I very happily faced a new challenge in my trading. I normally have what I call my weekly allowance in my a/c and finally I hit a new level of profits 4 fold my a/c. I continued trading and hit another 3 fold over the next two days. More in the a/c than ever before and knowing all the wise words are to step back and plan the trade. I missed the next couple of turns and traded a new instrument. I missed so many good trades by being in a hurry and not letting time do it's job. I need to trust, remember and execute the trades I see and plan. See the potential and trade what's possible. So now I was back at the original 4 fold holding an under water trade. Thought it was time to do some research and started the following presentation. Still satisfied but thinking of what I did wrong, mostly not holding trades long enough and trying to trade retraces. Then the usdjpy sat on a tack and the usdchf confirmed it was the usd moving. Shorted gold straight away. Once the jumping around on different pairs was over and the usd getting stronger confirmed across many pairs I went back into trading mode. Hit it hard with stops in the right places mostly and getting the drop. Moving stops to protect the a/c knowing that this could be a big mistake. Indicies would not join in but the usdchf steadily climbed and the usdjpy sat on a tack when ever the markets relaxed. I rode a beautiful wave and felt like a trader. Even turned the corner at 1111 on gold and picked up some of the retrace. Now back at my mid week highs in the a/c, I made a withdrawal and still have an enlarged a/c for next week. Now need to buy something to always remember the week.
Sitting here on my birthday thinking of how I can improve my trading. It was great to be let loose on the markets and trade hard. I have had 160 trades for the week and feel I over traded. I traded about 8 different instruments and was comfortable with that other than the time it took to manage. I now want to trade less and make more. Take it to the next level. Trend lines have been good this week and the the concept of the 50%.
Biggest mistake was missing that purple circle. But got the green one. Forex is hard enough.
