started having those "gotta get it back feelings" soooo to distract myself from that disasterous temptation, i reviewed the trades i took this morning. the first entry was fine. however, the entry was right at the 100% mark (i would prefer the entry ...

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

oh, sure. now it goes down. definitely on tilt at this point. when does the "re-group" happen?

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

just cuz im feeling pissy. WTF?

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

yup, im getting creamed and i made a mistake on my position sizing having suffered a 2.4% loss on that trade (my rule is never to risk more than 2% on any one trade ... ouch) just for fun, i jumped in short again. the wheels have completely come off ...

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

well, here's the rat's nest i found myself in this morning (and still in it ... uggh). followed the rules of my trading method, so that's life in the big city. jumped in at the end of this DBHLC & TSL to just above the 61.8 level. market took me out ...

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

well, i found one to trade, but i bailed early again (the "x"). net 0.7% gain on the trade. single line at 100% is where my stop was trailed b/f price jumped up (risk was 2.2. pips at that point)

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

even if i hadn't jumped out of that trade just before the 162% mark & instead elected to TSL to the 100%, the reversal was apparent by virtue of the pin bar running into the demark TL break which also corresponded w/ a new swing fib 62% level for ...

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

used my revised system to trade gold. made a very quick 1.3% before it turned around & went back up again. very much against the trend, but the signal said go & i did. jumped out just in time too. however, this trade doesn't count toward my goal ...

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

if i can keep consistent w/ my trading, i could reach 1 of my 2 goals before going live w/in 3 weeks.

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

for future reference and data mining ... ended up reaching 262% w/o hitting my TSL.

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

this morning's trades netted me 2.6%. woohoo. i took after a crossover & a TL break & off a beob which happened to correspond nicely w/ the 62% level. during the trade, new swings were formed & adjusted the fib levels & my TSL accordingly. had ...

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

2 more trades taken tonite. bailed on both too early due to me being distracted. nevertheless, my net gain on both was 1.2% ... however, had i not been distracted, would have been approx. an extra 2.5% net gain ... okay, no worries. [reference my ...

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

here was a no trade. nice way to keep me out of trouble. MA crossover, but did not reach 62% so no entry point.

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

4 pips from 262%. gonna close it here cuz i have to run out & cant manage the trade anymore. entry 2608; exit 2567. total pips 41 pips. 4% net profit. so far so good w/ this revision to my system. interesting that yesterday's low was 2562.

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

just hit the 162% level of that fib swing level. moving TSL to 2590 ....

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

here's the new swing/fib levels ... moved TSL to 2596 which means i have locked in 12 pips (which is about 1%) ... (entry was 2608 ... 2 pips below the 68.2% line).

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

so Van Tharp's book really got me thinking (again) about letting my profits run/cutting my losses short. also been thinking mucho about how much trading is more about having a disciplined approach than the holy-grail-of-all-holy-grail systems (all ...

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

last nite was kind of hit & miss (mostly miss), but was a good chance to get in the groove. one thing i did well was not overreacting to losses & remaining confident in my system. today, was better. discovered even more clarity in how i think i need ...

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

hmmm. go figure. oanda added a trailing stop feature to its platform.

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

the blog continues ... — back from month-long vacation [northern california (humboldt county & up) & the oregon coast are my new favorite places]. fantastic trip (we drove through a tree!!), but still glad to be back home. did very little ...

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