What I missed, What I made.

So last night I was trading the D2 that happend on the Eurusd. Im still in it and up a lil over 100 pips at the time of writing this. I actually entered a few times on 30min breakouts and took profits on those. I have my original entry still left and it is running strong going long. We tapped the Blue River line on the day, if we can break it we may be able to see more Bear action on the eur. It has been in a long upward trend for awhile, so a good drop may be in order, espcially since Mr. B was talking favorably about the dollar this week.

Not to long after I got in the Eurusd, the Eurjpy did what i thought to be a head fake on the 30min consolidation trade that I do. It broke my low then retraced, then broke it again. According to my rules, I need a candle open below my breakou range. By the time I got that my stop would have been about 70 pips. I should have traded it anyway but didn't. Now I wish I did becasue that entry is now up over 150 pips. Not only that but the was possible opportunities for maybe 1 more entry on it. I have been wanting to go long on the Eurjpy because in my opinion the over trend of the day is to short it.

Eurjpy, Going short

So, I got in the Eurjpy on a 30min consolidation breakout. As I was about to get in the trade, my internet dropped. I was flipping out cause these breakouts, when they happen, tend to pay pretty fast. By the time I got my router restarted the market was about 20 pips above the open. So I lucked out and got a GREAT entry that created a 15 pip stop.

Around the same time I got in the 2hr cross on the Eurusd for a sell. That trade hung around until Mr. B started talking favorably about the dollar. When that happened the Eurusd fell like a rock. I think I took about 60+ pips on that until it stopped me out with profits.

Eurjpy Dropped pretty good around the same time. So as you can imagine, I was going crazy trying to keep up with taking profits and moving stops.

My game plan is to keel entery short on the Eurjpy as more 30min consolidations form and break on the short side. We have the Day ROI failing and 4hr BB's being created. 4.30 trades pretty well and consistanly on the Eurjpy, so I will be looking for that as further confirmations to get in. We are also looking at Day trendwall lines to be broken on the short side also.

short target on eurjpy for me is 132.60 area. then 132.15-01 area. So we shall see how the rest of the Eurjpy will act over the next coming days.

What Im Working With

So I finally got my desk set up after 3 months. I cannot wait for next week of trading. Talk about being able to see what's happening. I bought two 25.5" Samsung Tv's from Sam's a few months ago and they have been sitting in their boxes. Im primed and ready.

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

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.

Labor Day

So I plan on staying out until London open on Tuesday. To risky to trade on low volume days. No point in giving money away.

USDJPY Short

So, Im riding the Yen train down. My entry at 93.30 is still paying out nicely. I want to talk about why i got in on it.

1. Day trendwall break. We broke a day trendwall and the hook was happending right when the 2hr BB was hit. It was not a D2, which is why i stayed out of the trade with some of my other accounts that I trade. There was also an annoucement that caused the hook to.
2. 2hr BB. The stop was pretty small, think it was 50 pips. The annoucement allowed me to put in a great cost avg spot at 93.30 with a 17 pip stop.