Ghareb’s Forex & Equities Trading Journal

today is the first working day for me in 09, I was hungry for stocks cuz I’m flat from 18 December 08

today 11 pending orders activated from both lists: the Daily and Weekly watchs

two trades in the OTC Market (IEEC) as short term trade as usual when we enter this risky market

and 9 Medium planned trades in the regular market in 6 different sectors

the new orders are the following:

1. IEEC, 56000 Shares @ 22, SL @ 19.75, D
2. IEEC, 21000 Shares @ 22.6, SL @ 19.75, D
3. ALUM, 5000 Shares @ 32, SL @ 21, W
4. CCRS, 15000 Shares @ 11.25, SL @ 8.75, W
5. ECAP, 100000 Shares @ 4.5, SL @ 3.75, W
6. ELEC, 460000 Shares @ 1.35, SL @ 1.1, W
7. EPCO, 80000 Shares @ 8, SL @ 6.9, W
8. GGCC, 18000 Shares @ 26, SL @ 20, W
9. HRHO, 53000 Shares @ 18, SL @ 16, W
10. RTVC, 120000 Shares @ 5.85, SL @ 5, W
11. UEFM, 6000 Shares @ 69.5, SL @ 61, W

Great start for this year, I hope the rest will be as this start

tomorrow pending orders list are here

the rest of the pending weekly list is still working

CASE30 = 4710

late update for the forex trades::

no new orders in the pending list except the reverse USDCAD Long if the short stopped out
and the AUDCHF Shorts stopped out with little profit after the trailing stop we did as we said in the last post

the closed trades are:

Closed..Trade #07: Short AUDCHF @ 0.7420, Closed @ 0.7300 (+120 pips) stepped out in [29/12/08]
Closed..Trade #12: Short AUDCHF @ 0.7310, CLosed @ 0.7300 (+10 pips) Stepped out in [29/12/08]

now only there are 7 active trades and they are in new order:

Trade #01: [22/12/08] Short USDCAD @ 1.2010, SL @ 1.2400
Trade #02: [23/12/08] Short USDSGD @ 1.4400, SL @ 1.4480 “SL moved from 1.4600″
Trade #03: [23/12/08] Short GBPCHF @ 1.6060, SL @ 1.6710
Trade #04: [29/12/08] Long EURAUD @ 2.0610, SL @ 2.0100
Trade #05: [29/12/08] Long EURUSD @ 1.4135, SL @ 1.3815
Trade #06: [29/12/08] Long NZDUSD @ 0.5830, SL @ 0.5700
Trade #07: [29/12/08] Long AUDUSD @ 0.6935, SL @ 0.6750

today I closed the following positions and dont trail the SL as usual to just take good profits in the start of the week

the closed positions are:

Trade #02: Short EURCHF @ 1.5320, Closed @ 1.4926  (+394 PIPS)
Trade #03: Short EURCHF @ 1.5280, Closed @ 1.4926  (+354 PIPS)
Trade #04: Long CHFJPY   @ 82.85 , Closed @ 86.23    (+338 PIPS)
Trade #05: Long EURCAD @ 1.7140, Closed @ 1.7388  (+248 PIPS)
Trade #06: Short USDCHF @ 1.0870, Closed @ 1.0451  (+419 PIPS)
Trade #10: Short EURCHF @ 1.5150, Closed @ 1.4926  (+224 PIPS)
Trade #11: Long EURJPY  @ 126.80  Closed @ 128.73  (+193 PIPS)

now 9 Active positions currently and we trailed the SL only for AUDCHF Shorts (2 positions) as the following

 -(23/12/08) Short AUDCHF @ 0.7420, Trailed SL @ 0.7300
 -(29/12/08) Short AUDCHF @ 0.7310, Trailed SL @ 0.7300