Adventures of a Trader 2

Discussion in 'Journals' started by cashmoney69, May 24, 2008.

  1. nzd/jpy 1hr stop/target
     
    #31     May 28, 2008
  2. Went long E/U before I went to bed because the charts looked

    good, but instead of buying at market I set a limit order. Was

    oversold on my 4hr, and it made a nice upward candle, but it

    didnt hold up.

    Long EUR/USD @ 1.5706

    Target: 5850 ( 144)
    Stop: 5645 (61)


    - 61 pips
    - 2 spread

    PnL -63.00
     
    #32     May 28, 2008
  3. screen shot 1 & 2
     
    #33     May 28, 2008
  4. .
     
    #34     May 28, 2008
  5. Sorry for not posting a PnL recently. Ive been holding NZD/JPY

    short for a few days, and its been going pretty much no where.

    Building data comes out this afternoon for NJ, so that should get

    things going.
     
    #35     May 29, 2008
  6. So here is probably one of the worst trades I've had so far this

    year in the time wasted, the the technical analysis didnt hold up,

    and an execution mistake i made .. [/b]

    5/27/08

    Short 2 NZD/JPY @ 82.26
    Target: 81.00 ( 126)
    Stop: 82.50 (24) (by mistake only 1 lot was executed)


    5/28/08

    Cover 1 @ 82.52 --> PnL - 31.00

    Short 1 lot @ 82.21
    Target: 81.00 (121)
    stop: 82.70 (49)


    5/29/08

    Cover 2 @ 82.40

    PnL 41.82

    Lesson learned: Even though my stop didnt cover both lots, I should have covered the other lot asap, sinse that was the original plan.
     
    #36     May 29, 2008
  7. heres a look at the daily for NJ
     
    #37     May 29, 2008
  8. Short 1 lot GBP/JPY @ 208.08

    Target: 205.50 (258)
    Stop: 208.97 (91)
     
    #38     May 30, 2008
  9. Cover GBP/JPY @ 208.97

    - 89 pips
    + 7 spread

    PnL -96.00

    Had a feeling those lines were going to act as support, but the market was overbought, MA's had crossed, and it was 126 pips off its highs and it looked like a nice down trend in the making.

    Down to 150.40 account balance. Not like I havn't been down this road many times before. I cant keep doing this..I DONT FU--ING UNDERSTAND WHY NOTHING I DO WORKS, only when I get to such low points, am i able to come back...almost by some miracle

    goddamn..just cant do anything right this week. Im gonna get f---in wasted . :mad: :eek:

    Be easy on me I'm having a rough day. I didnt even feel like posting this crap, but I dont want this journal to be bias....so here it is.
     
    #39     May 30, 2008
  10. Good job for sticking to your stops cashmoney69. That in itself is something to be appreciated.
     
    #40     May 30, 2008