Journal

[CPTRADER]

Looking at the charts, i don't see anything that i like.

I am sure there will be many opportunities this new year.

Lets whatch the Market move and bring the opportunities.

[CPTRADER]

I am looking at AUD/CHF as a posible trade soon.

I will be waiting to see what the market is going to do.

[CPTRADER]

Since i started this Journal i have become more calm when making my trading desicions.

I only take trades acording to my plan and if they are losing trades, i don't feel angry or desapointed.

It has been working very well for my personal life as well.

I know i have only had losing trades but i know this is a business and MUST be treat as one, business not allway make money at the begining.

[CPTRADER]

Last night i placed a sell order on AUD/CHF at 0.94520, SL at 0.94700 ......posible profit target is 0.92700 or 0.91700.

A 40K order, so a losing trade will cost me something like $80 which is about 2% of the account.

A winer trade will add to the account about $750 , which is about 18% of the account.

Right now is trading at 0.94470, Lets now set back and wait for the market to do what is has to do.

[CPTRADER]

The SL on the AUD/JPY has been hit.....i am out with a $79 lost + $17 rollover fee.

The account is now down to $4,000.

[CPTRADER]

As today i don't see anything i like.

[CPTRADER]

The Market opened today and still don't see any posible trades.

I am watching at EUR/JPY and CHF/JPY those two pairs may give a chance to place an order, but just time will tell.

I will be waiting.

[CPTRADER]

I am happy about this Journal, next year i will have at lot more experience trading this method and also more experience trading the Forex Market.

I like learning, and this is a good place to do so.

[CPTRADER]

I have been looking at the charts and i don't see any setups.

Because some pairs are sometimes well correlated, when i see a setup in one pair, i may see some other pair doing allmost the same thing and so, other times all these pair will not geve any signals all together.

All the pairs that end on JPY are at the moment doing all most the same thing, one after the other one.

AUD/JPY is, at the moment, leading the crow.

I will be waiting for any setups.

[CPTRADER]

Still not see any trades.

I will be waiting.