crap! i stepped away for a minute & missed this ... would have been good for 1.5-2%; spreads are now 1.5 spreads ... oh well, i cant stare at the screen non-stop ...

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

2 more during tokyo ... — ... that would have netted decent profits spread still 3, but surprisingly, volume held its own ... was distracted so i just papertraded.

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

doesn't get any easier ... another trade i passed on due to the spread & the fact i figured there was no volume due to the japan bank holiday ... (if i recall, i made this assumption on a previous japan bank holiday & trading was fine ... oh well) ...

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

MTF special — pins on 15, 30, 60 w/ a PL/RP on the 5 min; all breaking at 02 ... saw this one too late, however, oanda's spreads are 3 pips presently so im already behind 5 at the entry so i wouldn't have been too comfortable taking this one ...

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

here we gooooooo

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

plenty of opportunities to achieve an average 10 pip/1% per day goal & i didn't include all of them & i was really picky about the ADX lining up too where i could simply have relied on price action off the straddle ... just let the other 20-30 ...

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

this was another one where i would have to let go of the "price action" crutch; an otherwise easy 1.75%; thursday NY session final week is 13.375% (and that's even excluding some of them that were easy trades) ...

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

this trade occured during the wednesday kiwi open; i may or may not have caught this one b/c i typically take a break from trading at 100pm, but will include it here; it was a 2.1% trade ...

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

here are 2 trades at wednesday NY closing session ... the 1st one i needed to let go of the "price action" crutch & simply play the short off the pullback; the second was a little trickier, but short of the IB was a place to play the pullback, ...

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

it's the ADX that gives this away as being too tricky too trade (no real incline & couldn't get past 20) ... i do recall trading this area this week & getting my butt kicked ... no need to be in this mess ... [note: tokyo close/london open]

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

tuesday NY session 830am; another 1.75% at this point im at 10.5% w/ only a handful of trades for the week. there was another drop, but trades along here were difficult to gauge; the big tell is the 4hr not perfectly straddling the mid-bb ... there ...

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

monday NY close: 3 obvious trades; all worth 1.75% each; net so far ... & it's only monday ... is 7% ... done for the week including sunday's london trade makes the net so far 8.75%

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

monday NY session at about 830am ... this one was definitely straightforward & my back-testing data on the pip potential for NY trades would be 15+ pips ... total on this trade would have been 1.75%

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

london (1:00 a.m.) had one; 15 pips minimum ... this one doesn't need a lot of explanation, except that i do recognize where i would have been caught up trying to find some PB, IB, etc. that didn't show up until price had traveled up a bunch ... b/c ...

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

now for the real skinny on how my week ended in terms of net gain: drum roll ... i lost more of my gains, but did not lose all of them (from the goals account -- papertrade account is more or less status quo) ... what did i do wrong? better question ...

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

okay, i confess. last week i traded price action off the EURAUD weekly chart ... got so wrapped up in trading the EURUSD, that i completely forgot to check on it ... when it did, price had shot up 700 pips & retraced back to 500 ... i took 1/2 my ...

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

made an assumption the market had nothing to give me & missed these ... here it is again ... pretty easy bounce off mid-BB w/ clear sailing signal from 4hr ... good for 20+ if i missed 2, could catch it on 3 after the ADX.x.EPR creates BEOB; good ...

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

learnt a lot today about spooky markets & not to get involved. trading partner did call out a BUOB near the opening of the euro markets & i tried it, but it kept me guessing for a while b/f i finally took 1/2 at 5 pips & set the rest to b/e ... ...

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

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

same crappy market, but ... — this one did fit all the rules ... BUOB; counter-straddle that closed beyond 15min & 30min MA's ... i know from the prior trade that ADX indicated bearish momentum exhausted & the DM traveled below the prior ...

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