DIBS meets daily for the EURJPY today ... dancing around the entry point so far, but entry on "support" & a pin so we'll see.

go live or bust ... diary of an fx live-trader-wannabe

... for the DIBS trade, i saw another IB for a re-entry into my EURUSD long but passed b/c ??? anyway, this morning i see i would have gotten my free trade out of it and still be in. the market couldn't reach prior recent low at 3931-ish & right ...

go live or bust ... diary of an fx live-trader-wannabe

last one ... another positive trade (this makes 6 in a row for me -- something i have never accomplished) passed on the pullback as i was nervous about "support" (4hr chart is interesting -- and im sorta bullish just on instinct --- short term only) ...

go live or bust ... diary of an fx live-trader-wannabe

support and resistance: such an arbitrary and fickle concept ...

go live or bust ... diary of an fx live-trader-wannabe

... it did check-up & continue short as i guessed. i re-entered the order prior to this and second-guessed myself for a second time and hit cancel on it shortly before the drop; oh well

go live or bust ... diary of an fx live-trader-wannabe

wow ... look at me go. pulled the trigger on this TL break & got my 10 pips or 0.8%; 2 in a row. decided to get out at the support level (using 162% as a target). at this point im net 0.7% to the good for the week so im not sure whether i will ...

go live or bust ... diary of an fx live-trader-wannabe

nope ... next

go live or bust ... diary of an fx live-trader-wannabe

also have tried a few modified DIBS trades E/U long (first attempt); fail E/U long (2nd attempt); almost have my free trade G/U long; have my free trade -- hope it holds until tomorrow G/J short; canceled -- think it needs to check up more before ...

go live or bust ... diary of an fx live-trader-wannabe

off to a good start. pullback for 9 pips. basic stuff. decided to use the max units available under my 10:1 leverage setting & netted 0.7%.

go live or bust ... diary of an fx live-trader-wannabe

packing it in. passed on the next pullback. tired & im positive 21 pips with 3 + trades in a row & do not want to press my luck. [as an after thought ... i suppose if i would have pulled the trigger on the first TL break opp & had followed it thru ...

go live or bust ... diary of an fx live-trader-wannabe

disappointing efforts tonite. A. i turned on my computer & saw this pullback, but did not trade it b/c it wasn't 11pm yet. not completely rational. fine. missed opp. next B. TL break after a cluster of orders; i was poised to enter this trade, but ...

go live or bust ... diary of an fx live-trader-wannabe

go figure. i switch to eur/UK session & the trading is crappy 2 days in a row. oh well. appears there is a bunch of news coming out in 15 mins and im at my session SL of 20- pips (or 1%) after the last failed pullback. c'est la vie. better luck ...

go live or bust ... diary of an fx live-trader-wannabe

uggh ... bonehead move. tried a CT trade w/ zero confirming anything ... went against me from the start -- panicked and jumped out before it cleared the swing. 0.3% loss.

go live or bust ... diary of an fx live-trader-wannabe

... too bad. :-(

go live or bust ... diary of an fx live-trader-wannabe

2nd trade was another loser; another pullback; -0.3% missed the 3rd entry (another pullback), but would have been a b/e 4th entry (TL break w/ a nice triple bottom for support break-out) was positive 7.1 pips for gain of 0.3%; decided to jump out ...

go live or bust ... diary of an fx live-trader-wannabe

first trade = loser pullback; wasn't thrilled about it since it formed after an RP w/ divergence. oh well. only 0.3% loss

go live or bust ... diary of an fx live-trader-wannabe

here we go ... things i'd to improve on from last nite: implement nel's rule of 6; i.e., if i bag 6 pips, never let trade fall below break even on the way to 10 either get my 10 or, if TSL, not give back more than 5 if it reaches 10

go live or bust ... diary of an fx live-trader-wannabe

3 more: pullback; failed in the first bar; -12.3 pips pullback; re-try off new bar; went sideways for several bars; TL break & i was out; -7.1 pips TL break; decent trade; exited at 162% fib/100 level; 7 pips not a stellar performance pip-wise, but ...

go live or bust ... diary of an fx live-trader-wannabe

3 trades so far. stuck to the schedule about trading 11pm thru london open. was temptation to trade earlier as there was some nice set-ups, but i dont want to trade 900 hours a day. TL break off a nice break-out pattern; max dist. 6.5; out on ...

go live or bust ... diary of an fx live-trader-wannabe

congratulations Canada!!

go live or bust ... diary of an fx live-trader-wannabe