Paper Trading Day 27 of 90

Another Saturday morning and everyone in the house is in bed asleep except me and the damned cat who is meowing for the daily ritual, a saucer full of milk. Sorry cat not interested you can wait 'til mum gets up.

FOREX:


Now that I have picked my self up off the floor from yesterday lets take a look at today. Not so bad. Closed to trades today, a long trade on US Dollar / Japanese Yen losing $883.15 and opening a long trade and Long trade on Australian Dollar / US Dollar taking a $460 profit and an entry signal to go long again. What was that, yes there was a signal to go long again. Who am I to question I just follow the rules and see where they take me.

I currently have four trades in the green and five trades in the red for a total profit on open trades of $3,878.20 and closed trades are -$1,599 a total of $2,279.20. Not a particularly good week but then it is only a week. Next week is a new week that shows lots of promise.

COMMODITIES:

Are doing quite nicely thank you. Tomorrow is payday on my short coffee trade as there was an exit signal today. I closed three trades today,

• Long trade on Corn, with a lose of $70
• Long trade on Soybean Oil, woitha lose of $192 with a short entry signal
• Long trade on Cocoa with a lose of $710. Everybody it seems has a horror story and Cocoa seems to be mine, but I do love my morning cup of coffee.

Today also marked an entry signal for going long on Rough Rice.

So we close todays books with a profit on open trades at $12,950 and closed trades at $2,739.25 a total of $15,689.25 or 32.69% increase on my original account.

Paper Trading Day 26 of 90

Did I mention that forex is volatile? I didn't, well let me tell you that forex is volatile. You would need a cast iron will to trade forex. Commodities seem so much more sedate.


FOREX:


took a beating today as a result of the apparent instability in the US Dollar. Closed four trades:

• Euro / US Dollar long trade $0 return
• US Dollar / Canadian Dollar short trade lose of $916.70
• US Dollar / Swiss Franc short trade lose of $384
• Euro / Japanese Yen long trade lose of $786.25

Profit on open trades is $2,973.65 and closed trades is down $1,175.85 a total profit of $1,797.80 an increase of 4.86% on my opening account.

COMMODITIES:

things are a little more steady with commodities with exit signals for 3 trades

• long trade on Corn at a lose
• long trade on Soybean Oil at a lose
• long trade on Cocoa at a lose with an entry signal to go short

Everything else is humming along nicely, coffee continues to slide while profits on it continue to go up.

profit on open trades is $9,642.25 and profit on closed trades remains at $3,711.25 a total of $13,353.50 or 27.82% increase on my opening account, just short of yesterdays total.

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.

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.