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The week that was:
So I thought I’d start with a quote from the movie “A Good Year” which I viewed over the weekend –

Uncle Henry to Max – “You’ll come to see that a man learns nothing from winning. The act of losing, however, can elicit great wisdom. Not least of which is, uh… how much more enjoyable it is to win. It’s inevitable to lose now and again. The trick is not to make a habit of it.”

This pretty much summed up my FX efforts for the week. Everybody has a losing day from time to time, how you handle these losses is the key. After every losing trade we can sit back and look at how we could have done better. Maybe we make a note to test in our next round of backtesting, or need to change our platform/layout to ensure we are getting all the information we require to make a judged decision. Other times, we simply miss hit the ball and wait for the pitcher to wind up again and  send in the next opportunity for us to hit a home run, as was my case this week.

All up markets are trending along nicely, a little softening now from our recent run up lets us gather our resources & get ready for the next round of signals and opportunities. Nice consistent market conditions, plenty of room to trade, it may be boring but so long as it’s profitable who cares!

FX:
A mixed week with plenty of slow congestion days. Results wise I sucked, managing to pick a few terrible setups that I have methods for avoiding but can be easily missed when not fully in my zone. There were also a few good setups I missed for various reasons, part of the luck of the draw. All up -2.0R for the week, no need to mess with the system though, just part of the game.

Equities:
No new actions, S&P is coming off a little again so just sitting out yet another little retracement for my current positions.

Equity Sectors:
No new setups for the week.

Commodities:
Still sitting in my mid term trade, although it’s holding on so long I may as well start calling it longer term. Trend remains good so no need to mess with it. No new trades for me.

Results:
FX : -2.0R
Equities : R
Equity Sectors : R
Commodities : R

Housekeeping:

The week ahead:
Only a few days left as I’m running a little late again, US jobs Thursday will be an interesting number before we hit NFP next week.

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The week that was:
Well it’s only been a few days since the slightly late post from last week so not much to report. Trading wise no activity while I settled into the new apartment and got back into the flow of the market.

Dow finally hit the 10,000 mark where it really let go during the collapse around one year ago, maybe some resistance here for a few days before we push ahead. The “Red October” fans seem to have been about as accurate as those predicting a bad September, I’ll stick with what the chart tells me to do. Here’s hoping for a x-mas rally!

FX:
No activity, and not much of interest on what I still consider to be a slow congested market for the most part.

Equities:
Still at max heat for the long term system, new mid term system is ready to go.

Equity Sectors:
No actions.

Commodities:
Still holding the one trade, and watching Oil closely as I’m still working out an options system for this instrument to compliment my existing system.

Results:
FX : R
Equities : R
Equity Sectors : R
Commodities : R

Housekeeping:
Tweak old position sizing & tracking spreadsheet for mid term system.

The week ahead:
Good to be settled and getting on with trading for a while! No major news in the way, just play them as they are dealt.

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The week that was:
3 cities, 2 countries, many hotels. Thus I basically haven’t spent any time at all in front of the charts the past few weeks. With my long term heat at maximum and not much to pick from on the FX charts diverting time to catching up with various friends, traders and my trading mentors turned out to be the better use of this time, if somewhat coincidentally.

The big news of the past week was the CME changing how it reports some trades, effecting the E-mini futures contracts and FX futures. For Tick chart traders this means re-defining your chart parameters to get the same sort of market flow that you were previously achieving. I’ve posted a few links to good articles on the forum for those needing more info.

After over 2 months of travel induced interruption it’s good to be back settled into my new KL trading digs in my favored time zone and climate. Time for some distraction free trading!

FX:
I’ve been keeping an eye on the charts the past week when I can and I can’t say I saw much of great interest. No stellar moves, and plenty of congested days that simply gave me no signals at all to even map for testing purposes.

Equities:
No actions, the market is pressing up again now which should start to drag some of my longer term trades up allowing me to move my stops and take some heat off.

Equity Sectors:
No trades as no time to watch them, nothing of great interest though.

Commodities:
Still riding the one mid term trade which has been ongoing for 3-4 months now. Always good to catch a nice trend.

Results:
FX : R
Equities : R
Equity Sectors : R
Commodities : R

Housekeeping:

The week ahead:
We’re already halfway though the trading week as I get to posting this up, so the rest of the week for me will be getting back into my trading pattern and making sure everything is settled for the weeks ahead.

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The week that was:
So I officially have nothing to write about this week. Sometimes inaction is action itself, the S&P has followed through on it’s divergence and softened a little, putting mid term systems in limbo as the move isn’t strong enough to hit stops, and delays buying decisions for me until the next round of setups forms as a result of this current price action. All of which is perfect timing as busy enjoying my last few weeks in Aus before getting back into a period of focused trading, well, conditions permitting.

FX:
No short term trading last week and fairly choppy in the signals that I was mapping. A nice snap out of this pullback could give some nice trend days though.

Equities:
No change to existing positions, just holding steady, stops I place, nothing to do.

Equity Sectors:
No trades running.

Commodities:
Still one position running, no new actions taken.

Results:
FX : R
Equities : R
Equity Sectors : R
Commodities : R

Housekeeping:
Still no stops to move, just the usual grind of system development and testing.

The week ahead:
Interest rates & GDP’s, let’s see what they make of it.