A week after my last post, on the following Thursday, I had my first loss.
The weakness in my approach finally was realized.

It is a long, slow process to refine my approach to have a strategy that doesn’t have this weakness. It mostly involves entering less often, and not increasing the number of Lots.

I’m not finding the kind of profit that I did with the old approach, yet. It is taking patience to wait for the price to move more before entering, then to not see the profits for all that time waiting is getting frustrating.

I will begin posting my trades again soon.

Monday, February 13, 2012

 

Buy EU 1.3218  8:29 am

Buy EU 1.3206  8:39 am

 

Ave. price  →  1.3212

 

Close EU 1.3217  10:35 am  +5.3 x 2 = +10.6

 

 

Sell EU 1.3218  10:39 am

Close EU 1.3212  10:51 am   +5.2

 

Buy EU 1.3205  10:58 am

Close EU 1.3210  11:04 am   +5.2

 

Buy EU 1.3168  3:35 pm

Buy EU 1.3158  3:39 pm

Buy EU 1.3146  3:40 pm

 

Ave. price  →  1.3152

Ave. price  →  1.3157

 

Close EU 1.3162   4:04 pm  +5.0 x 3 = +15.0

 

 

Buy EU 1.3166  5:07 pm

Buy EU 1.3159  5:30 pm

Buy EU 1.3151  7:37 pm

 

 

Ave. price  →  1.3162

Ave. price  →  1.3158

 

Close EU  1.3164  8:06 pm  +6.0 x 3 = +18.0

 

 

Buy EU 1.3150  10:21 pm

Buy EU 1.3141  10:27 pm

Buy EU 1.3130  10:32 pm

 

Ave. price  →  1.3145

Ave. price  →  1.3140

 

Close EU 1.3145  11:00 pm  +5.3 x 3 = +15.9

 

Total for the day = +69.9

 

---

Tuesday, February 14, 2012

 

Buy EU 1.3136  9:41 am

Buy EU 1.3126  9:56 am

Buy EU 1.3118  9:57 am

Buy EU (2 Lots) 1.3109  10:02 am

Buy EU (2 Lots) 1.3101  10:28 am

Buy EU (3 Lots) 1.3092  11:26 am

Buy EU (3 Lots) 1.3083  11:33 am

 

Ave. price  →  1.3131

Ave. price  →  1.3127

Ave. price  →  1.3120

Ave. price  →  1.3114

Ave. price  →  1.3108

Ave. price  →  1.3102

 

Close EU 1.3107 12:44 pm   +5.3 x 13 = +68.9

 

---

Wednesday, February 15, 2012

 

Sell EU 1.3073  8:26 am

Sell EU 1.3081  8:45 am

 

Ave. price  →  1.3077

 

Close EU 1.3074  9:45 am  +7.5 x 2 = +15.0

 

 

Sell EU 1.3076  10:53 am

Sell EU 1.3080  11:01 am   This was moving so fast that I missed my price by about 5 points

 

Ave. price  →  1.3078

 

Close EU 1.3069     11:02 am  9.4 x 2 = +18.4

 

 

Buy EU 1.3027  7:53 pm

Buy EU 1.3019  8:59 pm

Buy EU 1.3010  8:59 pm

 

Ave. price  →  1.3023

Ave. price  →  1.3019

My charts jammed up. I’m just going by numbers on my account now. Hurry, fire up the laptop!!

My laptop charts are stuck in the same place, even though I turned it on after price moved a lot since it stuck on my desktop.

Note:  Get backup charts from another source!!

Luckily, my charts are back!

 

Close EU  1.3025  9:43 pm  +6.0 x 3 = +18.0

 

Buy EU 1.3015  9:51 pm

Close EU 1.3020 9:55 pm  +5.0

 

Total for the day = +56.4

 

---

Thursday, February 16, 2012

 

Buy EU 1.3133  2:17 pm

Buy EU 1.3125  3:37 pm

 

Ave. price  →  1.3129

 

I have to leave so closed:

Close EU 1.3129 4:36 pm  +0.1 x 2 = +0.2

 

Back from dinner and the market is right back where I exited, so I entered again:

 

Buy EU 1.3133  7:15 pm

Buy EU 1.3125  7:49 pm

Buy EU 1.3117  10:42 pm   (3 hours later it finally moved enough to DO something!!!!!)

 

Ave. price  →  1.3129

Ave. price  →  1.3125

 

 

What a bizarre day. Both trades are acting the same … going nowhere for hours~  (9:30 pm)

 

It took 4 hours for this to move, after waiting for 2 hours in the middle of the afternoon.

Close EU 1.3135  11:22 pm +9.8 x 3 = +29.4

 

I’ll just go for a little more before the whole week is over:

 

Sell EU 1.3139  11:26 pm

Close EU 1.3127  12:24 am +12.5

 

 

Buy EU 1.3129  12:29 am

Buy EU 1.3121  12:35 am

 

Ave. price  →  1.3125

 

Close EU 1.3133  1:06 am  +8.6 x 2 = +17.2

 

Total for the day = +59.1

 

I can’t believe I reached my target today. The market didn’t move ALL afternoon, until 11:30 tonight. Plus, I was really exhausted about trading after some stressful times this week.  But … I hit my target. It was quite a week!

Monday, February 6, 2012

 

Buy EU 1.3123  3:00 pm

Buy EU 1.3115  4:05 pm

 

Ave. price  →  1.3119

 

Close EU   5:37 pm  +6.0 x 2 = +12.0

 

Sell EJ 100.52  5:41 pm

Sell EJ 100.59  5:51 pm

Sell EJ 100.66  6:10 pm

 

Ave. price  →  101.56

Ave. price  →  101.59

 

Close EJ 101.54  7:47 pm  +5.0 x 3 = +15.0

 

Buy EU 1.3103  7:51 pm

Buy EU 1.3094  7:55 pm

 

Ave. price  →  1.3099

 

Close EU 1.3106   +7.2 x 2 = +14.4

 

Sell EJ 100.53  9:20 pm

Sell EJ 100.61  11:08 pm

Sell EJ 100.68  11:33 pm

Sell EJ (2 Lots) 100.85  11:33 pm

Sell EJ (2 Lots) 100.94  1:56 am

 

Ave. price  →  100.57

Ave. price  →  100.61

Ave. price  →  100.71

Ave. price  →  100.77

 

Close EJ 100.72  3:06 am  +5.2 x 7 = +36.4

Total for the day = +77.8

 

---

Tuesday, February 07, 2012

 

Buy EU 1.3253  3:35 pm

Buy EU 1.3245  4:06 pm

 

Ave. price  →  1.3249

 

Close EU 1.3255  4:34 pm  +6.0 x 2 = +12.0

 

Sell EJ 101.92  4:43 pm

Sell EJ 102.01  6:58 pm

Sell EJ 102.08  7:59 pm

Sell EJ (2 Lots) 102.15  9:54 pm

Sell EJ (2 Lots) 102.24  9:57 pm

Sell EJ (3 Lots) 102.33  10:11 pm

Sell EJ (3 Lots) 102.41  10:21 pm

 

Ave. price  →  101.96

Ave. price  →  102.00

Ave. price  →  102.06

Ave. price  →  102.11

Ave. price  →  102.18

Ave. price  →  102.23

 

Close EJ 102.19  11:13 pm  +4.2 x 13 = +54.6

 

Total for the day = +66.6

 

---

Wednesday, February 08, 2012

 

Sell EU 1.3253  9:04 am

Sell EU 1.3264  9:06 am

Sell EU 1.3272  9:17 am

 

Ave. price  →  1.3258

Ave. price  →  1.3263

 

Close EU 1.3257  11:21 am  6.0 x 3 = +18.0

 

Buy EU 1.3253  3:00 pm

Buy EU 1.3245  3:05 pm

Buy EU 1.3236  3:06 pm

Buy EU (2 Lots) 1.3226  3:14 pm

Buy EU (2 Lots) 1.3217  3:19 pm

 

Ave. price  →  1.3241

Ave. price  →  1.3245

Ave. price  →  1.3237

Ave. price  →  1.3232

 

Close EU 1.3236  3:27 pm  +4.3 x 7 = +30.1

 

Buy EU 1.3232  4:46 pm

Close EU 1.3238   5:04  +6.7

Sell EU 1.3246  6:00 pm

Sell EU 1.3254  6:24 pm

Sell EU 1.3263  6:53 pm

Ave. price  →  1.3250

Ave. price  →  1.3254

 

Close EU 1.3248 7:59 pm  +6.6 x 3 = +19.8

 

Total for the day = +74.6

 

---

Thursday, February 09, 2012

 

Buy EU 1.3292  9:31 am

Buy EU 1.3283  12:49 pm

Buy EU 1.3274  3:29 pm

Buy EU (2 Lots) 1.3266  7:37 pm

Buy EU (2 Lots) 1.3258  9:03 pm

Buy EU (3 Lots) 1.3243  12:09 am

 

Ave. price  →  1.3287

Ave. price  →  1.3283

Ave. price  →  1.3276

Ave. price  →  1.3271

Ave. price  →  1.3262

 

Close EU 1.3269   12:59 am  +7.3 x 10 = +73.0

Monday, January 30, 2012

 

Sell EU 1.3140  4:20 pm

Sell EU 1.3149  4:35 pm

Sell EU 1.3159  4:56 pm

Sell EU (2 Lots) 1.3167  5:10 pm

Sell EU (2 Lots) 1.3180  6:38 pm

Sell EU (2 Lots) 1.3188  6:48 pm

 

Perhaps the last entry should have been 3 Lots. I’m watching the total margin so far. It’s getting up there! So I’m afraid to enter 3 Lots too soon, however, in the past I would have entered 3 Lots at this time.

 

Sell EU (2 Lots) 1.3197  7:01 pm

 

This is turning into a nightmare. How many more times can I enter. AND, I don’t have the capital to enter with 3 Lots, which I WAS doing before to help raise the average.

 

Ave. price  →  1.3144

Ave. price  →  1.3149

Ave. price  →  1.3156

Ave. price  →  1.3163

Ave. price  →  1.3169

Ave. price  →  1.3174

 

Close EU 1.3169 11:41 pm  + 5.0 x 11 = +55.0

 

---

Tuesday, January 31, 2012

 

Buy EU 1.3069  5:31 pm

Buy EU 1.3058  5:37 pm

 

Ave. price  →  1.3063

Close EU 1.3073   6:01 pm  +10.0 x 2 = +20.0

 

Buy EU 1.3061  7:01 pm

Close EU 1.3066 7:10 pm  + 5.7

---

Wednesday, February 1, 2012

 

Buy EU 1.3182  5:46 pm

Close EU 1.3190  7:03 pm  +8.7

 

Sell EU 1.3172  10:17 pm

Sell EU 1.3180  10:21 pm

 

Ave. price  →  1.3176

Close EU 1.3167 11:11 pm  +9.1 x 2 = +18.2

 

Total for the day = +26.9

 

---

Thursday, February 02, 2012

 

Buy EU 1.3133  4:38 pm

Buy EU 1.3124  5:09 pm

Buy EU 1.3116  5:36 pm

 

Ave. price  →  1.3128

Ave. price  →  1.3124

 

Close EU 1.3129  6:31 pm  +5.0 x 3 = +15.0

 

Sell EU 1.3134  7:10 pm

Close EU 1.3128  7:37 pm  +6.1

 

Buy EU 1.3128  8:29 pm

Close EU 1.3133   9:10 pm  +5.3

 

Total for the day = +26.4

 

Monday, January 23, 2012

 

Buy EU 1.3015 3:15 pm

Close EU 1.3025 3:32 pm +9.7

 

Buy EU 1.3010 5:32 pm

Buy EU 1.3000 6:41 pm

Buy EU 1.2992 6:45 pm

 

Ave. price  → 1.3005

Ave. price  → 1.3001

Close EU 1.3011 9:34 pm +11.0 x 3 = +33.0

 

Total for the day = +42.7

 

---

Tuesday, January 24, 2012

 

Sell EU 1.3036 3:40 pm

Sell EU 1.3045 4:28 pm

 

Ave. price  → 1.3040

Close EU 1.3033 4:43 pm +7.2 x 2 = +14.4

 

Sell EJ 101.44 6:20 pm

Sell EJ 101.51 6:51 pm

 

Ave. price  → 101.47

Close EJ 101.41 8:45 pm +6.1 x 2 = +12.2

 

Total for the day = +26.6

---

Wednesday, January 25, 2012

 

Sell EJ 101.93 3:48 pm

Close EJ 101.86 4:41 pm +6.7

 

Sell EU 1.3106 6:29 pm

Sell EU 1.3117 9:37 pm

Sell EU 1.3127 10:35 pm

 

Ave. price  → 1.3112

Ave. price  → 1.3117

Close EU 1.3106 11:27 pm +10.5 x 3 = +31.5

 

Total for the day = +38.

 

---

Thursday, January 26, 2012

 

Sell EU 1.3093 5:36 pm

Sell EU 1.3102 5:53 pm

Sell EU 1.3111 7:00 pm

 

Ave. price  → 1.3198

Ave. price  → 1.3102

Close EU 1.31097 8:36 pm +5.0 x 3 = +15.0

 

Sell EU 1.3109 9:09 pm

Close EU 1.3104 9:24 pm +5.2

 

Sell EU 1.3110 10:44 pm

Close EU 1.3105 11:09 pm +5.0

 

Total for the day = +25.2

 

Monday, January 16, 2012

 

Sell EU 1.2677  4:26 pm

Buy EU 1.2688    5:58 pm  -11

This was a mistake. I meant to enter again with a Sell order, it was set on Buy so my trade was closed. Now I know that you can no longer enter a trade in both directions!

 

Sell EU  1.2700 5:59 pm

Sell EU 1.2711  5:59 pm

 

Ave. price  →  1.27055

Close EU 1.2700 6:13 pm  +5.5 x 2 = +11

 

Sell EU 1.2728  7:42 pm

Sell EU 1.2734  10:08 pm

 

Ave. price  →  1.2731

Close EU 1.2725 11:04 pm   +6.1 x 2 = +12.2

 

Sell EU 1.2749  11:20 pm

Close EU 1.2745  11:42 pm  +4.5

 

Total for the day = +16.7

 

---

Tuesday, January 17, 2012

 

Sell EU 1.2758  5:18 pm

Close EU 1.2752  5:35 pm  +6

 

Sell EU 1.2772  6:21 pm

Sell EU 1.2783  7:13 pm

Close EU 1.2772 7:36 pm  +5.6 x 2 = +11.2

 

Sell EU 1.2781  8:13 pm

Close EU 1.2776  9:33 pm   +4.5

 

Buy EU 1.2757  10:53 pm

Close EU 1.2752 11:07 pm  +5.1

 

Total for the day = +26.8

 

---

Wednesday, January 18, 2012

 

Sell EU 1.2864  3:38 pm

Close EU 1.2858  3:46 pm  +5.7

 

Sell EU 1.2860  6:39 pm

Sell EU 1.2869  6:54 pm

Sell EU 1.2876  6:54 pm

 

Ave. price  →  1.2864

Ave. price  →  1.2868

 

Close EU 1.2861  8:35 pm +7.0 x 3 = +21

 

Total for the day = +26.7

 

---

Thursday, January 19, 2012

 

Sell EU 1.2963   5:22 pm

Close EU 1.2957  6:45 pm  +6.2

 

Sell EU 1.2964  8:16 pm

Sell EU 1.2976  8:35 pm

 

Ave. price  →  1.2970

Close EU 1.2964  11:20 pm  +6.3 x 2 = +12.6

 

Buy EU 1.2927  1:10 am

Close EU 1.2939  1:24 am  +12

 

Total for the day = +30.8

 

 

Monday, January 9, 2012

 

Buy EU 1.2769 6:26 pm
Close EU 1.2776 7:34 pm +7.5

 

Buy EU 1.2767 7:57 pm
Close EU 1.2773 8:02 pm +5.8

 

Buy EU 1.2785 9:54 pm
Close EU 1.2792 10:07 pm +6.5

 

Buy EU 1.2790 10:53 pm
Buy EU 1.2785 10:58 pm
Buy EU 1.2780 11:10 pm

Ave. price → 1.2787
Ave. price → 1.2785
Close EU 1.2790 11:23 pm +5.0 x 3 = +15

 

Total for the day = +34.8

 

---

Tuesday, January 10, 2012

 

Buy EU 1.2745  6:54 pm

Buy EU 1.2737  6:58 pm

 

Ave. price  →  1.2741

Close EU 1.2746   7:35   +5.3 x 2 = +10.6

 

Buy EU 1.2742  10:26 pm

Close EU 1.2749   10:29   +7.2

 

Buy EU 1.2753  10:50 pm

Buy EU (2 Lots) 1.2748  11:17 pm

 

Ave. price  →  1.2749

Close EU 1.2753  +4.3 x 3 = +12.9

 

Total for the day = +30.7

 

---

Wednesday, January 11, 2012

Sell EU 1.2715  6:05 pm

Sell EU 1.2725  6:18 pm

 

Ave. price  →  1.2720

Close EU 1.2715  7:28 pm  +5 x 2 = +10

 

Buy EJ 97.74  8:00 pm

This hasn’t moved in an hour! It’s 9:00!!

This hasn’t moved in another hour! It’s 10:00!!

It’s been 3 hours and it finally move 4 points.

Close EJ 97.78  11:01 pm     +4

That’s enough for tonight!

That trade turned around after 4 points. That’s all that was there!  1 ½ hours later it shot up. I was asleep by then.

 

Total for the day = +14

 

---

Thursday, January 12, 2012

 

Sell EJ 98.43  7:51 pm

Sell EJ 98.48  8:47 pm

Sell EJ 98.56  9:51 pm

Sell EJ (2 Lots) 98.64  10:05 pm

Sell EJ (2 Lots) 98.77  10:09 pm

 

Ave. price  →  98.46

Ave. price  →  98.49

Ave. price  →  98.55

Ave. price  →  98.61

 

Close EJ  98.54   12:04 pm  +7.2 x 7 = +50.4

 

 

 

I have been focusing mainly on EU lately. Hardly trading the other pairs at all any more.

 

Monday, Jan. 2, 2012

Sell EU 1.2975   8:35 pm

Sell EU 1.2984   9:16 pm

Sell EU 1.2984   10:30 pm

Sell EU (2 Lots) 1.2992   10:43 pm

Sell EU (2 Lots) 1.3004   11:22 pm

 

Ave. price  →  1.2980

Ave. price  →  1.2981

Ave. price  →  1.2986

Ave. price  →  1.2991

 

Close EU 1.29845  11:57 pm   +6.5 x 7 =  +45.5

 

---

Tuesday, January 3, 2012

 

Sell EU 1.3035  8:15 pm

Close EU 1.3028   9:42 pm  +7.4

 

Sell EU 1.3039  11:16 pm

Close EU 1.3032   11:30 pm  +7.2

 

Buy EJ 99.94  11:42 pm

Close EJ 99.99   11:47 pm  +5.3

 

Sell EU 1.3064  12:13 am

Close EU 1.3056  12:32 am  +8

 

Total for the day = +27

 

---

Wednesday, January 4, 2012

There’s not much movement in the market. It’s nearly 9:00 pm. I’m waiting for something, so I’m not just watching a 4 point move in an hour.

Buy EU 1.2920  9:42 pm

Buy EU 1.2912  10:40 pm

 

Ave. price →  1.2916

Close EU 1.29271  11:13 pm     +11.1 x 2 = +22.2

 

Buy GU 1.5598 (7) 11:47 pm

Close GU 1.56046   11:49 pm +5.9

 

Total for the day = +28

 

---

Thursday, January 5, 2012

Buy EU 1.2794   7:06 pm

Buy EU 1.2784   8:41 pm

Buy EU 1.2775   9:02 pm

Buy EU 1.2765   9:02 pm

 

Ave. price →  1.789

Missed this average before entering again

Ave. price →  1.780

 

Close EU 1.2788   11:16 pm +8.2 x 4 = +32.8