Wednesday, November 30, 2011

Pending home sales, China, Fed decenter, Europe's inflation and jobs, ADP Employment, German employment, Canada's economy, and US 3Q productivity

Pending home sales up
China cuts RRR
A decenter in Fed liquidity move
Europe's inflation and jobs
November 2011 ADP National Employment Report
German unemployment
Canadian economic report
US 3Q productivity

Trades for 11-30-11

I started out good with my 1st trade, then went downhill, then recovered to end the day with a slight loss. I also woke up 4 hours later than usual because I couldn't get any sleep last night. It was a surprise too see the huge jump in EUR/USD off the central bank news. On one hand I like it for the moves the market is making, on the other hand I hate it because it's devaluing the dollar.

Forex: 20 trades, 9 losses, and 11 gains for a total of -6.1 pips

Coordinated central bank action sends dollar down

Coordinated central bank action sends dollar down

Tuesday, November 29, 2011

The Euro, How to use Gann indicators, ECB balance sheet, Consumer confidence, FHFA housing report, and investing insights

The High Price of Abandoning the Euro
A great article on how to us gann indicators
ECB balance sheet swells
Consumer confidence is up
The full FHFA housing report
12 insights from Seth Klarman - Is it just me or do the things he says sound like basic stuff? The article makes it look like no one has ever had those insights before.

Trades for 11-29-11

We had a nice breakout on the Italian bond news, and I managed a decent profit. I would have done better had I adjusted my stops for the volatility, but I'm still happy with my performance. I ended my day because I was starting to head into the "over trading zone."

Forex: 17 trades, 9 losses, and 8 gains for a total of +12.1 pips

Friday, November 25, 2011

Wednesday, November 23, 2011

Trades for 11-23-11

I woke up later than I wanted, and my desktop wasn't pulling up Oanda's trading platform. So I wound up having to trade on my laptop. Once I got back to essentially break even I decided to call it a day because I wasn't expecting much with the holiday tomorrow. I hope everyone has a good thanksgiving! Looks like my time will be spent reformatting (reloading everything from scratch) my desktop.

Forex: 5 trades, 3 losses, and 2 gains for a total of -0.1 pips

Tuesday, November 22, 2011

US GDP, New Zealand exodus, why you should move to Hong Kong, choppy market, and FOMC minutes

US GDP report
The New Zealand exodus
10 reasons to transfer to Hong Kong if you work in the banking industry
Market chops
The FOMC minutes

Trades for 11-22-11

I was actually focused enough to make money in this choppy stuff. It's not much, but when you consider how poorly I usually trade choppy markets it's actually really good.

Forex: 8 trades, 3 losses, and 5 gains for a total of +7.1 pips

Monday, November 21, 2011

Greece, ECB, US bonds, What can the ECB do? US home sales, and plans to boost UK economy

The Greek Prime Minister is expected to meet with the ECB's Draghi tomorrow. Might get an announcement from them so keep your eye out.

Investors buying up U.S. bonds
An excellent article on what the ECB can and can not do
Plans to boost UK economy
October US home sales

Trades for 11-21-11

The market fooled me multiple times into thinking it was actually going t break out. I got sucked right in and lost.

Forex: 6 trades, all losses for a total of -27.3 pips

Friday, November 18, 2011

US economic growth, Russia comments on euro bailout, Strategy selection, and Germany's secret plans

U.S.A. economic growth and forecast
Russia comments on euro bailout fund
Strategy selection
Germany's secret plans

Trades for 11-18-11

We finally had a breakout today! I managed to get my best trading day since I resumed trading back in September. I thought about continuing to trade today, but I wanted too end on a good note. The run wasn't going as strong any more either, and the daily still has downward momentum (though this is changing so we'll see).

Forex: 3 trades, all gains for a total of +23.8 pips

Thursday, November 17, 2011

Trades for 11-17-11

I attempted to trade choppy crap today and got burned. I really need to just not trade these kind of days. I also had trades in other currency pairs that I don't normally trade.

Forex: 7 trades, 6 losses, and 1 gain for a total of -18 pips

Wednesday, November 16, 2011

Higher time frames, ECB buying Italian bonds, and the U.S. economy improving

Use higher time frames - Even though I use 5 second charts I still use the higher time frames to get an overall idea of how things are moving. An article like this is a good reminder to not pigeonhole yourself.
ECB driving Italian bond yields down
U.S. industrial output up
Demand for U.S. assets on the rise

Trades for 11-15-11

It was a very choppy day today, I'm surprised I made it out with as little of a gain as I did. I need to avoid these kind of days more, trading them is too hard for me (at least right now it is).

Forex: 12 trades, 6 losses, 1 flat and 5 gains for a total of +.05 pips

Monday, November 14, 2011

Japan, ECB, Italian bonds, US Lawmakers, Nationalization, Economic slowdowns, and the Euro

Japan's economy grows, but could be short lived
ECB buying Italian bonds
USA lawmakers working on budget deal
Europe heading toward bank nationalization
Major economies heading for slowdowns
Fixing the euro

Trades for 11-14-11

Looks like my new found motivation is paying off already. I also forgot to mention in my last post that I'm VERY fortunate to have the dad I have. Without him I wouldn't be where I am today.

Forex: 5 trades, 1 loss and 4 gains for a total of +20.9pips

I'm back! With a little background on me

So I did some thinking, and talked with my Dad over this weekend. We dug and realized something, and to explain this I'm going to go a little into my background.

One of my major problems that not only affects my trading, but also affects the rest of my life is my past experience with ice hockey. I had worked very hard, and always did my best (my goal was to become pro). I would always be one of the top players (or the best player) on all of the teams I played for. However when I hit the higher levels of the sport I discovered what team sports are really like. I wasn't the social type (and still am), didn't like to party, kept my mouth shut, and my dad wasn't kissing the coaches'/other parents' butts. So when I went out for Jr. B teams I wouldn't be picked because I didn't know anyone and didn't kiss up to anyone (I also wasn't the typical dumb hockey fighter either). The final straw was when I tried out for the last Jr. B team on my list. I had known the coaches from receiving private lessons from them more than twice a week for the past 3 years. They were former pros and semi-pros who knew I was good. Yet when try outs came they still picked people I knew were worse than me and left me hanging out to dry. These other guys were either the son of the OSU college hockey team, the booster club head's son, etc.

So, to shorten the story a little I wound up moving to Colorado and becoming a ski bum for a few years. I had just gave up on everything and couldn't get motivated for anything. I figured "why bother?" you're only going to work hard to get nowhere. I had blamed myself for my hockey experience, thinking that it must've been something wrong with me and not them. This "why bother?" attitude wound up burying itself in my subconscious, and lingering up until now. The talk I had with my dad over this weekend helped me to realize it was there. Now that I have grown up (some, I'm still in my 20's and have a lot to learn) my dad was able to get through to me that it's their fault, not mine. I did my best and would have been the best had they let me. Working hard and staying dedicated to something will get me rewards. Just stick to it and it will work out.

I hope I didn't bore you to death, but now you know why I've decided to continue trading. With my new attitude and drive it will succeed. I also hope this may help someone else out there who has been burnt by people in the past. Don't let them bring you down, you can do it.

Friday, November 11, 2011

Trades for 11-11-11

Yep, I think I'm done trading. I'll let you guys know my decision on Monday.

Forex: 7 trades, 6 losses and 1 gain for a total of -22.6 pips

Thursday, November 10, 2011

Trades for 11-10-11

I guess I just don't know what I'm doing. One more down day and I will likely stop trading for good.

Forex: 13 trades, 9 losses and 4 gains for a total of -17.1 pips