Archive for Disabled Traders Program
Disabled Traders Program #100 for 2010
G’day traders. Short and simple today because unfortunately this morning’s Asia session wasn’t terribly friendly. It was a brief return to the difficult times of a few months ago, when the Yen pairs had a habit of playing Jekyll and Hyde.
Without sounding all doom-and-gloom (I am still in profit for the week, after all) the fact that EUR/JPY got to +45 pips before eventually being stopped out for -37 pips really leaves a nasty taste in your mouth. In hindsight, I should have locked in 15-20 pips before the pair started to rise… but that is a lesson learned from today. GBP/JPY at least never teased me with the idea that it was going to reach profit. It started and ended in a bad mood… but stop-outs happen and it’s important to realise that they are as much a part of trading as anything else.
Here’s hoping Friday gets me back on track in time for the weekend.
Disabled Traders Program #99 for 2010
Despite finishing in profit, the last trade of yesterday’s Asia session left me wondering if today might be a tough assignment. However I need not have given it a second thought, as I banked yet another day of 100% success for trades closing in profit.
EUR/JPY was my Trade of the Day, making 50 pips and never even looking like threatening the stop of -37. AUD/USD was similar, in that it never threated the initial stop of -37 but it’s movement was much slower. This allowed me to progressively move the stop price further and further into profit, until I ultimately secured 30 pips and another successful Asia session total of 80 pips.
This ALREADY puts me over half way to the next milestone of +3,000 pips! I’ve said it before and I will say it again… There is no better job in the world than trading FOREX in a friendly market.
Weekly Performance = +108 pips
Total for 2010 = +2,558 pips
Disabled Traders Program #98 for 2010
It’s good to mix things up now and again – and this Asia session provided 2 trades that were slightly different from what has been providing so much success in the last few weeks.
The good news is – both trades were still profitable!
The first trade was a LONG position on GBP/JPY. Although there aren’t too many long trades called, this one didn’t come as too much of a surprise. Both GBP/JPY and EUR/JPY have experienced strong down-trends in recent weeks, so it’s reasonable to assume that what goes down will, in some way, go back up. This got us off to a positive start and locked in 15 pips.
The second trade was a SHORT on AUD/USD – meaning that there were no shorts on EJ or GJ, which I have almost come to expect lately. After moving sideways for an hour, favourable news (for traders anyway) came through in regards to the Australian unemployment rate – and the Aussie dollar dived straight to its 30-pip target.
So that’s another 45 pips locked away in what is turning out to be a stellar August. At this rate, I could be celebrating +3,000 pips by the end of the month!
Trade of the Day:
Disabled Traders Program #97 for 2010
Hello again, traders. Another Asia session and another set of profitable results. Things are really rocking and rolling in the right direction, these days!
The Yen pairs, EJ and GJ, were on their best behaviour today. Recently they have been finding profit, although one would perform better than the other. Today they both reached their full potential and in fact ran well beyond our set profit targets. That’s certainly a welcome sign in terms of liquidity – and the 100 pips profit just continues to make my account balance look more and more stunning!
I can’t wait to see what tomorrow has in store.
Trade of the Day:
http://www.youtube.com/watch?v=i2Ed79ft0rM
Weekly Performance = +180 pips
Total for 2010 = +2,405 pips
Disabled Traders Program #96 for 2010
Another new week has been kicked off to a great start by a profitable Asia trading session!
This session followed on seamlessly from last week. In all 4 trading days there were 2 trades called in each session I traded and all positions ran to profit. It was an ideal week. Today has given me a good feeling that this week could be even better.
EUR/JPY gave me my “Trade of the Day”, with 50 pips profit reached in just over half an hour! This was followed by a solid 30 pips from AUD/USD, which means today was another day without a stop loss. It’s already looking like the journey from +2,000 pips to +3,000 pips is going to be much smoother and faster than the time taken between +1,000 and +2,000 pips.
Trade of the Day:
http://www.youtube.com/watch?v=GlckEgu5kE4
Weekly Performance = +80 pips
Total for 2010 = +2,305 pips