pullback trade. scratch (after i got spiked out, it continued to run up).

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

found an entry on the 1hr charts at a TL break ... just trying for the free trade to the weekly break point.

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

a couple papertrades. one to test nel's "power bars" and another cuz ADX filtered me out of it ... 1st the power bar at a TL break. presently stop has been trailed to 1:1 ... [EDIT: now 2:1; final result 3:1 ...] 2nd was a std pullback trade ... ...

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

TL break; net 0.9% ... daily net is 2.8% which exceeds my daily goal of 2%. now the trick becomes exercising discipline and not start over-trading ...

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

market is slow. taking a break.

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

0.8% on a TL break ...

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

1st 5 min of the week was a winner. IB at pullback ... 1.1% had to fight thru the temptation to close it earlier against my rules when price started stalling & goofing around.

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

crap. missed an opp for the USDJPY to jump in long ... looking for a pullback on this one too, ... but found a potential entry for gold on the 4hr charts so we'll see.

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

watching these pairs for swing trading: USDCHF -- IB in daily; BUOB in weekly. the swiss is a bit of a mess, but if i can get a clean set-up off the lower TF's i might take a shot at a free trade for a push up ... i just a missed an opportunity from ...

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

worked on my written trading plan/rules over the weekend revising it to include the PN MACD trick & my ADX rule for avoiding chop. oanda's spreads are presently at 10 pips for the EURUSD so only papertrading this (waiting for end of golf tourney so ...

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

"You Know You've Got It Bad When" ... in other words ... you dont get out much ...

You Know You've Got It Bad When:

hello bill. thank you for your post. im no where near qualified to give advice on anything trading related (and that is definitely not the point of this journal), but a few things came to mind when i read your post. take some time to ponder ...

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

next week i want to focus on my discipline re over-trading ... that includes using set trading hours & daily profit goals ... i have been trading as much as i have time for lately w/o any limits but primarily for the screen time & to flush out as ...

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

triggered then stopped out b/f it turned around to go in my direction. this happened on the kiwi too earlier this week. update on the GBPJPY & EURJPY ... GBPJPY stopped out at b/e on the remaining 1/2. EURJPY still open & sideways. im presently up ...

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

time stopped.

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

managed to stay disciplined and stay out of the market most of yesterday and this morning. even a blind squirrel huh? PF for the week on the 5mins was 2.4. pretty amazing for me. it's funny how lack-luster i actually feel about it.

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

both triggered. GBPJPY ran up to 1:1 and i moved SL to b/e. EURJPY didn't quite make it to 1:1 so i'll prolly just have to leave it & see what happens by the morning. noticed i screwed up my SL's & position size for both of these trades so ended up ...

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

found a decent TL break out trade ... trailed my stop as per the plan to the 1:1 level; after a power bar formed & i thought things looked good, price shot up taking my stop out before continuing short & breaking below the power bar reaching nearly ...

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

you subscribed to the thread ...

You Know You've Got It Bad When:

just a crappy nite of trading. chart is the general theme for the evening. took 3 trades earlier .. 1st 2 were losses & the last a scratch so i threw up the old ADX & voila! garbage market.

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