September 30, 2009

EOD analysis 30 September

business news of the day calendar

daily viewd

2 hours view22

30 minutes view30

point and figurepnf

5 min view5

September 29, 2009

EOD analysis – 29 September

calendar of the daycalendar 

daily viewd

2 hours view22

30 min view30

point and figurepnf

5 min view5

EURUSD intraday

The entry : SHORT EUR_USD Spot

  reversed position ( now LONG)EUR_USD Spot

September 28, 2009

EOD analysis 28 September

No major news today

5 min chart only. Please note the big range formed during the morning ( 148 pips) EUR_USD Spot

September 27, 2009

September 26, 2009

Trading plan


Trading plan

  1. Trading

    1. What contract(s) I intend to trade ?

        EURUSD on FOREX market
    1. What hours I trade ?

        New York session
    1. What setups I trade ?

        not defined yet

  1. Risk

    1. My loss limit in ticks per trade

         30 pips/ trade is maximum risk/trade
    1. My loss limit in ticks per day

        60 pips/day is the maximum risk per day
    1. What will I do after x losing trades ?

         After 1 losing trade I will take a 30 minutes break, take a walk outside.
                    After two losing trades I will stop trading for the day.

    1. Strategy for increasing/decreasing my trading size

        daily: I won't increase my trading size during the day
                  weekly/monthly: I won't increase my trading size for the moment as my goal is to break-even each week.

  1. Goals

    1. Daily goals

      1.  How many ticks per day ?

                    My initial daily goal is to be positive at the end of the day

      1.  How many trades per day ?

            2 trades per day
      1.  How long do I plan to hold winners/losers ?


    1. Weekly goals

      1. How many ticks per week ?
            Break even at the end of the week
      1.  How many trades per week ?

            2X5 = 10 trades per week at the most

  1. Reporting

    1. My plan for writing a brief narrative of the trading day.

        I will keep track of my trades during the day (posted on my blog) and an End Of Day analysis.

    1. My plan to keep statistics of my trades.

        I will have to work on this. One solution is to download the excel format of my trades from broker' site.

  1. Contingencies

    1. What if system crashes ?

    2. What if my internet connection goes down ?

        I have 2 internet connections

September 25, 2009

EOD analysis 25 Sept

Calendar for 25 Septcalendar

point and figurepnf

5 min view : medium range ( 90 pips) broken twice but the upper line of the range ( resistance) was too close to the daily resistance. 5

30 min view30

2 hours view22

daily viewd

September 24, 2009

EOD analysis 24 Sept

The calendar of the daycalendar

daily viewd

2 hours view22

30 minutes view30

point and figurepnf

5 minutes view5

EURUSD intraday

The entryEUR_USD Spot

the exit        EUR_USD Spot

September 23, 2009

EOD analysis 23 Sept

Calendar of the day: Fed Daycalendar

daily viewd

2 hours view22

30 minutes view30

point and figurepnf

5 min view5

EURUSD intraday

range breakout + pulback + entryEUR_USD Spot

the breakoutEUR_USD Spot

the exit     EUR_USD Spot

September 22, 2009

EOD analysis 22 Sept

No major news today

daily viewd

2 hours view22

30 minutes view30 </

point and figure chartpnf

5 min view5

EURUSD intraday

We have a wide range this morning (almost 120 pips)EUR_USD Spot

September 21, 2009

EOD analysis 21 Sept

No major news

daily viewd

2 hours view22

30 min view30

point and figure chartpnf

5 min view5

EURUSD intraday 21 Sept

Range breakout and entryEUR_USD Spot

Stop Loss hit (during NYSE open) :(EUR_USD Spot

The second entry of the day: EUR_USD Spot