Cory2679

""A real man makes his own luck." Billy Zane, Titanic." Dwight Schrute, The Office.

Well, the week's over...consistent with my recent modus operandi, I again posted every single trade to the thread this week and picked up where I left off last week with my real/live FXCM Micro account. I was slightly up for the week... Not much new to say...still learning, still practicing, etc. Tomorrow morning I'm going to take some time to carefully review my posts from the last 3 weeks and to maybe do some reading/refreshing of the (original) thread. Cory

Shouldawouldacoulda short on the EU...although had I been in it, I bet I would have had a hard time with the way it started out...I'm too quick to bail sometimes... No excuse for missing this, really. Nice entry, nice overarching downtrend, etc. The reason i didn't take it is because earlier price looked a little sleepy, it's a Friday, and the economic news was all done, etc., so I basically wrote the day off because I was thinkining that there was little-to-no chance for a directional move by that point. :doh: I'm guessing I'm done for the week now, but I will continue to observe for the next couple of hours before I call it a week and post an end-of-the-week update.

Shouldawouldacoulda long on the EU... I saw the "123" but didn't consider it for a trade because first, the entry was basically a tick or two below a level of resistance I had drawn (dashed red line), and secondly because I'm generally hesistant to take longs in a downtrend (I considered recent PA a downtrend)...however, I guess we were at a decent level of support, etc. A long would have been a worthwhile trade! Oh well.

POST-TRADE UPDATE: Glad to have been taken out for break-even!

UPDATE: Taken out for break-even...

Potential long on the UJ...

FINAL UPDATE: PT2 filled...over 100 ticks on the second half!

UPDATE 3: PT1 filled, stop for the second half currently at break-even...I just adjusted PT2 on the chart...I had placed it a hair higher than I meant to on the previous charts... UPDATE 4: Stop moved to PT1...

Currently short the EJ...not looking so good... UPDATE: Stop moved down... UPDATE 2: Stop at break-even...

POST-TRADE UPDATE: Went on and made it to PT2 without me...

Potential USD/JPY short... UPDATE: Blah...order canceled...looks choppy/messy...the whole day has been choppy/messy...that's it for me today...

FINAL UPDATE: Finally got a little movement...PT1 filled for the first half, second half was taken out at break-even...(I know it doesn't look like the 2nd half was taken out at break-even on my ninja chart...that is thanks to the large FXCM spread, adding a tick to either side of my "risk zone," etc.)

Now long the UJ...not a great start... UPDATE: Stop moved up a little... UPDATE 2: Stop moved up a tiny bit more...I've lost all hope for this one, but hangin' in there...

UPDATE: Stop moved down again... FINAL UPDATE: Taken out...

Currently short the UJ... UPDATE: Stop moved down a little...

POST-TRADE UPDATE: Coulda been worse...

Potential UJ long... UPDATE: Stop moved up... FINAL UPDATE: Taken out...probably should have stuck to the sidelines seeing as we're in something of a "chop zone" on the UJ. I think I was a little desperate for a trade and reached a little bit after missing the great move on the EU I posted. Not a good start to the week...I hope I can hold it together emotionally!

Shouldawouldacoulda on the EU (along with similar opportunity on some other pairs)...

Well, I think I'm done for the week. I traded this week with a real/live FXCM Micro account, and will continue with the same account next week where I left off. I posted every single one of my trades this week and came out just slightly better than break-even. I had some decent entries this week, but I didn't manage them very well. You hear about fear and hope in the market, and how traders usually have them flip-flopped from where they ought to be...I think with me I'm just operating out of fear. I cut my losses but I also cut winners. I've come to the conclusion that at this point, I'm a fair analyst (I didn't say good...just fair), but I'm a poor trader...I definitely need more work on management than picking trades. Have a good weekend! Cory

POST-TRADE UPDATE: Glad I took myself out, because if I hadn't, NFP would have!

FINAL UPDATE: My hope for a profitable trade here had more or less vanished, so I actually moved my stop to 5 ticks below entry in order to break-even for the week (rather than 1 tick below entry like I usually do when I move my stop to break-even)...whether my stop was at entry or 5 ticks below, it would have been stopped out either way by now... Also, I messed my order entries up and accidently went long a couple of micro-lots when I got stopped out of this trade...closed it right away for a 4.1 tick profit... I added a dotted magenta line to my chart to illustrate why I got to break-even when I did...

Currently short the EUR/JPY... UPDATE: Stop moved tight... UPDATE 2: Stop at break-even...

POST-TRADE UPDATE: Shoulda/woulda/coulda filled at PT1...

Wasn't able to trade yesterday...trading today and kicking myself for missing the drop on the EU...oh well, moving on... Potential long on the UJ...honestly not holding my breath for a fill, though... UPDATE: Moved my stop tight and got taken out...