Thursday, February 28, 2008
I feel a little guilty because I didn't get yesterday's positions posted. It was a very very busy day. I did however take all of my trades. As such I had a nice winning day. To prove that I am not making this up, I have included the positions and an image of my account realized P/L and the unrealized P/L. My guilt comes from anyone that may have been trying to trade all of my trades.
The reason I feel very little guilt is because, as you can see here, trade signals are only good if you can execute on them... they are also only good if you understand how the signals are coming so you can trade them when the trade giver misses a posting. I also feel little guilt because the $$$$ are like salve to my guilt, it is hard to feel sad on a good trading day.
Sorry for the miss, I will strive harder to get today's signals posted later this afternoon.
Please also note that the positions in my account are 5 minis per position (the Eur/Jpy is 2 -5 mini positions). The gains posted today are rougly equivelant to seeing $330 realized P/L and about $290 unrealized P/L per mini contract.
Wednesday, February 27, 2008
I may get stopped out in the next few minutes on many of these trades as new home sales come out and as Ben Bernanke talks (adding volatility) but... here they are as is. We have given a few hundred back from last night but considering we had gained about $1000 (based on 1 mini) I am good with today's move so far.
Tuesday, February 26, 2008
Here is what we are looking at now. Eur/Usd limited out (could this be the break out?). Everything else is looking great. I am tempted to widen my profit targets (it is ok to widen limits not to widen stops) I will leave things alone for the next couple of hours but it was looking good so I thougth I would get hisupdate out. I will not be surprised to get a couple of additional limits in the next few minutes.
I read a new book over the past 3 trips. It is called Confessions of an Economic Hit Manand I must say it is one of the more compelling and intriguing books I have read in a long time. I am sure there is some embellishing that goes on in the book but I am also fairly sure that even though all of it didn't necessarily happen to the author, most if not all of it did happen to himself or colleagues. Very good book and definitely worth the read.
Here is the update from last night's positions. As you can see I am tightening all the positions stops, we are risking next to nothing of our account but we are risking about $500 if we include the profits gained from last nights'/this morning's move.
Depending on how the next hour orso goes, I may just take profits and call it a good day, many of these are next to resistance or support areas.
Monday, February 25, 2008
As you can see I have added a column to try to make this easier for me to track. If anyone wants to assist in tracking the results we can get these posted in a reasonable time frame. I am up a little for the last week but I am really liking what this week is looking like. We could see the channeling I feared would last 8-10 months come to a quicker end. I am personally watching for a short term break out in these channels against the dollar before a pull back to retest the top or middle level of these existing channels. Just a thought.