I've had another month of spinning wheels and sliding backwards, so I'm going to have a break from Forex for a while. Hopefully for a few months to have a good reset but we shall see. I have written in my journal and I have written a plan for when I start up again. It's interesting seeing how trading plans evolve with experience reading my journal I agree with a vast majority of what I've written. So why am I not successful?? Well the answer to that is that I lack discipline, and I will not succeed until I get that! I am also guilty of placing too many and too big trades. The only positive aspect of my trading is that I cut losses - in the last month my biggest blow out was an 11pip LOSS, most around 4 which works for me as a tight scalper .
I appreciate the kind words and positive support from members here.
I also have to say I've been recently disappointed with the angst and disharmony on FF too. I guess for me I try to be respectful to others, but I see FF provokes strong opinions and arguments, which recently has become quite pervasive!
Anyway, I love Forex ( I'm wondering if the inherent risk nature has an addictive element to it- actually yes let's be honest it does!)
I will trade again in the future, I have learnt lots about the market and about myself. I am more disappointed in what I've learnt about myself to be honest.
When I return to trading I will trade demo, strongly influenced by oldtradermans simple RR , I will try the 1min , as correct money management and RR is my biggest failing rather than indicators etc. I know UJ, I have spent 3 years studying UJ during Asian, it will remain my focus.
I recognize my failings, I own my losses, the market owes me nothing, I will re group and return !!! ( and probably lurk in the meantime)
Cheers Helena
I appreciate the kind words and positive support from members here.
I also have to say I've been recently disappointed with the angst and disharmony on FF too. I guess for me I try to be respectful to others, but I see FF provokes strong opinions and arguments, which recently has become quite pervasive!
Anyway, I love Forex ( I'm wondering if the inherent risk nature has an addictive element to it- actually yes let's be honest it does!)
I will trade again in the future, I have learnt lots about the market and about myself. I am more disappointed in what I've learnt about myself to be honest.
When I return to trading I will trade demo, strongly influenced by oldtradermans simple RR , I will try the 1min , as correct money management and RR is my biggest failing rather than indicators etc. I know UJ, I have spent 3 years studying UJ during Asian, it will remain my focus.
I recognize my failings, I own my losses, the market owes me nothing, I will re group and return !!! ( and probably lurk in the meantime)
Cheers Helena
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