Wednesday, September 29, 2010

September 2010. results

-45 pips


-76 pips

Real bad. Got spike up against me and I moved stop and lost 25 instead of 13. When it started to go down I reshorted but it reversed and I lost 10 more. Then I went long and it started to go down basically all the way and I didn't close it. I averaged with small amount that I had left and didn't took the chance to exit at b/e for last trades but 20 pips lower. That exit didn't get me anything, to late to think about scalping. Then I just chopped myself because I was desperate for a move and market was just jumping around. I made all the worst choices that I could.

Tuesday, September 28, 2010

+40 pips

I'm very pleased today. Nice profit and many, many trades. Good that I was able to scalp and not get tired or emotional when volatility presented nice opportunities for trades.

Only on one occasion I moved away from scalping mode. Fortunately it went in my direction, but at the time (11:35) I had half size trade in gbp/usd and full size in eur/usd. I risked basically all that I gathered until then, around 15 pips, maybe even more. It took 15 minutes to show profit. I expected that gbp/usd will explode to the upside, but eur/usd did. Even thou it was my biggest profit it wasn't scalping and was wrong to do it. I had opinion about gbp, high probability one, but trading by opinions is different then scalping because I don't know where to exit in a loss or I don't want to.

On a positive side I like how I switched from short mode to long in eur/usd when market reversed direction of pressure.

Friday, September 24, 2010

+ 27 pips

In the middle of my first set of trades after the news Oanda crashed but was back in a few seconds. After my last trade with full size and another nice win I started to feel strong emotions of joy and then I knew that I can't trade any more.

Thursday, September 23, 2010

+6 pips

Didn't trade very well for this kind of market. It was basically range market with down slope. I was trading like it's break out. For this entries need to be at extreme points opposite of the immediate trend. I like only first and second trade. Yet I was only thinking about scalping and that is good.

Wednesday, September 22, 2010


I was trading last few days and went deeper in the red. Nothing worked with me getting tilted very soon. At 20. I started with nice short but with half size so I continued with trading less optimal setups because win was too small (my subjective opinion at the time). From profit went into loss disgusted in the process.
Yesterday 21. wasn't so bad only thing is I wanted big profit. So I turned down scalp profits and got small loss for the day.

Finally today the reason I'm writing this update I got wind in my back. I was thinking after yesterday why do I have to be so stubborn and refuse to trade the way that suits me. Turning down scalps is ridiculous when basically they are the only thing that I can do so-so. Everything else get me just losses in the long run. So today I was oriented to do just scalps however market behaves. Only bad trade was not acting on a loss and cutting it in a third gbp/usd trade. Fortunately market moved in a big way and scalping fast directional market was winning strategy for me.
I scalped 33 full size pips and with that I covered losses in previous two sessions. I'm just happy that I finally made some profit in a nice way.




Wednesday, September 8, 2010

-22 -45 = -67 pips

Finally powerful moves and I trade in opposite direction?! That ride of first losses tilted me while I was in and I didn't want to close it. I managed to trim down loss in half later but I feel pretty much disappointed.

Plus in the end after I wrote this some strong move started in usd/jpy. I went full margin in, first got 10 pips and then lost that and 45 more. No comment.

Tuesday, September 7, 2010

-22 pips

I outmaneuvered myself marvelously. First I was unsatisfied with my winning trades because I entered with half size, then lost profit and some. Trying to do catch up burned me bit by bit.

Monday, September 6, 2010

+9 pips

Price is moving in a creepy way most of the time as far as I'm concerned. At least I caught some in the end when it gained speed and momentum in gbp/usd.

Thursday, September 2, 2010

Week so far

I think that I will go for a chart and one sentence comment just like MBAgearhead and Harvey usually do. Not much to say but that getting in good mind frame is taking me long.

02. +6 pips
Half size trades, gunning for reversal, as always it would be better for me just to scalp.

01. +25 pips
I'm trading very bad, I feel like it's worse in my life.

30. +11 pips
I have ugly problem, I can't/won't close position when I should do it.