Adventures of a Trader 2

Started the week off on the right foot, then fell off a cliff and busted my head open. I made a quick and easy 100 pips off AUD/USD short from a wedge pattern, then racked up some heavy losses, because I didn't follow my plan, and got emotional about my losses. As my losses got bigger I tried to dig myself out of the hole, but only made things worse.

TRADES TAKEN: 9
WINNERS: 3
LOSERS: 6

WEEKLY PL FROM OCT 20TH - OCT 24TH:

- 402.35 (16.4%)


YTD PL:

- 371.92 (14.88%)
 
usd/jpy off 15min

I took one trade off a macd cross, but it went against me....In hind-sight, I should have went short, as that was the current trend. Again I tried to go long on the 2nd trade when I should have been short. STUPID mistakes, I know better than this.
 

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I should have covered much sooner, but had I held on for 100 pips more, the pair would have hit my targets.

If you look on a 4hr, you'll see a big red candle with a long lower shadow...thats a 720 pip swing! I don't think I should be trading these exotic pairs, but MAN they can move!
 

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-64.64

I missed both runs on EU and UJ last week. A total of 1,219 pips left on the table. I only needed 350 to be happy with the week, but I was unable to even get that. I am suspending this journal untill I deposit 1/2 the losses. In the mean time, Neke's making over 60k a week. g-d damn im jelious, but I just gotta keep at it.
 
up 409.00 (6.11%) for this week. I'm very happy with the results, but still down 6.99% on the year, which I think I can make back easily next week.

Weekly Trades: 15
Winners: 7
Losers: 8

Biggest gainer of the week was short gbp/usd from 5383 to 5050 for 333 pips. I'll post the chart later.

YTD P/L: -174.96 (6.99%)
 
Just at a glance it seems like your wins and losses are both increasing in magnitude, I would try to take a step back and focus on just trading your plan, rather than making back what you lost last week...
 
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