Pipseer

Not to trade

2011-06-23T09:24:00.000-07:00

In addition to company earnings report and dividends, this entry shall serve as a reminder in the future that not to trade day/after FOMC meetings and Non-farm payroll report.

May trade update

2011-06-20T01:31:00.000-07:00

Took up a Put option on TGT at $3.55, stock price went down for last 3 weeks and hit strong support level. Macd turned bullish, and i closed the position for a 30% profit.

May 25th 2011

2011-05-24T09:09:00.001-07:00

Have shortlisted AMZN,APOL,BXP,CCL,CE for today. After few considerations, im going for BXP. Opened BXP(Put) at 6.80

NTAP/AON Trade

2011-05-05T05:25:00.000-07:00

Got into a CALL for NTAP trade at $4.90, price broke out and went sideways for next 2 weeks and since the rule is not hold a position more than 3 weeks. Closed it at $6.25 with profit.

Opened a call option on AON, few weeks of trading this stock was unable to make any movement and kept ranging. Macd indicator turned bearish so i decided to close before it hit my stop.

EIX/CL Update

2011-03-25T09:21:00.000-07:00

Did not get time to check on my trades lately, only to find out that CL bounce back up the put option hit SL and trade was out. As for Eix, its almost 3 weeks since i entered the trade and i will have to close this trade.

Trade Update

2011-03-09T20:01:00.000-08:00

Now holding 2 open trades: EIX Call & CL Put options. CL seems to be going the other way around and the momentum have gone bullish instead. EIX still on profit and i will wait for next 2 weeks.

Sbux, KMB

2011-03-03T09:53:00.000-08:00

Scanned a number of stocks today and found 2 potential ones: SBUX and KMB. After doing the calculation, risk/reward just not for me. So no trade.

Eix position is looking good so far with +1.8% change, im happy there =)

Pipseer & Options Trading

2011-03-01T05:02:00.000-08:00

Back in the trading business after a long absence. Currently working on Options Trading. Saw a nice entry setup(method B) on BA stock and took the May 70Call premium@$4.85 with SL@$3.80 roughly 20% risk.

Since this method does not apply any target value, but the system wont allow blank limit value so punched in $10 as my limit and let this one run 3-4 days and exit if it goes sideways.
Position Update: Stock went down tested the 22MA line then went past it on 2nd day of trading. Hit SL and position was closed, new to this program well now i know SL is working. Hey, thats what a stop loss is good for =)

Wanted to experience another Strategy(method A), since i could not find any better setups. Took the EIX Jul11 35Call@$2.75, Target $6.04 and SL of $1.98 which is off the recommended risk % value. Done for today.

Horrid start for the year

2008-01-31T17:29:00.000-08:00

Not a pretty start for 2008, market conditions were unstable and i was stopped out few times before closing in on profits. Final tally for January came down to -490pips.

Well, im not about to give up just yet. Since the past 6 months of testing gave me nice profits and still feeling confident about this trading plan.

January, 2008

2008-01-20T23:30:00.000-08:00

Been too long since I last posted, started new job and had to cut down on trading hours. M95 now on real account and results not looking good so far. Movements in the market going as choppy but most pairs did drop in price just that i was stopped out most of the time before it went lower.

Will see final results for this month.

Here we go...2008!!

2008-01-01T04:31:00.000-08:00

Havent been trading since xmas till new year, now business as usual. Eur/Jpy count for december, +55pips and +160pips for Aud/Usd. May year 2008 bring good fortune in my trades!

December US NFP data

2007-12-09T03:31:00.000-08:00

The usual first week of the month US data out last friday, it was awesome every pair made breakout moves and every single trade hit profit. :)

Result : +30pips

Going sideways

2007-12-06T05:12:00.000-08:00

We've seen nice breaking moves made by gbp/usd, as usual the spikes were nasty and took out few trades and ended up break even. Eur/jpy looks to be in ranging mode and orders werent triggered and most of time stopped out.

We shall be patient.

Result +0pips

End of November

2007-12-01T02:38:00.000-08:00

Havent been updating this space this month but still continue to place trade orders and testing methods. November seems to return nice profits on break-out system with all 3 pairs, Eur/Jpy,Gbp/Usd and Aud/Usd. A total of +689 pips for this month. Again, im very tempted to move over to this system for my real trades.

Result: +30pips

Slow week

2007-11-21T05:18:00.000-08:00

Been a slow week so far with not much movement, eur/jpy continue bouncing within range levels, but im happy with the results returned on this pair, so far +330 pips. Aud/usd is performing quite well with this method too. Im so tempted to port it over on real account.

System i applied on my real account continue taking losses plus tomorrow is a US holiday(Thanksgiving), would expect another slow day.

Result: -30pips

Selling continues

2007-11-16T15:59:00.000-08:00

The majors continue to go lower early Asian session, the system manage to bag a couple of profitable trades. Except on Gbp/Usd which spiked and stopped open position. This pair is as vicious as its cousin, the beast.

Ended this week with good results, looks like i'll be testing this pair with aud/usd, now working on a better money management plan.

Result: +30pips

Carry trade continue downward move

2007-11-15T06:14:00.000-08:00

The carry kept plunging today just like it did in July. Anyways, good for a breakout. System performing well during times such as this. All sell orders were triggered and profit except for eur/jpy. Now how long will this trend continue? more bad data seen on GBP and with the weakening dollar, i just need a directional move...choppy times sux!

Result: +30pips

BoE rate cut....gbp down

2007-11-14T06:58:00.000-08:00

All 60pip and 95pip method triggered today and hit target profit plus both buy and sell order on Gbp/usd were triggered. News of Bank of England rate cut in 2008 pulled the pair down. Unfortunately my real order was stopped.

Result: -30pips

Missed by 1 pip!!

2007-11-13T17:31:00.000-08:00

Not much movement today, looks like the pairs are taking a breather after 2/3 days of directional movement. Gbp/usd did retrace enough to trigger my sell order but missed by 1 pip on tp, eventually i was stopped. The rest of the system werent triggered.

Result: -30pips

Carry trade plunge yet again

2007-11-12T04:59:00.000-08:00

Monday opened low with 50pip gaps, my short orders werent filled except for eur/jpy and full 95pip profit within the next few hours and goin lower more than 100pips after tp!! Carry trade pairs continue to sink with aud/usd now trading at 0.88, gbp/usd unable to break 2.11 barrier last week, now back at 2.07-ish.

Looks like a strong directional move last few days, ive seen choppiness kill the system now time to get some nice results.

Result: +0pip

The Carry trade unwinds?

2007-11-09T20:33:00.000-08:00

Yen hit back today dragged down the prices, broke usd/jpy support level down to 110.60. Sell order was triggered and full profit locked in fast :)

Gbp/usd dropped today, closed at 2.0909 from 2.1161 high, following my trade plan, i manually closed remaining sell order as it expired. Fridays are always full of surprises, and never boring!!

So what will happen to the carry trade now? Weakening dollar, rise of junk bond spreads, lets see how it develops this month.

Result: +30pip

A Breakout day

2007-11-08T12:03:00.000-08:00

It was another awesome day with all trade methods hit full profits. There was a USD rally during early asian session, eur/jpy and aud/usd orders were triggered and tp was hit fast. Gbp/usd started slow and choppy hovering at its daily support level, then made a gain just after US session opens, managed to touch 2.1110 before going down again. This was enough to trigger my buy order and full profit hit was when it touched 2.1105 just before closing time.

Awesome!

Result: +30pips

Dollar pounded

2007-11-07T04:26:00.000-08:00

Gbp/usd today hit 2.1000, this pair has moved up from 1.9650 since August with alot of volatility. Looks like today usd took another round of beating against the majors. Now testing M60 with Aud/usd, today all 4 trades were profits. Hopefully the trend continues :)

Result: +30pip

Yikes!!

2007-11-05T23:36:00.000-08:00

Results for October:
M95 Gbp/Usd = -333 pips
M60 Gbp/Usd = -270 pips
M95 Eur/Jpy = +600 pips

Extremely choppy conditions on Gbp/usd wrecked the system!! The pair however, continued its bullish run vs usd but volatility was high and most of my trades were stopped out. I am going to remove gbp/usd from 95pip list and replace with another pair to test, possibly aud or eur.

Eur/jpy did well last month with +600pips, only been 3 months since im on this system and will have to continue on with further forward tests. Hoping to for a better month in November!!

Result: -30pips

One of those days again

2007-10-30T09:13:00.001-07:00

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

Breakout day

2007-10-29T08:54:00.000-07:00

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

October coming to end

2007-10-25T04:46:00.000-07:00

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

Bad Connection

2007-10-22T09:12:00.000-07:00

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

Gbp/usd tanked again...

2007-10-16T08:00:00.000-07:00

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

3rd Week of October

2007-10-15T05:53:00.000-07:00

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

I'll take whatever i can get

2007-10-12T12:50:00.000-07:00

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

Um, out of ideas today

2007-10-11T09:06:00.000-07:00

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

Will the breakout continue?

2007-10-10T07:37:00.000-07:00

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

Monday: Japan/US holiday

2007-10-09T06:06:00.000-07:00

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

NFP Data

2007-10-07T04:47:00.000-07:00

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

A choppy day

2007-10-04T09:16:00.000-07:00

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

Uneventful day

2007-10-03T08:56:00.000-07:00

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

Ranging again?

2007-10-02T08:08:00.000-07:00

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

October, here i come!

2007-10-01T11:24:00.001-07:00

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

September Tally

2007-09-30T10:06:00.000-07:00

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

Near month closing

2007-09-27T06:06:00.000-07:00

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

The need for automation

2007-09-26T12:01:00.000-07:00

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

Where are the yen crosses going?

2007-09-25T09:36:00.000-07:00

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 blues

2007-09-24T06:58:00.000-07:00

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

Good end for the week

2007-09-21T13:29:00.001-07:00

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

Eur/Usd above 1.4000

2007-09-20T06:19:00.000-07:00

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

Fed cut

2007-09-19T06:57:00.000-07:00

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

Back at Level 2

2007-09-18T07:03:00.000-07:00

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

Nice day for Fxovereasy!

2007-09-17T09:07:00.000-07:00

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

Cable continues to slide

2007-09-14T06:43:00.000-07:00

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

Still undecided....

2007-09-13T10:15:00.000-07:00

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

Eur,Aud up while cable drops

2007-09-12T08:43:00.000-07:00

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

Ranging with a touch of volatility

2007-09-11T10:45:00.000-07:00

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

Not much movement

2007-09-10T06:19:00.000-07:00

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

Finally a breakout!

2007-09-07T11:50:00.000-07:00

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

Looks like its still ranging

2007-09-06T06:13:00.000-07:00

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

1st week of September

2007-09-03T05:25:00.000-07:00

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

A no trade day

2007-09-01T03:14:00.000-07:00

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

No change in direction

2007-08-30T08:06:00.000-07:00

No change in direction yet, prices still ranging. My order did trigger but missed tp, then stopped. Spent the whole day trying out trend follower system, nothing on overeasy. Did not make any other trades. Maybe tomorrow i'll get better signals.

Result: -31pips

On having patience

2007-08-29T05:15:00.000-07:00

Prices were making nasty swings and turns for last few days making moves to previous highs/lows then turned around. I find it difficult for me to trade in this condition, so i shall wait and wait until a clear signal comes. Yeah, carry trade took another drop.

Only 1 signal on fxovereasy today, did jump in for a demo trade but ran out of juice, so i bailed. Continued my tests on other system, currently im set on:-
1) fxovereasy
2) Trend follower
3) Mouteki (4hr, +another indicator) - testing this, only expecting abt 3-4 signals a month

Result: +50pips

Staying out for today

2007-08-27T12:50:00.000-07:00

UK Bank holiday. Prices did not move that much today, it hiked up during asian session and stay in ranging zone for the rest of the day. Did not place any trades but just the usual set and forget methods im currently testing on demo. Still no clear direction where these pairs are going, i will stay sidelined until theres a clear movement, signals on overeasy werent clear either and not enough justification to take any trades, momentum is expected to be low during holidays and best i stay out for today.

Result: +0pip

Another no trade day

2007-08-23T05:55:00.000-07:00

Today the majors rallied against the dollar, price was already on the move and i was unable to catch any ride. Not willing to take any chances, i remained sidelined for the rest of the day.

As for fxovereasy, most of the time channel going the other way, less perky dots today and most of the time in opposite direction. Thats just saying, go out and get some fresh air.

Result: +0pip

No Trade day

2007-08-22T12:30:00.000-07:00

Looks like another day of nasty turns and swings with no real direction yet. I chose to stay out today. Just observed movements of the usual pairs. Towards end of US session, Gbp/usd and eur/usd moved up and might close high today.

Started another system recommended by a friend on demo today, based on daily data. Long order was triggered 30 mins before Euro session closed and stop loss of 30 pips did not survive, price then continued to hike up. Will post results when i figure out to manage this site.

Just changed the template with light colors, need positive energy!

Result: +0pip

Horrible day!

2007-08-21T12:42:00.000-07:00

Today's trades were bad. Got stopped out in every single trade entry even with valid signals. Market got active with nasty swings and turns, making it difficult for me to trade. This however, wiped last week's profit and put me back to starting point. Will continue hunting pips tomorrow.

Results: -121pips

Pretty much the usual

2007-08-20T09:46:00.000-07:00

Today was a typical monday, price went up and down with little momentum and stayed within range for the rest of the day. As for me, my orders were triggered on gbp/usd with profit of 30pips during early asian session. Another long was triggered on eur/usd but it kept ranging just -1pip short of profit, i decided to let it run till US session and was stopped out for -30pips.

No further signals as the channel remained narrow and most of the time going the other direction. A very nice signal came in on Aud/usd, every indicator was in line and i took it. Target was hit within 15mins for 30pips. End of the day back to a profitable one. Still 4 days of trading to go for rest of the week. More opportunities to come.

Result: +30pips

1pip too far

2007-08-17T09:44:00.000-07:00

After 6 days moving down i suspect a retracement is due, so there it was eur,gbp, aud moved up against usd today. Volatility was high today as price moved down during asian session and rebounded throughout euro and us session. Further spikes were seen when Fed released an announcement of a cut in discount rate. Will the risk aversion be over? have to wait till next week.

One short order was triggered during asian session closed on +30pip profit, another short order(eur/usd) triggered the start of euro session. Within the hour, it went down missed tp by 1pip, i was stopped out on rebound for -31pip(order got filled with different price)

Overeasy signal for long came up for eur/usd and i took it. Feeling satisfied with +20pip i decided to close just before US session. There wasnt any schedule on Fed announcement from my usual news site. Turns out eur/usd went up another 100pips!

im just glad the day turned out to be profitable one...been a good week, im thankful for that. Consistency was good on current systems. I plan to maintain that. Hope i get a good start next week.

Result: +20pip

Bears rule

2007-08-16T09:10:00.000-07:00

Good week for shorts! Trend continues to go down today, as reported on major financial sites, further carry trade liquidation going on full swing. Gbp/jpy hammered down to 223.82 and other yen crosses as well. Will continue to watch how far this carry trade unwinding goes. Havent been trading yen crosses after that last false breakout early this month. Aud/usd took a nose dive today, no retracement to trigger my order. As it tanked further.

Short order on Gbp/usd was triggered today for +30pip profit and overeasy gave a clear signal on eur/usd bagged me another 50pips. Halfway to next level.

Result: +82pips

Bears on the loose

2007-08-15T11:11:00.000-07:00

Usd continued to push other pairs down early starting from asian and thru euro session, my short orders were not filled as it did not hit my entry point, adding another day of no trigger. Couldnt find any entry points today, bears were already underway hitting gbp/usd to 1.9935, aud/usd 0.8239, eur/usd 1.3466,looks like last week's strong support level is now broken. Things not looking good for the carry trade as risk aversions still continues.
A lot of news data expected to be released during early US session, i chose to stay out. Never liked trading during multiple news release. One is already enough to stress me out! Data came out mixed, pretty much nothing happened.

Spent the rest of the day playing magic online and reading.

Overeasy did not show valid signals and channel were most of the time narrow. I shall remain calm during these times. Better zero than lose money.

Result: +0pip

UK CPI/RPI

2007-08-14T12:43:00.000-07:00

Overall movement still the same with the majors going down. Yens continued showing strength. No change on carry trade front. As for my orders, none triggered today. Better untouched than -30pips. Took a trade before release of UK CPI/RPI but didnt change to 20k lots, 30pip tp was hit few minutes after news. It came out weaker than expected. Rest of the day went slow and im not risking any further, better a missed opportunity than a wrong one.

Result: +15pips

A typical monday

2007-08-13T15:20:00.000-07:00

Things were slow as usual on Monday, most majors still holding at strong support levels. My long order was triggered and taken out with 30pip loss, bears were nasty and i got chewed up. Looking for short trades for rest of the day, i decided to take a trade on aud/usd, price short of 8pips from tp, decided to close it by end of Europe session for 10pip profit before momentum runs out. Eur/usd was a better trade. US data came out as expected, not much movement there.

On my test system, Overeasy didnt provide any signals. Channels were thin and most of the time going the other direction. Looking for better trades on Tuesday and rest of the week.

Result: -20pips

DING!! You have reached level 2

2007-08-10T05:41:00.000-07:00

A slow day today, my 2 orders werent triggered. Most pairs continued to move downwards and holding on strong support levels, i only looked for short trades today. Overeasy did gave a couple of signals for a nice profit.

TP was hit on Aud/usd at 0.8410 before went back up, and secured 20 pips for the day. After 22 days of trading under new plan, securing the last 9pips was enough to see me gain a level, allowing me to trade 20k lots and target for next level is 8 wins. Journey to $1mil truly begins, worked hard fr the 13 wins. Feeling good today :)

Result: +20pips, +1 level

Down,down,down!

2007-08-09T08:50:00.000-07:00

So much for the return of carry trade, yesterday it steamed-up 400pips, today took a nose dive back to where it started since 3rd. Together with yen crosses, eur/usd,gbp,usd and aud/usd joined in for a plunge. On the newsfront, no major news event for the rest of the week.

Today's results were mixed, actually made 5 trades all together. 3 wins 2 losses, +30+20-30-30+21. Price started moving violently 5mins before europe opens, good thing my tps were hit early and i spent the rest of the day reading. Things goin up and down too fast. Chose not to take further risk, id rather stay out when im not sure. Overeasy indicators showed 2 potential trades, usd/cad and usd/jpy but i did not take it, not too convincing enough for me(still new at this system), called it a day with a profit, short of 9 pips to level 2!! Looking forward reaching next level by end of this week.

Result: +11pips

Carry trade back in play?

2007-08-08T10:38:00.000-07:00

Is carry trade back in action? Yen crosses been bouncing within since monday, still no clear direction yet. Will continue to watch. Gby/jpy went up, i tool a long trade, waited for a break of down channel for an entry at 242.80, cable moved back up to 2.0370. Eur/usd and aud/usd made some nice moves as well.

Managed to close my short positions before the upmove. Overeasy did not give any clear signals, channels were in the opposite direction, juice most of the time red. Did not make any further trades.

Results: +52pips

FOMC Policy Decision, cable down

2007-08-07T07:11:00.000-07:00

FOMC rate decision is on later today at 14:15 NYT, this is also another major news indicator with potential pip movement of 100pips as detailed in my news guide. Crowd is expecting a no change in rates, as usual im not leaning towards any data but just the market reaction. We'll see how it turns out...

Gbp/usd moved the most among the majors today, went lower and now trading at 2.0197, closed my short positions on Eur/usd & gbp/usd for nice profits today. Market movement was better compared to yesterday and overeasy gave nice trade signals, juice turned red so early exit it is,+22pips. Noted down channel size, slope. So far, system rules are simple to follow, i actually like this one :)

FOMC rate decision: No change to interest rate, as expected. I'll skip on this one.

Results: +44pips

Slow start for the week

2007-08-06T08:51:00.000-07:00

Since punching in orders very early morning, i have to re-adjust my schedule on mondays. Orders werent accepted since market still closed during the weekends that i didnt get mine in. Been missing quite a last month, this i have to correct.

Things arent moving that much today and have kept between their channels, quite a number of reversals too. So i decided to keep my losses low and exit before i hit my actual stop loss.

Testing of overeasy system went ok, trying to learn as much as i could identifying the patterns, just that there isnt enough juice today. One thing clear is that there are times when not to take a trade, this is indeed helpful. 1(+35) win 2 loss (-30). Im still sticking to my daily target objective and trying out intraday systems as i go. Will look for other opportunities tomorrow.

Result: -16pips

Rain, thunderbolts & power failures

2007-08-03T02:00:00.000-07:00

US NFP news data out later today, considered to be a major monthly news release and spikes/volatility expected with market expectations on both sides, uncertainty...a no trade situation in my books. So far last 3 NFP ive seen hv mixed data and stayed clear of trading at those times plus its a friday. As for today 2 of my long orders were triggered, i might need to close my open positions before the news release. Prices are moving up/down in a narrow channel, quiet probably due to impending news release.

Heavy downpour and blackouts, will update further.

Closed open positions before News (-12+1pips). Data came out weaker than expected, everything vs USD went up, what a teaser....

Results: -11pips

I need to level up

2007-08-02T09:49:00.000-07:00

Was out for the entire day attending stock options preview, simply put, i would hv joined the course but it's just too expensive for me even when the crowd rushing to the back registering for discounts. Me?, just cant afford it at the moment. I admire the presenter, proven he's done it on stock option trading and now invested on properties continue to make millions. It is possible....(*The contender theme in the background*)

Euro,Gbp,Cad rallied vs Usd today. Gbp/usd still moving along its uptrend channel on my dailay chart, the beast as usual swinging wildly with no clear direction yet. Placed 2 orders for the day, but did not trigger. It's alright, i dont lose money either, all i need is 4 more profitable trades to gain next level(based on my money management plan). So far been bouncing up and down, i shall remain vigilant and seize the opportunity when time is right.

Backtesting several other intraday methods on demo, recommended by a friend called "Overeasy", 1 loss so far, short of 2 pips from tp!! good thing abt this system are the indicators, and no EMAs, something new to me.

Result: +0pips

Crazy price action!

2007-08-01T08:44:00.000-07:00

Orders were triggered today, 1 during Asian session and 2 during US session. Stopped out from eur/usd trade during US news release plus choppy price took me out 7pip extra from my SL as soon as it recovers!!!!

Managed to win back to make it a profitable day. On with tomorrow!

Result: +21pip

Another choppy day

2007-07-31T09:11:00.000-07:00

I guess the market is chillin since last 2 weeks. None of my orders were triggered yesterday, as for today i decided to take a trade on gbp/usd but was stopped out soon after the dip. Closed this month with $400, still a long way to go but its a start to recover real account balance. I find more manageable with this new 3 year plan and being an intraday trader. Must keep on being consistent.

Hopefully it turns out better next month!

Result: -22pips

Carry Trade Liquidation?

2007-07-28T02:41:00.000-07:00

Almost every financial site talking abt carry trade liquidation and risk aversion. Ever since the dollar rallied days ago, everything else took a deep plunge. Gbp/Jpy now trading at 240-241ish, even i have anticipated this, i didnt react to this opportunity. Just felt high volatility and price spikes are just too "hot" for me to handle, i chose another pair to farm, took several 20pip profit and that is all.

Shut off my PC, went out to watch few games of 40k and a drink. Relax during the weekend, come back on Monday and see how it turns out. Money comes easily and frequently, there are trade opportunities everyday...keep telling this to myself everyday.

Result: +85pip

No trade day

2007-07-26T10:51:00.000-07:00

It was expected the dollar will rally some time soon, and it did. Even with weak numbers on yesterday's news didnt have much effect. Finally, the beast broke trendline drawn since 15th Feb(daily), its been down for 5 days. Good thing i decided not to take any long positions(tempted!), as for cable, im still bias towards LT bullish, and a retracement was due, it had a good run since last week.

I didnt get into any trades because of uncertainty, things were moving too fast for me. Decided that it is best to be on the sidelines.

Result: +0 pips

Maintain course

2007-07-24T08:13:00.000-07:00

I find it easier to manage my account ever since i started smaller profit targets, thinking money comes easily and frequently, there are alwasys trade opportunities everyday. Applied the same method to demo account since recovered and at 100k lots(lvl 11), US dollar took another round of pounding today and i was able to grab some nice profits. 5 more profitable trades on real account to gain next level.

Eur/usd did not clear 1.3850, Cable kept creating new highs, beast bouncing and i feel it might drop next few days, closed all long positions on that pair, following my instinct.

Now to keep up with the consistency.

Result: +60pips

Range action

2007-07-20T05:51:00.000-07:00

Having problems accessing this site. Trading was good, cable now capped at 2.0555 and i have been buying at 2.0480 level and selling em. Today UK news came out better than expected, so far unable to break strong resistance at 2.0555. Alot of range bound action this week.

Result: +52pips

On with intraday

2007-07-17T11:52:00.000-07:00

UK news came out better than expected today. Cable(2.0457) and the beast continued goin upwards, the beast finally hit my target 250.00 and still goin, closed all 3 positions for nice profits(gotta luv rollovers). Demo account back to 5k with some extras.

As for my intraday thing, kinda bummed didnt get to ride the beast, was out the whole day renewing my road tax.

Result: +7pips

Nasty reversals

2007-07-12T12:20:00.000-07:00

Stopped out on 2 trades today, looks like eur/usd is in consolidation phase. Still picking out small profits but caught by sudden sharp turns(1-min chart!). Managed to bring down losses from $-55. Will have to look for other pairs, still not comfortable trading gbp/usd (still testing on demo), have to work this system until i can get the consistency right especially on timing, getting caught by reversals just sux.

on the plus side, additional rollover will bring my demo account back to 100% balance+nice profits. Wish that is true for the real account. Slowly working my way up. Reaally slow.....

Result: -15pips

The Chaos Theory

2007-07-11T09:30:00.000-07:00

I am now backtesting intraday methods instead of going for longer/bigger gains. Even with small targets still maintaining reward:risk ratio of 2:1, ive tested many scalping methods during first 2 months of trading and i found it difficult hard to use(ya, partly im a nub). It was too fast for me on 1-min timeframe and i can remember using java charts(sux!). Now, thanks to FXDD with their uber charting s/w, i find it easier to follow these intraday rules. This one have some sort of chaos theory in it, ok i love playing Chaos in WH40K.

This method uses AO(good thing FXDD hv em), volume indicator and 3 EMA setting to identify main trend, use it pairs with low spread like eur/usd or gbp/usd(brrr), not "the beast!". 3 days of testing gave result of at least 70% win, im ok with taking away 3-5pips, sometimes 10pips with 20 is my max target gain. Max stop loss is 10pips. Still doing more tests, especially when to or not to trade. Eyeing how usd moves also helps to estimate entry/exit.

Last nite, most yen crosses took a beating. Had my eyes on the usual pairs-gbp/jpy and usd/jpy.Beast found support at 4hr 38.2% chart, 400pip movement! usd/jpy went as low as 120.90, but looks like they have recovered to levels as of last week. A lot of trade opportunities, i only took few slices.

Another Friday

2007-07-06T00:53:00.000-07:00

Another friday, time flies. US NFP out later today, didnt create opportunities as with the last 2 NFP reports, so im just gonna do nothing. Plus i do not like to open positions on Friday.

Just have to wait and see.

Get on your surf board, bummer....

2007-07-05T04:53:00.000-07:00

News trade, havent been on news trade for weeks. BoE interest rate hike decision today, market expected a 0.25% hike to 5.75%, my plan for trading this news is simple. 6.00% long, 5.50% short and 5.75% no trade. Gbp/jpy been ranging for past few days and still waiting for direction. Maybe this might give a bit of a nudge.

Results came out as expected, price went bouncing with no clear direction yet. My call, no trade....so im chillin on the sidelines. Again, my demo account looks good, better rates now.

On to tomorrow, US NFP data and friday(boring!)

Its not always like in the books

2007-07-04T04:34:00.000-07:00

Not much movement after release of US data, as for Yen crosses it kept bouncing up and down, was stopped out from 3 trades. Even when valid entry signals came out and waited for more confirmation, market moves the other way around. It is just the way of things. Admit trade plan didnt work out, take losses and move on.

Coming to month#2

2007-06-29T03:12:00.001-07:00

FED decided to leave rates unchanged. Looks like Yen crosses starting to move up especially cad/jpy which propelled from 114.20 to low 117s, well oil price did go up last night and usd/cad had a breakout from its weekly ranging level.

A couple US data out later today, guess i'll wait for next week. On to month #2

Damn connection

2007-06-28T05:53:00.000-07:00

Yen crosses went up today since dropping 3 days ago. Is phase II here? i dont know, so ill wait. Closed all open positions and my internet is screwing up on me.

FOMC results up later at 0215. I just wanna see how that turns out.

Little strokes,fell big oaks

2007-06-27T02:09:00.000-07:00

I went in short on gbp/jpy on monday only to be stopped on a vicious rebound. Took another trade again on tuesday and closed 1 position for some profits. As for my remaining usd/jpy, decided to close it at 123.90 for some profits, went down now trading at 122.49. Most yen crosses are going down at the moment but still looking for a direction and i felt taking the short trade on monday was too early. This is ok as im testing my theory and slowly piecing together, and Phase I is now underway, lets see how it turns out until end of the week and for Phase II take shape next week.

Cable still hovering 2.0000 last few days and now have dropped to 1.9940, im off gbp/usd at the moment till further movements occur. Still have to work on equity, down but still alright. Recovering bit by bit as opportunity comes.

Result: +300pips

Look at the beast go!

2007-06-22T04:51:00.000-07:00

After a weaker than expected report was released slumped 40pips within first 3 mins settling at 114.90, The Loonie came back up to 115.70 area. Cable again testing 1.9950 resistance, will it continue its hike to 2.0000?

As for the beast, this monster stomped every single resistance level and now trading at 247.80. I like trading/watching this pair but a fearful aura clouds me all the time even when my entry signals appear. Have to be cautious with the beast as this 'thing' is known to catch traders off guard. It got me early this month....*ouch*

Slow friday today and did not make any trades. Just that one of my 2 usd/jpy trades hit limit at 124.10, im loving the rollovers. :)

Result: +93pips

The Loonie

2007-06-20T23:55:00.000-07:00

Cable made good runs last 3 days and wiped 1.9900 resistance after MPC minutes. Will it make it back to 2.0000? The beast however continued its way up to 246.50!! only made 1 trade, gbp/usd but position was triggered late and got a price at 1.9923(set at 1.9910) only to find myself in an uncomfortable situation to clear 9920 level, ended up 9940 till NY closes, and fell back to 9904 during asian session. Was stopped out at breakeven point. Ok didnt lose money.

Canadian retail sales report out later, so today im going to give cad/jpy another try, if the number comes out stronger. Long at 115.70, SL 115.38, Tp 116.30(prev high), hopefully no more blackouts today, it did again last night! twice!

Report came out weaker than expected, trade cancelled.

Sidelined again

2007-06-19T22:16:00.000-07:00

Did not open any new trades. Still following progress on the beast. UK news out soon, see how it turns out. Spent most of the time reading and plotting next move. Saw potential trade in CAD/JPY currently trading 115.38 to 115.43 area, long term uptrend, this pair hikes up then flats out. Canada CPI came out lower but indicated a strong move up, i like news trade, actually ive been waiting for this moment doing additional reading and drew an action plan. As the market was digesting figures, *tick* power went out. Entire neighbourhood was down, kinda depressed, poured in alot of work and effort into planning. Turns out it spiked up, returned to current price then ended up at 116.02. Abt 50pips.

It's alright, i slept it off and got over it. Always another trade opportunity, thats what i keep telling myslef last 2 weeks. On with the journey!

Another bad week

2007-06-16T10:39:00.000-07:00

Another rough week, couldnt find good entry points and only made 6 trades. Loss 5/6. Bad run for this week. The beast came back up and hit 244 level but closed high 243, and i once again find myself on the sidelines. Well, i still have alot to learn, hopefully still have enough funds in my account till i get it right. Gotta keep my mind focused.

Result: -90pips

Heading back for repairs

2007-06-13T04:37:00.000-07:00

The beast heading back up to 241-ish from its recent drop to 237.65 last week. As for me, not holding any positions this week. This will be 2nd week of my real trading, account not looking too good. Down but not out. As soon i tighten up a few bolts, i'll be right back in action.

Taking this opportunity for some time-off thinking what had gone wrong with the me/plan, devising an action plan and understand it further. Also to get some much needed rest. Will be out fr 2 days, some job in Sepang.

The beast slumbers

2007-06-11T03:41:00.000-07:00

Price didnt change that much, bounced 239.40/239.00 level. Retraced to fib 38.2% and went sideways, I'm no pro looks like a consolidation. Until it stirs, i shall remain neutral.

Hang on to your knickers

2007-06-07T13:01:00.000-07:00

Didnt have much time to write cause was too busy hanging on to my balls. The plan was to trade on gbp/jpy this week. Da plan, take a ride to 245 then head south. Gbp/usd didnt excite me too much, looks flat on my chart. It went as planned till tuesday. Every single trade i took was stopped and was thinking im not goin against its trend? which part of the plan i didnt follow? well, not every single plan is perfect and i sense something funky is goin on here. Losses were more than i can take for a day. Rather than losing more money i decided to turn off PC, not to trade, do something else.

Article came out on thursday, "Yen reversal - confirmed", hmmm. Also,news on BoE price hike. Read more articles, visit few forums then came up with a plan for today. Will long if uk data turns out upside then short(still on original plan) OR short if downside data. I like these technical analysts, they like using big words.

"Furthermore, if we see a combination of unchanged rates in the UK along with a sustained bout of Japanese yen strength, GBPJPY could break support, resulting in precipitous declines towards 239.00."

Precipitous, howd i pronounce that. Yeah i dont read much except for technical manuals and gametexts. Good thing theres dictionary.com. Damn, stopped out of eur/usd after news "N.Korea missile fired", a boost for usd. 2nd time ive seen this....

News time, rates were unchanged. It went down and hard. So i waited for my order to trigger.Took trade when it went below 4hr trend channel. It found support at 240.50, sigh, that was my entry point! price battling up and down, still hanging on and confident of the strong downtrend. It finally broke support and continued downwards. Alert came out "uptrend broken", the beast continues its rampage, rip and tear every single support level, what a monster. Good thing im not against it. Abt 400pips movement. settled down to 238.90(last i checked), from day high of 242.22, hit my target and exit. Managed to recover most of this week's loss. Phew!

One thing i experienced from the beast, i would want to get on its good side and never go against it. Ok, did not go as high as 245.00 but from 243.03 it did drop.
Things i learn this week:-
1. Survive first
2. Not everything goes according to plan
3. Gotta keep my cool, not do stupid mistakes when a trade goes bad.

Now, whatll i do next? 3 more weeks until end of month, still much to learn, alot more catching up and work to do. Quite a rough week.

Result: -200pips

Patience required here

2007-06-05T01:04:00.000-07:00

Waiting on the right price to enter gbp/jpy trade again. UK data should be out in 30 mins time.

Update: Went in too early as pair went down near 3rd support level. But rebounded. That was some nerve wrecking experience. Had i waited 1-2 hours more id fetch a much better price. As usual, my timing was off.