A lower risk entry point has developed as the pair consolidates. The new entries and exits are as follows:
Pending order(1): Long 3870 USD/JPY at 102.37
Pending order(2): Short 1935 USD/JPY at 102.75
Initial stop: 101.99
Initial exposure: 38 pips, $14.71 or 5.45%
Current closed equity: $270.00
Current position: flat
Current exposure: 0
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This blog will chronicle my attempt to trade a very small account ($111.00) using the most aggressive position-sizing possible in order to grow equity as quickly as possible. I expect the ups and downs to be gut-wrenching. I DO NOT RECOMMEND THAT ANYONE TRADE THIS WAY!!
Coaster Safety Spiel:
Keep your pips inside the vehicle at all times... blah, blah, blah...
I will be mostly trading the majors against the US Dollar, but I reserve the right to trade any pair I damn well please. (Though I doubt I'll be doing much trading of the Mexican Peso against the Malaysian Ringgit.)
My system for trade signals will not be much of a system at all... mostly discretionary calls based on the hourly highs and lows. This is by no means to be used as some sort of signal service. I'll post updates as I take trading actions, but by the time I post something, the opportunity to act on it will likely have passed.
I also have no desire to make this blog some kind of major time-waster for me. I will manage any comments or communication in the way that requires the least time invested on my part... which means I'll mostly be ignoring them. Please don't take it personally. With all that said, here we go...
I will be mostly trading the majors against the US Dollar, but I reserve the right to trade any pair I damn well please. (Though I doubt I'll be doing much trading of the Mexican Peso against the Malaysian Ringgit.)
My system for trade signals will not be much of a system at all... mostly discretionary calls based on the hourly highs and lows. This is by no means to be used as some sort of signal service. I'll post updates as I take trading actions, but by the time I post something, the opportunity to act on it will likely have passed.
I also have no desire to make this blog some kind of major time-waster for me. I will manage any comments or communication in the way that requires the least time invested on my part... which means I'll mostly be ignoring them. Please don't take it personally. With all that said, here we go...
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2008
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October
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- Trying a short down under
- New closing equity high!
- Stop moved
- And trade whacked already
- Order hit already
- So it happened an hour later
- Stop moved
- Gotta love that!
- DIBS on the Pizz-ound!
- Guess I'd rather be waiting
- The waiting is the hardest part...
- Holy mackerel!
- Grrrr!
- Setting up again...
- Zapped again...
- Order hit!
- Trying again.
- Looking for a new spot...
- Here we go!
- Nice moves!
- Successful stack!
- Hit.
- Press point
- Free riding point hit
- There's the break!
- DIBS on the Euro
- Miracle rescinded.
- Pressing the trade
- It's a Forex miracle!
- Top popped
- Yet another for the loss column
- Reinstating topside orders
- Short side triggered
- Setting up for the upside too...
- Taking another tack
- Bitch slapped
- Looking at GBP
- Canceled pending orders
- oof
- Topside triggered
- Edging up to the range
- Or maybe not...
- Next E/J setup
- Things looking up
- Trying from another spot
- Place to press the trade
- How do you say 'Boo-Yah' backwards?
- Free trade!
- Downside break
- Boxing in the other side too...
- Setting it up again...
- Loss taken
- Another shot at E/J
- Order hit, trade stopped out.
- Same sort of deal...
- Cancelled pending orders.
- Adjustments
- Trying something a little different
- Bye Baby went!
- Go, Baby go!
- And 100 more...
- Nice move underway...
- Ka-BOOM!
- Trade triggered
- Next setup...
- Stop hit.
- Holy ...!!!
- Locked in more...
- Nope!
- Rally?
- Breakdown!
- Moved stop
- And the collapse rolls on...
- Stop moved again
- Stop moved
- And...
- Stop and reverse
- Trade triggered
- Next idea....
- Not bad.
- Still kickin'!
- Yeah, Baby!
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October
(82)
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