Sunday, May 10, 2009

Lundi, moyen !

Hi everybody !

Today I havn't had a lot of time for trade. However I have taken a position. But I have closed my trade when the price has stop to move. 

But don't worry, there is a lack of liquidity. (Non-working day in Japan and England.)

Buona sera !

Vendredi, pas terrible !

Hello ! 

May 1, non-working day for France and many countries. So with this free time, I decided to gardening !

This is a joke ! How can I gardening when forex call me ? That's impossible ! But maybe I should have...

So I begin my day with my alarm which ring at 6:30 am ! I've forgotten to stop it... But fortunately, I sleep two minutes later.

I wake up at 8:30 am, I turn on my computer like everyday and I run MT4. At first sight, the market seems really flat, but it's normal for May1.

During the day I have taken few positions, but without real signal. So I lost few bucks...

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I close this week with a negatif result. That's not really surprising, because I have traded without discipline from wednesday until today...

Result of the week : -87.88€ so -4.39% 

Have a nice Week-End !

Jeudi Noir !

Good evening.

Today was a really bad day. I made some newbie mistakes, and I didn't respect any rules. 

I have continued to trade with several orders in the same time while I've already lost more than 4% of my asset.

I didn't wait any signal to take a position and I've traded whereas I knew that I had no time...

Black Thrusday for myself.

Good night.

Mauvais Mercredi, mais finalement pas tant que ça !

Hi ! 

Since a long time, wednesday is a bad day for me. The only day where I can trade almost all the daytime, it ends mostly by a loss... So I took the decision to change this !

This is my day story :

10:30 am : I'm back @t home. I turn on my screens and I run MT4. I'm ready to "trade forex like a pro" (FxPro Advertisement seen on Bloomberg TV).

Forex is rather flat, I have forgotten but today it's a non-working day in Japan. They are in Golden Week. But no stress, there are some news at 2:30 pm

2:30 pm : I take a short position on GBP/USD, but few minutes later I'm not confident and I decide to get out of my position. Result : 0 pips, it's a neutral trade.

2:45 pm : I open a short position on GBP/JPY, I put a tightened stop loss. More tightened than I used to set. The stop is reaches 20 minutes later.

In the same time I re-short GBP/USD. And when the stop was touched on GBP/JPY, I have decided to move down my TP in order to recover my loss. Very Good Idea Madjes ! The cross rebounce on a support, I'm afraid and I leave my position.

Results of these 2 trades : -26.5 pips or -27.14€ !

Mood : Angry !

After this 2 stupids trades, I decide to calm down and to listen nice music : America - Ventura Highway.

5:00 pm : I'm calm. In trading regrets are useless, so I have learned my lesson and I continue to trade.

5:15 pm : GBP/USD breaks its trendline and I open a long trade without hesitance. I set my stop loss and my TP at 30 pips. 

5:20 pm : EUR/USD follow GBP/USD. I'm long. TP and stop loss at 20 pips.

Few minutes later, my target is reached on EUR/USD, but GBP/USD is turned over and I decide to leave for security with + 20 pips.

Results of 2 trades : +40.1 pips or +40.10€

Wednesday doesn't will be my bad day anymore ! 

Result of the day : +13.6 pips or+12.96€

Have a great day !