Vacations time

I am on the mountains with family now and i intend to stay here till Aug. 15! My happiest period of the year, I am delighted to spend all my time with the kids, in a splendid location. No internet connection, but the ipad works full time (off-line), with pre-loaded books and the daugthers' games.. Euro can move up or down, i can hardly notice that.. Enjoy your summer you all!..

Going with a pace

Late entry - early exit

Post-NFP

Despite my false direction at the start, I took fastly (10 minutes) my 20 pips for the day and closed charts.

You must be fast

First trade was an easy one : last move up propulsed by the previous steam and sharp move (see the slope of the band). I knew it was probably a little move and because of that I closed at +5, almost at the peak, not waiting for more. Second trade is the best of these three : closed at -1, as soon as I felt the price immoblity (=reversal). Third was to cut the flower at the peak again and get out fast.

Strong bias = dangerous trap

The strongly biased market of the last two days (sharp decline of the euro) made me trade whithout a safety net. Price went to -13 on the second trade (as the max. -10 stop was unefficient yesterday) and I was ready to close with a big loss, as the correction could drive much deeper. Suddenly the price scetched a local lower high and dropped like a stone! I closed at +5 and I couldn't believe I was on the positive side!
Not very professional trading, really...Like a newbie, again..

Going down (obviously)

Free fall after Portugal downgrade, everybody was sure the euro was going down sharply, except me. This hesitation produced mediocre entries-exits. Average execution generates also bad luck : price reversed in my favor exactly after I was exited with a 10 pips loss (7th trade), the maximum loss I could accept.

Funny (phony?) stories

The latest and shortest joke has just 3 words : American judiciary system!!!

I knew for the very beginning that all this stuff was a bad b-movie, pure (and poor) creation of a mediocre screenwriter. That's why I was mad (and I wrote here) about the treatment and the public demolition ("perp walk" etc) of the man who would be the next president of France.

 At the beginning of this cheap story, the maid was a "honest and hard working woman". Now she is a liar, a "hooker" or simply a manipulated person or an agent. It took 2 months to the NY police and attorney to know who the maid really was. Enough time for Strauss-Kahn to step back from the head of IMF....

""The justice system is already screwed up - too many innocent people wrongly convicted and no way out. DSK's money saved him, never forget that."' (a comment from a "deep America" reader, in the NY Post tabloid).