Sunday, September 30, 2007

September Tally

It was a choppy month in august till mid sept, the carry trade appears to be ranging this month, G/U had few strong directional days but few of my trades were stopped by nasty reversals. Aud/usd and eur/usd made nice gains after the fed cut news release. In the end, im glad this month's total came up to +ve. Looks like the system is able to survive choppy days but still too early to tell. Will keep running test.

Mouteki = +350pips(+swap)
Fxovereasy = +455pips
Mike's(Gbp/Usd) = +40pips
Mike's95(Gbp/Usd) = +205pips
Mike's95(Eur/Jpy) = -31pips

Thursday, September 27, 2007

Near month closing

Nice movements were seen on gbp/usd today unfortunately i got on the wrong side since cable rallied against usd, order was triggered and went the other way. This is good for M60/95 since a directional move proved suitable for this system. Aud/usd made steady gains now trading at 0.88++, eur/jpy continued to move up and 2 hit Tp,1 closed manually (time expired)

Coming to end of September soon, still +ve

Result: -83pips

Wednesday, September 26, 2007

The need for automation

Eur/jpy broke out from its ranging levels today, net 95 pips. As for gbp/usd, there was enough movement to trigger both long and short orders. Made mistake on calculating daily pivot today(used wrong data) and orders were filled at 1 pip extra and to make matters worse, i was stopped out few pips more than my actual SL, damn slippages (-31-33), really hate my broker since they added those 2 extra digits. And ever since they added that, my tp was less 1/2 pips for my triggered orders!

Now back to where i started, fxovereasy gave valid entry. Still open, hopefully it turns out good!!

Result: -64pips

Tuesday, September 25, 2007

Where are the yen crosses going?

Yen crosses continue to go on ranging levels, this is enough to trigger eur/jpy orders and stopped on a rebound just few pips away from tp, ranging mode continues to haunt this system. Some nice movements were seen on gbp/usd since last week and manage to bag profits.

Coming to the end of september soon, hopefully itll turn up +ve :)

Result: +30pips

Monday, September 24, 2007

Monday blues

Gbp/usd went up during asian and early europe session, did not trigger my trade except for Mike's system and reached target profit now retracing back. Eur/jpy still in range levels so that did not trigger. Waited for potential fxovereasy signal but just no confirmation on a valid entry. I shall wait for tomorrow then.

Eur/usd stayed above 1.400

Result: +0pip

Friday, September 21, 2007

Good end for the week

Started slow on monday but this week closed with good profits. Both gbp/usd produced winning results and eur/jpy long and short was triggered for +50pip profit. No fxovereasy signals as i was out for the whole day.

3 more wins to clear Level 2.

Result: +30pips

Thursday, September 20, 2007

Eur/Usd above 1.4000

Looks like a rally against usd today, eur/usd finally broke out staying above 1.4000, eur/jpy and gbp/jpy kept staying in range levels not enough to trigger any entry. None of the orders for gbp/usd were triggered. Fxovereasy gave signal for 70pip profit, but i missed it. Good month so far on this system. As for my trades on mouteki, i think tp was hit on trade placed early this month but can't access my other terminal. Hoping it doesnt re-boot when i log in. Will have to confirm that.

Result: +30pips

Wednesday, September 19, 2007

Fed cut

It is expected that there will be a cut at 0.25% but it came out 0.50%, well the market loves surprises and everything vs the dollar shot up within the hour and US index fell yet again to another low. Major pairs vs dollar were consolidating today except for cable fell back below 2.0000 level. Eur/usd not breaking 1.4000 psychological barrier.

Looks like the carry trade gaining up a bit, lets see how it turns out tomorrow

Result: -30pips

Tuesday, September 18, 2007

Back at Level 2

Back at level 2 with +1 win, 7 more to go for next upgrade. Gbp/usd continues to sink. As expected, not much movement goin around today but both eur/jpy, gbp/usd on mike's method hit tp. Missed a 50pip profit fxovereasy signal, cant help it, had to leave my terminal.

Fed rate decision in a couple of hours, would love to stay up but i have an early interview tomorrow. Will this change the fate of USD and carry trade? will be interesting to see market reaction.

Anyways, it was a good day.

Result: +30pips

Monday, September 17, 2007

Nice day for Fxovereasy!

Japan was on holiday today, eur/usd & eur/jpy still ranging, aud/usd took a dip. Gbp/usd went below 2.0000, it did enough to trigger my short position then stopped out on a bounce only to continue sinking lower denying me of profits. Things not looking too good with this system past 2 weeks due to ranging conditions, Hopefully i'll get a positive total by end of the month on these systems. On with the testing!

Fxovereasy did give valid entries between US open and Euro close, caught 5 trades, all with profits! (22+43+44+52+98) Fed decision on interest rate tomorrow. Currently market expecting a 0.25% cut, probably be another ranging day tomorrow until news release. But then, who knows?

My real order did not trigger :)

Result: +0pip

Friday, September 14, 2007

Cable continues to slide

Eur/usd and aud/usd maintains consolidation mode today, price bouncing within S/R levels + juice was red most of the time and did not open any trades on these two pairs. Gbp/usd however dropped 70pips just after NY close early this morning within the first hourly candle. Entry was given for a short signal but the price never retrace for a trigger as it continues to slide and stayed down for rest of the day. Eur/jpy still ranging and again enough to trigger a short order and stopped giving me 3rd consecutive loss.

2 valid short entry signal given on Fxovereasy with gbp/usd, both profit (+36+82), best signal ive seen for a long time. Hope to catch better trades next week.

Result: +0pip

Thursday, September 13, 2007

Still undecided....

Eur/usd now in consolidation mode after a nice run up, same thing with Aud/usd. It appears like another breakout today but then pulled back. Ranging market continues to wreak havoc on M95 system, both Eur/jpy long/short orders were triggered and stopped, however gbp/usd finished with a profit with only the 3rd position stopped. Took a valid signal entry on fxovereasy, but not looking good at the moment as gbp/usd bounce back up. will let this one run for awhile.

Nice run of 30pip profits this week, 10pips away from last month's setback. Back to level 2.

Result: +30pips

Wednesday, September 12, 2007

Eur,Aud up while cable drops

Euro, aud continues to gain strength but gbp dropped back and continued moving within range levels. Moved above yesterday's high during asian session, this however was enough to trigger gbp long trade but not enough for tp and later stopped. Same thing happened to eur/jpy too, triggered then reversed to be stopped then continued up for rest of the day! Looks like still market undecided, hopefully theres a direction after 18th Sept. Its ok, always more waves to catch.

Im just glad today ended with a profit :)

Result: +30pips

Tuesday, September 11, 2007

Ranging with a touch of volatility

A busy day fpr Gbp/usd as it dropped during asian session and then gained momentum to push back up. Enough movement to trigger both my short and long positions on 95pip method just to be stopped out. Eur/jpy long position was triggered late and tp was within the hour. Eur/jpy getting better results as to Gbp/usd but will continue on testing. Nothing else on fxovereasy.

Result: +30pips

Monday, September 10, 2007

Not much movement

Prices did not move that much today, gbp/usd just touched friday's high then went back down. Just enough to trigger a trade and stopped within the hour. No valid signals given on fxovereasy.

Result: +30pips

Friday, September 7, 2007

Finally a breakout!

After weeks of undecisive movement, a breakout finally came today. Fxovereasy gave a valid signal 3 hours before NFP release, i decided to let the position open. Data came out weaker than expected, everything vs USD went up. Long positions were triggered and tp was fast. Fxovereasy net +110pips.

Will it continue moving in the same direction? that is for next week.......

Result: +0pip

Thursday, September 6, 2007

Looks like its still ranging

Market direction still undecided, looks like major pairs still ranging mode. There was a breakout yesterday but later came back up at the end of the day. Not too surprised, since its been this way for last 2 weeks. Only put in orders for daily set and forget methods, good thing it gave profits this week. im not getting any valid signals on Fxovereasy and trendfollower for many days, really tough to trade during these times. Staying out is probably the best option for me until theres a direction.

US NFP tomorrow, wonder if thatll shake things up.

Result: +30pips

Monday, September 3, 2007

1st week of September

September started off with a loss today. Holiday today in US, not expecting any movement and price still ranging. I just have my daily orders set. Triggered and was stopped out just before Euro session opened. Weird thing is my demo order did not trigger(same entry price). Ok, theres always tomorrow, more pips to come. Must move on.

Result : -30pips

Saturday, September 1, 2007

A no trade day

PC starting to reboot again and again, this is getting annoying. Really angry at computers right now. Can't even make my pivot calculations so it was a no trade for me today. Looks like PC heat problem is back to haunt me, an upgrade to a big-ass Coolermaster didnt help. Or is it my VGA card is acting up again? will have to sort this one out before tuesday.

Closed my demo system results for month of August, a total of +712pips. I would say results were awesome for a choppy month. A slight modification running mike's system, im going to add eur/jpy pair for test. Hopefully September will bring more pips!

Result: +0 pip