Friday 4/25/08 Daily Update

No Trade

I got woken up by a couple crossovers last night, but either stochastic were going in the wrong direction or RSI was not below 50 or whatever, the fact is I didn't get any valid signal so I sat on the sidelines and watched the day go by.

Fortunately it is Friday and although I only did 2 trades this week, I was able to close out the week with 258 pips.

See it all in the weekend review which I will post over the weekend...for now, have a good one and talk to you soon.

Thursday 4/24/08- Update

NICE!!

Well it was another good day for us as we were able to jump into one trade and catch a few pips. Yesterday there were no trades done or signals or anything interesting so I didn't post with boring stuff..but today...here is how it went.

Today's Trades:

12:45 am: we had a valid signal here. The I decided to jump in and got executed at 1.9793. How? Well..in all honesty, I got lucky because my computer malfunctioned and I had to reopen the page. When I came back, the price had gone up a bit and so I got a better execution than I would have at the open of the bar. I set my limit at the next 50 level which was 1.9750 (43 pips away) and a tight stop at the recent swing high of 1.9803.

Entry: 1.9793

Stop : 1.9803

Target: 1.9750

2:30 am: target was hit and I was sleeping! My limit order got triggered and we were out 1.9750

Results:

One trade....43 pips...3 lots...+129 pips.

Now we have only one more day in the week and we can close it out hopefully with another positive day. Here are the charts.

Talk to you soon.

Tuesday 4/22/08 Update

I'm back!

Hello again. Yes I know i was missed since I was away from trading Friday and Monday but I am back, and boy what a day to be back. Today I was able to grab 43 pips per lot on one trade! 3 lots sold made it a 129 pip day.

From now on I am using a new format in my daily updates so that it is easier to see the results of each day without having to read all the blah blah that I right!

Today's Trade

1:15 am: There was a crossover. All signals were go so at the open of the 1:30 candle I jumped in and got executed @ 1.9793. My most recent swing high was 1.9822 and since I was 43 pips from the next 50 level I set the target at that.

ENTRY: 1.9793
STOP : 1.9822
Target : 1.9750

On the 2:30 my target was hit and since I had a limit order in I got filled for 43 pip profit...sweeeeeet!

Results: One trade.....+129 pips.

This is how it all went down.

Talk to you soon.

Corbanfx Week End Review 4/14-4/18/08

Well, this week I only traded for the first 4 days because I was traveling on friday. It all worked out because the only signal that came on friday was a 20 to 25 pip loss trade depending on execution. None the less, it wasn't a stellar week by any stretch, and we did end up with a losing week. But here are the nunmbers.

Monday: 1 Trade.............-102 pips
Tuesday: NO TRADES
Wednesday: 1 Trade............ -51 pips
Thursday: 1 Trade..............+58 pips

TOTAL: 3 Trades............-95 pips