Browsed by
Month: February 2018

Second verse, same as the first

Second verse, same as the first

Today’s trading session was a lot like yesterday’s:  It started out slowly, with a lot of ranges, but then picked up with a surge at the end. The one clear movement coming into the market was the weakness in the British Pound, based on renewed Brexit concerns.  As I came to the charts, both GBPUSD and GBPJPY had clear directional moves short that had been continuing for a couple hours.  But as so often happens that time of day, the…

Read More Read More

Finally, some price action and follow through

Finally, some price action and follow through

What started out as a very lackluster morning – nearly everything was ranging – ended up being a very good day for my results. I started out taking 2 trades on the US Durable Goods news, along with the release of the new Fed Chairman’s testimony at 7:30 (CST).  Both trades were stopped out in fairly short order, so I started the morning down 20 pips. I got back that 20 on an EURUSD trade that I held for a…

Read More Read More

Should have done better

Should have done better

Shoulda, woulda, coulda. The bain of every trader.  Absolutely useless – the only thing that matters is what you actually DID  do. Nevertheless, it’s hard not to indulge at times. Today’s results summary: 6 trades, 3 Wins, 3 Losses, resulting in basically break even: +1.8 pips. What’s disappointing is that, at one point, I was up close to 40 pips – a number that would have met my goal for the day. I started the week down <91> pips for…

Read More Read More

Slow session leading up to FOMC

Slow session leading up to FOMC

Today (February 21) was a vvveeerrrryy slow session in advance of the FOMC meeting minutes being released at 1:00 PM CST. There was the GBP inflation hearings going on at 8:15 that promised extended and unpredictable volatility in the pound pairs.  There had been a good CDM downward overnight so I jumped on a yellow-line (YL) trade in both the GBPUSD and the GBPJPY about 7:30, hoping to capture a few pips before the hearings began.  I was stopped out…

Read More Read More

Sidelined

Sidelined

Results for trading January 31, 2018 (yesterday): 15 total trades, 6 wins, 9 losses, Net loss of <51> pips (-2.57%) Total for the last week of January: <144> pips (-7.10%) Total for month of January: Week 1: <104.6> Week 2: <92.2> Week 3: <129.4> Week 4: <59.8> Week 5: <144.0> Total for January: <410.4> (-18.57%)   Looking back over my trading logs for the last two years, that is the second worst month in my records.  Interestingly, the worst (<578.8>)…

Read More Read More