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

OK GUYS LET'SW TAKE SOME PROFITS HERE.WE BUY GBP/YEN AT 12989 FOR 503 POINTS PROFIT
WE BUY EUR/USD 1 AT 12623 FOR 407 POINTS PROFIT.

REMAINING POSITION 2 EUR/USD SHORT AT 12841

SORRY SELL 2 EURO'S INSTEAD OF 1

SELL EUR/USD 1 AT 12841

OK I CLOSED 1 GBP/YEN AT 13315 FOR 125 POINTS PROFIT. FORGET THE ORDER

LIMIT ORDER: COVER 1 GBP/YEN AT 13300

WE STILL HAVE THE FOLLOWING OPEN POSITIONS
SHORT EUR/USD AT 13030
SHORT GBP/YEN AT 13440
SHORT GBP/YEN AT 13492

WE HAVE ANOTHER SHORT EUR/USD AT 1.3092 WEL CLOSE THAT ONE AT 12749 FOR 343 POINTS PROFIT

SORRY GUYS FOR HAVING BEEN AWAY. MY PUTER BROKE DOWN.....IT WON'T HAPPEN AGAIN.
OK LET'S BUY BACK THAT LAST EURO WE SOLD AT 13204 AT 12760 FOR 444 POINTS PROFIT

SELL EUR/USD AT 13204

COVERED EUR/USD AT 13107 FOR 107 POINTS PROFIT AND CLOSED USD/YEN AT 8537 FOR 203 POINTS PROFIT

SELL EUR/USD 1 AT 13214

COVERED 2 GBP/YEN AT 13585 FOR 145 POINTS PROFIT

SELL ONE MORE GBP/YEN AT 13720

CAD/YEN STOPPED OUT WITH A 100 POINTS LOSS