If you love me

Back home, after a splendid week in France. I was listening to new cds, late in the night in the hotel room, while the family was sleeping. Among these, a masterpiece : the biggest accordionist of our time, the French Richard Galliano meets the best vibraphonist, Gary Burton, in a superb duet. Piazzola transported in Europe, with spirit, intelligence and sensibility. A must have cd.

Only a few

Only these three for today. Preparing for a 7-days trip to France with family.Hope we will  not blocked there because of the strikes.. So no trades next week, as I never trade via an unsecure hotel connection.

Poor execution

Mediocre entries/exits, on a rather easy session.

Overcautious

Overcautious, on a very strong move. But who knows that before the end of the trend?

Late entry

Late entry on the second trade and only a few pips gain as a consequence and, more important, a risky third trade.

Going down

Overtrading

My 5' clock session. Two good trades and then five unnecessary ones. I had all the pips i needed and then I continued, to follow price further down. Consolidation gave minor losses and more conmmission expenses.

The only ennemy of my method is named  overtrading. Overtrading means gambling attitude. The ennemy is inside me.

Morning

Hesitation

A good start of session and a mediocre finish. The 4,4 pips trade was late entry, due to my hesitation. The last one was impulsive, closed in time..

Cautious

Post-FOMC

The trend was strong but this is easier to confirm afterwards. When in action, and because I trade with big lots, I prefer to have tight stops and multiple entries/exits. High volatility means also deep retracements. I can't afford to go long and then get a retracement of 40 pips in the face, praying for the price to go up again. Act like a sparrow: one little piece at a time, again and again.

Post-NFP

One loss while in the range and then the big shot, on the move down . Followed by two additional moves. The entry on the third was terribly late and as a result the trade became vulnerable and  was saved in extremis from a big loss, as the violent correction came immediately after my exit.

Pre-London

London opening (again)

Quiet and peaceful London opening.

Don't play with a strong trend

Four of these many trades were contra-trend. Three of them gave small but unnecessary losses. Anticipating a correction on a strong trend is the shortest way to perdition.

One hour later

London opening

London opening becomes more interesting day after day..