The FXCapitalists Trading Logs

I am a live trader off of the FXSolutions platform. I have a personal journal of my own that I might use to update this one.


My style:

I am a moderated risk, high probability, high reward individual. This is due to my youth and expectations. I do not go into trades without considering fundamental and technical factors however. I pay attention to significant news in the financial markets. I believe technical analysis is king in these FX markets. I trade my own system which I don't really need to disclose It's a hybrid of many things I have learned throughout the years. I maintain my leverage to a strict 100:1. What works for me will not work for you. So I prefer not to disclose my trading strategies to limit any responses stating that it doesn't work for them etc. I am a break out, range, short term trader. I aim to maximize profits while limiting losses. I trade the long term only if the carry trade is favorable.


My Methodology and beliefs:

No risk no reward, talk is cheap thats why I keep it to a minimal level. If' I'm not talking then I'm possibly trading. If we focus on trading and less talking every less word we type can help us be the more profitable.

This is possibly the most I will talk and other than that I will just update on my entries exits and results possibly for days at at time depending on my level of activity.

I may and may not post account statements I possibly will not to keep people from being falsely motivated (or discouraged) by my results. I win some and I lose some thats just the way it is. I just chose to win more than I aim to lose. Win by any means possible short of cheating and unethical conduct. I will upload statements at my own discretion not by request.

With that said good day and good trading.

*one does not rely on luck and hope for failure is more probable than success, I do not want luck or hope. I prefer to know. damned If do, damned if I don't, Im damned either way so I might as well do it, fearless, no regrets, no greed.*

-FXCapitalist

No open positions or orders, not until Asia open in 2 hours. Besides I always do my best to have no positions open around 1703 EST so I don't get charged the negative roll premiums due to my high leverage use. If I have it on 50:1 then I'll hold my trades longer or it all depends on my situation with the trade If i did my homework and I believe that the potential gain will offset the negative premiums then I'm all for it. Lets just say I like to keep every penny in my pocket and keep my margins up.

I usually have positions open no longer than 24 hours.

More updates later

I will be focusing on the eur/jpy and usd/jpy

possibly scalping setups I just have to see what the l 5 and 21 MA's are telling me.

be back later.

Lunch break time.

For those of you trading the early australia session happy trading.

I'd possibly go long on the AUD/NZD 300:1 leverage SL's @ 1.15 level and TP @ around the 1.16- 1.17 levels depending on how long you want to hold the position and If your equity and risk tolerance will be able to handle the volatility of this pair.

Be right back

-FXC

Long time no write

current positions

2357pst pre europe open

S C/J -7

S U/J +31

S U/CHF +52

B G/U -6

Just experiencing retracements before FX picks up in Europe.

more later. nite.

Currently listening to

Beethoven - Symphony No9 OP. 129

Update FX open

51508

0001 AM PST

S CAD/JPY +5 target @ 103.65 - 102.50

S USD/JPY +40 target @104.20 - 103.85

S USD/CHF +72 target @ 1.0467 -1.0390

B GBP/USD +10 target @ 1.9630 -1.9707

more updates later if not tomorrow.

Ranging from 5/9 - 5/12

H4 candles 5/9 low = 1.9456 to 5/12 low 1.9441

14PRSI divergence 33.281 and 35.451 respectively

it was a short hidden divergence really hidden you wouldn't spot it if you were just scanning it. GBP correlates to EUR against the dollar that it's a lagger behind it. EUR is up at the moment. GBP isn't too far behind, just by 50 pips hah. My work with the euro is done today. -30 on EUR/JPY faked out all good I got 30 yesterday fading the euro dollar.

went long cable, today holding till friday or sunday whenever target is hit.

more later.

Just stumbled on this thread. Looking good! Hope to see some more posts from an experienced trader.

Been busy planning and trading I forgot to write in here but Ive been writing in my journal though.

my open positions is EUR long

+185 from NFP

+1380 from Dec 20

Ill update later when I have more time I gotta prepare for London Open.

When Im writing i'm not trading and I trade way more than I write so bear with me. I'll write when necessary.

AccountNumber~EntryType~TicketId~CurrencyPairId~Lots~BuySell~OpenDateTime~OpenRate~EntryCloseDateTime~CloseRate~GrossProfitLoss~Comms~Prms~NetProfitLoss~DepWitAdj
[CLOSED]
FX******~P/L~F********~EUR/USD~1.00~B~06/06/2008 04:16AM~1.5590~06/09/2008 04:10AM~1.5804~$2140.00

This trade is carried over from the weekend from NFP

TicketId~CurrencyPairId~Lots~TradeAmount~BuySell~OpenDateTime~OpenRate~CloseRate~MTMProfitLoss~Commissions~Premiums~NetProfitLoss
[OPEN]
FX******~F********~EUR/USD~1.00~100000~S~06/09/2008 05:26AM~1.5790~1.5570~$2200.00~

My current open trade since this morning has thus far beat my NFP trade.

More updates later, this might be all for me for the week gotta fly back to LA for the Traders Expo Next Week. Gotta step away from the market for a while and enjoy life. Hope to see you guys at the expo if anyone's going.

Cheers

FXCapitalist

Currently listening to: Motorcycle - As The Rush Comes (Gabriel and Dresden Mix)

Here's an update, kinda retraced 15 pips since the report but that's nothing.

+205


Cheers


-FXCapitalist

hold up.

another possible drift downward for the EUR/USD possibly testing the 1.5480 level again if not breaking through it. and if that happens it can possibly reach 1.5435~1.5384(less probable) maybe after the Fed Funds rate decision we'll see what happens.


cheers, will be updating. gotta hit the showers 1st brb.

I'll also reupdate my results from yesterday with all my screen shots so sit tight. grab some dinner or whatnot.

EUR USD is dropping once again. as we speak I'm up +6 pips so we'll see what happens it's still asia session so volume isn't as strong as it should be.

The down move is inevitable because even if the EUR/USD drifted upwards earlier today it was because the ADX was still declining and the PDI was rising the ADX for the down ward move in the european session was never even matched by the ADX readings earlier. We had readings of +61 on the ADX with the DMI vs +36 on the ADX declining with the PDI rising. So basically there is still bearish sentiment overshadowing the pair.

Here is an update of my moves against the eur/usd

ALL TIMES ARE GMT -500 Eastern Time

Chart 1 is tick scalping and looking for the best possible entries.

Chart 2 are my fibs and time zones forecasting when I expect price to be.

Chart 3 as you can see before I even finished my technicals the pair tanked 3 minutes into the European session.

Chart 4 are additional positions added and a comparison of the euro vs all other pairs and how it was lookin' across the board which...didn't look too nice yesterday.

Trading 3 contracts I closed up +115 pips 1 contract +64 another +50 and the last +1

Now on to my next trade.

Asia session. possible break out to the upside or a possible downward move. we'll find out in less than an hour. maybe sooner.


-FXC


*note the ellipse is surrounding the data cut yesterday from FXSol's data feed. they should be fine now*

Possible more room for an upwards move. Still analyzing the probable targets.

~1.5573 in the next 3 hrs, possibly. The blue area represents a sector or a target within a range of time. I'll give it till 0645 EST to hit this target. Maybe sooner. if not then volume and momentum is dying and possibly reversing, time to look for possible reversal signals. anything breaking above that is all go anything breaking down out of the sector is a possible sell signal, sell with a tight stop regardless maybe 10-20 pips maximum, when that happens lock in profit with the long and trail it if anything.


-FXC