-2 pips

-19 pips

+3 pips

-7 pips

Capital Preserved

+7 pips

-4 pips

-21 pips

+3 pips

No change

-20 pips

I'm back

its been a while, a good while, I'm giving this a go again. An early start today, around 6am ish to finish at 6.45am for 0 pips, no trades.

no better than before

I started late at 1.45pm and finished at 2.30pm for -22 pips off two sell trades, the last of which was exited by the SL. Maybe I can get my head together at some point soon.

It was bound to happen....

....sooner or later. The stop loss kicked in to finish me off today for -23 pips off one buy trade. Need I say more.

can't shake the bad habits

I started at 9.42am and finished at 10.24am for +4 pips off one sell trade and two buy trades - all down to pure luck again. This is not funny anymore.

Best intentions didn't last long

I started at 3.18pm and finished at 3.41pm for +2 pips off one sell trade and one buy trade - both of which were just plucked out of the air and not worth talking about again. Ho ever, one thing I would say about my first trade - OANDA hung for a good 7 to 8 seconds after I entered the trade before yellow sell triangle appeared, by then I of course was in cuckoo land.

Another day of luck

I will pay the price again for carrying on like this soon. I started at 10.33am and finished at 10.40am for +3 pips.

Just luck

I'm still not taking this seriously......started at 11.19am and finished at 11.25am for +3 pips of one buy trade.

Embarrassing as ever

I’m still at it..........-22 pips of one sell trade!

Another Short n Lucky Session

As before, nothing to be proud of - sat down again at 11.11am and finsihed at 11.23am for +1 pip off another but trade.

Short n Lucky

That's how it played out today as well. Started at 10.19am and finished at 10.45am for +1 pip off one buy trade.

Haphazard....

I sat down at 1.57pm and finishd at 2.11pm for +4 pips off one sell trade. It wasn't executed well - just luck. I'm definitely not in the mind set I ought to be in for trading - just thought I'd try today since I had some peace and quiet.

Threw it all away on the last trade

I started at 9.42am and finished at 9.57am for -6 pips off three sell trades. My downfall – trying to come back from a losing trade.......score for the day 0 out of 10.

Better mindset?

Not yet!

I started at 11.19am and finished at 11.44am for +3 pips off two buys trades and one sell trade. All the trades were risky as hell and not really worth talking about.......score for the day; 1 out of 10 – and that’s only because I finished positive for the day.

Another day

I haven’t traded in over two weeks – I thought the break would do me good but......

I started at 10.31am and finished at 11.23am for -9 pips off three sell trades. Bar the first trade which I executed correctly even though I finished down -2 pips the remaining two trades are not worth talking about.

Time wasting

I started at 10.12am and finished with the stop loss kicking in at 11.11am for -22 pips. Score for today; 0 out of 10, goes without saying.

Round up for the week;

Tues -3 pips

Wed +2 pips

Thurs -22 pips

Grand total for the week; -23 pips.

Just not there in the head right now

I stared at 10.12am and finished at 12.24am for +2 pips off two sell trades – both of which I score 0 out of 10.

No Comment...

I started at 9.46am and finished at 10.12am for -3 pips off two sell trades and one buy trade. Score for the day; 0.

Didn’t GOWID!

That was my downfall today. I started at 10.18am and finished at 10.39am for -6 pips of one sell trade which lasted well over a minute! Score for this; trade 0 out of 10. I think that’s enough said and enough trading for the week.

Weeks round up;

Mon +1 pip

Tues +1 pip

Wed -7 pips

Thurs -6 pips

Total for the week; -11 pips.

Took my eye off the ball....

....and suffered as a result. I started at 7.49am and finished at 8.21am for -7 pips off three buys trades.

The first trade was very risky, with hindsight I should have stayed out of this. There was something going on this morning as the spread was 4 pips (between 7.49am and 8.03am) when I started and there were no announcements any time soon. A move began, which I got in on, but stalled and reversed very quickly – I did GOWID and the duration of the trade was 14 seconds, but I had locked in -5 pips by then. Again with hindsight, I should have GOWID when this trade stalled which would have locked in a loss of -2 or -3 pips. Another lesson reminder – GOWID at the first sense of doubt and do not wait until it reverses. This further emphasises the need to wait for a good correlated move with strong sustained momentum before getting in on a trade. Score for this trade; 4 out of 10.

The second trade wasn’t quite there. It produced +1 pip but took 21 seconds to do so. Though correlation was evident I don’t think the momentum was strong enough, else it wouldn’t have taken this long and certainly would have produced more than +1 pip. So I’m scoring this trade 4 out of 10 as well.

The last trade was a complete balls up. Something bizarre happened, the spread increased from 2 pips to 5 pips, but this was after I had made a decision to stay in this losing trade. In other words, I should have GOWID for -3 pips even before the spread increased. What I did in actual fact was watch the candle move up and down, all the time at a loss, maintaining its 5 pip spread and I eventually, over 4 minutes later, came to my senses to GOWID for -3 pips, though it could have been as high as -8 pips. So score for this trade; 0 out of 10.

Overall average score for the day; 3 out of 10. What do I take away from today to remain in a positive frame of mind. I actually feel quite positive, in spite of today’s results. I’m not proud of the third trade at all, but will put it down to the increase in the spread throwing me. So a small hiccup today but this will not hinder me in my progress. I have one more day of trading this week as Friday and Monday are bank holidays and I will trade well tomorrow, even if it means sitting through the whole session without entering a trade.

Staying in control

I traded in the afternoon session today, starting at 1.41pm and finishing at 3.04pm for +1 pip of two sell trades.

The first trade lasted 11 seconds to produce +1 pip and the second trade lasted slightly longer than I’m normally happy with, 25 seconds, to breakeven. So though I sat through 1 hour and 23 minutes today, I finished on a positive and stuck to my plan by being focused. I did tell myself on a few occasions to stay out as both the 1pm and 2pm candles on the Cable produced decent sized red and green candles respectively but they did not grow in their respective directions with sustained momentum – it did make me feel like I missed out on pips.

However, the important lesson that I am reaffirming to myself at the moment is that, if I’m not comfortable with a move, stay out, or WIDSO, my newly coined term – when in doubt stay out.

Scores, trade one; 9 out of 10, trade two; 8 out of 10, therefore the average score for the day as a whole; 9 out of 10 – I’m happy with that.

A controlled positive start to the week

My confidence grew the more time that elapsed in todays session. I started at 8.07am and finished at 9.08am for +1 pip off two sell trades.

The first trade was a result of OANDA hanging on both the entry and exit, but the way I see it, these issues will arise and as much as I hear that OANDA is very accommodating in rectifying errors such as this, I am accepting the result of this trade as an occurrence that can happen and therefore is part of my actual profit and loss. Having said this, I am still happy with this trade in that I GOWID appropriately, the trade lasted 13 seconds and my loss was limited -1 pip. I score this trade as a 7 out of 10.

I was completely happy with the second trade. I stayed composed during some crazy movements and only got in at a point when I felt I could grab some pips – and I did, I got two pips in the 12 seconds that I was in this trade. Score; 9 out of 10.

I am also proud of the fact that after the second trade I continued to watch the market for a further 37 minutes without trading before decided to call it a day.

Average score for the day as a whole; 8 out of 10 – It’s amazing how trading like this sets you up for the day on a high.....

Staying Composed

I think that sums up today. I started at 7.13am and finished at 8.16am for 0 pips off three buy trades.

The first trade produced +1 pip in 23 seconds – I would score this trade as a 6 out of 10.

The second trade lasted 8 seconds for -3 pips. I would actually score this higher at 7 out of 10 because I didn’t hesitate to GOWID and at the point of entry and I felt confident it had all the criteria.

The thirst trade lasted 12 seconds for +2 pips and this gets a score of 9 out of 10.

The average score for the day; 7 out of 10.

I am much happier with my performance this week, it was tough, but I homed in on the skill sets required for most of the week. I’m confident that I will find better entry points and eventually turn the weeks into positive weeks by trading well, so I’m going to leave it here today finishing with my usual weekly roundup;

Mon -3 pips

Tues 0 pips – no trade

Wed -8 pips

Thurs 0 pips

Fri 0 pips

Total for the week; -11 pips.

Moving in the right direction

Staying positive, positive, positive – I going to get this!!!!

I started at 10.13am and finished 10.41am for 0 pips off three sell trades. The durations of all the trades were 17, 23 and 15 seconds respectively. And they achieved +2, -1 and -1 pips respectively. So a good indication that I am waiting for better entry points where trades go positive straight away.

I have to say this to myself though – I will remain calm when trading, I will remain calm when trading and I will find better entry points in time. Something I read (and I’m still reading) in The Trading Zone recommended by a forum was that once I am able to completely accept the risk associated with trading – I will then be a better trader. To me this means, eliminating feeling bad after a losing trade or eliminating that sense of anxiety when considerable time has passed and I haven’t found an opportunity to trade. So, as I have been practicing this week, I will keep it up so that I can cultivate trust and confidence in myself.

Scores for the trades; 9, 6 and 6 out of 10. Average score for the day; 7.

Improve entry points....

....this is the lesson learnt today. I started at 10.18am and finished at 10.41am for -8 pips off one sell and two buy trades.



Ok, I’m staying positive and learning from the mistakes – that is the name of the game. Some excitement got the better of me today – the Cable was growing a large red candle and correlation between the currencies was evident, but with hindsight, without the necessary momentum or continuous downward move. There’s time for when I will be able to get pips off moves like todays, but for now I will concentrate on the less risky trades, which equates to correlation between the currencies, strong momentum and sustained or continuous moves. What I have been doing recently, is getting excited that correlation is present and to a certain degree momentum, but what has been lacking is the sustained, continuous move, hence the title of this post.

GOWID was okay today – the second trade could have been exited sooner but I did well with the others to limit my losses. The third trade in particular, was quite interesting in that the duration was 36 seconds, longer than what I’m happy with, but I GOWID as soon as I saw it edge in the wrong direction and that was 36 seconds after entering. So even if the entry point was wrong, GOWID can still protect me – another good lesson to remember.

Score for today; 4 out of 10, and this is because I did GOWID today.

In the name of staying positive and accepting days of losses as part and parcel of trading, I’m finishing this post with what I have learned from today – in addition to correlation and momentum, I will only enter a trade in the future if I also see a sustained continuous move – and whatever happens, GOWID goes without saying.

Capital Preserved

I started at 11.26am and finished at 1.16pm for 0 pips – this time frame didn’t produce a move that I felt had all the criteria to warrant getting in on a trade. The Cable did grow a 20 pip candle at 11.54am but there was no support from the other currencies and the Cable’s upward move was very jerky to trade even on momentum only.

So, staying on that positive tip, my capital is preserved and I have finished feeling good in not risking trading today.

Score for the day 5 out of 10.

Turning a corner

I started at 7.51am and finished at 8.13am for -3 pips off two sell trades and one buy trade.

The first trade was a result of thinking I was missing out on a move after watching the Cable grow into a large candle and produced -7 pips. This candle grew without correlation, the Swissy for example was moving down, the Euro was moving up and the Cable was moving down in leaps and bounds, so no correlation, there was momentum (especially in the Cable), but no correlation and ultimately, when I don’t feel confident in a move I will not get in on something like this again. I will preserve my capital until a good move does present itself. The positives off this trade are that I did GOWID and the trade lasted 12 seconds. Score for this trade: 3 out of 10.

The second trade was a result of revenge trading and was risky though it produced +4 pips. So, staying positive in times like this, I will stay away from revenge trading and I will only trade for a profit when good moves present themselves. Score for this trade: 2 out of 10.

The third trade was also a risky trade, a result of hopeful trading and produced 0 pips. So again, staying positive in times like this, I will only trade for a profit when good moves present themselves – moves with good correlation, strong sustained momentum and confidence in that upon entering the trade it will go positive straight away. Score for this trade: 3 out of 10.

Overal score for the day: 3 out of 10.

A thread I started on a forum last week got a reply from someone who pointed out that I should adhere to The Law of Attraction – I have read about this in the past as well and truly agree with this philosophy, so in writing up my results today, I have tried to do just this – I will be practicing this approach from now on.

Classic example of poor control

Look at the size of that green candle on the Cable........the result of my downfall again today. I started as planned at for 8.00am (7.57am) and finished at 8.28am for -12 pips off two buy trades and one sell trade.

All was going well to begin with – I wasn’t being tempted by the Cable that was moving jerkily in chunks of 2/3 pips downward in the remaining 3 minutes of the 7am candle. There was no correlation, the Cable jerkily moved up and down to finish the 7am candle 15 pips below my starting datum line, as can be seen in the screen shot. It did cross my mind a couple of times, though unwarranted, as to if I could have got a couple of pips out of the 15 pip downward move – I think this was the beginning of taking the wrong thought process which led to my downfall.

Into the 8.00am candle the same type of uncorrelated move, this time upwards, continued with the Cable, all the way up from around 1.6372 to around 1.6400. After this point, the Cable was moving up with a type of correlation, whereby, the Swissy was either holding or moving down by 1 or 2 pips, but most of the time just holding its position, so clearly no momentum. The Euro would move up, but only by 1 or 2 pips and also, with no momentum. But the Cable, would be jumping upwards with big 3-4 pip jumps. So coupled with the fact that I must have been thinking, I got to get some pips out of this candle which is now 40 pips high, and being inexperienced trading moves such as these (being quite jerky and not that smooth), I get in and fail on both buy trades locking in -9 pips between them. Interestingly, these trades lasted around 25 seconds each – the reasonable time frame that is normally required for a profitable trade, though these produced the opposite result. I score both of these trades 0 out of 10.

The third trade isn’t worth talking about, apart from the fact that it would immediately score 0 out of 10, for gambling is simply not permitted – I got in on a sell trade for the sake of it – with no valid criteria present.

So the average score as a whole for the day is 0!

Now for a further kick in the face, the weeks round up;

Mon -2 pips

Tues -1 pips

Wed 0 pips – no trade (NT)

Thurs -11 pips

Fri -12 pips

Total for the week; -26 pips.

Now that I am done with the kicking myself – moving forward – what can I say, however hard it is and however embarrassing this is, I have to take the criticism I am bound to receive from the forums today and accept this as part of the learning curve and move on.

Something to learn from

I started as planned for 8.00am (7.57am when I sat down) and finished at 9.02am for -11 pips off two sell trades and one buy trade.

An experienced trader on a forum recently told me about gremlins making you exit trades emotionally and these gremlins ought to be controlled before it is too late – well today was an example of where I lost control of those gremlins.

That large green candle on the Cable meant nothing today either. It was a really strange market. I’m unsure if the BOJ Press Conference and the ECONFIG Meetings had anything to do with today's tough market, as these didn’t have any scheduled times against them, but something was certainly amiss. To put it simply, my entry points were all bad. With hindsight I should not have entered any trades during today’s session even if it meant that I sat through a whole 1¾ hours and still found nothing suitable – a rule which I did well with yesterday.

I’m going straight into scoring the trades and will leave it at that for today, else, I’m just going to end up giving myself a really hard time which I know just doesn’t help. Instead, I simply need to learn from them and not repeat the same mistake.

Trade 1, score 4 (because I did GOWID and the trade lasted 13 seconds).

Trade 2, score 0.

Trade 3, score 0.

Overall score for the day, 1 out of 10.

And a disciplined finish to the day....

I started my second session today at 11.08am and finished at 12.08am for 0 pips again. So all in all I successfully sat through 1½ hours worth of sessions today without being tempted to trade without the appropriate criteria and me feeling confident getting into a trade.

Whilst sitting through this session, and I think this is one of the reasons that has caused problems for me in the past, I could see that the Cable had moved down through 15 pips (that large wick at the bottom of the 11am candle on the Cable) from my starting datum line and conversely up through 10/11 pips, all during my session of watching – this, at the time made me think that I was missing out on pips – but the crux of the matter is that I didn’t feel confident about any of the moves today and there certainly wasn’t any good correlation and strong momentum – so I almost had to remind myself of these facts out loud in order for it to sink in.

There was however, plenty of jerky uncorrelated moves by the Cable and at one point, the large red 12am candle on the Swissy bolted down with smooth strong momentum whilst the Cable and the Euro did nothing but hold their positions – these and a variety of other moves took place today, but the criteria I need didn’t happen and most importantly, I stayed the hell out of the market.

Now how do I score myself for today as a whole when no trades have been executed – well I’m gonna score myself a 5 out of 10 whenever I stay out of the market from now on -  I think that’s reasonable.

So the score for today as a whole is 5!

Staying Disciplined

I started at 10.13am and finished at 10.45am for 0 pips due to no trading opportunities presenting itself during this slot. There was also an announcement of medium importance that affects the Euro due at 11am so I had to stop at 10.45am.

It was relatively easy today to stay out of the market, though there was a green candle developing on the Cable, it moved up through 11 pips since 10.13am – but the criteria for entering a trade was not there – so out I stayed and feel good about this session.

I will be sitting down again at 11.15am for another session after which I will hopefully still be feeling good about today’s trading or, lack of trading, as a whole.

Choppy

I started at 7.25am and finished at 8.18am for -1 pip overall, off two sell trades and one buy trade. The first two trades were examples of poor entry points and lack of patience on my part in waiting for a reasonable period from first sitting down to the point of entering a trade – e.g. I got into my first trade today at 7.26am – not enough time to understand what was going on in the market this morning – though it is possible to grab a good trade so soon as I did a of couple Fridays ago, today was definitely not one of those occasions.

The first trade, which I would score as 4 out of 10, had a duration of 42 seconds. This was somewhat too long in my opinion. And though there was some correlation, strong momentum was missing. So really speaking, I should not have entered this trade. Thankfully GOWID was used well enough to limit my loss to -1 pip.

The second trade – score, 0 out of 10, was very poor, this trade actually went positive by +1 pip – it also went negative to -3 or -4 pips before going positive – and yet I didn’t GOWID and only did so when it went back to -3 pips. I was clearly trying to recoup the -1 pip loss from the first trade and also, less than two minutes had elapsed between getting out of the first trade and getting into this trade – basically, revenge trading. The duration of this trade was over 2 minutes – way too long. But, this trade must have shocked some sense into me as the third trade was much better.

Between the second and third trade however, over 45 minutes elapsed. I was not going to make the same mistakes again today. So I watched patiently and painfully, as the Cable moved up haphazardly through 40 pips creating a great big green candle as can be seen in the screen shot. I say I watched painfully, because during that +40 pip move, I didn’t feel confident about getting into a trade that had the criteria that I was looking for and as an announcement was due at 9.00am I was going to finish my session at 8.45am – I was beginning to think that I wasn’t going to find a trade before then.

But then, the third trade presented itself – score, 8 out of 10. So not perfect but much better than the earlier trades, certainly a vast improvement on the second trade of today. Correlation between all the currencies and strong momentum was present and I jumped in on a buy. The trade lasted 18 seconds and produced +3 pips – I GOWID because I felt the move was over and it certainly looked as though this was the case, at whilst I was taking the screen shot anyway – I closed the platform down shortly afterwards.

The average score for the session overall today is 4.

Getting there...

I started at 7.39am and finished at 7.53am today for -2 pips off two buy trades and one sell trade. The main achievement today was that I managed to GOWID. My entry points for the trades were not perfect to the extent that I was not completely happy with all of them (especially the second trade), but I am quite happy with today considering that I have finished negative overall.

The first trade in my opinion was the best trade of the three. The duration of the trade was 13 seconds and it didn’t go negative at any point. So all in all, the kind of trade I was after.

The second trade had a poor entry point and I should have GOWID for -3 pips but the old demon in me kept me in the trade only to let me GOWID for -4 pips. Considering that the spread was -3 pips – I think this was a reasonable effort on my part to minimise my losses using GOWID.

The third trade was quite risky in that I think I was in the trade for too long – the duration was 15 seconds and to be honest, I even got confused with the figures as I thought that I got out breaking even, but I had made 1 pip.

I know what it feels like after a good trade had been executed, so if I was scoring trades between 0-10, 0 obviously being I didn’t feel good about the trade at all and 10 being that the trade was perfect in my eyes, today’s trades would be scored as follows;

Trade 1 – 9

Trade 2 – 4

Trade 3 – 7

So average score for the day overall is 7. I think I will try scoring my trades like this for a while to see if it makes any difference to my trading.

A bit of Discipline to finish the week

I started late today at 10.30am and finished at 11.04am for 0 pips – in other words I refrained from trading today – there was hardly any movement.

This is exactly what I should have done on all the other days of trading this week – stayed out. As on reflection – there really wasn’t an opportunity to trade this week – I was simply trigger happy and then not able to accept that I was in bad trades. Today’s session was short due to an appointment that I have, but I think that was a good thing considering my performance this week.

Again, I am not going to dwell on this too much and will finish my post today in the usual fashion with the weeks round up;

Mon -8 pips.

Tues -13 pips.

Wed – did not trade.

Thurs -26 pips

Friday – no opportunity to trade.

Total -47 pips.

Perhaps I should not have bothered with the weeks round up today.....if I was trading with the appropriate pip value, this would have been a £1,645 loss in one week – it’s a good thing that I am still trading for pennies until I am a consistent rule follower.....

And yet another bad day!

I started at 10.10am and finished at 10.38am for an embarrassing -26 pips off two buy trades and one sell trade. There’s nothing to say really apart from that I broke every rule in the book. There’s no point in me saying anymore today as I will just end up making a bad situation even worse for me.

Another bad day!

I’m so wound up right now, I can’t even find the words.........I started at 8.52am and finished at 9.15am due to an announcement that was due at 9.30am. No trades were entered into during this first session. I then sat down again at 9.42am, after the announcement, and finished at 10.29am for -13 pips off three sell trades. And again, apart from the first trade which was perfect, the remaining two were a complete waste of time and once again, only because I couldn’t GOWID!!!

Session 2

It’s becoming very obvious to me that the only reason I get a few perfect trades here and there is because they obviously do not go negative from outset – it’s clear that if the trades do go negative from outset, I don’t GOWID quickly as I should, I just sit there like an idiot waiting for them to go positive, but instead I rack up far bigger negatives than I should. For example, if I had simply GOWID at the first sign of doubt on trades two and three today, I would have finished today for around -4 pips in total. That’s a big difference from the -13 pips and the nasty taste in my mouth that I ended up with today.

Session 1

From a high to a low...

I lost it today. With all the self motivation, the advice from the people I met on the forum, I simply couldn’t GOWID when I should have today! I started late at 11.10am and finished at 12.24am for -8 pips off three buy trades.

Everything was going really well to begin with, I sat patiently watching because I kept reminding myself about moves such as those from last Friday and as there wasn’t anything that looked comfortable, I didn’t get in on any trades for over 50 minutes. But then I must have been impatient, so when I saw the Cable move up with some momentum, and though there wasn’t really any strong correlated support from the other two currencies – I jumped in on a buy trade. And of course, the move stalled, I hadn’t gone into profit yet and it began to fall – for the same old reason, I didn’t GOWID and only got out when I was -10 pips down. The remaining two trades went along the same lines off the back of revenge trading etc, etc, etc, etc.

Back to the drawing board.....

I couldn’t have asked for a better trade!

I am ecstatic today.......I started at 8.29am and finished at 8.30am for +7 pips today off one sell trade which lasted 11 seconds. What a feeling to finish the week on such a high!

When I was setting up the charts, putting in my usual datum lines, I could see in the background that there was some strong movement going on with the currencies and correlation was evident as well. The beauty of today’s trade is that it checked all the boxes. The Swissy had already started moving upwards with momentum, if I remember correctly, the Euro had also started its downward move with momentum as well and the Cable was starting its move down – so I jumped in, and it went positive straight away, well, over a period of 11 seconds, and as soon as the Cable halted, I jumped out to lock in my pips, though it can be seen that the Cable resumed its downward move while I was taking the screen shot.

I have to remember these moves as these are the kind of moves that are worth waiting for days without trading. Meaning, there’s no need for me to try so often for risky pips in situations such as yesterday, earlier in the week or, on numerous occasions in the past. I know from today and from past experience that these moves do happen – I’ve got in on these before. I have just been so busy getting in and out of the wrong moves so often and so quickly into my trading sessions, that I have not given myself a chance to see great moves such as today’s develop. These types of trades are low risk and are perfect examples of trades that I should be getting in on – they don’t even need to produce as much as 7 pips – quick 2 and 3 pip trades here and there, 5 or 6 times a week would be more than enough to fit in with my targets.

Speaking of targets, I hit my 10 pips for the week but with only 3 out of the 10 trades this week were rules following trades. Having said this, I’m so fucking over the moon with today’s trade, it’s unbelievable – I now just need to calm down and start on Monday again as though it’s a new day, a clean slate and with an abundance of patience!

My round up for the week;

Mon -5 pips

Tues +6 pips

Wed +3 pips

Thurs -1 pip

Fri +7 pips

Total for the week, 10 pips.

Coming away with something positive?

That is tough to do today. I started at 9.54am and finished at 10.46am for -1 pip off three buy trades. It’s very true when they say not to trade if your mind is not in a good place. And this resulted in me just not being able to GOWID appropriately in any of the trades.

I got into the first trade in the usual fashion, way too soon after I had sat to down for my trading session – just 4 minutes in. There was no way I could have got an idea of what was happening in the market in 4 minutes of observing, let alone allow  trade to develop. And I paid the price, I was -12 pips down at one point and stayed in this trade for 15 minutes before I was lucky again to come away with +1 pip.

The second trade which lasted nearly a minute and a half reversed in a split second and I did actually get out this time and locked in -8 pips. But just to be clear, I did not GOWID when I should have which would have kept my loss on this to -2/-3 pips.

The third trade, was identical to the first in that it lasted 15 minutes, went way down to -10 pips at one point and eventually came back to go positive by +6 pips which is when I got out, and as can be seen by the chart, it continued upwards by a further 4/5 pips. The point is, this trade along with the other two, was useless and I should be extremely thankful that I finished for -1 pip overall today.

So in answer to the question in my title, NO.