It has been a turn-around week for me. I've done as I wrote in last post. The result is that I think and do right decisions.

This week, I've done right decisions only. First trade ended up in loss though, because I wasn't at my computer and broker executed my pending order much earlier than I had set it - it was probably spread widening result due to the news that happened near my pending entry order. However I count it as right decision, with executing lesson - not to trust broker on entries and maybe set a bigger stop loss on scalp line trades.

The other two trades ended in profit. Targets were in right place, action was taken on the right time, execution was right, exiting was right. Really nothing more to say about those trades.

I haven't added any numbers nor pictures here in my journal lately. There is a reason for that. I feel like I owe too much to a person from whom I learn trading and most of the analysis is in sync with his. I don't want to be blamed on copying the analysis.

In the future, when I'm completely independent with my analysis and style, I will add those to this journal again. Until then, I'm continuing my journal at: www.forexfornoobs.com

It's been a few weeks now since I last took trades. One of the last trades that failed, is still open. I'm not going to close it and let it play out in whichever direction it finally decides to set on.

I've been learning and backtesting as I said. The results are mixed. What works on one pair doesn't necessarily work on another. The conclusion I've reached is that unfortunately I can't see any way to trade 10 different pairs and be successful on all of them using a method that works on one pair. So trading several pairs on daily charts is not an option.

I've analyzed my journal. What I see, is that I constantly try to find a method that gives me more trades and takes less time to pay attention to at the same time. This has lead to taking weak trades, doing no analysis and ignoring recommendations of experienced traders. It shows two aspects of my personality - one is impatience and the other is "have to try it myself, before I take your recommendations seriously". Well, while thinking for oneself is generally good, in this case, as being newbie, I'd better follow all the recommendations and make my own rules when I'm already successful at trading Forex.

I'm going to stop fooling around. I will take recommendations seriously and follow the analysis of experienced while thinking along to be able to analyze charts the same way. I will no more worry about profit or how much trades I get. If there is no trade, there is no trade.

Today I have set up my GBPJPY chart with proper SR and scalp lines. In the evening or in the next morning I will set limit orders since I can't be around during the day because of work. I will re-establish alarms during the times I'm near my computer (including nights).

In conclusion: no ignoring recommendations, no impatience, will do analysis before week start, stick to one pair and one method as recommended and forget about monetary results and concentrate on perfecting my trading.