BEFORE A WORKING DAY!!
1. OVERLEVEREGING!!!
2. OVERLEVEREGING!!!
3. NO JUMPING IN THE POSITION!!!
4. CASH IN!!!
5. GET OUT!!!
6. END A DAY IN GREEN!!!
Monday, August 29, 2011
RULES AND A DAILY REMINDER
BEFORE A WORKING DAY!!
1. OVERLEVEREGING!!!
2. OVERLEVEREGING!!!
3. NO JUMPING IN THE POSITION!!!
4. CASH IN!!!
5. GET OUT!!!
6. END A DAY IN GREEN!!!
Friday, August 19, 2011
Wednesday, August 17, 2011
CHFJPY and summary of August
Discipline is a madafaka! When there are no trades on a table I get a bit nervous and try to trade big moves in 5 minutes like there was on EURCHF today. Was buying and selling the cross and later on on 1.1300 (BE) got stucked in a position (long) when the market was around 1.1230. Was down overall 700 pips. (10 positions I made when the market was falling). I decided that I will risk the whole account for protecting this trade.
I always liked JPY - my first account was wipped out by EURJPY so let us try this pair instead. On a weekly we can see lots of selling pressure around 105 level - strong resistance. CHF weakness in last days is solid (my opinion behind this is, that lots of big madafakas are getting out of CHF long and this is reason for high vollatility and CHF weakness and not EURCHF peg and other bullshit. The trend is getting old!JPY I like really much right now and I also expect that USDJPY did not said a last word till now so we should give this one a go. On a daily big trendlines are being crossed and if we stay under 99.80 for close I think we are safe to short this beauty! This selloff stopped at on H4 at 365MA and on 1920/1600 MA on 1H which are my favorite MAsss We should see another selloff from here on and try to get a hold of JPY. If we break 95 level we should see a test of 88 in next few months. Carry here is also minimum so let us play!
I GOT LUCKY!
Well, I managed to cash in 100 pips but this is not the way to trade. Pretty angry with myself REASONINGOK, will trade from now on only on orders which will boost my patience and control of the trade. Now holding 2 orders on EURAUD: One is long at 1,3640 and short at 1,4025.Will try to post also on other oppurtunities! My summary for AUGUST: +570 pips+100 pips on last crazy one which could be -700plus!
I always liked JPY - my first account was wipped out by EURJPY so let us try this pair instead. On a weekly we can see lots of selling pressure around 105 level - strong resistance. CHF weakness in last days is solid (my opinion behind this is, that lots of big madafakas are getting out of CHF long and this is reason for high vollatility and CHF weakness and not EURCHF peg and other bullshit. The trend is getting old!JPY I like really much right now and I also expect that USDJPY did not said a last word till now so we should give this one a go. On a daily big trendlines are being crossed and if we stay under 99.80 for close I think we are safe to short this beauty! This selloff stopped at on H4 at 365MA and on 1920/1600 MA on 1H which are my favorite MAsss We should see another selloff from here on and try to get a hold of JPY. If we break 95 level we should see a test of 88 in next few months. Carry here is also minimum so let us play!
Thursday, August 11, 2011
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