how about leave SL at the other end of the price action being trade (i.e., top of a bearish pin bar for instance) ... wait for 10 pips to take 1/2 off ... then begin to trail using prior bar's high (or low as the case may be) until i reach 20 pips ...

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

off to a good start ... short off break of IB that formed a double bottom w/ a pin-ish looking bar (price action that indicated bearish sentiment). price bounced thru hourly & 4hr MA's that had formed a serious resistance level. saw potential ...

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

reviewing my final trade last nite — is about to make me cry ... not posting a chart b/c it's just too damned embarrassing ... essentially though, after i bailed on the quad bottom trade too soon, there was a sort of bearish looking bar that ...

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

if im in the red ... dont touch the stop loss?

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

MA's ... trend BB ... volatility ADX ... momentum hmmm??? comical

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

somebody stop me please ... — i waited patiently for this quad bottom ... then, it broke & screwed around. i adjusted my stop ... uggh ... stopped out ... of course!!! price proceeded to drop 30-40 pips ... i am being schooled today ...

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

price action i watched on the sidelines b/c i missed the initial entry: double low couldn't close lower in a short move that formed an RP; highs of both bars off hourly MA; bear strength rising (DM-); bulls have no no strength & ADX has just crossed ...

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

short off double bearish pin bar that formed an RP & triple bottom; off hourly MA & serious area of s/r. no volume so i took a quick 5 pips/8 pips. 38.7%

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

after writing this i went back and just closed it out for a small loss. it looks like it has more to go, but i probably not w/o a lot of funny stuff.

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

here's the trades ... — in reviewing them all, they weren't terrible, but it seemed i was playing around in a serious s/r level & that created some issues. however, 2 losses will wipe out the gains: this was the nice run i had when i first got ...

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

got my butt kicked ... again. i started off great. didn't do anything in particular that was wrong, just got caught up in a little chop & couldn't see my way out of it. it's hard to trail my stops & take all the price action available if the market ...

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

took a short off a bearish pin after my last move, but was stopped out on the star-ish pin/pin bar-ish price action ... didn't have a chance to get into that one knocked back down to 41.5%

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

lunch break & beach did me right! — took a bearish outside bar that traveled thru & closed below 2800 s/r. followed the rules & collected 6 or 7 on 1/2 & another 31 pips on the other half! back to 43.3% ... yahoo

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

one small win — b/f lunch break ... bullish pin where price couldn't make a lower low. unfortunately, when i went to close 1/2 the position, i hit buy instead of sell & when i did that oanda slipped the hell out of me (as they did on the ...

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

this is fun ... — went long off a bullish outside bar; got stopped out by the star i should have been trading for the short i've been waiting for all morning. umm, frustrating doesn't begin to describe what im feeling. sheesh, i ...

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

okay, i did it again. made an assumption about the market & passed on a double IB that broke long ... this is really becoming frustrating today ... alas, i press on.

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

haha, i did that off a doji-IB that broke long; loss ... back down to 45% hindsight; way overbought for real ... been jerking around yesterday's high & going sideways preparing for a drop. not bouncing off anything like s/r or any MA ... in other ...

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

what i must do is start trading off the pure price action & learning to manage my trades mechanically. this should help take the emotions out of it & discover what price action works better than others. only then, will i have the experience to truly ...

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

the pin bar that ended up taking out my IB was not traded by me. why? b/c i made an assumption about the market (i.e., thinking it needed to correct just b/c it had gapped so far from hourly MA). the pin bounced off s/r level at 2588 & the entry was ...

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

short off IB where price gapped from the hourly MA; traded my plan; took 7 pips off at 1/2 & trailed stop using prior bar; got stopped out when price spiked off a fake-me pin; small loss only. i actually feel pretty good about it since i traded my ...

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