472

 I've officially lost over 50% of my investment to date.  At this point, I'm at a loss, pun intended I suppose.  Now, I'm at the point where every loss carries a sting. I'm not waiting for an average of wins. I am now limiting my positions. My SL is only a few pips away from entry. I'm taking something or losing little to nothing.  I'll say more next time if it works. I mean, who wants to listen to someone losing? Not me.

670

 That’s 4.6% gains, which is like saying I was slightly better than 1:1.  What made the difference this week? More discipline is all.  Setting my support and resistance bands continuously throughout the day.  What I learned:

Consolidation occurs routinely. Ride out these moments.  Be patient with your lines of support.  Set it and forget it. Don’t second guess. Go through with it.  When I’m doing it right, there’s no stress. I’m learning throughout the trade when my mind is clear.  

Set the SL and TP based on the lines of support and resistance.  If you’re iffy about the trade, wait for the one with stronger signs.  Study more about the markets if you’re wondering about your trade. Take in information rather than worry.  Looking back at 1H, 4H, 8H, and 1D helps to get perspective, although it still comes down to what’s happening in the moment.  

Only use the trailing stop after being in the trade for an hour or so, and only to secure profit (in the green). If it’s a heartbeat (chart looks periodic), don’t worry about the trailing stop. You should trail a rally up or down.

If you start off strong in the day and get 4% or more, step out for the rest of the day.  All that said, I’ll do a little studying this weekend, and practice these things again next week.  Sunday is my 1^st marathon.

641

 Battered, but not beaten, not destroyed. It was actually a good week of trades, as far as execution. 3 out of 4 trades were executed correctly. The other trade I went "with my gut," and I watched as it betrayed me.  I have been setting up price signals, and that's been very helpful, because I can just put my phone away.  This was the first time I received an alert about my data usage, and it took me an hour to realize it was because I'd been watching the market throughout the day.

I also spent some time studying the Yen this past week.  I learned the US exports ($121 billion) mineral fuels, aircraft, optical and medical instruments, and machinery (including electrical) to Japan.  We import ($180 billion) vehicles, machinery, pharmaceuticals, and medical instruments. We export 10% of the natural gas imported into Japan.  China is a bigger trade partner with Japan.

So despite the losses this week, I am encouraged, and I refuse to give up.  It's the application that I have to get together.  Another positive in this past week; I resisted the desire to simply enter a trade, and I waited for entries. No entry, no trade.  Alright, off to the races.  Until next time.