I'm in short trade right now, USD/JPY at 113.25 with a 30 pip stop.  It's currently down 15 pips.  I just really need a winning trade right now.  I'm not going to do anything stupid though and I'll follow the rules and hopefully I'll come out on top.  

I opened the trade at 8:30 am when we started to get some volatility.  It has since dried up.  There are no major economic releases today.

I'm about to get stopped out.  I have to admit that I'm fighting with myself over the stop.  I want to move it up so bad.  I won't touch it. 

I didn't touch it but I was stopped out.  Wow, I don't know how many trades I've lost in a row.  Since signing on with Rob Booker, I have 1 winning trade and 9 straight losers.   One thing is for certain, I'm great at picking the bottom when I'm shorting.

Trade Details

The red thumbtack is where I went short.  I was stopped out 2 candles later.  I went short after a close below my lower channel.  The volatility dried up and the squeeze dissipated quickly after 8:30 am.  

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No. 1 :

If you can consistently pick 1 winning trade and 9 losing... there is a winning strategy I see. You tell me what trade you are going to put on, and I will take the opposite side. That will give me 1 loser and 9 winners. Better yet, why don't you just do that and and you can also have a winning record... There is a always a positive in every situation, sometimes we have to look harder for it.

Submitted by scibt • 2006-09-29 11:52:42

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