Although it looks like a bad start, I'm not discouraged. No more trades for this week, as tomorrow is the day of the NFP, and is Friday, when over the weekend leverage applies. Looking for the development of the market after the most important news tomorrow, then I'll have enough time in the weekend to think and evaluate. Usually my best period is the week after the NFP, I'll try to exploit it to the maximum.
Pisakjanos's Blog
USD JPY
In order to avoid margin call, which can occur when leverage changes, and is penalized, I tightened the stop loss on my unlucky short position on USDJPY. Meantime I have a sell stop on NZDUSD, hoping that until it will be triggered, the other one will be already closed. Looking forward.
USD/JPY
Only a few thoughts. After a less glorious April, now at the beginning of a new month. Already placed a bad order, shorted the USD/JPY, but later realized that the trend is up. Too late, the order is filled now, just hoping in a short term reversal. If it happens, I'll change immediately to buy the pair.
New month
After an almost deadly low of equity in the March contest (approx 33k) I proudly announce that finally I succeeded to close the month with +28k profit.
This beginning of April looks very interesting.
-First: its Easter Monday, most countries have banking holidays -low volumes expected.
-Second: In Europe the DST is applied, I guess there will be changes in the accustomed moments of intraday highs and lows.
-Third: NFP is awaited on Friday, It's not unfounded to expect low volumes the whole week.…
This beginning of April looks very interesting.
-First: its Easter Monday, most countries have banking holidays -low volumes expected.
-Second: In Europe the DST is applied, I guess there will be changes in the accustomed moments of intraday highs and lows.
-Third: NFP is awaited on Friday, It's not unfounded to expect low volumes the whole week.…
UK speech changes pound direction
The GBPUSD is keeping to behave according to the Fibo retracement I draw a few weeks ago. I said yesterday, that I'll wait until its direction will be more clear, but I rushed to place a sell stop. Actually it was not a rush, I waited 30mins after the London open. It was bad luck , the trade was triggered because some smart UK politician said something smart: "UK & EU Are 'Very Close' To Implementation Period Deal". That caused the GBPUSD to turn upside 30 pips. Anyway, it touched the 23.6% leve…
No bad feelings.
Yesterday was a great day for trading the CAD, there were a lot of important indicators published:
Employment Change, which did not met expectations, although much better than previous month, Unemployment Rate, which performed better than forecasts. The effect of these numbers were amplified by the publication of the most important USA indicators, Unemployment rate, NFP and Average hourly earnings. Except the NFP, which performed really good, the other two indicators were slightly below expectat…
Employment Change, which did not met expectations, although much better than previous month, Unemployment Rate, which performed better than forecasts. The effect of these numbers were amplified by the publication of the most important USA indicators, Unemployment rate, NFP and Average hourly earnings. Except the NFP, which performed really good, the other two indicators were slightly below expectat…
GBPUSD made my day
Sometimes being optimistic pays off. I had to admit, that it was luck. Today I placed a sell stop on the GBPUSD and after I succeeded to tighten the stoploss, I placed the TP at 47 pips, which most the double than my usual 22pips. The trade was triggered, and a few minutes ago it was closed with profit, meaning 30k in virtual money.
This somewhat makes possible my return in the contest.
I hope I can close March at least with a small profit. Even if I will not gain any prize, that would make me h…
This somewhat makes possible my return in the contest.
I hope I can close March at least with a small profit. Even if I will not gain any prize, that would make me h…
USDJPY halved equity
Yesterday the short trade on the USDJPY halved my equity. Someone can ask why I'm continuing and writing this blog? Because If I quit, I'll lose contact with the market, and there are great chances then to lose next month too.
I'll placed today a sell stop on the GBPUSD, which was triggered, but after I tightened the stop, it changed it's course upwards and ran in the stoploss. Later I placed another one, which is now active - hunting for the opportunity to tighten the stoploss again.
I'll placed today a sell stop on the GBPUSD, which was triggered, but after I tightened the stop, it changed it's course upwards and ran in the stoploss. Later I placed another one, which is now active - hunting for the opportunity to tighten the stoploss again.
In and out again and again - trading the USDJPY
Yesterday, after I posted my blog in which I told that I succeeded to tighten the stop, and I'll not trade until the morning, I took a look at the chart, and noticed that my trade ran in a stoploss.If I had left it unmodified, the take profit would have triggered, and I would have a modest 25pips profit. Instead, the stoploss was triggered, and I had 0.5pips profit. This happens often, but I am sure, it's better to play safe. It's better not to profit 25pips than bear a 125pips loss. At least wh…
USDJPY - looking forward
This week looks like it has a promising start. The rise of the USDJPY started slowly. I succeeded to profit a modest 21.9pips with a long order.I also placed a second buy stop order, with the entry below the first's exit, and succeeded to move the stop above the entry. Thus I am at least even.Because it's Monday, I'm pretty busy, and I'll will not have more time to spend with trading, so I also increased the TP, whit great expectations. Still prepared for an intervention from the BoJ.