OK That was a very ugly start for the week. We definitely have another OCT. 2008 on our hands. I started out by clearing out several 1L trades. I am somewhat surprised that the AUD is dropping so quickly but I guess the Chinese economy is slowing down worse that we are being told. I decided to bring my DD back under 20% so closed out aud/usd, chf/jpy, usd/chf, eur/gbp. I did some 1L and 2L closeouts. I will continue to take out these pairs if price doesnt show some restraint soon. That took about 7% of my account size and used half of my Sept. profit to do it. But things are where I want them to be now account wise. If things go bad I stay within my rules. I will continue to monitor the market but I may do what I did last year. Just close out my trades and sit for a couple of months or just do euro sells. If I do that now I will still keep some of my summer profit. I did have 11 trades do 300 pips in profit yesterday. I will see if the BOJ or someone will try to intervene. If that doesnt happen soon that is what I will do. I stay with my philosophy of using profit to close out losers but if it gets close to my original amount of funds I will close out. I wish I could just hedge everything and come back in two months dang regulators.
aud/cad
aud/jpy
aud/usd
cad/jpy
chf/jpy
eur/gbp
gbp/usd
nzd/jpy
nzd/chf
usd/cad
usd chf
(TO 4H) stands for turned on 4H EA
Recovery trade report
Monday Easier to descibe as percentage loss of 7%
Tuesday
Wednesday
Thursday
Friday
Total for the week -7%
aud/cad
aud/jpy
aud/usd
cad/jpy
chf/jpy
eur/gbp
gbp/usd
nzd/jpy
nzd/chf
usd/cad
usd chf
(TO 4H) stands for turned on 4H EA
Recovery trade report
Monday Easier to descibe as percentage loss of 7%
Tuesday
Wednesday
Thursday
Friday
Total for the week -7%