Ferrowolf's Trading Den

ShareCombination of factors resulted in a monkey day for me. 1) Was very restless all day going into London, was not in the zone for trading, yet I traded anyway. 2) Improper stoploss placement. I think there was some overconfidence there, thinking that I would very likely be right and the trade was unlikely to [...]

ShareMarket’s been fairly technical of late. The trend appears to be up for the moment. We’ve reached the 127% extension for yesterday’s upmove. also confluences with the 150% for the big move up last week. So is the move done and due for a bigger retracement? As I type this, it appears that price has [...]

ShareSlightly displeased because I didn’t stick to the exit plan. But when discretion comes into play, there will be good and bad, and that’s why I’m becoming more in favour of systemizing parts of my trading. 2980 would be my TP2 if I was looking for a day trade. But overall we’re still in an [...]

ShareHUAT AAAHHHHHHHHH!!! Lunar New Year’s been great so far and there’re still many more days + this weekend to meet up with friends and family for the purpose of wishing them happy lunar new year!  =p Discovered a flaw in mobile trading. (Well not really discovered, its happened before) I took TP1 on a trade [...]

ShareClosed out this position just after I was done with the first chart. Net about +32 pips. Like I said, it’s counter trend, so I’m trailing tight. I’m now thinking whether I should get in long. Not going to hold any positions over the weekend though. Share

ShareWas out since morning, so I put on that early trade for a few reasons 1) 2875 was the recent high, 2900 is nearby, it’s likely to attract price for some stophunting 2) it could even be a bullish continuation into a new trend. 3) yesterday was a strong up candle, with likely follow through [...]

ShareTook a short on the EURUSD after I prepared the screenshot. Will update more later today, London’s open for business!   Update: Wouldn’t consider today an easy trading day with price whipping both ways before heading up. I could see price getting rejected from the overnight consolidation zone, but I didn’t exit or flip long, [...]

ShareWasn’t such a good day for me. Was impatient, didn’t wait for flows to change. The levels were right, but the trading was wrong. I guess to some degree, I got confused about my trading timeframe, because as a daytrader, I would be looking to trade in the direction of the early pushes. As a [...]

ShareTrend’s down, but we’re getting first indications that the downtrend is getting exhausted. Price did break under 2660s, however it didn’t find acceptance there, today on the asian and europe open, prices were rather aggressively bid up. However, it is my belief that sellers which drove prices to this level in the first place, won’t [...]

ShareNot such a good trading day for me. Not in the sense that I lost money, but in the sense that I was negligent and didn’t keep my eyes open. The first 2 trades were already not so ideal given that we didn’t see much acceptance under 2660, but still forgivable as price was seen [...]