That's 36%; a drop from last week. Getting Started with Currency Trading was concluded along with the ebook, Advanced Forex System. From both, the importance of timing was mentioned, affecting the strategies utilized later this week. Balance is $2595. Highest profit this week was $129, largest loss -$75.
Being on the west coast, GBPUSD and EURUSD (London) are +8 hrs away, USDJPY (Tokyo) is -9, and USDCHF (Switzerland) is +9, so adjustments must be made when looking at the charts. On MT5, the charts show the time in the local currency country. NY is +3 from here. Later in the week, trades were entered at the beginning of the market day for different markets around the world. Wednesday night and all day Thursday was rough. For London and Switzerland (GBP, EUR, and CHF), I entered trades around 2330. Granted that was a little late for Switzerland, but oh well. For Japan (JPY), it was 1600 when trades were made. This worked for 2/4 trades, and there's more faith in this system currently than in the strategies attempted previously. Another interesting strategy will be attempted next week while still utilizing TrendRider and TrendBouncer strategies for confirmations. It requires a little automation, so we'll see :)
Calculating trades in reverse will be used as an exercise this weekend, as the big spikes in the week are reviewed. Studying makes automated trading seem like a reasonable goal when strategies can be implemented without needing the active trading component. Work and sleep schedules were tampered with this week, and it was difficult indeed.
The next book is Forex Trading Techniques (2003). It's a quick one, seems pretty basic so far. This is book #34. I'm almost at my goal! More goodness to come. Keep pushing. Fight off mediocrity, know that a good plan for success includes how to handle failure. Build that agility, that perseverance. Imagine the most intimidating, fierce competitor to play the game. Now, become them.
Alright, taking my advice, what's my next step again? Reversing trades? Yeah, that's actually a great exercise. My ultimate competitor does all this stuff in his head, and doesn't need to write anything down (like the ol' school bookies Malcolm X spoke about in Alex Hailey's book. They even had the character in Spike Lee's movie about him. Drugs destroyed him). With that much being done mentally, the necessity for automation is changed, more programming is incorporated to automate intuition and establish protocols levels above personal ability. Later.