2nd last day prior to venture relaunch

1805 : Trying to earn as much as possible before setting aside $50 for venture relaunch from 1 Sep 2010. Just started to short JPY again after taking profit on all short JPY positions in the morning. Currently all newly initiated short JPY positions ( long USD/JPY, long EUR/JPY ) in the red.

Relaunch

This venture will be relaunched with starting capital of US$50 from 1 September 2010, after withdrawal of fund. Trading performance will be automatically generated by Google Docs. Due to the provision of a separate private blog for some associates, previous postings in this blog will not be deleted as previously mentioned and things will remain unchanged. In summary, this will be my informal blog while the new private blog will solely reflect trade details.

Modifications made to current tactic due to lesser time spent in front of the trading screen. Look forward to Monday's performance.
( Edited 2100 29 Aug )

Day 41 : + 15.09%

2000 : Attempted to repair laptop screen the whole day. Bought replacement part but issue seem to lie with the whole screen attachment unit. Using old bulky monitor as laptop screen now. No additional trades done yet.
2325 : Unrealised overall gain >

Day 40 : + 2.56%

1845 : Made first ever AUD/CAD trades today. Today's theme was to short AUD/CAD and long EUR/GBP. JPY strengthening again after plunging in the morning Asian session. On profit running and profit taking mode in the morning but unrealized gain became unrealized loss with the strengthening JPY.
1950 : EUR and GBP continues to weaken against the JPY and CHF. Fortunately, some long positions were sold off in the morning.
2130 : Back to unrealized gain.

Upcoming Changes
Will be having 10 hours less per day devoted to trading from September as this blog author's services are needed as a full time employee. Tactical orders from then on will be submitted prior to market opening. Trading mission will remain unchanged. Watch out Carlos and Bill. I'm still going after your no. 1 and no. 2 titles respectively.

Day 39 : + 4.63%

1805 : Exciting day as the JPY pairs went on extreme roller coaster ride. Traded EUR/JPY, GBP/JPY, EUR/CHF, USD/CHF and GBP/CHF.
2300 : Simply buying on dips and selling on rallies today for the above mentioned pairs. Holding small outstanding positions overnight.

Day 38 : + 2.12%

2225 : Just back in office. Missed all the day's actions. Scanning for suitable trades now.
0740 : Woke up to close overnight short EUR/JPY positions.

Day 37 : - 6.41%

0250 : Took profit on partial AUD/USD short at 88.60.
0340 : Current AUD/USD quote at bid of 0.8861 and offer of 0.8881. Further strength in JPY. EUR/JPY at 108.64 bid and 108.74 offer. ( still at weekend spread prior to Australian opening in about 2 hours time )
0505 : Took profit on remaining short AUD/USD positions at 0.8871.
1255 : Took profit on silver longs at $18.07.
2020 : Long some silver again, at average price of $17.95
2140 : Took profit on all silver longs at $18.00.
0110 : Day ended with 3rd consecutive loss.

Weekend Trade - AUD/USD

Sold some AUD/USD at bid rate of 89.23, selling more at higher prices on Monday.

Day 36 : - 19.59%

1945 : Plunge in the Euro and GBP against JPY and CHF. EUR/JPY at 108.41, EUR/CHF at 1.3150 and GBP/CHF at 1.6068.
2200 : Long some silver at average price of $17.96.
0630 : Day ended with even bigger % loss than yesterday. Still cautiously optimistic.

Weekend rates for future reference:

Day 35 : - 16.38%

1420 : EUR/JPY 110.00, EUR/CHF 1.3372, GBP/CHF 1.6238. GBP/CHF to be main profit/loss generator for today.
1750 : Took profit on long GBP/CHF positions. EUR/JPY 109.78, EUR/CHF 1.3337, GBP/CHF 1.6261.
1800 : Focus now on EUR/CHF.
2100 : EUR/JPY 109.75, EUR/CHF 1.3272, GBP/CHF 1.6132. Huge gain in CHF and fall in GBP after release of jobless claims data.
2130 : Offensive ended. Defensive mode activated.
2205 : Continued strength in JPY and CHF against EUR and GBP. EUR/JPY 109.32, EUR/CHF 1.3235, GBP/CHF 1.6083.
2315 : EUR/JPY 109.60, EUR/CHF 1.3250, GBP/CHF 1.6103.
0150 : Close the day with biggest loss to date.

Day 34 : + 0.87%

0850 : EUR/CHF 1.3408, GBP/CHF 1.6220
1205 : General weakness in the Euro. EUR/JPY, EUR/CHF, GBP/CHF at 109.68, 133.99, 162.26 respectively.
1740 : Took profit on GBP/CHF positions. Focus shifted back to USD/JPY.
2300 : EUR/JPY 109.67, EUR/CHF 133.85, GBP/CHF 162.35, USD/JPY 85.33
2325 : 160 trades later, day ended with account almost unchanged from yesterday.

Day 33 : + 12.75%

0950 : EUR/JPY, EUR/CHF and USD/JPY at 109.35, 133.13, 85.23 respectively.
1300 : 'Profit Running' mode activated. Away from office from 1800-2200.
1600 : 109.71, 133.57, 85.26 respectively.
2205 : Back in office. Satisfied with current quotes. 110.10, 134.18, 85.50. Continue to reduce some positions to acceptable level. EUR/JPY, EUR/CHF and USD/JPY reached high of 110.28, 134.56 and 85.54 respectively.
2230 : Time to do some reading and identifying a new currency pair for tomorrow's trading.
2305 : EUR/JPY, EUR/CHF, USD/JPY and EUR/GBP at 110.25, 134.24, 85.63, 82.64 respectively.
2310 : Potential candidates for tomorrow's trading : EUR/GBP at 82.72 and GBP/CHF at 1.6238

Day 32 : - 5.56%

1705 : JPY and CHF strength against EUR and USD weakness. EUR/JPY 109.57, EUR/CHF 1.3319, USD/JPY 85.71.
2005 : 109.57, 1.3357, 85.48 respectively.
2100 : Sold all silver longs from $18.30 - $18.45
2250 : EUR/JPY positions reduced appropriately to minimize risk.

Start of Inaugural Youth Olympic Games ( YOG )

Singapore 2010 Opening Ceremony on 14 August at The Float@Marina Bay.


Representing each of the five continents, the singers are Ms Jody Williams representing Africa, Ms Tabitha Nauser representing Asia, Mr Steve Appleton representing Europe, Ms Jessica Mauboy representing Oceania and Mr Sean Kingston (absent) representing Americas.

Day 31 : + 5.88%

0630 : Operation started on next currency pair, EUR/CHF. EUR/JPY, USD/JPY, EUR/CHF at 110.32, 85.97 and 1.3468 respectively.
1140 : Currently at 110.79, 86.10, 1.3496 respectively. Exposure to JPY successfully reduced.
1405 : EUR/JPY shot up to 110.95 and EUR/CHF 1.3526 after release of German GDP data.
2000 : Came back to office and realised that Euro's plunging again. EUR/JPY, USD/JPY and EUR/CHF now 109.89, 85.80 and 1.3496 respectively. Time to work on EUR/JPY again.
2225 : Operation commences. EUR/JPY 109.65, EUR/CHF 134.45.
2335 : Ended another volatile day with a victory.

Day 30 : + 27.5%

0715 : EUR/JPY & USD/JPY hit low of 109.23 and 84.72 respectively. Currently at 109.49 & 85.21.
1240 : Was away when USD/JPY jumped about 30 pips to high of 85.40 at 1230. Similarly, EUR/JPY rose about 50 pips to 110.10 from 109.60. Currently 109.90 and 85.28 respectively.
1525 : Profit Running Mode in placed.
2100 : Busy day. Yen crosses extremely volatile, oscillating to and fro in both directions.
2115: EUR/JPY 109.50, USD/JPY 85.46
2335 : 110.32, 85.82. End the day with biggest % win, coming right after day with the biggest % loss.

Day 29 : - 14.16%

0450 : The battle continues. USD/JPY down to 85.44, EUR/JPY at 112.57. Focus back to USD/JPY.
0500 : Phase 1 of Operation 'Geisha Deception' completed at USD/JPY near 85.45. Phase 2 commences.
1230 : EUR/JPY 111.85, USD/JPY 85.28
1435 : EUR/JPY 111.55, USD/JPY 85.35
1510 : London opens. EUR/JPY 111.29, USD/JPY 85.27
1950 : EUR/JPY hit low of 110.10 and USD/JPY low of 84.72. Currently 110.55 and 84.93 respectively.
2135 : 110.10, 84.91. Picked up some silver @ average price of $18.07.
2350 : Overall long Silver @ average price of $17.95, currently $17.89. EUR/JPY still around 110.10, while USD/JPY rebounded from day lows to 85.40.
0030 : Closed for the day with biggest % loss to date. But still cautiously optimistic.

Day 28 : - 1.89%

0900 : Trading shifted to EUR/JPY.
0935 : 113.10
1345 : 112.90. Out of office from 1800-2100.
1605 : 112.85, DOW futures down 70.
2155 : Back in the office after shower and late dinner. EUR/JPY 112.82, USD/JPY 86.12 and DOW -123.
2200 : Operation EUR/JPY resumes, though not much movement either way since morning.
2230 : Finally some action, EUR/JPY down to 112.60
2245 : JPY advancing further. EUR/JPY 112.45, USD/JPY 85.93, DOW -109.

Total Trades : 130

Day 27 : + 6.74%

0040 : Happy 45th Birthday Singapore !!! Just back from the movie 'Inception'. Look forward to trading in few hours time.
0625 : Operation SAMURAI commences on USD/JPY !
1010 : 85.45
1315 : USD/JPY still at 85.45 region.
1328 : Swift move up to 85.50
1410 : 85.57
1415 : 85.62
1435 : Back to 85.53
1515 : 85.65
1530 : 85.72, first objective achieved. Defensive version of commissioned tactic launched.
2025 : Just finished watching National Day Parade on TV. USD/JPY at 85.65.












Taken By Spectator At The Parade


Fighter Jets Flypast


2205 : USD/JPY 85.70, DOW +8
2215 : Not much trades today since on 'Profit Running Mode' for most of the day, though not much running yet.
2359 : Closed for the day. USD/JPY currently 85.88

Total Trades : 20

1 more day

.. to Singapore's 45th Birthday !

Day 26 : + 2.06%

0845 : Operation NINJA commences on USD/JPY
1230 : USD/JPY at 86.03
1720 : Intensify operations only when USD/JPY go under 86 or after release of the crucial NFP data at 2030.
1825 : Dinner !
1903 : Took profit on remaining long USD/CAD at 1.0225.
1920 : USD/CAD at 85.90.
2120 : USD/JPY plunges to low of 85.07. Battle in progress.
2135 : DOW opens, USD/JPY 85.18
2200 : 85.32
2245 : 85.09
2330 : 85.22
0210 : Working overtime.. USD/JPY at 85.32. Made first ever CAD/JPY trade.
0730 : Woke up to check quotes. Positive day but below targeted 4%. 88% monthly target for this month still in sight. Will try our best to get there.



Total Trades : 104

Day 25 : - 1.47%

0845 : First operation on USD/CAD commences.
1150 : Operation USD/JPY resumes. Currently USD/JPY at 86.07 and USD/CAD at 101.75.
1205 : Lunch time !
1315 : Gold 1193.94, Silver 18.26.
1450 : Finally some movement towards UK opening. USD/CAD down to 101.55, USD/JPY up slightly at 86.15. Away from office from 1600-1700.
1750 : Back in office. USD/CAD down to 1.0125
2035 : Jobless claims rose to 3-month high. USD/JPY now at 85.89. Finally we have work to do. Busy collecting and giving away pips.
2215 : Phase 2 of operation begins....
2245 : ...but nothing much comes out of it since the 2 pairs are almost stationary for the last 30-60 min...especially the USD/JPY, stuck at 85.90 - 85.92. :(
2255 : Loonie's flying off, ninja still stuck in the dressing room at 85.90.
2305 : Gold 1191, Silver 18.25
2310 : Operation on USD/CAD completed, focus back on USD/JPY.
2350 : Eyes closing... Zzzz

Day 24 : + 6.37%

1125 : USD/JPY at 85.47
1450 : After going through past data, realised that past BOJ interventions generally did not result in spikes of 200-400 pips intraday, unlike the SNB. Large bids were placed to prevent the pair from plunging too fast, about a 100 pip reversal from intraday low at most. And generally not effective as the USD/JPY continued its downward move throughout the intervention period. Which may explain BOJ's current reluctance to intervene. Personally think there may be a gradual shift in favour of JPY strength as they can accumulate foreign assets at much reduced prices. Continued strength in stock indices seem to be the only factor that can weaken the JPY at this moment.
1510 : Now at 85.45 after hitting intraday low of 85.32.
1530 : Tea time !
2035 : Rose to 85.70 from 85.50 in tandem with rising stock indices within the last 20 min.
2210 : USD/JPY rose to high of 86.19 after data shows Non-Manufacturing ISM at 54.3, stronger than expected. The market had expected a dip to 53.0 from 53.8.
2245 : High of 86.35 now. Identifying the next currency pair to be our next target. On radar screen now : USD/CAD 1.0205, CHF/JPY 82.10, EUR/GBP 0.8281
2310 : Trading operations ceased for the day. Time for some reading and research.

Total Trades : 120

Day 23 : - 3%

0900 : Actions taken on USD/JPY. Expecting less trades today due to absence from office for a few hours. Hopefully can still achieve a 2-3 % profit.
1230 : USD/JPY at 86.40.
1640 : Back in office. Finally some movement. USD/JPY 85.95. Away again from 1800-2200. Likely to miss most of the actions today.
2205 : Back in office again. Economic data from the US just out. USD/JPY hit low of 85.70.
2359 : Office is closed for the day.

Total Trades : 88

Day 22 : + 4.65%

0800 : Operations begin on EUR/JPY.
1220 : First objective achieved @113.07.
1250 : Switched to USD/JPY.
1700 : 2nd objective achieved @86.70. Back to EUR/JPY.
1905 : 3rd objective achieved @113.27. Dinner time !
2010 : Rather quiet day so far, not much movement.
2030 : Operation USD/JPY II begins.
2202 : Operation ceased, 4th objective accomplished. Time for some paperwork and coffee before office is closed for the day.
2359 : 20th victory in 22 days. We'll soar and reach for the skies !



Total trades : 112