Thursday, October 15, 2009

Gbp on rocket fuel

First short was with half size because it was against a trend. It's risky to even try things like this, it's not so good trade. It's attractive to be a contrarian on strong trend, but it's just ego wish.
I missed first part of strength in usd/jpy while I was trading gbp/usd. I took nice scalp as I should always, in the direction of trend when previous consolidation level give in.


+12 pips


Wednesday, October 14, 2009

Made up trades

With working in the morning I wasn't able to stay at home and trade. So I catch some time at work. In the end I was trading trades that were mostly in my head. Not really nice market for any kind of trading. I gave myself opportunity to gratify the urge for trading even if I knew at the time that it could backfire. Better to be consciously irrational then unconsciously. At least I was trigger happy regarding exits.

+5 pips





Tuesday, October 13, 2009

Three trades

Two scalps in gbp/usd after the news time at 10:30. They were made with half size because I didn't believe that 12 pips stop would be enough if things turned against me because of volatility. So I doubled the stop and cut size.
Trade in eur/usd was with full size. It gave 4 pips. It looks pretty much random. I took it because of developement in eur/jpy and jpy/usd at that time. They were going down and by the speed of eur/jpy there was a chance that it would pull eur/usd as well especially if usd/jpy hit some small support.

+15 pips


Monday, October 12, 2009

One trade

There were five attempts to go through 5800 before gbp/usd did it. I was close to being stopped out after twenty minutes in the trade with stop at 5780.
+14 pips

Wednesday, October 7, 2009

Bigger size

It wasn't good day for my kind of scalping. Also I was in the start impatient. I wanted to trade and I didn't wait for right chance but I took first one. Second trade I had nice profit but I still believed in break out of the highs. After third profitable trade I lost all in fourth getting in on spike up. Really impatient. In the end I got lucky in gbp/usd where I picked up bottom and recovered losses.

To all that I have to add that my position size was double from the one last month, so that also added to nervousness. I now need to get accustomed to trading with that size.

+4 pips


Thursday, October 1, 2009

Two scalps

On my first trade I was surprised how gbp/usd came back after spike off resistance that you can see on 5min chart.I closed because it stopped ascending in front of figure, so I didn't want to risk pullback.
Second trade in eur/usd was interesting. I included 5sec chart so you can see how hard fighting was even if there was fair pressure to brake down. I didn't want to risk staying in here because it was going against major support on daily and it wasn't nice for clean scalping.

+10 pips