I’m not playing for thrill of fucking victory here …
Anyone interested in trading should see this movie – Rounders. So many parallels with trading, a lot of wisdom behind words of this movie. If you haven’t see it you should definitely check it out.
IV Index – scepticism in every sector except the GOLD sector
But given that every single other asset class we looked at saw rising IVs versus last month, we can only look at the ‘Gold VIX” as a real sign of confidence in the metal. Or, of course, a real skepticism in everything else. source: zerohedge.com
End of the week recap = + 275pips
Overall this week has produced solid gain of +275pips. VFI produced 21 trades this week, TrendTrace has produced 3 trades and T3 strategy just one trade. Looking back there were times where I could feel that my holiday time was bit longer and some…
Afternoon trading session = +19pips
VFI produced only 2pips gain so nothing to talk about and TrendTrace strategy produced 17pips. This was a HIGH PROBABILITY TRADE but had to be closed before reaching its target for the bearish price action development. Target was about 70pips with…
Forex roller coaster of this morning (-13-8+4+15+14=+12pips)
Crazy morning today(trading VFI). I have started with a loss of -13pips. This first trade (W formation) didnt work out well and I kind of missed the signals to get out and finally I was stopped out (I hate when it happens because it is worst possi…
US Open 2010
Great time for all tennis fans with last Grand Slam of the year. Last year we could have seen in the final five time consecutive winner Roger Federer lost to Argentina’s Juan Martin del Potro in a match lasting over four hours which was of course …
Afternoon trading session = +108pips
For the afternoon session I had to take care of something else so I wasn’t able to trade at the computer however just before I went away I placed one trade. Whole morning I was waiting for JPY pairs to move and at my TrendTrace strategy I could se…
Back to trading – first loss is the best loss (-5pips)
After long holidays I am back to trading again. Today’s sessions was good even it produced small loss. Since I haven’t traded live for last two months I have set strict targets for my trading. I wanted to take it easy so here is a short list of wh…
Numbers and GDP on drugs
I am constantly surprise how we need numbers to confirm our twisted biases. We love numbers for its definiteness and for that reason we are easily fooled by fake reality they often represent. We believe it as we believe simple math where 1 + 1 = 2…
GBP/AUD strong monthly resistance at 1.7550
With Australian political parties not being able to produce a majority government for the first time in 70 years and technical indecisiveness of British pound we can see nice and strong resistance around 1.7550 at GBPAUD. Last lower low was create…