I'm out with 10 pips gain :( tomorrow's lunch money.

GBP/JPY key level is now at 212.80, once its broken with valid confirmation from my signals, it will be a big move up in my books. Will keep a close watch and see if I can make some tomorrow morning.

This trade is open long at 212.07. I left a 40pips stop loss in place. As I'm typing here the trade suddenly shot off in my directions reading at a high of 55pips or so. I had shifted my stop loss to breakeven. Technically this trade is a free trade now. I'll take some profits and let the rest break 212.80. If price is above this level from 5am Singapore time onwards, I would probably be entering another lot to ride this wave for more profits.

Last thur I missed a 480pips mover... shit... Trading platform was not functioning well and I can't login to take the trade. #$%&##$% But its ok, more chances around the corner. 2008 is a difficult year to tackle. Stock market is losing ground, market direction is uncertain. Then again forex is a land of opportunity to grab some money.

Cheerz
David

Nice open, within 45mins I hit my 105 pips target. I close 0.50 lots and let the rest ride to my target or stop out from my 100pips trailing stoploss. Lets see how it goes.

Folks with me should have $480usd for 0.50 lots close hot in your pocket. Its ok if you closed everything for 100pips. Its good profit! 45mins $1k! Money mgmt is the key to success.

First trade open for the year. GBP/JPY long. This trade is open long at 211.12 stoploss 210.60 Target will be at 214.62, around 340 pips. First TP is at 212.12 for 100pips gain and let the rest ride. Patience = Profits.

The trade I closed with 300 over pips is attached and shown above. Its about $2500usd 1 full lot.
Total close is about $4000usd.. not bad for 3 days work. End the year with a winning trade is a good close. Total for the month is about 600pips $6k for a full lot trade. Could have more but I dare not enter near the year end as its risky with less volume in play. A win is a win, we will plenty of opportunities around the corner next year. Even after we move on to the other side, the market will still be available for harvesting.

Year 2008
This year no trade was taken yet. The market direction in my books are not set. I'll be waiting patiently for the right trade to appear. Trade for money and not trade for trade. Will update along the way. Hope this year is as good as 2007. Lets make some money!!!!