Not much posting recently, I was busy trading...There is a unique opportunity to make big profits right now, just by following the banks and other elephants. If it is moral for the Deutsche Bank to make billions by shorting the euro (and expressing their fears about the unique currency at the same time), why is not for the thousands of little sparrows who try to make a living.. Anyway, the volatility is frightening now and shows the vulnerability of the system.. A little mistake in one computer is enough to produce a disaster, like the recent one in the Dow.
i had the above chart, among others, on a violent reaction (buying back euros?) to the euro sell-off.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I risked on the first trade only, then I saw the shallow market and I went for the (very) little.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.