-25 pips or -1.4% for December
I had nice winning month until I made -150 pips day. I got to say that days like that are more rare than ever and that I can see improvements in preventing them.
For year end I can say that it's my best year so far with -19% total money loss LOL.
It's best year because I had 6 positive months and losses are smaller and smaller. I noticed that after I additionally funded account in June bringing it to three times bigger size than ever before things started to become better. It's harder to lose bigger amount of money than smaller and winners are sweet, so my trading improved. Yes I still trade mainly against the trend, average down and move stops, but I can see subtle differences and they are my best motivators so far. I can see change to the better.
I wish happy New Year to all my readers, profitable trading and peace of mind.
Monday, December 31, 2007
Wednesday, December 19, 2007
Forex trading 12/19/07
+14 pips
There was the news and my broker didn't widen the spread on gbp/usd as usually to 20 pips. So when I saw the move and regular 2.5 pips spread I jumped in. It moved 15 pips more down before I was in while I clicked two times on my platform. I tried to move predefined take profit but it caught me before and that was the good thing.
There was the news and my broker didn't widen the spread on gbp/usd as usually to 20 pips. So when I saw the move and regular 2.5 pips spread I jumped in. It moved 15 pips more down before I was in while I clicked two times on my platform. I tried to move predefined take profit but it caught me before and that was the good thing.
Tuesday, December 18, 2007
Forex trading 12/18/07
-15 pips
If I was going in the trade before break out on either side, I should exit the same moment break out happened on for me the wrong side. I was probably in my mental mode of managing loses by letting them go and than thinking. Great thing is that I took -15 stop, I felt great doing the right thing.
+21 pips
This is gbp/usd after the news. It was also gamble going in before direction is clear.
If I was going in the trade before break out on either side, I should exit the same moment break out happened on for me the wrong side. I was probably in my mental mode of managing loses by letting them go and than thinking. Great thing is that I took -15 stop, I felt great doing the right thing.
+21 pips
This is gbp/usd after the news. It was also gamble going in before direction is clear.
Monday, December 17, 2007
Friday, December 14, 2007
-153 pips
I had many clever things to say when I lost first 100 pips.
But than after three last trades I had -194 pips more in the red and I managed to exit with -53 pips on them. Now I don't have clever thoughts, I just trade bad. All little bad things about my trading that I try to cover up come out in day like this.
But than after three last trades I had -194 pips more in the red and I managed to exit with -53 pips on them. Now I don't have clever thoughts, I just trade bad. All little bad things about my trading that I try to cover up come out in day like this.
Thursday, December 13, 2007
Chop Shop: Forex Garage
+7 pips on eur/usd. I'm playing a little too dangerous game averaging with full size positions on a such short distance. I was thinking that downtrend will start and that I'm getting good entry on little retrace, than again, load it up. Until the end it looked to me like it will go down, last few 10 sec bars were exactly as they are supposed, but than it should not after second decisive leg down bounce up. Well it's chop all day, so no trend.
Wednesday, December 12, 2007
Tuesday, December 11, 2007
Forex trading 12/11/07
+7 pips on eur/usd today in the direction of the trend. It's great when I don't do reversal trades all the time.
Thursday, December 6, 2007
Forex trading 12/06/07
+21 pips in gbp/usd today. There was some strong support around 220 so gbp/usd didn't fall like eurusd. At 10.30 there was news release, so I wouldn't hold it that long.
Wednesday, December 5, 2007
Tuesday, December 4, 2007
Forex trading 12/04/07
Well today I was trading a lot. I was by the screen 6 hours. I'm not used to so much concentration on trading so last trades are pretty much questionable.
+21 pips all in all
First trade was maybe the best. I shorted gbp/jpy in the downtrend. That's the think that I want to do more often, trade with the trend. I shorted after 40, 50 pips of downtrend, that's the first. And than it bounced back after nice profit because usd/jpy hit resistance at 110. I stayed but took exit soon. Size of all gbp/jpy trades was 1/3. So in that first trade I got +10 pips
Second two gbp/jpy trades were against the trend I took fast exit as usual for +8
Best thing today would be if I just kept my first gbp/jpy short and exit after let's say 100 pips of profit.
I had idea that usd/cad will fall again after it bounced from 1.0000 level. But I'm always wrong in usd/cad trades. I averaged down, all positions were 1/3 of the size. Exit for -3 pips
From this point on I was in bad shape for trading. Great thing that I didn't lose money.
I made poor judgment about eur/usd exit. All trades were in 2/3 of my regular size. I took +2 pips for the first two combined and +1 for third.
In the end some two eur/cad esoteric guess shorts with 1/3 of the size for each of them and +3 pips in total
+21 pips all in all
First trade was maybe the best. I shorted gbp/jpy in the downtrend. That's the think that I want to do more often, trade with the trend. I shorted after 40, 50 pips of downtrend, that's the first. And than it bounced back after nice profit because usd/jpy hit resistance at 110. I stayed but took exit soon. Size of all gbp/jpy trades was 1/3. So in that first trade I got +10 pips
Second two gbp/jpy trades were against the trend I took fast exit as usual for +8
Best thing today would be if I just kept my first gbp/jpy short and exit after let's say 100 pips of profit.
I had idea that usd/cad will fall again after it bounced from 1.0000 level. But I'm always wrong in usd/cad trades. I averaged down, all positions were 1/3 of the size. Exit for -3 pips
From this point on I was in bad shape for trading. Great thing that I didn't lose money.
I made poor judgment about eur/usd exit. All trades were in 2/3 of my regular size. I took +2 pips for the first two combined and +1 for third.
In the end some two eur/cad esoteric guess shorts with 1/3 of the size for each of them and +3 pips in total
Monday, December 3, 2007
Forex trading 12/03/07
Definitely premature exit in eur/usd. I just didn't want to let it slide down from +7 pips of profit.
First and second gbp/usd short entry were 2/3 of size, last add on was 1/3 of size.
Gbp/usd +10 pips
First and second gbp/usd short entry were 2/3 of size, last add on was 1/3 of size.
Gbp/usd +10 pips
Sunday, December 2, 2007
Thursday, November 29, 2007
November 2007. results
+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.
+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.
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
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