TickerShuffle's Trading Journal

Thanks for the feedback. I will try your SMA.

I was just coming here to pronounce my new strategy going forward.

Too often I take positions at the wrong time. For example the retrace you mentioned with the over bought AUDUSD, it clear as day, but in my mind I figure I can weather the storm and rea the rewards later. I have no problem with handling adversity. One skill I have polishing while trading forex is how and when to recover a disaster trade.

The new plan, however, will focus on me picking my prices, placing my orders and letting time do the work...and keeping my capital safe until all terms are met. Sometimes I worry that, I won't get filled, so I buy a little early, but the fact is, the way that plays out is as follows: I buy early. the price trades against me until the area i wanted to buy gets hit, and now I have to fight from the bottom.

Going forward - I need to contact my broker to see if these trades are doable - I want to place orders at target prices, if filled I want immediate S/L and TP inserted. Each trade must be thought out from start to finish and the plan must be adheared to.

Last night when I went long AUDUSD and GBPCAD...I was drunk. Thankfully they didn't hurt to bad after a little patience..GBPCAD breaking in profit area now...gotta go and pick an exit.

basically flat. I was either being a little gun shy or just trying to put a couple profitable trades in the books, something to get a handle on things.

One position I have open is EURCHF.

I may have been over thinking things lately. I was starting to take into consider too many factors, when I think in these markets it's best to watch charts and scalp pips. Maybe that's best in all markets. SItting back and waiting for the money to roll in is tough when you are leveraged as we are in Forex.

I did reduce my initial entries into position to 1 mini lot. That might help laddering become expotentially less expensive (and harrowing). It's weird, there was a time i would go in 4 minis with a $1500 account and I did great - until that one day . I am just getting "wise" perhaps, and need to find my footing.

PEEAAACCEE

CLosed USDCAD.. -7 pips...look for reentry if it presents itself. -.025%

CLosed EURCHF +35 pips +2.5%

Long EURUSD 1.4716 1 mini

Closed +6 pips, look out Warren Buffet!

1.6020

TP 1.5889 On AUDUSD surge sticking with trend, not trying to call a reversal was at trend line resistance

Stopped out -20 pip -1.5%

So far looks like my stop was the end of the move...weird how that happens...to the pip!

It's a craps shoot out there....worse than a crap shoot...at least with a crap shoot you roll the dice and you have an answer right away. Minutes, hours, days...weeks, starting to take it's toll.

This is a lot more fun when I am making a ton of money. I have to figure out how to do that again. Not sure what I did to change my luck, thinking too much? More likely it feels like the market has changed. Lack of liquidity due to lack of credit? Banks change their algorithms on their computer trading systems? ???

Still a positive day, so I guess it could be worse. Gonna wait for another opp.

*sits, crosses legs and goes into meditative state*

Waiting EURADU still...it's funny the time I sell the top trendline resistance the reversal I am nomrally looking for comes into play. I am not whining here, just laughing at the complete chaos.

When I took that position this AM I was really torn on what to do...buy the reversal, was in a trough and AUDUSD was high off the MAs, or sell the resistance and looks for another leg down. too bad I guessed wrong, the long side looked great.

It appears that AUDUSD holding .92 was options related, the minute after the options expired it started to slip.

looks weak on the 15 Minute.

Flipped long, 1.4809

Closed EURUSD long + 23 pips 1.8%

A real man might let it run, but Need to pocket profits while I can. It could go either way. PMI was barely above expectations, and french factory order VERY low. So no real fireworks here...take the money and run.

Back to bed.

SHorted EURUSD at 1.31, closed for +25 pips, not a bad total for today.

Wait until sunday I guess.

As tough as the resistance appears above, I don't think she is done marching higher.

MACD on the daily has recently rolled up and looks like it's recharged for a monumental move. On the shorter term, most time frames look like they have drifted sideways / down long enough and ready to turn back up.

Just 1 mini, see how long I can hold it. Would be awesome if I could add at 1.49, and 1.50 until 1.54 target.

EDIT: currently meeting trend line resistance around 1.4814...need a push...mm..

After being up as much as 30 pips, got stopped out at BE on Housing data out of US..

Oh well...back to the drawing board.

Perhaps I put too much weight into this news, perhaps EUR bullishness is independent of such data...whatever, I just have to keep scalping because range is so tight andy profit is worthy of pocketing.

Now short EURUSD 1.4828 SL 1.4861

Downside seems like it might have more potential right now. Will the SL go untouched before the reality of profit sets in...time will tell.

Good news is, I am picking my trades and sticking with my SL and trying to up the ante on the professionalism.

After trading back and forth on the EURUSD today, I some managed to get NOWHERE. If I simply kept my longs from a couple weeks ago, I would be looking like a genius right now...I knew where it was going, I just lacked the confidence to see it through. Listenign to peoples BS is costing me money. Time to separate the wheat form the chaff.

i am long EURAUD to 1.63+

period

All I can say is WOW!

Again I picked the wrong direction for the pair, but I managed to get a pop in the EURUSD to push me over my adjusted cost basis after averaging in a mini at 1.6003. The pair collapsed immediately after my sale, so I pleased to post some profit for the day.

If there is way to make money in salvaging lost trades, that should be my job. Somehow I manage to get out of potential messes, tiem and again. I wish it was just easy, instead. Pick a pair, have it move in my favor 50 pips, rinse and repeat.

Unbelievable.

EURAUD now up over 50 pips from my sell point...and in teh meantime I manged to get into another shitty trade. I am having a tough go if it. I hate to think i suck this bad at this, but it's just killing me that EVERY TRADE, starts off in the wrong direction...WTF???

-.6%

Long EURAUD..1.6025 this AM

EDIT:

CLose EURAUD long with small profit. This pair holds promise for me. The two strongest currencies these days, offers decent BETA and it's direction can be determined with some observation of the EUR and AUD. Having the pick the direction of two currencies vs the dollar might be harder that just picking one, so perhaps I am making it too complicated, but It worked for me with the EURCAD for months in 2007 and those were great days.

Perhaps I should revisit the EURCAD...??

Sold EURUSD short 1.5220

Weeeee...call me crazy

Closed all shorts small gain in both EURUSD and AUDUSD.

Long USDCAD now.....9763

USDCD closed while back for small profit...

Went short ERUUSD - closed...

getting behind on my journal. Didn't seem to be helping much, anyway.