I've been in the market for a long time and intend to remain so. What I am providing here is an honest forthright journal of trades, so that people may see the losers and the winners. I would tell you that I am one of the very few that post the losing trades accurately. I don't mind if people see and criticize. It really doesn't matter. What does matter is what my net is for the year and that can't be determined by what happens today, tomorrow or next week. I will be profitable over the long haul and so I take the bad with the good.
USD/JPY almost fully recovered from yesterday's drop ... Back to back 300+ pips swings. Aren't they tired?
wow what a rally, caught a small piece. Good trading all. Buy 1 you are a good trader, could you explain what you were doing the other day?
If I may make a small observation. I qualify this observation with the fact that I do not read every post in this thread. I make no claims of being better/worse than anyone. And I don't really claim to know anything. This observation is towards B1S2. Going off of memory; you have often made trades looking for "bigger" trends, and you have captured some nice moves. You continue to do this, BUT: your posts are showing that you are 'trading' pretty much the same as you were prior to October. Not your entries; I have no clue about your entries, frankly I don't really care about entries. You are taking what seems to be pretty much the same money management, with pretty much the same size market risks (i.e. account risk, contracts, approx. point stops, etc. [give or take].) I also remember discussions about how you value risk; based on T-N-Worth or the like. Yet the market by any measure is at least twice as volatile. There have been some really great 'bigger' moves. It seems we are moving 125+ points every 7 trading days. Yet as one can be 'right' about the market/trend in general 10-20 point move (current stop level) are nothing right now. For full disclosure I have taken very few trades over the last month. My personal Money Management rules could/can not handle this market. Good Luck To All.
If the day ends like this, then at that point I can perhaps begin cautiously looking long. However, the longer term trend is extremely bearish, and so I will pay a lot more attention to finding a place to get short again. Too early yet to tell today--Good trading to all!