Forgive me for not reading the entire thread, but what was your worst unrealized loss? My guess is that you're risking 4-5x what you're winning. Regardless, so far so good.
Quick move here. e/u at 1.4611. I am taking profits to raise funds for stops and some profits. Stick it to the bulls! Update: I am out. This rise seems to be worrying. e/u at 1.4625.
It has calmed down somewhat. e/u now at 1.4530 area. I think I am going to go back as if I did not exit, and add to it if shoot against me, and place a stop about a couple of pips above the high. Decision on where to add will be deferred to later. Since we are 60 pips away from day's top, I would put 1/4 of size so that the loss is limited to 20 pips. entered at 1.4626.
Something happened in AUD/USD. I had a small symbolic trade, and it moved from around 50 pips or so profits to 133 pips. Something must have moved it fast, which may explain the gyrations in EUR/USD. It seems to have happened at around 9:30PM. I was looking at the WRONG Pair!
1. The one loser I have so far is from price action (my application of it). I recall there was a breakout, and retreat. I had sold at the top after the break out, and wanted to double dip after a retreat of 18 pips. It bounced some 8 pips. I was think of retest of latest high, but it went down, and fell 40 pips. It was half size, and I added at a round number. It then went to -1pip from breakeven when I wanted to exist +1. It then handed me the loss of 23 pips. I think price action maybe good in a young leg, buying on retreat, but not on an older one. 2. I wish I can fool my mind. The only way I think it worked is when I am not in front of the screen. I seem to make more pips if I am away or asleep.
Actually the pips risked depend on the signal. The pips range in number. There were times they were as slow as 5 pips. The highest I have seen is the one I took loss for which is -23pips. A purpose of this journal is in fact to quantify it. The biggest factor to the loss is possibly my discipline. Since I am taking gains early, I am thinking that if I hesitate/not in a right mood, I might let a small loss run bigger. I would need at least 25 losses to make a judgement. I might also have to review my trading. I do not like it the way it has been done so far, as I am under performing the profit part of the trades. I am also realizing that I am part of the system more than I have thought I was.
e/u at 1.4537. I am thinking to start scaling in on short side. update: e/u 1.4527. +10pips. taking some profits to cover stops and secure some overall profits. update: I would not be able to watch it, so I thinking to make changes to plans. Instead of tight stops on what remains, I would give it room, and add to short if pair shoots to 1.4585 in next 2 to 3 hours. So adding limit sell orders at around 1.4585
e/u at 1.4507. My intuition tells me some buyers may be hiding around here, but I need to first analysis, which may lead to a miss as if these buyers are really hungry they would move it in too long a time. Update: entered at around 1.4505. A problem I currently see is the limited upside, and today trend has been down. So the winds are currently against it.