Owen's journal for my friends

Hello,
I'll keep this journal to allow my friends to follow my trades. I don't always have the time to take the trades so one of my friends can take these trades for me on our common account. Visitors are welcome but for them I have to precise some rules:


- I'm using a leverage of 1 (no leverage) and only one order at a time. My scope is to do around 30% a year if you want more you can increase the leverage but at your own risk.
- never use stop or limit orders with these calls.
-You have to be in front of your computer when taking the trade. Before entering you have to check the news to be sure that nothing unexpected is happening (I like to use Oanda fxnews and the articles here on FF).
-If the momentum is too strong against you, don't enter, there's probably sth. unexpected but we don't know what, so just wait and eventually enter at a better price if you really don't see anything in the news and articles.
-Don't use a level twice. If the price has already been reached and you missed the entry, it's too late, don't enter later if the price comes back.
-NEVER add to a losing position! (except in very rare situations but if it happens I'll explain at this moment)
-if I say "half lot" that means that I'm using a leverage of 1/2 (again, feel free to use more if you want but what's important is to use the half of the normal trade size you are using).


...and use these calls at your own risks of course


results (net):

10/7/2008 +2pips (buy U/C)
10/14/2008 +32pips (buy N/U)
10/16/2008 +43pips (sell NZD/USD)
10/21/2008 +7pips (buy NZD/USD)
10/22/2008 +35 pips (sell AUD/JPY)
10/22/2008 +56 pips (sell NZD/USD)
10/23/2008 +72 pips (sell NZD/USD)
11/13/2008 +75 pips (sell eur/usd)
11/19/2008 +18 pips (sell aud/jpy)
11/20/2008 +74 pips (sell eur/usd)
11/21/2008 +74 pips (sell G/U)
11/24/2008 +25 pips (sell g/u)
12/02/2008 +33 pips (sell AUD/USD)
12/09/2008 +31 pips (long EUR/USD)
12/16/2008 +18 pips (long eur/usd)
12/17/2008 +130pips (buy aud/usd)
12/18/2008 +18 pips (sell usd/jpy)
12/19/2008 +12 pips (buy eur/gbp)

NZD/USD short @ 0.6579

A/U short @ 0.7650

NSD/JPY short @ 68.56

half lot

the entries are no more valids, see you tomorrow for new entries.

sorry, I've got a problem with my portable, entries will come later...

buy USD/CHF @ 1.1385
half lot

trade protect @be +2 pips

out @ be +2

sorry but today we missed all the good entries, I had a short on NZD/USD @ 63.22 (at 9 am CET), it was a perfect trade but I was busy

I was out for business for 2days, I'll restart my signals on monday.

cu

I don't see any clear signals for today, we have a rebound but we have to wait to know if it's just a rebound or if the trend is changing(I don't believe it's the case). Anyway, it's a bank holiday so we have to be very prudent.

Is it just a rebound or is the trend changing? The usd trend was so strong that it's too soon to be sure but today I will look to go long on NZD/USD with very small lots.
A good entry is around 0.6175 or if the momentum is too strong 0.6150

I've chosen NSD/USD because if the trade is turning bad we can wait a long time as this pair has a very good swap (even if they cut rates).
Don't forget to use very small lots as the volatility is incredible these days.

Another possible entries are long AUD/USD @ 0.7012 or long AUD/JPY @ 71.51 or long NZD/JPY @ 62.74 for the same reasons.
Chose the best setup, don't take all these trades.

cu
OwenT

I hope that you took one of those superb signals, I'm in NZD/USD trade.
Long @0.6175 and I'll close it @ 0.6210 now

+32PIPS net

I should have let it run but I'm not totally confident yet with selling USD, sorry

Today we are looking to sell AUD/JPY @ 71.95 or sell AUD/USD @ 0.7078

Use HALFLOT and protect your profits very fast as I'm expecting a weakeness in the dollard in the next few days.

thx
Owen

The entry on AUD/USD was missed by 6pips, it would be a nice 70 pips profit but I'm probably too prudent.
these entries are no more valid btw.

I've just shorted NZD/USD @ 0.6108, if you want to follow it's not too late

the correct entry was @ 6137 but I was asleep! The movement is very strong and there are still some pips to take.

first scope reach, +43 pips in 15 min!

I don't see any clear signal for the moment and as it is friday I prefer to be carefull.

I'm waiting for european stock opening but I'm not expecting anything good. My system takes care of the carry trading and for the moment I'm not expecting good news for carry trade pairs so I prefer to wait for clear signals to short the carry trade pairs. When I have a clear entry I'll post it here,
cu