Today was a bloodbath (03.12.15)… My over 24% equity plummetted to a mere 1%. More than half of it hit stops… I lost 13% equity.
This was my prized daily channel, which I groomed daily. It did so well…I have spent the last couple of months showcasing this account… It was my precious (in a smeagol voice)
I nurtured it, opened new trades once the dc channel outers were hit, carefully planning everything. It built up a nice 22k in pips. The small losses racked up and were in about 20%. If all my positions were to be closed it would have brought it into the green again…I had to make 37% to cover all the losses & swaps, I was almost there.
All lost…I am so disheartened… Maybe this is a good time to move away from a smaller timeframe? My weekly channel is unscathed though, well, not entirely, it is in the -3% now, it was up 6%.
I had plans for the daily channel. I was going to offer signals on that… It has been years now…I have lost a bit and would like to finally have some form of income from forex…
Well there goes that idea…