Mad Cows Trading Journal: EURUSD

[StupidCow]

Well, I'm tossing my nickers in the caboose, dropping my jimmies and hanging out all the splendor to start my own genuine trader journal.

The rules of my journal will be rather unsophisticated as to not bewilderment anyone, especially those master traders among us who know so much more about trading than the average trader, that you can hardly stand in the same room next to their brilliant shinny crown on the top of their majestic head.

We are going to play this one straight forward, how about them apples.

The format will be simple and it will look something like this:

EURUSD
Long
42031
41871
42281

That was easy, no? Yes, of course it was. Now, here's the labeling for the above sample:

Currency Pair Traded
Trade Direction
Entry Price
Stop Price
Limit Price

This is how you will know everything that I know about the position. At the end of every trade, I'll post a trade summary which will also be very brief. It will look like this:

EURUSD
Limit
+27

-or-

EURUSD
Stop
-10

The labels for the above are as follows:

Currency Pair Traded
Success
Gained 27 pips total

-or-

Currency Pair Traded
Failure
Loss 10 pips total


This little format ought to keep things nice and tidy when it comes time for the Accountants to visit the thread with their microscopes and tweezers, as they pluck around trying to find the real truth behind the trades.

During this epic round of fun, you can feel free to leave your name, phone number and the best time to reach you and someone will call you..... oh, sorry - that's another forum.

Ummm. Just remember one thing please, I am a very Stupid Cow as the name implies, so keep your questions between my ear lobes, cause I ain't to bright but I aim to please. Thank ya! arty:


----------------
Truly (a),
StupidCow

 

[StupidCow]

Ya know someth'n. I was sitt'n here glaring at my computer wondering why in darn tarnataion them dare bars failed to move. It was then I realized that this day be Saturday, and their ain't no duck hunt'un on Saturday's in the 4X market place of spot cash on the barrel.

So, I'm gonna have to wait til next week to start the fireworks round this place. Ya'll be good till then, ya hear! See my shinny teeth -------> :cheesy: Ain't them the most beautiful pearls you ever did wanna see in your entire miserable life.

We goan have some fun round these parts, that much is for certain. And, we goan make a lotta moohlah rough in the process, if you can understand my German, or maybe that was French? I don't know - what the heck. We goan make some cold hard cash in this thread, so stay glued to your jock strap - ya hear!

 

[StupidCow]

While we wait til next week to jump the market place and steal all its money honey - I thought that maybe this video has a particular kind of relevance here. So, watch and enjoy the message "with a gun to your head."

http://www.youtube.com/watch?v=aEG-kbRZH-Q&feature=related


"You've probably the second highest I.Q. in the bunch, but you are just not a trader."

Then notice how all the others who could not stand the heat in the kitchen, just got up and walked out, pretending as if the treatment of Cleo, was somehow the real reason why they decided to leave. This attitude has so much relevance to the trading world. I take it that the savvy among us understands why.

Their collective attitude is: Hey, I'm a lousy trader, so I'm going to frack it up for everybody else in the group - just because I'm a lousy freaking trader myself.

I love this episode - I really do. For some really Mad Cow reasons.

 

[sighthound]

Booyakkashaa me tink Joe Ross just dun gone batty boy.

 

[StupidCow]

It's not called the Mad Cow Trading Journal for nut'in.

Free milk and cheese. The Salvation Army does it for those in need and we don't think twice about it.

On the other side of the coin, beware of Raining Cows:

This just in! One cow has escaped and was last seen headed for Gate 12 at London Heathrow (LHR) with a 1st class Lufthansa ticket in mouth. No doubt he paid in fresh milk, but it is questionable whether or not he'll make it through security without a strip search.

 

[Bint_Crusher]

While we wait til next week to jump the market place and steal all its money honey - I thought that maybe this video has a particular kind of relevance here. So, watch and enjoy the message "with a gun to your head."

http://www.youtube.com/watch?v=aEG-kbRZH-Q&feature=related


"You've probably the second highest I.Q. in the bunch, but you are just not a trader."

Then notice how all the others who could not stand the heat in the kitchen, just got up and walked out, pretending as if the treatment of Cleo, was somehow the real reason why they decided to leave. This attitude has so much relevance to the trading world. I take it that the savvy among us understands why.

Their collective attitude is: Hey, I'm a lousy trader, so I'm going to frack it up for everybody else in the group - just because I'm a lousy freaking trader myself.

I love this episode - I really do. For some really Mad Cow reasons.

I was on a series of seminars with some very experienced and proficient traders when this was screened. To a man (and woman) they agreed that this way of running a trading floor was complete bollox. I don't care who it was that supposedly taught them but they left out the most important maxim, "follow your rules at all times". :smart::smart::smart:

 

[Doomberg]

I love EUR/USD, happy to see a new journal

 

[StupidCow]

Ok, Mad Cow Associates!

I was up late last night and was unable to get up at like I normally do. Since London is closed up shop and everybody in the City is now getting blitz on a paint of ale, and since New York is just about to wind things down, I'll have to rely on the people from down unda' to rescue my lazy butt this afternoon.

Over all today, the EURUSD was a slowly launching rocket to the moon. Sort of like the old days of the Saturn rockets, as they don't necessary leap right off the launch pad (a slower launch compared to the U.S. and Russian shuttle).

Most of my Monday starts are typically around 1200 GMT. So, I got off to a slow start this week.

Doomberg, welcome aboard the Mad Cow Express!

 

[StupidCow]

I was on a series of seminars with some very experienced and proficient traders when this was screened. To a man (and woman) they agreed that this way of running a trading floor was complete bollox. I don't care who it was that supposedly taught them but they left out the most important maxim, "follow your rules at all times". :smart::smart::smart:

The video was posted as an instructive. And, you are right. You would obviously not run a floor this way. This was done as a reality T.V. ploy and as something of a personal or inward facing muse of sorts. If Al, was able to actually make some money out of this, then he proves his ability to teach anyone off the street, how to trade. Of course, overall he lost a small bit of cash, but ironically, this group actually made more money than he did in his own fund. Which I found rather hilarious.

This experiment was based on fundamental analysis alone. There was no real technical analysis deployed in any of the positions taken by the group. You also have to remember that this was modeled after a hedge fund, not naked trading paradigm. So, the group had to essentially not only learn about how to trade the fundamentals, but also how to pair each position with an appropriate hedge. And, all they had were a few weeks to learn how to do it. That's supposed to be an impossible task, yet Al showed everyone that you can teach a few people off the street how NOT to lose everything by using what he taught this small group.

I don't think he ever really intended to make money on the deal. It was an interesting experiment to say the least. Certainly a lot different than Wall Street Warriors.

 

[DashRiprock]

Who is Al? I thought it was Lex van Dam (like claude van dam and Lex luther in one I always thought).

Anyway I did watch this and they did learn about TA because the scoser scouser was all on about Aplle was a head and shoulders but he dint have the capital and then he was overleveraged and there was kerfuffle about it.

NEway about this clip that was shown, what I think is well funny is the army bloke who was all "broker is your b!tch" and shouty. Just, I dunno, lulz. That crying was I also seen on My single friend. Was a babe from Hollyoaks on there too once.

 

[StupidCow]

Who is Al? I thought it was Lex van Dam (like claude van dam and Lex luther in one I always thought).

Anyway I did watch this and they did learn about TA because the scoser scouser was all on about Aplle was a head and shoulders but he dint have the capital and then he was overleveraged and there was kerfuffle about it.

NEway about this clip that was shown, what I think is well funny is the army bloke who was all "broker is your b!tch" and shouty. Just, I dunno, lulz. That crying was I also seen on My single friend. Was a babe from Hollyoaks on there too once.

I thought it was Alex, so I called him Al. If his name is Lex, that's typically short for Alex, where I live. But, then again, this was done in Europe and not the United States.

Second, I seriously doubt that any of these guys even knew what H&S pattern was, let alone what to do with it in respect to finding something else to hedge it with. I saw a few trend lines, a few channel lines and one or two Fibonacci lines drawn in some of the bloomberg charts, but when I listen to the dialog throughout the series, it becomes clear that these guys were attempting classic hedging strategies predicated on either the news worthy events of the day, or expected news worthy events.

The emotional outbreaks from Cleo, and her affect on the group were many. The soldier (with whom I can relate), was former special forces and his mind was better prepared. Although, even his training was put to the test, which is what I like so much about the markets. However, I do expect him to be able to adapt a lot quicker than the others.

The mother, was stoic and that helped her be one of the best because it helped her keep her emotions in check. This is the kind of Woman who could have had a career in the CIA or MI6, easily. She's got the unassuming 'swagger' but when the chips are down, she's reliable and clear-headed and stable. With the proper training, she'd be an outstanding field operative.

NEway, that's my .0001 pips worth on the subject. While I was moving my car, I missed a smallish Short trade from 4279, so I need to focus on what I'm doing here.

 

[DashRiprock]

I think u r bramble.

wud I be good in MI6 as well?

 

[StupidCow]

No. But, MI2 might work for you.

Careful about what you say regarding bramble. He's got thousands of posts here, so that speaks volumes about his trading skills and his qualifications for MI6. So, you need to really be careful around here. You might get arrested, deported, strip searched, water boarded and shipped off to the Hague for international prosecution of Trading Forum Crimes, in violation of U.N. Resolution 0001 and the Galactic Prime Directive 010100 Destruct 001000.

 

[StupidCow]

Ok, seriously. I need to focus now - I'm missing opportunities to dazzle.

 

[DashRiprock]

is MI2 the one that Virgil drives?

 

[StupidCow]

MI5 National
MI6 International

MI2 Crossing Guard

You'd be a perfect match. Nobody would step out in front a moving semi just to hold up a stop sign more proudly than you.

Ok, seriously, I need to focus now. No more jokes for a while.

 

[StupidCow]

Market Scope Update:

Since about 1500 GMT, the steam has fled the EURUSD, so I'm not getting the good looks that I need to get into position for the kill shot. There were a couple over the past 2 hours, but I missed them both. There was also a slower move to the upside that I did not feel comfortable taking, but it has since turned out to be a slow grind to some decent pips.

My strategy is going to be simple. I'm going to use Price Action, Exit Points, Trend Lines and I'm going to just glare at my charts until they tell me to jump into the market. Then, like Luke Skywalker, I'm going to 'feel' my way around the market until I net a positive trade. This should put me in close company with the way certain other people talk about trading on this board. I'm going to get a 'feel' for where the market is going and then I am going to take the shot.

It should be wild fun around here!

 

[StupidCow]

quiet please
live trading is now in session
turn off all cell phones, laptops and pda devices​

 

[DashRiprock]

FWIW euro looks like an even more of a mind**** to me i would avoid it like the plague until you can hear everyone else scream in pain. maybe try then but not until, it's a coiled spring with nothign but pain for everyone in the box.

cable I think is good here though.

 

[StupidCow]

Market Scope Update:

- A very strong Ascending Triangle now forming on the EURUSD hourly chart.

- The EURUSD is sideways because it is done for this session GMT ending 2359 GMT.

- There is no place to go in the EURUSD right now. No place that has enough room for me to trade.

- Today's Daily range was 126% of normal and 86% was directionally sustained through 2154 GMT.

- This explains the final hours of temporary consolidation for this session.

- The ascending triangle on the hourly favors the upside for next session. However, my trades are much smaller than one day in duration and more numerous.