what a terrible week ! i lost 200 pips this week, that is 6% of my account. There were practically no follow through during the entire London and New York session. Some movements during Asia session but i only trade NY so i could not catch any of the move. I was exhausted. Pretty tiring to lose every day 4 days in a row. So i decided to take rest on Friday and guest what ! there was a move on Friday. I had the opportunity to make some pips but hey am i upset ? absolutely not. I needed that rest. I shall be back next Monday fresh again.…
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New Forex traders journey 6th-9th sep 2016
Tough week for me. Monday was labor day so i was not expecting the greenback to move so i took off for that day. Watching trading related Youtube clips were better option for me. 6th Sep Tuesday 2016 Started trading from Tuesday. I did learn a valuable lesson on Tuesday. The follow throw on 6th sep was huge due to ISM Non-Manufacturing PMI. I was really tired due to lack of sleep, kinda skeptical whether to trade or not but forced myself to trade. Result : ended the session with -15 pips which is not bad i agree. However, due to ISM news, the move during NY session was massive…
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Forex day trading in Summer : my journal
It’s been a while since i last blogged. During brexit era, i briefly took off from forex trading. The market was going haystack up and down so vigorously i thought i should take a break. With my strategy to risk 10-12 pips, those time was not a good time to trade. Over time i learned when the market conditions are not favorable to trade, just take a break. I also had a chance to visit India to attend one of my friends big fat wedding after brexit. It was really good time to see all the colors, cultures and dances in Jaipur India. The break that i needed from trading…