I could not make any money this morning, early London did not make any sense to me. Than came the news which I don't trade, even if I don't trade it I like to develop some theories about it. Something that I notice very frequently is when the market ...

From mediocrity to mastery

Quick correction the post quoted above says 4:23 when it is really 5:23 Anyways, we are now a few seconds from the end of part C. At 5:29 minutes the first order goes for 58-63 GBP/DMK While they are buying the price spikes to 58-68 but most of the ...

Billion Dollar Day video analysis

I'm just waiting here till the market cools down and comes back to more predictability. I'm not a volatility trader so I try to get out before big news, meaning that a lot of big news impact my trades. Tomorrow if I can't make my pips on early ...

From mediocrity to mastery

Pretty decent day so far 5:30 AM and I'm already +14 pips. I'm better make as much as I can today because statistically for me NFP days are not very good. Anyways as long as I don't do anything terribly stupid I can count on one more profitable ...

From mediocrity to mastery

Had to stop trading around 11 AM because of circumstances beyond my control. I was able to add only 5 pips to my gains so I'm up 30 pips or so for the day. I was able to get the correct direction 90% of the time today but the choppiness of the moves ...

From mediocrity to mastery

8:30 AM and I'm having a pretty decent day so far, +23 pips and change. Relatively predictable moves but a little choppy. If not for the choppiness my pippage would be at least double.

From mediocrity to mastery

So what you are saying is that because the dollar is the worlds reserve currency it works like a absolute point of reference for all currencies? Well in this case not only for currencies but for pretty much everything, like gold, oil or anything in ...

Billion Dollar Day video analysis

Well, the guy from BBC says that the Russians are buying sterling in a "big operation", this comment was inserted later so I would assume that the documentary makers got some explanation from Richard and Pavlou about what happened. Thats my theory

Billion Dollar Day video analysis

ok, 11:40 and I'm ending my day for +40 pips and change. Again I was expecting for a sell off around the end of the session. Again it happened and again I was unable profit fully from it. Anyways tomorrow is another day.

From mediocrity to mastery

I'm on my way getting back the pips I lost. If faced with adversities when trading you keep a cool head and keep doing what you know is working your losses will be offset by you profits. Now if you withdraw from trading or go like crazy trying to ...

From mediocrity to mastery

quick update video

From mediocrity to mastery

Little video on what a losing day look like video

From mediocrity to mastery

I managed to recoup a few pips but not enough to break even. I was hoping for a sell off at the end of the session which just happen but I jumped in too late and bailed out too early. Anyways, it was not my day. Not the first time it happens and ...

From mediocrity to mastery

I understand what you are saying but what about if I start to have problems on Tuesday? I'm gonna stop trading Tuesdays too? Got my point? Professionals trading for banks or hedge funds can't afford to do this kind of things.

From mediocrity to mastery

Anyways the goal today is capital preservation. I have to lose the minimun possible in order to maximise tomorrows possible gains

From mediocrity to mastery

I wish I could Sop. but I can't. I have to keep a linear approach otherwise I will never become a real. professional trader. I do have to exercise some judgement and be flexible but i can't afford not to trade on mondays or aim for 10 pips instead ...

From mediocrity to mastery

Not a good day for me so far. I'm strugling to find the correct directions. I'm -15 pips and change. Typical monday

From mediocrity to mastery

Quick video about what I do after trading or over quick breaks I take while trading. video

From mediocrity to mastery

Nice post Steve. Actually I do use trend lines. I have a whole bunch of charts with different approaches to the market and I use it as I need.

From mediocrity to mastery

Ok. Lets pick up from where we left. So basically Barclay was selling the pound when suddenly the Russians start buying it We saw that Boris bought it in bigger chunks of 20 million. Richard check prices around and decide to follow the Russians ...

Billion Dollar Day video analysis