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Kamis, 20 Mei 2010

Before the opening

A strong price move, a few minutes before the London opening (10:00 my time), as the market expected a new support for the euro.

Following the elephants

Not much posting recently, I was busy trading...There is a  unique opportunity to make big profits right now, just by following the banks and other elephants. If it is moral for the Deutsche Bank to make billions by shorting the euro (and expressing their fears about the unique currency at the same time), why is not for the thousands of little sparrows who try to make a living.. Anyway, the volatility is frightening now and shows the vulnerability of the system.. A little mistake in one computer is enough to produce a disaster, like the recent one in the Dow.

i had the above chart, among others, on a violent reaction (buying back euros?) to the euro sell-off.

Selasa, 18 Mei 2010

Greed

I had a total of 90 pips gain before the last trade on this (-7), but I wanted more to close the day. In consequence I re-entered early, just after the first red hook, not waiting for a round formation to materialize. As a result I got a -7 on the face, ending the profitable day with a loss.

The euro moves (again)

One more spectacular day, as the euro moved generously again this afternoon and gave easy pips.