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Ups and downs. Mostly ups though :)

elmagnifico Posted 14 Jan.  in #Trader's blog #JPY #CHF #USD #Nasdaq
January, the13th,
When you lose on a trade - you have to get back on track right away. After closing the first position on the picture I decided to put in another one right away. Waiting for a little retracement or putting in a conditional order would have been much smarter but the pitfall was my default stop loss went in unchanged and was hit. In this position one always puts the stop loss just over - rather then just under the 117.00 line. The stop loss from the previous position is still visi…
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SalviLeana 14 Jan.

Great job !! :)

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Some skillful shorting and a long position.

elmagnifico Posted 9 Jan.  in #Trader's blog #AUD #JPY #CHF #USD
January the 9th,
Week heading into close and I made some snips of my trades at the end of the week. I'm lurking beneath the top 5 but will it last?. It seems very easy in this competition to make a good start - but very difficult to stay focused on the game throughout the whole of the month. I'm going to imagine it's real money this month
The 14:30 CET economic figures of the day proved excellent for me, although probably disastrous for some, and I made the most out of it. I wanted to do a secon…
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The Reversal?

elmagnifico Posted 6 Jan.  in #Trader's blog #USD/JPY #CHF/JPY
USD/JPY Short
In contradiction to accepted norms the QE program of the FED has not only fueled a massive stock bubble in the US but has also created such demand for the USD that even though dollars have been printed at record rates - the dollar has gained enormously at the same time. One reason for this is that all that cheap money has been thrown onto the US stock market, instead of being used for loans to US companies like it was purportedly intended for, causing a bubble on the US stock mark…
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