USD/JPY has broken down pretty hard, and is now consolidating. It has formed an inside bar, the break of which I'll be shorting.
Pending order (1): Short 14,600 USD/JPY at 93.77
Pending order (2): Long 7,300 USD/JPY at 93.43
Initial stop: 94.11
Initial exposure: 34 pips, $52.70 or 15.00%
Current closed equity: $352.64
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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December
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- Year end...
- Perhaps the 3rd time will be a charm...
- Yet another kick in the crotch
- This trade hasn't been easy....
- Whole trade now risk-free.
- Success!
- Stack on
- Stack attempt
- Trade triggered
- New idea
- Setting up yet again...
- And again...
- Trade on!
- Reposition
- Set 'em up again...
- Another one bites the dust...
- Trade on!
- Next idea...
- Trade off.
- Trade on!
- Next idea...
- Scratched out
- Nice start to the week...
- On the ugliness of certain numbers
- Trade on!
- Repositioning
- New idea
- Next idea...
- How do you spell frustration?
- Got it!
- Still another on the loss pile
- Next idea...
- One more for the loss pile
- Too fast too log again...
- Knocked off yet again
- Additional stats...
- Risk free!
- Trade on...
- Repositioning
- Next idea...
- Knocked out again...
- Additional stats...
- Trade triggered
- And the idea is...
- Not the move.
- Some additional stats...
- Risk free!
- Stopped in a bit early
- Knocked out on the rest.
- Failed stack attempt
- Nice start to the week!
- Not a loss...
- Here we go again...
- Trying an additional visual...
- Next idea....
- Whack-ola!
- On the move...
- Glutton for punishment
- If it didn't feel like torture...
- Happened so fast...
- Just $5,799,955.15 to go!
- Here we go already!
- No rest...
- One more for the scratch pile
- Risk free, but differently...
- Trade on!
- Next idea....
- Finally!
- Risk free.
- Trade on!
- Getting whacked is part of the game
- Order hit
- Today's plan
- Unsatisfying exits...
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December
(74)
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