Food. Music. Sex. Work. Family. The important things in life, all in one delirious, mad, funny film. Turkish director Fatih Akin tells a story about the Greek-Germans of Hamburg. Terrific actors, astonishing soundtrack. This is precisely the kind of little films we can still view in Europe. In 10-20 years all theaters will be showing american popcorn like Avatar...
Link
Tuesday, December 29, 2009
Time to think, to rest
No trades till Monday. Volatility is low right now, as the big guys are on the mountains. Time to review the ending year.
Saturday, December 26, 2009
Choosing a pair
A friend commented in a previous post : "Most of the time you trade EJ sometimes you trade EU. Do you watch both pair at the same time? When you trade EU how is that experience different from trading EJ? Isn't it that EU is very slow, unpredictable and spikes too much?"
I always have open charts of both pairs and examine the setups on both. I usually choose the pair with the bigger volatility. I have an ADX indicator (1 min) on a Market Analyzer in Ninja Trader which calculates the volatility of the two pairs for me. I choose the pair with the bigger ADX reading, if I can "feel" the corresponding setup. I also avoid trading when the pair has ADX<20. I "discovered" that, most of the times, when one of these two pairs ranges, the other one trends , and vice versa. This is due to the triangular correlation and fixing between euro, usd and yen.
When euro/yen stutters, euro/usd is FASTER, in most situations. No pair is unpredictable in the (very) short term, no one is predictable in the long term. Hope this helps.
I always have open charts of both pairs and examine the setups on both. I usually choose the pair with the bigger volatility. I have an ADX indicator (1 min) on a Market Analyzer in Ninja Trader which calculates the volatility of the two pairs for me. I choose the pair with the bigger ADX reading, if I can "feel" the corresponding setup. I also avoid trading when the pair has ADX<20. I "discovered" that, most of the times, when one of these two pairs ranges, the other one trends , and vice versa. This is due to the triangular correlation and fixing between euro, usd and yen.
When euro/yen stutters, euro/usd is FASTER, in most situations. No pair is unpredictable in the (very) short term, no one is predictable in the long term. Hope this helps.
Labels:
forex,
setups,
trade analysis
Friday, December 25, 2009
Wednesday, December 23, 2009
Eurusd today
Smooth movement on eurusd this afternoon. One trade closed prematurely and a scared exit on the next one.
Labels:
forex,
trade analysis
Tuesday, December 22, 2009
Lazy afternoon
Lazy trades, waiting for Christmas vacation. As a result, entries and handling become approximative and risk increases.
Labels:
forex,
trade analysis
Friday, December 18, 2009
Thursday, December 17, 2009
Morning thrills
Terrific Frankfurt opening, with sharp movement. One fault on the chart, an unnecessary contra trade, not closed at once. Respect the trend!..
Labels:
forex,
trade analysis
Wednesday, December 16, 2009
Post FOMC boredom
Spent the evening with this non-sense, waiting for the range to break. At the end I was very bored and entered inside the range and had a loser, of course.
Labels:
forex,
trade analysis
Tuesday, December 15, 2009
Steady pace
Price got a steady pace going up and gave decent pips. The last trade, a contra-trend one, was entered at the break of local minor support.
Labels:
forex,
trade analysis
Greece smashed the euro!..
(upd) Our brilliant (just kidding) Prime Minister spoke finaly yesterday and said nothing concrete about the greek debt and his recovery plan. As a result, today, shortly after the european markets opening, traders shorted firmly the euro against dollar. 80 easy pips in one hour time. The fundamentals guys made easy and predictable gains. I wasn't there to trade this, my mistake. In the last few days, little Greece smashed the euro by 4%, almost 600 pips..
Labels:
forex
Monday, December 14, 2009
Boring day (till now)
Trying to grab some in a completely flat session.. Euro and the crosses wait for the rescue measures for Greece' economy, to be announced at 20:00 my time (18:00 London), by our supreme Prime Minister. Humanity in the hands of Mr. Bean...
Labels:
forex,
trade analysis
Saturday, December 12, 2009
Whatever works
Splendid return of Woody Allen to his beloved New York, after several films in Europe. A clever and nice movie. It made my day. Superb dialogue as always, full of ideas and perfect actors. Happy Hannukah!..
Labels:
movies
Thursday, December 10, 2009
Perfect day
Today I had what I call a perfect day : fast gains with four trades only. And then getting out of this. After some days of overtrading and addiction feelings again.
Labels:
forex,
trade analysis
Wednesday, December 9, 2009
Tuesday, December 8, 2009
Forcing things
Insisting on a contra trend, with very tight stop, is not very wise.. The two reversal trades were just premature, the reversal came later and in a natural way.
Labels:
forex,
trade analysis
Monday, December 7, 2009
Getting a direction
First trade was lucky, then it took some time to get a price direction on the chart. This is precisely the moment I look for. But the trades inside the unbroken rectangle can be painful.
Labels:
forex,
trade analysis
Friday, December 4, 2009
Eurusd
Allways monitoring 2 pairs and choosing the one with the bigger volatility. Today and post-NFP, it was the euro/dollar.
Labels:
forex,
trade analysis
Wednesday, December 2, 2009
Poor execution
I was in very bad shape today. Risked a LOT on the first, then I closed trade precisely when previous high was taken.. Smart guy!...
Labels:
forex,
trade analysis,
trades : the ugly ones
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