i think im still a little tilty after london's poopy session; i keep missing the obvious ... divergence presented here & price tracked sideways to the mid-bb forming a pin at the mid-bb the break of which would be below the hourly MA; perfect ...

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

mirror patterns — something interesting i discovered about the mirror pattern (double tops bottoms that don't close higher or lower) long or short from the break of the outside bar break from the low of the IB break higher long or short from ...

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

another papertrade (im so cautious this morning ... go figure): break off a 30 min mirror pattern that coincided w/ a 5 min RP ... 4-5 pips

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

waited for a break long off 15 min chart; ended up papertrading another short off a pin/star that bounced thru 2667 again in the direction of the sentiment for 5 pips

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

forming a dbl bottom in 5 min (2644) & 30 min (2642); demark break in 15 min still at 2642 (& descending triangle) ... t/f possible short at 2640 at 10am ... dont luv being counter to the divergence present. let's see what happens ... update: ...

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

papertrade: hammer; counter-sentiment; got in late (cuz i was screwing around w/ oanda) ... about 3 pips late; since my intent was to bail at 5 pips, i tried for 5, when it got to 4 pips it retraced back down to 2, so i got out; still kind of stuck ...

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

entered late off a buob, then didnt take my 5 pips even tho it was counter-sentiment ... papertrade (phew!) MTF missed; dbl bottom on 30 min coinciding w/ 5/15/60 missed a doji-pin bouncing off the hourly MA w/ the sentiment (also coinciding w/ 30 ...

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

reviewing the mantra — abbreviated: Discipline pays Consistency builds confidence & control Papertrade when trading poorly or unsure Never turn winner into loser; cut losers short (never take a big loss) Biggest loser can't exceed biggest ...

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

both sessions a bust. too many distractions & now im too tired. last trade farted around so i took 2 pips & im shutting her down. better luck tomorrow.

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

papertrade: retracement to hourly MA off IB; moved SL too soon & price bounced right thru that & continued on its way wasn't sure about this one so i papertraded which is good. SL issue? who knows ...

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

this was an easy 40-50 pip move which was either missed or screwed up (by me of course) A. bearish outside bar; bullish momentum declining B. DBHLC after ADX.x.EPR C. bearish outside bar; continuation of the recent shift D. IB; continuation play i ...

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

next 2 trades i took were losers (i was very distracted at the time & i should have stood aside) ... next trade i took was a papertrade & was easy 10 pips. switched back to demo & missed an easy one off an IB at the open of london. easy 10 pips. i ...

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

1st non-papertrade was a loser ... shouldn't have been messing in this market since it's still pretty dicey. was counter to the trend & when i was up 5 pips i didn't take it b/c it was a MTF play & thought it might have more juice ... it was also a ...

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

broke up & has traveled up fairly steadily in the hourly, but not so much in the 5 min tonite

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

changed my mind on the yens as they are counter-trend ... need to get back into the pool starting in the shallow end ... feeling that way about the USDCAD too.

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

2 paper trade losses: 1st one i took from an IB bouncing off hourly MA; it wasn't a horrible trade, but it whipped around b/f heading my way 2nd on i took off a double IB for a short correction w/ MTF favoring a correction; i was up 8 pips & needed ...

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

so much for that being an issue ... found some great trades ... BEOB, followed by IB, subsequent confirm w/ ADX.x.EPR ... good for 10+ pips DBHLC at upper band for a quick move to hourly MA; 5 pips long off the IB which was off the hourly MA w/ ...

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

turns out tokyo closed for holiday ... guess i'll papertrade until london.

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

url url (this one is actually pretty accurate)

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

homework — http://www.scribd.com/doc/1036742/25-Rules-of-Trading it is recommended 25 steps be reviewed everyday b/f trading begins. also, goal setting exercise beginning on pg 79 of "emotion-free trading" e-book everyday b/f trading session.

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