dr.blix's 'trades of shame' journal

This is a discussion on dr.blix's 'trades of shame' journal within the Trading Journals forums, part of the Reception category; I don't trade Forex (yet) but found this and post it for info (even if you might already know it) ...

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Old Nov 2, 2009, 11:09am   #41
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I don't trade Forex (yet) but found this and post it for info (even if you might already know it)
Quote:
eurozone news, European Central Bank official Weber yesterday reported the central bank may reduce its unlimited offerings of twelve-month loans in 2010. On the political front, European Union leaders are still deciding who should be the bloc’s first president with former U.K. Prime Minister Blair’s chances falling. European Commission President Barroso reported “We must continue the implementation of our stimulus measures, maintaining a strong focus on jobs. At the same time we need to prepare exit strategies in a coordinated way.” Weber will meet with new German finance minister Schaeuble next week to discuss the government’s spending plans. Weber this week called for “a quick exit from very expansive fiscal policy.” Data released in the eurozone today saw the September EMU-16 unemployment rate reach 9.7%, its highest level since January 1999. Also, French September producer price inflation was off 0.4% m/m and 7.5% y/y. Also, EMU-16 consumer prices were off 0.1% y/y in October
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Old Nov 2, 2009, 11:14am   #42
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missed NTOG

Quote:
Nostra Terra to start Kansas oil well production
Business Financial Newswire
Nostra Terra Oil and Gas has established its Boxberger A#5 Well in Kansas has enough oil to be commercially viable.

The well, Nostra Terra's initial production well on the Boxberger property, will be put into production within the next 10 business days.

Initial flow-rates will be announced once production has been established.

The company has an interest in 11 wells on the property and expects to bring the remaining wells into production using cash flow from operations.
PXS holding well

I put yours on radar .. but quite large spread (like many AIM)

have a nice day
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Old Nov 2, 2009, 11:20am   #43
 
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dr.blix started this thread yeah the spreads are murder ciao!

nice one for getting in on PXS, did you manage to get in on the 8th sept?!
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Old Nov 2, 2009, 11:24am   #44
 
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dr.blix started this thread provexis took a nice bounce off a 50 MA on the weekly TF too. hopefully a good sign for you ciao.

having a quick look at the PXS chart it looks like 6.9p is a really key level. it's an important historical support and resistance level.



EDIT: taking 6.9p out and using it for support would be a great signal i think ciao.

the green line is the level i mentioned.
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Old Nov 2, 2009, 11:40am   #45
 
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dr.blix started this thread more good news i'd say ciao, an opening gap, a nice bullish sign...now acting as gap support. (H4 TF)

but, i'd take a breach of this 5.8p gap level as not a great sign.

N.B. i haven't marked the gap up on the chart, but, obviously, it's the island sitting below the green 6.9p level.
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Old Nov 2, 2009, 11:47am   #46
 
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dr.blix started this thread finally ciao, this would be my worst case scenario analysis. (daily TF)

if 6.9p holds as res and the indices take a tumble (or PXS has bad data/news) then the orange lines are where i'd see potential support levels. (4.2, 2.8, 1.5)

there's some slight bullish RSI osc dive on the daily TF though...so i don't think 6.9p should be a problem.

fingers crossed ey?!
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Old Nov 2, 2009, 1:16pm   #47
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Originally Posted by dr.blix View Post
yeah the spreads are murder ciao!

nice one for getting in on PXS, did you manage to get in on the 8th sept?!
I tell you even better before that date at +/- 1p and sold at 1.38..... with a good 30% I was quite happy (had quite few) then did some daytrading until I could see the way it was "pumped" it could have gone in places so held at 8p and you never believe that day that it when sky high my PC burn the night before so I was in the PC shop when I show the clime up..... imagine the panic when I couldn't sell at +/-22P..... eventually I managed to sell (by phone) at around 17p..... (with the amount I held I lost many KKK£££... but in the end happy for what I got...... then again after few daytrading it I had some at 9p sold at 12.50 + 14p then back to today hold..... so you can see they pay me few free "pizza + vino"

I have missed NTOG (someone told me to get in at 0.30/34) but didn't believe it but mainly was because I was away all day so I couldn't followed.... as you know they go up but they come down as fast......

thanks for your input + chart ..
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Old Nov 3, 2009, 10:06am   #48
 
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dr.blix started this thread nice rise on provexis today ciao!

i've started an equities thread ciao, the link is in my signature...plz feel free to contribute.
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Old Nov 3, 2009, 3:13pm   #49
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Originally Posted by dr.blix View Post
nice rise on provexis today ciao!

i've started an equities thread ciao, the link is in my signature...plz feel free to contribute.
Hello
Just arrived in been out .. and yes nice to see PXS rise in this "red" market

I will post on yours "equities thread" so I wont o/t this one

good luck with your journal
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Old Nov 11, 2009, 3:14pm   #50
 
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dr.blix started this thread i'm setting some equity trading rules as i have no real plan at the moment.

i'm setting a + 10% sell limit on each position. if its really on the move (or if my initial target is greater than + 10%) then i'll place my stop on the 10%.

if its hovering i don't know what to do.

i could either close the position. set a stop at + 5%. or close half the position and leave a very tight stop...i'll have to come back to that one!

RGM (one of the equities i currently hold) has already been at +20% and i've allowed that to pass by due to not being around on the day it moved.

i'm also setting a weekly monetary target. this would equate to 20% of one of my average position sizes.

my discipline is terrible so i'm going to have to work to hold myself to this...
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