Here we go. Another trade by IHF (read: I Hate Forex) system. AUDUSD short trade was triggered during Tuesday morning london session. Final profit target was hit, since I bailed it out at 0.65 level. Another nice shot, nice short. +111 pips.
Here is the chart to inspire you. Making good trade is good for your health, I reckon. 😆
IHF (read: I Hate Forex) system went long of NZDUSD on Monday, and it was a crap. Stopped. And It went short on Tuesday. Another +130 pips trade. Nice short. Exited the trade at 0.52-ish level. Well, I maybe wrong, but who cares. Let’s wait for next signal.
Here is the chart to inspire you, my little trader.
I thought this chart is nice and probably inspiring. This is a short trade made by my ‘I-hate-forex’ system as I mentioned in my Weekly wrap up. Target was hit during opening hour of Friday London session.
Short EURGBP. +160 pips
This is a relatively quiet week for RDT (read: Really Dumb Trend) system. It does not generate any signal until closing hours of Thursday U.S session. Short signals acrossed the board. I am currently shorting EURCHF, AUDJPY, Long USDCHF. I shorted EURJPY , unfortunately, got stopped out. I did not take another EURJPY short trade after judging my exposure to Yen and EURO now. I feel YEN is going to create trouble for me again.
Another system (I haven’t named it, let’s call it ‘I-hate-forex’ system now 😆 ) is running in live account now. But, in micro account at the moment. I can see a lot of improvements to be made. Right now, it is long USDCAD, and short EURGBP. Looks good. It shorted USDJPY which was a crap. Yen just doesn’t synch up with me.
Anyway, crazy people are still Long USD, so I had to long USD in order to make profit from trading. Although, it is still stupid to hold USD, I reckon. 🙂
No doubt, I am a trend follower. Long term, or short term. I just can’t , just can’t , just can’t and again, just can’t do contrarian or counter trend trading. I don’t have the mentality to trade in this style. I can give you some fancy technical analysis rubbish to show you reversal is coming, but I will fail miserably when trading them. That’s just me.
Anyway, process is still slow. Trading is still not really taking off for year 2009. I have to work harder now.
Other side of my life. My day job is not stable (well, in fact, it has never been..:lol:). Rumours are nothing but budget tightening again. I am not sure if I will still have my job next month. In fact, nobody knows. Let’s see how it works out. This is out of my control.
By the way, did anybody open the dam of Twitter? I can see a spike in my twitter followers. Welcome to my world.
I read
“Dollar gains as recession slashes trade deficit”.
Fine. But, stronger dollar does not help export either.So,what does this trade deficit mean to you? Nothing much, I guess.
I am wondering are we heading to a negative week for Euro? At least my trading idea box is calling a short now. We have Euro-Zone Industrial Production, CPI, Trade Balance figures etc coming. Generally, it looks bearish. Let’s see how it goes.
Let’s have a look at the chart. (click to view full chart)
Here is the statistics
