for Martin from Brno, like Magdalena
This is the blog I never miss, I read it every single day. Inspiring thoughts, deep knowledge of economics and today problems and transmission of this knowledge with a few words.
An idea for a gift this Christmas : Carcassonne, an excellent strategy boardgame for adults and kids. Very amusing, very simple rules and countless possibilities, like in the japanese game of Go. Thanks to this game, my 5 1/2-years old got very deep notions of strategy in a weekend , she would need several months to match this level in chess learning . Now she wants to play online with "ranked players"... A lot of communities, forums, online versions for this game. Just google it.
for Christian
Santa Clauss (high volatility) came to town again bringing presents ...
I had a look yesterday in the charts after FOMC announcement (smashing interest rates again in U.S.) and realised that the party is going to take place in the euro/dollar fields. So i switched today to this pair and had quite some pips in this NY session. I didn't catch all the move but i do not look for this. 110 pips won in total.
I could have a better entry on this, anyhow some fast pips and good exit.
Easy money on (almost) every Monday London opening.. I will stop here till 10:00 EST (17:00 my time).
It took some time to take off and have this +18. Before this I had a faulty reversal trade as i didn't waited the break of previous low and trend line. But it was closed in time, for a change...
Friday afternoons can be tricky.. Large swings around London closing time today, big nervosity and indecision in the market gave me this disastrous finish of the week. In 3 lousy trades I managed to wipe out the 20% weekly gains I had before these. Price went very clearly against me and I could not close.. I can find excuses : I was very tired, the kids were making a lot of noise and so on... But the fact is there. An ugly way to waste one week's efforts...
Easy money again today, by just following the direction of the markets at their opening. If European markets open down, eur/yen goes also down (the opposite is not always valid). This can produce a dangerous confidense sometimes and this is visible on the third trade on the chart... 12 trades in total, 10 winners, 2 losers. +7,5% on account and then i stopped for today, and was happy to do this.
I have been recently in Paris for a short visit and, suddenly, i got a kind of nostalgia for my first stay in this city, as a student, some 25 years ago. It was hard time for me but I learned a lot there. Among other things i discovered music in Paris, the big, the divine one.
-for Andrea
(Very) late entry on this, i was lucky enough to cope with a strong trend and that only gave a nice profit, as on the chart.. Otherwise i could get an easy rebound on the trendline and 8-10 pips loss.
Nice unfolding rainbow and solid base (several supp lines) gave this healthy uptrend and 34 easy pips.
First trade gave 11 pips but weren't enough. I re-entered on the same move and this second trade (third here) is always risky. Result : -14 pips. Net :-3.
Had this reversed cup or valley today, with good entry/exit. one of the easiest (to trade) setups.
A counter -trade on signs of temporal exhaustion. Exhaustion is announced here by 3 consecutive lower highs and divergence on CCI. On these trades, i get some pips and get out quickly, because the resume of the trend can kill me anytime.
one of my strongest setups, when price leaves the range and the "valley" , signing a strong reversal.
I had a few seconds of hesitation to close or not this short who turned badly. That was enough to give me a -63 on the face. High volatility, high gains, high losses.
103 pips in no time!.. exited waiting an equally strong reaction, but it was more there... Not complained for this..
This short went to +8, not closed, not even at break even and was left to move quickly against me. Negligence? Stupidity? Egoism and incapacity to accept the obvious? Check all the above.
..the reversal took place some minutes later, little by little and I was insisting to be short. This is the art of giving back some of the previous gains..
3 shorts in this big drop. There is an important empty space between the 2nd and the 3rd, marking my hesitation to re-enter for the 3rd time. I finally reentered a lot of pips below the 2nd exit, making this trade risky, as the downtrend was exhausting and could have a strong reversal an any time..
i was busy with my dayjob during the move down, and when back to trading, i wanted to get on the train at any price. The result is allways a bad entry. I was trapped in a ranging market and lost 13 pips.
I was busy and missed the previous entries but I don't complain. A sparrow needs just one bit :) And bit after bit..
