ForexSpirit

After yesterday’s punishment I was extra cautious today. I wanted to make sure I wasn’t revenge trading or in any way trying to immediately make back the losses I suffered.
Trade 1
Long EUR/USD
Entry: 1.2955
Exit: 1.2963
Pips: +8
Trade 2
Long EUR/USD
Entry: 1.2902
Exit: 1.2915
Pips: +13
Trade 3
Long EUR/JPY
Entry: 124.48
Exit: 124.585
Pips: +10.5
Total daily pips: +31.5
[...]

Today was an incredibly educational affair with plenty of lessons learned on how to better manage my scalping positions.
The educational aspect comes from the fact that I had three losing trades today; two of which hit the pre-determined maximum stop loss allowed of 250 pips while the third was manually closed out for just over [...]

While it is still going to be a few days until I have home internet service again I have decided that I’m going to doing a little bit of demo trading this week. If there are more problems with my ISP I’ll be on a sabbatical forever.
I’m going to stick to more selective trades [...]

On this blog I’ve more than once mentioned the name Nassim Nicholas Taleb, author of Fooled By Randomness and The Black Swan. He was interviewed this week, along with Benoit Mandelbrot, on PBS’s NewsHour. If anything, Taleb has a very sobering outlook on the future of things where he frets that the very [...]

Verizon have still not gotten around to sorting out their technical issue so I remain off the net at home for now.
Having a week off where I didn’t have to look at charts or in any way think about trading was refreshing. Once again I probably left it too long on taking a [...]