market performed as expected this week w/ the NFP and other stuff ... i simply took the rest of the week off ...

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

0.7% loser

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

found a TL break (short which flows w/ the 2-day pin) ... market been sideways for a very long time, but i just set it up according to the plan, set & trailed my stop losses accordingly & kept myself away from trying to tinker too much w/ it ... ...

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

out w/ 3 pips profit ... how funny ... i did not however, do anything stupid like try and manage this one to get more out of it ... just closed it and time to move on from that mess.

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

remember this little beauty? i simply took a page from my bird watching days and left it ... not w/ the trend, but the market is traveling in a range ... instead of nearly 200 pips in the red im only 20 pips or less in the red at this point ... ...

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

well, i was a grown up trader tonite (mostly) ... 2 trades ... one was a 1.6% gain off a TL break (HA!! I WAS W/ THE TREND SO PISS ON IT) ... next was another TL break ... sigh, not w/ the trend for a 1% loss ... however, i did stick w/ the plan and ...

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

well, last nite was definitely a learning experience ... nothing good to report in the account balance increasing department by any means ... tried a TL break where price failed to make a lower-low, and made a higher-low (and even w/ the trend to ...

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

well, that's it for me. i missed the latest burst up ... my system (w/ it's admitted limitations ... remembering that they all do) did not have a signal for entry, but i swear had i simply just looked over at my oanda bare chart & given the strength ...

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

well, the market open at 11pm burst my bubble on the short i was in ... net gain 0.6% ... here's the chart of the 2 TL breaks i took. "1" was where i set my SL too tight (should have been placed at the star i drew on there). "2" was the one that ...

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

1st trade (the TL break long) ... is finished for a 1% net gain (i was surprised by the 1% thing since the other 1/2 of the trade stopped out above break even, but i made a mistake when i took 1/2 the position off b/c it was not at the 1R level ... ...

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

tried adding to my position by taking another pullback, but i ended up closing it and reversing that position upon a TL break to the short side (these taken on sub-account) ... unfortunately, my SL was too tight and the market shook me out of that ...

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

HOORAY!! i pulled the trigger ... TL break, confirmed by the HL & MACD histogram (24&48MA's) rising & above the 12 signal line .. also nice was the move was in line was the prior week's bullish run this trade was a piece of cake in terms of managing ...

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

the ole' PTTI struck again last nite which was a complication of the ole' the-market-cant-possibly-go-any-higher disease ... nothing ventured, nothing gained ... secured part-time employment today ... oh boy has the past 3 years of forex R&D paid ...

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

here's another screenshot of the trading from last nite ... 1 is another post-mortem look at the trade i bailed on (it was around there somewhere) ... so, the good news is the market hit the 00 level nearly effortlessly ... and by effortlessly, i ...

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

market pulled back & i jumped in; sad b/c my entry was 3855 ... errrr ... anyway, moving on ... took 1/2 off at the old FE 100% level ... gonna leave it as a pure PeterCrowns-free-trade (to wit, leaving my stop loss where it was) and aim for FE100% ...

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

ah the frustration of the forex ... entered the market on the pin bar that formed at support level forming double bottom ... market was skiddish & was knocking me all over the place so i got scared & bailed at b/e seconds before the market players ...

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

my usual turkey move ... over-analysis paralysis ... then, when i fought such emotions and was trying to click an order, oanda was it's usual horrible platform ... real issues w/ it's platform for the last couple of days ... very slow in clicking ...

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

my final trade of the evening was a scratch. i entered early against my rules. it screwed around for who knows how long ... & in the negative. finally, i set my exit to break-even and said enuf was enuf & packed it in. today, i got up and looked at ...

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

after the above diversion, i placed a trade using 3 rules ... fractal above 12MA ribbon (H, L, C) & MACD rising & above signal line ... planted a fib extension on the 1-2-3 pattern the trade was essentially derived from, hit buy & set a TP level at ...

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

goofy thing happened while i became impatient waiting for a decent set-up (which passed me by while i was distracted by the goofy thing ...) ... i read about arbitrage ... this compelled me to "experiment" w/ such a concept ... oh boy ... well, i ...

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