“A country may be governed with justice,

And a war may be won with cunning,

But people can only be mastered by following them.

How can this be known?

By looking!

The more people are controlled, the poorer they become;

The poorer they become, the more restless they get;

the more restless they get, the more forcefully they are restrained.

 When people are forcefully restrained, their defiance becomes ingenious.

And the more ingenious their defiance, the stranger are the things that happen.

 Now when strange things begin to happen, laws and regulations become stricter;

Then stricter laws and regulations mean more criminals and fugitives.

Soon everyone is either a criminal or a fugitive,

And no one can untangle the mess.

 Therefore,

The sage does nothing and people govern themselves,

Provokes no one and people are peaceful,

Does not interfere and people prosper,

Is without desire and people fulfill themselves.

The more people are controlled, the less contented they become.

But when will leaders understand the significance of this?”

– Lao Tzu, tr. Ray Grigg; stanza 57-58 (trad.), 20-21 (MaWangTui)

EUR/JPY !  -45pips

Got stopped out on retracement before rise continued.

Stop was clearly to tight.

GPB/USD ! -50pips

Stopped Out

AUD/USD! -40pips

Stopped Out

USD/CAD

Ran up to +57 pip ,then was stopped out for +1 pip ;)

Overall performance for my first bloggin’ week

=  minus 179 pips.

Btw my Wheat position was also stopped out for a loss of around 62$.

But i won`t count that for now as i am still experimenting with the various softs,grains and meats. I will handle them in separate post in the future!

Only Gold,Silver,Crude and Currencies are those which i want to log with this blogproject.

Also i am working on some other enhancements on the blog and some “design” add ons & fixes will come too.

This blog is a continual work in progress and i am still pretty green in the blogosphere. But i think i learn pretty fast ;)

Beginning next week i will start to link an 50k demo account on a separate page and begin to exactly define position sizes for the Stop Loss Size.

Until now i always entered only 1 lot without regard to stop size/volatility of a pair.   But for a better and detailed record of my learning advancements this should prove much more viable.

Also in real trading, position sizing a.k.a Money& Risk Management is the basis for successful foreign exchange.

Could brag the whole night ;) will stop now!

Have a good one!