Unbelievable. Huge smile on my face today gents.
Here's a capture of my 3 Hour chart of the eur/usd trade I just closed. Needless to say this takes the cake for being the most emotionally-draining trade I've ever closed.
Okay so from the get-go things went against me. I placed the trade when the FED announced their rate cut. Of course the free market response would be for the dollar to crumble but not in our business, right?
I scaled down my position considerably during the drop on March 20th. The following weekend was probably the most psychologically twisted period I've ever had since I started trading. I was too close to this trade. From my entry point to the lowest price during the Sunday evening session my total drawdown was 452 pips! I'm trading at 50:1 leverage so I'm bleeding very badly. Carry that around in your head when people ask you, "how's your trading business going?"
http://i280.photobucket.com/albums/k...d_trade_sm.jpg
Here's a capture of my 3 Hour chart of the eur/usd trade I just closed. Needless to say this takes the cake for being the most emotionally-draining trade I've ever closed.
Okay so from the get-go things went against me. I placed the trade when the FED announced their rate cut. Of course the free market response would be for the dollar to crumble but not in our business, right?
I scaled down my position considerably during the drop on March 20th. The following weekend was probably the most psychologically twisted period I've ever had since I started trading. I was too close to this trade. From my entry point to the lowest price during the Sunday evening session my total drawdown was 452 pips! I'm trading at 50:1 leverage so I'm bleeding very badly. Carry that around in your head when people ask you, "how's your trading business going?"
http://i280.photobucket.com/albums/k...d_trade_sm.jpg