Time for Change - Pivots & Harmonics to freedom

Trade#35. Got in short on EG again during morning US session for 26 pips, $650, 2.8% on the account. Pretty smooth trade, only 10 pips of drawdown. Between the two trades I got almost all of the 80 pip move. Looking to continue selling this pair next week.

Letting the AU trade run for the weekend, close to BE on it. Looking for a gap and go situation on Sunday which may fuel a drop by trapping people long. Smelling some risk off coming in the week ahead with the uncertainty surrounding the Fed cut and ECB policy, Brexit, and the Iranian conflict.

I closed the AU trade for $666, about 3% on the account. Happy to be out of anything USD related and will continue to stay away from USD until after the Fed decision. That is 35 winners in a row.

Trade#36 is a long CJ off the S38. Will post the chart later.

Here's a pic of that CJ trade, working out nicely so far.

Trade#37. Long AU off the S61.

Closed the CJ trade for +$1,026, just over 4% on the account. Happy with it.

BIG loss on AU. I obviously drastically underestimated the effects of the trade war on the Australian dollar. I just kept hanging on waiting for a bounce, that never came. Stocks recovered, Chinese Yuan recovered, Trump remarked that he would halt tariffs if they began making progress on a deal, but nothing helped the aussie. The strangest part is, what finally killed me was not any of that. I made it through so many news events with this trade. The Fed rate cut, the RBA rate decision, but the New Zealand rate cut tonight that I was not anticipating to be a major event just TANKED the aussie. Completely unexpected and I was left surprised and unable to act. I went 13 months without a single loser and paid for it today. This was truly a great lesson though. My trading style uses wide stops and scale in entries, but there has to be a line in the sand that you just cannot let a trade cross. Anyhow, I have turned off my trade explorer for a bit and will take some time to get my head right after this trade, but will return soon.

Well on my way to recovering from the AU loss. I've had nothing but winners again since. Made back 60% of the loss. Just under $11k in 4 weeks...on a $14k account. Will get the trade explorer back up and running once I've recouped 100% of the loss. I have also been fine tuning my strategy, loving it so far! Working on a PDF document detailing the strategy.

Made back 85% of that loss now. My Trade Explorer will forever show a disgusting drawdown statistic, but I will continue on, using it as a constant reminder of that one trade I let get away from me. Will post Trade Explorer when I've finished recouping that loss. So close! Honestly though, it feels better making the money the second time than it did the first...really no doubt now that my methods have merit.

Also, I have just edited the first post of this thread, take a look if interested.