Well the week could have started on a much better note I must say. My USD/JPY intraday (ID) system, which tends to make money buying high (selling low) in the expectation of yet higher (lower) prices throughout the global session, managed to go long pretty close to the day's high before a strong reversal took hold. And who said it was all but impossible picking the high or the low for the day in these irrational markets?
[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"></v:stroke> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"></v:f> <v:f eqn="sum @0 1 0"></v:f> <v:f eqn="sum 0 0 @1"></v:f> <v:f eqn="prod @2 1 2"></v:f> <v:f eqn="prod @3 21600 pixelWidth"></v:f> <v:f eqn="prod @3 21600 pixelHeight"></v:f> <v:f eqn="sum @0 0 1"></v:f> <v:f eqn="prod @6 1 2"></v:f> <v:f eqn="prod @7 21600 pixelWidth"></v:f> <v:f eqn="sum @8 21600 0"></v:f> <v:f eqn="prod @7 21600 pixelHeight"></v:f> <v:f eqn="sum @10 21600 0"></v:f> </v:formulas> <v:path o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"></v:path> <o:lock v:ext="edit" aspectratio="t"></o:lock> </v:shapetype><v:shape id="Picture_x0020_4" o:spid="_x0000_i1026" type="#_x0000_t75" alt="https://media.licdn.com/mpr/mpr/AAEAAQAAAAAAAAYCAAAAJGJkMGY2NzUwLTg4MWEtNDQ3ZC05YmMzLWFmY2Q1MzIwYTk5NQ.png" style='width:479.25pt;height:261.75pt;visibility:visible;mso-wrap-style:square'> <v:imagedata src="file:///C:\Users\Richard\AppData\Local\Temp\msohtmlclip1\01\clip_image001.png" o:title="AAEAAQAAAAAAAAYCAAAAJGJkMGY2NzUwLTg4MWEtNDQ3ZC05YmMzLWFmY2Q1MzIwYTk5NQ"></v:imagedata> </v:shape><![endif][if !vml][endif]Well things improved somewhat after that as some of my other day trade systems sprang into action, GBP/USD going short and EUR/USD entering long while the longer-term multi-day (MD) systems bought GOLD and sold GBP/JPY with the intention of holding positions for a number of trading days. Under normal circumstances GBP/USD and EUR/USD move in the same direction but who am I to say that my systems have got it wrong. For whatever reason 'they' don't seem to like Sterling today...
On reflection I think this is why trading can be quite a frustrating pastime, whether it is done on a professional basis or otherwise. Trading is not about being right on each and every 'spin of the wheel' but about being right over the long haul by having faith in your systems and in risking only a small percentage of capital at any one time. In the short run one will encounter sometimes long periods of being wrong - 'drawdown' - where one's psychology can be adversely affected which can lead to trading errors including 'doubling down' and getting selective about which trades you take.
As The Rolling Stones famously put it, 'You Can't Always Get What You Want........but if you try sometimes, you get what you need'
To learn more about the services I offer ('HF Systems'), please go to my website http://www.hf-systems.com/ or email me at firstname.lastname@example.org