TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Trading Journal

Forex trade du jour & review

by 6 Comments

Sounds familiar? yeah, I am copying Maoxian’s Stock du jour and random observations idea. I thought I will just post one or two trades of my Forex trades for the day and give some comments.

Ok, today I am being ‘Un-Australian’. I shorted AUD/USD in the early Melbourne morning 😉 I was looking at daily chart where Aussie failed to do too much rebound. Switching to hourly chart, and some simple dummy patterns seemed to be forming. Here is my trade today. Nothing fancy, just +1.2 R gain.

[photopress:01Aug2007_Short_Aussie.JPG,full,alignleft]

To suit my time zone and style, a couple of pairs that are currently in my trading basket. AUD/USD, GBP/JPY, EUR/JPY, and USD/JPY. It is pretty obvious, I am focusing on Aussie and Yen pairs. There are some market movers for Yen pairs, so, in fact, there were dummy trading opportunities in most of Yen pairs today.

This is just the start. Kinda experimental. Well, at least, I start trading again. 🙂

Forex Trade 07-May-2007

by Leave a Comment

I was thinking how to keep my trading journal online, but I do not intend to post all my trades here. So the solution is ..to use blogspot as my trade log while I will just post couple of charts which I feel is notable (for myself though) here.

I shorted USDCAD, and closed the trade with 1-R gain.

[photopress:usdcad_short_07may2007.gif,full,alignleft]

Kinda frustrated…..

by Leave a Comment

I bagged some 60 pips profit from short EUR/JPY, and watching Short GBP/JPY reached 96 pips profit (target was 100 pips). I ended, losing 20 pips in GBP/JPY short position, and went long. And …I got stopped out by the wild 20 pips spread ! This is a shitty situation. I am fine with the vanished 96 pips paper profit, since I was targeting 100 pips, but, I just can’t accept my long position got killed by the spread.

Well, that’s the fact that I have to accept since I am trading with bucket shop.

On the bright side, GBPUSD hit 2.0, and I am holding long position. Let’s see if I can end the day with some good pips.

No futures trade

by Leave a Comment

Maybe I am fated not to trade futures today. I am having couple of problems with Tradestation as mentioned in my Twitter. First, charts were frozen, right before the sell off.  So I missed the sell setup. Secondly, my OSO orders was rejected when I was trying to short NQ, and, it did not cancel my BUY stop order !?!?(the stop loss order). I was lucky enough to find out that earlier and cancel it manually.

I am going to clean the cache of Tradestation now. I guess, I am not going to trade futures today. I have a couple of FX positions now.

FX day trade #02 03-April-2007

by Leave a Comment

Not a good day for day trading GBP/USD. I was stopped out twice . End with -2 R loss.  GBP/USD reversed the direction around 3am EST.

I call it a day for day trading system. I am still holding GBP/USD for my weekly system.

Summary:

Long GBP/USD; Result: -1 R

Short GBP/USD; Result: -1 R

[photopress:GBPUSDDayTrade03April07.PNG,full,pp_image]