Closed all trades, hedged GBPJPY

Closed all trades, hedged GBPJPYJanuary 16, 201412.06 gmtI am travelling tonight (Singapore time) until Tuesday morning next week. Co-incidentally UJ and GJ have generated sell signals, and EU has generated a long signal right now. Considering all factors, I’ve decided to take profits in all open trades and hedge GY which looks a little heavy.USDJPY: closed at 104.72, +104 pips, +7.5%EURJPY: closed at 142.51, +62 pips, +3.3%AUDUSD: closed both short trades at 0.8786, +101 average pips on $16/pip size. +10.5%. System is still clearly short this pair, I feel reluctant to exit. But I note that nobody ever lost money taking profit!GBPUSD: closed short at 1.6334, +38 pips, 2.3%. System is still short this pair, so again I am reluctant to close it but have to …

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12.06 gmt

I am travelling tonight (Singapore time) until Tuesday morning next week. Co-incidentally UJ and GJ have generated sell signals, and EU has generated a long signal right now. Considering all factors, I’ve decided to take profits in all open trades and hedge GY which looks a little heavy.

USDJPY: closed at 104.72, +104 pips, +7.5%

EURJPY: closed at 142.51, +62 pips, +3.3%

AUDUSD: closed both short trades at 0.8786, +101 average pips on $16/pip size. +10.5%. System is still clearly short this pair, I feel reluctant to exit. But I note that nobody ever lost money taking profit!

GBPUSD: closed short at 1.6334, +38 pips, 2.3%. System is still short this pair, so again I am reluctant to close it but have to do so under the circumstances.

EURUSD has generated a long signal at current levels (1.3610) with a stop around 1.3575, but I am not taking it due to the travel.

Opened a new short GBPJPY $10/pip at 171.01. This hedges the long I am carrying from 172.89. So I have no net exposure over this travel period if I don’t open any new trades.

Edit 12.40 gmt:

It took me quite some time to enter all the trades data into my worksheet and into the post, with all the pips calculations, etc. When I finished the post and looked at the charts, UJ has rolled over, taking EJ & GJ down with it. So my timing was good – some good luck with me these days

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Closed all trades, hedged GBPJPY

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Long UJ, EJ

Long UJ, EJJanuary 14, 20149.05 gmtMy system generated long signals in all the yen pairs earlier today, at about 4.00 gmt. The levels at that time were UJ = 103.35, EJ = 141.32.I hesitated, because I’ll be travelling this weekend, from Thursday night till Monday night next week. I am concerned about keeping trades open when I travel, but after seeing how the pairs have moved in the past 2 hours, I am tempted. I am going long UJ & EJ at order sizes a little smaller than my rules recommend. Depending on where the market is on Thursday night, I may get out or leave hard / trailing stops in the trades.Long $10/pip USDJPY at 103.68Long $8/pip EURJPY at 141.89.Edit 9.58 gmt:Crap! I overlooked the UK CPI data release …

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9.05 gmt

My system generated long signals in all the yen pairs earlier today, at about 4.00 gmt. The levels at that time were UJ = 103.35, EJ = 141.32.

I hesitated, because I’ll be travelling this weekend, from Thursday night till Monday night next week. I am concerned about keeping trades open when I travel, but after seeing how the pairs have moved in the past 2 hours, I am tempted. I am going long UJ & EJ at order sizes a little smaller than my rules recommend. Depending on where the market is on Thursday night, I may get out or leave hard / trailing stops in the trades.

Long $10/pip USDJPY at 103.68

Long $8/pip EURJPY at 141.89.

Edit 9.58 gmt:

Crap! I overlooked the UK CPI data release at 9.30 which I know would impact all pairs. Usually I would wait for that event to pass before entering this trade.

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Long UJ, EJ

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Long EURUSD again @ 1.3619

Long EURUSD again @ 1.3619January 7, 201416.22 gmtGot suckered by the 4pm London fix volatility again!!I looked away from the charts after the 4pm fix when I wrote my last post, and when I come back EU has moved smartly upwards. My system was indicating a bit of uncertainty with a slightly bullish bias, but with the ECB event risk in mind I thought I’ll get out and stay out. But the action now confirms the short-term upward bias. We should at least make it to the 38 Fibo of the recent drop from 1.3894 which comes in at 1.3695. So I am long again, and this time the risk is also clearer with the pair having tested and rejected 1.36.Long $10/pip EURUSD @ 1.3619. SL 1.3570.About these adsShare this:…

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16.22 gmt

Got suckered by the 4pm London fix volatility again!!

I looked away from the charts after the 4pm fix when I wrote my last post, and when I come back EU has moved smartly upwards. My system was indicating a bit of uncertainty with a slightly bullish bias, but with the ECB event risk in mind I thought I’ll get out and stay out. But the action now confirms the short-term upward bias. We should at least make it to the 38 Fibo of the recent drop from 1.3894 which comes in at 1.3695. So I am long again, and this time the risk is also clearer with the pair having tested and rejected 1.36.

Long $10/pip EURUSD @ 1.3619. SL 1.3570.

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Long EURUSD again @ 1.3619

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AUDUSD: closed short at 0.8962, -21 pips

AUDUSD: closed short at 0.8962, -21 pipsJanuary 6, 201416.25 gmtAUDUSD is not behaving as expected and is close to invalidating its short signal. My reading of the charts is that it needs to go a bit higher before it turns down again, so I have closed this short.Closed AUDUSD short at 0.8962, -21 pips, -1.8%.About these adsShare this:Email Print Facebook Google RelatedFrom → Trades

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16.25 gmt

AUDUSD is not behaving as expected and is close to invalidating its short signal. My reading of the charts is that it needs to go a bit higher before it turns down again, so I have closed this short.

Closed AUDUSD short at 0.8962, -21 pips, -1.8%.

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AUDUSD: closed short at 0.8962, -21 pips

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Planning to close all trades soon

Planning to close all trades soonJanuary 3, 201415.14 gmtI’ve just entered a limit order to close the EU shorts at 1.3595, which is not far (current level 1.3600).I’ll observe the market and am looking to exit the GU and GY shorts also in the next hour or so.About these adsShare this:Email Print Facebook Google RelatedFrom → Trades

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15.14 gmt

I’ve just entered a limit order to close the EU shorts at 1.3595, which is not far (current level 1.3600).

I’ll observe the market and am looking to exit the GU and GY shorts also in the next hour or so.

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Planning to close all trades soon

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Trade discipline

Trade disciplineJanuary 2, 201415.40 gmtThis morning my system gave a short signal in EURUSD and I exited my EU long at 1.3762. I didn’t flip since I already have an $8/pip short at an average of 1.3668. For a moment, I contemplated adding to my short, but decided against it on the grounds that it would make my EU exposure too large. Good risk management discipline.Since then EU has fallen almost 150 pips today. I wish I had added to my shorts. But then I remind myself to be patient and focus on the trade, not the money. As long as I trade well, the money will add up. This is a difficult discipline to master, I can attest to it. But my goal is long-term consistent profits, so …

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15.40 gmt

This morning my system gave a short signal in EURUSD and I exited my EU long at 1.3762. I didn’t flip since I already have an $8/pip short at an average of 1.3668. For a moment, I contemplated adding to my short, but decided against it on the grounds that it would make my EU exposure too large. Good risk management discipline.

Since then EU has fallen almost 150 pips today. I wish I had added to my shorts. But then I remind myself to be patient and focus on the trade, not the money. As long as I trade well, the money will add up. This is a difficult discipline to master, I can attest to it. But my goal is long-term consistent profits, so I’ll stick to my discipline and trade well.

Good luck to you all!

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USDJPY: Closed long at 105.05, +24 pips

USDJPY: Closed long at 105.05, +24 pipsDecember 30, 201315.49USDJPY has generated a sell signal and I’ve decided to take profit here. I expect the dip to be small and short, so I am not reversing here. It’s also the end of the month / year so I am not opening a new trade.Closed USDJPY long at 105.05, +24 pips.About these adsShare this:Email Print Facebook Google RelatedFrom → Trades

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15.49

USDJPY has generated a sell signal and I’ve decided to take profit here. I expect the dip to be small and short, so I am not reversing here. It’s also the end of the month / year so I am not opening a new trade.

Closed USDJPY long at 105.05, +24 pips.

For more info: USDJPY: Closed long at 105.05, +24 pips

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USDJPY: Closed long at 105.05, +24 pips

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Long USDJPY at 104.81

Long USDJPY at 104.81December 26, 201313.58 gmtMy system gave a long signal in this pair since 104, and I was hoping for a pullback to at least 104.20 but it hasn’t obliged. I am therefore entering here with a small order and a wide stop.Long $4/pip USDJPY at 104.81, SL 104.25.About these adsShare this:Email Print Facebook Google RelatedFrom → Trades

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13.58 gmt

My system gave a long signal in this pair since 104, and I was hoping for a pullback to at least 104.20 but it hasn’t obliged. I am therefore entering here with a small order and a wide stop.

Long $4/pip USDJPY at 104.81, SL 104.25.

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Long USDJPY at 104.81

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EURAUD – closed at 1.5327, -31 pips

EURAUD – closed at 1.5327, -31 pipsDecember 24, 201316.21 gmt, Dec 24.This pair is not going anywhere and the carry cost makes it not worth holding long.Closed EURAUD short at 1.5327, -31 pips.I’m going into the holidays with short EU and short AU positions, both slightly underwater right now.Happy Holidays to all of you!About these adsShare this:Email Print Facebook Google RelatedFrom → Trades

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16.21 gmt, Dec 24.

This pair is not going anywhere and the carry cost makes it not worth holding long.

Closed EURAUD short at 1.5327, -31 pips.

I’m going into the holidays with short EU and short AU positions, both slightly underwater right now.

Happy Holidays to all of you!

For more info: EURAUD – closed at 1.5327, -31 pips

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EURAUD – closed at 1.5327, -31 pips

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New: long EURUSD @ 1.3534

New: long EURUSD @ 1.3534November 26, 201300.01 gmtDecided to go long, as per the earlier trade.Long $5/pip @ 1.3534, SL 1.3483The EJ looks more uncertain, so I’ll hold off on it.p.s. Edit 00.35 gmtI will be busy today and will not have time to look at the markets until after London open. Therefore I have put in a limit order to close the EU long at B-E. And if it crashes to below 1.35, I will get out.Another example of how real life interferes with trading plans About these adsShare this:Email Print Facebook Google From → Trades

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00.01 gmt

Decided to go long, as per the earlier trade.

Long $5/pip @ 1.3534, SL 1.3483

The EJ looks more uncertain, so I’ll hold off on it.

p.s. Edit 00.35 gmt

I will be busy today and will not have time to look at the markets until after London open. Therefore I have put in a limit order to close the EU long at B-E. And if it crashes to below 1.35, I will get out.

Another example of how real life interferes with trading plans

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New: long EURUSD @ 1.3534

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Long AUDUSD @ 0.9386

Long AUDUSD @ 0.9386November 19, 20131.25 gmtAUD has just bounced off a s-t trendline and provides an attractive entry level here. Missed a good entry at 0.93 – 0.9320 yesterday, but this is close enough.Long $5/pip AUDUSD @ 0.9386, SL 0.9348About these adsShare this:Email Print Facebook Google From → Trades

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1.25 gmt

AUD has just bounced off a s-t trendline and provides an attractive entry level here. Missed a good entry at 0.93 – 0.9320 yesterday, but this is close enough.

Long $5/pip AUDUSD @ 0.9386, SL 0.9348

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Long AUDUSD @ 0.9386

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Also closed EU; +49 pips

Also closed EU; +49 pipsNovember 14, 20139.45 gmtThe GBP drop and USDJPY strength is causing a general strength in the USD, which I guess will bring the EU down a bit, although the big picture still looks bullish. I have therefore closed my long for a decent profit and will stay on the sidelines for now.Closed long EURUSD (from 1.3398) at 1.3447 for +49 pips.Share this:Email Print Facebook Google From → Trades

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9.45 gmt

The GBP drop and USDJPY strength is causing a general strength in the USD, which I guess will bring the EU down a bit, although the big picture still looks bullish. I have therefore closed my long for a decent profit and will stay on the sidelines for now.

Closed long EURUSD (from 1.3398) at 1.3447 for +49 pips.

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Also closed EU; +49 pips

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Short EURUSD @ 1.3770

Short EURUSD @ 1.3770October 30, 201316.02 gmtThe daily & weekly charts of the Euro show the Euro at a pretty strong resistance level, and my shorter-timeframe system generated a sell signal last Friday, confirmed yesterday. The current level is still an attractive short, with a very clear SL level close by, so I’ve taken the short trade:Short $5/pip EURUSD at 1.3770, SL at 1.3820.Share this:Email Print Facebook Google From → Trades

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16.02 gmt

The daily & weekly charts of the Euro show the Euro at a pretty strong resistance level, and my shorter-timeframe system generated a sell signal last Friday, confirmed yesterday. The current level is still an attractive short, with a very clear SL level close by, so I’ve taken the short trade:

Short $5/pip EURUSD at 1.3770, SL at 1.3820.

For more info: Short EURUSD @ 1.3770

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Short EURUSD @ 1.3770

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New short GBPUSD @ 1.6173

New short GBPUSD @ 1.6173October 23, 201314.45 gmtThis is as per the system signal. These days I barely look at the charts or the news – perhaps a few minutes at night and mornings (Singapore time). That sort of works to my advantage, since I have been trying to follow my system blindly, but too much screen time always distorts one’s thoughts. Let’s see how this works out.Short $5/pip GBPUSD at 1.6173, SL at 1.6252.The Aussie has also generated a sell signal, but I am hoping for a little bounce to catch it near 0.9650.About these adsShare this:Email Print Facebook Google From → Trades

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14.45 gmt

This is as per the system signal. These days I barely look at the charts or the news – perhaps a few minutes at night and mornings (Singapore time). That sort of works to my advantage, since I have been trying to follow my system blindly, but too much screen time always distorts one’s thoughts. Let’s see how this works out.

Short $5/pip GBPUSD at 1.6173, SL at 1.6252.

The Aussie has also generated a sell signal, but I am hoping for a little bounce to catch it near 0.9650.

For more info: New short GBPUSD @ 1.6173

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New short GBPUSD @ 1.6173

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