AcidTrading Journal - Trading, Coffee and Big Returns.

Hi guys just Starting my trading path here in.

first of all id like to share a little bit about me.

this is the history from a 21 years regular guy from Venezuela who after leaving his job Considered before anything else, dedicate his time to trading.
basically Venezuela is a 3rd World Country where much people dont know even whats
the concept of trading or even what is a stock and less the logic behind a market like where same like a jungle the smart and dedicated win.

everything started in december 2006 when searching the web i crossed with an ad of with a really known company.
something that attracted my attention, basically the ad said 'dont trade stocks, trade on the most liquid market and win on every direction'. with little knowledge about the forex market.
i was instantly caught by that advise and followed the link.
trade in any direction and still win? wow....

after some minutes i just go to a page where i could sign in for a demo.
i filled out forms and after that they sent to a download page, i downloaded the software and to my surprise when i open it, just blown my mind up through my monitor a 'state of the art' software that gave me every cross and currency pair imaginable. without knowing too much i just got overexcited, o couldnt bellieve i could have that piece of market trading running on my machine.

after some minutes i figure out how easily with click of a button i could send an order to the market, i was amazed.
but after some time touching and testing everywhere there was still something i was missing, and after some minutes, days and weeks
i started to feel somehow uncomfortable,
what the hell is moving those ticks?

why the 'usd' is losing across the board but still keep winnnig ground against the 'jpy' ?

ok lets assume is a different correlationship, so why now the thing is now 'usd 'winning against most and still keep the same rate of jpy winning?

this and other big question remained on my mind....
i then was really frustated seeing is was not so easy as i thought so i made a challenge to myself.
and said i want to learn this stuff, ill do whatever i need to get handled this.
after big months trading in demo here, there, seeing indicators, trading expert advisors, sentiment, everything was failing and i was feeling even worse, so i decided to not give up, change approach and test whats was the real deal.

testing, failing, testing, failing....., finally i got something that has changed my result big, really big.

"TRADING IS MADE BY PEOPLE AND PEOPLE REACT TO CERTAIN CUES"
oh, some citizens have told me thats obvious but i tell them, if you are really smart you wouldnt be telling me this and ill be watching you on fox or cnn.
the power of those words, i have not even discovered the 10% of the meaning of that phrase but instead of letting it pass i am working on it.

So, Welcome everyone to my journal and differently to some people oppinion. that think, oh no, private real money live cant be shared and stuff like that.
i am gonna keep my live trading book for the eyes of everyone so you can see it, discuss it and also critize it.

erasing what some admins told me my journal hurt some noobs feelings i think not. and i am here to help, learn, enjoy and earn good bucks in the process.

pls keep tunned and see how all the myths people cant make money in forex or a 10% money increase in a month is amazing, are trashed and unmasked in the hell of lies.

welcome to my Journal, and keep tuned.
to your success.
Nicolas.

http://i23.tinypic.com/14si71s.gif


THE STAR TRADING

Hi guys, here goes the first usefull post. since some days ago, there is a great opportunity i am seeing in the market and if you probably can access my trading journal you could see what i have been doing.

many people has just been asking why basically the sterling has been so week, many currencies has gain big against the dollar starting with swiss frank and ending with Aud, but for some reason there is a weakness in the sterling.

basically in the first eu leg went to 1.38 sterling went to 2.0700 but for some reason now we have an astounding 1.42 - 1.43 eu rate and sterling is just trying hard to hold gains above 2.0500,

What the hell is going on?
well my friends, since the North finance trouble a ghost has shaded against sterling pound, and i bellieve it too.
basically there is big question behind wahts going to happen with subprime mess, it was just a usa wave what impacted somehow over UK?

i dont think so my friends, what i bellieve is when subprime mess start to unleash in london is gonna hit harder uk that can hurt usa, and probably pound is gonna fall like rock.

so watch out my friends. my recommendation is keep looking at eu and gu charts, try M5, M15, H1, H4, and if you see eu is having problems rising,
and there are not uk or us news near, and is above 2.0500.

dump the sterling, is overbought!.
even when analyst dont tell you this, big investors are not beating in the future of this currency, lets take your profits from your broker before any fibo lines and run!

watch out for my next call and watch out my live journal.
good luck.

Nicolas congratulations on starting your journal. Your assessment of current market conditions is correct. Europeans and Britains have a vast amount of monies invested in the real-estate market in the USA, which is why the subprime mortgage mess here in the US has impacted them. In addition, their rising currency value hurts exports slowing their economies and adding to the downward pressure on these currency pairs. Devalued USD improves exports for US giving USD strength. This could be temporary situation. So let the charts drive your trading decisions and not the news. Something else you may want to watch is the Dow Jones for the US. When DOW is down, most of the time so are the EUR/USD, GBP/USD, and GBP/JPY.

Good luck in your trading.

yes my friend thx for you valuable information.
one of the thing i have been trying to decode whats driving down those last one pairs you mentioned, and basically what i have found is the selling of equities, and since many are priced in us dollars, the capital as well have to be converted in that currency, also big investors are in the us, so of course when the money is back home, the currency increase as well.

this is a post i statement i wrote in another forum for some people
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didnt you know what happened last sunday when eu was above on 1,4340?
even the G7 didnt give support to the dollar and it retraced like crazy?

even bloomberg talked about a big boys speculative trade buying high quantity of usd, they knew something we didnt. china was buying big amounts of usd to stop fast yuan appreciation. and brokers and other big players did the same.
while big brokets in their news were inspiring people to buy eu they 'hedged' otherwise

do you know why? to rape people money. http://www.fxegypt.com/forum/images/smilies/cool.gif
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scary, isnt it?

but its the true, so please be alert guys.
we are seeing some currency distortion.

Makes sense. The Chinese are using that $200 Billion fund they created to help provide support for the USD. I don't think they want it to be obvious to the market, which evidently it may be.

Hi guys as you probably can see,
none of my TPs were hit yesterday also i managed to get out of 1 without getting harmed and was the last i discussed on last chart.

another thing i thik is pretty useful is learning to read candles. candles are a big part of chart speaking to us, many say those are just random formations in the price actions. its ok, but ill tell you something.

let say its true, but i have seen how a "morning star pattern" has caused big buys when the currency has been falling and an "evening star pattern" on the other hand has caused big sellofs in the pair. that has happened many times, do you think its pure coincidence? ok, my thinking still is :
after all is "PEOPLE REACTIONS TO CERTAIN CUES".

let me rephrase about positions :

yesterday i talked about g/u short that was a star strade even when it didnt hit my tp on last hours i stilll think is one the best positions to be.
its almost guaranteed it will touch the tp at some point on the next hours.

but still i am a big fan of price action and when when i the price struggling at some place still i am in profit and its close the target and worse if its strugling on a fibo i have found the best thing to do is "exit, take your profits and run away", then wait wait wait, and take it on a better place.

i exited on 2.0478 as you can see on my live trading book. in some hours i can take hopefully the short around 2.0510 - 2.0520. same tp and then wait.
i price action struggles at the same fibo around 2.0460 area, ill exit again.

"ANOTHER BIG ASPECT ON TRADING IS SHOT FOR BIG PROFITS"
if you are pretty confident about your trade. then relax and see the price down your levels while you are in profits, take every fibo lines as a level when it breaks one down, your chances increases to fill the lovely TP

for all those followers who have pm me and thanked me, i appreciate that very much and now i am posting 1 of my star indicator for you to use it :

Fibo retracement 3
http://fxfibo.ifastnet.com/FiboRetracement3.zip
(include compiled and editable version)

i think this indicator is bigly responsable of my success. i just want you to look at this, then you get you own conclusions :

http://i24.tinypic.com/2cnyu06.gif

right now my floating number is in red but with fibo, i am sorry but you will have to rely and learn to live with that most of the time, if your entry is good the sure thing is your tp is gonna be hit at some point, in some hours, the next day or whatever. ill explain this, and hopefully and idea i am using to counter attack losses called "rogue trade". in a next post.

probably someone can laugh about my current positions, time 'll tell, and hopefully in some hours ill be drinking some smirnoff and eating a "club house" with brokers money.

"FIBO IS A GOD HIDDEN LANGUAGE, ITS CALLED FIBO JUST CAUSED THAT WAS THE NAME OF THE MAN THAT DISCOVERED IT"

if anyone is following any of my positions just relax and wait till tps are hit.
for now good bye and all your replies are welcome.
lets make this journal a Lair for fibo traders.

share your experience whatever, everything is fine while FF rules are respected.

good luck, bye for now.

"HORRIBLE NUMBERS, USD KEEPs JUST BEING BEATEN ACCROSS THE BOARD"

Hi guys, if you can notice in my trading book, there are some positions which are being hit hard.

basically i have been entering in some counter trading and avoiding following the trend since in my opinion many currencies are hugely overbought, and to my surprise even in the superextreme ob levels, some currencies keep rallying.
there is a currency who is giving many headaches to many people since the little guys are shorting it but the retail are longing it
can you wonder who it is?
the Aussie.

this currency has been in an unnstopable uptrend since the beggining of the market crunch, some people have told that this currency is heavily pegged to the commodities especially the gold so its rallying following the price of the yellow mineral.

in the other side, there are signs the market crunch is starting to affect australia real state and the amount of credit delinquencies is starting to increase at an abnormal pace. what signals "current high interest rates" are starting to hurt their citizens in the world tightening econmy.

now my question is, why the thing many economist are predicting a rate increase early next month?
ohhh, they inflation, and blablabla....
do you think the goverment is gonna sacrifice it citizen and start to break the bubble which have added big value to the economy which is called really state?

is controlling the inflation more worth than troubling some people financies, increase the number of defaults and put the australian econmy more close to acquire the famous usa credit slump virus?

this are the things i really dont understand, just hearing some minutes ago an economist bull saying they are happy cause they have finally archieved break the 0.91 barrier but they have to defend it cause there are many threats to the downisde.

DID YOU READ THAT??? THEY ARE PARTYING...
ITS NOT INSANE????

anyone can explain me what is the madness with the currencies?
why some economist pray the weighting that is making the aussie against the usd index and the distortinal of the technical analisys is causing?

in few words, why the hell the investors feel is worth to kill the US dollar?...
have not the us dollar and us economies made rich? while some other countries and institutions like the ECB snakes, just keep adding regulatiosn to the system?

i think investors are killing themselves and killing usa, i just give them the best luck cause when usa defaults the world is gonna default and their investements are gonna be worthless, and probably their companies are gonna be drown into debt.

now i start understanding why the next world recession some says is gonna be like a child game compared to the latest big crunchs,
some argue 1987 black monday was caused by a selloff in computers for an error trading model.
but this is worse, the investors are gonna kill themselves.

we have now Bush avoiding talking about the current world problems and talking about world war 3 and a new world....
does anyone what this means? i have no idea...

thx to the people has been following this thread, sorry for my trading book in this moments, but i bet you, thins are gonna turn good and hopefully account balance is gonna get out unscratched.

bye for now.

Well. Hi to all.
Market is just a few hours away for starting.

My Resume :
So far my last week account had an increase of around 120%.
basically my goal was 150% but for some reason 1 of my sl was touched and i lost some bucks.

i still bellieve even when some positions are big in red, was a good entry.
and even when currencies like aud has just gone crazy overbought. i still bellieve there is a good chance of retracement. its just far away of showing australia fundamentals. which with the subprime mess dont look so pretty, in my opinion.

for this week, i am not so greedy and i just expect and increase of 50%.
taking into account i will rearrange my strategy and watchout what happened with my current trades and whats the thing i forgot to see and lead me to take those decisions.

for now good luck to all and wish pleinful numbers of pips this week.