Friday, February 26, 2010
Exhausted
No trades today, to avoid the last minute non-sense, as I feel very tired, almost exhausted. Need to protect the gains of an exceptional month for me. February is above +115%, my first account doubling using low leverage on a rapidly increasing equity.
Labels:
forex,
performance stats
Thursday, February 25, 2010
Epilogue
And then the last trades of the session, on a sharp, long waited, movement. Closing a very good day with some overtrading.
Labels:
forex,
trade analysis
Wednesday, February 24, 2010
Bernanke is speaking..
Bernanke started speaking on 17:00 my time and the volatility followed him. Price found quickly a direction and gave the pips.
Labels:
forex,
trade analysis
Tuesday, February 23, 2010
Sunday, February 21, 2010
Friday, February 19, 2010
Time to get out
Time to get out and leave for the weekend, as the move gets thinner and consolidation can wipe out the gains.
Labels:
forex,
trade analysis
Wednesday, February 17, 2010
Tuesday, February 16, 2010
Breakout
Waited an eternity for the breakout to happen on the first trade(and risked some), then i was reluctant to follow the move till the end. Stopping here with only 7 trades for the day and substantial gains.
Labels:
forex,
trade analysis
Quiet morning
Not much this morning, as I traded ultra-safely. Happy to align four little gains, just the opposite of previous post.
Labels:
forex,
trade analysis
Friday, February 12, 2010
The art of giving (back)
Five mini losers in a row, after a looong time. Why? Because I insisted to anticipate a new leg down. Result ; I gave back a considerable part of the previous gains. Stopping now till Tuesday, to cure my overtrading syndrom...
Labels:
forex,
trade analysis,
trades : the ugly ones
Wednesday, February 10, 2010
Tuesday, February 9, 2010
Monday, February 8, 2010
Friday, February 5, 2010
Recovery-6
Ending with these. Total: +130 pips for the day. 89 trades, which means I gave back 54 pips as commissions. +12,2% daily and 91,9% weekly, despite a moderate leverage (20-25). My best week ever, but it is mostly due to the exceptional conditions of the markets.
Labels:
forex,
trade analysis
The mouse and the cat (mistake of the month)
You are just a little mouse in this job and the market is the big hungry cat. The cat lets you have your daily food but If you are distracted for one single moment, you are lost, he will catch you for sure.
Post-NFP and I let the two elements of a common trap to be present: an unmotivated entry and a moment of distraction. So I entered against the fast trend, I was distracted ,I hesitated for a moment, no stoploss and then it was too late..! Closed finally at -92, at 123.33, which was the absolute high of the session!..
I had a moment of dilemma after this. To stop there, with a -13% daily, in order to protect a 52% gain for the week. Or to try to recover the day, using the extreme volatility of the recent days in my favor, with no more stupidities. I opted for the second and had a looong session with a lot of trades. Most of these, in the next posts.
Labels:
forex,
trade analysis,
trades : the ugly ones
Thursday, February 4, 2010
What a day -5
And these are the last ones. 279 pips in total today, 67% on account. This is the gift that markets offer to us, once every other month. And the daily bread for the common days..
Labels:
forex,
trade analysis
What a day -1 (lucky me)
I came back from vacation one day earlier for a personal reason and then i traded again this afternoon, after Trichet's speech. An easy to trade market as the collapse of euro was obvious and inevitable. Pure luck to be again in front of the monitors on such a unique day (as it developed), normally I would still be on the mountains!..
Labels:
forex,
trade analysis
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