Thursday, March 26, 2009

JPY/USD



Was aware of the rounding of pace and extended 3rd leg down in the pattern but took it anyway. 9 tick loss.

Can't say I'm enjoying this drawdown! But the fact that it's well within the limits of appropriate risk for my account size is comforting. I also know that it's a mental drawdown as opposed to a system drawdown...

Will continue for awhile but, if I find myself doing any of the craziness of this month over the next few trades, I'll need to take a break to re-ignite the discipline and objectivity in my analysis that got me this far in the first place.

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