Wall Street Warrior
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Thursday, October 11th, 2007I just entered a long EURUSD position at 1.4215. I realize this is probably not an ideal entry point I realize, but I’ve been away for a while and didn’t get a chance to trade before. The Euro tested an all-time high at 1.4280 almost 2 weeks ago and has now been in a steady […]
Trip to Europe
Wednesday, October 10th, 2007I’ve just come back from a two-week trip to Europe. Needless to say that I sure felt the weakness of the dollar. I usually love to shop when I am in Paris but this time around everything was so expensive that it took away much of the fun.
I also visited London for the first time, […]
Afternoon Trade
Friday, September 21st, 2007
I entered a short-term position (probably until tomorrow) position in CHF/JPY earlier today. I had noticed that it was trading in a range between 98.56 and 98.20. I got short “relatively” close to the top of the range at 98.483 (middle black line), placed my protective stop at 99.350 ( a previous support level — […]
Food For Thought
Friday, September 21st, 2007I found an article by Tom Long on www.forextradingblog.com. He talks about using protective stops and his article identifies one of the major DON’Ts that I’ve been doing on the demo account and that I briefly touched upon in some of my previous posts. I copy-pasted what I believe to be the essence of the […]
Canadian Retail Sales - part 2
Friday, September 21st, 2007So the Canadian Retail Sales numbers came out, and I was completely wrong since they came out worse than expected (-0.8% vs. 0.0% expected). Of course, the USD shot up about 30pips and now I’m down about 25pips. That’ll teach me NOT to make my own assumptions about economic data!
Tags: dow, economic release, forex market, […]
Canadian Retail Sales - Part 1
Friday, September 21st, 2007Canadian retail sales will be released in a few moments. Right now my USDCAD short is at 1.0021. I’m hoping for this number to dip below 1.0000 once the data is released. Canadian wholesale sales were released yesterday morning and came out better than expected. Could this be an indicator of better than expected retail […]
Morning Trade
Thursday, September 20th, 2007This morning I decided to range trade the GBPUSD. At around 9AM - the range was about 2.0047 - 2.0113. I got long at 2.00754 (had a stop at 2.0020) and exited my position 2.00845 a 9.1 pip gain. Got back in again at 2.0975 and out at 2.01155 - an 18pip. I traded the […]
CHF/JPY results
Thursday, September 20th, 2007So i just got in the office and checked on my trades from yesterday. Especially, the CHFJPY trade that I “forced” myself not to touch once I had entered it in the system. So my limit price of 98.25 was reached and i made a 24 pip profit ($207). This really shows the benefits of […]
Range Trading CHFJPY
Wednesday, September 19th, 2007
I just opened a position in the CHFJPY as I am looking to range trade this afternoon. The CHFJPY has been trading in a range between since yesterday afternoon between 97.92 and 98.30. I entered the trade (got long) at 98.01 about 8 pips away from the bottom range( I realize this might not be […]
Trading the Fed Rate Cut Announcement
Wednesday, September 19th, 2007Yesterday was pretty exciting since the Fed was set to announce whether they were cutting interests rates and if yes, by how much (25bps or 50bps). Opinions were mainly divided between a 25bp or a 50 bp rate cut. Before, the announcement at 2:15, I prepped myself by planning out the trades I would place […]
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