Get back up!

After a long break...i was getting a bit impatient for the lack clear trading signals.. The market is quite choppy for the past few days. I entered 2 trades today, both involving yen pair. The first trade was EUR/JPY. Exit with a 53 pips loss. The indicator show slight reversal and i got a bit defensive and ended the trade early with small losses, however the trend was still intact after few hours later though it is not a strong one.

Second trade was GBP/JPY, was side trending for few hours. Down up to -40 pips at a time and up +60 pips at a time but ended up with only 2 pips gain after i meddled with the stop loss level.

At the current time of writing this post, i have already entered another trade, long EUR/USD after confirming the signals. It cleared 3 time frame. And with US data being released, it should aid the trend for a while. Later Treasury Geithner will be having a speech on 'Addressing the Need for Comprehensive Regulatory Reform'.

After suffering from my longest streak of losing, my confidence was dented. I was afraid to trade again. Even when the signals indicated a trend, i was being too defensive, afraid to take risk however small it is. Until i stumbled upon the video clip with a powerful message. Enjoy it.