Friday, May 28, 2010

I came back! (3)

..a new fast move, wider than previous one, took place. I stopped immediately after this to enjoy my evening with family, Wayne Shorter and good white wine...This is my definitive end of month..

I came back! (2)

..then I lost some forcing a new leg down while an obvious range was there. I was ready to give up for the day when..

I came back! (1)

I could not stay with closed pc this afternoon, I was looking at charts again when euro dropped beautifully below the 112,10 hourly support and the pips came in a natural way.

Thursday, May 27, 2010

May is over (for me)

A month of many thrills this May. A wild environment in currencies and economy and rumors everywhere, a frightening volatility on all markets. Personally I suffered from serious slippage in my trading for the first time and I am sure it is not the fault of my excellent broker. The price move simply shifts to a gear too high for the scalping level we live in. What does a sparrow in the jungle, anyway? Despite that I had a profitable month and I need to slow down to protect the gains. If I am happy for something, this is not the profits, it's the gained consistency in hard times..

Wednesday, May 26, 2010

Back to trading

Back to the charts, after several days, as I waited the volatility to calm down a little.

Thursday, May 20, 2010

Before the opening

A strong price move, a few minutes before the London opening (10:00 my time), as the market expected a new support for the euro.

Wednesday, May 19, 2010

Following the elephants

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.

Monday, May 17, 2010


I had a total of 90 pips gain before the last trade on this (-7), but I wanted more to close the day. In consequence I re-entered early, just after the first red hook, not waiting for a round formation to materialize. As a result I got a -7 on the face, ending the profitable day with a loss.

The euro moves (again)

One more spectacular day, as the euro moved generously again this afternoon and gave easy pips.

Thursday, May 13, 2010


Going with the flow again, getting out at the slightest resistance and re-entering at the (or a tad before) the previous exit point.

Wednesday, May 12, 2010

Go with the flow

..and avoid the contra trades..

Monday, May 10, 2010

And this

And this to end the day. No more trades for today, price can stall in a range before a new correctional leg up (or down, who knows?)..

5 o' clock

The usual volatility around 17:00 my time (10:00 EST). Some pain in the beginning and then a free shot.

Sunday, May 9, 2010

My Sunday

I wake up early on Sundays, at 6:00 or 7:00, I don't want to miss the early performance of the birds in my garden. Every Sunday I am offered a sublime 2-hours symphony for sparrows, blackbirds and other species. Although I am mad about music, I have accepted that no human creation can match this marvel in harmony and invention.

Sometimes I make an exception and the human talent comes via the earphones instead of the birds. Coltrane, Bach, Bill Evans, Satie. Today I listened to The Beautiful Voice, of the great Renee Fleming. Not a new cd (1998), but one of her best. The big soprano made a selection, from arias to folksongs, of the perfect  material for her voice. The result is astonishing. You have never heard such a Rachmaninov Vocalise before, or a simple, exquisite folksong d' Auvergne, among other jewels. Moments of serenity and deep emotion on an early Sunday morning. Thank you Renee!..

Friday, May 7, 2010

What a day (again)

These are the last trades for today. One more exceptional day is over, volatility and madness and fear, a sign of the new difficult period we enter globally.

269 pips won today, in "just" 53 trades (98 yesterday), 2,5 hours of trading. 31 winners and 22 losers. Average winner was 12,3 pips and av. loser 5,1 pips. Biggest winner 53,9 pips and biggest loser -12,8. Today I won only 15% more pips than yesterday but I earned 40% more money, with the same lot size, just by cutting the number of trades by half.

I stopped trading after this, to go swimming with the family, in order to preserve the gains and myself from the fatal trading addiction...

Post-NFP (2)

My method is vulnerable when price makes a step back for every little move it makes, just to collect the tight stops like mine. That is why I had mediocre results on the left half of this chart and other small losses elsewhere. When the move speeds up... the sky is the limit.

Post-NFP (1)

Volatility is there to stay, for a while (?), not related with NFP news. The NFP announcement just pushed the button. I entered as soon as the spread narrowed enough after the news and when a direction was profiling.

Just before the opening

Traded this just before the London opening (10:00 my time) and then stayed out to avoid the usual range before the NFP announcement.

Thursday, May 6, 2010

A day to remember (2)

Wild evening, as the Dow plummeted  suddenly by 900 points.

A day to remember (1)

Another exceptional day - the euro under heavy speculation. Instability and risk aversion are everywhere, nobody knows when this new crisis ends.

232 pips won today, in 98 (!) trades, although I traded 3-4 hours only and missed many "free falls". 54 winners and 44 losers. Average winner is 8,1 pips, av. loser is 4,7 p. 60 pips given back as commissions cost.

Wednesday, May 5, 2010


With a little patience, a second leg down was created and gave the final pips.

A long, exceptional day is over, with many pips and many trades.


Trying to force price to continue down while a correction was there.

High volatility

A high volatility day (because of euro collapse). A relatively easy setup, just follow the price.

Tuesday, May 4, 2010

A lot of trades

i need to trade less.