December 2007. and year end results

-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.

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.

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.

Forex trading 12/17/07

+7 pips in gbp/usd



+5 pips in eur/usd

-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.

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.

Forex trading 12/12/07

+7 pips on gbp/usd

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.

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.

Forex trading 12/05/07

Gby/jpy 1/3 of the size +6 pips


gbp/usd 2/3 size +2 pips

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

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

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