My first month day trading Forex

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Lovely reversal setup on the 1HR



Entered on the 1M Chart at the break (sell limit) of the last swing low and was swept in with all the exits!



Being a counter Trend trade and fairly high leverage I was out quickly. Guys, always watch the 1HR!

 

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And finally back with the trend for a long trade. Entered on a buy stop a little too early so I was watching the lows very closely of that local consolidation area. If any low broke 9183 I was going to exit, the 4th push down came awfully close to it but I hung on tight!



That's all for tonight folks, super tired and one thing I don't do is trade while tired.

 

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I was already looking to go Long in that area then I saw the bar I highlighted, failed break to the downside away from the local area of consolidation.



Closed half the position, moved SL to BE now riding the move - FREE TRADE!

 

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Quick Counter trend trade, short but I am out real quick as the price action started becoming more bullish.

Quick Short



Out of the short position, I am now long! That's how quickly my bias can change based on PA.

 

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And I am out for a small loss! Looking for a potential re-entry SHORT. Pending close of 5M bar... It is looking like a very bearish close. If it closes below 14116 I am going to be entering a short

 

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Sheesh it has been awhile - still trading!



Today's trades:



It's a crazy journey but feeling more confident and far less frustrated these days.

Thought I would share one of my favorite motivational videos before I sign off:

http://www.youtube.com/watch?v=NjjYVROiJIA