Tuesday, May 31, 2011

May 2011. results

-137 pips

From being up 28% for a month to down -33%.
I really have small amount of money in account now and I'm trading full leverage so big percentage swings doesn't mean much in a sense that's affecting me financially. There are changes that will follow in my trading and I welcome them.

Monday, May 23, 2011

Good start and later usual nonsense

1. Careful trading, trying to be positive and dreaming about big move. (eur/usd chart)
2. Clumsy trades, losing head start gained in eur/usd (first three trades in eur/jpy)
3. Disappointment in what's happened, changing style of trading from scalping to some kind of position trading having big losing swing (4th eur/jpy trade)
4. Instead of quitting with around -20 pips down day around my max loss continuing, now trying to cut loss down. Again mix of position trading ideas with bad scalping execution, going for reversal. No success.
5. After break at 11:30 continuing with trading just simply not wanting to stop. Addiction style small loss trades one after another doubling loss.

After all of it feeling what a mess. So many mixed up things. Instead of scalping always that need for a big move like it's last trade that I will ever make so it have to be big. Mixing of position trading ideas with scalping. In the end sequence of nonsense trades that are not based on reality but on need to make day less bad, making it worse.
All that is changing smooth inside of me so I don't have a feeling that I'm that wrong when I make those bad things. Feeling stupid because I can see potential if staying away from the dark side. Clearly not being able to make it happened.

Even if I said to myself yesterday the goal now is first to stay disciplined and being positive is secondary I didn't do it. It's surreal. I'm laughing now because I was all weekend contemplating that idea of getting strong foothold in discipline regardless of my results. On the first day it's all gone. Can't believe it.
I guess that trading when money is involved produce strong chemistry in brain. You can't explain yourself in that moment what is good, what is bad. System of values is totally changed.

Don't know what to do. Maybe really restrict myself to max of four, five trades in a day. But who am I kidding: me-trading-restrictions. That three words don't really work with each other.

-66 pips

Tuesday, May 17, 2011

Truly bad trading

Maybe sometimes I know how to scalp, but I'm not immune to this kind of days, they are regular occurrences. When you add those two together I'm heavy net negative. I can add that something personal was bothering me today, but then I shouldn't trade in first place.
-121 pips

Monday, May 16, 2011


New trading day, over the weekend I managed to leave Friday behind. I'm pleased with my trades today. Entries were good by my standards. Market moved little bit nervously whole morning, not really knowing where it wants to go.
+16 pips

Friday, May 13, 2011

Friday 13th

I got intimidated by my success this week. So I chose path of giving it all back. Those behavioural patterns feel very unpleasant when they play out yet again.
-82 pips

Thursday, May 12, 2011

Scalping audusd and eurusd + videos

I'm not that satisfied with my trading today, even though result in the end is great. My second entry on aud/usd was in worst moment jeopardizing nice gain on first trade. I was simply saved by strong trend. Somehow I enter add on trades poorly.
Eur/usd was better but choppy to trade. First set of trades I didn't allow moves against me and that is good. On last trade overall situation favored break to the new lows so I waited it out.

Capturing videos is fun for me, it maybe even have positive influence on my trading.

+35 pips

Wednesday, May 11, 2011

Two trades

Not much, market wasn't in real mood to move up.
+4 pips

And video:

Tuesday, May 10, 2011

Forex scalping 10. May + live video capture

Successful session due to nice volatility. There is another real time video capture posted for detail view of trades.
+20 pips

Video of my today's trading captured in real time

I was looking at my trades from Friday over the weekend, even though it was all vivid in my memory chart didn't revel much. It's static and doesn't paint the whole picture of why I do something in that moment. I always wanted to look over the shoulder of other traders and I would like to see their trades in real time. So I got idea to record my session for me to review it later if I want and to share it with others. Session today was over two hours long and this thirteen minute video is cut out just from moments around trades. So if you are interested enjoy.

Monday, May 9, 2011

Good scalping eurusd session

I started long and I was in that mood whole time so I didn't switch to short side. I didn't fight it either, so it's all good.
+23 pips

Friday, May 6, 2011

Scalping eurusd

Well, this is really scalping. Adequate speed of price movement for me to read it correctly.
+23 pips

Wednesday, May 4, 2011

Scalping eurusd

By courtesy of spike around 12:10 I finished positive. Just look at my exit :)
Really powerful session.
At 11:10 I was ahead and that trade was 10 pips in my favor. It didn't break out, I closed at the worst moment and after it made terrible calls. So in three trades I was down -27 pips. All because I messed up that profitable trade.
From that point slow recovery. Tried to call a top in eur/jpy, was close but few minutes too early. Then successfully called a top in gbp/usd and then switched back to eur/usd trying to catch a bottom. What a show ending with +24 pips spike trade.

Mistakes, too slow on closing losing trades giving away 5, 6 or 10 pips. I'm satisfied with my scalping, I can see where I must improve, at then it's all golden.

+10 pips

Tuesday, May 3, 2011

+7 pips

Half size trades
+7 pips

Monday, May 2, 2011

Afternoon trading

Nothing special. Late trades in aud/usd were too late when nothing really moved. In first part of aud/usd I messed up with adding new trade and then closing both. I could carry that first long if I wasn't pressured by having two positions for some time.

-6 pips