Cory2679

Both stops at break-even... UPDATE: Both trades taken out for break-even...

Potential GU short...

Potential UJ short...

Shouldawouldacoulda EU short...and the ONLY reason I didn't take it was because yesterday I had said that I wasn't going to be trading anymore this week...I didn't want to go back on that. I marked it up ahead-of-entry and wanted to take it but didn't (I didn't mark profit targets ahead-of-entry so I didn't add any for this post). I probably just should have taken it...after all, after that downmove off the news yesterday, we're basically in a whole different environment. I should have at least posted it and just said I wasn't trading it! Oh well. While it's disappointing to have missed it, it's still encouraging to have seen it and that the potential was there. I'm still just learning after all! I'm out of here in about 30 minutes so that'll be all from me this week. Looking forward to next week!

Just thinking about this losing trade a little... I don't think this trade fits in the same category as the other 4 trades I'd had this week. The other trades were more or less taken in a poor, go-nowhere environment...it wasn't that I outright called the direction wrong, there was just basically no direction at all and I got whipped out. This time I just plain got it wrong...my analysis was wrong...I went long when I ought to have gone short, plain and simple...and the market was particularly brutal due to the increased volatitilty from the news. It's a losing trade...at my current stage of development, it's probably a losing trade I'd take again. While in the trade in the beginning, I thought I'd bagged a winner! I felt confident. The market was still technically trending up, we hadn't quite reached the level of resistance I had my eye on, and I thought I long was worthwhile. Price had shot down just a little on the news when it came out, and often when that happens, I have my eye out for a long when price bounces from that initial burst. With the benefit of hindsight, I could potentially make an argument for a short there as well, but in the moment I didn't see it...plus with all the crazy volatitily it would have been a bit difficult to even catch except with a market order. Have a good weekend!

Since I'm done trading, I guess I might as well post post my end-of-the-week performance log like I usually do...

Wow...just got slammed hard on a EU long...the market went crazy...it basically went from the high to the low in about 1 second, then back to the high a second later. Crazy. You would have though that it was NFP or FOMC or something. I got slipped and took a 1.1R loss on that trade. I'm done trading for the week...I'll be on the sidelines monitoring but I'm not going to do any more damage to my account this week...it's getting to be a little much.

Didn't turn out to be all that great after all...went barely 1R in my favor and bounced back up through the entry. This has been a tough trading environment this week. I think it may be because of the lack of economic news. It's crazy...yeah I haven't had any winning trades this week (I've had 1 breakeven then 3 losses in a row for a total of about -2.2R), but I haven't even had any major shouldawouldacoulda wins either!! The best thing I could have done so far this week is absolutely nothing! That is probably going to be the lesson this week. I've been trying to determine whether it's just been a poor environment or if my calibration's off...I'm leaning toward blaiming it on the environment (and my failure to adapt, of course). Anyways, these are just some thoughts that are floating around in my head. I'm off to work now. EDIT: Well I guess there is one shouldawouldacoulda...I shouldawouldacoulda traded the European sessions! haha. The currency markets seem to move no matter what during the European session.

Shouldawouldacoulda EU short...

Potential GU long... UPDATE: Full 1R loss. Wow, I'm really having a bad week so far...the worst yet since I started consistently trading/posting over 6 weeks ago. I'm not 100% sure what's going on...not sure what to do right now...

FINAL UPDATE: Taken out... You can't even imagine how discouraged I am right now. POST-TRADE UPDATE: Potential for a 1R loss had I not moved my stop...

Currently short the EU... UPDATE: Stop moved down...

FINAL UPDATE: Order canceled...

UPDATE: I've canceled the sell order...it's pretty late and I'm probably done for the day, but I still have the buy order in for now...

Current look at the EJ...

Potential EJ short... UPDATE: Ouch that stings...

FINAL UPDATE: Taken out for break-even.

UPDATE: Stop moved down...

Potential EU short...

I know it's early but I'm gonna go ahead and call it a week. We had a holiday on Monday, then I had a rough start to the week but managed to make it back and then some. Still a whole lot of room for improvement. I'm getting good experience/practice, though. The drawdown and full 1R loss earlier in the week was probably a good thing because it forced me to experience the loss and move through it. Have a good weekend!

Shouldawouldacoulda UJ long...

UPDATE: Filled for profit. Wow that was stressful holding through NFP! haha UPDATE 2: Wow that profit target could not have been better placed! (I'm not taking credit...I know that was a little lucky! )

Potential EU long...

Shouldawouldacoulda GU short...

I just had confidence in the trade I guess. It probably helped that I wasn't at my computer most of the time. I was checking in here and there but I wasn't watching every tick.