Archive for May, 2008
Position Update
Yesterday was no action in the markets..At least no action which presented any setups to me..
Today made a trade GPB/JPY which got stopped out pretty fast..(in hindsight i was just triggerhappy again :( )
My GPB/USD position is +100pips and i longed Gold @ 896.60..there i am +5.50.
I will hold on to this trades over the weekend.
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Position Update
I Closed my AUD/USD position for 18pips!
I longed GPB/USD @ 1.9452 with an 100 Pip Stoploss!
Cya tomorrow
No commentsPosition Update
So far I did not take any positions today and won`t take any in the next hours..
I missed an Long Entry on GPB/JPY but that`s all so far ;)
have a nice day!
EDIT-> Okay i did take ean entry on AUD/USD..
I longed AUD/USD @ 0.9325 with an SL @ 0.9295 and an TS of 45pips.
Position SIze is 2.4 Lots.
No commentsPosition Update
USD/CAD was stopped out for +1 Pip about 5 minutes before the news.
But it was worth the try imho.
EUR/USD and USD/CHF worked out good as the news came out.
Core Retail Sales are about 0.3% higher than expected and so are @ 0.5%.
Everything else came in as expected.
My Positions stay open with attached 55Pip Trailing Stops.
Will leave now for a few hrs and later on comment on Ben Bernankes speech if there is something of interest imho..see ya later fellows!
EDIT: I closed my positions as i just got info about a meeting i have to attend. So i am not in proximity to watch from time to time..
But all in all this was quite a profitable day ;)
cya soon
No commentsPosition Update
EUR/USD short around +90 Pips.
USD/CAD long around +50 Pips and at my first target..i am watching price action closely and could close the position at this juncture.StopLoss moved to breakeven.
USD/CHF long around +50Pips. SL moved to BE. but still some room before reaching my first target.
@ 13:20 GMT B52 Ben ,our FED Chairman is due to deliver a speech titled “Federal Reserve Liquidity Measures” at the Federal Reserve Bank of Atlanta Financial Markets Conference, via satellite;
and @ 13:30 GMT we get the Core Retail Sales m/m (officially expected at 0.2%) and Retail Sales m/m (officially expected at -0.2%) numbers for the US of A.
I will watch those news closely and maybe close half of my positions before to secure the profit and let the rest run , as I am assuming the impact of those news bullish for the USD. All this of course may be subject to change ;)
No commentsPosition Update
All 3 Positions are in Profit so far..
EUR/USD is around +50 Pips..moved the StopLoss to Breakeven there.
4H Chart ->
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Position Update
I reversed my stance on EUR/USD and begin to be bullish for the USD.
I longed the USD against the CAD,CHF and EUR. There is some pretty nice price action together with FIB & SupRes confluence.
ALso Crude Oil got hammered quite a bit today.
I am searching for entrys around 120$/barrel.
Here a screenshot of todays action.
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I always knew Jim Cramer is a crook..
..because for a few months I had a subscription to his paid services (just out of interest..i never traded on them because common stocks are not my playing field) and at MINIMUM 3 occasions they gave bullish recommendations on the public&free side of thestreet.com while recommending short selling to their private subscribers on specific companies at the SAME time..i have SEEN it with my own eyes..
I am pretty sure there are some stories about this on the webs too but cannot remember where..it has been a while..google is ya friend
And now I stumbled upon this website (kudos to CultureofLifeNews)
and i really recommend to read this! will take some time but it is worth it..take it with the usual grain of salt and form your own opinion..
I am not interested in the names because thats only smoke and mirror for me…but it gives a pretty good impression of “how” stuff works or could work ;)
Have fun!

Position Update
Got stopped out on first position for a few pips..the second pos got stopped out for a loss! Check the screenshot..
I am waiting for an suitable re-entry point.
I should thoroughly think about getting an PDA for mobile trading to constantly monitor my positions..
No commentsPosition Update
Wanted to show this trade which will be the only one for today.
I attached an 55pip TrailingStop to the second position.
First Entry`s Stoploss is already @ breakeven so no risk on this position anymore.
I am quite bullish this week on the carry trades and especially bullish for the Fiber and the aussie dollar.
But now i have to leave and get my mind and body refreshed :D
c
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