morning update — active demo trades: EURUSD, GBPUSD, USDCHF, NZDUSD ... no change; if USDCAD closes below 10345, TSL will be moved to 10432 ... passed on trades: GBPCHF broke long (against the sentiment), but not by much; CADJPY broke long, ...

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

further study for myself: url

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

EURCAD - 9/23/08 IB — looked a little more at the EURCAD ... i think it's got more potential than i gave it credit for earlier when i dismissed the pair as sideways. sentiment is short & correlates to USDCAD short trade im in. price is not ...

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

no change in TSL's for any of these trades.

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

papertrades — gettin' close to the closing bell & im really uncertain about the remaining PA from my watchlist that may form 1. AUDNZD ... very ambiguous. sentiment is short, but momentum/price action is more sideways than anything. both ...

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

USDJPY ... 9/23/08 — this pair was on my watchlist as a potential IB ... 1 hour before closing bell, and the IB is still holding. additionally, price has made a double bottom where price probably won't close higher (TBL), which is another PA ...

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

watchlist 9/23/08 — paulson/bernanke-style economics & waiting for approval seems to have put the market in a funk ... so, it's no wonder there are 10+ pairs forming IB's. as of 11am PST, they are: 1. euro majors: EURUSD, GBPUSD, USDCHF (i ...

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

USDCHF: stuck at key support level of 10731; if it breaks, 10624 is next support level EURUSD: next resistance area is 4951-4967; could bounce here & retrace/continue short (back to the .43's?) GBPUSD: price is supported at 8517, but sandwiched b/w ...

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

fundamentals — came across this too ... posting it here so i remember to read it. url

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

USDCHF: trailed stop; 34 pips profit locked in on 2% risked EURUSD: trailed stop; 42 pips profit locked in on 1% remaining (due to operator error ... ) USDCAD: trailed stop; 29 pips profit locked in on 2% risked GBPUSD: trailed stop to 50% of ...

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

EURGBP; 9/22 potential market entry — (copy paste from chat w/ dg) 2-day bullish outside bar; price bounced right off support level and may or may not close above monthly pivot. bullish trend did enter a slowdown, but the bears couldn't retain ...

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

thank you so much!!! i just glanced at them and plan to read them when i get back from my hike today ... cheers and good trading. p.s. i too love that post from Peter Crown.

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

EURCHF potential market entry for 9/22 — (cut and paste from my chat w/ trading partner) EURCHF: play IB's w/ the sentiment which is short; also, this is an RP (shy 2 pips at present -- and price is testing 5876) which is always another good ...

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

USDJPY analysis for 9/19 & 9/22 RP — RP indicating further price action short. it is w/ the present trend/sentiment. exhaustion analysis: ADX is technically falling, but not from 40/50/60 levels; DM- is above 20; DM+ is not below 10, but ...

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

watch list — EURGBP: 2-day bullish outside bar EURCHF: IB (short) GBPCHF: RP (short) USDJPY: RP (short) waiting for closing bell.

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

EURCAD pin bar on 9/19/08 — here's one of those pins i keep looking at and wondering why i didn't trade it so im posting it here so i can stop re-re-re-re-analyzing why! 1) didn't close w/in 25% (forgiven b/c criteria 3 is met); open w/ 50%; ...

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

GBPCHF/EURCHF — originally, i had pending orders placed on the GBPCHF & EURCHF (2-day outside bars). after ghous pointed out the potential USDCHF trade, i decided to cancel my pending orders on them b/c the USDCHF trade seemed better b/c 1) ...

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

EURUSD pin bar 9/19/08 — entered an order for the EURUSD bullish pin bar which has been triggered. i followed my trading rules as follows: 1) close w/in 25%; 2) open w/in 50%; 3) nose rule is not met (but not mandatory if 4th criteria met); 4) ...

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

USDCHF — thank you ghous! [see j16 chart thread] this bearish pin bar meets all 4 of my criteria: 1) close beyond 25%; 2) open beyond 50%; 3) nose beyond 50%; 4) price through weekly resistance and back down closing below it ... this is ...

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

HA!!! missed this one ...

james16 Chart Thread