A Honest journal

Zero, do I care of your opinion? MMm, really not. Keep working on your project. It is far from being over. You will see it soon enough.

Same here. I came to conclusion that when it comes to day trading risk to reward is not always working. Take whatever market gives.

If you see things as a probability things start to get better.

A trend line is a probability.

A indicator is a probability.

Nothing is for sure. If you trade based in this principle you have a chance to make it.

Nice trade long from 1.4260. As price failed to break it, i took a trade and had almost no draw down. Little bumpy road after that but, hey, right now I'm sitting at +40 😀

Hehe, exactly. usually failure to break something is the best opportunity. Very often it is fast. Quick money.

someone today told that those lines mean absolutely nothing. But if you check those lines on the chart I posted it is clear price reacts to them or speed up when breaking them.

Ok, closing the trade for +43 😁 Up for the day and my week also looking very good.

See you guys tomorrow!

Congrats man! practice makes perfect! You sure do not want to connect yourself to myfxbook? even with hidden history. It always good to see nice growth and as far as I am concerned it helps with discipline.

I have to study better how FXbook does it Chikot. They claim a 'read only' access to your account but i have my doubts about it being exploited by hackers or something.

If I do it will probably be when I start trading full time again. For now I'm in transition mode.

I wonder, why is it important? You do not want to them to spy on your strategy?

LOL. not realy. My study is done on my workstation using metatrader.

My trading is from a laptop on Oanda from another internet connection. I don't think they can get my studies that easy.

My concern is that the same scenario that happened with Sony suddenly happens with FXbook and they get hacked.

Can you imagine a freaking 'anonymous' opening some big positions on your account? BRRRRRRR !

I see. you mean all those passwords and account numbers.

btw, if we give only investor's password, no one can trade when logged in with investor's password, right? it is for observation only.

Market in a range.I guess people are nervous about the budget stuff.

I'm up 120 pips for the week. Very in line with what I'm doing for the last 6 months or so. My real test will be after mid august when my office will be ready and I'm gonna bump my money to pip ratio.

 I would say that my first psychological test can take up to 40% of my gains. Since I'm doing anything from 80 to 150 pips week for a while it will still keep me in profit. The good news is that after 2 or 3 weeks (if I can maintain my sanity) I should be back to my comfort zone range, than i will probably trade 2 or 3 months to really solidify my confidence until another bump.

Today I'm being super careful with my trades since my week goal is already achieved. I remember quite a few times giving away a big chunk of my profits on Friday. NOT ANYMORE !

Lol, I traded demo. unfortunately. more than 120 pips for today. closed everything just few seconds before it really tanked.
But it is ok, I also tend to have bad Fridays this is why i stopped before this Friday. Who knows when such moves happens, although after I saw this slow creeping movements towards yesterday's low I knew something was afoot.

I myself never trade live on Fridays. Especially after reading Market Wizards where one of them calculated that statistically his worst days were Fridays, so, he stopped trading Fridays. I think it is wise.

How are you doing in your live trading ? Do you have a trade plan ? What is your risk management plan ? How much capital do you trade with ?

Good Trading...

Darn! I can't believe I lost this entire movement. I'm not focused enough today so I'm definitely turning the computer off before I make something stupid.

The problem is that the retest of 4230 was less than perfect for my standards it only came back to 4240. Five pips lower and a trade was pretty possible.

Oh well! I'm tired, very tough week on my remodeling project, I'm calling it a week see you guys monday!

Have a nice weekend 😄