Tras, do you think UJ sees “100” today or tomorrow?
I don’t know. I would think we are on the way to get to 103 very soon but then there is this war and any time someone throw a stone in the water it drops 20-30 pips. I don’t know what to do.
Also now the American are back from the long weekend so we have to see what they have in mind. Push to 100 or pull down to whatever. I really don’t know. It will may be keep going up but I am afraid to buy.
Short AUD/USD at 0.9034
SL 0.9050
TP 0.89
Closed. Experiment failed. Not in the state of mind to trade. I will take a long break.
Nice. Taking note of these!
Don’t fight the market, follow it.
Walk in the market with an open mind.
Trend and range are both your friends.
Cut your losses short and let your profits run.
Don’t move stop losses backward.
Nobody knows where the market will go. Learn to let it go because any trade could be right or wrong.
Don’t be over confident because one day you maybe nail it but the day after they could nail you, for good!
Be patient. You are not going to get rich in a week or in a month.
Trading is not a sprint. Trading is a marathon.
Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way around or through it.
What’s your bias on USD/JPY right now?
I am long. But I would like to see a retracement before getting in. Also there is still the gap to be filled. Should I forget about it? 
Where are you long from…don’t see your trade. Just curious that’s all…best luck on it
I mean my bias is long. I am not trading. I will have a break.
k, man. breaks are good come back fresh
I have to say that this time at least I haven’t reached a margin call but I just lost all the profits from last month. Well I guess somehow I am improving.
Still I have the big problem that I let my losses run a bit too long. I have problems accepting the losses and to cut them short. I revenge and I overtrade. And go on tilt easily! STILL!!!
I will take a step back from now on. No more day trading. I will work on swing and position trading on long timeframes. I don’t want to stick to my PC and my charts all day long. It is too stressful. It will take longer to build a big account and some nice income but I don’t want to stick to my screeen all the time not stop.
Still have to come out with a proper trading plan.
Work in progress.
Isn’t swing trading more about letting your losers run but with the excuse hey i’m swing trading it’s ok?
I can’t say you are wrong!
if you can’t successfully trade short term, you’ll fail epically in the long, imo; same rulz apply just add time
Can’t agree on that at all instead!
Yep those reasons you mentioned are also why I prefer swing trading, especially since I can’t be in front of my PC the whole time. I just exit when biases/sentiment shifts and hold on if they stay the same.
It has been a while. Swing/Position trading is not for me. I am a Day trader. Not doubt about it.
I have kept it quite however I have been trading, adjusting my planning, improving my strategy, reviewing my journal, analyzing my performance and working on my huge psychological issues.
Last 5 weeks I made a very good 67%
Added to the other 39% in 4 weeks and to the fact that all my losses come from margin calls of 150 pips it makes me hope and think very well for my future.
Yes, I am over leveraged. My strategy allowed me to have a SL between 10-20pips. Most of the time I trap myself in bad situation that bring me to the margin call. However I have been working on this huge issue of mine and I have seen the light at the end of the tunnel.
Still I am not completely satisfied about my last 5 weeks trading. First of all I didn’t enter few very good trades. Unfortunately my experience is still very low (only 7 months trading) but with the time I am sure I will improve and I will be able to read the market better and better. Also I let a couple of times some loss grow a bit too big. One time it came back to break even. The other time it gave me a 20% lost.
Yes, there is still huge room for improvement in my over lavereged very dangerous sistem.
Plans for the future:
I will keep trading my micro account (now at 100£) till end of the year. If I will get nice regular results and if I will trade properly (accepting loss, cutting them short, not putting myself in dangerous spots, not overtrading, following my great entry strategy) I will invest 1000£ from the start of the next year and well, we will see where all of this is going.
I finished for the week with a good 32%
However my trading was pretty weak. Vote 5
I let a loss run pretty big and I was ready to lose all the weekly gain. This is my weakest point unfortunately. Hard to force myself to act differently. This happens because I am afraid that the trade will reverse as soon as it will hit my stop.
Well there is nothing to do about it. **** happens. I have just to learn to accept it. Better a small lose than a margin call, isn’t it?
Also I didn’t respect my setup, entry points and entry times. I am always in hurry to enter a trade. This is mainly because I am afraid to lose good opportunities.
I have to learn to accept that I can’t be in all the winning trades. Better wait for the best setups and entries than get few losses in a raw or worse a huge margin call. Isn’t it?
I didn’t make an extra 15% or maybe more just because I didn’t wait for my entry but I rushed in the trade too earlier. Also this wrong entry point brings me to hold the big lose I was talking before.
Just a little mistake and few psychological weaknesses can destroy an account. Please do follow your plan.
Well, hopefully next week I will do lots better. Not in % but in good trading! Well I can only improve. Little by little.
Here is the link to my Myfxbook account back:
I am up just a little 10% but let me explain why. I started this account for a position trading thread where I took right away a loss of 26%. There I realized that I am a day trader and went back to my original short term strategy. I start right away with a margin call or a pretty big loss. Don’t remember exactly. After the my account was down 52% with only 62£ left.
From there with an improved system, a new solid entry strategy and some solid works on my psychological issues, in just 5-6 week I made almost only winning trades and I am up to 141£ (almost 130% up)
However as I said earlier I also took a big loss of 20% and I risked another one this week just because like our friend MNS I have some problem to accept losses. But well -20% is way better than -60%. So somehow I am improving.
Only luck? Maybe Maybe not! 
A margin call just round the corner? Probably! Hopefully not! Still hoping?! Come on, get real man!
Well, what to say, let’s wait the next week and let’s see what I can do. My main objective is always the same. Cut my ****ing losses short! And let the right winners run big!