Fagin's Corner

"Thinking in terms of bargaining, it is as if a proposed deal is to complete with small modifications of itself and that ultimately the negotiation will be understood to be restricted to a narrow range of alternative deals and to be unconcerned with more remote alternatives." Nash.





Faded ink survives the sharpest memory....

GU Continuation from earlier:

Here was another one from earlier. I'm still hedged and will have a look at it tomorrow when I'm back.. no rush..

Working the failed EURAUD trade:


First attempt failed but I have +37 to work my gap with. Looks like we have EUR strength over AUD this morning. Larger buy opened and I'll see what happens later with NFP.

EURAUD - Working this back to break even:

From my 20 pip hedge I traded 9 positions in and out with 3 scratch trades due to NFP nonsense at the top.

I got to breakeven and trailed the total with a +75 pip result in the end. Nice days work.

Hopefully next week I'll get some trades in without any hedges tripping

GBPCAD - 1st trade of the day/week. Off to a great start, one more to go..


Seems we may have some dollar strength this morning:

EURAUD; The morning buy failed, sold hedge sell for +19. Second buy failed at 1.5480 level and EUR continues to weaken as AUD gains moderate against the day.



I now have a wider hedge gap and 6x 0.5% equity positions all currently hedged. I'll see where price settles later and begin unwinding this.

EURAUD Trade still running and we appear to be at an inflection point.


I just need to be patient and wait for price to move into an area I can deal in. Ideally 50 - 60 pips either side... a move down to 1.54 or back up to 1.5520 would be good.

USD and GBP led yesterday. AUD and NZD currently leading a charge from Asia session. 0.20ish spread between EURAUD currently..

I've closed my 3 units of sells. Should've done it for more profit but I hesitated. We seem to have structural support here and still in a bigger bull trend. EUR also seems to be gaining strength although AUD is still leading the day. Possible reversal to the upside and I'll look to liquidate my buys if it does. Pending sell hedge at the days low.

Still working EURAUD..

Yesterday was annoying and I have a current 10 trade cycle with 4 trades remaining. I had to drop a sell order at the bottom due to margin restrictions so my 1% bagged profit has gone.

Average is 1.5489 and I've set an ambitious target at yesterdays high but I'm cool either way. Will go short again if we don't bounce up from this current structure.

Another hedge working out nicely:


It'd be nice to see a reversal and buyers come in here. A swing up to 1.41 would be good.

I'm just about happy with my FTMO trading plan, this is my 3rd go on demo trying to curve fit the drawdown vs target requirements.

3 more trading days to go on this one and it's feeling doable in a sustainable way rather than all fireworks and exploding accounts

So.... job done on the demo. Now onto the the challenge and evaluation stage....

So far, perfect day scalping EU 1 hour breaks . Weird!

Dusted off the old Fib Week Pivot template, I forgot how much fun these can be. 24hour swing trade bagged a nice 50 pips on GBPCAD S61 to S38.


10 out of ten on the EU scalp session, oh if only every day was like today...

Slow but profitable bank holiday afternoon scalping EU


+1.7, +5, -4.8, 0, +0.5, +4.5, +3.4, +0.5 +4.1, +5.3

This morning's foray

+3.8, +0.2, + 1.9, +2.2, +2.3

Last 3 shots for the day


+2, +2, +7.8