First of all thank you all for welcoming me back and wishing me good luck. The One Euro One Cent Man summarizes last week's results (3 days of trading). All trades are EURUSD: Starting balance: €0.96 End balance: €1.01 Trades (with closing dates) ...

The One Euro Man

17/08 — A lost trade again. I have to divide exit strategies based on the entry. When I take breakout trades, especially on slow days, I have to go back to taking 10-15 pips of profits. EURUSD long @ 1.2868 SL 1.2822 -46 pips Entered on the ...

hurvinek trading

Thanks, hope to keep going on in this direction.

hurvinek trading

16/08 — An early close of the day after a single but successful trade. I planned to wait for the CPI, and unlike before I actually managed not to enter earlier. You can say it was easy, because the price was moving ina very tight range, but we ...

hurvinek trading

hun83, thanks for the encouragement and the advice. I did actually go to Balaton with my wife for three days. Not because of the loss, it was anyway planned, but it helped me to clear my head a bit. I know I posted some stupid trades from Monday and ...

hurvinek trading

15/08 — Finally a day with profit. I am still not back on track though, because I had two stupid trades. I have to forget about setting new rules instead of fixing asingle mistake: the lack of discipline. I did everything else right, and I ...

hurvinek trading

It seems we are indeed in a very similar situation. I believe (I hope?) we are on the right track, only at the very beginning. Both of us need more discipline, and we have to forget about this invincibility thing. I would never have thought how ...

hurvinek trading

Hope to recover soon. Have to get back on track. Thanks for the encouragement.

hurvinek trading

14/08 — Back on track, I keep on running this journal. Hopefully it'll help me recover from my losses. I try to keep saying to myself I am doing a good job, I just made a mistake last week, and I'll learn from it. Monday was another mistake ...

hurvinek trading

I believe both daytrading and swing trading can be done successfully. At the moment I tend to be somewhere in between. For me, as last week's result clearly shows, the key is discipline. Hope to improve on that.

hurvinek trading

Results of week #4 — Weekly summary. Forgive me for not posting an evaluation this time. It's painful enough to post the sheer numbers. Results of week #4 Trades: 9 Winning trades: 4 Losing trades: 5 Breakeven trades: 0 Winning ratio: 44.44% ...

hurvinek trading

11/08 — Took a couple of days off to digest a major loss. I made all the typical mistakes you can imagine, and lost all the money I won in the last three weeks. It only took two days. <o></o> Those of you who have been following my thread ...

hurvinek trading

09/08 — As my trading slows down I am afraid I will be giving you less and less excitement day by day. I had no closed trades yesterday either. I expect the dollar to go down this week, and instead of jumping in and out, I decided to wait. The ...

hurvinek trading

Fomc — I am trying to get things straight in my head, so here is an attempt to evaluate the FOMC rate decision and the following market reaction. The market was expecting a pause. Gave it an 80 percent chance. But at the same time there was a ...

hurvinek trading

08/08 — The painful stuff will come later. Because yesterday was an odd day with the whipsaw after the FOMC announcement. My subconscious expected it, as I was very uncertain, and did not take the trade as usual. I will dedicate a separate ...

hurvinek trading

08/08 — Yet another day without closed trades. I added to my euro long position on the pullback, and now I am thinking what to do. Shall I quit before the FOMC rate announcement, or shall I wait for the result? My present view is that I count ...

hurvinek trading

My system is a bit of everything, and so is my timeframe. As I wrote in my first post, it is very simple and discretionary. I use basic fundamental analysis to decide on the short term trend (usually until the next major news release), I combine the ...

hurvinek trading

From the context I guess (s)he meant high(er) time frame.

Why not trade on fridays?

How about not trading at all? Decent breakeven, and you are in the top 5 percent of traders (supposing we give credit to the urban legend that says 95 percent of traders lose their money trading forex). Once I read a story about a poet who hasn't ...

Why not trade on fridays?