Recent content by Human Pirana

aaahh well... it seems funny to me that with the dissemination of information that the internet allows, I am still making (albeit paper) trades on such original insight as "when the yellow line touches the blue line, and the pink line isnt near the green one". Surely there's a better way...

As a retail FX trader, one will never really know whats going on in the interbank spot or option markets... However... it IS possible to find information about Exchange traded FX options. Assuming that there are at least some Bank desks using these instruments, and assuming that the IB desks...

30/7/07 record Hey folks, hope everyone had a good weekend etc... anyway here's the P/L of todays trading: Trade 1 short 118.74 close 118.79 (-5) Trade 2 short 118.89 close 118 89 (0) Trade 3 long 118.89 close 118.76 (-13) Trade 4 long 118.16 close 118.42 (26) Trade 5 short 118.83 close...

Lesson #2 OK, time for a debrief over the last trade and a review of our system so far. The last trade was great for the psyche... especially given the first one came in at a whopping -56 pips! (for audit purposes I'm sticking to the loss of 20 that I would have incurred if I hadn't been...

Trade # 1 cont. looks like I made the right call and closed at the right time. Given that the RSI didnt make a clear breach of the 25% level, I would have definately closed the trade once the EMA's crossed - which still would have been a profitable trade. Oliver

Trade # 1 cont. Positioned Closed at 118.54 Profit of +74 pips with the RSI hanging around the 27% level, I closed the trade.

Trade # 1 cont. The EMA's have consumated their relationship and have gone their seperate ways. Will stay in the trade until the next EMA cross or RSI < 25% Oliver

Trade #1 cont. well the EMA's have crossed so strictly speaking I should close the position now. However the EMA's actually have been flirting with each other for a while while the pair move sideways (as I have noticed they do sometimes...). Im gonna stay in this for a little longer... once...

Trade # 1 cont. The EMA's have crossed and so I expect the pair to drift downwards... next EMA cross => close position

Trade # 2 Right, Given lesson #1 I have opened and closed a position since last post. What follows is a commentary on what's going on and my thoughts. Sold at 119.28 The RSI is just about breaking the 75% level, and the EMA's haven't crossed since last trade. I infer that the next EMA cross...

Lesson #1 Morning again, well this is going great! Already I have learnt something new to include in my system: DONT BE WRITING POSTS WHILE A TRADE IS OPEN! closed position with a loss of 56 pips. OUCH! For my own purposes I will take the view that had I not been writing to you good people...

Chart Please see attached.

First Step Morning all CORRECTIONS: wrt previous post: I mixed up the "buy" and "sell" signals from the RSI barriers - 25% => BUY; 75%=> SELL Yes I know I've spelt Piranha wrong, Truth be told my first choice was "Dash Riprock" but it had already been taken. As promised I will start to...

Hi folks, So as I am sure you can tell this is my first post, lets hope its a goodun. In short: I am not (yet) doing this for real. I have been "paper trading" on and off for a couple of years (and studied FM's at uni), but have never established any criteria for trade entry and exit that a...