It is all a Fugazsy

no trades for me yesterday.

Took only a trade today on UJ, I knew I was late, the move started earlier in Asia session but I had a go at it with a fail trend line break out drawn from the top.... as soon as I got in prices went to test the ceiling, I thought that was good but then she went in impasse.... I took a bit less then 3 pips on 7.

A better trade was GU where she moved away from a double bottom after a down trend line break.... I did not take it because I was already committed with UJ, and I rarely double my risk at the same time if my SL of first trade has not been trailed to BE.

C'est la vie.

Done for the day.
 
Fugazsy said:
no trades for me yesterday.

Took only a trade today on UJ, I knew I was late, the move started earlier in Asia session but I had a go at it with a fail trend line break out drawn from the top.... as soon as I got in prices went to test the ceiling, I thought that was good but then she went in impasse.... I took a bit less then 3 pips on 7.

A better trade was GU where she moved away from a double bottom after a down trend line break.... I did not take it because I was already committed with UJ, and I rarely double my risk at the same time if my SL of first trade has not been trailed to BE.

C'est la vie.

Done for the day.
Click to expand...
Yes it was best to keep out of the fomc confusion-no doubt killings were made:whistling
 
Yes, being positive about your trading is good but it will not be good enough if you entering where others are selling to you as a profit...
 
took half on 20 risking 10, now SL to be
 

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"To be a super-trader, you'll need an edge to overcome the laws of
probability and the uncertainty of the marketplace. That edge comes
from information flow, the ability to correct your habits in terms of the
market's characteristics, and being able to take risks, cut losses, expand
your information network, ferret out ideas, and take recommendations.
To do this, you will need to develop a trading strategy that is suited
to your personality and temperament. If you are naturally cautious,
build elements of this personality characteristic into your strategy. If you
don't like the decision-making aspect of trading, then find more mechanical
or mathematical models. The point is to know yourself well
enough to develop a strategy that fits your temperament so that you can
push the envelope of success." A. Kiev
 
and more:

"Centering is a process that you can do anytime, anywhere—before you
go to sleep at night, en route to work, or even at your desk. You can enter
a centered state through meditative exercises that shut out the
world, by focusing on specific goals, or by means of increased observation
of present activity. Whichever technique you use, you begin by focusing on a single activity or objective and simultaneously withdrawing
your attention from the external world. By turning your perceptual system
to inward rather than outward events, you reach that receptive state
of mind that is generally described as being "clear," "still," "free,"
"empty," or "euphoric." By focusing intensely on a visual image or by
meditating, you arrive at the alpha state, where the slowed electrical
rhythms in the visual centers of the brain reflect decreased visual attention
to the external environment.
Those slow alpha brain wave patterns are associated with a slowing
of time and the capacity to perceive minute and precise details. In effect,
the slower the brain wave pattern, the more information can be
processed and the more accurately you can respond to trading events as
they are, rather than in emotional terms.
As you learn to achieve the centered state, you'll notice a reduction in
tension. You'll find yourself able to increase the amount of information
you receive and process. You'll be able to tap into knowledge already residing
in your memory, knowledge that might have been less accessible to
you when you were too consciously striving to bring about specific results."
 
a bit more BS from me

GU 5M

a fail BO, a double top bear flag from the previous day pattern, also opening reversal, risked 9 made 32, covered the all at the previous day low also support, prices hit the below support and spiked up.......
 

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this was an easy trade for me.......

but not all days are generous like those.....

many time I got caught in the spiral of my emotions and trade careless but I have learned from it, now I have a plan, when I have 3 losses per day I quit and I do something else, I risk around 1% per trade and in a bad day my losses are limited to 3%.

On this trade I made 3%, somedays I also make 6-7 %, so my losses are limited but my wins are not.
 
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I feel technically I have not much more to learn or more is not necessary better, my work nowadays is focusing on myself and how I can maximising my performance....
 
I decided to trade only GU and EU.........many pairs make me confused......

Now EU has rejected the previous day high (not exactly) and had a strong reversal bar on the 15m TF.

The previous day was a range day, so fading an extreme can be an option.
 
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there was support at 81-85 including the previous weekly high, but seems price went pass it, maybe this can get to 60.... in the mean time GU went to revisit the recent low...
 
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