Didn't get a chance to trade on friday.

First trade today was rejection off figure. Was actually expecting a dip below the 00 level as it hadn't really moved all that far down to reach it, but when it rejected off it, and then second push did not take it lower, I entered. I was actually going to hold for a while as was expecting atleast 10pips, but the first big spike up made me nervous so I exited.

2 trades today. the first was a buy off the lows of yesterday, and the sell was taken off break out of resistance, but ej was hitting daily pivot and usdchf was holding the round number. both ej and eu had already travelled with quite a bit of momentum leading upto the high resistance area, so retrace was high probability.

could have re-entered short a little later, but was too chicken, and already too tired to concentrate.

Trust what you know

Ok, these were my only 2 trades today. Have gone back to my motto of following the pip plan. All I know is that it will take a certain number of pips for me to get to a certain $ value of acct. I had stopped trying to take all of what the market gave, and just taken what I could get initially and not come back to the screen. My personal statistics were always that the longer I spent at the desk, the more I lost, even if I was up initially.

So after these two trades, I was finished for the day.

The first trade was a basic plan setup. Second trade is what I love, failed up/down thrusts. Very tight stop, and a simple clear exit. Now market did keep going up later, but I did not enter on any continuations because I have no idea where the retrace stops.

Have been a bit busy to post screenshots.

Have had 2 days of memory lapse and insanity took over. Left my trading setups in favour of continuation moves, and got done hard. No idea why, it was like I had it, and then all of a sudden lost it.

Well, am back on money today, so shall post screen shots later on.

In time to come, REMINDER TO MYSELF - DON'T CHANGE WHAT WORKS FOR U!!!!

the good, the bad and the not so bad.

Well, today was a day of overtrading, not sticking to the plan, but when the plan was executed as it should have been, it came out very well.

First trade was exactly what I look for, green, and then a pause.

Second trade was something that I used to do, and don't look for anymore, but since this was just after news, momentum looked like it was there to continue on. This was not sticking to the plan.

the following few trades were over trading, as neither did I have green, nor did I have a level. My next level was at 57, and all those buys in between were just overtrading and trying to be pre-emptive, which is never a good result.

When I saw it stall just above 57, and usd/chf was hitting the weekly pivot, I hit the buy expecting a 10pip move, but it didn't eventuate, so I exited.

Had I waited for the 57 level, which came a few mins later, I could have entered at 57/58 and had a 10pip move.

Oh well, everyday is a lesson learnt!

Something to keep an eye on - reminder to myself

Just something that I have been observing, and I got to keep reminding myself. Before my session starts, I should look at the 5tick chart to see where the chart was in regards to being ob/os. If the last colour was red, then market has already cycled ob, so I need to be only looking for the market to start to cycle up, ie get a green at a 'level'.

Something that I will keep an eye on to see how it pans out.

Did it again!!!!

As the song goes, "I did it again..." Had a moment of brilliance, and thought i would try my hand at the continuation trading as eu is trending quite nicely these days. Had several small 2-4pip losses, only to see them go my way eventually. Quite frustrating, just like the old days. My only consolation that these trades were very small size trades. So when I eventually did take my setup, oversold, over shoot, at the weekly r1, push up, try and fail, I took it with my normal lost size so was able to recover most of my earlier losses.

Moral of the story, once you know what you are not good at, don't attempt to do it, esp when you already have something that works.