I opened new account with FXPrimus where I am going to continue trading currencies. As soon as I get passwordsa dn it gets activated I will move funds form Oil account to this new account. Until I have oil schedule back I will not trade oil. Now, currencies for October I am going to look for opportunities at Japanese session time and then New York from 9:45 to 1:20 after all news cleared. I prefer not to get up for London open. I will be looking at 4-5 currencies pairs but mostly E/U. Others pairs might be traded only if some important s/r level or trend line is being tested. E/U, E/J, G/J, G/U and A/U.
I need to notice some overall improvement in my trading despite this DD I have had this month. Statistically my average win was always half of my average loss and already on oil account before DD my average win overtook my average loss and now on demo that I have been trading for few days my average win is already slighter bigger than my average loss despite big number of BE trades. It is encouraging. Also pip count is growing and Sharpe improving. Nevertheless, I am waiting for approval, will move money and restart live trading next week.
I have been thinking of how I got into this DD. My trading went sour after schedule changed but I was thinking exactly the same day when DD started that i only need to be able to stop if things are going bad to be consistently profitable over the long run cause I am quite sure I am already a good trader capable of making money consistently. The last obstacle is psychological. i must have stopped when I saw that things were not working on different schedule. No excuse here. I must have stopped. The only thing that i know is that I am going to stop in the future if I have any change in routine and move to demo until I am sure everything is fine.
Some really interesting idea came to me while I was sleeping. I hope it is a good one as I am going to start using it. However it is not a day trading idea. I do not think it is right to go back to day trade live now as I cannot show consistency in my trading during those Nymex 3 hours yet. I will keep working on my day trading until I have 1-2 weeks of consistent good results as I used to have. Friday was a wild ride. I was doing well till yesterday. so, again, this is constant struggle whether to trade Friday or not. I guess the answer might be yes but not New York time. so, no for now. I will not be posting my day trading for now as I have not found a way to consistently make money with low risk during 3 Nymex hours yet, but I will connect my second demo where I want to test my idea. I guess it might be called my attempt at swing trading with my night revelation. Want to see how it will look on stats. It also might be a solution to my schedule if it works.
That's one of the way to trade with my greatly reduced schedule. I will also continue to work on Nymex session day trading. Need 1-2 positive consistent weeks to go live and this new idea is about swing trades.
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