and the broker's spread is not why i am a losing trader ... duh

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

well, true to oanda's reputation ... im out at break even ... uhhh, just shy of it since they took its pound of flesh by taking a few extra pennies ... did the market actually hit my b/e mark? no, but had i not left it at the true break even level ...

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

p.s. grinder ... you followed the rules on this one ... hooray!!

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

actually, there's another thread out there somewhere that begs the question ... to paraphrase ... why not just take a quick profit while all the while risking more in case of the dreaded (as Jacko would say) ... horror, i was wrong ... i read ...

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

too lazy to post a chart ... and, besides, it aint much to look at it (if charts are what floats your boat these days) ... i took a short ... it pooped around for a bit, but i stuck to my plan (to wit, ... to my guns) ... and sweated the dreaded ...

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

result would have been a 1% gain ... market chopped around after that.

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

she cashed. way to go. it was the bubble & i figured they would continue in the morning, but i guess they're going to play it thru finality ... as i checked the updates, i saw this set-up ... papertrade only.

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

... ended up working out in my favor for a change. (my exit 3912, market would have taken me out at 3902).

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

today's session was definitely an approvement ... im actually net positive 3.2% in the last 2 days & would have been net positive 5.8% w/o the now famous reversal trade earlier this evening ... if i take out some of the rule breaks & add in sunday ...

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

seconds after typing how i followed the rules for the first trade to a tee, i decided to manually close it for a 3.9% profit in light of the 2.6% loss i took on the reversal trade (never had a chance to adjust my position size & that was another ...

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

i think i could further filter these TL breaks by taking only those that will break beyond my 48MA (floating 4hr average) ... this would have saved the reversal trade i took since, despite the break of a 1-2-3, the price was traveling well above the ...

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

unfortunately, i took another signal that looked like a reversal ... that one is about to end up in a loss, but my first trade's SL didn't get triggered by oanda & is still running ... so, all the profit on the first good one is now eaten up by the ...

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

found myself a little trade ... was tough going for a while, but now im locked in for a few pips.

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

actually, had i stuck to the plan, i would be up 1.9% b/c the trade i took during tokyo was technically against my plan of action for the week ... groan

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

all this crying ... phew! i finally pulled off my first win for the week ... 1.9% net gain. (had i stuck to my rules, i'd be nearly break even so far, but im going to try not to fret about that ...)

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

as i typed the above post, i managed another trade that is presently at break even status ... the market is jumping all around so i might get shaken out of it.

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

ironically, im striving for consistency in my trading and discipline, but the only thing i seem to have any consistency w/ this week is lack of discipline ... i have repeatedly stressed as part of my trading methodology ... no trading during NY ...

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

i completely missed the boat this evening. for purposes of consistency & discipline, i've put the pullback trading on the backburner, but it sure would have come in handy tonite ... i sat down shortly b/f the HK open ... i tried a TL break that ...

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

as predicted, market shook me out of this one for a 2% loss ... ouch ... oh well ... when i entered it i was even thinking i might be in for a nice ride since the daily trend is up ... so much for the trend being my friend ...

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

this one i just took ... everything lined up nicely, but it's not working out ... usually, my stomach would be in knots at this point & i'd be wondering and scrambling to figure out where i went wrong, search for some indicator that could have ...

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