DUE TO PERSONAL CIRCUMSTANCES I WAS NOT ABLE ANYMORE TO KEEP UP THE BLOG. SOME OF YOU MIGHT REMEMBER THAT I ALREADY AT AN EARLIER STAGE COMPLAINT ABOUT MY LACK OF TIME.
SOON I WILL RETART THIS BLOG. i AM STILL BRAINSTORMING ABOUT THE CONTENTS. iT WILL BE SOMETHING GOOD;GIVE ME A LITTLE MORE TIME AND I LL BE BACK!

SQUARE THE GBP/YEN AT 13027 FOR 125 POINTS PROFIT

SELL EUR/CHF AT 13120 FOR 414 POINTS PROFIT

GBP/YEN STOPPPED OUT AT 13025 AND SELL AGAIN AT 13152

STOP OUT GBP/YEN AT 13025

LET'S SELL GBP/YEN 1 AT 12974

AND JUST SOLD AGAIN 2 USD/SFR AT 10171 200 POINTS!

LET'S BUY USD/SFR 2 AT 1.0070

OK GUYS WE ARE GOING TO CLOSE ANOTHER TERRIBLE MONTH AND WITH THAT I HOPE WE CLOSE DOWN THIS WHOLE DARN SUMMER PERIOD.IT WAS LONG AND HOT AS PREDICTED.WE SAW A GENERALLY LETHARGIC MARKET WITH LOW LIQUIDITY. I EXPECT MANY OPERATORS TO GET BACK FROM THEIR HOLYDAYS THIS WEEK AND THAT MARKET WILL PICK UP SERIOUSLY AS FROM NEXT WEEK INTO THE YEAR END. WE KEEP DE 2 POSITIONS: LONG EUR/SFR AT 12913 AND SHORT EUR/USD AT 12693.
i LL UPDATE THE RESULTS IN P&L AND IT WILL BE UPLOADED TO THE BLOG AGAIN IN THE EXCEL SHEET AS NORMALLY. HAVE A GOOD WEEK END.

OK A QUESTION THAT KEEPS COMING BACK IS THE ONE ABOUT THE HOLY STOP LOSSES. USUALLY I DO NOT USE THEM AS I KEEP A LOW LEVERAGE OF 1:1 TO 1:5 ONLY RIGHT NOW WE HAVE 4 POSITIONS OUSTANDING SO THE LEVERAGE IS 1:4 I DO NOT MENTION AMOUNTS NEITHER:
IF YOU HAVE A 50K ACCOUNT "1" OR "1" UNIT MEANS 50K. A 1:4 LEVERAGE ON A 50K ACCOUNT MEANS A POSITIONS OF 200K MAX. I USED TO USE WORDS LIKE LOT, BUT THAT IMPLIED I WOULD HAVE HAD AN AT LEAST 100K ACCOUNT. E.G. BUY 5 LOTS=0.5 MIO. THAT LEAD SOMETIMES TO
REACTIONS OF JALEOUS AMD ENVIOUS PEOPLE. SO I CHANGED IT TO WHAT IT IS NOW.
USUALLY I TRADE WITH THE L/T TREND. IF I DO STOPS ARE OUT OF THE QUESTION. HOWEVER WHEN I DECIDE TO COUNTER TREND I DO USE STOPS. NOT ALWAYS I WOULD SET A FIXED LEVEL BUT RATHER LEAVE IT TO THE FINANCIAL POSIBILITIES OF THE FOLLOWERS. FOLLOWING MY THREAD INCLUDES SOME SELF THINKING TOO.

JUST MISSED THE GBP/YEN ORDER BY 10 PIPS. WAS A VERY NICE TRY......BUT UNFORNATELY:
CANCEL IT....

SELL GBP/YEN AT 13370 LIMIT ORDER

JUST BUY EUR/SFR 2 IN CONNECTION WITH POSSIBLE SNB INTERVENTION AT 13035