Karma?

My ass!

.

Standstill

Never look back... but never forget!

Shatter...

Hope?

Life is a bitch... get used to it!

Flashback

Greetings!


What an awful image I found reviewing my forex experiment.


I used to take a screen capture once in a while when started in forex trading to keep some kind of journal... from ashes to ashes, and what an horrible image I found... this was one of the worst of a few that I´ve taken.

If you have some time, review the summary at the bottom... ouch!!!
Always remember, plan the trade and trade the plan. Never trade without a plan!!!
As you can see in this picture, just plain close price charts in one only timeframe, a lot of crosses and just hope. Bad way of trading and a disaster anticipated. A 400k sell position and BaM! price ran away like a rabbit to the other side, and without a stop...
The worst way to understand and learn what a margin call is.

Again... Don´t trade without a plan!

Beyond fear and greed

All investors are humans and despite any training they are susceptible of emotions... Right now I´m trying to educate myself on how to control and manage my own emotions... but as I see, I´m not too concern about fear or greed... I would call it anxiety

I´m not telling that I haven´t suffer the agony of fear or the shame of greed that result on a reverted position... right now, I´m aware about those emotions. Back to the beginning, I was playing russian roulette, but now I´m more consent of this and trying to manage them.

Why anxiety now? Despite if a position result a winner or losser, my only concern is what the hell happened... if my analisys was accurate or not, I´m not happy -or sad- for a winner or loser trade, my principal objetive is make a better analisys the next time.

... feelings, I wish I never meet you... you make me sick again...

No chart for now... I´ll try to post an update tomorrow.

GBPUSD

Hello!

It seems that tuesday indecision bar just was a fake reversal signal and price went up a little bit. The next resistance level could be 1.5200 as round number but I don't see anything that could stop this uptrend, giving us the possibility to reach my projection target around 1.5350


Now we have an overbought stochastics and still divergence on MACD. Price could retract but I'm positive about May 11th as reversal day. A trade trigger could be a crossover on stochastics.

Tomorrow I'll post an update about AUDUSD that seems is working like a clock. The USDCAD doesn't behave as expected, fortunately I didn't enter the trade but sooner or later price is going to go up, maybe tomorrow.