Many trades after NFP, totalling 67 pips.
Jumat, 06 November 2009
Mistake of the month
The price on this topped with two red bars on same level, then started to drop. I was distracted and super-confident, so i didn't close, even when price gave a second chance to do this. The important loss was the natural consequence.
Kamis, 05 November 2009
Rabu, 04 November 2009
London
A few pips on the London opening, going with the stream (up). New York session is more volatile than London recenlty, so i don't trade in the morning anymore. Today was an exception.
Selasa, 03 November 2009
2 years Forexbird
The sparrow is 2 years old! This blog was started on October 31, 2007. The very first trade analysis i did is here. The purpose was to keep a record while scalping the euro pairs, inspired from M. Weinstein's conception (see the motto on the left). Two years and 570 posts later, a lot of things have changed, my style and tools, my attitude towards the market. Back in 2007, although I had allready 2 and half years of forex trading experience on my back, I was still hooked on indicators, "systems" and methodologies found on technical books and the internet. It took me another two years to emancipate myself from all this stuff and to evolve towards simplicity : all I need now is to feel the price movement. Nothing more, nothing less. No indicators, no systems, no trading teachers or gurus. I still have indicators on my charts but I don't pay much attention to them anymore. Trading, scalping especially, is pure geometry. You need time to get your master degree on trading geometry. You only have to study the price movement on (thousands of) charts, for some (long or shorter) time.
Senin, 02 November 2009
Purity
It is written somewhere (in Bhagavat-Gita I suppose), that only flowers and children are pure on earth. A humble price movement can also be pure and beautiful, like the one of my last trade. So evident and simple, like an euclidean theorem, or a perfect circle. 75 pips for today.
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