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Don4

Dons trading journal GBP/USD

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Since im done for the day, i figured i would give some thoughts on this weeks trading so far. Monday started of slow with no trades taken.Tue had a sell signal so entered short hoping there would be a pullback to TP level.Late that evening it came within 7pips of take profit,but it didnt happen.So this would be the first trade that carried into the next day.Wed With tuesday short still running.My next sig is another short, im thinking in my head this isnt the smartest thing to do. But,i had to trust my system and enter another short position (with different ST and TP) it was looking good for a while again it made it down to 7pips from TP on tuesday trade,then exploded up taking out my Stop for wed trade, so now im thinking this is serious support, wow 2 times in a row it made it down to 1.9717 and 2 times it couldnt push through the support!! Today Woke up this morning with tue trade still running and again another signal to sell :eek: now at this point im thinking this really isnt very smart, 2 times it couldnt push through support and im entering against the daily trend. 1 time u can get away with it 2 times your pushing your luck but 3 times in a row entering against the trend!!!! Well i just bit my tounge,even though it was against what i learned over the past 2 1/2 years,I had to trust in my system, so with a TP for todays trade at 1.9687 again i doubled up on Tuesday trade against the daily trend!!!! And the end results was TP hit on both trades,Once it pushed down through support it was just a matter of time.

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Im finding out commision is starting to add up quick,for todays trade i was playing around to figure in the commision with the 2% loss so it will be a true 2% loss. I was a little off this morning even though i entered in at 1 pip better than predicted:D So for now on thats what ill do!! This is a work in progress.Still playing around with the numbers.

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Torero, I have not noticed any slippage up to this point,but since i cannot view my order history(Server Error)i could be wrong. As soon as i find out for sure i'll let u know. I would like to thank you for following along with me and keeping me on track, your help is greatly appreciated!!

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Both positions stoped out -4%. Ok 4 losses in a row as expected no big suprise this happened many times in backtesting. Just got to stick with it. Im just happy that im still up some during these rangy conditions.

 

 

Total pips- +135

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