March 19, 2009
Here is the current order table
|
20 Day High |
55 Day High |
20 Day Low |
55 Day Low |
EUR/USD |
1.35335 |
1.37996 |
1.24557 |
1.24557 |
USD/JPY |
99.674 |
99.674 |
94.255 |
87.094 |
GBP/USD |
1.46067 |
1.53737 |
1.36535 |
1.35012 |
USD/CHF |
1.19676 |
1.19676 |
1.13743 |
1.08625 |
I have no open positions at this time.
December 27, 2008
9:52pm
It was another slow day in the currencies. When the markets trade again on Sunday, I will have the moved my stops to what you see below
Open Pair Current rate Current Stop Sunday’s Stop
12/4 USD/JPY 90.704 93.898 90.971
12/11 EUR/USD 1.40605 1.25484 1.38244
12/11 USD/JPY 90.704 90.971 93.898
12/12 USD/CHF 1.06840 1.22511 1.12474
12/16 EUR/USD 1.40605 1.36286 1.25484
12/16 USD/CHF 1.06840 1.17656 1.22511
December 24, 2008
Merry Xmas Eve. Market was slow as expected and actually closed early. Our positions are up a total of 2719 pips. We will update again on Friday.
Full Contracts $27,190
Mini Contracts $2,719
Micro Contracts $272
We will have the updated stops posted on Friday.
December 23, 2008
The portfolio total pips for the open 6 contracts is + 2505 pips
Full Contracts $25,050
Mini Contracts $2,505
Micro Contracts $251
My stops on the open contract are updated to the following
JPY 12/4/08 93.055
EUR 12/11/08 1.32496
JPY 12/11/08 95.945
CHF 12/12/08 1.19998
EUR 12/16/08 1.25489
CHF 12/16/08 1.22507
A few of the large range days are about to drop off so our stops will be getting closer to the price action.
December 22, 2008
We were closed out of the one losing position we had in the GBP
We took a 800.5 pip loss so based on the account you are trading:
Full Contracts -$8,005.00
Mini Contracts -$800.50
Micro Contracts -$80.05
Are 6 open contracts are still up 2463 pips
Full Contracts $24,630
Mini Contracts $2,463
Micro Contracts $246
It is Christmas week so the traders are thin and this time of the year is famous for market manipulation. Since we are long term trend traders we are usually safe from these scum bags. We are really hoping to see a small consolidation so we can close out some of these positions. We can hope all we want but again we will only listen to what the market tells us.
December 20, 2008
There was a major retracement in our portfolio on Friday. President Bush announced the bail out package for the auto industry and that sent the US Dollar soaring. We are still sitting with a nice profit and hope to have a few low range mellow days. Remember we have a LONG term trend approach so when the market spikes wild back and forth we have huge account swings. That is why we must be capitalized!
Remember I will not try to play fortune teller. My crystal ball broke many years ago. I do not predict direction or timing. I just make sure I have the proper orders in place and just monitor what the market is telling me. The market is always right.
We still have the same 7 open contracts with a value of plus +1,678 pips
Full Contracts $16,780
Mini Contracts $1,678
Micro Contracts $167
December 18, 2008
No new positions were added today as we saw a pull back in our cuurent portfolio. This is not unexpected as "what goes up must come down" is in effect.
We have seen our four currencies pull back as there is some professional profit taking.
Overall we have seen our account take a 1300 pip drop in one day.
We now stand up $2972 pips or
Portfolio Values per contract:
Full Contracts = +$29,720
Mini Contracts = +$2,972
Micro Contracts = +$297
December 17, 2008
Wow what a run in the currencies. Over the last three days the US dollar has lost value like no other time in history. This is bad for the U.S. but good for the currency traders who trade like I do. Below is the recap of where our positions stand and their values to date:
Added or Sold – None
EUR/USD
12/11/2008 Long 1.30801 - current price 1.44410 - stop loss 1.26261 Value - +1359 pips
12/16/2008 Long 1.38002 – current price1.44410 – stop loss 1.24219 Value - +636 pips
USD/JPY
12/11/2008 Short 90.881 – current price 87.644 – stop loss 97.425 – Value – +325 pips
12/04/2008 Short 92.520 – current price 87.644 – stop loss 93.895 – Value - +486 pips
GBP/USD
12/16/2008 Long 1.55346 – current price 1.55350 – stop loss 1.45271 – Value - + 2 pips
USD/CHF
12/12/2008 Short 1.17734 – current price 1.07128 – stop loss 1.22513 – Value - +1061 pips
12/16/2008 Short 1.11241 – current price 1.07128 – stop loss 1.22967 – Value - +413 pips
Portfolio Values per contract:
Full Contracts = +$42,928
Mini Contracts = +$4,292
Micro Contracts = +$429
Wow! What a three day run it has been! Remember all is automatic and we will wait for the market to take us out hopefully at a profit.