nick's trading lounge http://nicksamaroo.brinkster.net/trading_blog the ramblings of a technical trader... Mon, 20 Oct 2008 15:39:57 +0000 http://wordpress.org/?v=2.3.2 en Monday 10/20 http://nicksamaroo.brinkster.net/trading_blog/?p=126 http://nicksamaroo.brinkster.net/trading_blog/?p=126#comments Mon, 20 Oct 2008 15:39:05 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=126 Commentary:

took a dibs short on gbpusd.. but it was premature. there were trendlines in the way that i disregarded.
lost.
then i took a pbj (first pbj live trade) short on eur/jpy that worked beautifully.

so from now on… i’ll only take the dibs and divergence trades that meet the pbj rules of no trendlines or pivots in the way.. restrict them to the best and highest probability trades. i’ll also be trading pbj live.. only 1 lot for now, but i’ll increase as i get more comfortable with it.

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Trades:
Short GBP/USD @ 1.7363, -2%
Short EUR/JPY @ 136.01, +1.2%

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Results: -0.8%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=126 Thursday 10/16 http://nicksamaroo.brinkster.net/trading_blog/?p=125 http://nicksamaroo.brinkster.net/trading_blog/?p=125#comments Fri, 17 Oct 2008 17:01:43 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=125 Commentary:

Came back from vacation on Tuesday. No signals wednesday. Took a few trades today.. Not so great.
Could’ve filtered them out as they werent perfect. The only one that looked nice was the gbp.. took a few pips
before stopping out at b/e.

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Trades:
Long EUR/USD @ 1.3520, +0 (failed DIBS, stopped at b/e)
Short EUR/USD @ 1.3480, -1.5% (late divergence trade, should have taken earlier or not at all)
Short GBP/USD @ 1.7189, +1% (dibs trade, took half off at 1 to 1.. other portion stopped out b/e)

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Results: -.5%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=125 Thursday 10/9 http://nicksamaroo.brinkster.net/trading_blog/?p=124 http://nicksamaroo.brinkster.net/trading_blog/?p=124#comments Thu, 09 Oct 2008 15:16:42 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=124 Commentary:

Boring day.

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Trades:
Long USD/CHF @ 1.1318, +0%.  stopped at break/even.

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Results: +0%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=124 Wednesday 10/8 http://nicksamaroo.brinkster.net/trading_blog/?p=123 http://nicksamaroo.brinkster.net/trading_blog/?p=123#comments Wed, 08 Oct 2008 12:57:20 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=123 Commentary:
Tried eur/usd short, not the best looking trade on the 1min.
Probably shouldn’t have taken it.

**
So it seems that when the market is trending hard, I can get away with moving my stop to break-even quickly. However, in a more normal paced market, I don’t think that will prove helpful. I should place the entry,stop, and target and let them play out.. only occasionally managing the trade.

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Trades:
Short EUR/USD @ 1.3654, -1.8% - DIBS
Short EUR/USD @ 1.3665, +0% (stopped at b/e) - DIVERGENCE -> this trade was as planned, albeit stopping out.

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Results: -1.8%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=123 Monday 10/6 http://nicksamaroo.brinkster.net/trading_blog/?p=122 http://nicksamaroo.brinkster.net/trading_blog/?p=122#comments Mon, 06 Oct 2008 16:50:13 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=122 Commentary:

Bad day on my part. Wasn’t as disciplined as usual. Tried 2 eur/jpy shorts to catch that momentum.. but it was an impulse trade. Only did a very small amount, though, so the loss was a fraction of my average winning trade.. so no big deal. But still.. shouldn’t have happened.

Also tried a divergence long on gbp/usd which didn’t work out. Was after 12pm, so maybe thats part of the problem. I’ll limit my trades to 12pm as originally planned. Setup wasn’t perfect, either. However once it stopped me into the trade, it looked c hoppy, no momentum like usual, so took a small loss. It’s ok. One winner will wipe it all away ;)

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Trades:
(eur/jpy impulse trades), -1%
Long GBP/USD @ 1.7413, -1.4%

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Results: -2.4%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=122 Thursday 10/2 http://nicksamaroo.brinkster.net/trading_blog/?p=120 http://nicksamaroo.brinkster.net/trading_blog/?p=120#comments Thu, 02 Oct 2008 13:16:15 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=120 Commentary:
got into a dibs short on eur/usd with the 1minute chart. now i know im only supposed to trade the 5min… but i’ve noticed when volatility is high.. 1min works just fine. im talking about those moves you see that are relentless. so took a chance on the 1min and it paid off.
[trade monitor]

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Trades:
Short EUR/USD @ 1.3798, +2.2%
Short USD/CHF @ 1.1370, +0% (stopped at break even)
Short GBP/USD @ 1.7568, +0% (stopped at break even)

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Results: +2.2%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=120 Wednesday 10/1 http://nicksamaroo.brinkster.net/trading_blog/?p=119 http://nicksamaroo.brinkster.net/trading_blog/?p=119#comments Wed, 01 Oct 2008 12:42:13 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=119 Commentary:

8:35am: Beautiful trade on EUR/USD. Made a very strong move out of a supply level.. broke below a trendline, consolidated what looked like a dibs setup on a 5min, and if you look at the 1min it confirmed it. Put in my sell stop order.. and the market tanked down so within seconds of being triggered, i was up 15 and could move my stop to break even. I left some pips on the table, but i got my 2 to 1.
           

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Trades:
Short EUR/USD @ 1.4062, +3.6%

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Results: +3.6%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=119 Tuesday 9/30 http://nicksamaroo.brinkster.net/trading_blog/?p=118 http://nicksamaroo.brinkster.net/trading_blog/?p=118#comments Tue, 30 Sep 2008 13:23:30 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=118 Commentary:
market is suprisingly boring. nothing much happening on the majors.
I’ve got a gbp/usd buy order in for a dibs setup.. but not sure it’ll trigger at the moment.

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Trades:

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Results:

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=118 Monday 9/29 http://nicksamaroo.brinkster.net/trading_blog/?p=117 http://nicksamaroo.brinkster.net/trading_blog/?p=117#comments Mon, 29 Sep 2008 12:03:55 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=117 Commentary:
nfa. just pulling triggers.
going to stick to my money management and trading plan as strict as possible this week.

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Trades:
Long EUR/USD @ 1.4575, -1.8%

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Results: -1.8%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=117 Friday 9/26 http://nicksamaroo.brinkster.net/trading_blog/?p=115 http://nicksamaroo.brinkster.net/trading_blog/?p=115#comments Fri, 26 Sep 2008 13:43:56 +0000 Nick http://nicksamaroo.brinkster.net/trading_blog/?p=115 Commentary:

ahh.. i need to be a better trader. I had a usd/chf divergence long that correlated with the other majors.. so i took it. I originally set a target of 40pips (1:2 risk:reward), then moved it to 30pips(1:1.5) as it made sense w/ the trendline. It stalled out around +20 or so.. and I took it out at +15. I can’t do that. I needed ATLEAST +20. ahh. its friday.. didn’t want to give back the week’s gains today so psychology played into it.

[screen shot: lower green-line is entry, exit was 15pips up. (upper green line is extraneous]

Next week… I’ll stick to my 2 to 1 plan. I’ll work on it this weekend.
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Trades:
Long USD/CHF @ 1.0861, +1.6%

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Results: +1.6%

]]> http://nicksamaroo.brinkster.net/trading_blog/?feed=rss2&p=115