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: