Friday, October 30, 2009

Fruitful day.

So my sells on the Eurjpy and Usdjpy along with my long position on the Usdcad paid out pretty well. I am going for a record pip total and hope to make it next week. I left all my entries in as we go into the weekend. Moved the stop into "world money" so as to be sure to lock in some profits.

My thoughts on the Usdcad are to stay long on it. We broke on the topside of the downward trend that is has been in for awhile. So I do hope that with the next coming days, my enrty will continue to compound and I will look for new places to enter long and let it ride.

Usdjpy has taken a nice drop back into the downward trend is has been in. I have a target of 89.70 area which we are only 30 pips away from. We should see the Usdjpy retrace back bull before another surge bear happens.

As for the Eurjpy, looks like it to is falling back into the downward trend that it had previously been in. So I will look for more bear entries on this pair during next week also.

Good stuff. This was a very fun week of trading for me. Feels very good to start back into my trading routine with a week like this.

Pip T

Thursday, October 22, 2009

Where in the world have I been?????

Well, this move has taken more time out of my trading life then I ever could have imagined. Im in the house, and have internet so I got that going for me. I was also able to do some trading while in Cancun. that was actually pretty cool. Internet only worked from the room, so I was not able to trade on the beach like I wanted to but i probably would have gotten sand in my laptop or something crazy like that.

Now on to trading. I have been trading the 4:30's on the GbpJpy along with a few Day 2's and 1.5's along the way. Allso added a consolidation trade to my trading, complements of the Cisco Kid.

Total pips I got was lil over 400 pips this week. I got stopped out of the long position i have on the GBPJPY as it was climbing to my target of 154.60 area. An annoucement made it drop like a rock. Now it looks like it want to get back into the upward trend that it was in. So we shall see.

At the time of writing this I am currently shorting the USDJPY at 91.28, shorting the EURJPY at 135.47 and I still have an invesment entry on the USDCAD at 1.0637. I see some possible day trendwall breaking on the CAD which is why i still have this position in. I took profits on this entry already, so I could get stopped out. Its my "Don't Care" entry so i dont even look at it anymore.

I will be posting more often as I continue to trade to the goal of $95k.