the only "DIBS" trade that held (jumped in off the double high, but technically there was an IB 3 bars behind it ... and actually i would have had to make 2 passes at it) ... was the USDCHF trade i took. presently up 70+ pips. the 1/2 was taken out ...

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

well, that turned into a 4.9% trade according to a very black & white version of my "system" (i.e, nothing fancy) ...

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

managed to manage the DIBS trades, but too much going on to keep up w/ updating the journal/log ... presently in the black on the USDCHF & long the GBPJPY ... net is in the red for the evening, but that is completely irrelevant for this system as i ...

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

hmmm. overall good EUR news, except for really bad current account news ... created short EURUSD ... shrug.

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

missed a Phillip Nel Power Bar off a TL break for roughly 2.7% ... just watched it drop wondering if i should trade it ... ah ... at least im still in the black.

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

GBPUSD meets DIBS experiment didnt work ... GBPJPY was stopped out as well. (duh, it's an "up" day & i went long b/c the break was below the open (i.e., incongruent) ...

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

yay! caught a pullback. short. nice b/c the GBPUSD's BEOB gave me a little confidence to pull the trigger. net gain 1.5%. i did bail at the 00 level, but i was thinking about how i would feel if i had real money on the line. (which made me think ...

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

triggered.

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

nothing happens on the 5 minute, then i spend a few minutes setting up some DIBS-type trades & bam ... pullback & it runs down where i would be locked in for 1.4% ... this could be a preface reaction to the string of releases coming out, but ...

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

these both have triggered ... good luck to me.

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

couple of trades taken off the hourly charts. still a bit confused on the "hot hand"/up day/down day DIBS theory as presented by PC & i cant decipher anything from the DIBS continued thread as there are trades being taken all over the place over ...

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

there is a bunch of EUR & GBP news coming out starting in about an hour so maybe this is the reason so choppy/volatile.

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

funky market tonite. 2 trades. 1 pullback trade for a quick 0.5% loss. 1 TL break for a 0.2% gain (basically a scratch).

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

haven't found anything to trade from HK open thru aussie close ... very choppy session. however, i think this speaks well of my discipline since there were a couple of "set-ups" that tempted me, but i resisted.

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

okay, only b/c i deserve this one .... lack of focus cost me 2 trades (very obvious set-ups) ... 5.8% impulse/revenge trade cost me 2.2% ... the 1% i lost by not following thru once i decided to take the trade & 1.2% potential gain had i exercised a ...

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

ended the session w/ a net gain of 1.4% ... how did i blow my cozy 2.3% ... well, i lost focus & became distracted by all that "hot hand" jazz while waiting for another set-up. then, when i re-focused i saw a set-up that just as i clicked to get ...

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

crap, distracted by this hot hand stuff & missed an A-B-C pullback that so far was good to lock in 1.4% so far. groan. [EDIT: make that 3.4% ARRRRRGGGGGHHHH]

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

EURUSD opened at 3649 on 0600GMT on 3/20/09 ... today's session it opened at 3657 ... doesn't seem like the hot hand ... GBPUSD opened at 4446 ... today, 4522 USDCHF opened at 1227, today 1235 USDJPY opened at 9459, today 9618 GBPJPY opened at ...

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

did a "Kelly Criterion" analysis on the last 60 trades & my "W" was 0.5 (that is considered okay) ... & my "R" 1.1 (also considered okay -- less than 1 is not ideal). lots of mistakes were made in those trades & i have learnt a bunch about many ...

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

3 more 5 min trades taken. 1 ended in a scratch which was a total salvage play on my part after a non-A+ set-up. the set-up was a TL break, but there was no good 1-2-3 to use for the range ... i ended up finessing it until i could get myself back in ...

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