manual exit review — took this one off the BEOB ... followed an ADX.x.EPR w/ the straddle ... ADX had not quite entered the mid-DM's, but was beginning to rise; also, bears are gaining strength (see, 1, 2, 3, 4) ... however, i was aware there ...

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

trying to be a hero picking an early breakout/straddle play got me into a mess; ADX showed price action was nothing but chop chop chop ... (didn't i just post a similar pattern a few posts ago? ... brain malfunction ...) going long when the bulls ...

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

saw this quad top (5 if you count the 1st one that was w/in 2 pips) just as i was getting up to go hiking; everything looked good except for the volume is usually flat after NY closes & only minor markets open; also, the ADX just crossed which could ...

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

saw this BUOB & thought it could have some potential ... however, the range of the bar was 25 ... which means i am likely to be in for some correction if/when it breaks ... decided to take it as a PT; ADX looked alright; & it did in fact correct ...

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

it's good to know when to stand aside ... especially when it's as simple & obvious as this.

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

okay, well, im certainly not focused this morning ... passed on the 1st one b/c ADX falling after the flat zone & bears strength continued to show signs of further weakening; however, by the 2nd price action pattern (hammer/star/pin thing) ... there ...

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

oops ... took the short off this one ... dumb; 1st, the range of the bar was greater than 20 (my max SL for each trade is only 20) & bars w/ ranges greater than 30 tend to indicate exhaustion (correction likely to occur); next, the ADX is no longer ...

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

almost wimped out again & took this on PA acct ... but then i realized it was a good set-up & switched to my goals acct ... 10 pips on 1/2; balance b/e ... woohoo! 1st trade today ... 0.35% -- i'll take it.

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

here's another one ...

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

well, okay, i saw this one ... these are the one's i should wait for really cuz they are so easy ... 10, 20, 10 (PT acct) look at the chart turkey ... you could trade this one.

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

i think im just too beat to deal w/ it so that's it ... im more and more convinced emotions really do influence trading much more than a TF or a trading system ... after all, randomness is randomness, but probabilities usually have more weight in ...

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

just off my game (if i had any) ... too many negative threads got in my way & other negatives ... anyway, i stayed away from my goals account & stuck to papertrading during this rollercoaster ... but, another one of these price action patterns i ...

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

here's one of those set-ups i keep thinking about adding to the list of tradeable price action set-ups. strong price action (TBL/mirror) that tested resistance & closed below it & a bounce off the upper band/4hr MA by the 3/6/12 MA's; ADX is ...

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

distraction caused me to miss this one missed 1, so took this one instead ... loser nice continuation straddle play; 8, 20, 10; the only problem is i was on the phone & distracted so i took this on PT acct & another one; still pretty distracted; PA ...

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

make that -1% & 4% ...

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

true papertrade (no confidence b/c ADX has risen above 50 at this point & DM has breached the valley again) ... long off 3rd BUOB; straddle in place ... entry 94; initial SL 64; TSL 72 stopped out; it's good to have rules ...

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

so far, -0.5% on GA & 2.77% on PT

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

caught this buob for 16, 19, 27 on my goals acct; great trade took the next buob on the PT act b/c i made assumptions about the market again (my favourite ... it cant go any higher ... kind of dumb since i had also been thinking about a potential ...

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

took the break of the TBH/mirror, but i entered upon the high of the bar 2 b/f it where price couldn't close; however, i failed to recognize the divergence that resulted from this price action & was stopped out for a loss (i.e., didn't follow the ...

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

no kidding ... after reviewing my account activity ... i was a real mess at the beginning of the week. then, after i worked on following the rules, using the papertrade account to train me to become more disciplined & overcome my fears, etc. i did ...

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