June 2010. results

-97 pips ( -48 pips of size that I started month but only traded three days)
- 8 %

I started trading this month with bigger size, soon it all went down mainly because of that. If I count my trades in previous size which I traded the rest of this month my roller coaster ride was roughly this:
up 90
down 400
up 190
down 150
up 170


My recent trading is a mixed bag of very bad trading and good one. On some stuff I'm really proud and can see progress. Trading skill which looks to me satisfactory and promising for good results. On the other side there is my bad trading, or emotional trading. There things are as they were always. This is my current reality and I don't have any ideas but to carry forward. As I was brought to this moment by my trading experience I will continue to see what is next.

Missing on a good trade, making profit on a bad trade and good scalping

Just look at my first trade, perfect entry for further short side after retracement. It took long time and I closed seconds before the move. Sometimes I don't want to risk 5 pips and make so poor decisions.
After I guess I was angry at myself for blowing up on that opportunity and then I switched sides. Pretty much bad decision, mostly emotional trade going long in downtrend.
To rescue my bad trade came reaction to ECB tender. I quickly closed my gbp/usd in profit when it miraculously showed and shift to eur/usd which was moving. I didn't know what it was all about at that time but just entered scalping mode in fast market in which I was good. Plus I entered at correct time for new up leg and gained some more profits.

+66 pips

Oanda spread

I was a bit late on that drop through 2200.

+19 pips




I always find amazing order that can be found on small time frames. Check this bounce on 10sec chart, how it look so precise.




Oanda is amazing also. Market is in totally sensitive situation where big movements can occur and they drop spread to 0.6 pips on eur/usd.

Monday

It would be more beneficial for me to trade all leveraged up to the max then to get stuck in averaging position which I don't want to close. When I average I hope, when I can't average I can't hope so I deal with reality. Anyway bad trading today. Bad market in which it isn't easy to trade. Slightly relieved because I trimmed my -100 pips loss, but it was just luck.

-25 pips

Scalping

Today I was again all in small movements and 5sec chart. Because first two trades gave me such hard time for few minutes not moving when there is break down in play I lost confidence in short side. Retracements were shallow plus bigger spread in gbp/usd so it wasn't giving much. My bad move is circled with yellow. If I average and have break even and it's strong downtrend what am I waiting for with not getting out?! I had even a small profit for few seconds. I need to stop messing around with my exits when I average. Because it's double size I'm slower in getting out then if it's one position.
Strength of move in eur/usd surprised me. I was able to take two small scalps in direction of move and didn't want to touch it more because my mind was already today working in fade the move mode as before on gbp/usd. In the end I picked the bottom and win few more pips.
As always some good trading and some bad but I have to be satisfied with result.

+36 pips

Micro scalping

In this kind of market I don't know for a better fit. Directional trades doesn't bring any more then 5 pips and they reverse back in seconds. So quest is to take any profit when there is one on the table. Also it's easier to aim for retracements then to trade in direction of a market. I did good. Only at my last two trades there were problems. First of the two was in the loss and maybe correct way would be to take a loss but I chose average. Then in the end I was tired and simply didn't have patience to hold the trade. I believed that I could get 10 pips if it doesn't break lower but I shake myself out with only a pip of profit.

+21 half size pips

Profitable but risky

First trade had too deep stop for my kind of trading, -17 is too much for momentum continuation trade. There is no more momentum that deep behind
Second trade wasn't good one, purely reaction to being stopped and wanting to get even, I gained 7 pips on it.
Third trade, I don't know I guess it was ok. I didn't want to get stopped on it just because range is big. Then I averaged and was correct about timing. Just when things broke resistance and I was in very nice profit I was moving my take profit line deeper up it reversed so violently and I couldn't believe it. I froze and entered in bad mode - all or nothing. So I waited with double position through the news time where spread is 20 pips with stop 50 pips below my entry. I was lucky with market reaction to the news. All move was on back eur/gbp as I see it. Eur/usd didn't follow up so it was limited. I gave it a chance for much more but it didn't went that way. I closed where I closed because at the bottom of new formed range my profit would be 30 pips lighter.

Risk : reward is 0.5R in the end, not too bright. I'm not yet mentally recovered from last week's incident because this today isn't stable trading.

+56 pips