Fistofzen.org is a site dedicated to documenting a rookie’s initiation into the art and science of trading of financial instruments.
My trading career so far has had three distinct stages.
During the first stage as a complete neophyte, I managed to double my capital on the Istanbul Stock Exchange (ISE) riding the extreme wave of optimism between [...]
CRASH!
Today will be remembered as the big day when everything started to crash. As I write these Euro is pushing 1.25 down. Dow is at 10.3xx and footsteps of apocalyptic bears are thumping on the financial markets.
At one point DOW saw 9xxx. And then the Federal Plunge Protection Team stepped in and [...]
Today was an exciting day.
Today Euro collapsed. Highly founded market convictions that PIGS countries will not be able to revolve debt without the European Central Bank printing money or A+ European countries subsidizing them caused the Euro to collapse from 1.32 to 1.29 during the day in a freefall and as I write these it [...]
Today was a very hectic but lucrative day. I am totally screened out from looking at 7 charts and about 10 numbers gyrating up and down all day. I feel like a zombie.
All day I played around with pivots, selling here, stopping there, revising that and bleeding points to the Goldilocks. I sold at channel [...]
I have been inactive for a few days because I had to be out of town last week. Since my last post, I made one trade, today..
So today was a lame trading day..
Last night I had started reading about pivot points. Today, I woke up to a – gap of 1000 points which you can [...]
Today has been an adrenaline ride.
The dow went up again on the 23rd and closed at 11.204, so I spent the long weekend getting ready for a nice beatdown on my short position with opening. If I was lucky, I could get away with 1000 points. With the help of insights I collected in [...]
The mAn Always works for the bAnk.
Today was a terrible terrible trading day.
I went in the night long at 73.600 and I woke up LATE at 9.30 to find it at 74.675 in the first 15 minutes of pretrading.. The shady hours where Goldilocks is as free to do asever as s/he/it wishes. So the Goldischiznit had jacked it up 43 [...]
Today was my most comfortable trading day ever.
I had done an extensive amount of homework the night before and I had high probability scenarios short, mid and long term. These made all the difference for me. If I have a detailed game plan, then I can compare the actual moves against my game plan in [...]
Here is a chart I labeled of Dow between 1930 – 1980 and ISE 30 2009 – 2010 labeled by an Elliott expert. The similarities are quite striking. The 4 in Dow Jones lasts 12 years and in 1978 5 starts that lasts until 1987.
Today was not a bad day. I had entered the day short from overnight and Goldmanovski had been charged with embezzlement which in my opinion was more of an understatement but anyways. The market opened with a 2000 point first hour bar largely negative on the close. Then it went steadily up. During this time [...]