Again i was caught on a spike and stopped before gbp/usd went up. Not much movement on the other pairs, they kept bouncing up and down. US NFP data this friday.
Result: -30pips
Tuesday, October 30, 2007
Monday, October 29, 2007
Breakout day
Had some nice breakouts on few pairs today, it was a really choppy month for gbp/usd, most of the pair gained vs USD. Eur 1.4405, Aud now at 0.9200.
Now hoping this month will be closed at breakeven.
Result: +30pips
Now hoping this month will be closed at breakeven.
Result: +30pips
Thursday, October 25, 2007
October coming to end
Been really busy lately and not updating. No real direction on gbp/usd as this pair continues to move sideways. October is about to end soon, i can only keep on going sticking to my current system. Hopefully things come around in November and be able to make pips!
Result: -30pips
Result: -30pips
Monday, October 22, 2007
Bad Connection
Having problems with my internet connection today, took another loss today with gbp/usd goin down again. Nice breakout on eur/jpy that was tp and continues to outperform gbp/usd with this method.
Result: -30pips
Result: -30pips
Tuesday, October 16, 2007
Gbp/usd tanked again...
Gbp/usd today went up during asian session triggered long trade, dropped down 90 pips before release of UK CPI, triggerd short trade then now rebound, both recorded losses. Nasty reversals this month on this pair countinued pounding the system, so far worst result in 3 months. Im not abt to rule out the possiblity of applying this system on gbp/usd, will continue on with the test. Just that this month's direction on gbp/usd been in between ranging levels with high volatility. As for eur/jpy, it has out-performed gbp/usd now +400pips, Sept result at -31pips total. Will have to see until end of the month.
Result: -30pips
Result: -30pips
Monday, October 15, 2007
3rd Week of October
Nice breakout today on eur/jpy, yen crosses bounced back up this month since August. Eur/usd still within 1.40 - 1.42 zone, nasty movements on gbp/usd, and my breakout system again stopped before full profit gained. I would think this pair is still within its ranging levels. Nothing much happened during US session. Will close early today.
Result: +30pips
Result: +30pips
Friday, October 12, 2007
I'll take whatever i can get
Cable still moving within range levels but enough movement to trigger sell orders. Good thing tp was hit before it reversed back the other way! Not much movement on eur/jpy as it appears to be consolidating from yesterday's breakout so no trigger on that. So far this month, eur/jpy produced alot more results compared to gbp/usd. Been really quiet on fxovereasy lately, no valid signals for this month so far.
Result: +30pips
Result: +30pips
Thursday, October 11, 2007
Um, out of ideas today
Not sure what to report today, just a normal day of ranging price movement on cable. It did trigger sell order on a breakout but was stopped out before it went sliding down, already 3 similar incidents this month. Im thinking of deploying a test ranging method based on daily S/R calculations. As for Eur/Jpy, it was tp.
Usual trade did not trigger, better zero than losing money i always say.
Result: +0pip
Usual trade did not trigger, better zero than losing money i always say.
Result: +0pip
Wednesday, October 10, 2007
Will the breakout continue?
Nice breakout we had today, cable went up above 2.04 and aud/usd now hit 0.900-ish, it was full profit for all Mike system today. The carry trade seems to be gaining as well out of ranging levels. Now will this continue?
My real trade buy order did not trigger. I will keep cool. Nothing on fxovereasy too.
Result: +0pip
My real trade buy order did not trigger. I will keep cool. Nothing on fxovereasy too.
Result: +0pip
Tuesday, October 9, 2007
Monday: Japan/US holiday
It was a holiday yesterday, not much movement but choppiness. Cable broke down today tanked all the way back to 2.02-ish, short breakout order was trigger but was stopped before it continued to drop! 2 more wins to recover for this month.
Result: +30pips
Result: +30pips
Sunday, October 7, 2007
NFP Data
NFP came out somewhat better than expected, gbp/usd went down in the first 30 mins but rebounded back up to where it began. It was a good decision to stay out as i was already at a loss for the day.
Hopefully i get better results next week.
Result: -30pips
Hopefully i get better results next week.
Result: -30pips
Thursday, October 4, 2007
A choppy day
Gbp/usd went down earlier during Asian/Euro session but held on support before bouncing back for 100+ pips at the end of Euro session. This is enough to trigger my sell order short of 2 pips from tp then stopped. So close....back to breakeven for this week. Fxovereasy was abt to show a valid entry but the channels changed, so no trade. I'll keep trying tomorrow, friday, 1st week...alot of US data.
Result: -30pips
Result: -30pips
Wednesday, October 3, 2007
Uneventful day
Ranging days are back again, this played havoc on the system. Buy signal for today, order was triggered and stopped on the reversal. Sell order on gbp/usd was also triggered on news candle but the 3rd was stopped out, another reversal.
On with tomorrow.
Result: -30pips
On with tomorrow.
Result: -30pips
Tuesday, October 2, 2007
Ranging again?
Back to ranging mode i guess, pairs moving up and down with no real direction. I took the sell option on pivot calculation today, that was triggered but at an extra pip. Eur/Jpy trades werent triggered but gbp/usd to a loss on buy option.
Ending the day with profit is always good for me.
Result: +29pips
Ending the day with profit is always good for me.
Result: +29pips
Monday, October 1, 2007
October, here i come!
Here i am now, 6 months since i started my exploring forex market. Nice break today on yen crosses. Euro and Aud made nice gains too vs US dollar. Cable dropped since Asian open and now steadily gaining. Did not place buy orders on cable(had bad feeling!), true enough i would have been stopped out. Phew! Previous day low was too far, did not place that order too. Nothing on fxovereasy today.
My real order was triggered during US open and tp was hit, yay! Lets see how it pans out this month :)
Result: +30pips
My real order was triggered during US open and tp was hit, yay! Lets see how it pans out this month :)
Result: +30pips
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