AUD USD Long 6, in the heat of the night 2

Can you hold on if you were in that triangle?? You ca only do that if you have a lot og green behind you. That is what trend following discipline is all about

AUD USD Long 6, in the heat of the night

From My Diary Posted April 23rd.

 

Not Bad at all.

PX from 17,74 to17.80 :-)

LCB 0.72 to 0.77 :-)

HLCM 13.0 to12.76  :-(

LPZ 5.82 to 6.40 :-)

CEB 79.95 to 84.00 :-)

GER 2.24 to 2.15 :-(

VLL 3.07 to 3.16 :-)

The best thing about the above pick, LCB, CEB, LPZ rallied hard and obviously no hyping. :-)

http://tracer-tracer.blogspot.com/2011/04/from-my-diary.html

AUD USD Long 5

Having your own blog and trading with FX is nice, at least my critics cannot accused of hyping and jockeying up the price, the price went up, because that is what the price is saying, not me saying where the price should go.

 Simply pure price action is the name of the game, nothing more nothing less.

EUR JPY Long

This could be an interesting breakout

AUD USD Long 4

Pre opening 27th April

All picks including FX  up,could you ask for more?

AUD USD Long

AUD USD Long Take 3

This is why FX is good for beginners, I was whipped in my re-entry at 1.074 , it was making lower lows and lower highs after that, I have exit it with a loss, because that was the trend at that time, have re-entered again as soon as it made new highs. I will not hesitate to exit if it falls again and probably take a rest from FX trading,  it means I am out of sync in FX.

There is also the psychological problem here. You keep on coming back for more which is unhealthy. You feel like you are superman after your right calls,

There's a theory in psychology called the intermittent reinforcement. It says that if an animal gets what it wants, even in a small percentage of cases, it will keep coming back for more:  Stan Weinsteins  Secrets to Profiting in a Bull and Bear Market.

In many ways, large profits are even more insidious than large losses in terms of emotional destabilization.

I think it's important not to be emotionally attached to large profits. I've certainly made some of my worst trades after long periods of winning. When you're on a big winning streak, there's a temptation to think that you're doing something special, which will allow you to continue to propel yourself upward. You start to think that you can afford to make shoddy decisions. You can imagine what happens next. As a general rule, losses make you strong and profits make you weak. William Eckhardt – Market Wizard

Diary 2

Screens shots from my Diary. Prior opening, A normal correction day. That is why it is very important to pick a stock with a strong trend, in case of minor correction,it is the least affected and sometimes is the first to rally and market is bullish.

26th April What A Nice Day

reviewing Monday's price action, what a lucky day.

Banks and Property

 Before Holy Week April 16, I mentioned property and bank is the next, it would be interesting to look at how they performed today after Holy Week.

http://www.financemanila.net/forum/viewtopic.php?f=1&t=291&start=1963

 by tracer » Sat Apr 16, 2011 4:35 am

Looks like there is a shift from power to property and banks. Kaso, Holy week, so i do not expect much activity. It is really tempting to add more the way it closed yesterday. "

From March 1 to todays closed--------April 15 (friday) to todays closed

BDO  47.7 to 54.9 = 13.3%-----------3.3%

PNB  46.0 to 65.9 = 30.2%-----------4.4%

SECB 78.25 to 95.5= 18.1%----------4.2%

MBT 59.3 TO 70.5 = 15.9%----------3.0%

FLI 1.08 TO 1.35 = 20%--------------6.7%

MEG 2.14 TO 2.48 = 13.7%----------6.5%

SMDC 7.06 TO 9.1 = 22.4%---------0.7%

VLL 2.49 TO 3.13 = 20.4%----------2.6%

"Those who plot data by hand often develop a physical feel for prices." A. Elder

From my Diary

 

Not a bad start for the week. Price from last friday's closed

AUD USD Long

n

After selling all my FX position due to long weekend, entered again. How greedy can we be? 

after 1.04 to 1.07 run,  still buying,  An example of no fear trading. Why Because, I strictly follow my rules and I know when to sell before entering a position.

Week 17th

Looks like a nice week ahead of us, lots of stock waiting to take off. Problem is which one.
 :-)
 PNB and DMC is only a case study, the green signal for PNB appeared last 28March for 6 straight days and DMC from 14th April to 20th. As I mentioned below, will not give LIVE green signals anymore nor hype my picks. Anyway, looks like a bull market, you have to pause and analyze if you are still stuck.

Case Study PNB

If you were able to buy PNB at breakout area, will you not sell when it is making lower low?

Trend following case study

 

If you were able to enter at 2 pesos to 47 run, then I will not sell my holdings like Buffet. I will just wait for dividends if any and probably live happily ever after. 

How can I follow that trend from 9 to 45. If you follow the Livermore theory, you cannot, you have to exit from the 40 to 30 drop, otherwise you are stucked for 4 months. You have to follow your rules.

As per Livermore, you must not fail to re-enter if it makes new high. So, that is 42 last April 14.

Link below was my hyping of DMC from 9 pesos up.
http://www.financemanila.net/forum/viewtopic.php?f=1&t=278&start=871

17th Week The Week Ahead

Was a good week last week, with nice FX profits ( sold all my FX positions)

Last week of April, got a timely positions in mining.

Been a long time since I last publish my green signals, anyway thanks for those browsing my blog even though I have not posted much.

I will not post "LIVE" green signals, since some critics thinks that my calls zooms because of my hyping.( I made another blog @ wordpress last week and it would be just my secret blog, and lucky for those who accidentally read it last week ( 7 hits only ) Please do not ask the name of the site, it is my diary)

I also stop posting in specific threads in FM, since I am carried away by posters and reverse my positions and got off balance. So, paid a high tuition fee for it and just move on. It was a good learning experienced.

Anyway, looks like another rally next week, great looking charts.

Long AUD USD 3

Added more positions, money never sleeps

Long AUD USD 2

One good thing about trend following, waiting time is almost non existent. Unlike buying dips, you cannot  predict how far it will go down and when it finds bottom, it can be sideways for ages (feeling).

Have sold all my EUR USD, because of resistance, AUD USD is making new highs and faster.

When it makes new high, only happy investors are in and all miserable losers are out.

"I believe that far more money is made buying high and selling at even higher prices. That means buying stocks that have already had good moves and have high relative strength-that is, stocks in demand by other investors. "Richard Driehaus. Market Wizard

Long AUD USD

The Blue arrows are my entry points.

FX

few months back,I posted this, riding the entire trend.

http://tracer-tracer.blogspot.com/2011/01/eur-usd-long-again.html

now I am out