DislikedIt's a new year. Time for new things. New Efforts! I spend around 15 to 20 dollars a day on breakfast and lunch together while at work. On average that comes out to a max of $440 a month. Lets see if i can offset this expense via forex.Ignored
DislikedMy realization for me in 2013 is that I need to lower my expectations / risk profile and aim for 1% profit per trading day which I believe is very doable.
However, this is not an easy task with a small account since it's hard to accept $40 or $50 profit as a decent day's work. The urge to over trade and over leverage, especially when you've previously smashed 25%+ per week. It simply isn't sustainable. I've learned the hard way and I'm a much more cautious trader this year.
Anyway, enough rambling. Looking forward to the new journal GL. ...Ignored
DislikedJust stick with it and you'll naturally fall into the correct risk zone for you. I think the ultimate goal should really be to read the market correctly and not so much to make 1%. The profits will come but for now you have to build your mental history.Ignored
DislikedYesterdays chart
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Supply and Demand as i currently see it on the 5 minute charts.
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Observations
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Lets see what tomorrow bringsIgnored
DislikedInteresting observations, I see that 1 and 9 were part of the prior supply level that had already been ground down by multiple retests.
2, 3 and 8 should be correlated since when price blasted above 3 there must have some residual buy orders left there, even though you can't see it as a demand level on the M5.Ignored
Disliked... it's hard to accept $40 or $50 profit as a decent day's work. The urge to over trade and over leverage, especially when you've previously smashed 25%+ per week. It simply isn't sustainable. I've learned the hard way and I'm a much more cautious trader this year.Ignored