February 2011. results

+5 pips
+2.5 %

I like black.

+5 pips

I missed nice run around 11:20 because I was away from the screen. Also I mismanaged trade next to the last one in gbp/usd. I exit it in a small loss without break to the downside just before move up. Today's +10 half size pips are this months profit, so glad to close it in black.

-9 pips Awkward start

Awkward start, being right, but failing. First two longs were good intentions. Third short not so good. I moved stop and it really looked if it failed to go up any longer it will reverse heavily back. It just did that but I exit it before the move. Just to keep my loss small around 10 half size pips for all. It didn't help much because I started to catch up game, digging myself deeper with each trade. Later it was at -40 and some half size pips.
Besides improvement in capitalizing on some trades more by holding them for much longer period I need to improve in abandoning catch up trading. Then I just look at p&l, I don't trade market at that time but money swings.
On a side note Oanda's spread right now is at 0.7 pips for eur/usd.
In the end manageable loss of -18 half size pips

+7 pips Tradable market

I like today's action, it's like something from before that I'm used to. Something is happening, there is real interest in moving a market. I blow up my first trade and closed it poorly. Because of that missing potential I shorted in my third trade and got stopped. It something that I do, when my original idea would turn out right and I missed capitalizing on it I switch sides. Just bad behavior. Fifth got stopped because of tight stop, maybe I should have closed it manually before. At least on my sixth trade I bought into support, so move to new high would recover all my loss so far and anything above would be profit. It would be totally different if I waited for new high, enter pip or two above and market would turn in next ten seconds. I really like my last trade. Gold was approaching yesterday's high and I caught nice starting position. It hesitated for a second or two at the previous high and I closed, not worrying will it break high or not. +15 half size pips

+11 pips

First trade was impulsive, not thought out, I moved stop on it. Yesterday I traded more freely without strict -6 pips scalp out, and then today just jumping in moving stops. Bad behavior is always just around the corner. Well maybe I need little more freedom sometimes, just that usually ends up in misusing it.
Second trade in eur/usd was planned scalp catching bounce from a low. Half size trades in eur/usd.
In gbp/usd I had idea that it could correct back up after it drifted some fifty pips down from news spike. I used quarter size and I'm glad about it. For those idea trades it's better to have lower risk so it prevents from marrying to that idea. It didn't move strongly as I suspects it will so I didn't have nerve to hold it which I probably should have because it developed nicely.

+11 pips Swing trading attempt

First I tried to make a foothold in shorting NZD for swing trade position. Trades were quarter size and max loss was about 15-20 full size pips on combined position. That was later max open profit also.
ECB comments made EUR jump higher, that lifted nzd/usd as well. I closed my position in nzd/usd before stops kicked in to release funds for trading eur/usd. In that trade I made very bad exit just before things started to turn back up.
In summary I did what I wanted, I was holding trades for bigger gains because situation dictated it. My only regret is that I didn't close second trade entered with limit order in nzd/usd early. When it didn't work immediately and it was break out trade there was no point in holding it.
+12 quarter size pips in nzd/usd and +16 half size pips in eur/usd.