Thursday

Nett : +15 ticks

Trending but extremely iliquid with 2 ticks spread most of the time. Called the end of 2010's trading.

Overall : +615 ticks in 2 months trading

Wednesday Slow

Another slow day, so I short when rally. Intend to cover 20-ish ticks only as market still in holiday mode.

However, I breached the 600 ticks objective less than 2 months and most of it came from 1 contracts trade only. :)

Nett : +22 ticks

Tuesday

Netting +20 ticks in this kind of day sure give me happiness.

Abandoned all my usual setups, entry on pullback at the 61.8% zone. I planned to averaging down every 30 ticks dropped, except there're major catasthrope coming. But it didn't happen.

Already nett 408 ticks this month, but still missed 22 ticks for phase three.

Nett : +2 ticks
Trades :2
Wins : 1
Lose : 1
Max Wins : 13
Max Losses : 11

Sometimes trades like buy when it's cheap, take profit early, even planned to averaging down worked in times like this. Dead slow market especially in EUR made me broke all rules with one exceptions: max daily losses intact.

First trade, I only planned to make 10 ticks profit. So I entered based on my rules with ultra cautious:

1. The setup had already made 2 failure, which was third attempt may give higher probabilities to succeed.

2. I entered at 5 ticks better than it should be, so SL also 5 ticks higher.

With planned to exit only 10 ticks ptofit, what could go wrong?

Well, stopped out at the exact tick before it ripped through the profit target made me very very mad.

Second Trade, just 10min before US open, my limit order was filled. I was tend to averaging down if the price against my way 30 ticks. I planned to do it at 2-3 attempt before it reached my daily max loss. Why? It's high probability setup. First I entered near the demand zone. Second, if there're no significant news, my trade highly unlikely will succeed. And it is. Succeed at the first attempt.

Done for the week. Should enjoy remaining week without trading.

Nett for the week : +66 ticks

Dull Dull Dull

Nett : 0 ticks

Trades :4

Wins : 1

Lose : 3

Max Wins : 22

Max Losses : 11
So I think it's time for me to stop trading, maybe for the rest of this year. Should exit at 13 ticks profit for total 35 ticks but who knew the market might like this.

GBP made decent 20+ ticks moved while I was focused this damned EUR. Made decent 22 ticks from CHF and losed half of it at EUR.

THANK GOD!!!

Time like this is a best way to feel grateful not inside the market.

Thursday Early

Nett : +39 Ticks
Trades : 1
Wins : 1
Lose : 0
R/R : N/A

I was not expecting a sudden slammed market today, so I got out early. My plan today: 20ticks or 30 ticks max. Expected the slow market, stopped out couple times, I even happy with 10 ticks profit today.

However, there's interesting scenario with 3 perfect scaling up:
1. 1st entry at 3184 (Consolidation Breakout)
2. 2nd entry at 3158 (61.8% Fibo Rally Pullback)
3. 3rd entry at 3141 (100% Fibo Breakoout)

Ideal Exit was 10 ticks from last entry which is 3131. With Mini Contract, it may produced $1100++ in lesss than 30 minutes. Risks? $54 :)

Monday's Dull

Nett : +25 Ticks

Trades : 5

Wins : 3

Lose : 2

R/R : 1.2

EUR moved inside 60 ticks box during Asian to Europe session. Experience this, I trade US session, and stopped out twice. 10.00 EST was trending time if the EUR was narrow. Got in too early, stopped out twice. Got out too early for 25 ticks.

The consolidation today was very annoying. And what I liked about EUR is: Breakout was pure. I mean there're rarely like Crude Oil, choppy until end session. Btw today's Crude was very nice. But I can't cheryy pick when oil was good or not. It's frustrating. Tomorrow when I got ready, Crude may chopped again till closing hour.

Long hour at EUR give me edge. If there's consolidation all day like today, most likely it will breakout. Plus it's only 60 ticks range. How many day EUR only moved 60 ticks? Almost none except for holiday. Also, how many forex traders out there? They saw same chart, same price action, same movement, and get in almost the same time after breakout. Pure and Clean Breakout like this rarely found in E-mini or other Future Index.

Friday's Over

Nett : +102 ticks

Added some scalps (not shown)

Biggest Swing In My Career So far. It's possible to swing 100++ ticks. It's still not covered half of yesterday's losses. Now, I'm done for the week. Down $137 this week because of stupid Crude Oil Trade.

Surprisingly Nett +14 ticks this week and up +323 ticks this month exclude commisions.

Knew My Mistakes

Nett Loss : -233 ticks



It's amazing how I loss my monthly target in just one day. All came from 8.30-22.00 EST. I thought unemployment claim would gave a move. I was wrong. So I just chicken pick and overtrade :( Market might chop longer than I suspect. End of days, expensive lessons.

If I just took my modified setup, the result might 3 stopped out and 1 winner. Overall it might result breakeven at worst. In the mean time, I found the fib retracement also worked good. I had no bias at all today. And worse, I was overtrade 2.5 times. Of Course, the market moved at the exact time after I stopped trading.

It went back to basic again. 1 single contract, slow trade, etc. Sigh..
Please someone cheer me up. Down $760 this week

Thursday

EUR spawn 90 pips range, very narrow. While others like Soybean and Oil made a party. I wasn't part of it :(

Though on tight range, there're lot opportunities worth 20-50pips. Today I made my sin, entered prematurely resulted almost double today's profit. But managed to booked single 61 ticks standart contract wiped clean my mistakes plus decent profit. Until I traded again at US session and slammed backed losing almost all the profits. Managed to get out with additional little profit.

My daily profit always fragile with losses. 3 consequtive losses may wiped out my previous profit. It wasn't good. Need more and more discipline exceting the trades.

Tuesday lay low

I've seen too many untradable days at FOMC Meetng. So I laid low and took it with gratitude :)

Monday: Same Old

Bad example for profit taking too early. The reason because market moved too damn slow. SHould happy with the profit and move on for better trading.

FRIDAY Overkill!!!

Starting London session with a dull movement. EUR didn't seem giving any signal. So I trade AUD. More than 1 hour it moved in 10 ticks range!! And it's London Session already... GBP, trade it according to signal. It just moved 10 ticks, then stopped me out before flew to 50 pips. I just looked at it, not re-entry. AUD also stopped me out on par, before it slam and rise very quickly for 40++ ticks up. Watched this, no longer want to trade. So I trade the pre-US session. At first I want to trade Mini-Lot as usual. But there're incoming news and the spread might as high as 40 ticks at mni lot. So I switched to 6E. Then looked at Head Shoulder Pattern, but never trade based on that. Just for pre-caution.

First entry at better price, stopped out... AT THE EXACT TICK as usual!!

Well, I won't gave up so I re-entry this time with 3 ticks Stop Loss!! That's right, and it never breached. And I held it for more than 2 hours! How many times my mind asked me to bailout at decent profit, I neglected it. In fact, I got out more than I expected. Plan A at 3304, Plan B at 3180. Got out at 3184, near the Plan B. But in the process the 3304 were so tempting. But I stayed with the logic. Price never pullback above 61.8% Fib. That's sign of weakness. Besides, intraday range still less than 100 ticks at that time. So I waited and waited and finally, got out with highly satisfaction. 1 contract: 60 ticks, Risk Reward: 10 times :)

203 ticks in 1 week, sure is a good week for currency trading...

Thursday Early Profit Taking

Twice I missed 50 ticks and 100 ticks chances! That's right. Too f****n early.

London session, stopped out 7 times before it went my way. Early chopped made me nervous so I got out too early. Overall minus 1 tick.

US session: after one stopped out and one flipping, I made one of the best entry in my life. I shorted at 3238, then price went around +18 ticks, went up above my entry but below my SL. I drew Fibbonacci, it stopped around 3240. I add another position there with 5 ticks SL only. Suddenly it went back diving and I got out partial at 3227 ( should 3221) and 3205 ( should 3180, yesterday's low). However this trade made me happy. No soybean trade today :)

Wednesday Bulls Eye

My system worked flawlessly today. Also there's some missed opportunites. Market seemed highly bullish so far. Experts confused with their predicitons, but my system prevailed plus little adjustment prevailed.

Let's see this scenario:

Assumed you had 50% Winning Ratio System with 2:1 Risk Reward Ratio. Then you took max 10 trades every day if you losed and stopped trading if you had 2 winning streaks. The scenario if you lose all 10 trades result 100 pips losses, but this chance are very small. Now let's say you risk 0.5% per trade. 10 trades means 5% losses for the day. Then let's say on average, 10 trades means 50 pips winning daily. You only need to stop after gaining 40 pips. How the result may came after long term? Profit almost in daily basis. Now system with 50% winning and 2:1 RR is not very shabby. Most of novice want a 80%-90% winning ratio. Every system in this world can modified to higher winning ratio sacrificed the risk-reward ratio, or reduced the amount of signal produced. The easiest way surprisingly was a not too high winning ratio like 50%. This system make you realized, there're 50% chance it won't work. Unlike the 80% winning ratio, when you losed 3 times in a row, you may feel betrayand ruined your discipline. It will happened sometimes. Accept the probability and lived with it. Sometimes imperfection bring better result.

Tuesday: So Boring

Market seemed very nice today. Though not strong movement. Mistakes I made, I trade too early today. If not, I may booked $300 profit. Anyway, after missing some actions, it stalled and quiet. Not so chopped. Just quiet.

Let's see if non-currency perform better.

Monday: Battle of Wits

Today's fight were so intense. My biggest mistakes were: Add bias, and it turned out wrong. If I trade according to signal, this won't happen. The good things were: I still trade the signal even against my bias, but it's too late. Market chopped after I realized my mistakes. Then trades were just to survive.

Tiring Friday

Nothing's wrong with today's trade. It's just not the day. Multiple times stopped out at the exact tick. Mistakes:

1. Wrongly choose what currency may move further.

2. Early flipping and stopped out.

3. Stopped out at the exact tick. Sigh :( Wonder if market have eye on my trade.

Win and lose sometimes as thin as paper cut. Eliminating one step of today's trade may result profit. Most of the time it just a matter of timing.

Thursday...

Nett Result : 69 ticks

Next to Phase Two :)

GBP, I waited for breakout consolidation. Instead it made outside bar to washed out Stop Losses. I rode the washes, got out and late to get long again.

EUR, should wait to 3000 zone, but got out early and it's a right decision.

GBP WARNING!!!

I bet my short with this Chart!!!!

Wednesday Profit

I made nice decent profit today worth 42+ ticks. The downside is I had bad RR ratio. My afraid-to-lose nerve still intact and also afraid-to-lose-the-accumulating-profit.

Today's trade is good, discipline, patient. Only scared to loss ruined a little.
I was not listening to 'expert' saying and long my trades. That's where my profit came from.