another loser. unusually choppy market for a sunday. im typically able to pull off a decent trade or 2 on sundays, but not tonite. gonna see what HK open has in store and then pack it in.

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

touchdown ... Colts came right back with another. think the market is watching the superbowl ... very rangy after Friday's festivities. nevertheless, im in the business of emotion-free trading tonite and i press on. RP; market failed to make a ...

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

holy crap. The Who on the half-time show ... then the Saints come storming onto the field and kick an on-side kick and get the ball!!! how cool. go Brees! go Saints!!!

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

ya, this one is a loser. overall, i would rate my entry as a D+ (entries off spinning tops in the middle of a mess not so great) ... the rest of the set-up and discipline i would give myself an A. after this one is stopped out, my next hurdle is to ...

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

first trade using 10:1 ... oh boy. saw the mini-pin that formed a type of 2-bar spinning top (i think that's what it's called) ... watched price to break the low of that 2-bar pattern; price actually shot up first, then reversed and sailed down and ...

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

over the weekend i sat down and considered the proposed regulation re reducing leverage to 10:1 ... i figured that if the last 30 years or more were any example, this one will get added to the laundry list of other ways the government thinks it's a ...

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

CONSISTENCY and FLAWED EXECUTION ... went through and wrote out some new rules to follow for each trade (while the week is still fresh in my mind). very basic/beginner type stuff that should help me work out the kinks from problems 4 and 5 ... not ...

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

i woke up to find our dog got sick --- and by sick, i mean he shit ALL over the house and walked through it several times --- good times around here ... seems like a wonderful day for introspection on my trading efforts over the last .... drum roll ...

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

tonite is a "bust" ... pun intended. crappy session, but in my defense i am still just getting my feet wet after my 6-month break. i am undaunted and maintain positive thoughts that i can get a handle on trading so that i eventually will earn a few ...

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

poop. market dipped only a few pips below the b/e SL before shooting back up to where it was and beyond. uggh. got scared and didn't trade the plan -- again.

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

fine ... i confess ... moved SL to break even as i do not see the sense in letting this one go negative after being up 20 pips and price is forming an RP on the 5 min

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

im back in the pool. hammer/pin at the bottom of the latest spike/drop. feels like a "gap" (i.e., market might undo it ...); regardless, im in long from the 5 min. will take 1/2 off at the hourly "entry" off the pin & see if price will run back up ...

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

well, that was short lived ... jumped into a similar set-up for EURJPY and the price spiked and i was out losing everything i just made & a bit. sigh. well, i followed the rules. nothing else to say about this one except i will try not to dwell on ...

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

tokyo open ... 4-bar price action forming and outside bar/RP of sorts. jump in off the doji on the 5 min. at 1:1 on 5 min took 1/2 off and let the other run to 3:1 on the rest of my bet. my original plan was to let it run up to 90.19 before taking ...

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

can't find anything tonite. over it. shutting down. nothing gained. nothing lost.

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

bullish outside bar formed on the hourly & i figured i was in great shape, but the market decided to reverse course & im staring at a potential RP on the 30 min against the direction of my trade ... im closing this out (1 pip away from my break ...

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

i screwed up on my order entry somewhere. my initial order shows 8730 as the SL, but when i went to trail the SL to my b/e point, i found the SL already at that level. luckily, oanda (true to its "reliability") did not honor the SL at 38, so im ...

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

EURGBP - post eur/uk session — here's a set-up i found after europe & london closed up leaving only NY market open. with EUR & GBP "trader" volumes, i figured that with the double the pip value, with only a few pips, i can fair well if my ...

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

nice set-up off a RP from hourly chart ... entered on 5 minute price action for best RR. my entry was 62 & planned to exit at 50. sailed down in my favor, but when i was up 7 pips, hit the panic button instead of seeing it thru to the 50 mark (which ...

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

simple entry w/ good RR ... not sure where my head was at. the choppy way it was trading perhaps got me side-tracked from just trading the signal as outlined by my own rules. NY & i go way back w/ this type of thing. asia has had no trade-able ...

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