Today's positions

I am tempted to enter with one more lot in EUR/JPY but will try to resist.

Who am I

I have opened live account of $200 with deltastock several years ago and without knowing what exactly I am doing I made $400 profit and shortly after that lost everything.

Occasionally I have been trying several demos for a few days. After I have tried the micro platform of FXCM I liked it very much and the easiness to make money with demo account is well known so I decided to start live.

In October I have opened account with $150 then I made it $240 then I was near to the margin call with less than $50 and now I am around $86 with two long positions in EUR/JPY and CHF/JPY hopefully there will be some $$ to be made.

I have followed the online course for beginners of FXCM and I have learned some very basics.

In the meantime I try to make some scalping - usually successful with EUR/JPY and disastrous with EUR/USD an I feel like I have to trade for sure and this is my main mistake, I recon.

For the time frame 21 October 2008 until 10 February 2009 I have made nearly 350 trades with maybe 500 microlots.

Easy money

Quick dance with her Majesty JPY for just 15 minutes
Total 7 trades +90.6 pips ... I'm feeling good
8411303 6018819512 EUR/JPY 1 B 117.473 117.682 20.9 2.29 0.00 2/10/2009 17:51 2/10/2009 17:52
8410874 6018819512 CHF/JPY 1 B 78.320 78.520 20 2.19 0.00 2/10/2009 17:47 2/10/2009 17:49
8410724 6018819512 EUR/JPY 1 B 117.315 117.514 19.9 2.18 0.00 2/10/2009 17:45 2/10/2009 17:49
8410434 6018819512 EUR/JPY 1 B 117.201 117.400 19.9 2.18 0.00 2/10/2009 17:43 2/10/2009 17:44
8409353 6018819512 EUR/JPY 1 B 117.522 117.662 14 1.53 0.00 2/10/2009 17:36 2/10/2009 17:37
8393306 6018819512 EUR/USD 1 B 1.29869 1.29720 -14.9 -1.49 0.00 2/10/2009 14:06 2/10/2009 15:26
8387034 6018819512 GBP/USD 1 S 1.47938 1.47830 10.8 1.08 0.00 2/10/2009 10:40 2/10/2009 11:03

Awesome link

The daily technical analysis, Mizuho CB is just the type I got good feeling about. Follow the signs, Neo!

What I will do

The article on fxstreet by Nicole Eliott (Mizuho Corporate Bank) confirmed my idea to go long with CHF/JPY somewhere under 78.00 level

Their strategy: Buy at 78.00, adding to 77.00; stop below 75.00. Add to longs on a weekly close above 80.00 to cover between 84.00 and 86.00 and then wait for potential signs of topping.

My strategy: Buy under 78.00 with target 79.00 and stop below 75.00. What about risk-reward ratio? Not important in this case IMHO.

Today's madness

Total 28 trades with 40 mini 1k lots +55 pips

8352957 6018819512 EUR/JPY 2 B 119.502 119.586 8.4 1.83 0.00 2/9/2009 18:43 2/9/2009 18:49
8352870 6018819512 EUR/JPY 2 S 119.667 119.567 10 2.18 0.00 2/9/2009 18:40 2/9/2009 18:42
8352716 6018819512 EUR/JPY 2 B 119.506 119.606 10 2.18 0.00 2/9/2009 18:36 2/9/2009 18:40
8352363 6018819512 EUR/JPY 3 S 119.637 119.592 4.5 1.47 0.00 2/9/2009 18:27 2/9/2009 18:35
8351240 6018819512 EUR/USD 1 B 1.30629 1.30526 -10.3 -1.03 0.00 2/9/2009 17:59 2/9/2009 18:27
8352284 6018819512 EUR/JPY 2 B 119.480 119.580 10 2.18 0.00 2/9/2009 18:25 2/9/2009 18:26
8352194 6018819512 EUR/USD 1 B 1.30500 1.30537 3.7 0.37 0.00 2/9/2009 18:23 2/9/2009 18:23
8351991 6018819512 EUR/JPY 2 S 119.616 119.516 10 2.18 0.00 2/9/2009 18:21 2/9/2009 18:22
8344180 6018819512 EUR/USD 1 S 1.30394 1.30541 -14.7 -1.47 0.00 2/9/2009 16:15 2/9/2009 18:16
8344464 6018819512 EUR/USD 1 S 1.30422 1.30541 -11.9 -1.19 0.00 2/9/2009 16:16 2/9/2009 18:16
8351564 6018819512 EUR/JPY 2 S 119.594 119.494 10 2.19 0.00 2/9/2009 18:09 2/9/2009 18:14
8351346 6018819512 EUR/JPY 2 S 119.594 119.494 10 2.19 0.00 2/9/2009 18:03 2/9/2009 18:06
8343754 6018819512 EUR/CHF 1 B 1.50555 1.50525 -3 -0.26 0.00 2/9/2009 16:06 2/9/2009 16:06
8342494 6018819512 EUR/USD 1 B 1.30679 1.30614 -6.5 -0.65 0.00 2/9/2009 15:46 2/9/2009 16:00
8342416 6018819512 EUR/CHF 1 B 1.50544 1.50595 5.1 0.44 0.00 2/9/2009 15:44 2/9/2009 15:53
8339696 6018819512 EUR/CHF 1 S 1.50637 1.50703 -6.6 -0.57 0.00 2/9/2009 15:09 2/9/2009 15:18
8338639 6018819512 EUR/USD 1 B 1.30226 1.30277 5.1 0.51 0.00 2/9/2009 14:52 2/9/2009 15:00
8335087 6018819512 EUR/USD 1 B 1.29769 1.29820 5.1 0.51 0.00 2/9/2009 13:52 2/9/2009 13:53
8334021 6018819512 EUR/USD 1 S 1.29807 1.29756 5.1 0.51 0.00 2/9/2009 13:30 2/9/2009 13:47
8334128 6018819512 EUR/USD 1 S 1.29888 1.29833 5.5 0.55 0.00 2/9/2009 13:32 2/9/2009 13:37
8332562 6018819512 EUR/USD 2 B 1.29631 1.29648 1.7 0.34 0.00 2/9/2009 12:57 2/9/2009 13:15
8333125 6018819512 EUR/USD 2 B 1.29607 1.29648 4.1 0.82 0.00 2/9/2009 13:11 2/9/2009 13:15
8332770 6018819512 EUR/USD 2 B 1.29574 1.29629 5.5 1.10 0.00 2/9/2009 13:00 2/9/2009 13:02
8332284 6018819512 EUR/USD 1 B 1.29594 1.29674 8 0.80 0.00 2/9/2009 12:49 2/9/2009 12:51
8332018 6018819512 EUR/USD 1 B 1.29595 1.29646 5.1 0.51 0.00 2/9/2009 12:42 2/9/2009 12:44
8331581 6018819512 EUR/USD 1 S 1.29624 1.29603 2.1 0.21 0.00 2/9/2009 12:33 2/9/2009 12:39
8329207 6018819512 USD/CHF 1 B 1.16408 1.16370 -3.8 -0.33 0.00 2/9/2009 11:11 2/9/2009 11:16
8327338 6018819512 EUR/USD 1 S 1.29165 1.29334 -16.9 -1.69 0.00 2/9/2009 10:26 2/9/2009 11:08

The usual disaster today

EUR/GBP hit the stop at 88 but I quit the game before that. Today's disaster:

8232145 6018819512 USD/JPY 1 S 90.974 91.500 -52.6 -5.75 0.00 2/5/2009 17:44 2/5/2009 18:06
8232122 6018819512 USD/JPY 1 S 91.013 91.009 0.4 0.04 0.00 2/5/2009 17:43 2/5/2009 17:44
8230881 6018819512 CHF/JPY 1 S 77.886 78.000 -11.4 -1.27 0.00 2/5/2009 17:28 2/5/2009 17:32
8229495 6018819512 CHF/JPY 1 S 77.673 77.907 -23.4 -2.60 0.00 2/5/2009 17:08 2/5/2009 17:26
8208185 6018819512 CHF/JPY 1 S 77.320 77.450 -13 -1.45 0.00 2/5/2009 10:20 2/5/2009 10:32
8206142 6018819512 CHF/JPY 1 B 76.974 77.105 13.1 1.47 0.00 2/5/2009 09:17 2/5/2009 09:27
Total 6 -86.9 -9.56 0.00

"Begin with the end in mind" is the logo of one just born blog

Very Forex related logo if I can say so:)