Closed GBPJPY short at 170.39, -105 pips

Closed GBPJPY short at 170.39, -105 pipsFebruary 14, 201413.49 gmtClosed this ill-fated trade after giving it time to retrace without luck.Closed GJ short at 170.39, -104 pips.Markets are in a flux, with many pairs at crucial support or resistance – EU, GU, gold, UJ, SP500, DXY. The direction will become clearer after this battle is over, maybe today, or next week.This has been a terrible week of trading for me. Being back in Melbourne is certainly not good for my trading I plan to spend a lot of time over the weekend to analyse all my trades and figure out my mistakes (many), or if the markets are changing (unlikely) and am planning to recover all of these losses over the next month, especially after I am back in …

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13.49 gmt

Closed this ill-fated trade after giving it time to retrace without luck.

Closed GJ short at 170.39, -104 pips.

Markets are in a flux, with many pairs at crucial support or resistance – EU, GU, gold, UJ, SP500, DXY. The direction will become clearer after this battle is over, maybe today, or next week.

This has been a terrible week of trading for me. Being back in Melbourne is certainly not good for my trading

I plan to spend a lot of time over the weekend to analyse all my trades and figure out my mistakes (many), or if the markets are changing (unlikely) and am planning to recover all of these losses over the next month, especially after I am back in Singapore at the end of this month.

For more info: Closed GBPJPY short at 170.39, -105 pips

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Closed GBPJPY short at 170.39, -105 pips

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EURJPY: closed at 139.45, B-E

EURJPY: closed at 139.45, B-EFebruary 14, 201411.20 gmtClosed EURJPY long trade at 139.45, Break-even. The Euro is stretched to the upside and the big risk is to the downside, so just being cautious.About these adsShare this:Email Facebook Google Related From → Trades

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11.20 gmt

Closed EURJPY long trade at 139.45, Break-even. The Euro is stretched to the upside and the big risk is to the downside, so just being cautious.

For more info: EURJPY: closed at 139.45, B-E

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EURJPY: closed at 139.45, B-E

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Closed EU long and UJ short

Closed EU long and UJ shortFebruary 13, 201412.22 gmtI have reviewed the longer time-frame charts and correlated charts including DXY and 10yr USTs, and I think we will see a bounce in the dollar around these levels. That means UJ will reverse up, yen pairs will rise and EU, even GU will fall.Closed UJ short at 102.02, +13 pips.Closed EU long at 1.3660, +32 pips.About these adsShare this:Email Facebook Google Related From → Trades

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12.22 gmt

I have reviewed the longer time-frame charts and correlated charts including DXY and 10yr USTs, and I think we will see a bounce in the dollar around these levels. That means UJ will reverse up, yen pairs will rise and EU, even GU will fall.

Closed UJ short at 102.02, +13 pips.

Closed EU long at 1.3660, +32 pips.

For more info: Closed EU long and UJ short

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Closed EU long and UJ short

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EURUSD: closed short at 1.3640, -10 pips

EURUSD: closed short at 1.3640, -10 pipsFebruary 12, 20149.09 gmtThis pair is so frustrating to trade these days – I have decided to close the short trade, although the reverse signal is not generated yet.Closed EURUSD short at 1.3640, -10 pips.I am planning to set aside some time over the next few weeks to study EURUSD in depth and figure out a better way to trade such pairs.About these adsShare this:Email Facebook Google Related From → Trades

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9.09 gmt

This pair is so frustrating to trade these days – I have decided to close the short trade, although the reverse signal is not generated yet.

Closed EURUSD short at 1.3640, -10 pips.

I am planning to set aside some time over the next few weeks to study EURUSD in depth and figure out a better way to trade such pairs.

For more info: EURUSD: closed short at 1.3640, -10 pips

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EURUSD: closed short at 1.3640, -10 pips

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USDJPY: closed short at 102.17, -52 pips

USDJPY: closed short at 102.17, -52 pipsFebruary 7, 201414.25 gmtHave decided to close the UJ shorts too.Closed $25/pip short UJ at 102.17, -52 pips.Today’s experience again reinforces some lessons I’ve learned many, many times:1. Never trade fast markets, especially after a big data event like today’s. 9/10 time the prices in the first few minutes are a fake-out.2. It is best to stay out of events like this. I usually would follow this rule but I had to be extra careful due to the long UJ and GJ exposure I still have.Strangely enough its cable that is taking off higher, most other pairs are unsure. The SP500 is up over 1785, which is also strange given the data today. It almost makes one think of conspiracy theories – the SP500 …

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14.25 gmt

Have decided to close the UJ shorts too.

Closed $25/pip short UJ at 102.17, -52 pips.

Today’s experience again reinforces some lessons I’ve learned many, many times:

1. Never trade fast markets, especially after a big data event like today’s. 9/10 time the prices in the first few minutes are a fake-out.

2. It is best to stay out of events like this. I usually would follow this rule but I had to be extra careful due to the long UJ and GJ exposure I still have.

Strangely enough its cable that is taking off higher, most other pairs are unsure. The SP500 is up over 1785, which is also strange given the data today. It almost makes one think of conspiracy theories – the SP500 is being pumped, and with the correlations with yen pairs programmed into the altos, they take care of all other markets.

For more info: USDJPY: closed short at 102.17, -52 pips

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USDJPY: closed short at 102.17, -52 pips

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EURUSD – closed short at 1.3557, -19 pips

EURUSD – closed short at 1.3557, -19 pipsJanuary 31, 20148.41 gmtI’m not feeling comfortable with how EURUSD is behaving, so I have cut my loss and got out of the short trade.Closed EURUSD short at 1.3557, -19 pips.Some factors that influenced this decision were i) My entry is too late as per my system rules. I was counting on a continuation of the downtrend, but that is risky. ii) Today is a Friday, and barring any unexpected event we’re likely to see traders square off positions which means EU might rise after falling all week. iii) As I have observed a few times earlier, there seems to be a strong undercurrent of demand for the Euro despite its economic problems. This often manifests as a sudden squeeze upwards. I don’t feel …

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8.41 gmt

I’m not feeling comfortable with how EURUSD is behaving, so I have cut my loss and got out of the short trade.

Closed EURUSD short at 1.3557, -19 pips.

Some factors that influenced this decision were i) My entry is too late as per my system rules. I was counting on a continuation of the downtrend, but that is risky. ii) Today is a Friday, and barring any unexpected event we’re likely to see traders square off positions which means EU might rise after falling all week. iii) As I have observed a few times earlier, there seems to be a strong undercurrent of demand for the Euro despite its economic problems. This often manifests as a sudden squeeze upwards. I don’t feel like taking the risk.

For more info: EURUSD – closed short at 1.3557, -19 pips

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EURUSD – closed short at 1.3557, -19 pips

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