FOREX

new version: raw_8

2006-02-03T22:15:00.000+01:00

The price is moving up to a certain point. An upward-trend.
Now it starts to move down to a certain point. A downward-trend.

Your job is to connect these trends in the right order to make profit.

new row of profit

2006-01-29T14:51:00.000+01:00

made: 29.01.2006

row_length: 12

row_worth: 63

version: tape_reading_54

new row of profit

2006-01-28T11:54:00.000+01:00

upgrade and a new row of profit

2006-01-25T11:11:00.000+01:00

a tiny upgrade and a new row of profit

2006-01-23T14:58:00.000+01:00

Upgrade - tape_reading_47

2006-01-23T10:22:00.000+01:00

Upgrade of the program

2006-01-20T19:25:00.000+01:00

Watch the trends flowing by. ex.: You've got a price list of: [2000, 2001, 2002, 2001, 2000], then you actually only got two trends: [+2, -2].

19.01.06 - [-10]

2006-01-19T21:20:00.000+01:00

(1) - [-20, +2, +2, +5, +1] - 1hour

profit_row_length: 7

2006-01-15T14:18:00.000+01:00

made: 15.01.2006
row_length: 7
row_worth: 21
version: tape_reading_40

new version

2006-01-14T16:55:00.000+01:00

Start to associate better!

2006-01-12T14:16:00.000+01:00

How the price occurs to you is your absolutely own definition. How are you able to better remember the current price? Put on you own settings!

Have a look at
Next Step: Simulation

regards,
qweet

10.01.06 - row_6

2006-01-10T20:51:00.000+01:00

row_length: 6
rows_worth: 27

UPGRADE - tape_reading_public_28

2006-01-07T14:38:00.000+01:00

You see that I've performed a row of profit. At least virtual. It is only a matter of time and training and development to grow and to extend this row. But it is possible.
The longer the row grows, it should be very possible that the given answers to these questions are good ones:

1.) Should I enter the markets now (yes/no)
2.) How should I enter them (Buy them/Sell them)
3.) Should I close my position now (yes/no)

If one is able to better answer these questions, it is likely to perform better trades. Well and that's what is about, isn't it?

UPGRADE - tape_reading_public_22.zip

2005-12-29T22:22:00.000+01:00

check it out! It's free, it's Open Source.

(1) - [+3] - 1hour

2005-12-29T17:48:00.000+01:00

I'm glad that I made a profit today. I know now that I should maybe stop using my program while I'm in the markets. Concentrating on both is kind of difficult. :)

But nevertheless I want to point out, that this trade-session today lines-up in a row of profits. It's the 4th session in a row which is profitable.

Of course the trades in the sessions aren't, but one can't be perfect from one day to another, can one?
I'm working on this one.

Merry Christmas

2005-12-23T22:13:00.000+01:00

Merry Christmas and 111 nice presents... ;-)

UPGRADE

2005-12-23T20:57:00.000+01:00

Look for the Next Step: Simulation page

(2) - [+2] - 1hour

2005-12-23T14:53:00.000+01:00

"The profis are cutting their losses and letting their profits ride."

How much ice do I need do be one? I bet Inuits are best traders ever :-)

(1) - [+2] - 1hour

2005-12-23T11:44:00.000+01:00

Why should I interpret my actions afterwards? One look and I know how I was doing. There's actually nothing to interpret. It's too late now, too..

(1) - [+1] - 1hour

2005-12-21T18:11:00.000+01:00

I have traded 90 minutes for making one single pip profit. balance/time result is bad. There were many chances to take, but i didn't grab them. Short after I entered the market I should have closed my position and go short. But I just didn't do it. Greed?
Imagine this would be the 1-day-chart. I would have invested and after 16 days I would have lost my nerves and closed my position. Wow. 16 days.
I still believe that the only thing which is needed, is to develop the skill to make the right decisions, giving the right answers to simple question every trader has to answer:

Should I enter the market now (yes/no)
How should I enter them (long/short)
Should I close my position now? (yes/no)

20.12.05 - [-21]

2005-12-20T20:09:00.000+01:00

I was absolutely wrong. My only trade for today. Normal life doesn't allow me to trade more. And life comes first.

Update

2005-12-19T20:52:00.000+01:00

Update of my program, philosophy and Next Step: Simulation

I would like to receive your comments if you are interested in this and I welcome you to try my program.

16.12.05 - [-41]

2005-12-16T22:56:00.000+01:00

First week is over. I hope the next is getting better. Have a nice weekend.

(2) - [-18] - 1hour

2005-12-16T19:09:00.000+01:00

again losses. Is my system wrong? I don't think so. I just made wrong decisions. Didn't listen to the tape properly. Why should an other system guarantee profit? It would also be needed to testet and this consumes time.

(1) - [-23] - 30min

2005-12-16T17:26:00.000+01:00

:'-(

15.12.05 - [+5]

2005-12-15T20:42:00.000+01:00

I've finished the day with a profit. A good day is saying 'good bye'. I wish you a nice evening and night. Cu.

(4) - [-10] - 30min

2005-12-15T19:00:00.000+01:00

haha....

(3) - [+2] - 30min

2005-12-15T16:33:00.000+01:00

And again the chance for just more profit. But I don't want to be too greedy. 2 Pips are fine, a profit stays a profit.

(2) - [+2] - 30min

2005-12-15T11:38:00.000+01:00

A much greater profit would have been possible, as you can see. But emotions are driving the markets, aren't they?

(1) - [+11] - 30min

2005-12-15T09:45:00.000+01:00

A nice thing to start the day with a profit. :)
One thing about the chart and the title: I've traded in the 30min Chart, but the picture is taken of the 5min Chart to get a better view on the trades.

edit: You can see I've made the right decision in a row. I would draw a parallel to my random-program. Making right decision in a row.

14.12.05 - [-46]

2005-12-14T22:01:00.000+01:00

Final results.

(4) - [+1] - 30min Chart

2005-12-14T21:42:00.000+01:00

3 Trades. I actually have nothing to say, just the result.

(3) - [-21] - 30min Chart

2005-12-14T19:11:00.000+01:00

What to say? Bad doing again... I think I'm going to trade 2h. I guess 2h being concentrated and trading 30min candles should do it. So I'm able to watch the bigger waves and can have this connection to the small movements of the price. Hope so.

(2) - [+3] - 15min Chart

2005-12-14T17:49:00.000+01:00

at least better than the last session. :)

(1) - [-29] - 15min Chart

2005-12-14T16:45:00.000+01:00

I did bad. I've got to accept that my decision were the wrong ones. There's nothing positive about it, just that my last trade was profit and that's it.
Yesterday I wanted to trade on a longtime-base. But I didn't really do this.

13.12.05 - [+3]

2005-12-13T20:39:00.000+01:00

No more trades for me today.
My goal for tomorrow is to trade more in the longrun. Maybe watching a hour and taking action then.
I also want to improve my program. I think I'm going to upgrade it, that it will look more like the market.
Everybody who enjoys my blog or who is just interested, I would appreciate it, if you use the comment-function.

Some last words:
"succes is about being plain honest to yourself"

session: 0

2005-12-13T20:04:00.000+01:00

It is so easy to get your own profits into losses, because it is so easy to make losses. But I'm glad I was able to get a winning trade afterwards so I could finish this session without losing pips.

session: +2

2005-12-13T16:02:00.000+01:00

Making profit is hard work. Doing this constantly is hell. But I regard it as the only way to change things really fast.
I should have waited a bit longer, by watching the chart from now. I guess a total profit of +8 would be possible. But again, profit is profit and it's always nice. :)

session: +1

2005-12-13T12:19:00.000+01:00

I should have waited a bit longer to gain 2 more Pips. But the fear pushed me to close my trade. At least a profit.

A new day

2005-12-13T09:08:00.000+01:00

Good morning.

2005-12-12T22:29:00.000+01:00

Day: -19

Good night. :-)
No more trades for me today.

edit: -11-8=-19 not -17 :)

2005-12-12T20:20:00.000+01:00

Session: -8

Well it looked to me, as it would go up. I was encouraged by the little jump after my long-order. Well but the market had other things in mind.

2005-12-12T16:32:00.000+01:00

session: -11

As I now watch the chart it is obviously that I should have closed my third trade when it reached the top 4 times. I felt I should close it, but always hoped, that it would go a bit higher so I could finish my losses and make profit.
In the end I got nothing. That's it goes.

2005-12-12T06:41:00.000+01:00

Good Morning world. :-) I just woke up.

2005-12-11T20:14:00.000+01:00

Daily balance: +3 Pips
___________________________________________

-10
My last trades. I don't know why I was doing so bad.
___________________________________________

+7
My second and my third trade. I was glad I closed my Long-position, because the trend changed.
__________________________________________

+6
My first trade 06.12.05. A Profit of 6 Pips.