+5 pips during the last attempt of the eur to go above the 1.4700 mark.  The market has been very jumpy around that value, especially in the september future 6EU8.

I have been toiling like an idiot all day long just to get a meager 7.7 pips. I won’t complain as I was down at some point 12 pips.   Ranging markets are the most difficult to trade. I keep a short bias for eurusd, we could reach 1.4500 if oil goes lower.

+ 6 pips . I am sure more can be done, but I prefer to start the weekend earlier. The next week will be very interesting without doubt.

Not so long ago, I used to scribble  lots of pages to remember what I did during the trading session.  These days, I seldom use more than two pages like the one attached. Basically I follow throughout the day the prices of fx , oil, and futures side by side with some remarks.

Quite busy on other fronts yesterday, I just made 5 pips.

Today, after a dull morning, things got more interesting with the US stats. Choppy trading.

+14.5 pips scalping on one account( +2.5 +2.5 +0.5 +9)

and + 6.5 pips  trading a “hedging” system :  <7.6>  <25.5>  +39.6

Well , yesterday was the kind of day you don’t want to see too often. I lost the equivalent of an average of 17 days  work in just two hours time.  I made the following mistakes:

•  chasing the markets , opening positions and reversing them one minute after…
• trading two accounts at the same time , this can get you confused very quickly
• I traded too large amounts compared to what I do usually. Four times the usual.
• revenge trading
• I got furious when several orders were rejected ( “Market has moved”) by a  new broker with which I have opened an account recently.  About 20% of the total loss occured because I couldn’t close a position.
• Not having decided in advance a maximum loss . ( new rule from now on )

A good night sleep ( all positions closed) and back to work this morning.

+15 pips with 2 scalps.  Things are back under control  

Though I was highly convinced of this imminent move, I couldn’t profit from it being reluctant to have pending orders at night  .

Anyway, +19 pips this morning to start the week on a good note.

Nothing much to say: the graph is crystal clear

If there is something trading can teach you , it’s humility : from this avalanche of pips , I just made a few ones. That’s the scalper’s number one problem ( at least for me) : he doesn’t profit from huge and obvious moves. This said , when a move of 150 pips has already occured, it is difficult to embark without fearing a sudden reversal. After 250 pips, you  say ” what the hell ?!”. At 350 pips: “  whatever …” 

Shame, shame  : 13 pips…

Quick scalp during Mr.Trichet conference ;  he did not sound really hawkish  and eurusd reversed its course : +6 pips

followed by the closing of two trades started the day before :  <12.7> , +24.1

net + 11.4 pips

A most difficult task recently has been  to get rid of my scalper’s reactions. Oil lost 2.5 $ in less than 15 minutes which bode well for the dollar. The break came and I cut my short eurusd only after 5.5 pips gain, when there was a clear potential for 15 pips within three minutes. Sometimes I would kick myself.