Jims journals start today 6-11-2013

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I said I would not close trades early I would let them reach the stop to avoid emotional trading,HOWEVER I did close this trade early and after I explain why I would like to know if by the definition of the rules I am going to follow if this was the correct decision. I closed trade because the EUR/USD was dropping and I know you are not supposed to look at other currencies while you are in a trade. So I think I answered my own question but I know the EUR/USD almost always moves in the same direction as the EUR/JPY and the EUR/USD moved below purple and opened the alligators mouth with red dot and good ZL entry. So I thought I did the right thing but I could not have been using the right side of the brain so I guess I was wrong. Immy Dave what do you think about this thought ? I think I was wrong regardless of how the price goes was my thinking wrong. I think it was.

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closed trade early I had to get some work done and after 11.00 A:M I will look at these trades later to see what went on after I made my choices.

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Little disapointed in this trade I thought it was going to take off while I was in it but guess what I was not negative and so that means that this was a good trade pip wise, account wise,and mentally only 40,000 or so trades left and I am there LOL. If it is possible I mean this in a positive way I really do. You have to crawl first and the faster you crawl the sooner you walk,run,goooooooooooooooooooooone.

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Did I just miss the trade and there is nothing to do but wait for the next trade or is this trade something that could be entered again. What I have learned right or wrong this currency would be done for the day because it has already moved so much. The chances of another large move are small, would anyone like to give me there 2 cents I could use the money LOL

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I am starting to read seed but time restrictions between work, trading, reading, baby,WIFE, life. The phrase JUST DO IT is not as simple as it sounds but I believe the answer is to not give up and keep doing (not trying DOING) Immy what would be your thoughts on this and I have more coming if you could give them a peek. THANK YOU

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There are 2 trades here first trade entered correctly I think and if not please let me know why not entered correctly. Second trade was me not AIMS and I would like to know If it was something that I should not have done. I see this situation many times and the trade takes off crosses purple up and just never looks back. Ten minutes after I left EUR/JPY the trade dropped 65 + pips was there any on my charts telling me this was going to happen. I just entered this trade going down fractal did not form so I think I entered early which is wrong because there is no fractal point to place my stop. I will place the stop above the previous green candle, with a drop like this is it more likely to keep going or reverse I believe I see these things keep going more than reversing . While I am in this trade USD/JPY going up I will add screen shot appears to be an entry signal ZL seems a little far away so far not a good day trading for me. One mistake is to many and it seems i have a few more that that today. I should have been in the USD/JPY trade but I was to buisy entering the wrong trade EUR/JPY and missed the dollar yen trade. I also missed the drop in the EUR/USD I closed GBP trade and I am leaving computer to many mistakes I can not mentally adjust in a good way. Time to stop trading.

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Was this even a good trade I am above purple when fractal was broken Immy please when you get a chance.

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I said I was done for the day and I was pissed off . Not pissed off anymore disappointed that I did not do what I needed to do to be profitable (stay focused) I need more practice still to emotional but I am close. look at this USD/CHF trade. This was a perfect trade opportunity but I did not have the chart up. I am going to post EUR/USD and USD/CHF look at how they move opposite while eur trade was iffy due to purple line the USD/CHF was a perfect buy signal and both moved up and down at the same time. I have known forever these two currencys trade opposite I need to calm down more. I was right here when all this happened practice ,practice, practice.

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[immy]

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Jim

Where you've written, "was not awake for this" was a perfect setup. If you've missed it, its ok wait for the next, so the first trade you took was where we would be not looking to enter a trade rather we'd be looking for exits. We must all understand this. A wave begins somewhere and it ends somewhere, we need to learn to understand that when a wave has begun and moved a big it will pull back, nothing ever goes in one direction otherwise the markets will not be wavy rather straight lines and thats not going to happen!

the second trade, 82pipper is nice setup technically. however there is a problem. The trade was taken 20 min before the Biggest news that happens every first friday of the month. Its the biggest news for forex namely NFP!

cheers! have a great weekend