Daytrading Currencies

Discussion in 'Journals' started by Instant Karma, Jun 10, 2012.

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  1. Adding to losing positions or betting higher amounts to recover losses?:confused:
     
    #81     Jul 16, 2012
  2. ...that's right... all the don'ts.. i'm a bad boy..:eek:
     
    #82     Jul 16, 2012
  3. Keep getting into all-or-nothing trades like that and you'll land on the 'nothing' result.
     
    #83     Jul 16, 2012
  4. With 2 losing days so far, one of which being substantial (1.12%).., I've pretty much reached my quota for the month... trying to play safe here..


    +86.01 USD


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    #84     Jul 17, 2012
  5. I tried to catch a bottom in EUR/USD between 4 and 6EST to see if i was getting better at it.. nope..

    Could have been an easy day since the setup in GBPUSD was unusually mellow and easy to trade..


    +50.04 USD


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    #85     Jul 18, 2012
  6. Awful trading..actually this has nothing to do with trading.. more like a brat having a tantrum...

    In EURUSD, price started moving sharply higher and i thought i was going to get a setup soon but then price reversed quickly down and i got ticked off.. So i went into revenge/tantrum mode and i tried to catch a bottom(around 4-4:30am EST) i got run over by a freight train...
    Eventually i bought at 2271..held steadfast for an hour and made 10 pips with 640K size...bringing the counter to down $4 (after being down $600). Seconds after i jumped out price ran 25 pips in a rush..

    ...and then i did it again..not wanting a down day..but this time it worked...whatever...

    A day like today does not invalidate my trading (core) strategy because it has nothing with it...

    I have to grow the fuck up and learn how to be patient... or trade a faster time frame that gives 2 or 3 signals a day consistently..so i don't have to wait too much...


    +62.96 USD


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    #86     Jul 19, 2012
  7. RE: the Euro, today was a tough one, lots of volatility and wide ranges
     
    #87     Jul 19, 2012
  8. Same shit as yesterday...only worse.

    If i want to be profitable, I'm gonna have to get a lot smarter than that.

    Back to square one.


    -1,832.25 USD


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    #88     Jul 20, 2012
  9. I tried to show the flaws of your strategy , go back and have a think about it
     
    #89     Jul 20, 2012
  10. Can you quantify why you're strategy isn't working as you had hoped?
     
    #90     Jul 21, 2012
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