TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Blog and Rants

Coffee thought of the day….Patience is part of trading?

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I was in a trading chat room.  Most of the participants were waiting for trading call from a signal provider. While I don’t trade on these calls, it is really interesting to see how new or struggling traders or so-called busy trader-wanna-be  waiting for calls desperately. Well,  it is absolutely OK with subscribing to trading signal service . I am not arguing that.

Here is a short conversation I have found it to be interesting.

[ABC] Any one has any idea about trade alert today?
[123] apparently not
[DEF] no one????
[456] are you asking us to speculate on what will happen?
[ABC] guess we’ll just need to think for ourselves…
[Master] Patience its part of trading

Ah…”Patience is part of trading! “..Well said. But, to disappoint you, waiting for trading calls is not trading… face the fact, you are not trading if you are still spending your time waiting for the signal service provider to feed you with something…uhmm..something..

I am out for my morning coffee now…

Step back

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We had some good runs in most of dollar pairs. I closed all my long dollar positions today. There were two new signals today to long USDCAD, and short NZDJPY. I left them out. Right now, dollar’s appreciation seems to be over extended, to me. Well, I am talking about short term. As much as I would like to trade again, I decided to sit on my cash right now. I might be wrong and missing opportunities, but, I feel today is a good day to step back, or take a break.

Probably, spending some time to watch Australian Open is a better idea. 🙂

One Aussie trade

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Here we go. Another trade by IHF (read: I Hate Forex) system. AUDUSD short trade was triggered during Tuesday morning london session. Final profit target was hit, since I bailed it out at 0.65 level. Another nice shot, nice short. +111 pips.

Here is the chart to inspire you. Making good trade is good for your health, I reckon. 😆

aussie_ihf_trade

One Kiwi trade

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IHF (read: I Hate Forex) system went long of NZDUSD on Monday, and it was a crap. Stopped. And It went short on Tuesday. Another +130 pips trade. Nice short. Exited the trade at 0.52-ish level. Well, I maybe wrong, but who cares. Let’s wait for next signal.

Here is the chart to inspire you, my little trader.

kiwi_ihf_trade

A walk in the forest

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I felt a little bit burnt out last week. I was trying to finish my automated trading programming, busy and troubled by my day job, a little sleeping problem and at the same time doing some trading. Hectic. So, I needed a break from my machine, from the market.

We went to Sherbrooke Forest, Mount Dandenong for a nature walk. I felt really good, and totally forgot about market and my day job. Breathed in fresh air, enjoy the 20 degree celsius weather, that’s just so wonderful.

Here are some shots taken during the walk. Click to enlarge the image.

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