Monday, August 31, 2009

Start of a new Month

So Im in the GBPCHF going long with three entries: 1.7265 (D.4.1), 1.7214 (cost avg) and 1.7245 (D.4.2.1). Right now I am just waiting. Gonna hold the positions as long as I can. I think this a very low spot where we are at. Once we can break the 2hr Red river line we should hv smooth sailing. The day ROI is really low in the channel and has been trying to cross up for awhile now. We have week river in agreement with us also. When we get above the blue river line ont he week, we should see more bear.

Friday, August 21, 2009

D2 Come Back

Finally got some good D2 action tonight. As it stands right now I am up 140 pips in usdjpy, 40 pips on the eurusd and 30 pips on the usdchf. I passed on the gbpusd D2 cause the 2hr looked kinda flat and project ROI was not growing enough for me to trade.

So I have taken profits and now all I left are my "Don't Care" entries. I will let these marinate and go back to sleep. Hope they continue to pay out and I can be up over 100 pips going into the weekend. If so I will continue to hold them and come Monday look for more reasons to get back in.

Good night.

Thursday, August 20, 2009

My Goodness!!!!!!

So if you didn't know, I have been moving for most of this month. Took losses with everyone during that last week of July and first week of August on those D2's that where failing left and right because of announcements.

With the move and all, I was finally able to get a few minutes and get into the D2 on the Usdjpy. As I am writing this, I am currently up about 70 pips on my "Don't Care" entry. I am even considering getting in again on a small entry when the 2hr crosses again later on today. I know the day is failing, but this would only be the second cross on this D2, but if we breach the previous days low of 93.66 we should see it fall to at least 92.94-93.10 area which is one of my targets. If we breach 93.66 we should also see the day ROI open back up.

We had a fresh Day ROI cross last night on the UsdhChf, and currently waiting for the 2hr to reload and get into agreement. Looks like we might have a stop around 1.0690 area with a few S90's to help with resistance for us. I have a short target of 1.0520.

The EurUsd will have a fresh Day ROI cross tonight. I have a long target of 1.4370 area to try and trade too. A good stop has not be created in my opinion just yet. Think we will see a little more bear before we go bull and get in.

So the big question is how is my challenge going?

Poorly. I was doing really good until those losses beat me up. Then I have been moving this whole month. As it stands right now my account sits at about $3900. I should be back to my starting balance plus profit once these D2's on the Eur and Chf start.

I still think I will be able to hit the challenge in a short time period. I have some plans and also a few new trades that we have been working on that I think will help hit the mark in a short time period. Keep following me on my journey to $5k to $95k in 90 Days.

Tuesday, August 4, 2009

Plans for this week.

So I plan on waiting for the gbpusd 2hr to get into agreement with the day. That will probably happen in the am seeing that we are still in the 100 area for projected ROI's.

We are also having a Day BB happening tonight on the EurUsd. That should be a good play also.

It will be a crazy week for me since I am moving, so I will not be able to do to much, but I know I will not miss these trades.