trade 78

GBPAUD entry @ 1.6423, SL @ 1.6460, BE @ 1.6386, TP @ 1.6349.
This was a loser of 74 pips. Looks like i always start the week with a loser :)

trade 67 the show stopper

GBPAUD 60 min entry @ 1.6585, TP @ 1.6495 SL @ 1.6630. This is a BE trade.

Well its only tuesday and i am down by 165 pips....... not really a good start for the month. Feeling agitated and demoralized at the moment. Can't really think straight. This was so called a revenge trade lucky it was BE. I know i should not have done it but my emotions got the better of me, so here i am trying to let out my emotions, probably the best thing i did in my forex career was to start this blog so when i am down or angry i can just come here and write some nonsense to cool myself down instead of just staring at the charts trying to get something out of nothing. Probably there were some good trades i may be missing now but i don't care as i am not in a good state of mind to trade, but i just love trading the market and yes it is stressful and it irritates me when i have a string of losses, i guess its human nature.

They say forex is a probability game, well yes it is but how do we get the edge, trading high probability trades. Well what is high probability? Well i thought my trades were high probability trades, but these strings of losses may prove otherwise. Should i change my plan? Should i jump to another system? I know these are questions of an amature trader but sometimes i do doubt and fear although i know these are the root cause to all failures. Having said so much i think i feel much better now. If you let out your fear and anger you will feel better. That what i did.

I look forward to my next trade, its a new trade and every trade is a new beginning. Good luck to all. Best wishes and thank you.

trade 65

GBPAUD 60 min entry @ 1.6555, TP @ 1.6425, SL @ 1.6620
Another loser of 65 pips

trade 62

GBPAUD entry @1.6556, TP @1.6426, SL @1.6621
BE when price reached 1.6531. Exited @ BE

trade 59

GBPAUD entry @ 1.6510, TP @ 1.6410, SL @ 1.6560. Well this was taken after i wrote the recap. This was a loser of 50 pips. i was confused about taking this trade, although it filled my requirements i was reluctant to take as it was about 3 hrs to closing. Well i still took it and So i am down 58 pips this week. Lesson learned, do not take a trade when confused (i encouraged FFXD not to trade when confused but i did it myself, guess the emotions were stronger than the will power, need to work on that.) or in the closing hours of the friday. :)

trade 57

GBPAUD 15 min @ 2040hrs entry 1.6440, TP @ 1.6360, SL @ 1.6480.
This closed as a lose. Loss of 40 pips

28th trade

This was taken on 15th April @ 1855 hrs on GBPAUD 60 min
Entry @ 1.6533, SL @ 1.6500 and TP @ 1.6599.
A winner of 66 pips.

23rd trade

This was taken on 9th April. Perfect entry. Risk was only 32 pips. Reward was 85 pips (266%).
Good trade. SL was moved twice to protect the profits.

22nd trade

This was taken on 8th april. The entry was between 61.8% and 76.4 % fibo (PERFECT ENTRY). Hence when this trade went wrong the loss was minimum 47 pips.