For my Grandson

Loss # 1 is Ok the other two were sloppy management and entries....

FRIDAY 02/07/21 NFP Day and I am trying yesterdays strategy again.....11:50 JPY news that will make a difference...

Here we go again...

there seems to be a market "tempo" of a step up and retracement, step up, retracement, step up...lets see..

its been a terrible week and its tempting to take this ...

bird in hand sort of thing so I took it, after that step up a retracement is due? will be back at LO.

Dammed if you do dammed if you don't there was $1000.00 in it and I need a 1000.00

Honestly I was not watching there were two bites of the same cherry on offer....

NFP at 12:30 am (2.5 hours time) anyway I had a nap and overslept LO (Just not well) however before I went to sleep felt I did not have the emotional capital to trade unless conditions were absolutely optimum.
Attached how LO worked out, GU up GJ down they have different counterparties and this happens .... its been a poor week, a reflection of how I feel...possible trade short for 10-15 points on GU outside bottom of LO window...

This week...
I had to snip it twice I was unable to upload it as a document...have included it as reviewing last weeks posts I see a week needs a conclusion will post last weeks also.

Last weeks paper thin effort...

Monday 5/07/21 US Holiday today 4th July this will in all probability mute the market, attached is the USDX for Friday it is possible there was a correction on the NFP move, the open this morning and week end news will confirm....

Lets look at what happened yesterday (Monday), Friday had been NFP day and Monday was USA July 4th holiday, early in the day a GJ trade was taken and closed at 9 points for 550.80 later at LO a shirt at the last high just before the 50 line was taken on GU I watched it go into profit by $600.00 I decided to hold and took the dishes out when I came back a retracement was under way I did not close expecting at worse a double top which started to form on the 5M chart, then it popped over the 50 line and closed above on the 5M I then took a hedging long as I expected short was the right direction but thought it would match last weeks high of the 30th June at 1.3871 (ish) where I would close the long and possibly consider another short, it then closed below the 50 line where I closed the hedging long and took a short to help alleviate the previous loss, it the reversed and went above the previous high were it was also stopped out.
This is the signal to sit on hands left a 20 point stop on and left the original trade which was stopped out at the 20 points exactly before a reversal at LL I was asleep, all in all a bad day, There is about 2 weeks left of this demo account and I want to bust 100% return and have stalled of late at around 48% just touching 50% yesterday…

Tuesday 06/07/21 it was a spectaculars night last night. I lost $7800.00 I watched a guru on utube who says he has made $250,000.00 so far this year and hopes to make a million by the end of the year, he trades looking at the candles only and last night traded gold and GJ any way at the RN (154.00) I felt our system says short, however he said long I watched and was filled with regret when it retraced from the RN, but then it popped through and I noted it had been above the 50 line all day and I felt I would go along with him for the ride, I noted the only participant who said 154.00 was resistance left the room, any way I stayed for the wild ride, he suddenly stopped his presentation, after announcing for $500.00 we could join his mentorship and learn to trade like him,,,, I want to get this sorted before I see you next Wednesday, at present it does not look likely...

Last Night I traded a high risk high reward trade and lost...I did not think I could sort the losses this week but thought next week I could make a stunning recovery....my demo account has expired I thought I had another 2 weeks but it has now closed with a last week of trading very badly.... We will look at things again next week during school holidays when you come around