It is quite fruing. My entrance was too early and that I lost 100 pips. If I would have waited until I had an entrance signal on the hour chart rather than the 30min chart the trade would do quite well. I will try for now on to only go into using the hour chart and nothing bigger. So, I am starting off this month with a reduction...
After 2 decades away from trading forex I've decided to revisit this. I'll be keeping track of my trades here to keep me disciplined. Here are my trades for the previous two days:
April 19, 2011
LONG USDCHF @0.8896
LOT #1: TP 0.8996, SL 0.879 6
LOT#2: TP 0.9046, SL 0.8796
LOT#3: TP 0.9096, SL 0.8796
Now, I won't be putting any trades. Yesterday I believed there may be set-ups now to brief USDJPY and USDCHF, however, the strength of USD now sure shifted that chance in a rush! Now I will stand aside and I'll see what tomorrow brings...