Just Another Day in Paradise

Made my taco money this morning and just hanging at the pool.

Avery and a few other folks are here in Cabo to trade and have fun.

LT

5-26-09 Trading from Cabo

Enjoying the sun and the sand here in Cabo. This is a view from Avery's unit (I'll post mine later once I get my camera setup).

A very relaxing day for +10 pips on 40k.

LT

5-22-09 Slow and steady

As the Euro slugglishly moved up this morning was able to grab 13 pips on 40k

LT

5-21-09 Back in the chopper

Sideways from London on. No trades.

LT

5-20-09

Just one solid trade here this morning on a very strong Euro. +15 on 40k.

LT

5-19-09

Caught the end of a retracement on the Euro this morning for +4 pips on 40k.

LT

5-18-09 No trades

No trades this morning.

5-14-09 No Trades

Pretty slow this morning, no trades.

LT

5-13-09

Well as some of you may have noticed this has not been the best week or two for me. This is pretty typical whenever I up my trading size :P

Tomorrow I will go back down to 40k lots until I get back in line with the market pace. This isn't October after all.

-25 pips on 50k.

LT

5-12-09

Had a nice Mother's Day with the folks, and didn't do any trading on Friday or yesterday.

Not much to report this morning. Despite some tepid news events, the overall pace and volatility of the market is way down even from a few weeks ago.

-15 pips on 50k.

LT

5-7-09 So much news so little happening

This morning was a classic example of a day where there was lots of news but little conviction. At least early on.

First trade went back to breakeven as the spread widened me out of my stop. Second trade never had a chance to go anywhere. Took some profits on my third trade and still holding for the next value area. We'll see where it gets to.

Closed positions -5 pips on 60k. Still have 1 20k trade open short.

LT

5-6-09

Sometimes the patience pays off and sometimes it doesn't. First trade cracked through resistance on the 15 min chart and just hung out for about 45 minutes. That should have been telling me something. Funny thing was it missed my first target (which would have scratched the trade overall) by 1 pip. Yep now that's luck :)

Second trade was no waiting around and a nice reversal play. Unfortunately it moved so fast there was nowhere to add to my position.

Overall +9.5 pips on 50k

LT

5-5-09

As mentioned yesterday, I will be taking more retracements in moves that have broken their range on the 15 minute bar. I've also increased my size to 50k lots.

Net on the day -14 pips on 50k.

LT

5-4-09 Late post

Forgot to post this morning's trade. Fading the extreme of the downtrend. Watched the trend reverse and move up from there. Thinking more and more about how I might be able to capture this trend moves more effectively in some fashion. I guess I can't just be a countertrend trader :P

+15 on 37k

LT

5-1-09 Mr. Newb trades the bank holiday

Yep. What's even funnier is that I had looked at Forex Factory's calendar earlier in the day. Says bank holiday right on it!

On the plus side I got great service from my Oanda rep in live chat. I couldn't figure out why my positions weren't updating in real time! The outrage :P

Still managed to squeak out of the holiday with +6 pips in 37k hehe.

Overall end of the week is +53 pips on 37k or about $200. Planning on upping my size soon so I can hit the dollar targets in my weekly goals. For such a slow week I'm pleased with these results.

LT