An insight into a Forex trader

Today was a pretty tough day all round trading wise and emotionally. Several setbacks in regards to finding my dog and cats new homes have fallen through and the grim reality of having to put them down is looking my only option. It just feels like everything is conspiring against me to have a good run.

Trading got off to a shaky start with a loss followed by a win followed by another loss and finally in the afternoon a win. TUFXP had a loss and two wins for a +15 day so a respectable day again. It was interesting to note on the last trade that the 100% stop-loss was a godsend as the previous fixed 25 SL would have resulted in loss. It went to -30 before engaging maximum thrust to hit the win, but not before it missed my scalp by spread (again) but thankfully it never made it back to breakeven to knock me out.

I best get on with trying to sort some accommodation for my animals so I’ll leave it here.

With the Greek debt being downgraded to junk, I had a feeling the markets would see some pretty volatile moves today and so it proved! TUFXP didn’t quite go to plan today, after hitting the official scalp, it missed my scalp by 0.5 of a pip due to the spread. I moved my stop to breakeven as turning a winner into a loser is not only bad for the balance but more destructive for my confidence. Unfortunately I never re-entered despite it going to -15 then all the way back to scalp. Whilst frustrating, I was happy enough with my decision as it could have easily of kept going to a full loss. Thankfully a couple of other trades hit their respective targets a good day was seen. With only two days left of the month, I should be on track for another profitable month which is a step in the right direction.

On a note of TUFXP, the fxcm feed seems to be going from bad to worse with constant outages and for a brief period this afternoon, it was displaying the completely wrong prices. For $88 a month, I expect better and also from TUFXP management to implement a more reliable and cost effective alternative. I realise there is a substitute feed but that produces different results and that just complicates matters even further.

I’m absolutely starving so I’ll end it here. My plan is to keep trading the London session despite being in Australia and some 9 hrs ahead. I’m comfortable trading this session and I know it’s characteristics and generally what to expect. The Asian session doesn’t appeal to me as of yet but I’ll keep an eye on things.

Well the good winning streak had to end for the new TUFXP method and end it did! -60 for the day time to call it quits for the day I think with plenty of other stuff to be getting on with. I’m still struggling to come to terms with the loss of my friend but I’m trying to keep myself busy and occupied. I should be leaving within the next 7-10 days and the mad rush to get everything finalised is dawning on me.

Hopefully TUFXP can strike back tomorrow and return to winning ways. I hope everyone had an enjoyable weekend and I’ll try and update in the next few days before I leave. Thanks to the people who have been kind enough to email me and leave comments, they are much appreciated.

You have to laugh. I’ve just checked the CM blog. Surprise surprise!!! Talk about bending the rules and moving the goal posts to suit your audience! He quite clearly states trading times are 6am-10 am for the morning session. Yet today he decided to take a trade before 6 am. I will bet my house he didn’t take it at all and is merely posting it to improve results and sales. For example, on the 15th April, whilst the test has been running there was a trade pre 6am that qualified after 6 am but lost. Why didn’t he take that one?

Just a quick post with an update on the TUFXP trial. I had one trade CM didn’t even though the PTP is clearly showing on his screenshot, so I’m not sure how he missed it. +28 for the day then. I also noticed he’s added the break between 10am-1pm. I personally don’t think this will make any difference whatsoever so I’ll record results for both. He has however kept his winner from Wednesday 14th April which was after 10 am.

So a winning start and surprising the stops were very reasonable. There were a couple of potential trades with stops of 40+ but thankfully they never qualified.

I went down to Yas Marina Circuit last night to watch the qualifying for the new GT1 World Championship and couldn’t have been more impressed with the setup. Unbelievable facilities and I can see why the F1 drivers loved it so much back in November.