Euro Trade during Asian Session

Scalp Trade:  Shorting EUR at 1.3670 at 7:54 PM EST  Hoping to target 1.3839.  Stop above consolidation high of 1.3879.  Risking 9 to make 30

For Experienced Traders Only

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Jason Alan Jankovsky is a 20+ year veteran of leveraged transaction trading. Trading extensively in Futures, Options, and FOREX since 1986, first as a customer and then as a registered broker, he is self-taught and self-educated. Working in almost all facets of the trading business, he has authored several trading systems, trained other successful traders and has been published in many industry periodicals; his numerous articles on global cash FOREX have appeared in "Traders Savvy", "The Perspective", "SFO Magazine", "Futures Magazine" and other industry publications. He is a regular guest on FOREX TV and the Jack Bouroudjian Show as well as other business radio and television shows. He is the author of "Trading Rules that Work: The 28 essential lessons every trader must master" (John Wiley & Sons, October 2006), a regular Amazon top-100 best seller in the category of "Futures"

Trade Projections, 4/29-30

9:30pm...EST.  We are long Euro at 1.3808...half my stack.  Will add at 1.3785 .  Give it 25 ticks stop after that.

Yesterdays AUD trade was projected to yield 50 ticks.  Those that traded it and stayed in got 30

2:40AM UPDATE:  EURO might have found a bottom at 1.3796.  If you want to add to it at 1.3700 and stop out below 1.3796, may not be a bad idea.  But I still might buy back in at 1.3761 (new projected bottom)

IF we get 1.3840 before the numbers at 8:30AM EST, take your profit and bail.

7:10AM UPDATE:  For those of you  that got in around 1.3810, you are up 30+.  For those of you that addes at .13785 as per the original post, you are up over 50.  For those of you that waited until the adjusted bottom estimate, well, we missed it by 14...oh well.  Still, a good trade.

11:08 UPDATE:  Shorting EURO @ 1.3903 if given a chance

New Trade 4/28

Long on AUD/USD at .9234  Targeting 50+

My Trades 4/23

Dont think Im trading today.  My system is based upon extreme postions.  Nothing seems to be in the over bought or over sold territory.  Think I will wait it out.

HOWEVER, I just noticed the AUD/USD is oversold.  Im getting in long 92.76
UPDATE:  I got out with a profit of 10, but now back in.  Lots of resistance at 92.86.  Once it gets past there, we should be good to at least 93.15.

MY TRADES..4/22

Yesterday, I called and went short on the USD/JPY.  My entry was a little late, at 102.58.  I knew that might be the case but did not want to miss a good move.  I went in with a 3rd of my stack.  I was going to add at 103 if it got there, but noticed a triple top at 102.71.  It used to be if you get a triple, watch for a break out.  Not the case anymore.  Now it takes at least 4 attempts to break out.  Anyway, got in again at 102.68.  This morning at 2:30AM EST,  I took myself out for a little, but nice profit.  I hate leaving a trade on the table overnight.  Cant sleep!! So, off to bed.  Will wait for numbers at 10AM EST.

Follow me via email on my blog.  You will receive timely calls and updates to my trades. Currently, I am running a very high percentage win rate.  Not selling anything, just trying to help.

MY TRADES 4/21

I'm short USD/JPY at 102.58.  In with a 3rd of my stack.  Will add at 103.00 with a stop of 20 more.  This may not do anything today as it is a Monday which is usally slow, and it is comimg off a holiday weekend.  May have to hold overnight. Time will tell.

News Trade on CAD 4/17

At this moment, it looks like from MY BPI, its setting up for a short.  I will update my decision closer to the release.  Check back here for an update 5 minutes prior to the release.

8:12AM  Only if this goes to 1:1040 will I short.  Other than that, im not touching it. Just not sure at this moment.

8:15  I may short at 1:1050 after the release

8:50  Well, it did go down.  I did not get in before the release because it was not in my sweet spot.  Im in now short a small position.  Chasing a bit.  Do not recommend doing the same

News Trade on CAD

If any of you have been following my calls, and if you had read my philosophy in placing trades, you know I don't put in a lot of trades.  Price has to be in an ideal place whereby there is no question in my mind as to which direction it will go.

However, I have been experimenting with news trades, and I have to say, they've been working out pretty well.  This morning, I was long the CAD before interest rate announcements.  I also had an order sitting below the market in case there would be, as most of the time is, some stop hunting.  Long story short (too late) I made approx 30 ticks...real fast.  I got out too soon, but that's OK.  I traded chump change just to keep it real.  But all in all, it worked.  I will continue to experiment with my BPI (brian's proprietary indicator) and keep you informed.  Please subscribe to make it easier to keep up with my calls.

I was long EURO before it took off, but....

I was long EURO before it took off, but....I did not post my call because it was not an ideal set up.  When I post a call, it usually is in my books, what I call ideal.

Check out my other calls at http://mydaytradinglife.blogspot.com/

Before numbers on GBP...4/15

If GBP stays where it is or moves down before CPI at 4:30AM EST, I am entering before report....long.  My proprietary indicator tells me to do so.  In fact, I am long now at 1.6695.  It may be too soon to enter, but it looks real good right now.  We'll see.  I am in with a 3rd of my stack.

For those of you that are more conservative, it might go down to 1.3760 in which case, I will ad to my position.

UPDATE:  This trade worked out beautifully...to the T.  Added to my position as it came down and took profit of 40.  I think I will be getting back in long when given a chance.

I was short EURO on Friday going into Weekend

I was short EUR/USD going into the weekend but decided to get out.  What a dummy.  I knew it was a good call but I get nervous hanging onto anything overnight.  Oh when will it end.

Now Im long from 1.38.16 (caught the bottom, yea!)(this was written before the report) but I have a feeling one more leg down will come when the news hits.  But from what I see, there is a gap to fill that occured on Sunday night.  Im going to hang in there to see that hopefully happen.  Whenever I get in, I only start with a 3rd of my intended whole position.  That way, if Im wrong by one hundred (hardly ever) I can add big time to it.  I know the experts say never add to a losing position.  I have a  different view on that.

The first reason is, Ive been doing this a long time now and I pretty much know where significant levels are.  Two:  If you ever started a savings program with a mutual fund or anything that moves with the general markets, the theory is to cost average your savings.  Systematically, funds are added to the account.  As long as I put in a 3rd of my stack, Im good.  I can always make up ground when Im 50 ticks out by adding the remainder two thirds of my stack.  Now, instead of being 50 ticks off, Im only 16 or so.  That's my story and Im sticking to it.

GOING INTO NEWS:

I have an order to buy at 1.3806
8:36 AM  Changed order to buy at 1.37.90

Shorting Euro...11:56 AM EST

I am short 1.91.  Looking to add to it at 1.9210
Targeting at least 50 ticks.

UPDATE  3:02.  Some profit right now, but I might get out before the end of the day.

long dollar for short term...4.10 6:35AM EST

I am long usd/jpy at 101.58.  Target:  102.00

Terrible Trade

My trade on the NZD short last night (4/7/14) was a terrible trade.  Thought you might like to hear that.  But.. i am happy to say that is the first bad trade I've had in a while.  Now, lets move forward.

The CAD is trading on news at 8:30.  I am expecting it to shoot down to temporarily finish the downward trend line, then head back up for a nice minimum ride of 20-30 pips.  Bottom of said trendline is 1.0894.  I will look to get in at 1.0890

UPDATE:  Taking CAD trade off the table for now

TODAY'S TRADES & SET-UPS  MONDAY 4/7/14

7:10 am EST

If CAD continues to go up and is still doing so at 8:30, I will be shorting.  Estimated price at that point should be near today's pivot but would not be surprised to see it go to R1 (1.1027)

SHORTED NZD/USD @ 8605.  I am in with a 3rd of my stack.  Will add the rest at 8640 if it gets there.  My target will be 8580...a total of 60

9:42:  Added to my short.  SL above 8650

Sunday night, AUD trade before numbers

shorting AUD 93.17 ... Target 20 pips

NFP DAY....4/4/14  9:30AM

Buying USD/CAD @ 109.23 if it gets there.

Other than that, will remain neutral until all the dust settles

Trading for 4/3/14

Thursday:  4/3/14  Lots of support on NZD.  I will take the trade even at news time.  Expecting a bolt to the downside and then up from there.  My order will be in long at .8493  This is on a 4 hr chart so it could be in for a good ride to the upside.  I would look for a target of at least 80-100 pips.  It may not happen all today, but that would be a good target for the next two days.

USD/YEN:  2nd trade for today, we are watching the yen for an opportunity to short that as well.  Good entry above 104.10.  May get to 104.30 or 40

LOOK FOR UPDATES ON THIS POST THROUGHOUT THE DAY.  GET NOTIFICATIONS BY SUBSCRIBING

GBP:  Will be a buyer at 1.6563

YEN UPDATE: I am in at 104.10.  will add at 104.30 & 40...Target  minimum:  103.80
I TOOK A 19 PIP PROFIT (ON 2ND ENTRY) ON THIS DROP.  WAITING FOR DOUBLE TOP TO RE-ENTER

YEN UPDATE:  2.50PM EST
If you are still short the Yen, I would get out now (103.87) or at least take half off the table. I'm out completely. Take your profits from 104.10 (which by the way was the very top at this moment (2.43PM EST)  It still looks like it could possibly break 103.80 but not by much..IMO

NZD/USD for tonight only 4/2

Will go long at around .8491...if it gets there.  Should be good for at least 20....but could very well turn into a monster if held long enough.  This trade is for tonight only and should cancel the order within the next 4 hrs.  NZD has been trending up and this is a nice dip.

4/2/14  5:39 pm est

Just shorted usd/yen with a 3rd of my total purse.  I would not be surprised to see this go up to 104.30.  Will add remainder of purse then and keep SL not to far from that

4/2/14
New Order on USD/YEN.

I am shorting 104.10

I may (not positive yet) go in earlier just to make sure I don't miss my expected sizable move down.  May be good for 40-75 pips, but will probably do that come 8:30 am after a shot to the upside as an exhaustion play.  That said, only going in with a 3rd of my pocket.  Will post again before news tomorrow.

USD/YEN Trading for Thursday, 4/3/14

The usd/yen is setting up for a short.  If prices stay in this area or go higher, I will be shorting around news time (8:30am EST). Price action will determine timing. 

Since I generally enter at pivot points, I cant imagine it going above the 2nd resistance level which is currently at 104.09.  If it does break that area, it would not be by much.  I usually get in with 1/3 to 1/2 of my total intended trade.  That way, I can cost average down and stay in longer.  I do not remember the last time I was more than 30 pips off.  Keep in mind, this call is based upon mid afternoon levels on 4/2.

USD/JPY  4/2

Shorting 104.09

1st target:  103.70
2nd target:  103.60
3rd target:  103.46
4th target:  103.25

I was hoping to get filled overnight.  It already hit my first target.  Cancelling order.  I was being too conservative with the entry

In The Beginning

Before I begin, let me state for the record, finally, after 14 years of trading.....I finally get it.  I am actually starting to make money.  But it took blood, sweat and tears...literally, to get to this point.  I must have lost over $100,000.00 of my hard earned money by thinking I can trade stocks, futures, forex or whatever else I can push a button on to buy or sell.

Let me continue my rant and rage by saying this; I find it amusing that regulators continue to debate about casinos, online poker and any other gambling activity. No one considers online trading a devious, shady, lower than scum way of making money, like they do if you say you play poker.  In fact, people brag about trading thinking it makes them look sophisticated and intelligent.  People do place you higher on the food chain if you say you're wheeling and dealing on Wall Street.  Maybe that should be the case if you are profitable.  I mean lets face it, anyone can push a button to get in and out of the market.  It's just as simple as playing a slot machine.  And that's exactly what you're doing.  That said, it's the biggest form of gambling, in terms of dollars won and lost, and no one blinks an eye.  Its been an accepted way of life forever.  Millions of people have lost everything they've owned, and them some. But Heaven forbid we get one craps table in our town.   

A few months ago, gold was falling from the sky.  At $100.00 per point, I thought maybe I can make 2 or 3 points going short and then go play golf.  Before I can scratch my ass, I lost it.  In the blink of an eye, after I got in, gold shot up 9 points.  I lost $900.00. To many, 900.00 is not a lot of  money.  To me, it is.  I can deal with it, but at least give me a little enjoyment, a little drama, a little excitement, something.....nothing...A realized loss of 900 before I nuked some coffee.

So they say (they probably being the guys you lose to) "the money you lose, is worth the education you gain".  So where's my Doctorate? Must be in the mail.

Moving on and 14 years later, I think I got it.  My trades are working out approximately 85% of the time.  If they dont work, its because I did a silly trade.  A trade that I did just for the fun of it, I was bored, or I was getting antsy.  The good trades are trades I wait for.  The one's that come to me.  Per currency pair, I may get one or two trades PER WEEK!  When I do get in, depending upon the time frame, it will be good for 20-300 pips.  The longer the time frame, the more pips I will expect. Example:  Using the one hour chart, I can expect a move of up to 300 pips.  If I'm using a 5 minute chart, maybe 20-30, etc etc.  This is not scalp trading.  I look for a short or long term reversal in trend.  I buy low, sell high.  I can see the set ups coming and can approximate when it will occur.  Until then, I try to sit on my hands.  Sometimes tough to do, but when done, my account grows.

Moving forward, if you want to follow my trades, feel free.  I will not share details with anyone as to the method to my madness.  I am not an academy or some instruction guru who will ask 5 grand for my expertise. So please do not ask. It is just too consuming to reply to everyone's questions. Just follow and profit.  Let me know if you have taken the same trade(s) and what your outcome was.  Each call will be published in a new blog entry.  Please subscribe so I know my entries are at least being read.  If not, I will discontinue this blog.

New Trade Coming

Here are the trades that 

are setting up..imo

Approx trade date:  4/2
Pair:  USD/JPY
Direction:  Short

Approx trade date:  4-3...4-7
Pair:  GBP/USD.
Direction:  Short


Approx trade date:  4/7
Pair:  AUD/USD
Direction:  Short