18.2.2013 – intraday trades
STATS:Trades: 3Return: -1R (1/2 -1 + BE + BE) Pays: Break & holdPairs traded: EURUSD
Trading thought process
This is the trading thought process I am using before each entry Preparation part: SETUP is this a playbook entry? is this play supported by big picture? is it in line with big picture trend? is it momo or swing trade? RR is the RR > 2? is the ris…
He’s got no ego
Nice retro view at three currency traders and dealers – oldschool style by pen, paper and the ticker :). I wonder if they have ever calculated their R’s and if they are still around these days. The main message of the video: “He’s got no ego. When…
Week ahead – EURUSD, USDCHF, GBPUSD
Not much of a change on the EURUSD front from the last week (trading plan is still valid). EURUSD is still holding above the entry which I have mentioned previously (3290).The longer we stay above this level, the stronger support is created. To pu…
Blame the lead
Gasoline lead is responsible for a good share of the rise and fall of violent crime over the past half century. Wtf? An interesting read though 🙂 source: motherjones.com
Week ahead – EURUSD
EURUSD is approaching a critical level where more biases would be found. 3300 – 3290’s is next critical inflection point. As I have stated previously my bias is bullish as long as we are closing above 3250’s. This time I would like to trade this 3…
The TAPE
So why did I get short and not long? The offer was doing more volume then the bid. I look for the price doing the most volume and follow it accordingly. If the seller lifted 107 and the bid was able to sustain above 107, then I would have had gott…
Update on EURUSD
In my humble opinion we are going to see even more downside in the very short-term future from EURUSD. 3400 is key! If that level holds-ish (+-30pips) we are going to see new highs. If not I would expect a retest of 3250’s. Below that I am a BEAR …