I have to apologize for the delay in publishing the index update. I had a problem with my subscribtion of newspapers the analysis of which in needed. I will solve problem today.
I remain
Tuesday, December 4, 2007
Thursday, November 29, 2007
Wednesday, November 28, 2007
MSI for 28.11.2007
The move up is stalling suggesting we should remain neutral and watch the further development on the market.Tuesday, November 27, 2007
Stress and pleasure
I think I have reached the level in foreign exchange market investment when I can say that I enjoy it. I have still worries when my position is going 50 pips down before coming back again but at the end I enjoy the trade and I have constant gains - 7 now in a row. Before restarting my life it was absolutely not clear that I would ever have such results. MSI published on this blog on daily basis is a good additional tool to see where the market sentiment is. Last weeks it was very bullish. Today it has started to become more neutral - it is my impression, exact analysis will come later. But as I said MSI is only an additional tool. I my analysis I am mostly quite technical using one very complicated theory called Market Profile to see exact support and resistance zones and very simple analytical tools to see where market is going. And according to these tools I remain bullish.
I have lot of work to do but first time since years I have time again to enjoy my hard life. I can afford it (in terms of time) to go to some nice restaurant in down town and stay 3 hrs. there speaking about philosophy and not about investment, I can have a good break sitting if front of some nice cafe having a cup of hot tea (very good for such a cold weather). Therefore you will hear more and more about this part of my life in the near future (in case everything goes like I plan it).
As for FX again: I had a good return of 2.2 per cent today on my main account and I think this is very good result.
Now I go back to work. I will be quite late back home today so I do not know whether I can put my MSI tonight on the web. But tomorrow morning it will be for sure there.
All the best.
I have lot of work to do but first time since years I have time again to enjoy my hard life. I can afford it (in terms of time) to go to some nice restaurant in down town and stay 3 hrs. there speaking about philosophy and not about investment, I can have a good break sitting if front of some nice cafe having a cup of hot tea (very good for such a cold weather). Therefore you will hear more and more about this part of my life in the near future (in case everything goes like I plan it).
As for FX again: I had a good return of 2.2 per cent today on my main account and I think this is very good result.
Now I go back to work. I will be quite late back home today so I do not know whether I can put my MSI tonight on the web. But tomorrow morning it will be for sure there.
All the best.
Note
As I have problems with uploading my picturs to the right side of my blog I will put daily updates of the Index on the main page. Next one coming soon
Monday, November 26, 2007
First MSI chart
I am putting today first MSI chart which you can see right of this post. I know it looks a bit strange but this is because it measures only last two days of MSI - price actio relation. Over the time it will become much more like a "normal" chart. To explain it shortly: MSI is going up today and price was range bound last two days. Later I will put it on the right side of this blog bellow Son of Man and will update it on daily basis.
All the best
Sunday, November 25, 2007
Market Speculation Index
As promised in previous posts I am going to put my new index on this blog. I think that the index requires a small explanation what is the idea behind and how it works.
What?: the Media Speculation Index (MSI shortly) is a part of my PhD work - it is something very new and in a testing phase. As I am working in a communication science I use a quite new approach to measure the market sentiment. I am a believer of the theory that the sentiment of buyers and sellers are one of the most important market forces which affects price action almost every minute and on every tick.
I have studied different available sentiment indicators and have found them to be not reliable for the short term (intraday traders). Therefore I was forced to create a new indicator for this exact trading style.
Why Media Speculation?: because this index measures where the sentiment of most important media sources like Wall Street Journal, Financial Times, Economist, Forbes etc and it is based on the assumption that in these media sources are represented expectations, decisions, fears and hopes of most important market players.
What does it measure? In the future this index will be applicable to every currency pair or to every market product but currently I can use it only for EURUSD pair because of limitations in time (I am working alone on this and cannot conduct daily research for many indices).
How does it measure: MSI is based purely on qualitative content analysis.
How to read it: the initial starting point for the index is zero. It can move up or down that means it can go in plus or in minus - that is reach plus 500 pints or more or minus 500 points or less. Minimal rising pint is 0.1 and minimal falling pint is -0.1. It has no up or down limits. MSI can move 100 points up or down in a single day.
Why you need it: MSI is planned to be a price action forecasting tool, it is non lagging indicator.
How to interpret it: for exact methods of interpretation more empirical research is needed. Today I can say this: When MSI moves strongly up price action will be bullish and when it moves strongly down price action is expected to be bearish. If its moves are not strong in comparison with other days then market is expected to be range bound.
I will put first forecasts tomorrow. Please use it as a sentiment took for the market monitoring and not as only tool for the trades. It is very "beta" thing and only in the testing phase. And in this phase lot of unexpected things can occur.
Good night.
What?: the Media Speculation Index (MSI shortly) is a part of my PhD work - it is something very new and in a testing phase. As I am working in a communication science I use a quite new approach to measure the market sentiment. I am a believer of the theory that the sentiment of buyers and sellers are one of the most important market forces which affects price action almost every minute and on every tick.
I have studied different available sentiment indicators and have found them to be not reliable for the short term (intraday traders). Therefore I was forced to create a new indicator for this exact trading style.
Why Media Speculation?: because this index measures where the sentiment of most important media sources like Wall Street Journal, Financial Times, Economist, Forbes etc and it is based on the assumption that in these media sources are represented expectations, decisions, fears and hopes of most important market players.
What does it measure? In the future this index will be applicable to every currency pair or to every market product but currently I can use it only for EURUSD pair because of limitations in time (I am working alone on this and cannot conduct daily research for many indices).
How does it measure: MSI is based purely on qualitative content analysis.
How to read it: the initial starting point for the index is zero. It can move up or down that means it can go in plus or in minus - that is reach plus 500 pints or more or minus 500 points or less. Minimal rising pint is 0.1 and minimal falling pint is -0.1. It has no up or down limits. MSI can move 100 points up or down in a single day.
Why you need it: MSI is planned to be a price action forecasting tool, it is non lagging indicator.
How to interpret it: for exact methods of interpretation more empirical research is needed. Today I can say this: When MSI moves strongly up price action will be bullish and when it moves strongly down price action is expected to be bearish. If its moves are not strong in comparison with other days then market is expected to be range bound.
I will put first forecasts tomorrow. Please use it as a sentiment took for the market monitoring and not as only tool for the trades. It is very "beta" thing and only in the testing phase. And in this phase lot of unexpected things can occur.
Good night.
Weeks summary
In terms of investment this past week was one of the best in my career. It could be even better but I do not complain. All in all I had five trades since coming back to the Forex and all five have had positive return. There was one failure but this was not because of false decision but because my forex platform has failed to close open positions properly. Even calculating this failure I had more than 12 per cent return this week - which is not fantastic but good result.
In terms of my research the week was ok. I was working on my index intensively and have good results. If everything goes as planned I will put the "beta" version of my index next Monday on this blog.
Now there is a time to sleep. Good night!
In terms of my research the week was ok. I was working on my index intensively and have good results. If everything goes as planned I will put the "beta" version of my index next Monday on this blog.
Now there is a time to sleep. Good night!
Friday, November 23, 2007
Best possible return
The best market to trade is illiquid market. The worst market to trade is illiquid market. Believe me, I know, what I am speaking about. It has happened to me I have had great loss because of illiquidity in the market. Today it happened to me I had best possible return. The markets in Japan were closed last day - as you know forex is operating 24 hrs. So illiquidity during Japan session was guaranteed. But since a new start in my trading it is surefire: I fallow blindly my system in any market conditions. So I did last night. In past times I would quit the illiquid market all together but not now. And I had more than 12 percent return in one day (lets say two, I ws holding these positions for two days) on my main account. EURUSD has shortly traded above 1.4950 where my limits were placed.
Now Europeans are coming into the game and they will be more rational than Japanese. I expect a quite impressive correction in the direction of first important support at 1.4850. But the long term USD weakness is still here. So I am seriously considering to enter the market during New York session again and to be long. However, that depends on price action. Let’s see, now I need to relax a bit - now I can afford to relax a bit.
Now Europeans are coming into the game and they will be more rational than Japanese. I expect a quite impressive correction in the direction of first important support at 1.4850. But the long term USD weakness is still here. So I am seriously considering to enter the market during New York session again and to be long. However, that depends on price action. Let’s see, now I need to relax a bit - now I can afford to relax a bit.
Thursday, November 22, 2007
Just in a sentimental mood
I am sitting in the office in down town while writing this post. At the same I am listening to the classical music, quite powerful and fast (no idea what exactly, just something from internet radio) but it does not help me to change my sentimental mood.
The entire day was so constructed that one has to be in a sentimental mood. I discovered that I still cannont understand people living around me and I will remain the foreigner for the entire life if I will stay here. You know why? I was going down to the street to meet friend of my and on the street I saw one girl and I am sure she has noticed me also. The point is we are in the same dancing class and we happen to dance together. Actually she is very friendly in the class but on the street she has ignored me completely. Actually I do not care about this but I am asking myself: why are people here so...they look so sad and so depressed. I cannot understand that. Actually I am in very, very wealthy country where most of the people have everything they need for the good life - everything but not a happiness – not a good personal communication. Even here in my office - I have noticed that we hardly communicate with each other. I often ask myself: why? At the beginning I thought it was me who was not communicating but it is absolutely not true. I am quite communicative man in society where there is a need of communication. But these people can spend entire day without saying a word and just went home to forget another senseless day.
Who cares, my decision is clear: I am what I am and sometimes these people around me can turn me in a sentimental mood´- In a mood where I miss the normal communication. But that is all harm they can cause. Important is to keep going.
Forex market was quite calm today. It hardly moved to some direction. As I have predicted EURUSD has reached the strong support at 1.4830 and was pulled back to the opening price, so I am still long without any gain or loss. I have to return to my home to make a deep market analysis but I am quite positive that I will remain long for the last trading day of this week.
Rest coming tomorrow - wish you better communication then I have had today.
The entire day was so constructed that one has to be in a sentimental mood. I discovered that I still cannont understand people living around me and I will remain the foreigner for the entire life if I will stay here. You know why? I was going down to the street to meet friend of my and on the street I saw one girl and I am sure she has noticed me also. The point is we are in the same dancing class and we happen to dance together. Actually she is very friendly in the class but on the street she has ignored me completely. Actually I do not care about this but I am asking myself: why are people here so...they look so sad and so depressed. I cannot understand that. Actually I am in very, very wealthy country where most of the people have everything they need for the good life - everything but not a happiness – not a good personal communication. Even here in my office - I have noticed that we hardly communicate with each other. I often ask myself: why? At the beginning I thought it was me who was not communicating but it is absolutely not true. I am quite communicative man in society where there is a need of communication. But these people can spend entire day without saying a word and just went home to forget another senseless day.
Who cares, my decision is clear: I am what I am and sometimes these people around me can turn me in a sentimental mood´- In a mood where I miss the normal communication. But that is all harm they can cause. Important is to keep going.
Forex market was quite calm today. It hardly moved to some direction. As I have predicted EURUSD has reached the strong support at 1.4830 and was pulled back to the opening price, so I am still long without any gain or loss. I have to return to my home to make a deep market analysis but I am quite positive that I will remain long for the last trading day of this week.
Rest coming tomorrow - wish you better communication then I have had today.
Bad news and good mental shape
One of h best customers of my told me yesterday he likes to end our partnership because he did not like my quite long break in management of the accounts. That hurts quite hard but I am in a good mental shape and my reaction was actually very calm, so calm that I was surprised by myself. I wrote him a good and large mail why I needed this break and what I intend to do next – actually he must see that the returns since I have started to work are impressive and there is no rational reason for quitting. Yesterday I had 2 per cent return on my account again – so I am motivated to keep going.
Today I remain long in EURUSD acknowledging that like yesterday it can move against me before going up again. Good supports are 1.4830 and 1.4780. Lets see what happens.
At the same I am working on my index which I have promised to publish soon on this blog. I guess I can start publishing starting next week.
That is.
Today I remain long in EURUSD acknowledging that like yesterday it can move against me before going up again. Good supports are 1.4830 and 1.4780. Lets see what happens.
At the same I am working on my index which I have promised to publish soon on this blog. I guess I can start publishing starting next week.
That is.
Tuesday, November 20, 2007
EURUSD - All time high again but still a buy
Well, well, well, while I was taking my dancing class and enjoying a cup of green tea with my very cute dancing partner USD fell to the record low against dollar again. Actually I was expecting this fall and I have good gains on my accounts. About 4 per cent return today. The question is: what should we do now? My trading methodology is strongly supporting the idea that we should continue buying Euro against Dollar. Now I think 1.5000 is quite achievable target. So I go long tonight again.
Currently I am doing a research for the doctor title at one Central European University. It will be no surprise that subject of my research is Central Bank communication and EURUSD price action. I now plan to do the impossible. I am going to introduce a new EURUSD index which is supposed to have a forecasting ability. Actually this index is a part of my trading methodology and I am using it every day. But the problem is my trading methodology exists only in my head. Well, it is not actually a problem. Probably I will never write it down because I want to keep details for myself. Only part of this methodology which I will offer to the audience is this index. The index is based on assumption that daily speculations about the future action of FED are a driving power of EURUSD price and it is measuring that exact speculation strength in order to forecast the future price development. I am planning to publish the index every day on this blog (I mean changes in this index). But some patience is needed as I have to systematize everything. I do not plan to put great details of this index in coming months or so - I like to keep it for myself for a while. However the complete description of this index will be published in my doctor thesis sooner or later - I am willing to make it free for everyone.
Details will fallow in this diary - I am working alone, allow me some time.
I was just looking on my profile and saw 40 visitors. Just wondering, who are you guys? Whoever, my warm greetings.
Currently I am doing a research for the doctor title at one Central European University. It will be no surprise that subject of my research is Central Bank communication and EURUSD price action. I now plan to do the impossible. I am going to introduce a new EURUSD index which is supposed to have a forecasting ability. Actually this index is a part of my trading methodology and I am using it every day. But the problem is my trading methodology exists only in my head. Well, it is not actually a problem. Probably I will never write it down because I want to keep details for myself. Only part of this methodology which I will offer to the audience is this index. The index is based on assumption that daily speculations about the future action of FED are a driving power of EURUSD price and it is measuring that exact speculation strength in order to forecast the future price development. I am planning to publish the index every day on this blog (I mean changes in this index). But some patience is needed as I have to systematize everything. I do not plan to put great details of this index in coming months or so - I like to keep it for myself for a while. However the complete description of this index will be published in my doctor thesis sooner or later - I am willing to make it free for everyone.
Details will fallow in this diary - I am working alone, allow me some time.
I was just looking on my profile and saw 40 visitors. Just wondering, who are you guys? Whoever, my warm greetings.
Sports and the life
I am very tired at the moment of this writing. I was fencing for the three hours in the fencing club first time since three weeks or more. I lost lot of parties and that brought me to the idea: I should do things like my character – I have to fence as I feel it and not like French guys do – because I am not French. So I have changed the strategy my last fights and I was fighting very aggressively – like man of the south. What does it mean like? I am a main of the south. I think my biggest problem is I have spent years in the Central Europe. I was always trying to adjust my character to the character of people living here. It actually never worked. I have to abandon this strategy. You know why? Because as I have returned to my national “roots” I won the fight.
I love sports. I do lot of sport because it is always teaching me what strategy would be better to use in my life. Thanks to sport I have learned that there is a time to attack, there is a time to defend, there is a time to change tactics, there is a time to use your emotions and a time to control them. Last thing I’ve learned is that I have to use the origins of my character to my advantage and not suppress it.
Well let’s see how I will apply this theory to my life starting tomorrow – I will report the progress.
As for forex: I am still in my long trade in EURUSD and waiting for breakout. 1.4660 is a very strong resistance once break occurs it has to go to the levels of 1.4720 without any problem.
I will discuss the forex market next day in greater details – now I need to sleep.
I remain.
I love sports. I do lot of sport because it is always teaching me what strategy would be better to use in my life. Thanks to sport I have learned that there is a time to attack, there is a time to defend, there is a time to change tactics, there is a time to use your emotions and a time to control them. Last thing I’ve learned is that I have to use the origins of my character to my advantage and not suppress it.
Well let’s see how I will apply this theory to my life starting tomorrow – I will report the progress.
As for forex: I am still in my long trade in EURUSD and waiting for breakout. 1.4660 is a very strong resistance once break occurs it has to go to the levels of 1.4720 without any problem.
I will discuss the forex market next day in greater details – now I need to sleep.
I remain.
Saturday, November 17, 2007
Irony of Life or how forex brokers deal with you
Last night I went home from my University office in very good mood. I was working hard whole day and have closed positions in all my accounts in plus. I thought I did. At university office I cannot use java applet that is why I always relay on my web-based forex trading platform. After noticing that USD is struggling to go down through 1.4580 level but is failing I have decided to liquidate all my positions on the level of 1.4590 – herewith generating profit with 6 per cent return this week. I think this is a reason to be in good mood. At midnight I’ve turned on my Laptop and wanted to check how much gain I had exactly: and there was a big surprise – I had quite big unrealized loss in my accounts because positions were still open and moving against me. My broker has not executed my order and I was still in the same trade. Nice, I do not know how that can happen, but that has happened. I will surely report this to the dealer but I am quite positive they will find some good reason to explain me what I did wrongly – despite the fact that I have seen message on my screen that positions were liquidated. Whatever, I am looking for other solutions of this problem – the problem is EUR is a buy for next Monday – that means I am against my trading system in the trade. There are two options to consider: I can hedge the position with other good correlated pair as USDCHF or realize the loss. Second option is painful but less risky. That is why I will take first: I like to take risk and I would not let my broker to be a winner. All in all I must take these orders in plus now.
But life has once again reminded me that it has incredible sense of humor and irony: you are sure you did everything correctly but surprisingly you see that in fact everything went wrong and you have to work hard to correct mistakes you are not fault of. That is ok – it has happened in my life many times and it will happen in the future again - life is life.
I will enjoy my weekend first. I know some great blues bar in the down town where I will go tonight to chill out – but at first I have to do some statistical analysis and find a date – it is not funny to go out without a good date. Will report later whether I have managed that or not.
Take care.
But life has once again reminded me that it has incredible sense of humor and irony: you are sure you did everything correctly but surprisingly you see that in fact everything went wrong and you have to work hard to correct mistakes you are not fault of. That is ok – it has happened in my life many times and it will happen in the future again - life is life.
I will enjoy my weekend first. I know some great blues bar in the down town where I will go tonight to chill out – but at first I have to do some statistical analysis and find a date – it is not funny to go out without a good date. Will report later whether I have managed that or not.
Take care.
Friday, November 16, 2007
Forex Signals - Worth to buy?
First time since months I have decided to go short in EURUSD - this is actually only pair I trade on regular basis. I am in insignificant plus right now but still will keep my positions open.
By the way: second key to the forex market is patience. Sometimes you can earn a fortune in Forex in several minutes (I assume you are news trading) but sometimes you need days, weeks or even months to come to your money. It is up to you which trading style better suits to you.
Today I was thinking about forex signal providers. I tried lot of them and I would like to share my experience with them.
First question which has to be answered is: why and when are we buying or using such signals? 1. When we have no experience in forex market 2. When we are failing to generate income. That is ok. I used to use forex signal providers for both of the cases.
Now second question: Who and why sells forex signals what are reasons behind? Well answer on this question is quite difficult. I cannot understand why should I bother and sell signals writingSMS and mails everyday when I have some methodology which helps me to push a button and earn 3000 pips monthly? When this is true, I must be so incredible rich in coming months that I do not need to sell signals for additional money. That is why I have decided to never buy any signals ever in the future. Before I came to this logical decision I tried some signals - I would not name these companies here because what is not working for me can work for someone else - but biggest losses of my life were generated while using their service. None of them has generated some profit.
But it is not whole story. There are signals which are free. There are lot of people or group of people which are providing such "service." I’ve tried them also. Imagine: they are much more better then paid services. Why? It is logical: these people have a good trading methodology which works for them and they would like to share it. Like me - I like to share my experience with everyone.
The best free signal provider I have ever seen on the net is Cindy. I do not know her full name and I do not remember her Web Address but if you Google Cindy and Forex you will find her easily. She is very good but nothing for me. Because her signals are swing signals. That means she can hold positions for weeks and go in 300 - 400 pips minus. I am a person who likes to see what he or she has right now. I open positions today and like to close positions today does not matter with loss or gain. But I still encourage everyone to take a look at Cindy’s web site. Even if you do not use her signals you still can gain a good experience.
As for other free signals: as said, there are a lot. Just Google them and take a look on their performance. Mainly they are very honest as they do not need to sell anything.
That is all for today. See you again in coming days.
By the way: second key to the forex market is patience. Sometimes you can earn a fortune in Forex in several minutes (I assume you are news trading) but sometimes you need days, weeks or even months to come to your money. It is up to you which trading style better suits to you.
Today I was thinking about forex signal providers. I tried lot of them and I would like to share my experience with them.
First question which has to be answered is: why and when are we buying or using such signals? 1. When we have no experience in forex market 2. When we are failing to generate income. That is ok. I used to use forex signal providers for both of the cases.
Now second question: Who and why sells forex signals what are reasons behind? Well answer on this question is quite difficult. I cannot understand why should I bother and sell signals writingSMS and mails everyday when I have some methodology which helps me to push a button and earn 3000 pips monthly? When this is true, I must be so incredible rich in coming months that I do not need to sell signals for additional money. That is why I have decided to never buy any signals ever in the future. Before I came to this logical decision I tried some signals - I would not name these companies here because what is not working for me can work for someone else - but biggest losses of my life were generated while using their service. None of them has generated some profit.
But it is not whole story. There are signals which are free. There are lot of people or group of people which are providing such "service." I’ve tried them also. Imagine: they are much more better then paid services. Why? It is logical: these people have a good trading methodology which works for them and they would like to share it. Like me - I like to share my experience with everyone.
The best free signal provider I have ever seen on the net is Cindy. I do not know her full name and I do not remember her Web Address but if you Google Cindy and Forex you will find her easily. She is very good but nothing for me. Because her signals are swing signals. That means she can hold positions for weeks and go in 300 - 400 pips minus. I am a person who likes to see what he or she has right now. I open positions today and like to close positions today does not matter with loss or gain. But I still encourage everyone to take a look at Cindy’s web site. Even if you do not use her signals you still can gain a good experience.
As for other free signals: as said, there are a lot. Just Google them and take a look on their performance. Mainly they are very honest as they do not need to sell anything.
That is all for today. See you again in coming days.
Thursday, November 15, 2007
Back to the life - I mean this blog
I do not know why this blogs surface is communicating with me in German. Actually I speak German but I still would like to see it in English. Whatever. I am back. I have revised my life once again and I needed some break.
I have no idea whether someone is reading this blog or not but I do not care. I like to have it as my diary. I will read it later.
Since last post (quite a time ago) I have decided not to place my signals here as I cannot generate any concrete signals any more. I have started simplest ever trading with forex last night and it cannot have signals in its usual terms. Results for this day are very impressive. 4.5 percent return in several hrs. on my main account. I hope it will continue like this in the future. Actually I am sure that it will continue like this in the future because what I am doing is quite logical.
I have detected that in forex market it is very important to find the underlying logic. The logic is very simple and that is why it is very difficult for many to find it. I was using very complex trading method for this market for years and thinking the more complex the method the higher return. For me the opposite is true. Simplest trading methodology gave me best return jet.
It is amazing to fallow the path of my trading development: I have started it very simple (I actually bought signals - do not do this EVER!), after disappointment I have started to trade by myself and had good performance all in all. With the time my trades have turned to be very, very complex with lot of modelling and my performance was decreasing. At the end I was unable to generate any profits, because I lost trust in myself. I couldn’t understand the market any more. It was frustrating. That helped me to move back to the simplicity. The market forced me. Now I am back to the simplest method ever and I feel myself satisfied.
To remember: to be successful you need several keys to the market: the first is simplicity. the rest will fallow in next post.
O yes, actually I have decided to improve my dancing skills. I really enjoy it.
I have no idea whether someone is reading this blog or not but I do not care. I like to have it as my diary. I will read it later.
Since last post (quite a time ago) I have decided not to place my signals here as I cannot generate any concrete signals any more. I have started simplest ever trading with forex last night and it cannot have signals in its usual terms. Results for this day are very impressive. 4.5 percent return in several hrs. on my main account. I hope it will continue like this in the future. Actually I am sure that it will continue like this in the future because what I am doing is quite logical.
I have detected that in forex market it is very important to find the underlying logic. The logic is very simple and that is why it is very difficult for many to find it. I was using very complex trading method for this market for years and thinking the more complex the method the higher return. For me the opposite is true. Simplest trading methodology gave me best return jet.
It is amazing to fallow the path of my trading development: I have started it very simple (I actually bought signals - do not do this EVER!), after disappointment I have started to trade by myself and had good performance all in all. With the time my trades have turned to be very, very complex with lot of modelling and my performance was decreasing. At the end I was unable to generate any profits, because I lost trust in myself. I couldn’t understand the market any more. It was frustrating. That helped me to move back to the simplicity. The market forced me. Now I am back to the simplest method ever and I feel myself satisfied.
To remember: to be successful you need several keys to the market: the first is simplicity. the rest will fallow in next post.
O yes, actually I have decided to improve my dancing skills. I really enjoy it.
Tuesday, September 25, 2007
Mission Accomplished
First let me review our first trading day. Our order was triggered in New York session but there was not a real fallow thought. At the end of the day that is 23:00 CET I have manually closed positions in plus of 6 pips. Well that is actually not ROI 2 percent but it is still a positive result.
Here is shortly the trading summary:
This day return: 6 pips; 1.2 ROI
This week return: 6 pips; 1.2 ROI
This Month return: 6 pips; 1.2 ROI
Total: 6 pips; 1.2 ROI
Here is a new signal for you, pending order as usual:
Sell EURUSD at 1.4089; Limit: 1.4079; Stop 1.4109
Remember orders are pending till the end of the day. If order is triggered but neither limit nor stop is hit close orders manually at 23:00 CET at market price.
All the best.
Here is shortly the trading summary:
This day return: 6 pips; 1.2 ROI
This week return: 6 pips; 1.2 ROI
This Month return: 6 pips; 1.2 ROI
Total: 6 pips; 1.2 ROI
Here is a new signal for you, pending order as usual:
Sell EURUSD at 1.4089; Limit: 1.4079; Stop 1.4109
Remember orders are pending till the end of the day. If order is triggered but neither limit nor stop is hit close orders manually at 23:00 CET at market price.
All the best.
Monday, September 24, 2007
ROI Calculation
While I am writing this post my pending order remains active and it will remain so till the end of the day. I would like to introduce here the calculation method for these signals: like lot of investors do, I will calculate how much pips has the system earned and second I will introduce an imaginable account with the amount of 1000 US Dollar and will calculate how much gain/loss has the trading method which is using ROI generated.
I am very excited about this experiment. Hope some of you will fallow it.
I am very excited about this experiment. Hope some of you will fallow it.
First Signal - EURUSD Buy
Here is my first signal:
EURUSD - Buy at 1.4080; Limit 1.4090; Stop 1.4060.
I will report results in next post.
Good luck and trade!
EURUSD - Buy at 1.4080; Limit 1.4090; Stop 1.4060.
I will report results in next post.
Good luck and trade!
Sunday, September 23, 2007
Investment Philosophy
Did you know that you need only one guaranteed pips sometime in the future in order to become rich? Sure, that s all I need also. When I would be sure that there is in the future a moment where the price will move from one point to another without any risk I would take it and after play golf. Unfortunately there is no such thing as guaranteed outcome in the future.
But certainly what I need for a good income is not 5000 pips per week but 100 or even less. Many will ask, how one can become rich with 100 pips or less per week. Let me answer you: the secret is in ROI. If you do not know, what ROI is, please go and study this subject before you ever start to invest in the futures market.
When I am entering the market, my goal is to take ROI 2 percent – sometimes even one. Consider that you are entering the market the whole month and you have only gained 10 pips because everything went against you in this month. What is the outcome of these bad events on your account when you have gained only 10 poor pips in your trades? The answer is easy – 2 percent on your account because you were always entering the market with a ROI 2. You are still the best.
Using this strategy I have generated about 11 present of income on my account last week. And I am happy with that result.
Shortly what I like to say is fallowing: while using my signals, plan you trade very well. Always consider what is your goal while entering market, how much money should your risk for that and what is your daily target.
Once again: I will put only one signal per day, between 00:00 and 00:30 CET. It will be a pending order. When you enter late please be careful that we are in minus – when signal gained even 1 pips in our favor do not enter the market. When stop loss or limit is triggered do not repeat the move. There will be another day to trade.
Ok. That is all for now. We have beautiful Sunday morning in Central Europe. I will go and relax for today.
But certainly what I need for a good income is not 5000 pips per week but 100 or even less. Many will ask, how one can become rich with 100 pips or less per week. Let me answer you: the secret is in ROI. If you do not know, what ROI is, please go and study this subject before you ever start to invest in the futures market.
When I am entering the market, my goal is to take ROI 2 percent – sometimes even one. Consider that you are entering the market the whole month and you have only gained 10 pips because everything went against you in this month. What is the outcome of these bad events on your account when you have gained only 10 poor pips in your trades? The answer is easy – 2 percent on your account because you were always entering the market with a ROI 2. You are still the best.
Using this strategy I have generated about 11 present of income on my account last week. And I am happy with that result.
Shortly what I like to say is fallowing: while using my signals, plan you trade very well. Always consider what is your goal while entering market, how much money should your risk for that and what is your daily target.
Once again: I will put only one signal per day, between 00:00 and 00:30 CET. It will be a pending order. When you enter late please be careful that we are in minus – when signal gained even 1 pips in our favor do not enter the market. When stop loss or limit is triggered do not repeat the move. There will be another day to trade.
Ok. That is all for now. We have beautiful Sunday morning in Central Europe. I will go and relax for today.
Friday, September 21, 2007
Revelation as the Beginning
I do remember the exact time. It was several days ago, I was sitting in my living room in front of TV watching some silly movie. I was desperate; I was often desperate in my life, especially these last two years. I do not remember what I was watching. I was tired of work, tired of thinking and calculating, too desperate to sleep and therefore watching TV – did not care much what exactly.
I was asking the God for many times for this moment and did not hope any more it will come anytime in the future because God was delaying his response and ignored my begging. Well actually I am quite an agnostic and it is not correct to say I was begging to the God. I was begging whatever there exists to help me. There was no help.
I knew at the beginning it will come. I knew when I have chosen the way of my life that it will be desperately difficult to go this way which I am going now. I was prepared for that but still surprised everyday how hard it can be. If you put me seven or eight years back in my life and ask whether I will go the same way or will make something different I would make the same choice knowing that it will be hard.
I am a man on the quest. I love challenge and think that biggest challenge we have in the life is our own life and at the end we will be defeated, even strongest of us will be defeated and the name of the winner will be death or life – I do not care, I think they are the same. In this game the important thing is not whether we win or not (because we cannot win apriori) but how we will be defeated.
In terms of coming defeat or death which is inevitable our life does not make any sense. Everything we create will be lost at the end for us because we will die. So why all these efforts? That was the question I was asking myself eight years ago. I had only one answer: because to live and create makes lot of fun and it is interesting. Next question I have asked myself was: what should I create? I could go every way because at the beginning I had nothing. I have chosen to go on the quest for three things: 1. for the career in the science – because it provides best source of information which I can use as a tool in achieving success and it is very challenging to get a Nobel price. 2. To have money – lot of money. Actually I am not interested in money itself, but it is very challenging to find methods how one can get rich. 3. To find a true love. I think love is what really matters in life. With love I mean here a love between man and woman and love of a whole humanity. Don’t ask me why I think so. I do not have an answer on this question. I just have a feeling it matters very much.
In these eight years life has proven for many times how hard it can be to achieve tasks planned. I am far away from my Nobel price. I have invested and lost, I was rejected and I have rejected, I have lost loved people.
Back to the revelation. Last two years the main quest of my life was quest for the money. At this time I have discovered futures particularly Foreign Exchange Market. This blog will be interesting mainly for the people who are looking for the methods of trading this market. For two years I am a manager of several investment accounts and had moderate success (as almost everyone on this market, when we are successful this success is moderate). But during the whole time I was education myself everywhere I could get information somehow related to this market, spending lot of money in baying signals and looking for good trading systems. I tried nearby everything I could find. Let me make one statement in which I believe completely: THEY HAVE NO IDEA AND THOSE WHO HAVE DO NOT SPEAK. With trading systems created by myself I had more success than with Guru books I have paid lot of money for. I have lost money fallowing “best available” signals on the market. As said, I was moderate but I was looking for something else. This market seemed so easy to trade but I still always get caught like a silly child. I have spent sleepless night looking for my “holy grail”. I have read everywhere that there is nothing like this. I still believe there is one or there are more kept in great secrecy. Let me explain what I mean with “holy grail”. For me that is a trading method which will give me an constant low risk income of 10 pips every day – I am not greedy, and I knew, when I have it, I am rich. But I didn’t have it. In all my trades there was always huge risk which was not allowing me to risk sufficient amount of money and get rich because there was always some risk to get poor and lost all investment while paying.
Even several days ago, I was desperate. I had lost my clue to this market. The more I was investigating the more my logic was telling me I have to quit, I have to accept my defeat and quit. But I am from the country where real men never give up, they better day. So I was desperate but didn’t quit.
Several days ago at 22:24, in front of my TV I found the solution for this problem. Unexpectedly I had my 10 pips per day without much effort, without much risk. No it was not a voice coming from the heaven or some far away galaxy. It was something in my brain – some channel opened and told me to look at everything much simplified then I ever did.
No it is not a system which is producing gains every day, it will have losses but controlled and tight losses. I have excessively tested it and it was what I needed. I am on the way to my wealth, most important stage of the task is achieved.
But why am I writing all this to you? Because of love. I know there are lots of people looking for methods which work. I know it is hard to find them and I think humans must help each other. Therefore I like to share. I will put my 10 pips signals everyday between 00:15 and 00:30 on this blog, you can ignore it or use it, this will have the form of the diary. I will share with you my success and failure remaining quite anonymous here. Signals will be only for EURUSD starting on Sunday night. I will share with you my investment philosophy in next blog and you can decide whether it is suitable for you or not.
Wish you all the best!
You have probably already noted that English is not my native language – Shakespeare forgive me – I am a man of the South! – But it has somehow charming don’t you agree?
I was asking the God for many times for this moment and did not hope any more it will come anytime in the future because God was delaying his response and ignored my begging. Well actually I am quite an agnostic and it is not correct to say I was begging to the God. I was begging whatever there exists to help me. There was no help.
I knew at the beginning it will come. I knew when I have chosen the way of my life that it will be desperately difficult to go this way which I am going now. I was prepared for that but still surprised everyday how hard it can be. If you put me seven or eight years back in my life and ask whether I will go the same way or will make something different I would make the same choice knowing that it will be hard.
I am a man on the quest. I love challenge and think that biggest challenge we have in the life is our own life and at the end we will be defeated, even strongest of us will be defeated and the name of the winner will be death or life – I do not care, I think they are the same. In this game the important thing is not whether we win or not (because we cannot win apriori) but how we will be defeated.
In terms of coming defeat or death which is inevitable our life does not make any sense. Everything we create will be lost at the end for us because we will die. So why all these efforts? That was the question I was asking myself eight years ago. I had only one answer: because to live and create makes lot of fun and it is interesting. Next question I have asked myself was: what should I create? I could go every way because at the beginning I had nothing. I have chosen to go on the quest for three things: 1. for the career in the science – because it provides best source of information which I can use as a tool in achieving success and it is very challenging to get a Nobel price. 2. To have money – lot of money. Actually I am not interested in money itself, but it is very challenging to find methods how one can get rich. 3. To find a true love. I think love is what really matters in life. With love I mean here a love between man and woman and love of a whole humanity. Don’t ask me why I think so. I do not have an answer on this question. I just have a feeling it matters very much.
In these eight years life has proven for many times how hard it can be to achieve tasks planned. I am far away from my Nobel price. I have invested and lost, I was rejected and I have rejected, I have lost loved people.
Back to the revelation. Last two years the main quest of my life was quest for the money. At this time I have discovered futures particularly Foreign Exchange Market. This blog will be interesting mainly for the people who are looking for the methods of trading this market. For two years I am a manager of several investment accounts and had moderate success (as almost everyone on this market, when we are successful this success is moderate). But during the whole time I was education myself everywhere I could get information somehow related to this market, spending lot of money in baying signals and looking for good trading systems. I tried nearby everything I could find. Let me make one statement in which I believe completely: THEY HAVE NO IDEA AND THOSE WHO HAVE DO NOT SPEAK. With trading systems created by myself I had more success than with Guru books I have paid lot of money for. I have lost money fallowing “best available” signals on the market. As said, I was moderate but I was looking for something else. This market seemed so easy to trade but I still always get caught like a silly child. I have spent sleepless night looking for my “holy grail”. I have read everywhere that there is nothing like this. I still believe there is one or there are more kept in great secrecy. Let me explain what I mean with “holy grail”. For me that is a trading method which will give me an constant low risk income of 10 pips every day – I am not greedy, and I knew, when I have it, I am rich. But I didn’t have it. In all my trades there was always huge risk which was not allowing me to risk sufficient amount of money and get rich because there was always some risk to get poor and lost all investment while paying.
Even several days ago, I was desperate. I had lost my clue to this market. The more I was investigating the more my logic was telling me I have to quit, I have to accept my defeat and quit. But I am from the country where real men never give up, they better day. So I was desperate but didn’t quit.
Several days ago at 22:24, in front of my TV I found the solution for this problem. Unexpectedly I had my 10 pips per day without much effort, without much risk. No it was not a voice coming from the heaven or some far away galaxy. It was something in my brain – some channel opened and told me to look at everything much simplified then I ever did.
No it is not a system which is producing gains every day, it will have losses but controlled and tight losses. I have excessively tested it and it was what I needed. I am on the way to my wealth, most important stage of the task is achieved.
But why am I writing all this to you? Because of love. I know there are lots of people looking for methods which work. I know it is hard to find them and I think humans must help each other. Therefore I like to share. I will put my 10 pips signals everyday between 00:15 and 00:30 on this blog, you can ignore it or use it, this will have the form of the diary. I will share with you my success and failure remaining quite anonymous here. Signals will be only for EURUSD starting on Sunday night. I will share with you my investment philosophy in next blog and you can decide whether it is suitable for you or not.
Wish you all the best!
You have probably already noted that English is not my native language – Shakespeare forgive me – I am a man of the South! – But it has somehow charming don’t you agree?
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