A Forex Trading Journal

yeah,... so , it isn't really a blog. but a log, on a broom. A journal, if you will.

So a bit about myself.

I have been drawn to forex for some strange reason. Maybe divine, who knows really. I do know, that in the early 2000's , after 9/11, I had decided to form on opinion about the world on my own. A lot of political learning went on there, but I also found a rabbit hole. After a couple years of diving deep (way too deep) into conspiracy theory's ( including not landing on the moon, and half reptilian alien race breeding with the elite ), I had finally found some truth. Ron Paul.

It was from this point forward , I started to look at only facts, and debate the crazy ones. It was through Ron Paul that I found a passion to understanding economics. I was on a quest to find why it was so hard to save money in one of the most fruitful countries in the world. One being the feds, destroying the value of the dollar. The other was the feds connection with the world and how the world banks worked together.

Enlightening as that is, I then found the forex market. For years, I never really thought I would try to make money from the forex market, but after a few years, I decided that it was only fitting that I would learn to be a skilled forex trader and make a living from it.

A few years went by, a hundred bucks lost on chase trading ( good thing I am working class lol ), and I kind of put it to bed for a little bit. A year goes by, I have another baby, and I start looking at the markets again. This time, more objectively. I did a lot of self interrogating. Am I disciplined? can I trade the plan? Do I like this plan? etc.....

This time, I decided I would follow the plan I felt was most suited for me.

Enter: The hurst cycle. Now, this was some shit I could get behind. From the years of observation, one thing I could always derive from my time in the market, was that it was cyclic in nature. Sometimes, news would release that would make one assume the direction would be bias, only to watch it go the other direction. Why was that? Other times, it would do as expected. It would make one avoid news releases altogether. What was the underlying force ?

Really, and still, I feel cycles in markets is edge bordering black magic. I have actually seen indicators that plot star positions on charts. This is some crazy ass shit if you ask me, but it made me realize how crazy mathematical cycles really are. 

I found a indicator to do the math for me ( hurstcycles.com ) and had some immediate success finding valid trades, using an RSI for entry as well as the FLD included in the indicator, and then usually only TaC , but I am starting to think that isn't really a concern .

I recycled an account for testing, and then started a new account, and then blew it up. I remember the feeling I had when I was loading the boat. Only to realize the indicator had not updated correctly. I am not blaming the indicator, I knew right away I had screwed up. But what did i not do? I didn't get out right then. My account was up 28% in three days, and I went -20% because of it.

Still, my confidence is high in this strategy, but there is still a bit of a learning curve as it is still a new notion to myself. My confidence is so high, though, I apparently was willing to shoot myself in the foot because of it. Learning to put down the gun is really important.

I just did 1.65% today on the new account, with a drawdown of .62% , which is just about where I want to be. I could have had so much more if I had just stuck with the trade. THIS is the actual hard part. It is easy to avoid going in to heavy, but it is even harder to stick the plan to the end ( of some sorts ). I always quit long before the trade has actually proven itself ( one way or the other ). This is how going in to a trade heavy starts - knowing that deep down inside I won't stick it to the end, so I might as well get more than I would by going in to heavy.

I will know when this is over when I can actually trade the plan.

To re-instill confidence ( now that I destroyed it with that negative talk ) , I have learned to only trade during opening hours, I have also started waiting for entry and only taking the lower risk of the trades, and more then not, exiting losing ones that I have reason to believe will lose.

This is a practice, just like anything else, and I have had a lot of practice that now seems to be materializing into results .