Now Let's Be Honest

OK, here is the question for the day. How many of you, honestly, thought to yourselves, "oh I guess, Blake blew it." or "the streak is over" or "He is insane" when you saw the 8% drawdown in one day? (actually dipped to about 12% during the night). Well I will have you know I was never nervous about all of those positions open at once. I just happened to stay up into the night and just got 4 hours of sleep, purely a coincidence, had nothing to do with my emotional state from trading... never doubted... never... Ok if you believe that send me $19.95 in a self addressed envelope and I will send you a deed to some beach front property in Arizona.

I don't like being in that many positions all at once. It makes me jittery. Thank goodness, once again, that I tend to follow rules. We did get a buy signal on the Gbp/Jpy which goes against the short Usd/Jpy signal. Probably just an indication of a very strong Gbp and a weak Usd, not necessarily a reflection on the Jpy. If you note the other quick postings you will see the other new trades.

I am tightening my stops a little more than I customarily do, primarily because I am tired and we are going into the weekend. I think all of these could still run after a breather but I need a breather too, not just because of trading but life in general.

So here it is, current standings, still soaring. Have a fantastic weekend.

Blake Young
Random Acts of Forex