revisit EURCAD — should have played this 2BL ... but b/c it was w/in 6 pips instead of 2, i followed the j16 rule on it; don't think this rule is as important as the other surrounding factors, such as: had been playing it short off the IB, PA ...

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

GBPUSD — IB following bearish outside bar ... previous outside bear didn't trigger, but i like playing IB's w/ present sentiment & PA + PA = tradeable signal. also, crossover/EPR still in place which gave new life to the bears (despite recent ...

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

papertrades updates — stopped out of both -- 2 x 2% loss on both.

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

active trades updates — GBPUSD, NZDUSD, USDCAD still sideways ... potential t/b stopped out of the GBPUSD once the "official" release of the bailout plan happens ... oh well, i'll just have to wait & see.

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

EURCAD — TSL was moved to 5174, price shot up to 5169 only, but i got stopped out anyway ... feel like this is just another example of oanda increasing spreads beyond its posted rates during the news --- affecting a non-news-trader such as ...

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

AUDNZD — single bearish outside bar ... this one looks good ... bearish sentiment & DM- re-crossed over DM+ & this PA has validated the EPR ... my entry (2016) which is below the last area of support that price needs to cut thru (2023) ... ...

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

other yen crosses — CHFJPY, CADJPY, AUDJPY all similar PA (the pins themselves are not as strong a signal). AUDJPY PA going to run straight into a resistance ceiling that could be tough to get past. none of these will be traded as the PA is ...

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

GBPJPY — similar set-up to the EURJPY, in a little better shape support-wise, but the same issue w/ bear strength having made a small come-back.

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

EURJPY — pin bar spotted. technically its good & the nose bounced off/thru support level (15365) but couldn't close above the one above it (15524) (creating resistance) ... however, entry is above this resistance level & next resistance is ...

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

sample ryan-style trading chart on daily — not a big fan of the RSI (for use w/ divergence or otherwise), but same result was accomplished using the divergence cheat sheet indicator ... areas in purple are samples of BB extreme trading w/ ...

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

ryan/j16 trades — spending a little time finding out what all the fuss is about over there on j16 re the "ryan" trades ... i went back over some of the threads. think this is the gist of his trading method: url i think he uses 21 setting -- ...

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

daily PA review for potential set-ups — instincts tell me 1st & best course of action is to stay clear of the market pending some better sense of direction after the bailout situation ... however, in keeping w/ my study, here's the PA report ...

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

further update on papertrades — AUDNZD ... no change GBPJPY ... no change

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

updates on active trades — EURUSD ... stopped out at 1st TP level (1%) USDCHF ... stopped out at 1st TP level (2%) USDCAD ... TSL moved to 2nd TP level (2%) for 115 pips locked in GBPUSD, NZDUSD ... no change EURCAD ... TSL at b/e (2%) ...

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

done. it's an announcement trading strategy. good on him. dont see any potential to combine w/ my stuff at this juncture.

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

me too! i find FF's "Put [fill in member name here] on Your Ignore List" function works really well in this regard ... cheers & good luck in your trading.

steelhead trade journal

this about sums up the reason my active trades are flat/stalling from actionforex: "Markets remain pretty steady today as traders are still holding their bets before conclusion of the approval of Paul's rescue package. Yen was mildly lower earlier ...

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

AUDUSD — closing price 8341 ... 3 shy of the preferred close at 8338, but is below 8350. however, oil is up, gold is up ... creating supportive fundy's which dips into my RRR (TSL moved to break even right at a serious area of support which ...

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

watchlist/observations 9/24/08 — GBPUSD ... price has broken thru support at 8517 (doesn't bode well for my long ... USDCHF ... price has zipped above support-turned-resistance level at 10886 (doesn't bode well for my short, but i do ...

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

papertrades update — instincts to papertrade only was right on. confidence booster. will see these trades thru tho to see how they all play out.

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