I’m starting out the year with my Forex account down 20%. Ouch! Well its all my fault, I shouldn’t have been trading while sick. I let my positions get away from me and I made some stupid buys. Plus the market was so volatile it kept stopping me out right and [...]
What a brutal week for Forex and the USD. My EURJPY longs positions got beat up bad and I had to reduce my aggregate position for a loss. I guess I should start looking at synthetic carry trades as some readers have suggested (thanks Soren). Still my outlook for this pair is bullish BUT I’m reaching my last line [...]
Wow, what a brutal day to be long EURJPY. I guess the Kimono Traders (they drew first blood) bought back their Yen really fast today after the USD plunged on bad economic news! Everyone was trying to get out the the USDJPY carry trade because the Fed is likely to cut rates on the USD [...]
The year is beginning to wind down and I’m looking forward to closing out my Forex trading with at least one position in AUDUSD and possibly a second in EURJPY if my buy order gets triggered when London opens. All this intervention by the banks can’t stop the overall trend for currencies until they [...]
It’s beginning to look like Gold is breaking out on the daily chart but we must remain cautious, this could be a fake out. Then again, why would it be a fake out? The world reserve banks, ours included, have been dumping so much liquidity into the system to help soothe the sub-prime [...]
As promised, see the PDF link below for my entire 2007 Forex trading log. These were actual tickets and trades generated for my $100 Forex Experiment. You can see I had a few ups and downs but my trading equity grew over 50% this year, amazing!!!
Forex Results 2007.pdf
I’ve posted about this before or at least linked it in my Del.icio.us link role but Japanese women have taken to the Forex markets in droves. They, for the most part, are carry traders and routinely sell yen for higher yielding currencies like the Kiwi or the Aussie D.
Of course this article talks about [...]
