Tuesday, July 29, 2008

Re-entries lost

Just 7 pips won before I leave, lost the (very easy) re-entries.

Vacation time

Slowdown for three weeks, vacation time, going in the mountains. Hope to trade (but very little) when wi-fi is available. See you in the Alps!

Sunday, July 27, 2008

Weekly Stats : Week 34 (21-25/7)

This was the perfect week for me : no overtrading (just 16 trades x2 lots in 4 trading days), no big risk taken, high win/loss ratio. Many trades were nulls (0-2 pips) again, most of them would be winners if were let to run. I am too cautious but this protects me from the big mistake.

Friday, July 25, 2008

Easy pips

Some easy pips early today.

Wednesday, July 23, 2008

Five o' clock

5:00 in my local time, nice slot to trade.

10 pips in total. The exit on second trade was a complete nonsense...

Monday, July 21, 2008

Afternoon trades

the loss of Friday afternoon gave me a challenge to try learning the 1600-1700 CET time slot, (17-18 in my time zone), more convenient in my day schedule. Tried 2 trades in this slot today.

Early entry

Early entry on this paid off- a gain was possible before the price reaction.

Saturday, July 19, 2008

Weekly Stats : Week 33 (14-18/7)

A week with many null trades (-2 to +2 pips), 22 out of 46 trades, showing indecision, early exits and lack of conistance.

Friday, July 18, 2008

Slowing market

I traded this outside my time slot I know best ( Frankfurt opening) , in a thinning friday afternoon market. Result : -6,5 pips.

Three little ones

3 little ones in the pre-London hour. Just slices of the moves.

Wednesday, July 16, 2008

Re-entry missed.

+6 pips. Should re-enter at 165,87 and 9:44.

Tuesday, July 15, 2008

A strong trend

Entry on yellow group support.

Monday, July 14, 2008

Early close

Just 1 trade this pre-london morning, 7 pips, closed on full uptrend strength but doesn't matter.

Thursday, July 10, 2008

Support / Resistance

I had this easy long trade and 7,7 pips on the European session. I missed re-enties at yellow group support /rejection. These yellow lines (MAs) are very powerfull on a strong trend or correction.

Wednesday, July 9, 2008

European session

My 2 trades on Europe opening today. the first one was premature, the range was not clearly broken. The second was late entry again. -1,5 pips in total.

Tuesday, July 8, 2008

Early 6,5

It took quite a time to continue lower.

Monday, July 7, 2008

Late entry-2

Late entries have risks, especially in a range market like this. I didn't enter long at the TL break, I entered 6-7 pips later and I took the little reversal in the face. Risked 12 pips on this. Price retested the MA 21 and drove again north, giving me the opportunity to close wih small gains.

Bear's trap

A typical short entry fot me -continuation of the downtrend - and my typical refusal to close a losing trade. price went to -16 or so, i was lucky to close on the next price low test. A typical London opening reversal too.

Sunday, July 6, 2008

Weekly Stats : Week 31 (30/6-4/7)

A lost week, marked by the important mistake I made on July, 2. (see post). I spent then the rest of the week trying to recover little by little. Finally I recovered the lost pips, ending the week with small profits, but it's a pity that one single trade compromised the entire period. Lesson learned (again). Consistency not yet achieved.

Friday, July 4, 2008

Take 5

Easy 5 pips on this drop. Should re-enter later on this.

Wednesday, July 2, 2008

Just in time

Closed just in time, to protect the gains, as reversals can happen at every moment ( it happened indeed).

Mistake of the month

A new refusal to close a losing trade early, gave this important loss of 24,5 pips. Closed before a (more) important price drop. I hope this is my last one in the series of identical mistakes.

Tuesday, July 1, 2008

Late entry

Late entry on this gave no space for further development, so I had to close fastly with small gains. It could reverse sharply and give a net loser.

Monthly Stats : June 2008