Missed the earthquake trade last night on the EU. Man, was that a sweet trade.
Will give this opening trade a shot and see how it goes....
Tuesday, April 28, 2009
Monday, April 27, 2009
Saturday, April 25, 2009
Calculating last weeks results
Using the adjusted probability bands, the results on the Euro and the GBP/JPY crosses are very encouraging.
April 20th: London New York
Euro: Break Even Break Even
GBPJPY: No Trade -40
April 21st: London New York
Euro: +47 +96
GBPJPY: +161 No Trades
April 22nd: London New York
Euro: +24 +85
GBPJPY: +30 +192
April 23rd: London New York
Euro: +14 -115
GBPJPY +47 +28
April 24th: London New York
Euro: +46 +34
GBPJPY: +51 +125
Total: London New York Combined
Euro: +131 +100 +231
GBPJPY: +289 +305 +594
Please note these are very conservative exits. On almost every trade if you had trailed the position with a moving average or even a simple trendline you would have yielded much greater returns.
Adjusting the bands for the open
Today I adjusted the probability bands to be more responsive by resetting them for each market open.
For each major open (New York and London), the bands were adjusted.
Here are the improved results.
Will show New York first.
Sunday, March 16, 2008
Rather than fall into the egotistical trap of holding an outdated and simplistic expression as the lock to a potentially profitable and rewarding experience, I am going to write a manual how to trade for the local investors in Vietnam. (I'm referring to the notion, those who can DO and those who can't teach.) As a foreigner and a fluent English speaker there are vast resources available for free on the web that I can absorb easily and efficiently. Whereas many Vietnamese without either investing experience or fluent English skills cannot absorb things so easily. So, a guide is in order.
Why not just recommend a great book like Trader Vic or Market Wizards? Still, the same problem, language.
I will cull the best bits of wisdom and methods I have used to trade successfully and not so successfully.
Sure I'm not a millionaire trader yet and I still suffer severe draw downs for purely disciplinary reasons--my systems are solid I am confident in this finally after years of tinkering. I am sure I can be an asset to the people around me everyday. Not to mention I could create quite a niche market for myself. Perhaps even set up an IB for a forex broker and share in on my students potential success.
So I will be blogging more general about methods and trading ideas than in the past. I will start tomorrow with a general outline of what needs to be presented.
This ought to make me a better trader, or at least a more clear headed one. I would like to think of myself as on the cusp of financial Independence through trading. As a lifetime student of the trading markets, I think becoming a teacher of trading can be the first big step to a maturing process.
Why not just recommend a great book like Trader Vic or Market Wizards? Still, the same problem, language.
I will cull the best bits of wisdom and methods I have used to trade successfully and not so successfully.
Sure I'm not a millionaire trader yet and I still suffer severe draw downs for purely disciplinary reasons--my systems are solid I am confident in this finally after years of tinkering. I am sure I can be an asset to the people around me everyday. Not to mention I could create quite a niche market for myself. Perhaps even set up an IB for a forex broker and share in on my students potential success.
So I will be blogging more general about methods and trading ideas than in the past. I will start tomorrow with a general outline of what needs to be presented.
This ought to make me a better trader, or at least a more clear headed one. I would like to think of myself as on the cusp of financial Independence through trading. As a lifetime student of the trading markets, I think becoming a teacher of trading can be the first big step to a maturing process.
Tuesday, March 4, 2008
Great trade to start the week
Back from a relaxing but inpsiring trip to the Highlands. Shaking off the
frost with a swingin day on GBP/JPY. Market opened with a huge
downgap--would seem the Yen has regained its foothold on the currency
markets again. Ws expecting a retreat before strengthening. But you can
never predict that beasts will =)
frost with a swingin day on GBP/JPY. Market opened with a huge
downgap--would seem the Yen has regained its foothold on the currency
markets again. Ws expecting a retreat before strengthening. But you can
never predict that beasts will =)
Doesn't matter. It's irrelevant to my intraday methods now. I really feel
liberated by my current method. It seems regardess of the market
condition, it preforms reasonably well, with the exception of a stalled
trend that doesn't pullback enough for me to exit the countertrend signals
which inevitably form under these conditions. Lately all trends have been
very strong and direct, no half steps necessary allowing full extraction
of profits.
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