Paper Trading Day 47 of 90

A fine sunny morning this morning but rain and hail is predicted for this afternoon when the Cats and the Saints battle it out for the holy grail of AFL.

FOREX:

I closed one trade today, a long trade on US Dollar / Japanese Yen taking a lose of $1,041.75. The last of the wrong way trades. There was an entry signal to open a short trade on this pair which is in the same direction as the weekly trend. There was also an entry signal for a short trade on US Dollar / Japanese Yen.

Profit on open trades is currently $19,723.00 while closed trades is currently -$1,041.75 a total of $18,681.25 an increase of 50.49% on my initial account. I wonder what my account would look like now if I had taken the conservative path right from the beginning.

COMMODITIES:

Commodities appear t obe going belly up at the moment and could be due to us moving into October, which is a notoriously bad period for trading. I closed two trades today;

• short trade on wheat with a lose of $430
• short trade on Live Cattle with a profit of $460

there were exit signals for;

• short trade on Soybean meal
• short trade on Soybeans
• short trade on Lean Hogs

and no new acceptable entry signals. I have a hunch that things will slow down now until after October.

Profit on open trades is -$946.50 while profit on closed trades is $14,538.75 a total profit of $13,592.25 an increase of 28.32%.