Results, 27 Sept 2005
Hi all, hope you are enjoying your trading day. Sorry for the delay in the update today, main reason was I was holding an overnight position on the USD/JPY that I was waiting to close before I could give you summary of the days trading, it is rare I hold a position overnight, but this was one of those "oh god please go down" trades ;)
Ok, so how did we go, yesterday was a day of lucky escapes for me to be honest, jumping on the wrong side of the Frankfurt opening move I found myself relying on the London opening reversal to get me out of trouble, which, thankfully today it did this time, but not something I will do again. Today I stripped my charts down to the bones, with only Pivot lines and candlesticks being my tools of trade. I was finding that with the multitude of indicators out there I was getting more confused than anything and it was polluting my decisions.
Overall it was another profitable day, and pushes my pip tally into the positive for the first time since this blog started which is pleasing, especially considering I started on a -98 pip day. There was once again some strong reactions to economic news, so remember to keep the important dates and times in the back of you mind when trading. There are a couple of links on the main page to economic news and calendars to help you out.
Here are my results for the day:
Now as for the "trade of the day", to be honest I was not proud of any of my trades today, so instead here is a trade that I watched and predicted this morning but didn't trade as I was not going to be around to monitor it.
Trade of the day:
Now most of the explaining is there on the chart, but a thing to notice about the inverted hammer that signalled the move down, is that it's open price was above the closing price of the previous candle (its bodies bottom was above the previous bodies top). This is a good sign that a strong attempt was made to continue the run up but, as is shown by the very long wick, the bears rejected the move, giving a sign that they have gained the upper hand. Now it would best to be able to confirm this with an indicator, but until I figure out what to use to suit me, I can't recommend anything for you :).
So overall a good day in terms of Pips, not such a good one in terms of knowledge gained.
Just to finish off, a few people have alerted me to the fact that this blog is unavailable from time to time. Unfortunately this is out of my control as it seems to be an issue with the blogger servers, I have contacted support regarding this matter so hopefully it will improve. In the meantime, the following two addresses will lead you here, so if one does not work, try the other:
http://akuma99.blogspot.com
http://www.akuma99.blogspot.com
Also, if you are running Firefox, you can subscribe to my RSS feed simply by right clicking on the RSS icon at the bottom of the browser, or receive daily email updates when new posts have been made here by entering your email address at the right of the page.
Happy trading!
Today's result: +33 pips | Overall: +22 pips
Ok, so how did we go, yesterday was a day of lucky escapes for me to be honest, jumping on the wrong side of the Frankfurt opening move I found myself relying on the London opening reversal to get me out of trouble, which, thankfully today it did this time, but not something I will do again. Today I stripped my charts down to the bones, with only Pivot lines and candlesticks being my tools of trade. I was finding that with the multitude of indicators out there I was getting more confused than anything and it was polluting my decisions.
Overall it was another profitable day, and pushes my pip tally into the positive for the first time since this blog started which is pleasing, especially considering I started on a -98 pip day. There was once again some strong reactions to economic news, so remember to keep the important dates and times in the back of you mind when trading. There are a couple of links on the main page to economic news and calendars to help you out.
Here are my results for the day:
Now as for the "trade of the day", to be honest I was not proud of any of my trades today, so instead here is a trade that I watched and predicted this morning but didn't trade as I was not going to be around to monitor it.Trade of the day:
Now most of the explaining is there on the chart, but a thing to notice about the inverted hammer that signalled the move down, is that it's open price was above the closing price of the previous candle (its bodies bottom was above the previous bodies top). This is a good sign that a strong attempt was made to continue the run up but, as is shown by the very long wick, the bears rejected the move, giving a sign that they have gained the upper hand. Now it would best to be able to confirm this with an indicator, but until I figure out what to use to suit me, I can't recommend anything for you :).So overall a good day in terms of Pips, not such a good one in terms of knowledge gained.
Just to finish off, a few people have alerted me to the fact that this blog is unavailable from time to time. Unfortunately this is out of my control as it seems to be an issue with the blogger servers, I have contacted support regarding this matter so hopefully it will improve. In the meantime, the following two addresses will lead you here, so if one does not work, try the other:
http://akuma99.blogspot.com
http://www.akuma99.blogspot.com
Also, if you are running Firefox, you can subscribe to my RSS feed simply by right clicking on the RSS icon at the bottom of the browser, or receive daily email updates when new posts have been made here by entering your email address at the right of the page.
Happy trading!
Today's result: +33 pips | Overall: +22 pips
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on Wednesday, September 28, 2005 at 1:47:00 PM.
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