First couple of trades in eur/usd ended poorly. Market didn't move and my actions were clumsy. I went short in the first place because it was mini break down and I expected to catch some downside action if I'm fast.
Gbp/usd trading was based on good fundamental news at 10:30 but without much action initially. Size was halved because you never know what can play out in such situation when things are not fast and directional. My add on was when price broke morning highs but it just stop there. Me being me didn't want to close while second entry was in a loss from spread. Luckily it did move slightly but there wasn't any move of strength in eur/usd at the time to take it all up.
In the end some more eur/usd trading after Greek auction. It's pretty much hard to go short after such strong up break out. You just wait when will it pick up itself and surge higher again. Short trade in the end was my usual when there is break of previous lows it couldn't be missed. Those eur/usd trades were also with half size because I wasn't concentrated so much any more.

+16 pips

Very short trade in a day that is more suitable for swing trading then scalping.

+5 pips

I'm not so proud that my healing come from trading that is borderline to bad trading that made my problems in the first place. Today initial trades needed average trades to give sense to all of it. If I stopped them when they were in a loss I would be in a deep hole. If I waited for them to turn my profit would be much smaller in relation to risk. Maybe the answer should be that I trade with half size in the first place, but then if things went in my direction immediately it would be too small profit. So that's why averaging is usual choice and somehow feel the best considering alternatives. Yes, it can burn me also but risk reward today is around 1:1 in this. The biggest problem is if I lose my head in the process and don't want to exit big loss with two trades on going against me.

Interesting thing to note is that I went over my scribbles and found a passage that I wrote just before my latest good run. There I said that my problem is trading with size too big for me to feel comfortable with it. This is then true for wins and losses. I cut my size after that and run about 50% on my account. Then I bumped up the size and immediately felt the pain. Well problems started two weeks ago when I started contemplating of a need to make my size bigger.
So now my size is back to old one. That doesn't mean that I will not have problems but I have to say that I felt pretty much ok today when I was in a loss. Day before loss made me panic. I don't know why are those subtle differences so big, but better for me to just accept it.

Also I would like to note that I'm grateful for learning to trade in the direction of the trend. As I stated before it was real problem for me in first couple of years when I started trading. I just couldn't pull the trigger in the direction of the trend, only opposite. Today trend saved me from my not so good entries and gave me profit without too much heat.

+55 pips

(smaller size pips, around 36 pips of the size day before. So it's not half of loss that is recovered but third)

My first short was prior to continuation of down side. Then average and long minutes of range. Then I abandon my short side and reverse two minutes to reversal. After it's too late to assess risk, I just stick to losing trade in fast market. In the end one little desperate long that lost some more.

History repeats itself. After long profitable string I hit the wall and fall out of rhythm and find the way to lose a lot. I don't blame so much trading or bad trading for it. It's something "in me" that makes me suddenly uncomfortable because of recent gains. I don't want to start with psychobabble because I can't explain it yet so what's the point.

I wasn't so emotional and I was very close at some points in that range to call it and have small or medium loss day. I predicted while I was short that I could lose maximum of 50 pips if things go. It's more than double.


Add to all that my position size is 50% bigger from the start of the month. So it's more that 150 pips loss of last months pips.



-108 pips

I didn't have much time for trading today. Market was slow and I was happy that this trade closed in profit because long side started to look more promising as time passed and down side hold it's levels.

+5 pips