2006/11/16

Analyzing trades. November

I was analyzing November trades and got a bit confused, decided to create a table to be updated every time a trade is open/closed and link it from main page.

November trades:

Deal Date.TimeBuy.SellCurrencyDeal RateDeal Date.TimeBuy.SellDeal RateProfit
START TRADE CLOSE TRADE TOTAL
20
1.11.3.06 4:19 AMSellEUR1,2771
50
11.3.06 8:32 AMBuy1,2721
2.11.6.06 7:03 AMSellGBP1,8966-35
11.6.06 8:24 PMBuy1,9001
3.11.7.06 4:50 AMSellNZD0,6703-24
11.7.06 10:32 AMBuy0,6727
4.11.7.06 4:50 AMSellEUR1,2764-23
11.7.06 8:58 AMBuy1,2787
5.11.8.06 3:14 AMSellEUR1,277-30
11.8.06 4:07 AMBuy1,28
6.11.8.06 4:39 AMSellGBP1,908167
11.8.06 9:37 AMBuy1,9014
7.11.9.06 3:56 AMSellGBP1,907457
11.9.06 8:22 AMBuy1,9017
8.11.13.06 1:47 AMBuyEUR1,287-25
11.13.06 4:34 AMSell1,2845
9.11.13.06 4:36 AMSellEUR1,28449
11.15.06 5:11 PMBuy1,2835
10.11.16.06SellEUR1,281-26
11.16.06 8:30 AMBuy1.2836

One trade closed tonight. Another one Euro short just opened

Previous position update...

...Stops moved (trailing by hand): SL to 1.2835 TP - 1.2747

Stop lose hit point in point. That trade closed.
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New trade entered here:

11/16/2006 6:18:49 AM Sell EURO USD 1.281
SL to 1.2836 TP - 1.2747
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What i`m doing this month as a veritable forex loser trader:
The old adage "You have to have money to make money" is true. Without the necessary starting capital, i used taking too great risk in the past for too little reward. Now i`m considering my risk/reward profile for EVERY trade. Better FOR ME is a very close Stop Lose. Before counting my profits, considering first what i have to lose in the event the trade goes against me. Mean time i`m improving myself on a better Stop lose point calculation for every trade.
As a trader i`m in business for myself and i must proceed accordingly by preserving my capital.
Great quote about trader evolution to stick (don`t know its autor):

1. first you learn how to lose money
2. then you learn how not to lose money
3. then you learn how to make money
...most traders stay at (1.) and then eventually quit

I think i should mention some stats data: 10 November. No currencies traded today 62 pips - Euro long position closed by stop lose -25 pips + Forex markets another day in paradise 12 (with 3 earned pips on rollover) = 49 pips profit for November.
The updated trades score losers to winners up to now 6 / 3.

2006/11/15

Dollar bullish position

In my opinion my dollar bullish position is right one for this day, but euro has lost bit too less based on its crosses support, his decline not so much as other USD pairs.

Stops moved (trailing by hand): SL to 1.2835 TP - 1.2747

Monitoring eur crosses closest.

Profits to all! (impossible :-) )

Forex markets another day in paradise

Forex markets another day in paradise

No moves yet...
Well another day in paradise. Still alive the EUR USD short position from 13 Nov. It seems markets preparing something special here, let's see what the market will offer.
...Feels like yesterday was a flush before something more meaningful as many (not me) were hacked on the zig-zag.

Euro short position oppened at 1.2844Targets: Stop Lose - 1.2888 Take Profit - 1.2877 and bellow.

If 1.2800 broken and hold the stop will be moved bellow with 35 pips. IF i`ll be on time ;-).

Have fun!

2006/11/13

Euro long position closed by stop lose

11/13/2006 1:47:33 AM Buy EUR USD 1.2870
Stop Lose - 1.2845 Take Profit - 1.2935
As a test how Central Banks will behave on 1.2880 test. If 1.2840 not hold reverse. For the next 36 hours i`m USD bullish, usd had a decent recovery on friday pushing euro below 1.2850.
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Position closed by stop lose. (-25) pips here.
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New Euro short position oppened at 1.2844
Targets: Stop Lose - 1.2888 Take Profit - 1.2877 and bellow.

Have fun!!!

next 36 hours i`m USD bullish

11/13/2006 1:47:33 AM Buy EUR USD 1.2870
Stop Lose - 1.2845 Take Profit - 1.2935

As a test how Central Banks will behave on 1.2880 test.
If 1.2840 not hold reverse.
For the next 36 hours i`m USD bullish, usd had a decent recovery on friday pushing euro below 1.2850.