My 60 day challenge (Yes i know another hero...)

Hi,

Thanks for your support guys, but i blew it again today.

Went short this morning when i should go long (price was above NY rollover)
But added shorts to get BE. I had one chance to get BE but i thought / hoped it would go my way again. Well it did not and i got margined out.

I still got a mind-setting problem. Somehow my mind refuses to close wrong trades.
Somehow i have to practice my mind to close wrong trades on time.

Now i'm a little below my start. I will continue my challenge, but i will not become a hero.

Result of today = -246.2 pips ==>-60.43% ==> $-143.48

Regards

Just ask yourself what your acc balance would have been if you managed your losses well.

Just keep on trying. Don't give up.

Hi,

Today a little different approach, so far so good.

Result of today = 83.7 pips ==>23.46%

Cheers.

The 60 days isnt up yet.... Don't stop now...

Please continue

Jeremy

Hi,

Because of a small holiday here, i was not able to post screenshots in this thread. Altough i have been trading those days with my phone (Not the best solution, maybe its better not to trade...).

Today was ok. It looks Gu wants to go up higher but it has good resistance at 1.60800. Maybe tomorrow with QE we get some more power... Yesterday the range was 99, today 119 (until now). A normal range is around 180, i think market is waiting on tomorrow.

My approach has changed a little bit. Still working on closing bad trades on time...

Tomorrow i will start daily posting again.

Regards.

Hi,

When i saw the charts this morning there was just a small movement since last evening (about 30 pip). So a reason for me to wait until LO opened.
After LO opened price went down to L3, that act as support. L3 was also almost the level of the MACD on the 8 hour chart. From there i took my 1st long.
Nice to see price went up to the R2 level. If H4 is taken out most of the time R2 becomes next target. R2 was the top where the retracement started (before FOMC news). R2 was at the same level as the MH3, another reason to suspect some retracement at that point.
The FOMC news gave some movement today, but not the time to trade for me. I would possible take the wrong trade.

Today was ok. Still have to work on a better entry.

Lets see what the market will give us tomorrow.

Regards

Hi,

Just a quick posting today.
Market went up today, but i missed the upward movements. But i earned some money with the retracements. Hard work today for me. Maybe it was better to trade only the longside today.
Price is now at the MH4 level, lets see if price stays above that and maybe reaches the MR2 level tomorrow. But at 1.6330 there is also the QH4, which could stop the upward move and start a retrace.

Still need to have some more patient now and then.

Regards.

Good Results this past week.

Your Journal is admirable for one main reason I think. You started with around 120 and then lost so much you were down to under 100 and without depositing any more capital you build your account back up to almost 300. You were down but you were not out of the game and that's important and respectable.

Good week.... See you next week..

Jeremy

Hi,

Today was for the shorts. 1st trade was a short. But i was still bullish.
2nd and 3rd trade where not the best trades, but it gave a good profit after all.
The NY rollover was the line today.

I'm now at the half of my challenge. And i doubled my account. Next goal for the other 30 days is to double the account again.
So far i have learned some things from this journal. Still working on the bad habbits i have. And hope i will get rid of them after the 2nd half.

Result so far is an average profit of 2.69% a day.

@Jeremy. Thanks for your support. I try not to get out of the game, but it is sometimes frustrating to get back at the start.

Lets see if i can increase my account a bit more the coming 30 days.

Peter

Wonderful. I am looking forward to the new month. You are doing very well so far. Keep it up. You will definitely learn a lot from keeping this journal simply because you are putting transparency in all your trades and also having people hold you accountable as well as being able to re-review your trades and your thoughts about them as you were taking them.

I will probably be starting a new journal myself in the coming weeks.

Have a great weekend.

Jeremy

How about a bet? I got $1000 against your $50 that you will fail.

....................................................


http://redirect.alexa.com/redirect?w...t.blogspot.com

Bets are good. They keep you motivated. I like this one Vlad

Actually Peter I have a way you can win this bet on a technicality. LoL But that would take all the fun out of the challenge.

Well i won't get the 10.000 in the remaining 30 days, so i would loose the bet.
For now i just want to see how far i come in the remainig days of the challenge.

Hi,

For today i can be short. Not the best for me. Got my profit, but not the way i would like to see.
Market was ranging between 1.615 and 1.61600. Could have trade better if i had waited a bit for better entries of my trades.

On monday, i think it's better to wait for LO and start trading after LO has set the trend. So a little more patient on monday.

Regards.

Hi,

Today was ok.
Price was below open and band when i woke up. Took a short before Frankfurt and LO opened. Entry was just a bit to early, but i played out well. Price went to L4 before the GBP news.
After the news price went up until Weekly open/close. Then again a downward movement. Did not think that price would drop down all the way to L5, but it did.
Maybe price will touch WL4 (around 1.5999) today or during Asia.

Entries could have been a bit better, but overall a good day.

Regards.

Hi,

First trades were ok. But during the begin of NY and the news events regarding the USD, i was wrong at some point. Fortunately price did not went above H4.
Otherwise i had to close the trades and give back the profit.
So the trades during NY time were bad.
I need some more patient after the important news events.

Will see what tomorrow brings, just saw that there are several bank holidays. Probably less trading volume.

Regards.

Hi,

Today was a bit strange to me. Had some trades, but i was not always on the right side. But because it was a ranging day, i manage to get a good profit.

Lets see if tomorrow is more trending.

Regards

Hi,

Today started ok. 1st was short based on the fact price was below NY rollover and below band.
Second trade long was wrong. Thought it would go up (because of break of band), but after some resistance i could better closed it for BE. Did not do that and price went down. Added a 2nd long, but too early. At some moment (around S3) i had some serious loss. Price did not break S3 and went up again. Took a nice profit after a while.
Eventually price went up far more..., but i was done for today.

Lesson of today for me: Its better to wait for a bottom or top pattern, before adding a trade to at least reduce the loss or get BE. Also has to do with patient.

It has been a good week for me, lets see if i can continue this next week.

Have a nice weekend.

Hi,

Todays was ok. Started with a short today, because price was below NY rollover and the band on my tick chart. All trades today were ok, maybe some entry could be better, but overall a good day.

Regards