Trading and Sports
Posted on November 20, 2009 at 7:18 in Personal by David AranzabalNo Comments »

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
Posted on November 17, 2009 at 7:32 in Technical Education by David AranzabalNo Comments »

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
Posted on November 16, 2009 at 6:52 in Technical Education by David AranzabalNo Comments »

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…
Posted on November 11, 2009 at 6:54 in Technical Education by David Aranzabal1 Comment »

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
Posted on November 4, 2009 at 11:40 in Technical Education by David AranzabalNo Comments »

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
Posted on November 2, 2009 at 5:46 in Technical Education by David AranzabalNo Comments »

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:

Endless opportunities at the European Opening
Posted on October 21, 2009 at 4:35 in Market comments by David Aranzabal7 Comments »

Again another day with long runs and very clear patterns. The more I trade the european opening, the more I like it.

20 minutes before the Frankfurt Opening we got a double top, I entered without confirmation as by my experience I’s a time of the day where we can find sometimes the best price for the opening. The run was long enough for my daily target.

Anyway I entered long again (less contracts to save the profits, just in case…) at the breakout of the descending trendline. Very long run that touched yesterday’s high in minutes. Time lo leave before the UK news.

Tricky start of the day
Posted on October 20, 2009 at 4:59 in Market comments by David AranzabalNo Comments »

Today Cable started the day at the Frankfurt Opening on the upside. We were long on the breakout but the price started to make a consolidation pattern (123). Only money management techniques can avoid a loss on situations like this.

After the consolidation at resistance levels (1 hour chart resistance) the price broke the ascending trendline and went all the way down to the support area (Asian support).

Personally for me a tricky session today, I didn’t feel good on the way down and I closed the lots rushing.

This business is about the correct mindset and sometimes your mind plays games. Anyway a break even day, Just remember: consistency is the key.

FX for a Living at ITC 2009
Posted on October 19, 2009 at 8:41 in Market comments by David AranzabalNo Comments »
FX for a living was invited to take part at the “International Traders Conference 2009″ ,by FXstreet. A excellent chance to meet the best forex traders in the world:

Rob Booker , James Chen , Markus Heitkoetter , Ashraf Laidi , …

David Aranzabal was once again greeting old friends and sharing wonderful times with FXstreet staff. FXstreet has organized again an awesome international event that took place in Barcelona, Spain.

Congratulations FXstreet for your excellent work !!

Images detail:
1º Row: Left: David Aranzabal and Francesc Riveola, FXstreet’s CEO.   Right: David, Francesc and Alberto from X-Trader
2º Row: Left: David , Maud, Noemí and Sandra, FXstreet’s Staff.   Right: David , Yuri and his wife, FX for a Living’s students
3º Row: Left:  Key Notes .   Right: Live Trading
4º Row: Left: David ,Juan and Daniel (Argentina).   Right: David and Rob Booker
5º Row: Left: David and Rob Booker trading together.   Right: General view

New week = new opportunities
Posted on October 19, 2009 at 5:54 in Starting the day by David AranzabalNo Comments »

Mondays are traditionally good days at the European opening. And today was not the exception. Cable formed a double top at 1,6340 and was confirmed after the Trendline breakout. If you missed the entry we got another good opportunity at the pullback, for a fast scalp (25 to 45 pips, depending on your entry). If you left some lots running, the price broke the Asian support, reaching Friday’s low.

See the chart for more detail:

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