$$ about the 25 000 pips wednesday

i got a few questions about the 25000 pips last wednesday. think it was wednesday anyway.

truth be told, thursday with 3000 pips was a bigger day. pips rarely reflect what's going on. i've asked fxbook to do a milestone posting instead. so when i'm up say 1% they'll post that instead.

the big pip counts come from partial tp's. i open at say 1 lot and tp say every 10 pips move 0.1 lots, so i'll end up with 10 partial trades each broadcasting like it was a full trade, tp10 x 0.1 + tp20 x 0.1 + tp30 x 0.1 etc at partial lots. for what was a 100 pip move, I'll bank 550.

what is relevant is the entry signals. the big trades. sometimes if the markets are slow i'll turn a pair in a few hours, but mostly i'll keep them for a few days. although they are at least 5 min delayed, because of the length of time they last, they are a very good reflection of my current view on a pair.

to see what's going on in the account, best to pay the blog a visit every now and then. twitter is ok for general overview of how the day is going and a broad view of entry levels. about 80% of my trades close in profit. so they're quite good entry signals. wouldn't suggest trying to follow them though, unless you're at the wheel 24/7...

$$ trading update

i closed out thursday.





can't complain about decemeber. jan should be better one hopes. less interruptions. we haven't done pair selection yet, so we're trading with pairs in here that doesn't work. i'm waiting to see of even they turn green, but if we use just the top ten pairs you can double these results. if we then double the trade sizes to make up for the lost pairs you can double the results again...

technical trouble

over and above another blown laptop, it transpires that our code acts differently on different pc's.

on the server it does one trade on a pair till the previous is closed. on my machine, multiples in the same direction. it's like two different EA's, but we can't find the difference.

don't know what causes it. just loooooooooove mt4...

trading update

more of the same. draw down now 22.56% we're very close to dropping that trade size. at least july is almost finished. all the pain comes from four pairs. 11 are green, but the lack of volatility in the USD is killing us. last year aug we had big ranges. let's hope we do the same thing this year, really need to pull out of this death spiral.

daily changes

so friday was -2.87, taking our monthly gain to -6.68%. starting to get real ugly! -13.17% for the week. hope this market gets going this week at least. we'll drop trade sizes soon if there isn't a change which will slow things down a bit. but 5 days not a single winning day. strange indeed.

trading update

another loss day. 5 days in a row. i used to think i have losing days, but not losing weeks. seems i was wrong. usd still directionless and the open runners haven't banked for a week, nor have they moved much, so it's all stagnating a bit. still, the aim of the game is stay in business long enough to get through the tough times, so we're still ok. the 11% or so draw down so far is well within expectations.

daily change

there it is. seems equity caught up with balance. lost -5.34% for a total monthly gain of 0.49%. boring.

trading update

argh! the battle continues, ibfx late again, so i'll post that later, i'm hoping we get some usd action today. we don't need much but i'd love to see us go back to $3300, so we can build a base to move higher from...but we took another loss yesterday, so that's like 4 losing days in a row. new record i think.

trading update

another down day. three in a row. ibfx a bit slow this morning, so I don't have the figures, but i'd say it's about 1.5% or so. exact figure doesn't matter much in the bigger scheme of things. and so we churn some more, still no real direction. just have to keep wading through the churning till we get going. no point in losing patience or trying to change settings.

daily changes

here is a table of our percentage gains and losses per day for july so far.

trading update

nother dismal day. low volitility all around. lost 1.11% to take us to an 5.57% for the week, overall monthly figure 6.71% or 0.51% a day for the 13 trading days we've had in july. the good news is there's a full 10 days left. volatility in itself isn't as important to us as momentum, but there just isn't any at the moment. its all just one big washing machine, tumbling around and around and around...

trading update

slight loss yesterday, 1.2% putting our monthly gain on 7.9%. the dollar is proving to be very difficult and only the jpy's are saving our butts at this point. kinda frustrating....

trading update

fighting back hard now. after the dollar doldrums which lasted for june - july. by the looks of it, apparently it does that every year. with the current global turmoil i'm looking forward to a nice volatile rest of the year now that july is drawing to a close and we're starting to see life in the market again.

trading update

looks like we're starting to pull out of the doldrums. most of this came from the JPY pairs. hope USD can make a move today, all we need to fly past the previous high...

trading update

recovering again. going to take some time i guess...

trading update

had a real big smack overnight. not entirely unexpected. we do draw down about 10% from time to time. question is whether this is the end of it and we got up from here or if there's more to come. we wait and see...

nzdjpy

slow as well...

gbpcad

closed for a whopping +600

gbpusd

same here...slow, slow

eurusd

nothing much happened here

eurusd

going to break down i think.

trading update

still fighting back - have to break out topside.

eurjpy chart update

still haven't banked a cent on this one, hopefully today!

trade summary update

starting to climb again post nfp disaster - in fact that was 2% we banked. bit more than I expected, but the curve will stay volatile till all the pairs are running again. we have re-written the start up so futures crashes won't cause this kind of break in trading.

eurjpy

crap

nfp didn't go well. that wasn't entirely unexpected as we generally don't do well in that kind of market, i.o.w hyper gyrations with no direction. then when i wake up i see this account crashed and the EA went into emergency mode and took us out of everything. painful as that is, its going to take us a week to get back in again, meaning we'll miss most of the dollar move that started on friday. we gave up about 50% of last weeks profit in this mess. good news is we're still well up. at least 12% for the week. guess we see how it goes, but going to be a slow week i think, till we pick up speed again.

usdchf

gbpusd

some trades after nfp

eurusd

trading update

took a pounding on NFP, 'scuse the pun. we generally don't do well on the NFP, the last say ten has been a complete waste of time. one or two gyrations and then nothing happens. i guess after 25% in a week a draw down is to be expected. so let's see what next week brings.

update summary

ya well, not much i can say - figures are simply incredible.

just want to point out this is still demo. we've added 10 pairs, bringing us up to 30 and we still need to test a duplicate login. we have one change to make for restarts and then we go live. just small technical changes.

latest balance

hit a few bumps...

eurusd

shorted at last, waiting to see if it carries, cause this against the trend.

gbpnzd

also well up. can't complain.

eurcad from yesterday

going to do real well when i bank this puppy

taking profit

took profit on most of my positions and reversed a lot of them. i'll do some charts later. think i did about 10% yesterday.

taking profit

banked some, 4% to go...

balance update

k, so back at highs for the last week or so with 5% in hand, open to be banked.

gbpnzd

new position...

eurcad

new position:

update

oh well, almost back to where i was again, doesn't tell the whole story though, i have 5% unrealized. and that will continue to climb till we have a direction change. market is really trending well, so i'm not opening or closing many trades. just have to ride this move out see how much we can get from it.

eurgbp

also gone well green, 80% tp'd already.

gbpcad

this one gone well green, tp'd 90% already, waiting to see the next move.

overnight

k, so we clawed back some of the balance losses overnight, equity is up to 4% unrealized. we'll see a sharp rise in balance if the pairs start turning today. looks like they will. if not i guess we'll incur more balance losses as a few pairs are churning.

i'll update some of the charts posted yesterday after gym and breakfast.

gbpcad

new position...

oops...!!

took a knock there, but early still...

audnzd

this puppy also ready for a sell or a bounce