TickerShuffle's Trading Journal

Creating a dollar short basket - see how it goes.

Closed Cable long + 25 pips 2.5% Trade 32 complete.

CLosed Eur flat trade 33 complete.

Closed AUD long for 1 pip

Trade 34 complete.

Well, this AM trades worked out handily. 1 out of 3 winners and 2 out of 3 flat. I'll take it.

(trying not to think about that horrible trade yesterday that cost me, damn revenge trade for earlier losses just compounded the problem. I should know better. I'll be a son-of-a-bitch though, with the performance of the Yen pairs since that trade...oh my god I shoulda, woulda, coulda made a MINT! I'll be back...better than ever. )

I am beginning/continuing to wonder about More Dollar strength. US govt rescue plan for mortgage industry and general eceonmoic strength may not warrant another run for the bottom of the dollar. Time to be strong America?

Got long AUDUSD for quicky

Sold for +3 pips. Not convinced of this surge.

Trade 35 complete.

Really like the laid back tone of this journal.
I think you're whats known as a gunslinger.

LOL

yeah...it is wild west out there...

I hope to add a little polish to my act though.

just closed 1.0094 +50 pips and 4.8 %

Link to trade announcement : http://forexfactory.com/showpost.php...postcount=2444

I'm done for the day. Glad to "pull down a pot" and start resupplying my capital.

Waiting for 1.44 on EURUSD
"" AUDUSD .8650 or lower
GBPUSD 1.90???
USDCAD likely to oscillate around parity for the foreseeable future.

Trade 36 complete.

I will be out of commission next couple of days with dental surgery (wisdom teeth getting pulled) and better call my broker to lock my account so i don't try to trade under the influence of pain killers. (kidding)

BUt all kidding aside. I think i have had a revelation of sorts lately with Forex. Sometimes too much information is bad for me. I need to learn to weigh the information for effectively. My systems in the past have treated me very well, and i don't know why I try to make it more complicated than it has to be.

USDCAD for example qualified for a trade and despite turnign against me over night, all the issues I weighed before the trade came to fruition this AM. Granted this may have just been a lucky guess, but I was confident of the trade and stuck it out.

It seems I post losses in panic situations. I had so many positions trun against me and paniced only to have them rebound and turn into "shoulda, coulda, woulda" trades. It's been volatile and tough to read over the holiday - which continued into the new year - so I stay optimistic for my trading in 2008.

If I was a gunslinger as the above poster mentioned, perhaps my name would be, ... lol nevermind.

the bleeding wont stop...and I am not talking about another losing trade.

The painkillers are new to me, not a big pill guy, but I think what I went through today warrants some relief.

Getting your wisdom teeth pulled is .. Makes me laugh like a lunatic thinking about it .. a trip!!

GOod news the assistant chick was smoking hot...way too tan for this time of year though.

So what about forex...I am not supposed to trade on meds right?

Looking at the charts it's like nothing has changed since yesterday morning. Clearly not with trading this market.

I realized today, when I have made my most money in Forex, it's when I wait for times of clear opportunity. Trying to milk the forex market everyday is just not productive enough for my tastes.

I am going back to my old trading schedule, of sunday, tuesday and thrudays only for initiating positions.

I think i may put in a limit order for EURUSD at 1.4570...perhaps a little dip on the no rate cut for the last shake before the run up? The dollar can't be long for much longer can it?

Moving that buy order to 1.4490...

Pulled order...looks like EUR is riding the bull for now.

Laid in bed all day watching CNBC..it gets very disturbing after a while. Hard to make heads or tails of what the future holds for global economy, and the major currecy pairs.

I am going to run through the charts and see if there are ay short term set ups. Looking for another winner.

Nothing looks good...just listless patterns.

JPY pairs look like they might do something long, but you back up and look at the big picture and the bottom could drop out any second.

Cable, no thanks.

I am almost tempted to short EURUSD,... I must rest.

AUDUSD might be the money shot....

I'll wait until next week to see what economic calamity is coming down next.

not my best entry, but If this starts to move in my favor, it will do very well for me. Looking at CABLE too, just seems like it's due for a climb itself.

Got my entry on GBPUSD at 1.9575

Why the pound? Besides the fact that all other pairs are a bit toppy vs. the USD I see the Pound as the sleeper in the bunch. Banks and financials are starting to work out their issues and the pound is sure to benefit from inproved financial markets. Second, commodities - The pound is behind the curve in adjusting to the commodities markets...if the pound stays this low against the dollar, unless oil drops substaintially, energy costs will be very destructive to UK economy and the Queen won't stand for that .

I have made some good calls and some bad calls, but I have made some phenomenal calls that I failed to fully take advantage of. For example. Over the holidays I had a USDCHF short @ 1.15 and another short, too, that I forget. Since I was to be on the road teh following day I thought it would be prudent to close the positions so i could travel safely with my family and not have to worry about getting clobbered in the markets. You see I had just spend half of my vacation with an eyeball on the forex charts as one of my positions had sunk into the abyss and I was resurrecting it from the dead. The resurrection was a success, but I remained a little gun shy for future positions. Long story short I have had a number of huge positions, like my AUDUSD long recently, get closed prematurely due to some life issue - figuring I can alway trade another pair - and costing me huge gains. When I have the time I find myself in positions that are not so great.

I reserved myself to picking pairs at key inflection points. LIke my GBPUSD and GBPJPY for this upcoming week. I guess I will have to determine how much I am prepared to let these trade against me, but I could really use a straightforward rebound and couple hundred pips just to get the mom going.

As it stands I am looking at these markets and beginning to wonder are they changing? Is the easy money over? Am I wasting my time? Since I have no other major trades planned for 2008 (equity or otherwise) I have 3,000 I am prepared to risk in forex - max allowable income deduction for investments, so he pragmatic part of my brain will keep an eye on the prize, but starting to feel a little discouraged. Here's to a great week! *glug glug glug*

Edit: One last thing. I am starting to feel little benefit in reading all the other posters in the threads with their either flippant trade calls or tireless over analysis. It's just not helping. Perhaps I will keep to myself in the journal...

Closed GBPUSD long +8 pips. .7% - closed 9 pip off recent high

Looking for stability, in GBPUSD and a pop in the carry on better open for NY equities. If I can get out with a few pips on the near term I'll take it. May even suck up a loss. This trade is a good one, but I think I will have time to get back in at a better position. I will just have to rememeber to keep am eye on it.

Edit: Well GBPUSD bounced and later the carry swoons...I may have made the classic mistake of seliing the winner and holding the loser. On the other hand, hindsight is 20/20 and perhaps the carry will rally. can't over analyze the tick by tick...need to recall and rely on the big picture analysis. I am playing the voltility here, just a crap shoot as to which way it wil go in the near term...no need to get too uptight about it. Kinda stupid...why don't I just long EURUSD like every one else?

Edit: GBPUSD looks like lock long from here, but I am out. Going to look to pick up the scraps on the GBPJPY...although looks like it's taking the heat for any weakness between usdjpy, gbpjpy, gbpusd. GBPJPY on it's own merit has VERY NICE hourly setup, something big is about to happen edit hourly breaking down =/ hmmm

Had to buy back the GBPUSD... 1.9592 ...it's part of the insurance against the yen volitility...

Closed second GBPUSD long 1.9615 , 23 pips...2% - banking on some carry trade stregth from here, not sure if it going to come, but have a little insurance booked to help the cause.

had opened another GBPUSD long yesterday and just closed for 60 pips, or 5% gains. Still have GBPJPY open and it's a real dog. riding it out.

CLosed GBPJPY for 7% loss, .. the pressure was getting to me. The good news is I am back to were I was 3-4 trades ago...after being down as much as 25% in the position. Net on the day so far, -2%

I am going to start picking more sparingly and employ 7% stop losses. the old 7% rule. See how that works, because fighting back from 33% loss is a challenge and "fun", but to get back 33% loss I need to make 50% in gains. and it's just a waste of effort. It's about efficiency for me, now. This Forex puzzle is pointless to me on the surface, so the least I can do is develop a realistic system of trading while I am wasting all this time.

trades, 37, 38, 39 and 40 completed in this last batch of insanity..

Finally came to my senses and just went with the money shot. Might just scalp and get out prior to news, or might employ 7 % stop and add on dips, because I guess even though everyone knows where this is going, some (like me) find it hard ot believe it's that easy...we'll see.

CLosed +8 pips .5%...I am just not interested in sitting through this news event.

41 complete