Lost it today

[Dooped]

This is my first week Intraday trading EurUsd and UsdJpy. (Pips) Mon +20, Tues +60, Wed +60, today -60. Think I let the start of the week go to my head a little. Only gave back yesterdays profits but traded twice as much 60 trades rather than 30 on previous days and at one point was -150 pips

EurUsd just seemed a different animal today, catching a break of 1.2380 saved me. My lack of discipline completely took me by surprise, I thought I had that under wraps. Think i'll start a journal on here or a blog to try and keep accountability.

Never had problems with my broker before swing trading, but since yesterday trading intraday I've been getting re-quotes, slow confirmations and trades rejected! I think this is part of trading intraday though, with fast moving prices I take the only alternative to re-quotes would be slippage?

Anyway just wanted to share, thanks for listening

 

[Black Swan]

60 trades on 2 pairs inside 8 hours? That's an impressive bender....

 

[Dooped]

60 trades on 2 pairs inside 8 hours? That's an impressive bender....

I think because of the increased volatility I dropped down to the 1min chart to stick with my 10pt stop and got hooked on all the micro trendlines and SaR. Good learning curve just disappointed with my discipline.

Just googling for possible blog sites. Not sure whether to use here or not as I presume you'd have to be signed up to view it, and I may want other traders outside of T2W to view it. Any suggestions?

Thx D.

Edit: Oh more like 12 hours the dog wakes me up at 6am every day, a blessing and a curse

 

[Dooped]

Sorry 60 trades is not right, I know I had a busy day but not that busy. My daily report registers each partial exit on it's own. So stopped out is 1 trade but a profit trade could be between 1 and 3 trades depending on TP exits. Not very helpful reports actually, I like to check av. win v loss (£) and it does the same thing :|

 

[oiltanker]

with central bank intervention any retrace buying strat will usually miss those. mine did. you just sit it out. the fingerprint of intervention is a fast move made faster by stops popping. the way to ride them is to be in already. i never chase them. its no shame to miss them as they don't usually signal themselves on the chart.

1m can be a trigger chart but imo suicide as a trade plan chart as the algos move faster than the human brain can react. i once read that anything under 15m and you are basically trading against the algos.

i moved to bonds and fixed income during the credit crunch when even on the 1m stops became like 50pts from10pt on fx and indices . you know euro used to have a 60pt daily range. it was known to be boring. a steady eddie. what is it now?

 

[oildaytrader]

I done 300 trades today for 300 pips profit, I don no what I did.

 

[doobs]

This is my first week Intraday trading EurUsd and UsdJpy. (Pips) Mon +20, Tues +60, Wed +60, today -60. Think I let the start of the week go to my head a little. Only gave back yesterdays profits but traded twice as much 60 trades rather than 30 on previous days and at one point was -150 pips

EurUsd just seemed a different animal today, catching a break of 1.2380 saved me. My lack of discipline completely took me by surprise, I thought I had that under wraps. Think i'll start a journal on here or a blog to try and keep accountability.

Never had problems with my broker before swing trading, but since yesterday trading intraday I've been getting re-quotes, slow confirmations and trades rejected! I think this is part of trading intraday though, with fast moving prices I take the only alternative to re-quotes would be slippage?

Anyway just wanted to share, thanks for listening

hey dooped
The discipline thingy rears its ugly head every now and again mate, you,ve just got to learn from it. I let a winner turn into a looser today and got really took out a bigger position and scalped the loss back to a profit. This ain't clever - blew an account doing that once! - can't believe I did it.

Anyway, enough rambling - good luck

 

[Shanghai]

I done 300 trades today for 300 pips profit, I don no what I did.

Interesting disclaimer at the bottom of your statement:

Valuations, including profit and loss calculations, are provided for information purposes only and are intended solely for your use. Although valuations represent Deutsche Bank's estimate of the current economic value of your demo transactions at the time of valuation based upon mid-market levels, the valuations may also include adjustments to take account of, among other things, transaction size and market liquidity. These valuations are indicative and neither represent the actual terms at which new transactions could be entered into nor the actual terms at which transactions could be liquidated or unwound. Reports may not reflect the last demo transactions or the most current valuations. All such information is unaudited and subject to subsequent postings and adjustments.

Are you going to start to trade live at some point?

 

[pssonice]

"I done 300 trades today for 300 pips profit, I don no what I did."

this guy never made a single trade in his life
"oildaytrader Legendary Member oildaytrader's
I done 300 trades today for 300 pips profit, I don no what I did."

 

[oildaytrader]

Interesting disclaimer at the bottom of your statement:


Are you going to start to trade live at some point?

This statement is testing a system on demo(all new methods have to be tested on demo first) , the other systems traded are live on different account .

Today the score is 100 pips so far.Just wait for a further commentary coming your way on t2w.

189 trades banging them out , rather than banging with forum tarts

 

[Hilarymannah]

Dooped,....Give me your entries for today,.and I'll give you some constructive feedback!
(The -60 pips)