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Plutonite's Live Journal

  • #1
  • First Post: Sep 14, 2007 2:04am Sep 14, 2007 2:04am
Hi folks!

I've wanted to do this for a while, but considering my terrible lack of discipline in keeping count of what I've lost or gained or eaten per day, I used to think it would be meaningless to do this. I will try to do my best however, to post as much as possible what I am doing. Not all of these trades will be for real money. I will not discuss entry/exit reasoning here either, this will be done in discussions in the trading room forum and elsewhere. My "trading manual" outlines some methodologies I use to judge the market, but for market sentiment and price action (the 2 biggies) just read the group threads. You're going to have to trust the stars I'm afraid

The purpose is mostly to keep real-time track of what I'm doing and for other traders to compare trades. If you are a newbie looking for signals, please note that some of these trades are experimental, and I take no liability in any losses whatsoever you may incur (though maybe a nice bite off your profits, you little sh**s!) . See the nice warning sign on the thread title? That's right, it doesn't stand for lethal gases.

With this friendly introduction let me conclude by thanking turbokaos and steviet for their journal inspiration, and merlin+team for giving us this wonderful platform of information-echange. Also, I love you all in a bad way.

Wish me luck,
Ahmed
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #2
  • Sep 14, 2007 2:11am Sep 14, 2007 2:11am
Hello Ahmed,

I'll be looking forward to read from your journal. I wanted to wish you luck, but well, traders don't deal much with luck. So...well, lets get the pips rolling.

salam,
jest
  • #3
  • Sep 14, 2007 2:14am Sep 14, 2007 2:14am
Quoting jest1081
Hello Ahmed,

I'll be looking forward to read from your journal. I wanted to wish you luck, but well, traders don't deal much with luck. So...well, lets get the pips rolling.

salam,
jest
Thanks jest!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #4
  • Sep 14, 2007 2:20am Sep 14, 2007 2:20am
Before the first trade, I will use the pips I made this week as a starting point for accounting. (U) means currently-unknown when referring to Take Profit or Stop Loss

New signal today (still open):

B USDCHF @ 1.1836 TP 1.1950 SL 1.1842 (+26)
====================
Current Open Total: +26

Monthly Total : 450
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #5
  • Sep 14, 2007 2:40am Sep 14, 2007 2:40am
Another one opened (I was short GU yesterday also, now re-opening on bearish price action)


New Trades:

S GBPUSD @ 2.0189 TP 2.0115 SL&Reverse 2.0217
===================

Other Open trades:

B USDCHF @ 1.1836 TP 1.1950 SL 1.1832 (+15)
===================

Current Open Total: +15

Monthly Closed Total: +450


Quoting Plutonite
Before the first trade, I will use the pips I made this week as a starting point for accounting. (U) means currently-unknown when referring to Take Profit or Stop Loss

New signal today (still open):

B USDCHF @ 1.1836 TP 1.1950 SL 1.1842 (+26)
====================
Current Open Total: +26

Monthly Total : 450
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #6
  • Sep 14, 2007 10:37am Sep 14, 2007 10:37am
So.. 1 trade TP overnight:

S GBPUSD @ 2.0189 TP 2.0115 SL&Reverse 2.0217 (+71 pips)

=========
New Trades:
=========

S EURUSD @ 1.3875 TP 1.3800 SL 1.3901
B USDJPY @ 115.10 TP (U) SL (U)

=========
Other Open trades:
=========

B USDCHF @ 1.1836 TP 1.1950 SL 1.1832 (+53)

=========

Open Total: +53
Monthly Closed: +521


Good luck.


Quoting Plutonite
Another one opened (I was short GU yesterday also, now re-opening on bearish price action)


New Trades:

S GBPUSD @ 2.0189 TP 2.0115 SL&Reverse 2.0217
===================

Other Open trades:

B USDCHF @ 1.1836 TP 1.1950 SL 1.1832 (+15)
===================

Current Open Total: +15

Monthly Closed Total: +450
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #7
  • Sep 14, 2007 10:45pm Sep 14, 2007 10:45pm
Ok, some updates here. Lovely range on EURUSD isn't it? (sarcasm detectors on please). I mean, it's just beautiful. I'm in love with the darn chart, it moves ever so elegantly one pip down, then up again. Lovely. So lovely in fact, that I'm closing the f*&%^! (*&^^$# trade, too much grief. So much for trendiness, eh. Friggin Europeans.


=========
New Trades:
=========
-
=========
Closed Trades
=========

S EURUSD @ 1.3875 TP 1.3800 SL 1.3901 (-1)

=========
Other Open trades:
=========

B USDJPY @ 115.10 TP (115.93) SL (U) (+25)
B USDCHF @ 1.1836 TP 1.1950 SL 1.1832 (+56)

=========
=========
Open Total: +81
Monthly Closed: +520


Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #8
  • Sep 16, 2007 6:51pm Sep 16, 2007 6:51pm
=========
New Trades
=========

S EURUSD @ 1.3870 TP 1.3800 SL 1.3901



Quoting Plutonite


=========
New Trades:
=========
-


=========
Other Open trades:
=========

B USDJPY @ 115.10 TP (115.93) SL (U) (+25)
B USDCHF @ 1.1836 TP 1.1950 SL 1.1832 (+56)

=========
=========
Open Total: +81
Monthly Closed: +520


Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #9
  • Sep 16, 2007 11:40pm Sep 16, 2007 11:40pm
Closing UJ Trade after realising that I bought on a 61.8 fib, with the resistance already showing. I prefer peace of mind to the expected 50 pips. Also closed EURUSD again due to unpretty price action and no clear direction from fundamentals / reports. Tuesday will bring more trades.

======
Closed
======
B USDJPY @ 115.10 TP (115.93) SL (U) (+7)
S EURUSD @ 1.3870 TP 1.3800 SL 1.3901 (-6)

======
Running Trades
======
B USDCHF @ 1.1836 TP 1.1950 SL (U)

================
Closed September Total: 521


Cheers,
-A


Quoting Plutonite
=========
New Trades
=========

S EURUSD @ 1.3870 TP 1.3800 SL 1.3901
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #10
  • Sep 17, 2007 1:54pm Sep 17, 2007 1:54pm
Ok, dangerous trades here, but I don't believe in waiting for news so here it is. And I've closed out the USDCHF because of price action being non-pretty. Oh well, 30 pips should be enough for anybody



New Trades:
=============
S AUDUSD @ 0.8341
S GBPUSD @ 1.9950

Closed Trades
=============
B USDCHF @ 1.1836 TP 1.1950 SL (U) (+32)

September Closed Total: 553

BTW yesterday I made a very nice trade on GU which I won't tally here since I was too busy to post it, but what happened was basically a hesitation in the selling just below the bollinger channel while we are in an uptrend. I bought at first then put a reverse/stop position right below my predicted "bottom", which got hit. So I lost ~40 pips then made 85 back. I am entering now because even though we bounced 65 pips from the usual fib level, the current bearish bar engulfed the last i.e the bears are still hungry. Watch the chart carefully.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #11
  • Sep 17, 2007 8:32pm Sep 17, 2007 8:32pm
Trades going nicely since 4 hours ago. More adventurous things with neat price activity that should survive any news:

New Trades
============
S GBPJPY @ 229 TP (227) SL (229.53)
S EURJPY @ 159.55 TP (U) SL (U)

Open trades
============
S GU .. TP moved to 1.9825 (+60 now)
S AU .. (+ 50)

Monday nights are beautiful. Sometimes

Cheers,
-A


Quoting Plutonite
Ok, dangerous trades here, but I don't believe in waiting for news so here it is. And I've closed out the USDCHF because of price action being non-pretty. Oh well, 30 pips should be enough for anybody



New Trades:
=============
S AUDUSD @ 0.8341
S GBPUSD @ 1.9950

Closed Trades
=============
B USDCHF @ 1.1836 TP 1.1950 SL (U) (+32)

September Closed Total: 553

BTW yesterday I made a very nice trade on GU which I won't tally here since I was too busy to post it, but what happened was basically a hesitation in the selling just below the bollinger channel while we are in an uptrend. I bought at first then put a reverse/stop position right below my predicted "bottom", which got hit. So I lost ~40 pips then made 85 back. I am entering now because even though we bounced 65 pips from the usual fib level, the current bearish bar engulfed the last i.e the bears are still hungry. Watch the chart carefully.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #12
  • Edited Sep 18, 2007 12:40am Sep 17, 2007 10:27pm | Edited Sep 18, 2007 12:40am
Ahem. The AUD daily is turning into a bullish pin bar. Probably the USD news waiting effect. All other trades in the green. If things don't improve by the end of tokyo, I'm pulling out. It's called the "Take no BS" strategy. BS detectors are on, do your worst, O speculators of eternal doom!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #13
  • Sep 18, 2007 12:39am Sep 18, 2007 12:39am
Quoting Plutonite
Ahem. The AUD daily is turning into a bullish pin bar. Probably the USD news waiting effect. Al other trades in the green. If things don't improve by the end of tokyo, I'm pulling out. It's called the "Take no BS" strategy. BS detectors are on, do your worst, O speculators of eternal doom!
So they want to play nasty..I said no BS allowed. They left me no choice, especially as AU can turn on you very quickly. Japanese crosses still open, and I have a bad feeling about tomorrow.

Closed Trades
=============
S AUDUSD @ 0.8341 (+25)
S GBPUSD @ 1.9950 (+50)


Closed September Total: 725
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #14
  • Sep 18, 2007 12:56am Sep 18, 2007 12:56am
Quoting Plutonite
So they want to play nasty..I said no BS allowed. They left me no choice, especially as AU can turn on you very quickly. Japanese crosses still open, and I have a bad feeling about tomorrow.

Closed Trades
=============
S AUDUSD @ 0.8341 (+25)
S GBPUSD @ 1.9950 (+50)


Closed September Total: 725
LOL Pluto,

Well, EJ & UJ hitting fresh lows and AJ also looking towards 95.00 again - maybe today won't be so bad afterall

Kind Regards
Steve
  • #15
  • Sep 18, 2007 12:59am Sep 18, 2007 12:59am
Just to clarify things, guys: I don't usually make this number of decisions on the same day, but I was off from the Uni today and tomorrow is big, real big. I am positioning myself on the safest trades for tomorrow's massacre, just waiting for Bernanke the Beautiful to have his say, and any danger can be devastating. I trade relatively short term (72-hours or so for realization of trade) so I can't wait until the dollar strengthens on fundies 2 weeks from now. Immediate reactions should be pro-Yen, hence the shorts. We'll see.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16
  • Sep 18, 2007 1:03am Sep 18, 2007 1:03am
Quoting steviet
LOL Pluto,

Well, EJ & UJ hitting fresh lows and AJ also looking towards 95.00 again - maybe today won't be so bad afterall

Kind Regards
Steve
Hey steve

You're right matey, that euro trade looks to be the right kind of thing to do right now. The pound dropped mighty heights didn't it, I think it's time the euro shed some altitude too. And even if it's shy, the UJ should help us along. There's only so much a trader can do

Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #17
  • Sep 18, 2007 1:41am Sep 18, 2007 1:41am
OK, I'm going to short euro one last time today in the hope that it actually moves past 2 pips

If it does, I'm going to f*&%ing celebrate. Pure price action here, I have no idea what can be driving dollar buying now. See H4 and daily for details

New Trades
=============
S EURUSD @ 1.3834 TP 1.3720 SL (U)

Open Trades
=============
S GBPJPY @ 229 TP (227) SL (229.53) +40
S EURJPY @ 159.55 TP (U) SL (U) +50

Good luck all.
-A
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #18
  • Sep 18, 2007 3:57am Sep 18, 2007 3:57am
Good luck bro
Trade what you see, not what you think.
  • #19
  • Sep 18, 2007 8:42am Sep 18, 2007 8:42am
can i post some of my trades here?
or should i post comments on yours? or maybe a discussion would be more appropriate... what do you say?
Nihil Sine Deo.
  • #20
  • Sep 18, 2007 9:32am Sep 18, 2007 9:32am
Quoting karmostaji
Good luck bro
Thanks Karmo! You too!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
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