Update February 26 2008

Bullish signal at 7:00 AM GMT / 2.26.2008

Entry : 1.9659
SL : 1.9637
Target : 1.9699

Outcome: +40 pips

Update February 25 2008

Bullish signal at 9:15 AM GMT / 2.25.2008

Entry : 1.9647
SL : 1.9604
Target : 1.9694

Outcome: +47 pips

Update February 25 2008

Bullish signal at 6:15 AM GMT / 2.25.2008

Entry : 1.9661
SL : 1.9645
Target : 1.9695

Outcome: -16 pips


Ouch! Crash and burn...

Update February 19 2008

Bearish signal at 8:45 AM GMT / 2.19.2008

Entry : 1.9465
SL : 1.9550           (ya, i know, it's steep. :P)
Target : 1.9400

Outcome: + 65 pips

Ok, ok, I know I was lucky. This is probably one of those trades I wouldn't have the guts to take If I'd be trading my own dime. :P . I entered (very!) late, aprox. 2 hours after the signal occured, most of the movement had happened allready. I had to leave home right then, so it was now or never. I took it, and kept it open over night. Guess I was just lucky. ;)

Anyway, after a wierd week, I'm back where I started. I've made no progress this week, but haven't stepped back either. I guess that's what happens when you get into something too confident... :) I'm hoping to keep it steady 'till the end of February, maybe catch one or two trades this week, although school and work will be something of a bother. :P

Good luck trading tommorow!

Update III February 18 2008

Bearish signal at 4:45 PM GMT / 2.18.2008

Entry : 1.9509
SL : 1.9539
Target : 1.9450

Outcome: -30 pips

Got a little overconfident here. :)

Update II February 18 2008

Bearish signal at 2:30 PM GMT / 2.18.2008

Entry : 1.9498
SL : 1.9531
Target : 1.9465

Outcome: -33 pips

Update February 18 2008

Bearish signal at 6:30 AM GMT / 2.18.2008

Entry : 1.9603
SL : 1.9642
Target : 1.9565

Outcome: +38 pips (-44)

Ok after a week long break I'm back in the game. The reason I slacked off last week was because I was too lazy to get up in the morning. :D Well, this week I'm on a break, which means I don't have school or work! That means I'll have more time for trading.

Ok, now for a little confession: the friday after my last update here, on the 8'th, I took another trade later in the day, which ended up in a 44 pip loss. :P Since I forgot to post an update for that I'm adding it to this post.

Update February 7 2008

Bearish signal at 7:30 AM GMT / 2.07.2008

Entry : 1.9599
SL : 1.9627
Target : 1.9571

Outcome: +28 pips

Update February 6 2008

Bearish Signal at 6:45 AM GMT / 2.06.2008

Entry : 1.9641
SL : 1.9667
Target : 1.9610

Outcome: +31 pips

After my target was hit the price pushed downards 'till 1.9575 , lol. Anyway, I 'm happy with what i've got. :D

Good luck trading!

Update: February 5 2008

Totday I planned on sleeping in after I went out last night, but luckily somebody woke me up just in time to catch a nice, but kind of risky trade. :)

The signal occured at around 8:00 AM GMT, and trading it meant using a big SL. If you use Fibbonacci, you would have noticed that the candle before the signal closed right above the 61.8 level, which is anything but encouraging. The second candle, which also gave the signal, opened under 61.8. On top of all this, we had a news event at 9:30 AM GMT, ( U.K. PMI service Jan ) which pushed the risk factor to the limits. I almost didn't enter the trade, but I said to myself that I'll stick around, keep an eye on the chart, and exit before 9:30. That was not the case. 
I had to go out for about 2 hours. When I got back, the news came an went, without much hassle, and my trade was closed at +45 pips. :)


Signal at 8:00 AM GMT / 2.05.2008

Entry : 1.9722
SL : 1.9767
Target : 1.9677

Outcome: +45 pips

That's It for today, I'm off to work in a couple of hours,
hope I can catch one or two more trades this week. ;)

Good luck trading!

Update: February 1 2008

Hello everybody.

After a hard week at work I thought I'd get up early today to see if I catch anything on the charts, and I got lucky. The signal was at around 7:30 GMT, before the upcoming news event at 9:30. (U.K. PMI manufacturing) There was time, so I took the trade.

Signal at 7:30 GMT / 2.01.2008

Entry :    1.9898
SL :         1.9880
Target :  1.9920

Outcome: +22 pips


That's it for today, I'm going back to bed. :))
Good luck trading!