Tuesday, September 1, 2009

Tuesday 01 September

Ugh.  I spent a great afternoon at the beach yesterday but I have this feeling about today.  This is because my trading suffers on "turnaround Tuesdays".  Often the markets continue the trend from the previous week on Monday and then reverse on Tuesdays.   UK PMI numbers this morning, US PMI later.

AUDUSD short 0.8405, stop 0.8430, DIBS 1hr IB
AUDNZD short 1.2238, stop 1.2261 DIBS 1hr IB
USDCAD short 1.0899, stop 1.0919 - daily shooting star break
GBPJPY short 152.550, stop 152.800, resistance - 17/22 July lows
SILVER short 14.95, stop 15.05, off the $15 level
GBPUSD short 1.6320, stop 1.6350 cheeky news short
USDCAD stopped out (-1.0%)
GBPUSD closed 1.6260 (+2.66%)
GBPJPY banked 50% @3xR 151.80 (+1.5%)
CRUDE short 69.95, stop 70.40, break of $70 - addition
CADJPY short 84.88, stop 85.10
CADJPY stopped out, I'm trying to be too clever :( (-1.0%)
AUDNZD stopped out (-1.0%)
USDJPY short 93.03, stop 93.20, DIBS 1hr IB - addition
GBPJPY short 150.95, tight stop, DIBS - needs to break 150
US PMI and home sales caused some nasty spikes.  Im a dumbass for entering these trades before news to be honest.
USDJPY addition stopped out (-1.0%)
GBPJPY closed BE  (0.0%)
CRUDE addition stopped out (-1.0 %)
AUDNZD short 1.2251, stop 1.2350 - trying again
AUDUSD banked 50% @3xR 83.30 (+1.5%)
EURUSD short 1.4227, stop 1.4247 - SnP broke 1000, seemed like a good idea
SILVER stopped out (-1.0%)
EURUSD closed 1.42005, wil wait til tomorrow for this one  (+1.1%)

+1.44% today so far
Open positions:
GBPCHF short 1.7638
GBPJPY short 152.550
CRUDE short 72.20
USDJPY short 93.30
AUDUSD short 0.8405
AUDNZD short 1.2251

Crude is holding below trendline and my 71.35 cutoff so I am staying short for now


  1. an extra 3% with gj crashing?

    this is the most trades i've seen you take in a day tbh. LEAN MEAN TRADING MACHINE!

  2. Hi Phil
    Yes GJ is v nicely in profit, along with crude ...
    I went a little crazy today, I'm going to try to be better tomorrow and not so many trades.
    I was trying to get really tight stops for better reward and got stopped when I should not have, so will work on more sensible stops ...
    I do wait until trades are in profit before adding more so I don't break my 3% risk rule.