Bye Baby went!

Stops get hit... nature of the game. Still, not a bad trade at all for less than 48 hours. Not sure what to look at next, but something will come up. It always does.


Previous equity: $156.23
Pip change: +400
Change: +$113.77
% Change: +72.82%

Current closed equity: $270.00
Current position: flat
Current exposure: 0

Go, Baby go!

Stop moved to lock in yet another 100 pips.

Current closed equity: $156.23
Current position: Long 2900 EUR/JPY at 135.50
Current exposure: +400 pips locked in, +$116.00 or +74.25%

And 100 more...

Whoa Nellie!

Current closed equity: $156.23
Current position: Long 2900 EUR/JPY at 135.50
Current exposure: +300 pips locked in, +$87.00 or +55.69%

Nice move underway...

This pair is on fire today! Trade is to the plus side by 400 pips. Locked in another 100.

Current closed equity: $156.23
Current position: Long 2900 EUR/JPY at 135.50
Current exposure: +200 pips locked in, +$58.00 or +37.12%

Ka-BOOM!

Wow! That was one heck of a bounce in equities! Pretty typical of bear markets actually. This trade has been up by more than 300 pips so far. I've just moved the stop to lock in 100.

Current closed equity: $156.23
Current position: Long 2900 EUR/JPY at 135.50
Current exposure: +100 pips locked in, +$29.00 or +18.56%

Trade triggered

Order got hit and immediately began producing profits... that's how we like them! Stop is already moved to breakeven as EUR/JPY has rocketed higher tacking on well over 120 pips.



Current closed equity: $156.23
Current position: Long 2900 EUR/JPY at 135.50
Current exposure: 0

Next setup...

Looking at getting long EUR/JPY. If equities happen to snap back, this should be a good place to be. The trigger point is just the high of an inside hourly bar.

Pending order: Long 2900 EUR/JPY at 135.50
Initial stop: 134.70
Initial exposure: 80 pips, $23.20 or 14.85%

Current closed equity: $156.23
Current position: flat
Current exposure: 0

Stop hit.

I was finally taken out on this incredibly wild day. Not sure what the next move will be, but I'll be waiting until the beginning of next week to come up with something.

Previous equity: $76.58
Pip change: +535
Change: +$79.63
% Change: +103.98%

Current closed equity: $156.21
Current position: flat
Current exposure: 0

Holy ...!!!

Un-be-freaking-lievable moves. Again, I came within a hair's breadth of being stopped out in a short-squeeze. It's possible that we've seen the panic low in equities and in this pair. Time will tell, but since the USD/JPY has pulled back from today's high and the USD is screamingly strong against the other major currencies, I figure this is a good place to lock in some more profits. I hate moving stops this close, but it has been a great run so far, and I'd hate even more to give up so much of the hard-won gains. There are always other trades coming down the line... I'm eyeing both EUR and GBP for possible longs next week.

Current closed equity: $76.08
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 535 pips locked in, +$80.25 or +105.48%

Locked in more...

Locked in a few more. Wow! This market is volatile! Not that it's a surprise... but still, it's something to see.

Current closed equity: $76.15
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 480 pips locked in, +$72.00 or +94.55%

Nope!

Cancelled pending order... if there is a time and a place to go long this pair, it will be revealed after I reassess.

Also... what a historic moment! One day, I'll be able to tell someone that I was trading on the day that the price of an ounce of gold traded above the price of the S&P 500 Index. It happened about 5 minutes ago. We were there to see History in the Making! How exciting!

Oh... and the open trade is up 570 pips! Nice!

Current closed equity: $76.15
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 384 pips locked in, +$57.60 or +75.64%

Rally?

Moving stop down an additional 44 pips to just above yesterday's high accounting for a 5 pip spread. On the daily chart, that level also represents the top of a long 'hammer' candle, which should be a great place to go long.

Pending order: Long 3125 USD/JPY at 101.57
Initial stop: 100.97
Initial exposure: 60 pips, $18.75 or 14.02%


Current closed equity: $76.15
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 384 pips locked in, +$57.60 or +75.64%

Breakdown!

Moved stop once again. Locked in an additional 140 pips.


Current closed equity: $76.23
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 340 pips locked in, +$51.00 or +66.9%

Moved stop

Yesterday the pair chopped around and I didn't feel comfortable moving the stop. USD/JPY has broken down overnight, taking out the 100 level again. It's still crazy with volatility since everyone is spooked that the BoJ may intervene, so I'm giving this one plenty of room. Locking in an additional 50 pips.


Current closed equity: $76.23 (Blasted negative carry!)
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 200 pips locked in, +$30.00 or +39.35%

And the collapse rolls on...

Moved my stop down to lock in an additional 50 pips. Got your Dow 10,000 hat back out? The DJIA crossed the 10k mark again today... this time from above!

Current closed equity: $76.40 (There goes that carry again!)
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 150 pips locked in, +$22.50 or +29.45%

Stop moved again

USD/JPY dropped precipitously overnight. Trade has been up by a nice 250+ pips. Locking in 100.

Current closed equity: $76.40 (There goes that carry again!)
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 100 pips locked in, +$15.00 or +19.63%

Stop moved

Stop moved to breakeven. I hate to do that in this pre-Tokyo open session, but when the plan calls for moving the stop, I move the stop, and that's that. (The plan was to move the stop when the position had gained 1x the amount risked.)

Current closed equity: $76.49 (There goes that carry again!)
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 0

And...

... incidentally, the trailing stop on the GBP short would have been taken out, so it was the right move to close when I did.

Current closed equity: $76.58
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 60 pips, $9.00 or 11.75%

Stop and reverse

Trade got stopped out on news of bailout passage. Pair then went on to take out the low from where the advance began, which should be a good place to short.

Previous equity: $90.58
Pip change: -60
Change: -$14.00
% Change: -15.46%
(I made an error when entering the new trade, and lost a few ticks.)


Current closed equity: $76.58
Current position: Short 1500 USD/JPY from 105.40
Current exposure: 60 pips, $9.00 or 11.75%

Trade triggered

We're in. Not sure what the deal is with the widened spread (5 pips), but in these markets nothing should surprise me.

Equities are rocketing higher on no news. We shall see....


Current closed equity: $90.58
Current position: Long 2250 USD/JPY at 106.14
Current exposure: $13.50 or 14.9%