2010-11-18

Irish taking the aid, eur moves higher, from yesterday, it's up over 100 pips, even though overnight is just 30 pips, market expecting the move from yesterday.

1: daily is flat 3hourly down hourly up 15minute up 5 down, high as 1.3670 support 1.3620 and 1.3580
2: News to come is: 7:00 philly
3: What's the main event just happened that move the market? and is it trendy? up trend, Irish the driver and job number is not bad as well

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? buying the dip
Do you take half at 1R?
How many pips it risk?

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

2010-11-09

BTW: I short gold at 1421/1420, stop 1424, target 1413/1414.

1: daily is up 3hourly down hourly down 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?

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

5: Were you right about the market? (After the trading session)
Today is a nice day for the market EUR leading the way of dropping and Yahoo headline is EUR concern drops the stock. I guess after all the news (FOMC NFP) out of the door, now traders are focusing on EUR's debt problem. Gold made an all time hight and fall back to 1390 level. EUR/USD dropped 1.3770 level after testing 1.3960.
I don't have a specific view of where the market will go from here, although I am happy it dropped as I have some longer term position on long EUO and long SDS

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

what's the daily limit and daily risk now? 60/
have no idea of where the market is going, ES is also choppy at +3 to -3. Market is tired after last week's big move.

The gold trade was stopped out right at the top, crap. Shorting gold was a mistake as well, as it's at all time hight, I would go long if it's EUR/USD.

The pop today is exactly on 1 hour chart, and then EUR/USD just give the ground for long, keep falling until 1.3750 level..

2010-10-15

1: daily is up 3hourly up hourly up 15minute choppy 5 flat
2: News to come is: 6:55 Umich
3: What's the main event just happened that move the market? and is it trendy? not much overnight, Ben talked 5:20, we spike to 1.4160 in 2 minute and then retest it after 5:30 CPI Retail number. Now we pulled back at 1.4090 level.

4: What do you think the market will do today? we should go up, however, we have been up for a long extended time, so a turnaround is also expected. As well as it's a Friday. So take it easy.

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 1.4050 or short 1.4160.
Do you take half at 1R?
How many pips it risk?

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

2010-10-14

1: daily is up 3hourly up hourly up 15minute up-flat 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? it's breaking out 1.40 the previou resist last night and then rally as high as 1.4120. German exporter is selling (don't understand why) and not much stop under.

4: What do you think the market will do today? drop, as we run too fast, there need to be some pull back.

The pop from 1.4050 level this morning was very strong, that's why I didn't short on 10 sec or 1 min ema62, as the move is fast and none stop. I managed to get some short on previous high close to 84-90 level, stop at 92. Profit was too early, should be at 75 and 65. It's now trading at 64.

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

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

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

2010-10-13

Market is up in general, eur/usd almost no change, it tested overnight high 1.40 but with BIS and China selling, now fail back to 1.3935. The post FOMC minute run as stabled.

ES is up 8 points and Asia/Euro stock market is up ingeneral. Intel beat and JP beat. Market in happy mood.

2010-09-29

I didn't do pre-trade work today, I just get up late, and then watch it for 5 minutes, it's dropping from 1.3610 to 1.3595, so I thought of shorting it to be a good idea. Lucky I have my size right so that I can scale into it and cover most of it at price 90, it did bounce to 1.3603, that's the place I scaled in. And I have my stop at 17 I think.

After review the chart on 5 and 15 minutes, the real good trade I should do today is to buy at 85 to 90 level today. As the bull continue to work on it.


It tested 1.3647 level and failed back to 1.3620 level.

2010-09-27

1: daily is up 3hourly up hourly up 15 minute flat 5 flat
2: News to come is:
3: What's the main event just happened that move the market? and is it trendy? no trend, between 1.3425 and 1.3500, Moody downgrad irish bank push down, but later on it rally.

4: What do you think the market will do today? goin up, see if 1.3500. but mainly between the range

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? buying dip and selling top.
Do you take half at 1R?
How many pips it risk?20

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

2010-09-23

1: daily is up 3hourly up hourly up we bounced from ema62 nicely at 1.3300 level, 15 flat minute 5 up
2: News to come is: 7:00 home data
3: What's the main event just happened that move the market? and is it trendy? IRISH bond spread had lifetime high hit eur PIIGS worry again so we sold off from 1.3390 to 1.3309, and then weak USD data ( claim up to 465) triggers more possibility of QE so USD got sold. so gold is up usd is down.

4: What do you think the market will do today? goin up, see if 1.3380 will break.

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? buying dip and selling top.
Do you take half at 1R?
How many pips it risk?20

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

2010-09-08 -10 pips

1: daily is flat 3hourly down hourly down 15minute down flat 5 flat
2: News to come is: N/A
3: What's the main event just happened that move the market? and is it trendy? SNB selling 1.2733 and BIS buying 1.2666, it's still down trending as now at 1.2690 level.

4: What do you think the market will do today? going down to test 1.2666 again

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?20

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

I'm so lucky to be just out with -10 pips. well, if I hold my position until now, it will be +200 pips. Again I went short, which was planned. There are 2 issues I see:
1: while writing my plan, the pair went from 1.2690 to 1.2615 level pretty fast, that's already a sign of short term strength, I can wait for it to get over and short, but I shorted anyway, this was planned, so no big deal.
2: I wasn't into the right size, yes I traded with 0.66x size, but I added to it quickly, which lead to my later miss trade.
3: I didn't think of when and where should I add more position, I just went short and short again. That's the biggest problem. I tilt.

My biggest risk at a point was 200 pips.

My year to date was only -200 pips. and my goal for this month is to BE, and I'm getting there.

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.