Cory2679

Shouldawouldacoulda on the EUR/JPY (and USD/JPY). No excuse...basically I had marked the entry on the EJ, and more or less didn't take it because I was just overall discouraged with the week thus far and pretty much wasn't willing to take a trade. I'm very disappointed in myself this week. I hope I can turn it around and keep myself together emotionally...

UPDATE: Order canceled...came down 2.4 ticks short of my entry order and went the other way...

Potential EUR/USD short...

FINAL UPDATE: Taken out...

Potential EUR/USD long... UPDATE: Stop moved up...

Well, it's a little early but I think I'm gonna call it a week...I'm actually in the middle of mowing the lawn (and trying to monitor my charts at the same time!). I had a pretty good week! Still much room for improvement. Plus, I've gotten on a little bit of a winning streak (relative to the prior few weeks), so I need to make sure my head stays screwed on straight...in the past when that's happened, I'll often begin to feel as if I can't lose and start taking less-than-ideal setups...it doesn't end well. I also have to make sure I don't get paralyzed from fear about giving back what I've made...I've been ok so far, though...I was able to take that last USD/JPY short trade without any problem. Have a good weekend!...I know I will! I'll be seeing the Blue Angels on Saturday and riding in a hot air balloon on Sunday! Cory

FINAL UPDATE: Taken out for break-even. Price came within 1.6 ticks of my profit target and subsequently worked its way back to take me out at break-even! What really makes me mad about this trade is that I could have been actively managing it...when price got within 1.6 ticks of my PT, I would have squeezed my stop tight and gotten at least 1R out of this trade. But I wasn't around to actively manage it...because I was out to eat!...not working, not at anything that was mandatory...I chose to go out to eat...nothing special, just a routine dinner, more or less... Oh well...on the bright side it was a good call and a solid entry... I'm just going to learn from it and move on...

UPDATE 2: Stop moved to break-even. I'm heading out now so I'll be leaving it like this...it'll be all or nothing...

Not to take away from the celebration, but I'd be curious to know how many of those members are active members...let's say members who have signed on within the past year...or maybe even the past 3 months... EDIT: or who contribute/post...

UPDATE: Stop moved down...not quite the price action I was hoping for...I was hoping for a repeat of the sharp downmove that preceded my entry...oh well...

Potential UJ short...

FINAL UPDATE: Price eventually made it to PT2, but I got taken out a little before that...I actually was able to access my fxcm account earlier today and I squeezed my stop tight as price closed in on PT2...

UPDATE 5: Stop moved up... UPDATE 6: Up again... UPDATE 7: I've got to leave now and I won't be back for 6-7 hours...I'm just going to leave it how it is...I have my fingers crossed!

UPDATE 3: Stop on the first half moved up, stop on the second half still at break-even... UPDATE 4: First half filled at profit, second half remaining with a break-even stop...

UPDATE: Stop moved up... UPDATE 2: Stop now at break-even...

Good/interesting point...I suggest people do a search for "chaos theory"... First paragraph from Wikipedia (emphasis added by me): Chaos theory is a field of study in applied mathematics, with applications in several disciplines including physics, economics, biology, and philosophy. Chaos theory studies the behavior of dynamical systems that are highly sensitive to initial conditions; an effect which is popularly referred to as the butterfly effect. Small differences in initial conditions (such as those due to rounding errors in numerical computation) yield widely diverging outcomes for chaotic systems, rendering long-term prediction (or planning!) impossible in general. This happens even though these systems are deterministic, meaning that their future behavior is fully determined by their initial conditions, with no random elements involved. In other words, the deterministic nature of these systems does not make them predictable. This behavior is known as deterministic chaos, or simply chaos.

Currently long the UJ...

FINAL UPDATE: Moved my stop down a couple times since my last update and was taken out...

UPDATE 4: Moved stop down to lock in 1R on this trade...if it hits PT2 I make 2R, if I get stopped out I make 1R. UPDATE 5: Stop moved down...

Shouldawouldacoulda short on the UJ... No excuse for missing it...I even marked my chart ahead-of-entry...pretty much the sole reason I didn't take it was that I was too focused and too wrapped up in the excitement of the trade I was already in (and that I'm still in)...this is something I've always had trouble with...

UPDATE 2: As price closes in on PT1, I've tightened the stop on the first half... UPDATE 3: PT1 filled, stop for the second half at break-even...

Potential GU short... UPDATE: Stop at break-even...price broke down, retraced to a little above my entry, then made a new low...

POST-TRADE UPDATE: Eventually made it to PT1 without me...

Potential EU short... UPDATE: Stop at break-even...I like to be a little more aggressive with moving the stop the break-even when fading a sharp move like this...and price has more or less paused... FINAL UPDATE: Taken out for break-even...

Some shouldawouldacoulda on the EU...missed the upmove...marked 3 potential entries...just didn't see it clearly in real-time... Haven't had any trades today...the later it gets, the less likely it is that I will...hopefully tomorrow goes better...