Forex Trading Thoughts and....

During an incredibly slow Asian session I was fortunate enough to find this little nugget. A nice short entry off a lower high at the weekly high. Inside bar on the 5m chart was my signal. Price sat there not moving for nearly three minutes then dropped very quickly.

The change of hours to the Asian session has worked out well so far. This trade was initiated just minutes after the Asian open. To be honest, when the large drop happened just prior to the open I was a bit dismayed thinking I may have missed the start of the next leg down. But then price found a bit of support. I looked for another test of the now previous day's low, found it and along with extra confidence from the divergence on the 5-min RSI, the trade was entered into. It traveled nicely up to the daily pivot at 127.20 and then a bit past it.

Fairly simple trade. Waited for Japan to come online, bringing with it better liquidity and lower spreads. 129.00 was busted and re-tested on a pullback which is where I jumped in with a short entry at 128.95. Price moved quickly in my favor. I did leave about 20 pips on the table, but price was in RSI oversold zone when the 5-min inside bar formed near 128.50. Exited the position for +45.

I've been having a tough go at trading as of late and by this I mean the two weeks have been break even trading. Up,down, down, up, down, up, etc. No gain at all. What to do about it? Review the trade logs and daily journal. What's changed? Is it me? Has the market subtly shifted away from my strategy? The one thing that sticks out is a progressing lack of sleep during the week. The pattern is something like this: I arrive the screens on Sunday evening totally refreshed from two days of rest and a good eight hours of sleep each night. I work late into the evening, maybe 2:00am trading as much of the London session as possible for me. I get about 6-7 hours of sleep. Monday I trade from 6:00pm until 1:00am and I'm zonked. I get about 5-1/2 to 6 hours of sleep. At this point on Tuesday I'm really tired and make sure to take a nap in the afternoon. The nap lasts about an hour. I start trading at 6:30pm and finish at 12:30am when I am whooped. I notice that even though I tak

Actually had a couple of profitable trades this session. This was the best. Price action was difficult at best and I was fortunate to get on board for this pop higher.

I made a critical analytical error on my geppy charts by not realizing the hourly fib levels were not updated. Had the fib levels been updated, my analysis would have been to take a long position. I can't win 'em all, but I certainly will try to.