So mile ride done, thanks to all those that donated so generously. You will be receiving a picture montage soon enough as proof of the journey. Suffice to say it is still a little tender sitting down this morning!
So after 2 days not trading, and seemed to miss some great action, I was back in today. Maybe Red Bull for Breakfast would help?
Can anyone enlighten what they do to get back into the groove quickly after time away? I have a pivot point to work off and close to the break-high-of-the-day. I setup my order with a 15pip Stop Loss and 30 pips target and entered at I go to make a cup of tea and fix up when I can pick up my dog later today.
Come back upstairs and no open positions??? I look at the charts and no — my target has been hit at So what to do now; keep fishing for trades for the rest of the day?
I want to as i enjoy the work. But no — I will pick the dog early and come back to the markets tomorrow. Does anyone else understand the analogy between fishing and trading? Very similar endeavours and similar skills required….
Today was just amazing…….. But boy I made some good moves and some bad moves, so lots of training and learning in 1 day. I got taken out by 5 pips, now as I speak its in profit….. In that situation I would rather the price flew away in the opposite direction at least making my stop worthwhile.
Next trouble was the huge Sterling drop at I had too options:. I took option B. I felt positive and the market was moving…. So all in all what a day…… managing my trade sizes and not being frightened to get back into a trade that has just stopped me out really helped me here — awesome!
I had a chance to tighten my stop loss by a few pips after the first re-trace so was able to save a few pips there. Overall a loss of 20pips. This trade is shown below. This time the price moved passed my entry by 12 pips maximum but stalled 3 times at this level and then the price moved into a little consolidation. I was able to move my SL to BE and took the trade off after it had been sitting there for over an hour.
Breakeven trade 0 pips. I have left a short order in at Overall the trades were executed well even though a the performance of them all was not as I would have liked. Posted in Trader Psychology , Trades where I just wasn't professional enough , Trading Journal , Trading Strategies , tagged 1m forex snapper trading strategy , bears and bulls , fear of being wrong , fear of losing , FX Trading , Intraday Forex trading on May 20, All hell seemed to set loose after that…..
I was actually short on Cable at No — this time the pair acted normally and after the 2min retrace fell pips hugging nicely to the outside of my 15 ema most of the way. My coulda shoulda woulda trade is below……just when I needed to be a Bear and not a Rabbit! Objectives of the day are: Part 1 has been achieved with which turned out to be quite an easy trade on GBPUSD as with hindsight it trickled down nicely all morning. As long as I have my price trading below my fastest ema I can easily ignore the intra-move cycles.
Then there is the rise up to my 2nd ema which then gives me a few nerves as I wait for the next cycle down to take out the previous low….. I am also glad I sold all my equities 2 weeks ago judging by the stock market reaction yesterday and today. Just trading the morning session today as have a lunch meeting in a Cambridge curry house with an ex-colleague travelling in from Sao Paulo.
Not many Brazilians like spicy food, so this is his chance to grab some authentic Indian! Well a great morning trading period for me, which ended with a 1. A mixed bag of strategies used this morning on 3 trades. I entered the trade at Target was set at Move hit my target at Along with the 2 other JPY trades this morning. Create a free website or blog at WordPress. Home Book Reviews Training About. IntraDay Forex Trading It's not about being wrong, rather, it's about how much money you make when you're right and how much you don't lose when you're wrong.
Chart from my trade this morning: A RollerCoaster pips and still breakeven!! I had too options: Happy Trading Jimmy Rate this: Loss 20 PIPs Short at This trade is shown below Trade 2: Breakeven 0 PIPs Short at Coulda shoulda woulda pips.
Picture of the trade is below: FX Headlines An error has occurred; the feed is probably down. News An error has occurred; the feed is probably down. Top Posts Greg Secker in the News: Anon on Knowledge to Action K2A ….More...