Update

Yes, I blew yet another account since the last update, all that +$13,000 went up in smoke over 2 days which is what happens when you trade without stop losses...!  Basically I haven't been updating this blog for the past 2 months as there's nothing good to report -- I've been stuck in neutral gear since then, it's like I've completely lost my touch of the markets and lost my trading mojo for the next 6 weeks.

Presently I've recapitalised the account with another $2,000 and obviously still in a fragile state I'm not wanting to lose that in a hurry.  My experience so far has shown it is possible to turn $2,000 into $13,000 quite quickly, but you really have to be selective in your trades.

At the moment, I'm doing more reading than trading, which can only be a good thing after going on such a wide ride.  Thinking more broadly about market sentiment and orderboard updates through news outlets like Forexlive.com, FXMA, MNI, Ransquawk....seeing how news &/or rumour filtering out throughout the day affect the market, thinking a bit more about trader expectations in relation to these events, thinking about orderflow and liquidity issues and basically trying to get into what is described as the orderflow mindset -- an ever elusive concept.

For example, today I took a simple 30 pips gunning the stops beyond the well-reported option barrier at 3700, which was due for expiry on Friday in 3 days.  I'd lost 30 pips yesterday making this play by the way, so the results netted off.  But the difference is that, once the barrier broke, thin markets resulted in a rush upwards to 3800, and offers eventuated near 3840-50.  Could have held on perhaps? But it's still a new experience to me.