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Position size has to do with what the market is telling me. It has to do with time of day (liquidity), what the technical position of the market is(hanging off a cliff, in balance, or something in between), whether it's near big round numbers, if it's reacting to news or just technically driven...

My favorite trading saying from Market Wizards--"Stop thinking that you know something about the market". I use this thought just about every day, because my mind wants to tell me that it knows what is going to happen. It's all just a tendency that can vanish quickly. I see a lot of assumptions...

I think you should just accept where you are in your trading, right here and now. I've read (and responded to) your other posts. Your'e not going to get this fast. I'm guessing you are smart, and probably work in some kind of analytical capacity where making mistakes is not acceptable. Here...

That being said, there's also a lot of dollar bearish sentiment everywhere. Maybe a short term bottom.

The move up in USDJpy looks like it caught some who were still short USD Friday and pushing a little too hard. But these types of moves generally don't last. I need to see some consolidation, at least one or two retests before I'll be willing to say the dollar has bottomed.

Usdcad really sluggish on the push up. Just didn't want to get out of it's own way. Usdchf on the other hand was still holding last time I looked.

Out on the push up/down. Maybe it'll continue but I don't like hanging around against a very well established trend like that. Still a nice way to start the week. Hard to buy the USD Jpy after the gap up, but the tape was holding after the first push down. I know because I was short Aussie yen...

Sitting on long USD positions across the board. Just looking for some short covering, going with the tape.

What happened to the "Psychology Journal?" I don't see either one right now. Still available for consultation. My fees are very, very reasonable.:cool:

Haha that's funny I just read my post haven't been here in a bit. Been scalping the EUR from the long side. Missed just about all of the down move in the dollar, still managed to take some money out of the market. Feels so good to have liquidity after the summer doldrums. Much tighter, and...

Generally, when I make a mistake, it triggers fear. My old friend by now. I think if you look at it, it's what it comes down to. I mean, in the beginning I didn't know what a mistake was.

It wasn't until I traded and lost, traded and lost that I started to realize that It wasn't the market that was doing this. A missed opportunity is mostly in my mind. I believe that the world is abundant, that opportunities arise every day.It sort of frees me up to just move on and look for the...

At this stage of your development, you should not be jumping in on trades. Even later, you have to know exactly why and how you missed the trade. Examine your motives, not just the surface ones. Letting go has proven to be probably the most valuable tool this trader has. You'd be surprised how...

EUR looks kind of broken right now

Hope you're still long gold

The hardest part of these short covering runs is to resist the temptation to jump in after it's run. There's no good pullbacks to enter. You'll probably see a spike at the end.

Gbp Jpy looks like it's risk on. Everything looks good till you look at the daily chart. Big resistance at 144.

Wow what's this? GBP rallying, breaking above 1.2925? Crazy.

Wow nice move. I missed it. Even at eight this am I was short Nzd from .7238, but scratched it when it wouldn't move. That .7235 level seems key now.

Flat. Going to wait to see what London brings. Probably more chop.