Currently I'm continuing my journal at www.forexfornoobs.com

Currently I'm continuing my journal at www.forexfornoobs.com

This is subject to change in far future. Until then, I'll keep it there.

Friday, February 15, 2008

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

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Elton
Hi, my name is Elton. Please check my other blogs as well. I'm also a Forex trader (not full time yet). You can see my story at www.eltonforex.blogspot.com
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