ForexSpirit

I took the first three days of this week off from trading my method, after suffering a bit of disillusionment last week. I think I even knew that I’d be back for more but the little siesta was needed and allowed me to reflect on a few things.
I didn’t stop trading for those [...]

It’s been a bit of a weird week with regard to my trading.
The emotional ups and downs from last Friday till this Tuesday are probably the primary culprit. My focus never seemed to be in the zone.
With two trades under water going into Wednesday I took a step back and traded very defensively. [...]

The last few days have been a bit of a roller coaster ride, both in terms of the markets gyrations and my emotions.
EUR/USD has been swinging wildly back and forth between 1.300 and 1.2800. Russian debt problems, the US stimulus package, the build up to the US Treasury bank bailout announcement and the [...]

Ah, the trials and tribulations of being a trader.
So the good news is that my first trade from yesterday was closed out as expected during the Asian session at breakeven.
The less encouraging news is that my first trade from today has ended up enduring the same fate. In other words I got the trend [...]

The curse of the first trade of the day strikes again. Well not really curse, more like importance.
It’s the only trade I haven’t been able to close out today, although price action going into the end of the NY session and the prospect of another horrible NFP number tomorrow has me more confident than [...]