Disappointed

Kinda disappointed with trading this week. This week trading resulted in a number of losses and a few problems I  found with my strategy.
1. Poor performance when market behave sideways
2. Choppy market caused me to enter and stop out almost immediately
3. On the longer timeframe, trades just seems to take too long; the breakout effect is no longer there when i enter my position.
4. Too many cross timeframe counters cause me to lose focus.

Overall, not a week of work thats worth my effort. Doing a major system overhaul.

Update soon... Maybe tomorrow.

New Battle Plan

Looking back at the trades done during the first 2 weeks of March, I have come to conclusion, that I will only swing EUR and CHF 15M and 30M. At the same time I will introduce 1M intra day swing, to increase trading opportunities and to diverse risk from trading only mid terms swing on EUR and CHF.
For the 1M trades, I will be looking at EUR and CL, these 2 counters are relatively more volatile as compared to other pairs. My main objective of trading more time-frame, is to improve my winning rate and be less dependent on the longer time-frame.
I will also stop trading every month once I hit 2 net 30M, 4 net 15M and 28 net 1M trades. This is so to keep unnecessary losses low and to preserve the profit once I hit my target. I am not really interested in pips count, as all my trades are entered with fix limit and risk percentages; Risk/Reward ratio usually at 1:1.

Currently traded pairs/counters
30M EURUSD / USDCHF
15M EURUSD / USDCHF
1M EURUSD / CL(USOIL)

Wish me all the best!

Busy week....

Attended some camp this week; unable to update any trades performed last few days. Condolences to Japan, hope it will have a speedy recovery.
Finally manage to finalise the trade plan for the next few months, will update in a later post.
Nice week for 15M and 30M swing, manage to close few of the EUR trades positively.

Update of March P/L: 
EUR 15M: +1
EUR 30M: 0
CHF 15M: -2
CHF 30M: 0

Weekend; plans for next week...

Looking at the trade log of pass 2 weeks, I could only conclude that most of the losses are from trading SPX. Whereas for EUR and CHF, I have limited trading opportunities, thus the P/L is somehow level. Will be swing trading the EUR 1M and probably US oil 1M to increase exposure and entry opportunities.

Confirmation for trading pairs:

Swing trading (Risk)
EUR 15M(1.5%) 30M(3%)
CHF 15M(1.5%) 30M(3%)

Short term swing (Risk)
EUR 1M(0.75%)
CHF 1M(0.75%)
USOil 1M(0.75%)

11 Mar 2011 Update

Good day for the 1M trades; removed SPX; hope that I will be able to break even this month. 
11/03/2011
EUR 1M: +3


Update of March P/L: 
EUR 15M: +1
EUR 30M: -1 1p
CHF 15M: -1
CHF 30M: 0

10 Mar 2011 Update

Got really tired with SPX, really wondering whats wrong with it? Decided to stop reading SPX till then end of this month. Introducing EUR 1M, will be trading it from 0300 to 1200 EST, risking 0.5% per trade. 


10/03/2011
EUR 1M: -2


Update of March P/L: 
EUR 15M: +1
EUR 30M: -1 1p
CHF 15M: 0 1p
CHF 30M: 0
SPX 15M: -5
SPX30M: -4

09 Mar 2011 Update

A few trades on the orders; update when open.....


Update of March P/L:
EUR 15M: 0
EUR 30M: -1
CHF 15M: 0
CHF 30M: 0
SPX 15M: -4 1p
SPX30M: -4

08 Mar 2011 Update

Update of March P/L:
EUR 15M: 0
EUR 30M: -1
CHF 15M: 0
CHF 30M: 0
SPX 15M: -4 1p
SPX30M: -4

07 Mar 2011, SPX ......

Really  wonder what's wrong with SPX, or it's problem with my method. 3 consecutive losses on the SPX for the month of March. Really expensive. The unrest in the middle east and the sky high oil prices is causing the market to fluctuate. I can only conclude that Mr. Market is quite lost and confused now. S&P 500 has been trading in the 1290 and 1325 range from more than a week now. Hope that a breakout downward will be possible as I had shorted the SPX 30M. CHF have been opened for 3 days now, no great movement,  just hovering around the same price.

Update of March P/L:
EUR 15M: 0
EUR 30M: -1
CHF 15M: 0 1p
CHF 30M: 0
SPX 15M: -3
SPX30M: -3 1p

04 Mar 2011 Update

Looking forward to the announcement of the non farm payroll tonight. Hope it will be a great one; cos i have SPX long positions still open.


Update of March P/L:
EUR 15M: 0
EUR 30M: -1
CHF 15M: 0 1p
CHF 30M: 0
SPX 15M: -2 1p
SPX30M: -2 1p

03 Mar 2011 update

Wow market today, especially the EUR, is crazy; 100 pips in 10mins.
SPX 15M and 30M was stopped out; seems that SPX is a little against the trend; range bound trading.
Entered a long the the CHF 15M....

Update of March P/L:
EUR 15M: 0
EUR 30M: -1
CHF 15M: +1 1p
CHF 30M: 0
SPX 15M: -2
SPX30M: -2

CHF 15M & EUR 15M limit

Current standing for the month....
EUR 15M: 0
EUR 30M: -1
CHF 15M: +1
CHF 30M: 0
SPX 15M: -1 1p
SPX30M: -1 1p

Entered EUR

EUR 15M long @ 1.38271

EUR 30M Stopped

30M EUR stopped out.... the market is range bound, difficult for my method to work here...
Current standing for the month....
EUR 15M: -1 1(ol)
EUR 30M: -1
CHF 15M: 1p
CHF 30M: 0
SPX 15M: -1 1p
SPX30M: -1 1p

EUR,SPX & CHF

The 15M EUR long was stopped out.
Enter SPX 15M and 30M on the 01/03/2011 Long , both stopped out. Due to Ben speech
Current open position....
EUR short on the 30M
CHF short on the 15M
SPX short on both 15M and 30M

Current standing for the month....
EUR 15M: -1
EUR 30M: 0 1p
CHF 15M: 1p
CHF 30M: 0
SPX 15M: -1 1p
SPX30M: -1 1p

EUR 15M long

Entered long EUR @ 1.38107