Wednesday, August 26, 2009

Paper Trading Day 24 of 90

My apologies for not posting day 23 as I have the flu and went straight back to bed after doing my paper trading. I did however close four commodity trades, all of them were grains, taking a lose of just under $2000.

FOREX:

An exit signal yesterday for my short trade on US Dollar / Japanese Yen saw a profit of $693.60 today and marked a long entry for the same pair. Today showed an exit signal for Euro / Swiss Franc and the US Dollar appears to be turning around and gaining value. My Long trade on Euro / British Pound is going strong and has passed $2000 in profits.

Profit on open trades is $3321.15 and closed trades is $351 for a total of $3672.25 an increase of 9.92% on my opening account.

COMMODITIES:

An exit signal on my long trade for Feeder Cattle yesterday saw a small lose of $362.50 however the open signal to go short sees the first day gaining $162.50 so I have some of it back already.

There was exit signal for my short trade on Rough Rice will wait til tomorrow to see if there is a signal to go long. There is an exit signal for my short trade on Wheat and long entry signal. I will make a nice profit on both those trades.

Live Cattle has an exit signal for long trade and an entry signal to go short and I will take a very tiny lose on the long trade.

Cocoa made a huge jump while coffee continues to slide in price making my short trade now worth $5,287.50 in profits with no end in sight yet.

So I now have 11 commodity trades in the green and 3 in the red with one being closed on opening of the market tomorrow. Profit on open trades now is currently $12,260 and closed trades is 2,131.25 for a total of $14,391.25 an increase of 29.98% on my initial account.

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