◄ 2. Short strategy 2nd week 4. Short strategy 4th week ▶ This Sunday I draw up the weekly table, surrounded by the walls of Antibes’ oldtown. The venal cafe terrace that welcomes me, offers this sculptural Ducati view. It attracts all the attention and my camera’s lense. It vies with some red rearing horses that sublimate the old town and circulate along its precincts. I enjoy to get myself busy with this article, refreshed by Coke, sated by some black olives, and happy to enjoy this beautiful place. The rich owners of boats docked at the old port and who are wandering in this authentic folklore make me think about Saint Tropez, light years away from the ostensible Monaco which goes to the head of the wealthy landowners. We feel good here, nobody jealous them. They are respected, known by restaurants owers, according to some hand signals exchanged while they are passing, roofless supercar. I am even glad they are here to fill the few oversights of magic and dreams that distill the old Antibes. The atmosphere is perfect. 1. GBPAUD What I feared has more or less taken place : the weekly supply area holds up, helped by the big slowdown in the trend on GBPUSD. Again, I have two choices: (1) if I decide to do nothing, and the price goes up, if I maintain my short long term through, I must raise my stop loss much higher to let the price breathe. The risk is that this stop could be hit. Thereby it will deprive me of a current gain, or even would cause a loss. But if the market finally, after breathing, will fall, I would be in a very comfortable situation. (2) I can decide to hedge, since I’m in the low part of the range; In this case, if the market goes up, it’s gonna block my current gain of about 370 euros, and I would have taken a long position at the bottom of the range, and if the GBPAUD will take the north direction, I would hold it; by doing that, I will have to get rid of the short order. But if the prices will fall, I’ll...
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◄ 1. Strategy first week 3. Strategy 3rd week ▶ This smeared sky with clouds at the edge of weeping, and this heavy and foggy weather as a stomachache like the day after a party, excite my bulimia of movies, and fertilizes an atmosphere suitable for writing, reading and working! Under these sunday’s auspices, before swaddle myself with films, I’ll start by drawing up an inventory of my positions, and my views on my strategy. It will be disguised in a controversy today, with two protagonists: Las Casas and Sepulveda, who respectively preach for an optimistic downtrend and a pessimistic uptrend. For reminding, I am short on the pound and the euro against the Australian and American dollars. 1. GBPAUD Sepulveda : I added three oscillators, considering that the market is still in its weekly lethargy; they are all in low areas, but they retain a small potential bearish. The prize distribution has morphed the lateral range in a rising wedge, so I am wary of the support area at 1.7730. In addition, the trend on pound against the American dollar is at its end; this huge downtrend has lasted too long and chained 5 sessions of losses last week. A correction or a stop of the trend would cause a lot of buyings and buyings back. And to remain coherent, on GBPCAD the range has held. So we have the pound on a supply area, a pound at the end of its marathon, and we are at then end of the month. I think the week will be bleak, so we should set our stop at break even, or look for a point in order to hedge our position, and thus, block a gain that will be reinvest later. It is wiser. Las Casas : sure, the pound must correct against the dollar, but if the fear is leading our thought all the time, we will never take advantage of any trend. I recognize that it’s a tricky situation on the pound. But I think that this last week of August could keep going in the same way that the month started; I’m more afraind about the reactions that will occur in September and October....
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Pascal, not yet 30, but everybody calls me John. I am a professional forex trader. As announced in my presentation, some articles will deal about my own trading. I have several strings to my bow; the one which is currently bandaged is a strategy adapted to the scarcity of my time, which is becoming a luxury this summer. But I am not making arrow with any wood. These strategies are comprehensives and well thought. A very last look to second-hand; my lumbars in the 22A seat stamped Turkish Airlines; I’m not going to lose more time, and I’m sitting down to write my first article. Gosh… the time ! Because of my initiatory and summer trip, and my various professionals targets, my calendar cases are a chessboard, and its pieces, after 8 rounds of play, as randomly scattered as my free time. According to the Shannon entropy, it makes my availabilities too random to keep any statistic advantages for my intraday trading. But the time isn’t a problem, nor an enemy, if the trader’s performance and his strategy aren’t matched to the it. The one I have chosen, bear the name of « grossly trading ». For now, two positions are contributing to keep my focus and competing to be the one that will make me earn the most. I am short on sterling and euro, against Australian and American dollars. And I am closely watching the GBPCAD. I’m a fetichist atony of market, and this weekly configuration is calling for a powerful upcoming movement. This is one of the rare certainty we could have on the Forex : after a squeeze, no matter the time frame, the currencies pairs will take a direction with strength. Then it belongs to the uncertain : when ? from where ? how far to go ? Two possible feelings : the emotional elevator – a false signal or a short trend – or a happy outcome. I’m waiting for a trend that would equal the pride and the vanity of the last one. A nice one which will correct the insolent uptrend. I like when things obey to the gravity law, everything that climbed, must go down. An I am more skilled in a bearish market than in a bullish one. This comfort is a...
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