2 Weeks Trading Experience

DFX you did well, but it was an easy +150 trade, even if you close it now you will be making around + 130 not +50, but any positive pips is good.

I will be looking to short this beast soon.

Good trading to all.

Pepe

took the short on gbp/jpy as told in advance.

One tip: when entering a trade I dont think on how many pips I can win, I focus only in how many pips and what % of my account I will lose in that trade. If the potential result is not palatable, I dont take the trade, or I reduce the position size as much as necessary to feel comfortable.

Remember Rule 1 and Rule 2.

Pepe

Second position open, with stop at break even and running free like a bird!!

A very good September begin, with winnings on both sides of gbp/jpy, long first and short now. +220 pips banked in 2 days with a potential to cash +160 more.

Good Trades to all

Pepe

+270 pips in 2 days, no need to be greedy (even agreeing with GG greed is good).

No trades until next Sunday night for Monday trading session. Don't trade anymore NFP (ah the old times when the the stop loss were guaranteed!!! that EASY MONEY is lost forever...)

Pepe

Markets will open in a few...

a lots of yen pairs made amazing more or less 100% round trips on Friday, easy to make some very good pips 1 hour AFTER NFP... I took some, and won, but will not mention here, since were not system trades, but "experience" trades.

Lets see where all is going now between the open and the new GMT day.

Good Trades to all.

Pepe

not going to take any position tonight. Markets are still digesting Friday moves, several in congestion areas (like gbp/jpy exactly at "my" 144 1 H EMA (NO TREND RIGHT NOW!). I still have the same view of a long explosion on this pair, but I dont trade my views until they coincide with my set ups/systems.

Trade well.

Pepe

cad/jpy.

will post a chart later.

Pepe

cad/jpy daily chart, interesting, isnt it?

Pepe

+370 pips called here live this month.

Still have a second position open running at break even.

Pepe

specially when is posted BEFORE the facts, because nothing is more abundant in the forex world are the charlatans analysts that tell us how the price could go up or down!

Lets see now the same chart after the call...

Pepe

charts are singing in the rain.... and see Bloomberg last release titled "Stocks, Irish Bonds Drop, Gold, Yen Rally on Europe Concern" here in FF.

Pepe

While I don't just pick trades from others calls, I still would like to say 'very nice call' on that one!

Thanks for sharing 'how you see the market' in attempt to help others to learn. . .

Dan

MANY THANKS for your kind comments. I am glad to see that at least you and DFX are enjoying my comments

You are 100% correct not to follow anyone calls on the forums, but certainly you can see the charts and see if you agree or not with my trades.

Any time I can I will publish charts or make comments also.

CAD/JPY is in free fall to my second target AND new trade gbp/jpy is +50 pips now.

Life is good. Carpe Diem.

Pepe

You are one of the Men, here...I didn't post so far not to bother you.
Nice work (I'm studying your trades, if you don't mind)

Thanks Ale.

Looks like cad/jpy is reversing due to news, unfortunately it didn't reached my target and I was not at the trade station to take profits lower so i will allow it to be stopped at break even.... or not. Lets see.

Worst was gbp/jpy that made the reversal before my break even point and took me -60 pips x 2 after being + 50.

Losses are part of the business. This is where appropriate money management & leverage takes part. You win or lose and move to next set up.

Pepe

But looks like gbp/jpy short could be interesting for today if the highs are respected, as yen remains strong and gbp stopped its yesterday retrace. Be careful at the lows!

Pepe

GBP/JPY dropped 130 pips from open, and around 100 since I have time to post my comments in the forum.

Looks like gbp yesterday made a classic fake break out on the daily chart, just to gave the sharks a better entry. With gbp down and yen strong, the time for gbpjpy rise is still not here.

Pepe

gbp/jpy rebounded after my last post and I am still holding my second position short*, with stop loss smaller than the profit on the target 1, so in worst case scenery I still will have an overall small gain.

* normally I close the second position at break even

no new trades tonight. I saw Sunday moves confusing enough to stay away of new positions.

Pepe

As Oscar Wilde wrote, "experience is the name everyone gives to their mistakes" but some people never learn from their experience and that is one of the main differences between a wannabe trader and someone making it.

My patient (and the willingness to risk my profits) was rewarded with a bigger profit. Position closed at 128.10 .... still could down more, or could rebound... I dont care...I am flat and not interested to enter into any position right now.

Regards

Pepe

I did well (very well?) taking my gbp/jpy profits down there. Still not trading, market today was even more insane than usual, with eur moving as if wanted to be gbp/jpy LOL, all in fake and dirty speculations of Goldman Sachs f. morons!!!

A lots of levels were broken today, it was a "boulevard of broken dreams" day, lets see where things stand tomorrow to trade again.

I was trying to post here a citation of a poem of Czeslaw Milosz that I found pertinent, but since my memories are in another language, it was just that an intention. So instead I will share this even more very pertinent from Sun Tzu:

If you know yourself and your enemy, you will not fear battle.
If you know yourself but not your enemy, you will lose a battle for every one that you win; and if you do not know yourself and do not know your enemy, you will never see victory.
The Art of War

Trade safe

Pepe