+108 pips
+6 %
No disaster days. Trading in 1/3 size at the time helped me in many trades this month. I could average without to much exposure and I was more relaxed taking and staying in the trades.
Thursday, November 29, 2007
Forex trading 11/29/07
I was forcing the trades today, poor results. -13 pips for all.
eur/jpy -6
First two gbp/jpy trades were 1/3 size. -29 pips
Third impulsive/revenge trade was full size +19 pips
This trade was also 1/3 of size. I for sure got out at the great moment, lol. -3 pips
There was no good reason to exit eur/usd but to book profits. Poor choice. +6
eur/jpy -6
First two gbp/jpy trades were 1/3 size. -29 pips
Third impulsive/revenge trade was full size +19 pips
This trade was also 1/3 of size. I for sure got out at the great moment, lol. -3 pips
There was no good reason to exit eur/usd but to book profits. Poor choice. +6
Tuesday, November 27, 2007
Monday, November 26, 2007
Forex trading 11/26/07
+8 pips today
All trades were full size except first eur/usd trade which was 1/3.
I expected that gbp/usd will follow down in second gbp/usd trade, but nothing happened. Than, if it will not go down, it will go up. But all that movement was to unusual, so I got nothing out of it
All trades were full size except first eur/usd trade which was 1/3.
I expected that gbp/usd will follow down in second gbp/usd trade, but nothing happened. Than, if it will not go down, it will go up. But all that movement was to unusual, so I got nothing out of it
Friday, November 23, 2007
Forex trading 11/23/07
It wasn't comfortable holding eur/usd position after it dropped 40 pips in 3 minutes. When eur/usd acts unusually you never know what will happen next. At least little bounce is guarantied.
+6 pips
+6 pips
Wednesday, November 21, 2007
Tuesday, November 20, 2007
Wednesday, November 14, 2007
A lot's of scalping
Gbp/jpy (1/3 size)
9 + 5 = 14 pips
Eur/usd (full size) it was not moving so I got out too early
+0.5 pips
Gbp/usd (2/3 size)
+3 pips
9 + 5 = 14 pips
Eur/usd (full size) it was not moving so I got out too early
+0.5 pips
Gbp/usd (2/3 size)
+3 pips
Monday, November 12, 2007
Bottom picking nightmare
First of all trades were 1/3 regular size each, so it was easier to play around. Funny thing that if I just stayed in the first short trade I would get about two times of profit then all this parade gave to me.
It's hard not to think about catching the bottom after gbp/jpy was down 900 pips in two days at the moment that I started to trade. So big plus for me that I had that first short.
It was hard to watch how market popped up just when I closed next set of 3 positions. But I got out at the perfect moment for the third set of trades.
In the end of day market is down 1300 pips for the two day period. How to pick bottom with that kind of action. It's so easy to get yourself in thinking that it's worth it when market is 900 pips down and not to expect 400 down pips from there.
+34 regular size pips
Crazy roller coaster after my last exit
It's hard not to think about catching the bottom after gbp/jpy was down 900 pips in two days at the moment that I started to trade. So big plus for me that I had that first short.
It was hard to watch how market popped up just when I closed next set of 3 positions. But I got out at the perfect moment for the third set of trades.
In the end of day market is down 1300 pips for the two day period. How to pick bottom with that kind of action. It's so easy to get yourself in thinking that it's worth it when market is 900 pips down and not to expect 400 down pips from there.
+34 regular size pips
Crazy roller coaster after my last exit
Friday, November 9, 2007
Forex trading 11/09/07
It was very hard to make that first usd/jpy trade because it's in the direction of the trend. I got out fast LOL. Second trade was much easier for me. But, I'm learning.
Eur/jpy was typical me ready for averaging but I was lucky with the exit.
For all +15 pips
Eur/jpy was typical me ready for averaging but I was lucky with the exit.
For all +15 pips
Wednesday, November 7, 2007
Emotions
I'm thinking that all success or failure in trading comes from emotions management. I certainly can't tell myself what emotions to feel but difference is can I act in different way than emotions are screaming.
I don't trade trends because emotions are against that and I can't override them and do it anyway. It's like that with everything else like averaging, moving stops, getting out fast with profit without allowing it to grow. Anxiety is totally in charge over me when I trade.
It's hard to trade like that, it's tiring. Also impossible to make profits over time.
+1
+11
I don't trade trends because emotions are against that and I can't override them and do it anyway. It's like that with everything else like averaging, moving stops, getting out fast with profit without allowing it to grow. Anxiety is totally in charge over me when I trade.
It's hard to trade like that, it's tiring. Also impossible to make profits over time.
+1
+11
Tuesday, November 6, 2007
Forex trading 11/06/07
Poor trading
+2
When I'm doing bad trades b/e is all I want to get, even if things go my way and have potential for more.
+2
When I'm doing bad trades b/e is all I want to get, even if things go my way and have potential for more.
Thursday, November 1, 2007
October 2007. results
-54 pips
-3%
I was at one point at +100 pips for the month so the loss is bigger than it looks now. But all that results in the end mean nothing because big risks and averaging are not ways to grow trading account.
-3%
I was at one point at +100 pips for the month so the loss is bigger than it looks now. But all that results in the end mean nothing because big risks and averaging are not ways to grow trading account.
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