Just traded pre world cup - post US trade report. Some nice Yen moves but the choppiness on the Swiss Franc told me the European players were glued to the World Cup with the Tikos ready to challenge Germany. I also learnt to cancel your near orders as a ton of double fills today in a very thin market - tried the theory of advancing slippage but too frustrating for me - I can't recall such agitaation from being blindsided by the unexpected fill. Off that new found theory on Monday. Have a great weekend - remember is a G-8 Fin Min meeting also this weekend. Overall a profitable week with another 35 pips today - despite the double fills Profit = 35 pips Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/09/2006 8:51am Forex Cover USD/JPY 113.73 113.76 113.57 0.16 Murrey -1/8 (F) 06/09/2006 8:39am Forex Sell USD/CHF 1.2298 1.2295 1.2295 -0.0003 Trailing Stop 06/09/2006 8:35am Forex Sell USD/CHF 1.2294 1.2288 1.2296 0.0002 Trailing Stop 06/09/2006 8:27am Forex Sell USD/CHF 1.2318 1.2321 1.2321 0.0003 Trailing Stop 06/09/2006 8:18am Forex Cover USD/CHF 1.2308 1.2315 1.2304 0.0004 Figure Spit (F) 06/09/2006 7:58am Forex Cover USD/JPY 114.06 114.03 114.03 0.03 Trailing Stop 06/09/2006 7:48am Forex Sell USD/JPY 114.17 114.13 114.23 0.06 80/20 Spit (F) 06/09/2006 7:33am Forex Sell USD/JPY 114.1 114.14 114.14 0.04 Trailing Stop
Today I talked about the World Cup and distractions. A classic day in forced trades and tardiness saw me down for the first time I can remember as I got caught in that post NY slipage buying Euro off the daily 50 - none of this is part of my trading plan. Sometimes you need a wack to remind you and keep you in shape and focused - today was that. It has been frustrating me no end that the scalping mantra that many bring has affected me somewhat and altered my expectations - I was expecting this day - just didn't no when - a Monday afternoon is a great reminder of why we do well and why others fail - no point beating myself up about it anymore - gotta move on. Loss = 9 pips Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/12/2006 02:35pm Forex Cover EUR/USD 1.2598 1.2592 1.2587 -0.0011 Stopped out 06/12/2006 02:35pm Forex Cover EUR/USD 1.2605 1.2609 1.2609 -0.0004 Stopped out 06/12/2006 11:14am Forex Sell EUR/USD 1.2574 1.2572 1.2583 0.0009 80/20 Spit (F) 06/12/2006 10:45am Forex Cover EUR/USD 1.2505 1.2508 1.2508 -0.0003 Trailing Stop
Good evening all, Today I posted a very important posting on my trading blog: If you have a yahoo email or member of a yahoo group I would strongly advise you to read it. If you trade or use any of our services it is essential you read it. Please go to âBillyâs Trading Blogâ entry; http://traderscommunity.com/weblog_entry.php?e=448 You can see it there - log on and reply if you like or offer any ideas are greatly appreciated. Regards, Billy I have reprinted it below. Billy's Trading blog A virus in the trading plan! June 13 2006, 21:03 Well well well .. couldn't work out the weird behavior of the market past few days - losing day yesterday had me dumbfounded. Now after a little look further it is crystal clear! I trade on a java based platform - HotspotFxi which has been wonderful until strange things started to happen last Friday - not Monday as Yahoo says. Could not understand late action, sticking prices, missed orders etc - thought it was world cup etc - damn all from the yahoo worm and hitting emails from people I know! I would like to thank my friend Orbit for helping me out today and cleaning up my trading computer with all the IE scripts giving me great havoc. No trading to report today - lost about 6 pips on the Aussie and flat JPY and then stopped when I entered what appeared to be the twilight zone and a lot of swearing from all this. So it is very clear that your trading machine is kept safe from all possible 'demons' as it were. I will be only opening web based email sparingly and on a off network computer. Also I am updating all virus/security software and will inform you all tomorrow. I am just very grateful I stopped trading and solved the problem before I pulled anymore hair out and cost me any more money or opportunity - all good now and I look forward to a new dawn! Have a great evening. Well turns out it wasn't the market but the technology - I post the two news reports from today that tell the story. News Release 1 Yahoo says e-mail worm now contained SUNNYVALE, Calif. (AFX) - Yahoo Inc. said Tuesday it has contained a malicious program aimed at the millions of people who use its e-mail service, which ranks as the world's largest. The worm, dubbed "Yamanner," infected a recipient's computer as soon as the toxic e-mail was opened. It then scanned contact lists for additional targets, according to security software maker Symantec Corp. Sunnyvale, Calif.-based Yahoo said "a very small fraction" of its more than 200 million e-mail accounts were infected Monday when the problem was first identified. The worm didn't affect the next version of Yahoo's e-mail service, which remains in its test, or "beta," phase. "We have taken steps to resolve the issue and protect our users from further attacks of this worm," Yahoo spokeswoman Kelley Podboy said. "The solution has been automatically distributed to all Yahoo Mail customers, and requires no additional action on the part of the user." As a precaution against variations on the Yamanner worm, Yahoo advised its e-mail users to update their antivirus programs and block all incoming correspondence from av3(at)yahoo.com. The worm arrived in the form of an e-mail containing JavaScript and contains the words "New Graphic Site" in the subject field, according to Symantec, the maker of Norton antivirus software. Unlike many worms that require an attachment to be opened, the latest bug was unleashed as soon as the e-mail was opened. It burrowed into e-mail contact lists in search of addresses containing the domains yahoo.com and yahoogroups.com, according to Symantec. Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. News Release 2 13 Jun 2006 16:49 GMT Yahoo Patches Email Security Hole, Stops Virus' Spread By Riva Richmond Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Yahoo Inc. (YHOO) said it fixed a security hole that allowed an email virus to spread among users of its Web-based Yahoo Mail service Monday, ending the virus' ability to spread. The fix was automatically distributed to all Yahoo Mail users, making them immune to the threat. The Sunnyvale, Calif., Internet company said it detected the virus on Monday morning and that it affected only "a very small fraction of Yahoo! Mail users." "Yahoo! treats security and user protection seriously," said spokeswoman Kelley Podboy in an email. "When we learn of e-mail abuse, such as a worm or other online threat, we take appropriate action." The malicious program, dubbed "Yamanner" by antivirus-software maker Symantec Corp. (SYMC), was able to spread by using Yahoo Mail contact lists. It took advantage of the previously unknown programming flaw in Yahoo's email system to spread automatically when users opened virus-laden emails. Unlike most email viruses, it wasn't necessary to open an attachment to activate Yamanner. The virus also harvested addresses in victims' contact lists and sent them to a remote server on the Internet, perhaps in preparation for a future attack, Symantec said. Yahoo advised its users to update their antivirus software and firewall defenses and to review Yahoo's online guide to computer security at http://security.yahoo.com/. -By Riva Richmond, Dow Jones Newswires; 201-938-5670; riva.richmond@dowjones.com (END) Dow Jones Newswires 06-13-06 1249ET ___________________________
Relief - sums it up. I had one objective today that was to make sure all the technology was in order and the damage caused by Yahoo was a thing of the past. I concentrated on just trading the Aussie in the morning and was very pleased with the result - nice crisp fills - no transaction slippage and to top it off 48 pips profit. Profit = 48 pips Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/14/2006 01:14pm Forex Sell AUD/USD 0.7362 0.7378 0.7378 0.0016 Trailing Stop 06/14/2006 09:09am Forex Sell AUD/USD 0.7347 0.7355 0.7365 0.0018 Trailing Stop 06/14/2006 09:03am Forex Sell AUD/USD 0.7347 0.735 0.735 0.0003 Trailing Stop 06/14/2006 09:03am Forex Cover AUD/USD 0.7374 0.7371 0.7371 0.0003 Trailing Stop 06/14/2006 09:01am Forex Sell AUD/USD 0.7363 0.7371 0.7371 0.0008 Trailing Stop
Wasn't feeling the best today having caught a bug yesterday so only a few scalp trades - missed all the fun. Profit = 7 pips Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/15/2006 01:44pm Forex Cover EUR/USD 1.2622 1.2627 1.2626 -0.0004 Trailing Stop 06/15/2006 12:38pm Forex Cover USD/CHF 1.2323 1.2319 109.71 0.0004 No Impulse Down 06/15/2006 06:44pm Forex Sell EUR/USD 1.2606 1.2615 1.2599 0.0007 Breakdown retested (F)
I am sure you saw the news Houston got pretty wet - and for safety we shut down most of the servers - no need to it turns out but how bad does it always look on TV these days. Just did a EURCHF set up which unfortunately had too tight a trail on and an Aussie 80/20 Spit The Result was 17 pips which should pay for some new grass at least Profit = 17 pips Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/19/2006 02:31pm Forex Cover EUR/CHF 1.5614 1.561 1.561 0.0004 200 MA (Flat) 06/19/2006 02:12pm Forex Cover EUR/CHF 1.5609 1.5617 1.5602 0.0007 80/20 Spit (F) 06/19/2006 11:07am Forex Cover AUD/USD 0.7374 0.7378 0.7368 0.0006 No Impulse Down
Sorry for late post - been caught up with the weather. Some decent trades as was in and out most of the day. Profit = 27 pips Will have most of day out as on baby sitting duty tomorrow (Wed) Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/20/2006 02:06pm Forex Sell EUR/USD 1.2612 1.2614 1.2607 0.0005 Momentum Stalled 06/20/2006 09:53pm Forex Cover AUD/USD 0.7374 0.7378 0.7367 0.0007 50 ma (F) 06/20/2006 09:31pm Forex Cover AUD/USD 0.7367 0.7363 0.7572 0.0005 80/20 Spit (F) 06/19/2006 10:22pm Forex Cover USD/JPY 115.63 115.57 115.53 0.1 Momentum Stalled
Today was one of the days it was just hard to focus - Australia v. Croatia a win or draw and Australia goes through. The world cup has really dulled volume and today it took me into that camp also - tried trading the Aussie and very choppy - not unlike the Football. Though it was all worth watching what will go down as a great day for Australian sport. The lesson if you can't focus take the session off Result = 0 (Flat) Time Instrument Type Symbol Entry Stop Exit Profit/Loss Trade Basis 06/22/2006 03:17pm Forex Cover AUD/USD 0.7333 0.7338 0.7341 -0.0008 Stopped out 06/22/2006 03:16pm Forex Sell AUD/USD 0.7327 0 0.733 0.0003 No Impulse Up 06/22/2006 03:16pm Forex Sell AUD/USD 0.7326 0.7318 0.7329 0.0003 Trailing Stop 06/22/2006 09:39am Forex Cover AUD/USD 0.7347 0.7353 0.7352 -0.0005 No Impulse Down 06/22/2006 09:19am Forex Sell AUD/USD 0.7349 0.7347 0.7347 -0.0002 No Impulse Up 06/22/2006 08:17am Forex Sell EUR/USD 1.2578 1.2582 1.2587 0.0009 Close ahead of release