I reentered GBP/JPY on the short side last night @ 202.50 in SA2 to pick back up where my stopped out trade @ 203.12 left off, still seeing further downside potential from 206.78 called in the Guppy Swimming Down post two days ago. Currently up +166 after dipping as low as 200.44, with +135 locked in @ 201.15.
Also in SA2 I took a EUR/AUD short @ 162.79 consistent with this post, also from May 7. Currently @+136, with +125 locked in @ 164.04.
I closed my EUR/CAD position last night in SA1 @ 156.30 to be flat ahead of Friday. A bit unfortunate, with the pair headed another 60 pips in the direction of the trade.
+27 pips on EUR/CAD short in choppy Tokyo trade (on EUR/CAD? No way!); if the 2100 candle can hold 156.39 the pair may be going places….
GBP/JPY stopped out @ 203.12 in SA2 for +10, by the way. I’m still looking for further movement down, and will look at taking another short on a pullback, also in SA2.
Never mind daily trading activity; I have been skipping out on logging weekly trading activity…at any level of detail. To atone for the omission and take a moment to look over how Weeks 15-18 have gone, I’ve lifted the following from my records.
Note: because of varying position sizes across trades, I’ve modified the pip totals to be expressed in 1 standard lot values (e.g. where I’ve traded 5 mini lots, I’ve halved the pip total for that trade; where I’ve traded 2 standard lots, I’ve doubled the pip total; traded 1 standard lot, left total unchanged, etc.).
USD/CHF: +197; 5 W/0 L
EUR/CHF: -16; 0 W/ 1 L
GBP/CHF: +184; 7 W/3 L
CAD/JPY: -105; 1 W/4 L
EUR/JPY: -84; 4 W/4 L
GBP/JPY: +816; 14 W/7 L
AUD/JPY: +255; 3 W/1 L
USD/JPY: +213; 9 W/0 L
EUR/AUD: -127; 2 W/4 L
EUR/GBP: +97; 2 W/0 L
EUR/USD: +487; 5 W/2 L
AUD/USD: +324; 3 W/0 L
NZD/USD: +218; 7 W/2 L
GBP/USD: +192; 3 W/0 L
EUR/CAD: +139; 3 W/0 L
USD/CAD: -235; 3 W/4 L
Even though USD/CAD and I aren’t friends at the moment, along with Week 14 with +393 pips, 12 W/7 L, April (well, the last 30 trading days, including 03/30-03/31 and 05/01-05/02) was an incredibly good month:
- 2948 pips
- 122 trades on 16 pairs: 83 Wins; 32 Losses
- Win %: 68.03%
Weeks 17 and 18 went particularly well, with close to 20% of net pips earned in the month coming from last week’s GBP/JPY trades alone. For whatever reason, EUR/AUD continues to be a problematic pair (still haven’t quite figured this out; and no, it isn’t the spread), while USD/CAD’s choppy range-bound action chewed me up bit by bit and every time I came back asking for more. Neither market price action or personal performance on CAD/JPY is 100% correlated to what’s going on w/ the USD/CAD, but the relationship there can’t be missed; except sometimes when I defy reason and do miss it.
That took a bit longer than I thought. Until London opens….
Because pragmatic concerns (life) mean I can’t consistently cover trades taken session-by-session (that would amount to a form of slavery, anyway) or even day-by-day and I am a bit obsessive-compulsive about symmetry and completeness (e.g. “4 out of a set of 5? Throw them away” or “29 pips profit? No, it’s 30 or 20, but not 29!” or “A millimeter to the left. No, I’m not kidding; A millimeter to the left”), I’ve decided to resign from the personal expectation of blogging trades as they occur (or as soon thereafter), and relegate journaling trade details to a once-a-week routine, numbering the weeks according to the weeks of the year (i.e. this week is week 15 out of 52); but of course I reserve the right to publish them more often if I like. Ahh…yet another exacerbated neurosis quelled.
An unusually high number of trades this week. Overtrading a bit on AUD/USD in particular led to some silly losses. Noticeably absent here is the large upside move on the Yen crosses. Several good setups came about around the London open on Tuesday, but I was a bit too late to the party (middle of the night) to act on them and so I passed when I saw them in the morning here. Much to my dismay as the 198.50 trigger on GBP/JPY I missed, for example, made it just above 204 before I had a read on a sell there. All that aside, a great week.
Day 1 – Sunday, 03/30/08:
SHT AUD/USD @ .9147. Closed @ .9146: +1
SHT AUD/JPY @ 91.47. Closed @ 91.12: +35
SHT GBP/JPY @ 199.52. Closed @ 198.11: +141
Pips: +177
Day 3 – Tuesday, 04/01/08
S EUR/USD @ 157.09. Closed @ 156.58: +51
L USD/CHF @ 1.0012. Closed @ 1.0032: +20.
S EUR/CAD @ 1.6010. Stopped out @ 160.55: -45
S EUR/AUD @ 1.7163. Stopped out @ 172.09: -46
B GBP/CHF @ 199.74. Closed @ 2.0039: +65
S EUR/CAD @ 159.58. Stopped out @ 159.43: +15
S EUR/AUD @ 171.84. Stopped out @ B/E: +0
Pips: +60
Day 4 – Wednesday, 04/02/08
S USD/CAD @ 1.0166. Closed @ 1.0066 (on 4/03/08): +100
S EUR/AUD @ 1.7113. Stopped out @ 1.7177: -64
S EUR/USD @ 1.5667. Closed @ 1.5552: +115
S AUD/USD @ .9139. Stopped out @ .9171: -32
S EUR/AUD @ 1.7134. Closed @ 1.7008: +126
S GBP/USD @ 1.9817 . Stopped out @ 1.9875: -58
S AUD/USD @ .9119. Stopped out @ .9149: -30
Pips: +157
Day 5 – Thursday, 04/03/08
B GBP/USD @ 1.9941. Closed @ 199.53: +12
B EUR/USD @ 1.5658. Closed @ 1.5663: +5
S AUD/USD @ .9109. Closed @ .9127: -18
(flattened positions ahead of NFP)
Pips: -1
Day 6 – Friday, 04/04/08
NFP – no trades
Cumulative Pips for Week 15: +393
Wins: 12
Losses: 7
Win %: 63.2%
