Corbanfx Week End Review 4/7-4/11/08

Back in Black

Second week of the month brought me back into black numbers and that is always refreshing and encouraging. There re still 2 weeks left so a lot can happen, but I am as always confident in the long term results of this strategy. Here are the numbers:

Monday: 2 trades.......+6 pips
Tuesday: NO TRADES
Wednesday: 1 trade.........-135 pips
Thursday: 1 trade.........+171 pips
Friday: 1 trade.........+78 pips

TOTAL: 5 trades........+120 pips

Friday 4/11/08 Daily Update

Close the week with a bang!

OK..so it's the last day of the week and I felt bad when I got up at 5:30 and realized I had just missed a trade by 15 minutes. It would have been very profitable. Thinking all was lost and that I wouldn't get another opportunity, the market gave me a break and at 8:45 am there was another valid signal to the short side and since our 4 hr trend was down I jumped in.

I got executed at 1.9726 set my limits at 1.9700 and my stop at 1.9750. 10 minutes later my limit was about to be hit and I thought about letting it ride and setting the stop at that point but I decided to just take my profit and call it a week. A nice 26 pip gain times 3 lots gave me 78 pips which was enough to put me in the black for the month and I just didn't want to tinker with it.

Today while I am happy that I got 78 pips I am a little upset about not catching 120 because i was sleeping so I finally got alerts set up an can't wait to try them out on Monday.

So here are the charts for the day..take a look and notice how much more was up for grabs and how not having alerts cost a bundle of money.

Talk to you soon.

Thursday 4/10/08- Update

Recovery Day

It is clear that yesterday was a demoralizing day. Today however was the opposite. This is trading. This is the business we chose. Ups and downs...and hopefully, more ups than down.

It was 3:45 am and we got a trade signal to the upside. On the close of the candle I pulled the trigger and got in at 1.9765. We set out initial target at 1.9800 and stop at 1.9745. At 5:00 our target was hit but made a clean break and so I let it ride with a stop at the 1.9800. I decided to wait till the bar closed to and see if it kept going. At the next bar the first movement was down so I exited the trade at 1.9822. That was 57 pips profit per lot. Three lots=171 pips!

At 8:15 am there was another valid signal but news was about to hit at 8:30 (US trade balance) so I didn't enter. Finally at 10:15 am there was a borderline crossing. It didn't really ever close below so I couldn't really confirm the signal. I decided to err on the side of caution and didn't enter. In this case it worked out well because it would have been a losing trade.

So all in all this week has been a roller coaster ride but we still have one more day to bring our number up.

Here are the charts so you can see how it went down.

Talk to you soon.

Wednesday 4/9/08

What a bad day!

Today was one of those days where you just never want to trade again. You are up all night and get a beautiful signal at 6:30 in the morning and you are positive it's going your way...only to realize that as soon as you got executed the trade goes against you hitting a stop that is very far away without ever looking back.

We lost 45 pips per lot and the worst part is that I was only supposed to short 2 lots but since my system is set up for 3 and I jumped in the trade as soon as I saw it, I was unable to change it. That is 135 pips in one trade!

Not in a good mood right now...I will sleep it off and come in tomorrow with a fresh mind.

Here are the charts.

Talk to you soon.

Tuesday 4/8/08 Update

ZERO ZIP ZILCH

Today we weren't able to get into anything because the cable had been tanking all night and never retraced to give us a signal. So we'll just have to wait for tomorrow and hope we can score some pips.

Here is the chart so you can see for yourself.

Talk to you soon.

Monday 4/7/08 Update

I'll take it!



Although last week ended on a negative note we seem to have shaken that off and while it may not be record book profit, it is a profit none the less which put my confidence back in place. I believe that confidence is a key ingredient in trading so I feel a lot better today.

Toady we had 2 signals and we jumped into both of them. It started out at 5:45 am. The 4 hr. chart had made it's trend downward so we were only looking for short trades. We had our signals and so we put our trade in. Short @ 1.9864. 3 Lots. Put our stops at 1.9885 and our target at 1.9850. Unfortunately we were stopped out of the trade within 30 minutes and we lost 21 pips per lot.

At 10:15 we had another signal and I gotta tell you, with the last strings of losses it was hard to pull the trigger. but I did and got executed at 1.9873. again 3 lots. Stop at 1.9900 and target again 1.9850. It wasn't looking good at first but I decided to not to walk away from the charts and let the trade take it's course. I returned at 3pm to make sure I would close out if nothing had happened yet and saw the pleasant confirmation on the screen at our target. So we came out of that one with 23 pip gain.

All in all, I only netted 2 pips, times 3 lots, so net profit of 6 pips. But it is Monday and we are now ready for the rest of the week.

On a separate note, my crossover at 10:15 wasn't taken by pip surfer. Instead he got in at the 11:15 crossover. I was already in the trade and yet we both had the same result because he got in at the same price.

Here are the charts. Take a look.

Talk to you later.

Corbanfx Week End Review 3/31-4/4/08

April Fools week...no so good week!

Well the first week of april is closed and it wasn't the one to write home about but I am confident that before the month is up we will turn the tide and end up showing a positive result. Here are the numbers:

Monday: 3 Trades...+7 pips
Tuesday: 1 Trade.....+1 pips
Wednesday: 1 Trade.....-90 pips
Thursday: 2 Trades...+9 pips
Friday: No trades

Total: 7 trades.....-73 pips