I'm back! Literally and Figuritively...

Alright, so I wasn't posting for a couple of weeks, because I felt like I lost my way and my focus.  When I started forex, I kept it simple with a few price action set-ups, but as I learned more, I started making it more complicated.  That's not a good thing when you are using PA.  You can't really think too much about what you think that the price should do, because it doesn't give a crap what you think!  You just have to watch, learn the patterns, and act at the right time!  So, after some self-reflection and a little tweaking to my system, I am finally getting good results...I am soooo happy.  (I'll go into more detail in a later post about exactly what I am doing...the process to get the end results)  I knew I was going to make it in forex, because I flat-out refuse to give up and I love it so much.  But to actually be trading live and now making profits...it's the best feeling in the world!  Ahhhhh, bliss.

Feeling Depressed

Definately not going well with my live account.  I started my account about 3 weeks ago now, and at that time we went from a serious bear environment to an inexplicable bull run.  Excuses aside though, clearly I haven't made the best choices as I have had several losses.  That's really all I have to say at this point.  Today is a Friday, so after the weekend I will try to start afresh and stay positive!  I can do this...I have to do this, lol...

...

I feel a little guilty for posting less here...you'd think that with starting my live account I would have MORE to say, but actually, my trades haven't been doing anything but going up and down for days.  So, nothing really to report at the moment.  I feel like I am being less aggressive with my trading...maybe a little gunshy...but the markets are rather sideways right now, and most people are just losing money.  Also, I have been reading and analyzing the charts more in the past couple of weeks.  I am trying to incorporate using the weekly charts (identifying patterns and breakouts) with my current daily system.  The thing about this is, it's less frequent trading.  Which should be a good thing, if I have a lower fail rate as a result.

Reading "Diary of a Professional Commodity Trader" by Peter Brandt

While I think that this was a great book, by a great trader, his style is more long-term position trading.  I am currently trading daily (holding trades for a matter of hours to a day...), so I am not going to put into practice much of what I learned.  It was extremely interesting to see how you can read patters on the weekly and monthly charts and actually see what is (likely) going to happen in the coming weeks or months!  What a concept!