One more day with S&P future and I am more than delighted! Razor-sharp precise moves and executions, no instant pull-backs (just to hit my 6-8 pips stop), (almost) no spread or slippage, the lowest commission and the profound sentiment that THIS is the scalper's instrument par excellence. A scalper can here enter trades with 10-20 contracts (or more) whithout fear of slippage or stop hunting due to lack of liquidity, and go for 2-5 ticks easily and with minimal risk.
I entered a short at NY opening (16:30 my time) -tricky time- and got a loser. The rest was quite simple. 22 pips (I should say ticks! lol) today.
"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.
Price moved wildly after FOMC on all pairs as usual, on eur/jpy we had a false breakdown and then a move to a new high in less than 30 min. ...
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.