Setback Okay, so the purpose of this journal is to see the strengths and weaknesses of my trades. Imperfect man will, I need to stress that, will make mistakes both in decisions of market direction, timing and in determining levels of retracements. ...

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So only happiness? No, I'm a man that has emotions and tries to control them...but I'm no robot

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I agree, profits have been taken and traders are gone for the weekend. Trading limbo for the next one and a half hours probably with a negative bias. Now I'll take my first real loss in this venture and come back angry Sunday night! Or just ...

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Well I just woke up and turned on this computer machine. Wow! I thought it was gonna drop down to Support 1 and then climb for 60 pips but it blew past that Support 1 and went all the way down to the Support 3 level...and now it has climbed 64+ pips ...

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Set up happening — If I'm seeing this right there is gonna be a 60 pip bull reversal tonight starting at the Pivot point and ending at the Resistance 2 line (or more...probably more). First it has to tank down to the Support 1 line (maybe only ...

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Bulls are lacking conviction — Just woke up and saw my trade had finally triggered about 3 hours ago...weak. As soon as I saw it I closed the trade out because I do not have much confidence once the US market opens. Something flaky about it. ...

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1 hour chart — I'm watching it now and it looks like the momentum is getting bearish...but for how long? (If it happens, it looks like a pullback from the 6.5% to the 13% for about 200 pipettes, not much for the stress) I think I'll stay LONG ...

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4 hour chart — Notice the stochastics...the 5,3,3 could easily roll over and tank

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Tonight's trade — Gonna find out if this little rally has legs. I'm gonna go long this evening even though all the Stochastics scream overbought. I will be ready to canx my pending long order and reverse that and quickly put in a pending short ...

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You're not crazy. I traded twice last night which I do not like to do. Btw, the "Uggh" was not for you but my thoughts about how frustrated I was last night. FWIW, you need to be trading in a demo account successfully before you even think about ...

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Analyzing last night's trade — Ugggh. I never should've traded last night because there was no CLEAR indication of an impending movement coming. 4 hour chart: both Stochastics were overbought but the 5,3,3 was attempting to decline but both ...

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1. trades seem to always go the wrong direction for a period of time...candles bounce up and down. It's my job to make sure I call the overall direction of the trade correctly. If I am not sure of the direction (like last night) I should NOT trade ...

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1 hour chart — I'm just gonna show the 1 hour chart because we know the 4 hour is showing overBought on both Stochastics. Before I put the chart up I think I will change my exit to a more aggressive level...gonna put it at the Resistance 2 ...

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Tonight's trade — Tonight's action is literally driving me nuts. Last nights rally/breakout was built on nothing more than rumors and inside information. That's fine but how much fuel is behind anything tonight? Bulls could be exhausted and ...

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Definitely. I'll still go both long and short BUT the strength of the trades will be in the long trades meaning bigger moves and easier runs verses going short. The candles will run bigger and easier for a while. When the overall trend is bullish ...

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Now if you are wanting see what took place by using only your Fibonacci's then go to your 4 hour chart and zoom OUT. Set your high on the high of June 18 (looks like) and the low on the low of (looks like) July 24th. You will then see that the price ...

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My thoughts today... 1. I guess I posted this yesterday afternoon (I think sleep deprivation is kicking in). When I used the word "imminent" I didn't think it would be within hours...I thought within7 to 10 days. 2. Well to say I was wrong about the ...

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Made an adjustment to my entry...changed to 1.23625, exit stayed the same. Also, since the current candle is the most recent high for this week I adjusted my Fibonacci high.

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