I haven't got a clue!

The above trade which at one stage was an open loss of $165 has now hit TP for 10 pips and is the 24th consecutive profitable trade. The profit string remains unbroken. Risk $165 for $10. Stupid? Maybe. Reckless? Certainly!

<table border="0" cellpadding="3" cellspacing="1"><tbody><tr align="center" bgcolor="#c0c0c0"><td>Ticket</td><td nowrap="nowrap">Open Time</td><td>Type</td><td>Lots</td><td>Item</td> <td>Price</td><td>S / L</td><td>T / P</td><td nowrap="nowrap">Close Time</td> <td>Price</td><td>Commission</td><td>Taxes</td><td>Swap</td><td>Profit</td></tr> <tr align="right"><td title="complete">2061965060</td><td class="msdate" nowrap="nowrap">2006.12.28 08:27</td><td>sell</td><td style="">0.10</td><td>eurusd</td><td style="">1.3124</td><td style="">0.0000</td><td style="">1.3114</td><td class="msdate" nowrap="nowrap">2007.01.04 11:26</td><td style="">1.3114</td><td style="">0.00</td><td style="">0.00</td><td style="">3.67</td><td style="">10.00</td></tr></tbody></table>
I'm off scuba diving now. Volatility in 24 hours with the USD Nonfarm Employment Change will mean I'll be active before and after then and possibly during as well. No trading now for 20 hours.

In the meantime have a profitable time everyone. No positions currently open. And thanks for your thoughts simplecoders and caspertink nice of you to post.

Trend: ST Consolidation; MT Bearish now.

3118 is first resistance. The RSI is breaking above a resistance area.

http://www.tradingcentral.com/chart/...0105075252.GIF

I may exit soon if it drops again to single digit profit. The revised target for me is to get the maximum string of profitable trades before the account blows up.

I will continue to trade with no stop loss. However, my TP is a guideline. If a trade is in profit I may exit early to protect against a reversal. That time may be soon on this trade because further EURUSD falls may be just round the corner for another 100 pips.

In the time it took to type the above the profit dropped to $2. I have now exited early.

Only 10 pip TP this time.

A better entry point for a quick 10 pips?

Hit TP for 10 pips on short and I'm now long as above showing a $3 open profit.

A nice tight 20 pip range will now suit me. We'll see. I want to be out of the short in less than 4 hours before the Nonfarm Employment Change. I may add to my long position EURUSD just before the FA.

A 7 pip range for the last 30 minutes. The RSI is pulling back to a former resistance area (now support). I may get stuffed with my open short if it doesn't get down to TP within the next hour. The long may hit TP soon. I'd be happier if it was the other way round.

http://www.tradingcentral.com/chart/...0105101141.GIF

Two short lots EURUSD now open. Open loss for both is $21.

The earlier long 3083 hit TP for 10 pips at 3093. Open loss is now $7 and the lot above is in profit for $2.

Open loss $26. Free margin $633. 2 lots short and 1 long open now.

In the short term, the pair broke below a bullish trend line in place for several months. Nevertheless, the previous low at 1.3053 still holds and should favour a rebound (but limited) in the short term. Then, it is possible for a new downleg with 1.2920 as main target.

http://www.tradingcentral.com/chart/EUR_0701051056.GIF

We have the forex event of the month in less than three hours - the Non-Farm Payroll report. Earlier this week, we had the ADP Employment figure coming out. It was expected to come out at 120K, but shockingly came out at -40K. ADP is supposed to give us hints on what's going on with the Non-Farm payroll, because it samples the same employment data, just in much smaller quantity.

Since the release of the ADP Employment, the average Non-Farm consensus was revised from 120K to 100K, and I think it should be even lower. I honestly think that a lot of the economists that gave their consensus on non-farm payroll in the last couple of weeks, simply were too busy or lazy to revise it.

Another reason the ADP number was kind of discounted and the consensus was more or less kept the same was because this report already had a fluke in June of last year, coming out at 368K, and the non-farm payroll few days later came out at 134K.

If Non-Farm payroll will come out at 50K or less, it would be bad for the dollar. 50K or lower reading would be the lowest reading since October of 2005. If Non-Farm payroll number reads 150K or more, it would be a very healthy reading, and good for the dollar. I am going to watch out for conflicting revisions of previous number at 132K, and will also watch out for conflicts in unemployment figure, which is expected to come out at 4.5%. A big conflicting revision, can reverse the trade direction.

The account balance is now $790.58 caused by 58% growth since 21st December 2006 from an opening balance of $500.

In light of the success since this account was opened the maximum number of trades opened at any one time has now been increased from 3 to 4.

Static open loss of $22 currently with two short lots and two long lots now open. It's probably not the best day to increase my risk with the Non-Farm Payroll now out in less than two hours. But then again my tag says it all. So, if all positions are still open consider my positions a straddle over the release time and you never know all might close at that time at TP.

Then again it might force the account beyond recovery if we don't have a whipsaw.

USDCAD just now would suit in 85 minutes for EURUSD - any chance?

Short 3095 hit TP for 10 pips.

One short and two longs still open. Free margin $637. Open loss $32.

Back to a static open loss of $33. 2 shorts and 2 longs open. I'm hoping all will hit TP in 15 minutes. Up to 3113 then down to 3074. Or reverse it - either way please Forex God. Currently 3084.

However, $185 open loss now. Free margin $373.

3 trades long open loss $200 and free margin $228. And that's it from me for the next few hours. Have a great day everyone.