Thursday, August 27, 2009

Paper Trading Day 25 of 90

WOW don't know if I'm Arthur or Martha this morning. Did I mention that we were taught at the three day workshop that forex is volatile, like a party for swingers.

FOREX:

Just when you think your doing okay the US Dollar comes along and hits you with a sledge hammer. Lets do this by pairs.
  • US Dollar / Japanese Yen Long trade, up today after being down yesterday. Trade is in the red.
  • EURO / US Dollar Long trade, down to the same price I bought it with an exit signal and an entry signal to go short.
  • British Pound /US Dollar Short trade, down in a big way profits jumped over $1,000. Trade is in the green.
  • US Dollar / Canadian Dollar Short trade, up above buy price with an exit signal and an entry signal to go long. Trade is in the red after being in the green yesterday.
  • US Dollar / Swiss Franc Short trade, up three days in a row with an exit signal and an entry signal to go long. Trade is in the red after being in the green yesterday.
  • EURO / Swiss Franc Short trade closed with a profit of $560. Entry signal to go long.
  • Australian Dollar / US Dollar Long trade down. Trade is in the red.
  • EURO / British Pound Long trade is up. Trade is in the green, profits at $2,575.60.
  • EURO / Japanese Yen Long trade is down with an exit signal. Trade is in the red.
  • British Pound / Japanese Yen Short trade opened today closed down. Trade is in the green.

Looks like doom and gloom but looks can be deceiving. Profits on Open trades is $1,793.60 and Closed trades is $911.10 a total of $2,704.70, a 7.31% increase on my opening account.

COMMODITIES:

No surprises with commodities today however my coffee run seems to be coming to an end and dropped over $1000 of my profit but thats okay as it is still over $4,000 in the green. Closed three trades today:

  • Rough Rice Short trade making a profit of $440.
  • Wheat Short trade making a profit of $1,250 with a long entry.
  • Live Cattle Long trade taking a lose of $110 and a Short entry.

No new entry or exit signals today.

Profit on open trades is $9,649.50 and closed trades is $3,711.25 a total of $13,360.75 or 27.83% increase on my opening account.

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