Price action trader wanting to turning pro

Took a risky CT trade NZD/USD because I'm crazy lol TAG= -1.0%

Couple days ago I was long @ .9245 USD/CHF , up as much as 50 pips while sleep, closed out today while I was sleep TAG= -1.0%


Last night EUR/CHF Short Counter Trend, 3hr divergence , Pin off BRN, in PPZ zone, Boom!

O:1.3195 C:1.3086 +2.3% 2.5R

Quick update:

Entered on a long yesterday in an area of fear for many, USD/CAD with really two levels of confluence, but I really didn''t give a crap, because sometimes those type of trades pays off very well. Ends up not working out -1.0%

Took a quick scalp on Cable in ppz zone good for +1.4%

Weekends TAG= +0.6%

Not what I was expecting but it sure is better than losing money. I notice that impatience can cause me take unnecessary risks, I had 3 trades this week I had no business taking. I want make that mistake next week. I would have ended my week +5.0% instead of +0.6 %

Trade updates this week:

I has a lot of bad luck in almost each trade being up as much as 60 pips while sleep to wake up to a loss


1. GBP/CHF -1% (I was up +60)
2. GBP/USD -1% ( I was up +50)
3.NZD/USD -1% ( I was up at least + 30)
4. GBP/USD -1% (scalp trade) I just lost this one
5. I'm stubborn so I reentered at a better price GBP/USD +1%
6. Made a combination trade with EUR/USD, USD/JPY, GBP/JPY to for +2.0%
7. GBP/USD Long +3.8%

I knew everyone was panicking with the sell off so I went long on the pound @ 1.6310, @1.6323, @1.6297, @1.6264 . But I added to the position while it was losing and I saw big drawdown but I ended up making +3.8% . Never do what I did. It was my market experience to know exactly where to move my s/l and to read the price action to know even while I was down that it was going to shoot back up. It took 2 days. In the past I would have exited with a loss.

This was not a pretty trading week for me but I made money and increased my account

+5.8%
-4.0%= +1.8%


TAG= + 1.8%

Trade updates and I finally posting a chart i haven't done it in a while. I have the day off of work lol.

I learned an invaluable lesson this week. I had my trading setups trading plan and trade management ready to go. I learned something a little more about certain pairs when there is correlations from other markets, people like rac , lovejoy, raczfx and others already knew.

Therefore there will be some people that will understand what I learned after seeing my results but the majority will not understand my mistakes and what I learned. By the way those setups were perfect , just lacking one detail caused them to be losers.

These were taken 4/17-4/18
1.GBP/JPY (L) -1%
2. EUR/CHF (L) -1%
3. EUR/JPY (L) -1%
4. EUR/USD (L) 3 entries -1.8%
Equaling = -4.8%

After realizing my error and realizing what the heck was happening,
FIB 61% and PPZ zone bounce off ema,DBLHC on 4hr for more confirmation and boom!
I entered long
EUR/USD @ 1.4224 @1.4227. @ 1.4244 ,@ 1.4222 = + 8.0%

TAG= + 4.08

I want people to see you may not be perfect but it is possible to make money in this business.

do you have a myfxbook chart of your equity growth, is it linear?

I don't have anything like that, I can look into it and see is is something I could figure out how to do, I am one of the few people on the earth that doesn't have a myspace or facebook account. I am still living in the past lol!

Another good week for me

My week ends TAG= +4.08%

I'm setting new goals starting next week 15-20% a week in TAG. Taking my risk from 1% up to 2-3% a trade.

Trade Update:

I took one trade today and I was in this one all day CT.

I spotted something in the commodities market to take this trade along with my other requirements to enter a trade.


Short: EUR/USD @ 1.4591 C: 1.4523
TAG = + 2.23%

Trade updates:

1. EUR/USD short@ 1.4626 closed @ 1.4626 B/E

Trades taken hours apart this morning.

2. GBP/USD long @ 1.6452 closed @ 1.6489 TAG = +1.4 %

( I didn't follow trade my trade management plan on 2nd trade so I am disappointed in my lack of discipline)

Late trade today, I waited to after the Interest Rate news came out and it caused the pair to drop almost 80-90 pips. I took advantage of buying at a good price with a lot of confluence

Long NZD/USD @ O: 8028, O: .8026 O:.8036

TAG= +2.0%

Trade Updates:


4/28/11 -4/29/11


I took a crazy trade with GBP/JPY Long @ 1.3580, 1.3600,1.3612 I had very little confluence on this trade. -2.5%

I took a short term intraday long on GBP/USD TAG = +1.0%

My week ends TAG= +3.9%

Another succesful month for me. I fell short of my weekly target of 15-20% big time. But I am thinking bigger than before and I will continue to work harder and harder to make these weekly goals. I took very good setups except for 1 so-so setup on GBP/JPY.

Trade Updates:

May 1-3, 2011

1. EUR/USD CT trade Short @ 1.4882 (there was a lot of good reasons to go short lol) Trade went more than a 100 in my direction after knocking me out at B/E

2. GBP/USD Long @ 1.6602 C:1.6602 ( I was up +45 while I was sleep) Another B/E

3. GBP/USD Long @ 1.6479 ( left partial position open) TAG= + 3.8%

*I will add more to that position if criteria is met

Next are a series of longs on GBP/USD that were all B/E

3. O: 1.6490 C:1.6490
4. O:1.6483 C: 1.6483
5. O: 1.6487 C: 1.6487


GBP/USD Long @ 1.6479 ( left partial position open) TAG= + 3.8%

I'm not sure if I will keep up with my journal, I have a personal written journal that I keep. I proved what I intended to prove to myself. That I could do it and trade like a pro.

Or just maybe all of my success is just luck

Today's update I really didn't plan on trading today but I saw something I liked TAG= +0.8%

I starting to miss posting in my journal maybe I'll start back,

On Friday 5/19/11 -5/20/11

TAG= +16.0 %

EUR/USD short@ 1.4218 1st position
short@ 1.4200 2nd position


This week I'm on the hunt for 1-3 good trades

Today's Trades


EUR/USD Short @ O:1.4120 C: 1.4088 +32 s/l @ 1.4135
O: 1.4100 C: 1.4088 +12

TAG= + 4.7%

Trade update I hadn't posted a chart in a while so here we go:

Daily Fib 61% / ppz zone from daily chart of the last swing

O: 1.6318 C: 1.6284 I went for 2:1 because I was going to bed when trade was still active

s/l 17 t/p 34

TAG = + 3.6%

Two positions for shorts on GBP/USD, and neither one of them worked out. I really liked both trades but the market did what it wanted to do and I came out with -1.0% total for the two positions.

Still a very good week for me

Trade updates


PPZ zone, bb pierced with standard deviation , severely overbought. It started off as a speculative position then I added more to the position
EUR/USD

O: 1.4641
O: 1.4640
O: 1.4636

Closed out this morning for TAG= +7.0%

I should have made 10%, but I manually exited my position too early. i just can't seem to master this part of trading

Trade update:

Quick short

EUR/USD O: 1.4685 C: 1.4654


TAG= +2.7%

Trade updates:

6-5

EUR/USD Short@
O: 1.4638 O:1.4640 O: 1.4641 all closed out @ 1.4615 ,1.4614 and.1.4618


6-7
EUR/USD Short@
O: 1.4685 C;1.4654

6-8

AUD/USD Long @
O: 1.6038 c: 1.0644

6-9

AUD/NZD Long@
O: 1.2852 c:1.2854

NZD/USD Short@
O: .8265 O: .8251 O: .8241 closed out @ .8233


EUR/USD Long @
O: 1.4540 C: 1.4500 ( Foolish trade lol)



My Week ends


TAG= +11.05%