Tag Archives: paper trade

Paper trade: Closed GBPJPY @ 146.42 for +140 pips

By Paul | Published: January 27, 2010
Just closed my GBPJPY long at 146.42 for around +140 pips average gain, or 0.4% in the account balance.  Damn good for a 24 hours holding.  Obama just finished his State of The Union address at the moment.  I am not impressed.  Still all talk of change but nothing concrete yet.  Anyway, that’s beside the [...]
Posted in European Crosses | Also tagged exit, FTC, GBP, JPY, long | Leave a comment

Paper Trade: Long GBPJPY @ 144.24, Stop 143.60, Target 148

By Paul | Published: January 26, 2010
My previous short-side setup on GBP/JPY played out beautifully.  Yet I wasn’t able to ride it down because I got stopped out on a stop-hunt counter-move before the dive, see Fig. 1.  Now that GBP/JPY has reached its other end.  I am betting for it to go reverse with a long position.  I expect this [...]
Posted in European Crosses | Also tagged entry, FTC, GBP, JPY, long | Leave a comment

Barred from Trading at Work: A curse or a gift?

By Paul | Published: January 26, 2010
Well, they’ve done it.  The IT guys at my day job have blocked access to streaming market data.  I can’t trade at lunch anymore or even doodle on charts!  Yet, this event merely pushes my agenda forward as I’ve never intended to trade actively at work (i.e. no intention of getting myself fired).  Although I [...]
Posted in Trading Strategy | Tagged paper trade | Leave a comment

Closed EUR/CHF and GBP/CHF Shorts: Best. Trade. Ever.

By Paul | Published: January 22, 2010
As I was saying earlier this week, I have been stockpiling in EUR/CHF short in my demo account (Fig. 1).  Aside from that, I’ve also stocked up some GBP/CHF shorts this week (Fig. 2).  Both positions are now closed because of my adjusted stops.  These positions have single-handedly lifted me half way out of a [...]
Posted in European Crosses, Self Assessment | Also tagged CHF, EUR, exit, FTC, GBP, good trade | Leave a comment

Paper trade: Closed AUDUSD short @ 0.9057 for +126, +26, -13 pips

By Paul | Published: January 21, 2010
My AUD/USD short from yesterday played out exactly as I planned.  But I took profit a few pips earlier than I wanted because the bounce from 0.9025 fooled me.  As you can see from Figure 1, AUD/USD is resting on 0.9000 support as I predicted.  Now the million dollar question is, should I go long [...]
Posted in Aussie, Kiwi, Loonie | Also tagged AUD, exit, good trade, USD | Leave a comment

Paper trade: Short GBPJPY @ 146.32, Target 143

By Paul | Published: January 21, 2010
GBP/JPY finally broke below an intermediate term wedge pattern formed from Dec 30.  See Figure 1 for the daily chart.  I am noticeably late in this GBP/JPY short entry because I was preoccupied with other positions (e.g. my EUR/CHF and GBPCHF shorts) today.   Click here to continue reading... (301 words)
Posted in European Crosses | Also tagged entry, GBP, JPY, short | Leave a comment

A change of wind for Australian dollar: Shorted AUDUSD @ 0.9183 and AUDCAD @ 0.9546

By Paul | Published: January 20, 2010
I have been barking up the short-Aussie-tree since the beginning of the year.   See post #1, #2 on AUDJPY, and #3, #4 on AUDCAD for the long term analysis.  (Also see my post on being early shorting the Aussie.)  Anyway, now that AUDUSD has backed off the 9300 level with a bang, it seems that [...]
Posted in Aussie, Kiwi, Loonie | Also tagged AUD, entry, USD | Leave a comment

Why I shorted CAD/JPY @ 88.57 instead of long USD/CAD @ 1.0251

By Paul | Published: January 15, 2010
CAD/JPY failed a major resistance level at 90 and has edged out an obvious intermediate-term downtrend (Fig 1).  USD/CAD is also bouncing off a major support at 1.0200 (Fig. 2).  And crude oil is below $80 on a slippery slope.  As such, shorting loonie seems like a good move at the moment according to my [...]
Posted in Aussie, Kiwi, Loonie, Trading Strategy | Also tagged CAD, entry, FTC, JPY, USD | Leave a comment