Very volatile day. Action was again fast and furious during the US session. Just when the DOW’s rally seemed to fizzle out, it suddenly started to power ahead and up more than 200 points. JPY and USD weakened against other majors as a result. Almost used up existing margin just before the reversal came. Leaving some long EUR and GBP positions against the JPY overnight to ‘let the profit run’.
Feb
08
Account balance up due to some recovery in the EUR and GBP against JPY and USD. No silver or gold holdings currently.
Feb
05
Price movements getting faster and furious, especially among the JPY pairs. Escaped with a gain towards end of trading. Left with some outstanding positions over the weekend.
Feb
05
AUD and EUR continued to plunge against USD and JPY. Long AUD/USD and EUR/USD positions saved by 400 pip plunge in the GBP/JPY.
Feb
03
Account went into negative territory towards end of trading day as the USD and JPY reversed earlier losses against other major currency pairs. ECB and BOE interest rate decisions tomorrow. Long 1 oz of silver at $16.60.
Feb
02
Another positive day. Was up more than $20 until the announcement of RBA leaving rates unchanged. AUD/USD plunged more than 100 pips before recovering about half its losses towards the end of US trading.
Feb
01
A good start to the month. Day characterised by AUD strength and JPY weakness. Gold and silver prices rose after days of decline.
After some profit taking, still holding on to some outstanding long AUD/USD, GBP/JPY and EUR/USD positions. No gold and silver holdings currently.
Jan
29
EUR/CHF saved the day ! UP 100 pips within minutes. Smells of central bank intervention. A volatile day with the AUD and EUR weakening against the USD.
Overall profit for Jan 2010 is $82 ( 41% ), $38 short of my target of $120 ( 60% ).
Jan
28
Closed all outstanding positions earlier in the day to focus on scalping EUR/CHF. Seem like a wrong decision initially as silver continued to rise and JPY pairs continued their decline, which would have increased my account balance further. Turned out to be a blessing in disguise as JPY strengthened and silver weakened quite substantially later in the day in tandem with the decline in the DOW. Took that opportunity to buy back those pairs that I had sold earlier, such as GBP/JPY, EUR/JPY and CHF/JPY. Account ended the day only slightly negative. 1 more trading day before the end of the month.
Jan
27
Another highly volatile day with fast movements. Traded almost every minute. More than 280 transactions in all. Account down to negative several times with margin level below 0. Fortunately, recovered with biggest gain ( second highest gain in percentage terms ) of the month at the end of the day. Could have been more if all my short CHF positions were not closed too early. Left with 2 trading days to make a profit of at least $50 in order to achieve January’s profit target. Silver holdings increased to 40 oz.
