One good trade. One bad trade: this is what happens when you rush into a trade without proper planning. I understand why traders need to be numb when trading, win or lose. Being emotionally invested in your trades will kill your trading career.

Chinocop's Forex Fiasco

Ok, my target on the E/J 15 minute wedge break was off by 50 pips . I need to be a little bit more careful on my analysis. I entered a long on the touch of the bottom of the wedge on the 4 hour chart at 113.285. I got lucky that my stop held by 1 ...

Chinocop's Forex Fiasco

Looking for an entry on E/U.

Chinocop's Forex Fiasco

Ok, wedge broke on the 15 minute wasn't at home to take it. Hopefully, it will hit my target. There's a 38.2 Fib around that area so that makes a good place to look for longs to ride E/J back up.

Chinocop's Forex Fiasco

Here's the next trade I'm looking at. I'm going to wait for the break of the wedge to enter.

Chinocop's Forex Fiasco

Ok, I got stopped out. Overall did ok but could have done better. I should have cashed out but was too wedded to my position.

Chinocop's Forex Fiasco

E/U Channel

Chinocop's Forex Fiasco

Hoping that this trendline breaks. If it breaks, I will add more to the position.

Chinocop's Forex Fiasco

Closed 1/5 of the position last night and added 1/5 back at 113.979

Chinocop's Forex Fiasco

In, moved the stop to break even and exited 1/3 of the position

Chinocop's Forex Fiasco

It would have been nice to have jumped on the retrace of the big dump of GBP this morning, but I didn't want to jump in front of the consumer confidence numbers. It was too risky. And as we saw, those numbers should have continued the trend but they ...

Chinocop's Forex Fiasco

I'm hoping that I'm not creating too many superfluous posts but I'm liking the confluence on E/J

Chinocop's Forex Fiasco

Ok, I got stopped out again. These are short term trades that if they happen to turn into 100 pips, I will gladly take them. It's frustrating, but I'm following my rules by moving my stop to break even after 20 pips. I didn't take half this time ...

Chinocop's Forex Fiasco

Here are my thoughts on the possible intermediate direction for G/U

Chinocop's Forex Fiasco

Ok took another stab at a short on G/U. Price couldn't penetrate that shelf. Needs to break the 38.2 to hit my target between 1.57588 and 1.57332

Chinocop's Forex Fiasco

Ok, I got stopped out. Made enough money to buy 1 stick of gum.

Chinocop's Forex Fiasco

I didn't like the price I entered the trade. I have moved my stop to break even. If I get stopped out, at least I got a free trade. That's all I can ask for.

Chinocop's Forex Fiasco

Damn, I placed a market order when I wanted a limit order. I need to double check my order again. Oh well, I'm in the trade right now. In at 1.57977 and looking for 1.57588. The reason I took the trade was because price was throwing pins at the ...

Chinocop's Forex Fiasco

Had my buy order set too low to catch the bottom on G/U. So I'm waiting patiently.

Chinocop's Forex Fiasco

Got stopped out on G/U. Came within 22 pips of my tp. Waiting for the next opportunity. Looks like I might get another opportunity to go long.

Chinocop's Forex Fiasco