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USDJpy down today, but USD crosses in doubt

AdamFx42 Posted 10 Aug.  in #Trader's blog #Crosses #USD Weakness
UsdJpy is down quite a bit today
Some soft data, and bearish talk today on the US markets sent UsdJpy down
I have a bundle of Usd crosses - long positions open
Initially I seemed to suffer quite a big drawdown, but I seem alright now
Although I am not making any money at the moment,
I will be keeping my long Usd crosses open, as weakness in UsdJpy does not seem to affect them much
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It is very dangerous to be sure of something

AdamFx42 Posted 4 June  in #Trader's blog #Gbpjpy #USD Weakness #Pain Of Growing
Today's story is about trading growing pains
As a trader one must be always wary of pitfalls
I have trading been for six years now, and have grown a lot in that time,
but this week I have experienced some severe growing pains
I have tried to be a disciplined trader, but there is always the danger of blowing up
Last week was just such an example:
I was sure that the combination of a possible rate hike in US,
and a no-vote for Brexit meant that GbpJpy would be a winner
I did the technical analysis…
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2 Comments
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fxsurprise8 4 June

Damn, that sucks. You have to control risk in this business, it's crucial. Doesn't matter how good you are until you learn to take a loss.

You've probably heard this million times before but you shouldn't risk more then 1-2% on any trade with real money.

Don't beat yourself up though, what you did is completely normal. Humans are hard-wired to avoid pain. Even when the amount at stake is the same, we feel twice as worse when we lose then we feel good when we win. This is why let that loss run away.

One solution is to make clear rules for trading, the other is to re-train your monkey brain.

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fxsurprise8 4 June

Good luck!

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Back to USD longs

AdamFx42 Posted 7 Apr.  in #Trader's blog #USD Weakness #Closed GBP Longs #Long Again
I am back to Usd longs again since last night
I closed my Gbp longs yesterday after they failed to gain much profit on Usd weakness
I went long UsdJpy last night with a tight stop below 109
I also went long UsdChf, UsdCad and UsdSek - these positions are still holding ground
I am looking re-enter my UsdJpy now from these lows
gl all
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Cable catching up on Euro gains

al_dcdemo Posted 10 June  in #Trader's blog #GBP/USD #Cable #USD Weakness #200 Dma #Previous Week High #European Low
In another bout of USD weakness today, Cable rallied strongly, adding nearly 200 pips from the European low (~1.5370). It broke Previous Week High (~1.5440) and 200 DMA (~1.5505) in the process. While it will most certainly close above the former, the latter is still being fought for. Though daily closes are not as important as weekly.
Relative to the price action from the past several days, the rally appears somewhat overdone and the pullback to 1.54 will likely be needed before continuing up. …
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Down on my luck

AdamFx42 Updated 10 July  in #Trader's blog #USD Weakness #Position Going Nowhere
Usd seems to be unable to go in any direction at the moment
I was going for Usd/Jpy weakness
I thought my Gbp/Jpy short seemed good after I gained 50+ pips yesterday
but today I am back where I started
Eur seems to be going nowhere aswel,
as the Draghi speech today brought no new surprises or developments
I have a Eur/Jpy position short waiting in line too
I don't know what to do now
either pull my positions and start anew
or wait it out, we shall see what happens
I wish you all good luck in thi…
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4 Comments
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VictoriaVika 10 July

THANK YOU!

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AdamFx42 10 July

Really?, for what?You are hot btw ;-)

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VictoriaVika 10 July

for likes in my profile )

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AdamFx42 10 July

You're very welcome - it was my pleasure to see your photo'sI wish you the best of luck

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Retracement in USD/JPY while other majors thrive

AdamFx42 Posted 23 Jan.  in #Trader's blog #GBP #EUR #Strength #USD Weakness
Gbp and Eur have gained a lot against Usd the last two days - good data for both Eur, and Gbp,
and continuing Great Britain economic upbeat noises have attracted investors and traders alike
Usd/Jpy is seeing a hefty retracement today after failing to break 105 yesterday,
and is now breaking the 103.85 - 104.85 range to the downside
I have been buying a bit on a bounce from 103.5 where a lot buy interest is among traders
but the bounces; in the Yen crosses too, have been shallow,
and it still unc…
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1 Comments
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HOANG_MAI_NHI 24 Jan.

agree with u

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