Monday, October 25, 2010


After having to deal with opening new gain acct, and all the associated paperwork, then setting up NT to work with gain etc, noticed that I was not getting the same signals as before. Which was quite frustrating. So spent most of last week just watching the scree with my signals to get a feel for what was happening.

Bottom line, have had to become more diligent and conservative in where I take my ob/os trades. Am having to wait even longer now for levels to coincide with trades. Hopefully this will be a positive and make me trade less, but with better strike rate.

This is the first trade for the day, took the first red as it was just as EU was breaking out of the range. Took the buy as the retracement into the range was very little, giving weight to a genuine breakout. Even thought it went up much higher than where I exited, my exit was based on 'apparent' exhaustion of momentum.

Done for the day.

Thursday, October 14, 2010

Thursday

I had pivot at 54, and just waited for the downward momentum to stop. took my buy and was done with 5 pips.

I really should have shorted the failed break of 4100 much earlier on, but was just too chicken to take any sells with such strong momentum of eu and dollar weekness.

Wednesday, October 13, 2010


Waited a long long time for this trade. Almost didn't think it was going to come. Even though market was moving down, everytime I thought abt shorting it, it retraced up and would have gone against me had I been in the trade. So I just decided to stick to my guns and wait for my trade of testing of yeseterday's high, which was also the high of a very high volume 1H candle.

Tuesday, October 12, 2010

Tuesday


Couldn't get to the desk at my normal designated time during eur open, happened to be at the desk during this down turn, andfailed down spike coupled with o/s. GU was hitting pivot, and so was EJ, so took a bounce for 5pips. Probably finished for the day.

Monday

Knew it was holiday in US, so market would have had a tendency to be choppy (potentially). I just waited for my simple pivot trade, took my buy of the pivot bounce at 14, and exited with a simple profit, finished for the day

Tuesday, October 5, 2010

Simple trade into eur open, break of 00, and then hesitation, took my simple 5pips and was done for the day.

Monday, October 4, 2010

sometimes it just wasn't meant to be!!!


Well,

Sometimes it just isn't meant to me. First trade was basically break out of range and failure to carry with over sold coming into play. My next target to short was high's from Friday, but it started to stall just below that level, so I took my short after that nice upthrust that I love after a nice move up. Exited on my normal 5pips, walked away only to come back a few hours later to see it has moved 100pips further.

Oh well, such is a scalper's life