10 November. No currencies traded today

I`m feeling a bit confused today. From my previous experience - I have not to trade this day. Very confusing situation for me when I`m not able to get in a trade. Wanna enter GBP short but no confidence... Look at Aug, 08, 2006, never know who what where it goes!

The point here is: no more trades this week!

Updated totals for November:
As showed on An attack to my Forex Loser reputation (5) + GBP / USD trade Closed (57) = 62 pips profit for the first one decade. Critical for a Forex Loser career.

Have a nice week-end, losers ;-) just kidding.

GBP / USD trade Closed

11/9/2006 3:56:36 AM Sell GBP USD 5L 1.9074
Stop Lose - 1.9107 Take Profit - 1.9017
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Trade closed. Profit: 57 pips.

Very strange intraday situation - with Eur up, when GBP is down;
crosses with higher highs and higher lows for some and lower highs with lower lows on others.
In fact i`m glad the target hit before US Trade Balance numbers.

09 November trades

Forex trades for

What i see for today:
As far as GBP/USD can not get above 1.91 my view of this pair is ranging -> bearish mode. If 1.9100 broken the pair will tray to get above 1.9150. Almost same situation for GBP/EUR, GBP/JPY crosses!
Trades: short GBP using tight SL above 1.91.

Did open a trade today: 11/9/2006 3:56:36 AM Sell GBP USD 5L 1.9074
Stop Lose - 1.9107 Take Profit - 1.9017

I`m waiting for the action today. Mean time i plan to read and read 2-3 big trucks with information regarding markets, psychology, analyze myself and make routine work.

Have fun!

An attack to my Forex Loser reputation

Today i`m alive....

Ask yourself if the trades you are in, are trades you would enter right now confidently? if answer is no - cut the loss - go out and get real drunk and start fresh. Gotta take your lumps and move on if you dont like your positions. you will feel better once you do and will be able to be objective again."

Yesterday, Nov, 7 i did want to close both my positions at a some point but was unable to push the buttons. Finally both trades finished to stop loses (trash). Good for my reputation, bad for my account ballance.
Why not to close a trade if you don`t feel 100% confortable with it? Because Next time when i`ll try to close such a position i`ll be 100% wrong.

Enough about yesterday - let`s talk about today!!!

Trade #1

11/8/2006 3:14:19 AM Sell EUR USD 5L 1.277
Stop Lose - 1.2800
Take Profit - 1.2721
Stop lose hit (-30 points)
====================================

Tarde #2

11/8/2006 4:39:39 AM Sell GBP USD 5L 1.9081
Stop Lose - 1.9101
Take Profit - 1.9014
Take profit hit 20 mins ago. Profit (+67 pips)
====================================
Forex activity Statistics:

Total for today: -30+67=37 pips
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Updated Total for November:

+50(Nov,3)-35(Nov,6)-24(Nov,7)-23(Nov,7)-30(Nov,8)+67(Nov,8) = +5 points profit up to day.
Lose/Win trades proportion: 4 / 2
=================================

This is a very hard attack to my Forex Loser reputation. I have to apoligize to everybody who believe in me as in a veritable Forex Loser Man! :-)

Forex PsYchology: Verry common situation for the traders?

Forex PsYchology: Verry common situation for the traders?

07/11/2006 forex trades

Last trade (GBP / USD) update: Stop lose hit -35 pips lose.
Now i`m OK with my forex loser reputation ;-).



Today, 07/11/2006 forex trades:

11/7/2006 4:50:19 AM Sell NZD USD 5L 0.6703

Stop lose 0.6727
Take profit 0.6657


11/7/2006 4:50:22 AM Sell EUR USD 5L 1.2764

Stop lose 1.2787
Take profit 1.2726

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UPDATE: both trades closed. Stops (loses) hit.

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GBP / USD new trade opened

11/6/2006 7:03:01 AM Sell GBP USD 5L 1.8966

Stop lose @ 1.9001
TP @ 1.8921

Let`s see it in action today!