelling and working in South East Asia. Vietnam is an incredibly interesting equity market now.

I now trade actual goods in addition to margined capital. I find the initial thrill of trading in the futures markets is every bit as real in the " real world". If anyone has the opportunity to trade goods in a physical market, I would suggest they take their trading psychology and see how much more opportunity their is in emerging "physical" markets.

I will try to post some oil trades and once I get my feed setup, I will show some local Vietnamese stock trades. It's like '99 here all over again. Incredible wealth has been created in the last 14 months, anyone curious about the markets here should do some DD, there are still opportunities in abundance.
 
I looked into the Vietnamese market a little more seriously regarding trading it. It seems the market is far too young for retail trading. It's actually one of the most easily manipulated markets I have ever seen.

A friend of mine tried to sell some shares on the market and his broker said to him, "If you don't need the money, wait until April when the real price will be marked up." He assumed this meant his broker has spoken to an insider. It turns out all brokers speak to their clients in this manner.:p

Even if it were a truly open market there doesn't seem to be enough liquidity anyways. There is no continuous trading like mature markets. They have two "fixings" a day and all orders are filled at these two prices. So there isn't really a trading session at all. Just a period of the day in which orders are registered on the exchange and a median price is made and that's it.

The exchange has a plan to move towards a real-time exchange this summer but with the indexes seemingly traded almost exclusively on insider information almost everyone is privy to, I wonder if they won't conveniently postpone these eqalitarian measures (I wouldn't dare refer to this as a free market!).

The story goes on...
 
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