Archive for month: April, 2006

When doing nothing is the right thing to do

30 April, 2006 (12:59) | Journal | By: Colin McGinley

Unfortunately, my FxSol demo account has expired so I’m unable to show all my trades for the moment at once.
Total profit for the month was $710.97.  Since I based all my entries on having a $10,000 account (just to keep things simple), that gives a 7.1% gain.  I am perfectly happy with that.
Probably [...]

Bernanke speaks

27 April, 2006 (21:28) | Journal | By: Colin McGinley

Bernanke’s talk today caused a sharp euro rise, when it was expected to cause some slight dollar strength.  Grid has been raised to 1.22 - 1.26.
I have been waiting for dips to do some buying, but all dips over the last few days have been very brief, and since I did not notice [...]

Open interest and the moon’s cycle

24 April, 2006 (21:22) | Journal | By: Colin McGinley

Prices made a nice rise after my last one lot entry, and I exited this morning for 60 pips profit when price stated to look a bit weak. The 1.24 level was hit twice but has not been decisively broken yet.

I have been reading John Percival’s ‘Way of the Dollar’ after coming [...]

Dip to new buying level

20 April, 2006 (21:32) | Journal | By: Colin McGinley

A dip to the 1.230 level presented itself as a buying level today.  After a one lot entry price entered a very narrow trading range, never really going anywhere.  Only now in the Asian session does there seem to be any movement (slightly downward).

Apart from that, a pretty non-eventful day.

Nice little trade

19 April, 2006 (21:24) | Journal | By: Colin McGinley

A nice little trade today that netted 30 pips.

Just a single lot entry as price was in Q4.  Entry was taken ahead of CPI number release.  I was hoping for more of a significant retracement, but went with what the market had provided.  The CPI number caused some dollar strength which met resistance at [...]