One thing I have learned from trading is that the markets are IMPOSSIBLE to predict and anyone that does predict is full of shit… including EVERY newsletter out there.
The only truth is EVIDENCE of events.
Until then its all THEORY.
So forex has burned me over and over and I am persistent enough to try to make something of it. Or stupid. Can’t tell the difference at this stage. I suppose if this blog disappears you will guess what happened.
I thought I had it in the bag early december buying bhp options in preparation for a down fall.
I was using an indicator that looked reliable in back analysis. It wasn’t.
It killed my profits for the last 3 months and then a whole lot more.
At the moment I am out of options as a source of income as the market volatility is a lot less directional than it had been previously.
I have been doing a lot of research into forex and been completely obsessed with writing EA’s to make me make money more automatically.
Totally f*cking confounded as to market direction. Today a rally on the DOW sealed my belief in rigged markets. I have no other explanation. I am going to concentrate on forex for a while because you can make money in either direction and more instantly rather than wait days for something to happen.
This EA was announced by email blast to me recently and I plugged it into my demo account.
Unfortunately it made one win and two losses.
It is touted to pull $300 on average per day.
So far it pulled $300 on one day and then lost close to $1k for two days after.
At this point I am not trusting its ability. I can do that sort of losing without any help of a robot! 
I will leave it running on my demo for a week to determine if its more than complete horseshit.
If it is … it will be sayonara!!
So over waiting for the markets to go down. I am in serious time decay on my BHP options and bleeding horribly. I need it to go to hell in a handbasket as they say… YESTERDAY!
So hopefully this downtrend is strong enough to pull value out of the options I have on at the moment.
I have been waiting since early decemeber when the signals I saw were telling of a bleaker future.
The santa rally messed up that plan hard and now it seemed like all bad news was actually interpreted as good news in disguise by the markets and it floated ever so slowly up into severely overbought ranges for ever it seemed. And now this.
I am going to ‘rob the bank’ as soon as I can to recoup my moula or what I can of it.
More ‘learnings’ it seems.
I got this email to trial a robot and thought I would. It was free… its on a demo account. What can I lose?
The robot is by Martin Alexander supposedly a forex trading expert.
I did some searching and turned up this page which outlines one of his strategies that actually makes a lot of sense to me.
http://www.forex-auto-scalper.com/slingshot.html
So I have plugged in the EA and I will be back with the 24 hour test results.
Lately been totally jaded with trading because of the shitty results I have been getting. My BHP options are now in severe time decay and the stock market is floating on dreams and severely overbought. I will keep on going though as there is nothing more I want than to make money whilst trading.
I have been concentrating more on Forex and Forex Ambush and writing on my other blog.
My BHP options trades are so sadly bloody that I am embarrassed to even talk about it.
My options days are numbered except on long term speculative calls or puts.
Options as a day to day living strategy are way too hard for my liking.
Forex on the other hand is instantaneous and you immediately reap the benefits. The entry exit fees are cheap by comparison and you can make a lot more money quickly (and lose it too).
So I am sticking to forex for now and letting my options that I have on play out.
I have 4 more days before time value eats me to death so I am hoping for share market armageddon before then.
It doesn’t seem likely considering that the markets treadwater or go up slightly even on bad news which is
>> TOTALLY FUCKING RIDICULOUS << (note from now on will be written as TFR!)
Sooo… bring on the fire and brimstone stock God… everything is looking overbought and its time to make it oversold.
The world is still going to hell economically and yet the markets stay bouyant?
I am astounded to say the least and it looks like my bhp trades are going to bleed me horribly.
I am praying to the economic god daily for a big downtrend.
Sadly its not happening