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fxgrinder replied Mar 5, 2009so much for that. i was taking a lil' nap when i got stopped out & missed the opp for the re-entry ... which would have put me a b/e anyway.
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 2009s/r trade. time my entry off a small swing for an earlier spot & to save a bit of spread. looking for price to drop to 2530-ish. while typing this, i was adjusting my stop from 2580 to the swing high when price dropped to the 50 level so instead ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 20092nd trade netted +0.5%. IB after TL break w/ crossover. trailed my stop using significant new PA signal & a new swing level, but then i also adjusted the RR. this proved t/b negative to the bottom line (approx. 0.8%). so, RR will be left at the ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 20091st trade taken today loser. 0.5%. trailed stops. nothing in particular wrong w/ it, just didn't work.
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 2009TSL via the 5 min RR method. was able to reduce risk in 1/2 & then to b/e. when price reached the 2575 support marker i took the profits. i was very tempted to just leave it at the b/e mark & use my free trade to try for YL's as a target & simply go ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 2009one last hoo-rah b/f i retire. a little momentum/SH trend trade short at the pullback off the IB to 2575-ish. good luck to me.
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 2009those london exchangers sure are a tough lot. got in at #1, was going great & i trailed stop to each new swing high. unfortunately the market shook me out of it. very small loss. no problem, but then, i completely missed the re-entry opp off the ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 5, 2009hello poss & pipsqueak & anyone else that might be able to help. i was just about to create a new thread when i came across this one. i have been using a demark indicator using fractals for creating the TL's instead of the traditional demark ...
Willing to build a Fractal Trendline EA
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fxgrinder replied Mar 4, 2009i was staring at this when it broke the TL ... then when it passed my final entry point (2600) ... all the while saying, "i'll wait for the retracement." 30 pips later and im, uhhhhh, doh!
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009i love how oanda rips me on a few pennies each and every trade where my SL is at b/e ... long or short. quite the racket really, a few pennies here and a few pennies there (i thought it was interest, but it's not even close to what they have been ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009quad bottom that broke off support level. price shot down & SL was moved to b/e off the first bar. i suspect i might be shaken out of this b/c the retracement & re-test of support will be near my b/e level. EDIT: yup. scratch.
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009pullback trade taken. got out at 3:1 (reward to risk) or 1.2%. had i continued to trail could have reached 5:1 or another 0.8%.
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009got nervous and jumped out a b/e. didn't let the market take me out so violated rule #2 ... again. the market never would have taken me out & price may actually reach 2619. regardless. not following the rules is costly in the long run ... please ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009price bounced off new support level/range below 2600. found a bullish engulfing candle at a TL break and entered there. (really should have been in a lot earlier ... 2600 looked better, and i would already be at b/e ... okay, woulda-coulda). anyway, ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009jumped back in on the pullback. we'll see how this goes after that nice run down. entered at 2612 (after slip & spread). ran down pretty fast after i entered & moved SL to b/e, but looks like its gonna shake me out of it. i was sooooo tempted to ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 2009trailed to 2610 ... it is so amateur-ish for me to feel so happy this trade worked out. just stopped out while typing this at 2610.
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 4, 20091st and only trade so far today. jumped in after the bounce off resistance at 2650. set a 20 pip S/L and went for a nice hike & came back to find it had moved in my favour. moved SL to b/e. then it moved down another 10 and i locked in 10 pips (no ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 3, 2009missed 2 opps while reading elder's book. bounce from resistance could have been 10 pips. bounce from support following could have presently been locked in at +20 pips (that is of course if i followed the plan & kept the emotions out of it). ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 3, 2009crap. i decided to experiment w/ oanda's new trailing stop feature & i guess it literally trails the 20 pips from the instant the trade starts running or something like like that. unfortunately, i decided to jump back in where it got me out, ...
go live or bust ... diary of an fx live-trader-wannabe
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fxgrinder replied Mar 3, 20092 5 min trades taken (1 TL break & 1 pullback). 1st 0.6% gain. 2nd scratch (b/e). followed the rules on both (which was my main goal for these trades). placed a limit order for a little S-G trade from 2501. looking for 2521, then for a reversal ...
go live or bust ... diary of an fx live-trader-wannabe