Friday, August 28, 2009

Trades for 8-28-09, and weekly total

I’m glad I paper-traded this week because I would have been at about an overall loss and I still have a few “kinks” to work out.

Today I pretty much took the day off (only traded the US market open), and had 1 trade for a gain (paper). I also leave today for bow hunting (elk) and won't be back until 9-8-09 unless I bag early.

For this week’s Friday post check out this interesting photo/graph of how much of each type of US currency (i.e. $1’s, $5’s, $10’s, $20’s, etc.) is currently in circulation: http://www.visualeconomics.com/the-value-of-united-states-currency-in-circulation.

Trades for 8-27-09

Today I did good, except for a mistake in the 3rd chart below.







Thursday, August 27, 2009

Trades for 8-26-09

I did a lot better today, but near the end of the day (see the last chart listed) I started to go back to bad trading. However, it wasn’t near as bad as before and I still plan on paper-trading the rest of this week.





Trades for 8-25-09

I’m still making mistakes so I will continue paper-trading this rest of this week. No charts because after I made my mistakes I decided to experiment which made the charts unreadable.

Monday, August 24, 2009

Trades for 8-24-09, and photos

Today I had 8 trades (4 losses, 4 gains, all paper-trades), and my total was a slight loss.

I made a couple of mistakes today so I’ll be paper-trading for at least 1 more day or longer. This weekend was great though, caught lots of big fish and spotted some mountain goat.

The small white things are mountain goats:






Here are today's trades:




Trades for 8-21-09, and weekly total

For the week I did -4.08% in forex, and had no trades in stocks.

For today (8-21-09) I did good, but still had a mistake or 2. I don’t have anything for this week’s Friday post, but Monday’s post should have some photos from the weekend’s fishing trip.





Thursday, August 20, 2009

Trades for 8-20-09

Today I had 2 trades during london hours, and 2 trades during abnormal hours. All trades were gainers, and were also paper-trades.

I feel like I did really good today given the fact that it was a choppy day. I'm going to finnish out this week (tomorrow) paper trading and then decide if I'll go back to real trading on monday.

Here are the charts for today's trades:




Wednesday, August 19, 2009

Trades for 8-19-09

Sorry about not making my posts like I do. I’ve been so out of it lately because of that long road trip (and diet going down the tubes) I forgot to make my daily posts. Now that I’m getting back on track with my habits I feel better.

Today I almost was back on track with my trading. I’m still paper-trading, and relearned some things which I had forgotten about. Since I won’t be posting results/charts again today I'll post the list of notes that I printed out and taped to my desk so I always remember to look at them. These notes are basically the foundation of my trading, and if I stick to them I should be back to it in no time.

• Check larger time frames in the morning to get an overall idea of where things will head throughout the day.

• Use that info to trade only 1M leaning toward your overall forecast (i.e. larger timeframe says over all trend should be down then trade mostly shorts with most of your sizing on the shorts).

• Only check larger timeframes during the day to see if overall picture has changed. If it has changed then adjust accordingly (i.e. if it looks to be going flat don't trade, if it looks to be reversing then lean the other direction).

Remember that you want to forecast, not react!

• When you forecast flatness step away from the computer! If you have to, go fishing!

• Reset lines each day (clear ALL support/resistance/trend lines at the end of each day), and make new ones the following morning using mostly the 1M chart.

Shy away from playing pullbacks, and when you play them only trade them with light sizing.

Pay attention to the economic data and adjust your naps if major news is coming out.

• On Fridays you only trade the morning (STOP trading after about 9amMST) and be super cautious! 99% of the time you will not have ANY trades on Fridays.

Trades for 8-18-09

I did some experimenting today just to back track and reeducate myself. I found that I have been totally reacting when I’m making my entries instead of forecasting. Toward the end of the day I got better on the forecasting side but still need to work on it.

Since I was experimenting and paper trading I decided to not post my results/charts.

Trades for 8-17-09

Today I did +.54% during London hours, -1.96% in abnormal hours, and -2.66% during normal hours. After I closed today I decided to go back to paper trading because something is wrong. I always wind up going right back to a breakeven on my account after a while of making gains (i.e. making gains for 3 moths and loosing them all in a week). So I figured that I should put my real trading on pause since I still have a slight gain on my account.

The other thing that didn’t help today was the fact that I drove 27 hours within about 48 hours, and I’m totally out of it.

Totals for the day
Forex: (-4.08%) Real Trades
All times on the charts are Mountain Standard Time

17 trades, 8 losses, and 9 gains

I decided not to post my charts for today.

Thursday, August 13, 2009

Trades for 8-13-09, and weekly total

My total for the week is +2.60%.

Today I did +1.44% during London hours, and +.76% in abnormal hours. I had no trades during normal hours. I closed my week today because I will be heading down to AZ to visit family.

For the end of week post I have a random link to a keyboard that is totally overkill for anyone doing anything with a computer: http://www.thinkgeek.com/computing/keyboards-mice/9836/

Totals for the day
Forex: (+2.20%) Real Trades
All times on the charts are Mountain Standard Time

6 trades, all gains


Wednesday, August 12, 2009

Trades for 8-12-09

Today I did +.29% during London hours, -3.15% in abnormal hours, and +1.38% during normal hours. My worst point was -9.06%, and my best point was +.29% (my 1st trade). After my 1st loss I let fear take over instead of letting it roll off my back, but thankfully I caught it before the end of the day and was able to make some of my money back on the fed news. I should have just trusted my gut (experience) and not traded anything from after my 1st trade to when the fed news came out.

Totals for the day
Forex: (-1.48%) Real Trades
All times on the charts are Mountain Standard Time

17 trades, 6 losses, and 11 gains




Tuesday, August 11, 2009

Trades for 8-11-09, and my 300 post!

Today I did +.40% during London hours, +.48% in abnormal hours, and had no trades during normal hours.

Since this is my 300th post I decided to post some music:


Totals for the day
Forex: (+.88%) Real Trades
All times on the charts are Mountain Standard Time

6 trades, 1 loss, and 5 gains


Monday, August 10, 2009

Trades for 8-10-09, and a scouting trip

Today I had no trades during London hours, did +.20% in abnormal hours, and +.80% during normal hours.

I also went scouting this weekend because bow season is in about 2 weeks. Here are some photos, and a video of an elk herd:

Click here for the elk herd video.









Totals for the day
Forex: (+1%) Real Trades
All times on the charts are Mountain Standard Time

9 trades, 5 losses, and 4 gains




Friday, August 7, 2009

Trades for 8-7-09, and weekly total

For the week I’m -14.21%. Which is my 1st down week since 5-15-09.

Today (8-7-09) I had no trades during London hours, did +.98% in abnormal hours, and +1.99% during normal hours.

This week has been crazy, and I’ve learned from it. The #1 thing (in trading) I’ve learned is that I let myself become lazy which in turn made me mentally slow to recognize the market going flat. Then once the market went flat and I made some losses I figured I could make a comeback like I have before, but this time was different because it went so flat for so long. The other thing I’ve learned (spiritually) is that money/trading doesn’t matter in the end, and it can come and go like the wind. What I have to do is just be happy with what I have, and to always do my best because I have no control over what happens in life.

For this week I’m posting a quote from the bible (Ecclesiastes 9:7-12) that I read last night (8-6-09) which taught me a lot about life:

“Go thy way, eat thy bread with joy, and drink thy wine with a merry heart; for God now accepteth thy works. Let thy garments be always white; and let thy head lack no ointment. Live joyfully with the wife whom thou lovest all the days of the life of thy vanity, which he hath given thee under the sun, all the days of thy vanity: for that is thy portion in this life, and thy labour which thou takest under the sun. Whatsoever thy hand findeth to do, do it with thy might; for there is no work, nor device, nor knowledge, nor wisdom, in the grave, whither thou goest. I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all. For man also knoweth not his time: as the fishes that are taken in an evil net, and as the birds that are caught in the snare; so are the sons of men snared in an evil time, when it falleth suddenly upon them.”

Totals for the day
Forex: (+2.97%) Real Trades
All times on the charts are Mountain Standard Time

4 trades, all gains






Trades for 8-6-09

Today (8-6-09) I did -3.91% during London hours, -3.84% in abnormal hours, and no trades during normal hours.

Totals for the day
Forex: (-7.75%) Real Trades
All times on the charts are Mountain Standard Time

3 trades, all losses


Thursday, August 6, 2009

Trades for 8-5-09

Today I did -3.14% during London hours, -3.36% in abnormal hours, and -3.44% during normal hours. My problem today (and yesterday) was I shouldn’t have been looking at the 1 minute chart, but instead I should have been watching the 30 minute or 1 hour chart. I was more worried about making up lost money then I was about the fact that I suck at trading flat markets. Well, I had to relearn my rule of not trading flat stuff today and it sucked. I wish I didn’t have to loose so much but that’s what I get for A.) not following my flat rule, and B.) trying to make up losses by trading full sizes. Now that I’ve learned my lesson I should be good from now on.

Totals for the day
Forex: (-9.94%) Real Trades
All times on the charts are Mountain Standard Time

22 trades, 12 losses, and 10 gains








Tuesday, August 4, 2009

Trades for 8-4-09

Today I did +.51% during London hours, -2.32% in abnormal hours, and -1.02% during normal hours with my worst point being -4.44% on the day. The biggest mistake I made today was I should have just taken the rest of the day off after I was done with London hours trading. My 2nd biggest mistake was that I had my stop too low in my 5th trade (see 3rd chart below).

Totals for the day
Forex: (-2.83%) Real Trades
All times on the charts are Mountain Standard Time

31 trades, 13 losses, and 18 gains