I added Forex Quotes

Hey hey hey! It is a very productive night for me blogwise. I added a forex quote on my side bar. Wohooo! Now my sidebar looks very cluttered. It doesnt matter. Now I have almost everything I need on my blog. This is only the start! Tomorrow I am going to conquer the world, BWAHAHAHAHA!

I added Bloomberg Radio

I recently added Bloomberg Radio on my sidebar. Now you can listen to Bloomberg radio updates 24/7. You can get updates on markets all over the world.

I will also try to add Bloomberg TV tom.

I Lost My Old Posts Attachments

I have been fiddling lately with the layout of my blog. I learned a hard lesson on my last change to the layout. I lost all my excel attachments on my posts. My advice to anyone who wants to change their blog layout: Dont!

Don't change your layout for goodness sake. You will lose everything!!! Wahhh! Maybe it happened to me only but I will forever keep it in mind.

Now i'm back to my old layout minus the attachments. Bummer!

My AUDJPY long has been ranging up and down since yesterday although the daily chart has already registered a good uptrend. I hope it continuous on.

Trade Update, AUDJPY Long 5K

I have recently closed my USDJPY shorts. Bagged $160+. Not bad

It seems like the US stimulus plans are slowly creeping into currency traders' psyche. I feel that they are starting to lean on going USD heavy. I may be wrong. I backed up my opinion with 5k long on AUDJPY. I saw that the AU economy is still strong and JP will return to carry trading with their confidence returning due to the reason that the US may skirt recesion.

GBP has been strong during the last three days. If I had more capital, I would have traded some longs on any pair with GBP.

Here is my study of last weeks currency action:

My Trading Screen and Short USDJPY

I finally got my perfect trading screen setup. Here is a preview:

I have my excel studies on the upper left, I have Bloomberg TV streaming on the right and my charts on the lower half of the screen. I feel so satisfied with this screen setup. I feel like a pro trader. I am just assuming how a real trader does his screen but it feels like it. Ok, i'll continue on with my fantasies now.

Its a global panic happening on the financial markets by the way. I am expecting a bang after the holidays. I hope it goes along with my bet. I added to my USDJPY short.

USDJPY Carry Trade or Bust

Whoa! JPY is in a bull run. What bull run? It is the carry trade exits you dummy. With the impending US rate cut of 0.5% everybody is running to the exits. Mr. Ben Bernake has signaled that the US will use "insurance" to beat inflation. Whatever that means, they are taking recession head on. Good for them. But with the rates going down, well-moneyed traders are hitting the exits and rushing to the EUR and CHF. If you would look at the charts of EURJPY and CHFJPY, it seems like its drawn by a straightedge. But the bets are probably heavier on the CHF because the chart is falling on the EURCHF.

As for my last trade on the USDJPY, my earlier 2 trades are big winners now but the latter 2 trades went bust. Stop hunting who-knows-who got them, after the prices got to 110.00, it sunk like stone on water. I am still keeping my two winners. I don't know when I will close, but right now I am more inclined to close it when prices drops below 100 ;) . I am not sure it will happen but I have a feeling that it would go down the 100 yen mark. Here in Korea the dollar is already below the won, the yen would probably follow suite.

For anyone who have seen my tradesheet last post, I will try to post it everytime it gets updated. You can use this tradesheet as your own. It can be downloaded for zohosheets.com. Here is my updated tradesheet:

I'm Back Trading Again

Happy New Year to eveyone!

It's a new year and I have also resumed trading. I am trading Philippine stocks and the forex again.

First of all, I would like to clarify to everyone that I am only trading measly amounts of money on these two instruments or my whole trading account in fact. I am not risking my whole bahay kubo when I opened my accounts. Right now I traded 7,000 shares of MPI (Metro Pacific Investments Corp) at P4.45 and I am short on the USDJPY at a total of 6,000 units or $120 at 50x leverage.

My reason for trading the MPI was the earnings per share(EPS) figure was at P19 while the share price is at P4.5. Its like buying P4 for only P1. Its an extremely attractive bargain. If Warren Buffet was probably buying PSE stocks, he would have bought all available stocks of MPI. But I maybe mistaken, I may not know the reason why nobody is biting on the bait. Hmmm! Smells fishy. Anyways hope it turns out ok.

I started trading the USDJPY last week before New Year's Day. I keep reading news that US will still continue to cut its interest rate which is bearish for the dollar. I am a total of 6,000 units short. I chose to short the USDJPY because the charts are showing a good turn down and the Japanese are cutting down on their carry trades or so they say.

Hey! My son just woke up and I am the babysitter for today. Until my next post.

Got lots of comments since my last post. Thanks guys.

I am including my daily trading log/studies embedded on this post. This excel sheet shows my opinion of each pair then under the worksheets is a summary of each currency. I will try to update or post this excel file everytime. Here goes: