one of those pins again that star-ish ... no straddle, so price action might be to tag the bands. took this on my papertrade account for 5, 10, & b/e can't seem to upload the chart ...

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

pin bar off mid-bb & hourly MA for the final divergence play to upper band; no more bearish momentum; was like watching paint dry for the most part; took 5 pips on 1/3 & had to sweat it for a while, but did trail my stop to minimize risk along the ...

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

how to lose all my hard earned pips ... — ... in 3 trades or less short off the BEOB when divergence was present ... dumb; managed to bail for -1 pip after i figured it out that one didn't work so .... why not try another one short off a ...

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

(A) TBL/mirror followed by BUOB w/ sentiment; momentum resuming (checkmark); missed this cuz i was hiking (B) DBLHC and PL/EC w/ ADX crossing outside confirming correction is due (checkmark); very strong PA signal here; i saw this just as i sat back ...

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

anatomy of a trading session — NY closing hours 11am-ish to closing bell (1pm): started looking for a breakout; 1st saw the mirror/TBL ... took that short (contrary to my theory on playing these) ... HA!! but was my 1st trade so papertrade ...

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

GOALS ... — 5% daily (2.5% per session traded) 10% weekly (to account for operator malfunction , holidays, news hours etc) 25% monthly (this might be too low, but in terms of emotional discipline, i think it will keep me on course starting ...

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

ended the night on a positive note ... double bottom/IB/pin-thing ... short ... got 5, 10, 35 ... what's wrong w/ that? im calling it a night ... thank you election night.

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

my 5% daily goal was met ...

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

nice price action pattern ... missed it, so that's all i can say ...

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

exits ... 1/3 at 5+; 1/3 at 10+ move S/L to b/e; at 20, move S/L to 10+, etc.?? and maybe a 10% weekly goal is more attainable ... ???

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

i admit ... i got distracted by the obama speech ... who cares ... it was worth it ... his speech was REALLY GOOD.

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

obama special strikes again — continuation TBL w/ the straddle ... expected this. 1/2 at 10 pips, 1/4 at 35, 1/4 at 30

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

HOORAY ... OBAMA!!!! — caught this MTF special as the market was winding up w/ a huge support area forming around 2910 that finally set itself up for the last time right b/f the annoucement w/ a double inny on the 30 min, IB on the 60 min, ...

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

took this hammer/pin that has turned out really well; actually wasn't sure about it, b/c it had no "nose," but directional bias is still short (didn't switch during that last move) ... price has been consistently running down to test 2911-2914 zone; ...

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

some thoughts for my rules of trading ... to make it as mechanical as possible in terms of my entry ... PA w/ the directional bias ... preferably off s/r, but okay as long as momentum is not exhausted (my classic rule) PA against directional bias ...

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

the 1st pattern is a hammer/proxy pin that i called out to dg to take right b/f my hike. it's against the directional bias, but the ADX is crossing out of the momentum zone & bulls have lost a little strength ... for the time being; price action is ...

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

sat down this morning for the close of NY & found sideways PA after a prolonged straddle move through london that continued into NY; this sideways PA created a new straddle & a quad bottom that was confirmed on the MTF's; i played that break for 10 ...

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

these losing trades or trades i have been sweating seem to have a consistent pattern of price not closing below the bands. while i realize this could be quite random depending on the band settings, this could be incorporated as one of my trading ...

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

took the break of a pin & IB w/ the trend off a support line & bullish momentum strong as ever ... got nervous & bailed on it feeling as tho it had already gone high enuf ... i think im starting to get tired ... it took off for 20 pips.

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

sat there staring at PL/EC & decided against trading it ... it's up 20 pts from where i would have entered ... was w/ the present sentiment off the lines; bullish momentum ... smack!!

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