The forexbird: March 2009

Tuesday, March 31, 2009

Monday, March 30, 2009

A better exit

Entry and exit based on CCI signals. Exit was spot on, just before the resume of the uptrend.

Monday opening

Second trade was not closed early, risked 10 pips to close finally at +1,5..

Sunday, March 29, 2009

Friday, March 27, 2009

I was alerted by a friend about the big drop and re-opened charts. I tried to enter on reaction at 4H low (2nd trade), I was lucky to close fastly because price moved through this in seconds... Very risky, not to consider again. Then I went with the flow and had some pips.

Pre-London

A few pips before London opening and back to my daily schedule. I will try the Friday closing, in the afternoon.

Thursday, March 26, 2009

NY

A much smoother NY opening.

Range again

Another flat london opening, due to the flat day on the European markets too. Should I change my trading time slot?

Wednesday, March 25, 2009

In the range

I insisted to trade in the tight range and very close to a hourly low. Not a real thrill. 4 winners, 3 losers. Total : 11 pips.

Tuesday, March 24, 2009

Two trades

Two trades only this afternoon.

There was a perfect setup at 18:22, as Andrea Oppenheimer suggested in the comments, but I was distracted at this moment and missed it. More setups to come :).

Coitus interruptus

Simple maths

Pre-London. 3 winners, 3 losers. I kept losers smaller than winners. By doing this i had a gain of 10 pips, even with this bad w/l ratio of 1.

Second trade could be closed with small gain or breakeven.

Monday, March 23, 2009

One more

...had 1 more trade before I leave. The late entry had some risks.

Monday morning

10,6 fast pips this morning and back to my day schedule. First trade was closed at b/e whith no reason.

I will try to be back around 14:00 UK time.

Sunday, March 22, 2009

The age of stupid

The year is 2055. Most of London is under water. Sydney is in flames. Las Vegas is being swallowed by the desert. The humans have perished. The Archivist lives alone in a concrete tower in the middle of the oily ocean somewhere around Norway with a museum collection of stuffed animals and priceless works of art. He sits in front of a transparent space-age screen and rifles through genuine newsreel clips, wondering why we failed to fight the 2 degrees of global warming that pushed the planet beyond the critical point in 2015. Why didn't we save ourselves when we had the chance?

'The first successful dramatisation of Climate Change to hit the big screen', wrote The Guardian.

I had the chance to watch this terrific and terrifying film by director Franny Armstrong, at the Thessaloniki Doc Festival. Opening right now in UK and around Europe. Don't miss it!

http://www.ageofstupid.net/

Thursday, March 19, 2009

Last one

Here again, cci knew about the end of the move.

A week ago, i watched a webinar of the cci guru, Ken Wood (Woodie). I don't like his fanatism about cci but, speaking of indices (YM mainly), he demonstrated how range charts are better for this indicator, eliminating the noise of time charts. I think that is more than truth with forex.

No trades tomorrow, I will be travelling. I will miss the fixing of Friday afternoon, which, with the huge movement of this week, will be tremendous, I presume.

And this

First entry was late, second trade was closed on divergence.

CCI again

Started the day very badly, cci was ignored as I refused to accept the reversal and had a -15,4 on the face. Silly me!.. I followed the wave up then, with scared trades and then went for the reversal again, following cci for entry/exit with precision, for a change.

This chart is a good summary of my "discoveries" and uses of the cci, together with the rainbow. It shows also my big problem, the refusal to accept the obvious, like a losing trade.