Saturday, February 26, 2011

Black Swan

I went to the movies, to watch Black Swan yesterday. Impressive but rather overrated, imho. It is a must see however, for two reasons : the fabulous performance of Natalie Portman and the last 15 minutes, an exceptional Swan Lake ballet filming. The whole movie has a quite hysterical tone. I prefer to remember the director, Darren Aronofsky, as the creator of the awesome Pi!

Friday, February 25, 2011


Silly risk taken on first trade, then some quite pips.

Thursday, February 24, 2011


Too many trades and contra risky ones, in a rather easy morning.

Wednesday, February 23, 2011

Tuesday, February 22, 2011

VERY late first entry and subsequent trades.

Sunday, February 20, 2011

Nostalghia - Song for Tarkovsky

Working late in the night with this EXQUISITE work in my earphones. French composer and pianist Francois Couturier wrote superb music inspired by the biggest movie director : Andrei Tarkovsky. An excellent way to find again your (my) inner peace and serenity.

Friday, February 18, 2011


After the previous "perfection", here is my worst session since a long time. Everything is wrong on this : entries (compulsion to trade on a heavy range, entering against the supp/res levels)), exits (silly waiting for a stop to be filled). Bad timing, compulsion, need for revenge, addiction, all the human alienating passion  is there to be scanned by those who need to avoid this. Enjoy!

Wednesday, February 16, 2011

A perfect session

Strong and smooth moves, almost predictable. Trader's heaven.

Tuesday, February 15, 2011

Not much

Not much in a session with some dynamism. Mediocre trading.

Monday, February 14, 2011


The breakout came this Monday morning finally! I followed price keeping in mind to stay in the trade as long as I could, to avoid exits / re-entries. I exited at S2 line, to keep gains above 30 pips.

Friday, February 11, 2011

Friday's mistake

After considerable gains this afternoon, due mainly to increased volatiliry after Mubarak's resignation, I commited a newbie's mistake at the end of session, when I should already have stopped and enjoy the evening : I insisted to go for the break of the daily low, despite the strength of 1,35 support and  the "traditional" Friday's afternoon incapacity to initiate big, genuine moves. Silly me.. I took a -15 to close charts and play with my kids..

Wednesday, February 9, 2011

Tuesday, February 8, 2011

Monday, February 7, 2011


Smooth and quiet waves in one direction, perfect situation for this kind of trading.

Friday, February 4, 2011


Missed NFP today, came late from a trip and had some pips before the weekend.

Thursday, February 3, 2011

"I can't be wrong"

Two red bars at the same level but I can't be wrong, price must go up! So I lowered my defense and got an uppercut on the face!..-14 pips and felt really stupid.. This is the price of arrogance. I can't be wrong means I am smarter than the markets. But I have already learned that I am just a humble follower of the market. The days I feel I am something special, the loss is there to keep me on the soil...

Wednesday, February 2, 2011


Compulsive trading is just that : trading and trading at aeternam, exiting and re-entering at the same point, again and again. Overtrading is the "art" to destroy a genuine price move by splitting it into many trades and get ruined from the paid commissions.. From this 40 pips move I got ..nothing and payed a lot to my broker too.. I had a minor excuse - the move was hesitant and i had to be cautious and expect a reversal, BUT this is only an excuse..

Tuesday, February 1, 2011

Breakout and retracement

1.3757 (blue horizontal line) was the daily high. I was very cautious with that level, I closed trades, not waiting for the breakout, when price approached this  and found the slightest resistance. I had then two trades above the level, at the break of the high, very cautious again. But, from all these trades, the one I am proud of, is the last one, a breakeven. I closed immediately when i "smelled" that a correction was imminent.

As a scalper, I am realy privileged to trade as described above : imagine, on the contrary, a guy who trades the 15m chart and went long at the break, 1.3760. Taking an affordable risk, he has a stoploss of, say, 25 pips. But price retraced immediately after the break to 1.3728, 35 pips lower with spreads and stop was reached! Even worse, at the previous attempt to break this level today, price retraced 60  pips!.. All stops were taken...