I took out my Silver position yesterday. I thought we could see a bit of a retracement on prices, however that has yet to happen. Seems price has been happy starting out the week where it is. Still a pretty good profit, looking at almost a 2% profit on the account with it in about a week. Now on to the next one.
The Nikkei trade got bumped out at a break even position unfortunately befor it continued up and closed what would have been my profit. That too is a little unfortunate, however all part of the game. Maybe you might have managed yours differently?
Also, had a few day trades on here and there that didn’t pan out to pay too much. Nabbed a couple small ones that added about a 0.5% profit after the tally. But nothing very exciting there.
Right now I have no positions on and it looks like this week will give me a bit of a break as I get ready for my trip to Hong Kong and China next week. Always watching, but nothing on the balance sheet at the moment. I will update when a new trade comes.
Trade what you see… I’ll see you at the starting line!
My GBP/JPY trade closed my target in trading yesterday. This trade took about 9 days and paid about 10% compounded on the account. Not bad for a couple weeks.
Silver is currently stalled out at the $21.50 area after it’s initial break out above $20 resistance. Still looking for it to continue to my $23.00 target. Stop is in break even position, but I will tighten it up in the next day or two without another solid move up.
I opened a long position on the Nikkei yesterday. Today brought a nice move up after opening the position. Current target is at 15000.
I did have a position opened yesterday on the EUR/AUD which was stopped out in the overnight session. To bad too, because today it would have went well into profit as well. But as the saying goes, “You can’t win them all” and as always “There is ALWAYS another trade”.
More to come as the trades come to me…
I took on a Long position on Silver contracts 2 days ago. Looking at the technicals it seemed like a good bet on a break through resistance. Yesterday we saw that break as the market traded silver prices up through the $20.35 area of resistance. Trading today has seen it continue to climb.
Entry came at $20.20 with my first target now at $23.00. Stop is already in a break even position so this trade can now mature without any risk at all. That essentially means that anything I make on this trade now is “free” money.
GBP/JPY trade is still in although it looks like it may be tiring out at the 50MA resistance. Position is still on for now, but without a move up through the 50MA on this I will likely take the profit and look for the next entry. So far this position is worth a bit better than 10% on the account in less than 2 weeks. See my previous posts for trade details.