Locking in 37 pips

Looking at yesterday's action, I'm going to dump this trade if yesterday's low is taken out... hence the odd number of pips being locked in.

Current open equity: $23.36
Current closed equity: $17.63
Current position: Long 522 AUD/USD at 0.88266
Current exposure: 0

Stop to breakeven

Breaking nicely higher! Sitting on a 150+ pip profit so far...

Current open equity: $25.58
Current closed equity: $17.59
Current position: Long 522 AUD/USD at 0.88266
Current exposure: 0

Trade on!

The original price didn't get hit, so I moved in on the pullback from this morning's high.


Current open equity: $16.94
Current closed equity: $17.44
Current position: Long 522 AUD/USD at 0.88266
Current exposure: 50 pips, $2.61 or 14.96% of current closed equity ($17.44)

Going long down under

Looking to get into the Aussie $ for a little while...


Pending order 1: Long 522 AUD/USD at 0.8780
Initial stop: 0.8730
Initial exposure: 50 pips, $2.61 or 14.96% of current closed equity ($17.44)

Current closed equity: $17.44
Current position: flat
Current exposure: 0 

Stopped out for 100

After what seems like an eternity, USD/CAD finally dropped enough to hit the stop. Disappointing, but it could have been worse. On to the next bad idea!

Previous equity: $ 13.67
Change: +$3.77
% Change: +27.58%

Current closed equity: $17.44
Current position: flat
Current exposure: 0

Locking in 100

USD/CAD has broken nicely higher... finally! I'm sitting on 300+ points in profit, so I'm taking this opportunity to lock in 100 of those points. I'm shooting for many more, of course.

Current open equity: $25.35
Current closed equity: $13.56
Current position: Long 410 USD/CAD at 1.0425
Current exposure: 0

Stop to breakeven

Sitting on a nice 90 pip profit so far...


Current open equity: $17.19
Current closed equity: $13.67
Current position: Long 410 USD/CAD at 1.0425
Current exposure: 0

Trade on!

Let the losing begin....



Current open equity: $13.06
Current closed equity: $13.67
Current position: Long 410 USD/CAD at 1.0425
Current exposure: 50 pips, $2.05 or 14.99% of current closed equity ($13.67)

Once more unto the breach....

I'm a buyer of this pair if it can get down a little more.

Pending order 1: Long 410 USD/CAD at 1.0425
Initial stop: 1.0375
Initial exposure: 50 pips, $2.05 or 14.99% of current closed equity ($13.67)

Current closed equity: $13.67
Current position: flat
Current exposure: 0 

A Happy Birthday kick in the nads...

Markets are merciless! USD/CAD fell out of bed after an announcement by those evil monetary charlatans at the Bank of Japan. (Japan's version of the equally evil Fed.)

Previous equity: $ 15.95
Change: -$2.28
% Change: -14.29%

Current closed equity: $13.67
Current position: flat
Current exposure: 0

Trade on!

...in fact, since ~2:15 Sunday afternoon. The trade went from nicely profitable, to nearly being stopped out, and now back to just over breakeven. Who knows what will happen next...


Current closed equity: $15.95
Current open equity: $16.01
Current position: Long 478 USD/CAD from 1.0580
Current exposure: 50 pips, $2.39 or 14.98% of current closed equity ($15.95)

Scratch Swissie....

Since the USD has had a pretty violent reversal over the past day, I've decided to scratch the USD/CHF order, and move the USD/CAD order to a place where it might actually get hit...

Pending order 1: Long 478 USD/CAD at 1.0580
Initial stop: 1.0530

Initial exposure: 50 pips, $2.39 or 14.98% of current closed equity ($15.95)

Current closed equity: $15.95
Current position: flat
Current exposure: 0 

Setting up another...

Looking to get long USD/CHF if we can get down closer to the recent low. Whichever order triggers first, I'll cancel the other.

Pending order 1: Long 478 USD/CAD at 1.0425
Initial stop: 1.0375
Pending order 2: Long 478 USD/CHF at 0.9960
Initial stop: 0.9910
Initial exposure: 50 pips, $2.39 or 14.98% of current closed equity ($15.95)

Current closed equity: $15.95
Current position: flat
Current exposure: 0 

Setting up....

Getting long USD/CAD if we can get a little lower.

Pending order 1: Long 478 USD/CAD at 1.0425
Initial stop: 1.0375
Initial exposure: 50 pips, $2.39 or 14.98% of current closed equity ($15.95)

Current closed equity: $15.95
Current position: flat
Current exposure: 0 

Oh, the pain...

Uncle Sam's funny paper once again dashes the hopes of the people who try to hold it....
I am totally considering trying it again, this time against the Loonie.

Previous equity: $ 18.71
Change: -$2.76
% Change: -14.75%

Current closed equity: $15.95
Current position: flat
Current exposure: 0

Back in...

Order 1 triggered. Go Greenback!


Current closed equity: $18.71
Current open equity: $18.64
Current position: Long 550 USD/CHF at 1.0096
Current exposure: 50 pips, $2.82 or 15.07% of current closed equity ($18.71)

Back out...

Stop got hit again. Resetting...

Pending order 1: Long 550 USD/CHF at 1.0096
Pending order 2: Long 550 USD/CHF at 1.0036
Initial stop: 1.0046/0.9986
Initial exposure: 50 pips, $2.82 or 15.07% of current closed equity ($18.71)

Current closed equity: $18.71
Current position: flat
Current exposure: 0

Risk free trade!

USD/CHF has broken nicely higher this morning. I'm thinking we've seen the turn, but one never knows...

Current closed equity: $18.74
Current open equity: $24.67
Current position: Long 550 USD/CHF at 1.0096
Current exposure: 0

Back in...

Order 1 triggered. Go Greenback!


Current closed equity: $18.75
Current open equity: $18.80
Current position: Long 550 USD/CHF at 1.0096
Current exposure: 50 pips, $2.82 or 15.04% of current closed equity ($18.75)

Grrr!

The stop got hit about 5 minutes ago. I think the $ is still bottoming here, but it's taking its good old time! I'm setting up to get long this pair again at either $1.0096 or at $1.0040, whichever gets hit first. 50 point stop in each case. I will cancel the order that doesn't get hit.

Pending order 1: Long 550 USD/CHF at 1.0096
Pending order 2: Long 550 USD/CHF at 1.0040
Initial stop: 1.0046/0.9990
Initial exposure: 50 pips, $2.82 or 15.04% of current closed equity ($18.75)

Current closed equity: $18.75
Current position: flat
Current exposure: 0

Stop to breakeven

USD/CHF has rallied nicely into the $1.02 area but is now pulling back. I'd prefer to see a nicer close on the 4hr chart, but I'm moving the stop to b/e anyway after having a profit 2.5x the original risk. If the stop does get taken out in a retracement, I can always re-enter at a better price.

Current open equity: $23.61
Starting equity: $18.77
Current position: Long 550 USD/CHF at 1.0081
Current exposure: 0

Whew! That was one hell of a break!

I'm starting up this blog once again.... It's been a long and very interesting few months. Part of what was going on was my need to pull most of the money out of my trading account to use for other purposes. I haven't taken much more than a couple of weeks off from trading in this past 11 months, but my efforts weren't part of a specific trading campaign. I consider those efforts to be my way of staying involved in the markets and keeping my skills fresh.

I am going to leave the equity curve charting alone for now. Those charts actually take a good deal of time to create, and I have plenty of other things to focus on. As for how I will report results... well, we'll see how it goes. I'm sure something nice will grow organically.

Currently the Rollercoaster Account stands at $18.80 in closed equity. The main goal is naturally still (cue Dr. Evil) One Million Dollars. The next equity milestone, however, is $51.16, which represents the 3rd doubling since I re-initiated the campaign. Only 15 additional doublings from there will put me well over the $1million mark. I am Long 550 units of the USD/CHF pair from 1.0081, with a stop at 1.0031 representing $2.82 or 15% of equity. The trade was nearly stopped out on Wednesday, but has since rebounded and is sporting a nice 60 pip profit as of this moment. I'll move the stop to breakeven once I've got 100 pips in the trade. We almost got there yesterday.

That's all for now...

I haven't forgotten

I've been terribly busy in my other business as well as keeping up with trading... so updating this blog got sacrificed. I'm in the process of designing and testing a new trading strategy... one which I may apply to this account, which is currently short USD/JPY and sitting around $30 in equity... wow, talk about a drawdown! But, I knew such was possible when I started this game.
Anyway, updates will resume again someday soon... I may do less with the graphing, since that graphic isn't exactly easy to make each day.