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Jumat, 16 April 2010

Thrills

On the first trade, I was short and around break even when, at 13:06:05 precisely, sudden news came out from NY and price moved fastly against me. My stop was at -5 pips but was filled with slippage, at -12. Surprised, it took me 12 seconds to be convinced about the strength of the move and re-enter long, just in time to grab 22 pips and breath again. Then I had some smaller gains, as the big guys were taking profits...VERY risky and very consuming..

Forex is often a lot more risky than the worst, suckers oriented, casino game.. Without this slipped stop, I would be served a -60 pips loss, in no time...Ended the day with a +26.

No doubts

...then euro/jpy decided to speed up. Easy trade, no doubts there.

Doubts

Splitting a trade into several ones. Price moved slowly down, therefore a need to lock tiny gains and avoid a sharp reversal. But this increases the risk of the next trade.

Kamis, 15 April 2010

Euro vs. $

A few pips on eur/usd while eur/jpy was awfully stuttering. The major is the playground for now, all the move and thrill are on eurusd  these days, the euro must get a medium term direction soon.

Selasa, 13 April 2010

Back to trading

Back to my monitors, after 8 (splendid) days off-line in Italy. The eur/usd had again a better volatility during my trading slot today.