Open trading account 
Usually since today is NFP report I would have write about that but I'm not in the right mood, so instead of doing that I'll take the time and talk about my last trade which it happens to be long GBP/USD. At this point you may think: what a lucky guy I'm since cable shoots +300 pips to the upside. Well if you haven't read my blogs from this month you probably have no idea that I have the innate ability to turn every great trading idea into something that is really frustrating.
My account balance should have been now at 500k if it weren't for all this crazy stuff going on in the market.
Even though at the beginning of the week I wrote that the seasonality tendencies and the election cycle points to a downside move, I was smart enough to change my mind when I saw the market is not playing this theme. What doesn't go down, must go up, and as soon as the price structure was clear that this thing will move up I got long, but I didn't had the perfect entry. At this point after the market has moved in my favor I tell myself that I need to play it safe and move my SL at BE+, just in case the market wont screw me again. Just before the NY close the market does what it does best: take your SL out
and at the same time reverse and goes again in your trade direction, what an irony!! There must be something wrong either with me or with the market this can't happen to each and every trade I take.
I'm not sure why that trade doesn't show up in the chart and it's is invisible but I've marked the entry and exit points on the chart. I'm really sick of missing all this +200 and + 300 pips move. I really tried not only to recover my balance but also I was determined to get in top 10 that's the reason why I kept on blogging, however I had enough of this market. When all your predictions where right and yet you lose money it's kind of hard to continue this way. My last change will be on NFP report and I'll gamble everything on it, it's my only chance to get back in the game.
Best Regards,
Daytrader21
My account balance should have been now at 500k if it weren't for all this crazy stuff going on in the market.
Even though at the beginning of the week I wrote that the seasonality tendencies and the election cycle points to a downside move, I was smart enough to change my mind when I saw the market is not playing this theme. What doesn't go down, must go up, and as soon as the price structure was clear that this thing will move up I got long, but I didn't had the perfect entry. At this point after the market has moved in my favor I tell myself that I need to play it safe and move my SL at BE+, just in case the market wont screw me again. Just before the NY close the market does what it does best: take your SL out
and at the same time reverse and goes again in your trade direction, what an irony!! There must be something wrong either with me or with the market this can't happen to each and every trade I take.
Figure 1. GBP/USD 5 Minute Chart
I'm not sure why that trade doesn't show up in the chart and it's is invisible but I've marked the entry and exit points on the chart. I'm really sick of missing all this +200 and + 300 pips move. I really tried not only to recover my balance but also I was determined to get in top 10 that's the reason why I kept on blogging, however I had enough of this market. When all your predictions where right and yet you lose money it's kind of hard to continue this way. My last change will be on NFP report and I'll gamble everything on it, it's my only chance to get back in the game.
Best Regards,
Daytrader21
