series of price action hinting at tradeable opps. 1st there was the pin bar, but these are so fickle, i refuse to trade them w/o strong supporting evidence ... here, against the trend, no TL break, no break of the hourly MA ... funny, price did ...

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

here's the actual entries & exits for the above 3 trades.

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

still thinking about the exit dilemma. my entries are becoming increasingly reliable in generating trades that will yield 10+ pips ... but my exit strategy is still inconsistent. i am taking a bunch of scratches on trades that have run up 10, moving ...

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

tried another one ... missed jumping in off the low of the price action at (1) [the needing picture perfect bar shapes got in my way again instead of just relying on the price action] ... found a "pattern" w/ the TBL/IB & jumped in there (2) ... got ...

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

NY close ... gotta grow some one of these days ... missed (1) b/c i made an assumption about the market being slow, blah blah; if that was the case, why did i bother turning on my screens? was a great breakout set-up, oanda's spreads were ...

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

missed taking the break off this bar after the pullback at "1" (part of my hang-up over trading only off pins, IB's, etc.), but spotted the IB at "2" & jumped in. closed out the trade at 1:1 (2.1%) ... price did run up to give me 2 to 1 on my money, ...

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

i am such a dope sometimes; i sat patiently waiting for the appropriate time to play this break; stood up for one second to check something out on t.v. and found price had already broke thru my 91 entry; instead of entering at an earlier support ...

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

not sure why i 2nd-guessed myself out of taking this trade ... pin bar w/ the trend, same deal as last night ... i think it was the TL break that had me nervous ... would have gotten 2 to 1 on my money ... even if it was prudent to pass on it, the ...

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

just for fun: here were sunday's trades (caught the last one, but not the 1st 3 b/c i decided to watch t.v. instead buying into the "holiday means no-trading/slow-trading assumption") Kiwi close: BUOB off serious TL break after consolidation Aussie ...

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

seems like the so-called holiday trading fever is hit & miss, but these were great set-ups ... was messing w/ the 1st one when the power went out & the 2nd was spotted after-the-fact since the power was still out. NY close: IB w/ trend at a pullback ...

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

wow! what great timing for me to get interested in jacko's thread.

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

review this thread over the holidays (instead of messing where i shouldn't be messing ... haha ... like i did this morning). http://www.forexfactory.com/showthread.php?t=27286&referrerid=24

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

oops, broke my rules (a little greed in my subconscious or something? yikes) ... double IB at a TL break ... according to what i've read about trading the double IB pattern, best to trade off the 1st bar and that was incorporated into my written ...

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

ah-HA! good set-up (TBL/IB & TL break) & oanda not frozen. closed trade at the end of the price spike. 2.2% on this one.

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

oanda sucks sage continues ... its platform froze right when i tried to enter an order for this BEOB & TL break ... typical. resorted to papertrading. successful trade. i was really patient in waiting for this break & didn't get caught up in all the ...

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

sunday trading ... consistently reliable if good set-ups are spotted. saw this DBLHC w/ the trend (30min/60min), including a break of the TL & break of the s/r level; initial risk was 20 pips (used prior swing low as the SL) ... spread was a beauty, ...

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

wow! i am really impressed by the comprehensive-ness of this free article. url

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

maybe this refers more to the scaling out of risk than it does to the position? hmmm. could it be possible that i am a slow learner?

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

HA! re-read another article by chuck lebeau about channel exits ... i am going to forward test the suggested spin of the vanilla version of this channel exit (as suggested by lebeau) and will coin it the "accelerated" channel exit (ACE). it seems to ...

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

the answer may lie b/w the lines in this article i found, which is: i think there may be a way to figure this out or there may not be a way to figure this out, but taking profits in this manner might be too simplistic & limit the net gain ... it ...

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