Here's a 500 pip plus move in the EUR/JPY, this was a euro move.

note the r2 at 129.74...it's currenlty at 129.94

many places to enter and renter this bad boy freight train.

New Office

I'm very excited, I am setting up my new home office. This is excellent in that it is out of the way in my home and there is a door that I can secure my cpus away from my son aka little monster.
I cleaned out the future office last night, and everything is ready to move in.
I have a new cpu desktop to add and use. It has 6GB of ram which will be awesome, not to mention the new monitor and printer. I'll also add a bookcase, tv, dvd player and boombox.

This should help me take my trading to the next level and reduce the nuances of trading with ones family in the home.

The Places You'll Go

Look for the trading analogies

“Congratulations!Today is your day.You’re off to Great Places!You’re off and away!
You have brains in your head.You have feet in your shoes.You can steer yourself any direction you choose.You’re on your own. And you know what you know. And YOU are the guy who’ll decide where to go.
You’ll look up and down streets. Look’em over with care. About some you will say, “I don’t choose to go there.” With your head full of brains and your shoes full of feet, you’re too smart to go down a not-so-good street.
And you may not find any you’ll want to go down. In that case, of course, you’ll head straight out of town. It’s opener there in the wide open air.
Out there things can happen and frequently do to people as brainy and footsy as you.
And when things start to happen, don’t worry. Don’t stew. Just go right along. You’ll start happening too.
Oh! The Places You’ll Go!
You’ll be on your way up!You’ll be seeing great sights!You’ll join the high fliers who soar to high heights.
You won’t lag behind, because you’ll have the speed. You’ll pass the whole gang and you’ll soon take the lead. Wherever you fly, you’ll be best of the best. Wherever you go, you will top all the rest.
Except when you don’t.Because, sometimes, you won’t.
I’m sorry to say so but, sadly, it’s true that Bang-ups and Hang-ups can happen to you.
You can get all hung up in a prickle-ly perch. And your gang will fly on. You’ll be left in a Lurch.
You’ll come down from the Lurch with an unpleasant bump. And the chances are, then, that you’ll be in a Slump.
And when you’re in a Slump, you’re not in for much fun. Un-slumping yourself is not easily done.
You will come to a place where the streets are not marked. Some windows are lighted. But mostly they’re darked. A place you could sprain both your elbow and chin! Do you dare to stay out? Do you dare to go in? How much can you lose? How much can you win?
And if you go in, should you turn left or right…or right-and-three-quarters? Or, maybe, not quite? Or go around back and sneak in from behind? Simple it’s not, I’m afraid you will find, for a mind-maker-upper to make up his mind.
You can get so confused that you’ll start in to race down long wiggled roads at a break-necking pace and grind on for miles across weirdish wild space, headed, I fear, toward a most useless place.
The Waiting Place…for people just waiting.
Waiting for a train to go or a bus to come, or a plane to go or the mail to come, or the rain to go or the phone to ring, or the snow to snow or waiting around for a Yes or No or waiting for their hair to grow. Everyone is just waiting.
Waiting for the fish to bite or waiting for wind to fly a kite or waiting around for Friday night or waiting, perhaps, for their Uncle Jake or a pot to boil, or a Better Break or a string of pearls, or a pair of pants or a wig with curls, or Another Chance. Everyone is just waiting.
No! That’s not for you!Somehow you’ll escape all that waiting and staying. You’ll find the bright places where Boom Bands are playing. With banner flip-flapping, once more you’ll ride high! Ready for anything under the sky. Ready because you’re that kind of a guy!
Oh, the places you’ll go! There is fun to be done! There are points to be scored. There are games to be won. And the magical things you can do with that ball will make you the winning-est winner of all. Fame! You’ll be famous as famous can be, with the whole wide world watching you win on TV.
Except when they don’t. Because, sometimes, they won’t.
I’m afraid that some times you’ll play lonely games too. Games you can’t win ‘cause you’ll play against you.
All Alone!Whether you like it or not, Alone will be something you’ll be quite a lot.
And when you’re alone, there’s a very good chance you’ll meet things that scare you right out of your pants. There are some, down the road between hither and yon, that can scare you so much you won’t want to go on.
But on you will go though the weather be foul. On you will go though your enemies prowl. On you will go though the Hakken-Kraks howl. Onward up many a frightening creek, though your arms may get sore and your sneakers may leak. On and on you will hike. And I know you’ll hike far and face up to your problems whatever they are.
You’ll get mixed up, of course, as you already know. You’ll get mixed up with many strange birds as you go. So be sure when you step. Step with care and great tact and remember that Life’s a Great Balancing Act. Just never forget to be dexterous and deft. And never mix up your right foot with your left.
And will you succeed?Yes! You will, indeed!(98 and ¾ percent guaranteed.)
Kid, you’ll move mountains!So…be your name Buxbaum or Bixby or Bray or Mordecai Ale Van Allen O’Shea, you’re off to Great Places!Today is your day!Your mountain is waiting.So…get on your way!”

Some things on my mind

I am really perturbed by some people and their ''elaborate'' systems.
This is the biggest game in the world. But a real trader should first has the ability to trade by price alone and turn a profit. Naked trading. No indicators just price action.

I cannot fathom why so many people rely on indicators that they have no idea what they do and what really gets me is they have 30 indicators running at one time.
A trader should be able to clearly articulate what each indicator does and represents if he is using it on a live account, much more so if he is teaching it.

Another point.
5% risk.
If a person was to trade 5% risk on a $25000 every trade and after profits and losses make a mere 15pips they would have upwards of $15MILLION the very first year if you took no profit.
$2.5million profit if you took 40% profit per month which equates to 1.7mil

*5% risk is rediculous for a seasoned trader is my point, you are taking excessive risk and if you traded longer than 6months using that system you'd already be a multimillionaire.
My point is Risk should be scaled back the better one gets or slowly ramped up to no more than 5%.

Each trade and trading day should be small in the grand scheme of things if one is really in it for the long haul. I understand these past 3weeks provided huge ranges and potential, but other than these special occasions like that I cannot see someone continually telling me they always risk 5% per trade. If they were making a mere 15pips per day they would be a multimillionaire in a year.

Took a shot on this EUR/JPY

Price spiked up, I fibbed it and got in

2 @ 172.3 long

adjusted my tto for 1/2 my position to liquidate at +15,

unfortunately again i scewed the order sheet up and ended up adding

1 @ 189 long

so instead of getting out 1/2 my size I bought another order. wtf? that is a mistake I cannot believe I did. At that point I should have continued with my original plan and closed that extra order as it was a mistake. From now on I will not try to manage mistake orders, I will immediately close.

So I moved my stop and let this play out.

Some things to note, the point and figure formed a double top and the 1min 5/8 turned down. At either of those points I should have took the meager profit I had, or at the least 1/2 my size. Where the double top box occurred is exactly where if i was bearish i would have shorted, is exactly why i originaly had planned to exit 1/2 my size.

I took a break even on both.

Weekly performance questions

7 performance questions(wkly)

1. What will I improve on this week?
I will work on being a complete trader, specifically taking profits, taking losses early and my journal.

2. What was I most proud of this week?
I had a decent trade or few.

3. What was my biggest accomplishment this week?

4. What have I done to get closer to my lifes goals?
Put in the trading hours.

5. What was hard for me this week and why?
I am still working out my hardware/software problems

6 & 7. What was my biggest waste of time this week? What am I most ashamed of this week?
Letting a winner turn into a loser, cause I did not bag my pips and let the rest break even.

This week my focus will be on being the ideal trader. I will do my chart work, develop my trade plan, trade only my plan, lock in pips and set be. If I get a loser I will kill my trade at a reasonable level(max30pips), take a mental break and resume as each trade is just a small piece in the grand scheme of my total time trading. At the end of the week I will take the screenshots from each trade, print them up and then review them to relive each trade.