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

Wednesday, September 29, 2010

Armed and Ready


Sat down today, and saw the range that EU had been in for the last few hrs. Higher lows on all the hrly candles, but topping out. Seemed like a break was iminent.

First trade was basically overbought at hrly resistance line. When the retrace did not really go very far, and held around the 25 level, I entered a buy after that nice dip down and back up, with an expectation of break out of range. Even though my logical target should have been the highs for the day, I exited at the first sign of a stall.

Third trade came quicker than I thought. I was expecting it to do a runner past today's high, but when it stalled and failed on 3 attempts, I entered short and exited with my set 5pips. Though at the time of writing this, it is 45pips off entry :-(