did it again ... short off IB ... there was actually divergence present, but price action off that never starts off really smoothly ... i actually 1st thought dont take it, then it broke so i changed my mind, then, when it was up a few pips i ...

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

long off an almost beob that bounced off all 3 ma's & other support. also, some MTF's lined up too. sure is easy when the spread is only 0.9 pips instead of 3 & 4 pips. got 7 on 1/2 & 10 on the other. only reason i did it that way, cuz im still not ...

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

have taken a few nice trades tonite. screwed up some papertrades while on the phone & missed a few too. however, i took a trade against my rules just now ... short off IB ... no divergence, no preceding price action, and counter-sentiment, so ...

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

papertrade (cuz i wasn't sure about the volume when i got back from my break) off IB w/ sentiment & off hourly MA & s/r level (s/r); trailed my "stop loss" & when it hit 5 pips moved TSL to b/e ... trade proceeded to give me 9 pips which is when i ...

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

"One of the basic laws of trading is to develop and stick to a trading system. That means you have developed a trading system and have done enough paper trading to know what win-loss ratio to expect over a span of at least 100 trades. You must use ...

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

issue in reverse ... in a trade --- long off IB w/ the sentiment, trailing my stop according to the plan ... get out for a -1 pip loss based on "feel" & probably influenced a little by my trading partner ... just after i clicked out, the price shot ...

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

oops, experienced that over-analyze/trigger issue again ... IB in the direction of preceding price action ... sat there staring at it ... guessing ... uggh

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

HA!! 9 pips off IB w/ the move that began w/ the star pattern that i missed. definitely in a better frame of mind than yesterday

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

HA!! i made my 25 pip session goal for tokyo ...

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

straddle trades — pin off MA/mid-bb compression for a short; 5 on 1/2 & 10 on 1/2 next was a double bottom for 10 pips on full lot (i even moved my SL to b/e when it ran up 5 pips ... hmmm, getting a little smarter here)if im letting my ...

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

played a long off a star ... exited at 6 pips ... oanda robbed me on the back end for another 3 for net 3 ... followed my plan for taking the 5 pips off & i like this pattern; price is shooting up well past my exit ... swell.

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

short off an IB that followed a beob (close enuf); against the sentiment at the time (but was switching) so took 5 pips at 1/2 & another 1/2 at 10; AxE formed during the trade & a domino effect was created in MTF's ... (short off the IB instead of ...

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

pulled a couple off .... played a mirror pattern from the 15 min long that was followed by an ADX.x.EPR ... screwed around so i took 4 & jumped back into it off a double IB on the 30 min/IB 60 min/break of demark demand line on 15 min for another 8 ...

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

trade finally ended breaking out to the downside. i jumped in off the previous mirror pattern for 5 pips. good for me, but had i not been so scared of losing, i might have stuck to my plan for stop losses & letting the trade play out. how did i feel ...

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

"After each trade is completed, successful traders review and grade the trading process. Some ideas of the questions to ask in this regard might be: Was the trade analyzed in accordance with the system? If not, why not? How did the trader feel about ...

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

cut my losses on a trade. took an IB w/ the sentiment, but against divergence. broker took 4 right off the top (spread & slip) & was a little late. i didn't have much of a chance on this one since my target was to cut out 5 pips at 1/2, but price ...

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

so, i took a trade following the PL/EC off the ADX.x.EPR, but the entry landed me smack dab at the upper band following a divergence ... this was another one where it was iffy ... and guess what? i took it on my daily/weekly goals demo account ... & ...

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

this is a reliable price action pattern: PL that also engulfs the prior bar, but is not a J16-type outside bar. [wish i knew how to scale these blasted paint files down ... uggh]

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

these seem t/b the hurdles to successful trading sessions for me ... i think what i might try is simply trading the price action as the market presents it, but adjusting my targets according to whether i am trend or counter-trend (or possible ...

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

finally ... — 1st chance to experiment w/ my mirror pattern theory ... patterns ... hehe double top, IB on the outside ... in a long move, play the break of the high; waited, price broke low for 1 pip & then began to climb; broke the top at ...

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