This was my last trade. I know exactly what I was thinking last trade. It had some logic to it, but it was too simple. What I will hopefully remember next time this type of move comes across, is that when the market makes it way very "easily", as it ...

Zappa's Journal

Lost again last trade. Doin' real fuckin'good here!! Losing streaks are frustrating, and piss me the fuck off, but I do try to remember that you learn the most when you are losing. Anyways, in the attachment below you'll spot two likely ...

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Well, so much for being in several trades at once. I've been sitting here looking at these trades and contemplating....and I decided to get out of all trades at market other than EURJPY at a small profit. They just don't look so good after further ...

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(Sigh)..Posting after a string of losses is not fun. I lose money and I feel like a fool times ten for telling everyone about it. But writing in this journal is helping me write down more of my thoughts which will make me a better trader. And none ...

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Probably my worst AND best personality trait when it comes to trading is extreme impatience. It drives me to work as hard I as possibly can at trading, but causes me to always "go for the big target" to make it all as fast as possible. But going for ...

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EURJPY target is officially 107.00. Stop on this one is kind of weird. I'm watching CADJPY and EURCAD charts to see that they confirm my bias. Both should head up from right about here. If one of the pair doesn't do what I expect, then I will ...

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Hi, Winston. Comments are cool. It is a complicated answer, because there are several things I take into account, but I essentially look for a place where the market should not go---a place where the market faked out a lot of people. Then I look at ...

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Lost 45 pips on the CADJPY trade before trying again at 79.76. I think what I learned this week is that the pairs with lower volume, like CAD, NZD, and CHF, need more fakes to quinch their liquidity before a market can go anywhere. This is a fact, ...

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Why do I feel like my stop is where the reversal point will end up being? If it is, that makes this whole thing here quite a build-up. You've got the first circle that took stops at the line where traders saw a new high and presumably placed their ...

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The "slight possibility of a spike to below 79.95" just happened. This just adds another log to the fire. A turn here and we're going to 82.20 easy.

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This pair is increasingly looking like it'll reach higher levels than it did at the beginning of the week. 81.80 looks extremely likely. I viewed 81.26 as a potential turning point throughout the week, but with two attempts at it already I don't ...

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I'm going to stay out of the EURCAD trade, and raise the target on CADJPY to 81.50. The churning has built up enough steam for a pop to at least 81.50, i believe.

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Looking to enter at the middle red line about the same time my CADJPY trade hits the target, if all goes to plan.

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Finally, in the trade I'm still in things are looking good. The left circle would be a good place to short, if not for the circle on the right. The price reacted the way it is supposed to act off a fake, if it is going higher.

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GBPAUD was a low risk trade that didn't have a whole lot going for it other than a "good" "possible" low it had made. This trade was put on to add to the EURAUD trade. Dumb, dumb, dumb... This trade should have never been put on in the first place. ...

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I wasn't expecting the circle on the left of chart to be an important point, sometimes it is not. The major clue that I did feel, but discounted too much, was the length and depth of the right circle. This was the give-away. It should've started ...

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Well, EURAUD and GBPAUD trades were stopped out for 30 pips and 50 pips. GBPAUD was 1/4 size positon. The CADJPY long is still open and with a pullback, decided to add another 1/2 size, now it's a full load. Avg. price is 80.05 now and stop is still ...

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Must break the line to hit my stop.

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I had a little period where I was spotting so many good looking trades that it caused me to make two mistakes. First mistake was exiting a profitable trade before my target/stop was hit. I did not let the trade play itself out. Most of these went on ...

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Buying here with 1/8 size. Stop/target in red.

Zappa's Journal