Sunday, January 27, 2008


I saw yesterday a superb film from Ireland and that is Once. Full of good energy and emotion, made by and for passionate people. The movie was a triumph at Sundance festival last year. The girl in the film, Marketa Irglova, a 17 years old actress and musician is especially stunning. Don't miss this little masterpiece.

Friday, January 25, 2008

Mistake of the month

I was finishing a perfect trading week this afternoon with superb stats and nice trades, 16% positive and, suddenly, I started trading like a madman. 20 trades in 2 hours. On the last one I entered long whithout stoploss, for the first time this week. The price fall started then, I didn't close the trade at -15 or -20, thinking that the previous uptrend was about to resume. Two trend lines were broken, no close! I did it finally at -69 pips... 10% loss in one trade, horrific.

Some months ago I was in this kind of situation every week. Now I do this once a month. That's a progress...

Wednesday, January 23, 2008

3 trades

3 trades in a row. 8,5 7,5 and 17 pips.

I consider the second one as a bad trade. i risked 22 pips to make 7,5.

73 pips won today in total. Another madness day has gone. The markets plunged again, but forex is another world.

Although I can spot immediately a high volatility day, I cannot yet allow the winners run. After the third trade above I could not enter again short by fear to lose the gains. (I had to do maths with my daughter too).

Saturday, January 19, 2008

Weekly stats : Week 10 (14-18 Jan.)

A really nice week for me, like the first two on this template (early November). 33% less trades than previous week, less commissions paid. Win/loss ratio was increased and Reward/Risk ratio (av. win/av. loss) is bigger than 1 for the first time. Conservative trading and fast loss cut gave these results.

The week finished 15,80% positive and January is up 19,37% by now.

Very meticulous and cautious trading payed off this ending week. This style is against my character perhaps, but I have to change in order to become a better trader. Besides I enjoyed it!

Saturday, January 12, 2008

Weekly stats: Week 9 (7-11 Jan)

Too many trades this ending week and commissions paid were huge. On the positive side, average loss was contained again below 10 pips and this with the good w/l ratio gave the positive weekly result.

A relaxed week, with no pain and decent profits.

Friday, January 11, 2008

Exit above previous low

Made 10 pips out of this AND, more important, I restrained myself to re-enter short. Phew...

Exit was 3-4 pips above previous low.

Overtraded this week, hope to stop for today.


I was busy during the first obvious entry (below horizontal line), so I entered on the first retracement,... but this was not over! -9 pips. Compulsive trading again.

Thursday, January 10, 2008

Nice breakout

15 pips in a few seconds. Exited by fear to lose the gains. A trailing stop would be much better. This is very fast done on BookTrader.

While Trichet speaks

3 little trades while Trichet speaks. -8,5 +10 +5 pips.

Exits-entries on chart are approx. because I trade with an ECN broker (IB).

I didn't trust the TL breakout that followed and missed the party with the fast pips up.

Wednesday, January 9, 2008

I love pre-London session

Nice pre-London. 7,5 and 5,5p won. A complete reverse happened after the London opening. I was happy to not enter a third time long.

Tuesday, January 8, 2008

Easy pips on downtrend

13,5 and 5,5p. Done for the day (?)

The fear to lose gained pips gives conservative exits, like mine.

Temporal trend exhaustion

I entered this at the 2nd highs rejection, below the black candle and while CCI 50 was crossing back 100 line. Stop was just above the high. Very fast close, on the slightest sign of double bottoming at 160.18. High probability trade (for me at least). This particular retracement had much more pips, but I am happy with 3-6 pips on contra-trades. Never try to squeeze a contra.

Saturday, January 5, 2008

Weekly stats: Week 8 (31 Dec.-4 Jan )

Lousy trading this ending week, the holidays effect is still present: I left one trade whithout stop loss and that resulted to -65 pips. Average loss (21,2) is high because of this foolish mistake, i hope this will be the last one. Whithout this, the week would be 15% positive!... Major drawdown on Thursday (-10,31% ) , the fatal day (was +5% before the major mistake!...)