Trading is Fun

2 Months in a row

2012-01-31T08:05:00.000-08:00

1.31.12

In December I booked 21.8 pips and in January I booked 50.4 pips. This is the first time since Aug/Sept of 2010 that I booked positive results in two consecutive months.

My goal for February is to book 100 pips.

This month I think is critical for me to prove to myself that my winning ways are sustainable. I'll be back at the end of February to let you know how I did.

Equity Curve

2011-12-29T16:20:00.000-08:00

Thanks to Trader32 for pointing out myfxbook. Here's my equity curve since I joined Oanda.

Update

2011-11-01T07:25:00.000-07:00

11.1.11

Today's result: -$15.90 : (15.9 pips)

My posting may become nearly non-existent for the upcoming months as I'm going to seek assistance in becoming a better trader. I've definitely hit a plateau in my progression and I've been trading longer than my blog indicates. Seeking help is a risk of my money and time. Seeking help also is the most prudent thing I can do as I've truly tried to help myself for a long time to no avail.

+ $16.70 : 16.7 pips

2011-10-31T07:14:00.001-07:00

10.31.11

- $74 : (7.4 pips)

2011-10-28T07:31:00.001-07:00

10.28.11

+ $6.90 : 6.9 pips

2011-10-27T07:41:00.000-07:00

10.27.11

- $57.01 : (5.7 pips)

2011-10-26T07:49:00.001-07:00

10.26.11

Market was going down and I was selling and I still lost. Go figure =)

No Trades

2011-10-25T09:04:00.000-07:00

10.25.11

- $156.71

2011-10-24T07:26:00.001-07:00

10.24.11

- $6.85 : (13.7) pips

2011-10-19T07:46:00.000-07:00

10.19.11

- $15.39 : (30.78) pips

2011-10-18T07:15:00.000-07:00

10.18.11

Bad trading. Then more bad trading. Here are most of my losing trades.

+ $5.60 : 11.2 pips

2011-10-17T06:35:00.000-07:00

10.17.11

+ $5.90 : 11.8 pips

2011-10-14T01:18:00.000-07:00

10.14.11

Traded the European session today as I will be at the airport to catch a flight during my usual trading time. Hope ya'll have a nice weekend.

+ $2.85 : 5.7 pips

2011-10-13T08:10:00.000-07:00

10.13.11

+ $11.83 : 23.66 pips

2011-10-12T07:49:00.000-07:00

10.12.11

- $102.49 : (4.09 pips)

2011-10-11T08:05:00.000-07:00

10.11.11

Broken Computer

2011-10-10T10:50:00.000-07:00

10.10.11

This weekend my computer stopped working. I'm hoping that it'll be fixed by tonight so I can continue trading tomorrow. In the meantime here is a couple I follow on the internet and I find them hilarious. WORD.

+ $79.00 : 15.8 pips

2011-10-06T08:40:00.001-07:00

10.6.11

+ $23.50 : 4.7 pips

2011-10-05T09:32:00.000-07:00

10.5.11

- $1.14 : (2.29 pips)

2011-09-30T09:04:00.001-07:00

9.30.11

- $5.95 : (11.9 pips)

2011-09-29T08:04:00.000-07:00

9.29.11

While trading today I could feel that I was going to lose because the rhythm of the market and my trades didn't quite feel right. What would have been great is if I simply didn't trade today.

+ $3.09 : 6.1 pips

2011-09-28T08:03:00.001-07:00

9.28.11
Got to the screen late.

+ $4.80 : 9.6 pips

2011-09-27T07:59:00.000-07:00

9.27.11

Reality Hits You Hard Bro

2011-09-23T07:58:00.000-07:00

9.23.11 continued..

Friday fun. Check out this video. This guy was in a car accident in Phoenix AZ this week and describes the event with allot of energy. I think its hilarious that his hat fly's off and he doesn't even notice. Silliness aside - his message rings true: "Reality hits you hard bro."

+ $2.80 : 5.6 pips

2011-09-23T07:53:00.001-07:00

9.23.11

+ $8.30 : 16.6 pips

2011-09-22T07:17:00.000-07:00

9.22.11

I used HLC bars today. The thought behind using them is I'd find them more straight forward than candlestick charts. When using candlestick charts I'm paying attention to the HL but I'm also looking at the up and down of the open and close. I find it easy to not pay attention to the close on a HLC bar so now I'm looking only at the HL. Just an idea I got from Richard's post yesterday. Perhaps looking at less information will allow me to see trades in a more simple context thereby reducing my tentativeness and improve my execution? I think tomorrow I will try removing the bollinger bands from my chart as well.

- $10.50 : (21 pips)

2011-09-21T08:15:00.000-07:00

9.21.11

- $1.30 : (2.6 pips)

2011-09-20T08:20:00.000-07:00

9.20.11

+ $2.50 : 5 pips

2011-09-16T07:43:00.000-07:00

9.16.11

Day 2 of 1-click market orders.

The candle colors on my chart are Baltimore Ravens inspired. I live in CA but I'm from MD. Enjoy your weekend!

+ $4.14 : 8.29 pips

2011-09-15T08:22:00.000-07:00

9.15.11

Re-tooling my entry style into 1-click market orders.

- $36.30 : (12.2 pips)

2011-09-13T09:33:00.000-07:00

9.13.11

+ $59.30 : 19.7 pips

2011-09-09T08:29:00.000-07:00

9.9.11 cont.

I took this final trade of the day the same reason I took the previous 5 losers in a row - because it looked decent to me. It seems though it could have easily been my 6th loser in a row but instead it was a winner that wiped out all my losers.

Ok. So now all I have to do is be more selective with my trades to reduce the number of losers! Well, my experience with that idea so far has not lead me any where positive. I start second guessing, waiting for too much confirmation & missing moves entirely.

I'm sure I'll figure it out eventually but damn can this sh*t be frustrating in the mean time =)

Here is some happy going into your weekend -

- $46.19 : (15.3 pips)

2011-09-09T07:45:00.000-07:00

9.9.11

5 losing trades in a row. Analogy: in the middle of the ocean on a raft and I cannot see the stars but perhaps one day I will find a habitable land mass. WORD. Have a good weekend people.

- $71 : (7 pips)

2011-09-08T08:36:00.000-07:00

9.8.11

+ $0.00 : 0 pips

2011-09-07T08:44:00.000-07:00

9.7.11

+ $10.50 : 3.5 pips

2011-09-02T06:57:00.000-07:00

9.2.11

I let yesterdays market rhythm become today's rhythm in my mind. I was tentative with both of my trades and both ran in my direction after I took profit ridiculously early. Done after two bad trades in a row and will be back on Tuesday with a better frame of mind.

+ $14.10 : 4.7 pips

2011-09-01T08:20:00.000-07:00

9.1.11

+ $18.30 : 6.1 pips

2011-08-31T08:13:00.000-07:00

8.31.11

- $89.89 : - 30 pips

2011-08-30T08:16:00.000-07:00

8.30.11

Bad trading then a little more bad trading sprinkled on top.

+ $32.10 : 10.7 pips

2011-08-26T08:44:00.001-07:00

8.26.11

- $3.30 : 1 pip

2011-08-25T08:14:00.001-07:00

8.25.11

+ $27.30 : 9.1 pips

2011-08-24T07:11:00.000-07:00

8.24.11

+ $16.50 : 5.5 pips

2011-08-23T07:52:00.000-07:00

8.23.11

- $80.70 : (27 pips)

2011-08-19T08:09:00.000-07:00

8.19.11

+ $11.09 : 3 pips

2011-08-18T07:58:00.000-07:00

8.18.11

- $27.29 : (9 pips)

2011-08-17T08:25:00.000-07:00

8.17.11

- $51.88 : (17 pips)

2011-08-16T08:49:00.000-07:00

8.16.11

+ $38.69 : 12 pips

2011-08-12T08:15:00.001-07:00

8.12.11

+ $2.50 : < 1 pip

2011-08-11T08:04:00.000-07:00

8.11.11

I felt allot of negative emotions as I took 5 losing trades in a row. I almost didn't take my last trade. Then I thought about how many times I've not taken the last trade and it was a winner that would have made up for my losses. My last trade today could have been a loser and I think I'd still be feeling allot of negative emotions. However my last trade was a winner that made up for 5 losers and now I'm feeling neutral.

+ $38.08 : 12 pips

2011-08-10T07:12:00.000-07:00

8.10.11

I got to the screens a little late this morning and missed at least one good entry.

+ $2.25 : 22 pips

2011-08-05T07:37:00.000-07:00

8.5.11

A well written post by Richard.

Funny original video you've perhaps already seen. <- If you haven't seen it.. wait as reaction grows!

Funnier re-mixed video you perhaps not seen yet.

- $1.80

2011-08-04T08:26:00.001-07:00

8.4.11

- $100.50 : (20.1 pips)

2011-08-03T07:53:00.000-07:00

8.3.11

+ $37.60 : 18.8 pips

2011-08-02T07:50:00.000-07:00

8.2.11

- $4.34

2011-07-29T07:14:00.000-07:00

7.29.11

Today I traded from the 1 min chart and the 5 sec chart. 50 cents per pip. Monday will be 10 cents per pip.

- $106.80

2011-07-28T07:50:00.000-07:00

7.28.11

It's very evident that I don't know how to be a profitable trader. I'm very lost. I have lots of trading concepts in my head but how am I to tie them together into profitable results?

I can play the high % win game but my losses are too big. I can play the low % win game but I take too many entries to find the runner. I've beaten myself up in the market now to where I'm going to have to trade small to tiny size again until I figure something out and as of now there is no light at the end of the tunnel.

What needs to click in my head!?

- $156.98

2011-07-27T07:23:00.001-07:00

7.27.11

+ $30

2011-07-26T08:29:00.000-07:00

7.26.11

+ $48.00

2011-07-25T07:54:00.000-07:00

7.25.11

+ $33.98

2011-07-22T07:41:00.001-07:00

7.22.11

+ $22.5

2011-07-19T08:03:00.001-07:00

7.19.11

+ $41.69

2011-07-12T07:48:00.001-07:00

7.12.11

- $104.49

2011-07-11T07:50:00.000-07:00

7.11.11

+ $19.59

2011-07-08T08:27:00.000-07:00

7.9.11

- $34.00

2011-07-07T07:58:00.000-07:00

7.7.11

My level of trading frustration is at an all time high. I need to think very deeply about what is holding me back from consistent profitability. I'm constantly seesawing between BE and Loss over and over and over and over and over again.

- $5.89

2011-07-06T08:21:00.000-07:00

7.6.11

Practice Makes Perfect

2011-07-04T09:36:00.000-07:00

7.4.11

Legit -

Original Video: http://www.youtube.com/watch?v=eaIvk1cSyG8

Re-mixed Song: http://www.youtube.com/watch?v=F2ZShmt19uQ

- $457.40

2011-07-01T07:43:00.000-07:00

7.1.11

For those following my blog in the USA have a nice 4th of July weekend! For those following my blog outside of the USA have a great weekend as well =)

- $160.45 updated total bc of trade not shown

2011-06-30T08:58:00.000-07:00

6.30.11

+ $146.20

2011-06-29T08:51:00.001-07:00

6.29.30

+ $161.50

2011-06-28T07:53:00.001-07:00

6.28.11

+ $52.01

2011-06-24T09:05:00.001-07:00

06.24.11

+ $69.99

2011-06-23T07:33:00.000-07:00

6.23.11

+ $82.97

2011-06-22T07:50:00.001-07:00

6.22.11

- $220.55

2011-06-21T08:07:00.001-07:00

6.21.11

- $14.02

2011-06-20T07:15:00.001-07:00

6.20.11

- $590.06

2011-06-17T07:44:00.000-07:00

6.17.11

+ 32.29

2011-06-16T08:11:00.000-07:00

6.16.11

+ $23.09

2011-06-15T07:50:00.000-07:00

6.15.11

Loss, loss, loss, Break-even, WIN.

+ $43

2011-06-14T08:08:00.000-07:00

6.14.11

Today I traded very poorly. I surfed the web too much and I became complacent in my trading. The last trade shows how quickly I exited a profitable trade for literally no reason. Gotta check myself and trade better for the remainder of the week.

- $1.70

2011-06-10T07:43:00.000-07:00

6.10.11

I didn't feel I could take any good entries today and the market simply got away from me. The second trade was basically just a total gamble from frustration of not finding any good entries prior. I don't care that I gambled because the size was insignificant and I simply don't gamble if I'm trading with larger size.

+ $85.39

2011-06-09T07:36:00.000-07:00

6.9.11

Considering the craziness that ensued after my first trade I took my size down to only $1 per pip on my last 3 trades. This ended up being a good decision and the biggest reason I ended positive on the day.

+ $113.93

2011-06-08T07:28:00.000-07:00

6.8.11

+ $111.09

2011-06-07T09:14:00.000-07:00

6.7.11

- $93.55

2011-06-06T07:57:00.000-07:00

6.6.11

+ $61.60

2011-06-03T08:22:00.001-07:00

6.3.11

Have a nice weekend fosho.

+ $61.50

2011-06-02T07:42:00.000-07:00

6.2.11

I bailed on my first trade too early.

+ $77.48

2011-06-01T07:55:00.001-07:00

6.1.11

+ $43.47

2011-05-27T08:20:00.000-07:00

5.27.11

Have a nice extended weekend for those in the US. WORD.

- $74.21

2011-05-24T09:38:00.000-07:00

5.24.11

I won't be back until Friday due to travel. WORD.

+ $17.09

2011-05-23T07:37:00.000-07:00

5.23.11

Frankly I'm surprised that I'm up $17. I didn't look at my p&l at any point until I was finished trading for the day. My trade size changed between $1 or $3 per pip. I had to leave for work earlier than usual so my trading day ended early as well. See ya tomorrow. WORD.

or something like that

2011-05-20T08:54:00.000-07:00

5.20.11

I made cents or a dollar or something like that... by the time I woke up and the trading screen going the major moves were complete and I was left with scraps. I reduced my trade size to 50 cents per pip. Gotta stop doin' the BS that leads me to having trouble waking up early. WORD.

Have a nice weekend ya'll.

+ $13.69

2011-05-19T07:58:00.000-07:00

5.19.11

I didn't feel particularly confident about any trade today so I continued to keep my trade size small.

+ $7.79

2011-05-17T08:11:00.000-07:00

5.17.11

Another day of hardly any trading. Gotta start forcing myself to get up early again so that my body can adjust to the sleep cycle.

+ $2.50

2011-05-16T08:06:00.000-07:00

5.16.11

I only traded for a few minutes today.

+ $120

2011-05-04T08:02:00.000-07:00

5.4.11

Off to the day job. Here is how the day went for me.

- $56.00

2011-05-03T07:46:00.000-07:00

5.03.11

I'm fairly disappointed that I allowed myself to get shaken out of my last trade of the day too early. I made numerous other mistakes today but I don't have time to go through them because I'm off to my day job. WORD =)

Interesting Waves

2011-05-01T20:22:00.000-07:00

+ $43.99

2011-04-28T08:06:00.000-07:00

4.28.11

I only took one trade because it happened to be there during the short time that I was able to trade today.

- $163.57

2011-04-21T09:18:00.000-07:00

4.21.11