2010-08-31 +20 pips.

1: daily is flat 3hourly flat hourly up 15minute up 5 up
2: News to come is:7:00 CC
3: What's the main event just happened that move the market? and is it trendy? Home price is better that saves the SPY, from -9 to +1 now and EU stock market turns back save the pair from 1.2625 to 1.2730 now. It's trendy up.

4: What do you think the market will do today? moving up

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
buy dip
Do you take half at 1R?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3




1040 of ES is tested again and amazingly bounced another 12 pips... now it's at 1052.

2010-08-30 -5 pips.

1: daily is flat 3hourly flat down hourly flat down 15minute down 5 down
2: News to come is: N/A
3: What's the main event just happened that move the market? and is it trendy? Market was expecting BOJ to do something more but they only provided what's basic. JPY pairs was sold overnight, There is no market open in UK as holiday today. ES was down from the high last night about 10 pips.

4: What do you think the market will do today? keep going down.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
short the pop.
Do you take half at 1R?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3

I didn't follow the plan, it all started I wanted a scalp at 1.2694 level, I only wanted a 5 pip or so scalp, because I was waiting for a pop to short and I feel bored. Of course it failed I was stopped out, then I went long at 75/76 level, and sold some at 80 to 85 level, then I started hoping it go get back to 110 which was where I started in the morning. It never did, in fact it take my rest of the position out at 65, and I long again, with stop at 58, I close all of them at 76, with a net loss of -5 pips. Not very good trading today as I didn't follow the plan I had.

Today's activity is really light, as when it's breaking down side of 1.2675, which was the support for the past couple days, it couldn't break much, it choppy there, I guess UK didn't open today was one of the reason.

Anyway, I will let go easy today and tomorrow, so that the end if month record will be good.

I'm still holding long position on AUD/JPY AND USD/JPY, last night's BOJ meeting was boring and disappointed. I added some more after the meeting but didn't move my stop.

2010-08-27 +60 pips

1: daily is flat 3hourly down flat hourly sliding up 15minute flat up 5 choppy flat
2: News to come is: BB speak at 7:00.
3: What's the main event just happened that move the market? and is it trendy? nothing special, UK housing and GDP is better but that didn't matter, US GDP better, ES up 7, but that didn't matter yet, the pair is stuck between 1.2700 and 1.2740. Russia has been buyer AND seller for overnight session.

4: What do you think the market will do today? range, up move in short term. currently at 1.2723, see how it handle 1.2740.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying the dip
How many pips it risk? 20

what's the daily limit and daily risk now? 60/20/3

BTW, the bidding war between HP and DELL went crazy, a 5$ company now is 30$

6:35, 5 minutes after stock market open, ES cool down little, from +9 to +6. EU at 1.2714, very quite morning because BB speaks in 25 minutes.

6:55 U Mich better than expected, but es didn't rally much, I shorted at 35/40 level and take profit at 30. As BB is talking in 5 minutes.

7:00 initial reacting to BB talk is downdowndown, ES now -4, and EU 1.2690 I'm only watch, spread from OANDA is too big, not worth of trading.

And BB says:" "despite this recent slowing, however, it is reasonable to expect some pickup in growth in 2011 and in subsequent years.""
This actually match with my view as well, we are bad, but we are not that bad.

This is an early trade.



this is a missed news traded. I TILT a little, but as long as it's below 1.2740, it's still valid, if it breaks above, I need to swallow the blood.



9:37, 2 hours after BB speak, market react pretty well after the initial down side move, I didn't buy eu but I bot some AUD/JPY, as I had a long position from 100 pips away, not really bother about getting to BE or lose it, it turns out good as I took profit at 80 pips... the old long position is still there and targetting another 100 pips maybe. I also have long usd/jpy and IWM.

As of IWM, I'm thinking take it at the end of the day, as I already have 1$ on the table, don't want to lose it after the weekend. BB's talk has a bad track record that flip after days. Will see what happens.

I sold all of my IWM at 61 level, it went up to 61.7 at close, the problem is that I have done this twice, last time was also BB talk, he give the word "uncertenty" and market tanked. I loaded up with IWM and other shares, but I exit the next day with about 2% in profit, it rally next for about 10%. Let's see if this time it goes 10% next week.


And here is the chart for 5 minutes of the day, it's FLAT, before the news and after the news. The right way is the not trade the news, as Oanda's crazy spread and fast move hard to set stop for the new. Before the new trade, need really to sell high or buy low to make profit, such as today can sell 1.2740, which is the previous high, shouldn't jump in too early.

2010-08-26 +20 pips TILT

1: daily is flat 3hourly down, just reject by ema62 last night's high, hourly flat up, bounce from ema62 last night of 1.2660 level 15minute flat up 5 flat.
2: News to come is: no
3: What's the main event just happened that move the market? and is it trendy? GFK has better news and China buying later one send to 1.2746, then BIS and russia sell to the low and then China buying again and SNB selling. anyway, its' a choppy no trend night ranging 1.266 to 1.275.

4: What do you think the market will do today? choppy up. largely depends on what ES will do, ES looking like pretty bullish, just turned from major down trend for 4 days.

5: Were you right about the market? (After the trading session)
I was right about it choppy up, it tested 1.2760 level, but then fail back to 1.27 at close. I was wrong about the relationship with ES and ES turned to red after all.

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying the dip
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3



TILT again, mini TILT. it happens when I'm almost done for the day, it's probably the last move of the day for e/u as well.

2010-08-25 +30 pips

1: daily is flat then down 3hourly down hourly down 15minute flat down 5 flat
2: News to come is: new home at 7:00
3: What's the main event just happened that move the market? and is it trendy? ranging between 1.2720 and 1.2610. IFO news push it up to 1.2720 and then BIS/Russia selling plus PIIGS bonds worry push it down 1.2610, durable goods's missed news seems push it higher from 20 to 50. It's kind of like two bad brothers racing to see who is worse.

4: What do you think the market will do today? continue ranging, see how it react to the news of new home.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying dip
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk? 20

what's the daily limit and daily risk now? 60/20/3

I sold 2x at 1.2673 level after the news of new home sale, then covered at 60 level.

2010-08-24 -50 Pips and TILT

1: daily is d 3hourly d hourly d 15minute d 5 d, it's not often to see all timeframe down, time to buy?
2: News to come is: 7:00 Home sale.
3: What's the main event just happened that move the market? and is it trendy? JPY is the focus today, EUR/USD is just sliding with it, not the focus of overnight, but it will be in US session. JPY pair tanked overnight and stock future down 13. 1.2615 seems to be the cap for eur/usd, after it, long will have a better chance.

4: What do you think the market will do today? ddd

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
short the pop.
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3


I traded poorly, as I TILT.
Here is the link about TILT.


I so lucky to be ONLY down 50 pips today, there was a -300 pips at a moment.

Actually this morning's movement wasn't surprise, we have some bullish sign already as it went from 1.2596 level to 1.2625 level before US stock market open, and then when it opens, when never ES drop 1 or 2 points, EU hardly moved down, when ES goes up, EU goes together.

I had a short position average at 1.2626 with 3x size before the housing news, lucky I closed it as I thought the wide spread will take me out during the news.

Right after the news, it spiked little and then drop to 1.2615, I was like WTF.... let's short when it pop, sure it pop to 1.2630 where it was the high before news, I was stopped out there, then I shorted 50 60 70 90 and 100. I will in TILT mood fully until I shorted at average 1.2702 with 11x size. I closed all of them at 1.2670 and dare not to look at chart anymore. I was still down 50 pips for today, but it could be -20% of the account at worst case. And now it's only -1.5%.. Lucky me.

There is a key moment when it break 30, I was asking myself if I would like to flip my position, I don't have an answer yet because it went too fast to pass my stop. Then I said screw it let's go all IN. That's the early sign of TILT...

I'm just trying to record the signs and pattens of TILT so that I can avoid it early on, I won't be that luck next time. But if I can limit my lost to -5%, it would be better than -20%.


Another note is, I bot some IWM and it's about 1% in profit now, I'm not feeling pressure on my capital anyway, it's only the TILT need to be addressed.


I actually realized this way early, as you can see the previous couple days, I was reducing my size already. I break my entry to 1/3 or 1/2 but I think what's missing is what if I got stopped out, what's the reason behind the trade and if it's still valid after the stop.

Today's upside squeeze has news behind it, US housing was horrible then there will be more action from FED and then the USD bulls will get killed.


Anyway, a reason for the trade, and revist the reason is needed.


Last note, I was joking early this morning about "1.2615 seems to be the cap for eur/usd, after it, long will have a better chance." .... that's when I have done my homework and I have clear eyes with no TILT mood.

2010-08-23 +20 pips

1: daily is flat 3hourly down hourly down 15minute flat down 5 flat down.
2: News to come is: no
3: What's the main event just happened that move the market? and is it trendy? ranging within 1.2730 (stop 1.2740) and 1.2680.

4: What do you think the market will do today? range trading.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buy low and sell high.
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3

2010-08-20 +30 pips

1: daily is flat and down 3hourly down, yesterday's ema62 was the resist, hourly down 15minute down 5 down
2: News to come is: no
3: What's the main event just happened that move the market? and is it trendy? down trend, market sold from 1.2830 to 1.2680, Nikkei down 1% and stock open lower in US as well. SNB has been selling eur/chf

4: What do you think the market will do today? choppy down.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
sell the pop
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3

BTW: My MFE trade stopped out at 46.98 yesterday, damn it.








It's been a yoyo day, it went through ups and downs. I was up most of the time and I trade mainly on the short side, then I went long at 75/76 level, it was a nice trade as well. And I closed and ready for the weekend.

Later on, I bot some at 78 and then 70, stopped out at 64. Then bot another time 2x at 82, closed at 92... Now looking at 04/05 and thinking, I left 10 more pips on the table (with 2x size would be 20 pips), but I'm glad my account ended the week at high.

Good weekend everyone..

My son (the 5 year old) went to school this week, and he is the smallest kid in his class, so far he has been doing pretty good. Proud of him!!!

2010-08-19

1: daily is flat 3hourly flat and 1.2900 we tested ema62 again, in 2 days. hourly flat sideway 15minute up 5 up
2: News to come is: 7:00 leading indicator.
3: What's the main event just happened that move the market? and is it trendy? Asia central bank buying at 1.2770, and we topped at 1.2900 this morning, over night EUR news has been good side, job number rais 12000, not very good, it pulls back to 1.2874.

4: What do you think the market will do today? up move.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying the dip.
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3




INTC is buying MFE at 48$, don't know when they will settle, I bot some MFE at 47.32 premarket, now looks like a bad deal, I will see if it drop below 47.

2010-08-18

1: daily is flat 3hourly flat hourly flat up 15minute up 5 up
2: News to come is:not much, just USA stock market open at 6:30
3: What's the main event just happened that move the market? and is it trendy? it's up trend, but weak and 1.2920 as resist, BIS buying selling on both side.

4: What do you think the market will do today? moving up

5: Were you right about the market? (After the trading session) no, it's ranging, it pulls back from resist 1.2920 level and drop to 1.2850 level when I'm writing.

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying dips.. or 1.2920 breakout
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3

2010-08-17

1: daily is flat 3hourly down hourly flat up 15minute up 5 up
2: News to come is:
3: What's the main event just happened that move the market? and is it trendy? eur/usd is moving up, after test low of 1.2825, it went up to 1.2917 and now trading at 1.2888 level. Main reason behind it was ZEW report and irish/span bond sell better than last time.

4: What do you think the market will do today? go up. retest 1.2917

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying the dip.
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3

Today's session is really choppy, I'm waiting for some bullish sign before I enter next trade....I changed my view of today, it's not trendy at all.

2010-08-16

1: daily is flat 3hourly down hourly down flat 15minute up flat 5 flat
2: News to come is: 7:00 NAHB
3: What's the main event just happened that move the market? and is it trendy? it's choppy after last week's big sell, eur/usd tested 1.2740 level and rally to 1.2830 in europe session, then went up to 1.2870 in open of US session, now dropping sharply to 1.2835.

4: What do you think the market will do today? lower.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
short the pop
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3

2010-08-13

1: daily is flat 3hourly down hourly down 15minute down 5 down, testing ema62 multiple times.
2: News to come is: N/A
3: What's the main event just happened that move the market? and is it trendy? down trend after testing the high with German GDP, then sell by SNB for spread of greek-german reaching 800 points.

4: What do you think the market will do today? sideway,between 1.2800 1.2820, might break up side...

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
Long on the dip at 1.2800, stop 1.2780
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3

2010-08-12

no trade today, as I don't really have a feeling about the market.

2010-08-11

1: daily up, pulling back 3hourly down hourly donw 15minute down, 5 down, consolidation at 1.2960, support 1.2950.
2: News to come is:7:30 Oil and Gas
3: What's the main event just happened that move the market? and is it trendy? FOMC and EUR rumor buying Irish paper (meaning no one else buying) and China slow down.
This drag ES down 23 also.

4: What do you think the market will do today? keep dropping

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
short the pop
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?20

what's the daily limit and daily risk now? 60/20/3

away util 8/10

I will be on vacation until 8/10.. good luck everyone.

2010-08-04

1: daily is up 3hourly up hourly up 15minute sideway down, 5 down, 1 is down sharply,
2: News to come is: N/A
3: What's the main event just happened that move the market? and is it trendy?very choppy between 1.3220 and 1.3180, BIS selling and Swiss buying, orders are at 1.3250 and 1.3160.

4: What do you think the market will do today? short the down trending moving.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
short the short term move.

Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3

I covered my last position at 1.3140 level... now watching, I also bot some SDS at price 31, now set stop at 31.10, see where it goes.

2010-08-03

No trading today, I was holding a pretty large SDS position over night, so I have a bearish bias today, don't want that to influnce my FX trade. The best way to avoid making misstake in such situation is, NO TRADE.



OK, even though I could short E/U at 1.3220 and take profit at 1.3195, that will be cross news trade, not very good either. :)

2010-08-02

First trade of Aug 2010

1: daily is up 3hourly up hourly up 15minute up extended 5 up, just breakout 1.3110 level.
2: News to come is: 7:00 ISM
3: What's the main event just happened that move the market? and is it trendy? just beginning of the month, market is happy, and ES is up 16. BIS buying at the dip of 1.3060, and no big seller.

4: What do you think the market will do today? up

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying the dip.
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3