Zero Run

thought I'd start a journal, seems like it might help some....got a small account, like to see if I could run it up a tad...

first trade of the week..seems like an up market for now

balance to start....

using the hourly chart, feel more comfortable on that time frame....also using some s/r that's near the market and a 100 period SMA, that's it really...

took a loss on this idea....

next idea, seems like we found some resistance last hour....

not a great start to the week....stopped on this also...

another effort, support turned resistance is my read here, lets see how this goes....

a couple of observations this morning....

1. The more pairs your following, the higher the chance of overtrading.
2. Non dollar pairs seem more difficult to read, at least for me.
3. Loosing trades have a far greater cost that what I see on my P/L (mood sours/confidence wanes)
4. A marginal set up, is perhaps marginal for a reason.

covered these for a nice win...

keeping an eye on some resistance here, maybe something develops later today...

took some shorts here....

stopped out, having a tough go today....back to even on the day, calling it quits

need to pin this one on my head...

took one more, over trading certainly plays tricks on your mind...I gave this one some thought, and figured had I been more selective earlier in the day, I would certainly have taken this one, so I did....kinda makes no sense really...

well today was pretty much a disaster...that's for sure..

only thing I did right today was, use stops...

took this one to start the day, looked cheap, near resistance....counter trend perhaps...

took a closer look at this and covered it for a small loss...

reviewed my trades from yesterday, I'd say all where marginal....need to be more selective

so, a few amendments

1. cut down number of pairs that I follow
2. introduce a set start and end time for the trading day
3. increase qualifiers for more stringent trade selection


all things that I have addressed before, but was lax on...