Hi everyone, just opened 2 new daily-based trades that can be followed in my read-only mode demo account I created for you: 1. <b>SHORT EUR/JPY @ 138.41</b>, stop 140.41, target 135.00 2. <b>SHORT GBP/JPY @ 204.65</b>, stop 207.00, target 200.00 (half the size) ** The other 3 open trads are still working. Best regards, David
Looks like a reversion to mean system. I hope you're correct on the GBP trade; would like a lower entry into that carry-trade.
Hi everyone, the trade SHORT CAD/JPY @ 98.22 has been closed at 96.99 for a net result of +123. This trade can't be viewed in the "read-only mode" demo account because the pair is not available. ** The other 4 trades are still being held. Best regards, David
Hi everyone, the trades: 1. SHORT EUR/JPY @ 138.41 closed @ 138.21 +20 2. SHORT GBP/JPY @ 204.65, closed @ 204.06 +59/2(half size) = +29.5 <i>>> These 2 trades were placed in the read-only mode demo created for your review and so you will find the trades as well as the full report since trades started being placed there.</i> ** I still hold the 2 Usd/Jpy trades. Best regards, David
Hi everyone, well, the session ended with 3 out of the 5 trades being closed, and only the 2 usd/jpy shorts @ average in the low 115's are being held at the moment. What I would like to do now is to explain why the other 3 jpy trades were closed after less than 24 hours had elapsed from their opening time. The reason behind the 3 trade-closing, despite I can consider they have more downside potential, is no other than improving the enty price on the usd/jpy trades. With a net result of +162 for the day, if we divide that in 2 (2 usdjpy trades), that is a 63 pip better entry price on my jpy longs, which will reduce the trades exposure and will make of them less stressful trades (despite on the daily-based trades I try not to exceed a 4:1 leverage per trade), in the current highly-volatile environment. I just wanted to put a reasoning behind the actions I am posting here, not just naked trade-posting. Best regards, David
Hi everyone, I opened 2 new trades in line with my current favoured scenario for trading and redundant with the favourite pairs at the moment for my own trading action: 1. SOLD GBP/JPY @ 205.06 (half the size) 2. SOLD EUR/JPY @ 134.96 (half the size) *** Still holding the other 2 Usd/Jpy trades. The reason behind the half-sized trades is to hold some more bullets in the pocket in case a better price is needed to be obtained for the trades. David
Hi everyone, just completed the poker of aces in my JPY trading scenario: 1. SHORT CHF/JPY @ 90.15 (half the size). David
Hi everyone, more bullets in the market for my current JPY trading: 1 and 2. SHORT EUR/JPY @ 139.96 and 140.17 (half the size both, important to know) 3. SHORT GBP/JPY @ 205.88 ** View remains unchanged and so I keep on doing a disciplined and systematic trading with the crosses. David
Hi everyone, today was a nice trading day, good market activity and especially in the JPY crosses that I am monitoring at the moment. First, the list of closed trades: 1. CLOSED ALL EUR/JPY positions @ 139.47 (1.5 lots (100k size) in place) for a net result of 27 x 1.5 = +40.5 net pips 2. CLOSED ALL GBP/JPY positions @ 205.17 (1 lot in place) for a net result of +30 pips 3. CLOSED CHF/JPY position (0.5 lot) @ 90.25 for a net result of -10 / 2 = -5 pips <!>So the net daily result for today was +65 pips, which, apart from increasing my equity, have helped me in what was the pure intention when I opened the trades, to IMPROVE my usd/jpy short entry price. All crosses will go lower, but I am not trading them on a trade-by-trade basis, but only for helping the usd/jpy shorts which is the name of my game at the moment. NEW TRADE OPENED: SHORT USD/JPY (half the size or 0.5 lot) @ 115.67. <b>That makes my portfolio on a daily basis (daily-chart based trades)consisting of: 2.5 x SHORT USD/JPY @ avg 115.20 approx naked entry price (not counting profits on other crosses).</b> **Also remember that I favour cad/jpy shorts for those who may want to give it a shot, target 95. Trading Results Recap -Pips since inception (sep 13): +2,326 + 65 = +2,391 David
Hi everyone, opened 3 new half-sized bullets in usd/jpy shorts @ 115.85, 116.28, 116.40, for a total position in my portfolio of: 4 x usd/jpy shorts @ 115.58 average (4:1 leverage now) I have 2 more half-sized bullets in case they are needed (5:1 maximum leverage), but I am definitely happy with my current entry price, and I am not planning any more bullets at this very moment. David