Trading Journal

Demo day! OK, we're going to break down the market this morning, which really jumped the shark yesterday with a 600 point drop on the DOW.  My guess?  DOW should come surging back this morning, driving USD/EUR down.  But what about the euro???  Gotta go look. Right!  So after yesterday's HUGE surge, we see the dollar going DOWN this morning. This should have a CORRESPONDING effect on USD/EUR.  Just looking at one index (USD), my GUT (which is amazing) says go LONG on EUR/USD. Welly welly.  Would you look at that. So far, it's like shooting fish in a barrel with an assault rifle.  A barrel!! BUT: it looks like this all went down while I was sleeping!  Maybe around 12:00 am.  I knew the trend would reverse after yesterday's bloodbath, so how could I have capitalized?  Set an indicator alarm?  Stay up for the trade?  When is the best time to trade EUR/USD?? Maybe do your fav trick and set up the trade ahead ...

Hi!  First entry in my trading journal.  I have NOT YET entered any kind of trade, DEMO or LIVE, but the PLAN is start today!  Or tomorrow!  So exciting! HOWEVER, I have been informally "guessing" as to trades I WOULD make, and using correlation, have been successful.  FOR EXAMPLE, I checked the dolla index today like this: WHAAAA???  Is that a BREAKOUT??  Seems pretty trendy to me.  Early in the day, it had started to climb, so being the Euro-is-the-anti-dollar-fan-boy that I am, I (pretended to) set up a (imaginary) trade, SHORTING (selling) EUR/USD.  And? Hoo, weeeeee! Would you look at that.   Down, down, down.  The DOW tanked today, talks of recession blah blah, but the old Greenback is definitely acting like a safe haven right now.  Bottom line?  We made CASH today.  CASH!  UH, pretend cash, like monopoly money, only even more imaginary.  Like points on Whose Line Is It Anyway.  ...