Trading for a living

Did I say 4? 5 days in a row…

David Aranzabal — Thu, 26 Nov 2009 11:44:35 +0000

The end of the month is giving us nice runs at the Frankfurt opening. For all of you that are following me every day you know what I’am talking about. Tight stops and log runs at the european opening. The best time of the day for Forex Trading.

See the chart below

4 days in a row…

David Aranzabal — Wed, 25 Nov 2009 11:57:52 +0000

See the chart below:

Back to the Futures

David Aranzabal — Tue, 24 Nov 2009 13:33:57 +0000

Nice run at the Frankfurt opening

David Aranzabal — Mon, 23 Nov 2009 12:01:12 +0000

Today we got a nice run up in cable and Eur. At the Frankfurt opening the price broke the Asian resistance and bounced a bit, so we got a new opportunity to go long in case you missed the entry.

At 1,6590 there was a strong resistance level (61,8 fib from the previous leg down) and the price made a macd divergence. Time to leave !!

More information:

Trading and Sports

David Aranzabal — Fri, 20 Nov 2009 12:18:21 +0000

If you really want to master this profession / hobby you have to reinforce your self-esteem through sports that make you feel good.

The profession of trader increases our stress level and sport is essential to help us feel good about ourselves.

These pictures are from a swimtrip that I hold every year, linking the island of Lanzarote with a small islet heading north called La Graciosa. The total distance is 2.7 km that it takes between 35min to 70 min. to complete (depends on your fit level)

I would ask you to post some omments on the sports that you perform regularly, so please post some entry.

Some moves before CPI

David Aranzabal — Tue, 17 Nov 2009 12:32:39 +0000

Today was a big day for the pound, as everybody watches the CPI report.

But as everyday, we get decent moves even before the announcement and this morning we got a pattern very similar to yesterday’s:

Price approaches to the Asian support and breaks the descending trendline, the previous swing and goes straight ahead till the Asian resistance. (Again ??)

See the charts for more information:

Today: London open

David Aranzabal — Mon, 16 Nov 2009 11:52:26 +0000

This Monday we didn’t get a spectacular opening. Instead, the price broke the Asian resistance and started to show up a consolidation pattern. After the accelerated ascending trendline at the London Opening we got the opportunity to go short. After Tucker speech, the price went all the way down till Asian support.

See the charts for more detail:

From resistance to support, and from support to resistance…

David Aranzabal — Wed, 11 Nov 2009 11:54:44 +0000

After yesterday’s nightmare at the European opening (very difficult session for trading yesterday), today the market behaved as expected on a day full of economic reports (9:30 and 10:30 GMT). From Asian resistance to Asian support, and from support to resistance again.

2 opportunities to trade the range at the European opening, a very profitable pattern that happens on this market very often.

See the charts for more details:

Again the big moves start at the european opening

David Aranzabal — Wed, 04 Nov 2009 16:40:23 +0000

Today I posted very late, as I had to leave the office after trading:

See the charts for more detail:

Volatitily comes again at the europen opening on mondays

David Aranzabal — Mon, 02 Nov 2009 10:46:41 +0000

After lack of volatility last Monday (the only one in about 2 months), big moves are back on Mondays at the European opening. Today we got a very clear pattern that occurs very often:

Consolidation pattern before Frankfurt opening, price breaks the main ascending trendline and price goes all the way down to the Asian support (where do i have heard that before?…)

Let’s see the chart: