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

  • #1,481
  • May 24, 2010 4:02pm May 24, 2010 4:02pm
Quoting fxgrinder
missed one on the E/U ...

one of these is either not going to trigger or fail ... hmmm, which one will it be?
EU triggered & is in the black. GU never triggered.
"Believe nothing you hear and half of what you see." Proverb
  • #1,482
  • May 24, 2010 4:13pm May 24, 2010 4:13pm
daily swings for today are GU, UJ, EJ, GJ, NU, & UCAD ...
"Believe nothing you hear and half of what you see." Proverb
  • #1,483
  • May 24, 2010 4:34pm May 24, 2010 4:34pm
Quoting fxgrinder
also, another miracle has happened ... i pulled the trigger again!! i added to the prior trade (so 1/2 of my 1/2 position LOL) ... but anyway, im in the black on this one & i have move my SL to b/e so i cant lose either way.

hooray!!
took this position off at 55 pips. my first trade is still running & aiming for 2328

will be looking for another pullback in a few hours.
"Believe nothing you hear and half of what you see." Proverb
  • #1,484
  • May 24, 2010 4:38pm May 24, 2010 4:38pm
Quoting fxgrinder
took this position off at 55 pips. my first trade is still running & aiming for 2328
changed my mind. i had moved my target down & that was hit so i took the balance of my position off at 150 pips. kind of stupid to try and squeeze 10 more pips out of it.

i've made 1% this week trading nickles ...

started thinking i would move up to dimes, but will stay with nickles the entire week and maybe move up to dimes next week.
"Believe nothing you hear and half of what you see." Proverb
  • #1,485
  • May 24, 2010 7:46pm May 24, 2010 7:46pm
3rd time this week ... "look ma no hands"

one caveat ... i reduced my lots to 1 cent again b/c i was hoping for more of a pullback ... but it is a real penny!!

so far in the black and looking for 2283 ... we'll see. it's easy once im in the trade (i.e., not having any regrets if this goes in the negative).
"Believe nothing you hear and half of what you see." Proverb
  • #1,486
  • May 24, 2010 7:59pm May 24, 2010 7:59pm
Quoting fxgrinder
3rd time this week ... "look ma no hands"

one caveat ... i reduced my lots to 1 cent again b/c i was hoping for more of a pullback ... but it is a real penny!!

so far in the black and looking for 2283 ... we'll see. it's easy once im in the trade (i.e., not having any regrets if this goes in the negative).
HAHA ... joke's on me again. price zipped down 40 pips in my favor & i took 1/2 pxn off 10 pips shy of the 1/2 off target ... oanda slipped me a bunch too (duh, no kidding)

SL is set to b/e & im looking for 2154 unless there is some major reversal ...
"Believe nothing you hear and half of what you see." Proverb
  • #1,487
  • May 25, 2010 1:24am May 25, 2010 1:24am
missed an entry to add onto my position. fail ...

however, i haven't touch my other trade & am still looking for more.
"Believe nothing you hear and half of what you see." Proverb
  • #1,488
  • Edited 4:47pm May 25, 2010 4:30pm | Edited 4:47pm
overslept and missed a reversal entry (would have been good for 1/2 position so far) ... watching for pullback.

last nite's trade hit TSL ...

im up 1.2% so far this week ... 1 missed entry that would have been a small loss, 1 missed entry that would have been a win, the missed entry this morning that would be at the 1/2 pxn point, and the 2 trades from last nite trading pennies instead of nickles has cost me about 1%. regardless, im pleased with my progress.
"Believe nothing you hear and half of what you see." Proverb
  • #1,489
  • May 25, 2010 4:34pm May 25, 2010 4:34pm
Quoting fxgrinder
daily swings for today are GU, UJ, EJ, GJ, NU, & UCAD ...
EJ & UCAD hit targets. NU was closed when i got up for minimal pips (but huge pin bar so took what was there).

trailed stop for GU, GJ, & UJ and those were taken out immediately for losses.

EU still in the black but expect this one to be taken out as well.
"Believe nothing you hear and half of what you see." Proverb
  • #1,490
  • May 25, 2010 4:35pm May 25, 2010 4:35pm
new swings for tuesday are NU & UCAD off the pins. CT so not to thrilled about the prospects ...

seem to be stuck at the 450 profit level. hoping to bust out of it this week.
"Believe nothing you hear and half of what you see." Proverb
  • #1,491
  • May 25, 2010 8:30pm May 25, 2010 8:30pm
yay! pulled trigger again. up 30 pips. SL to break even. next stop 2230. could whipsaw, but since im at b/e i dont care.
"Believe nothing you hear and half of what you see." Proverb
  • #1,492
  • Edited 1:45am May 26, 2010 1:25am | Edited 1:45am
Quoting fxgrinder
yay! pulled trigger again. up 30 pips. SL to break even. next stop 2230. could whipsaw, but since im at b/e i dont care.
out on a reversal w/ 10+ pips; reversed on my reversal for -4 pips (pullback); back into the original reversal on a pullback ... that was looking like it would work out, but i just got bumped out at b/e (not entirely happy w/ my revised b/e strategy ... a bit too tight & my trade got tipped by a few pips only & is about to continue short)

that's it for me. today was a success except for the fact i oveslept. (last 3 trades were all for nickles; was tempted when i got nervous about pulling the trigger to switch back to pennies, but i resisted) ...
"Believe nothing you hear and half of what you see." Proverb
  • #1,493
  • May 26, 2010 4:11pm May 26, 2010 4:11pm
Quoting fxgrinder
new swings for tuesday are NU & UCAD off the pins. CT so not to thrilled about the prospects ...

seem to be stuck at the 450 profit level. hoping to bust out of it this week.
dailys are not faring too well these days. my EU is holding at 250 pips, but the NU & UCAD are completely failures ... in fact,

I hereby declare ... NO MORE PIN BARS THAT ARE COUNTER-TREND ...

okay. today i took a bunch of pullbacks on the daily charts. cant remember them all, but we'll see how that goes.

still demo trading here. will see my net result at the 2 month mark to make any decisions about going live ... also, i still do not have a clear exit strategy in mind so that must be sorted out prior to going live
"Believe nothing you hear and half of what you see." Proverb
  • #1,494
  • May 26, 2010 4:13pm May 26, 2010 4:13pm
EU intraday is going great.

woke up on time. usual post-euro/UK pullback trade.

traded 1/2 nickle ... not sure why, but didn't like the looks of it ... instead of not taking the trade and trading pennies, i went middle ground. it's presently up 40 pips so the joke's on me again. 1/2 lot taken off & SL trailed to below b/e. looking for 2153 before i make any more decisions about it.
"Believe nothing you hear and half of what you see." Proverb
  • #1,495
  • May 26, 2010 5:42pm May 26, 2010 5:42pm
Quoting fxgrinder
EU intraday is going great.

woke up on time. usual post-euro/UK pullback trade.

traded 1/2 nickle ... not sure why, but didn't like the looks of it ... instead of not taking the trade and trading pennies, i went middle ground. it's presently up 40 pips so the joke's on me again. 1/2 lot taken off & SL trailed to below b/e. looking for 2153 before i make any more decisions about it.
closed balance at 60 pips.

so far im net 1.4% for the week trading nickles, 1/2 nickles, and pennies ...
"Believe nothing you hear and half of what you see." Proverb
  • #1,496
  • May 26, 2010 10:26pm May 26, 2010 10:26pm
pullback taken ... full nickle. exited on a reversal for a loss. no bad feelings experienced. check.

reversal is presently 30 pips in the black & my risk has been reduced in half. looking for 2275. the bulls haven't had much steam lately so not sure how far this will go, but if there's any sign of reversal, i'll be out of it and back in short. full nickle here to. im working thru this pull the trigger issue slowly.
"Believe nothing you hear and half of what you see." Proverb
  • #1,497
  • May 26, 2010 11:41pm May 26, 2010 11:41pm
Quoting fxgrinder
reversal is presently 30 pips in the black & my risk has been reduced in half. looking for 2275. the bulls haven't had much steam lately so not sure how far this will go, but if there's any sign of reversal, i'll be out of it and back in short. full nickle here to. im working thru this pull the trigger issue slowly.
2nd target reached. looks like i'll be letting this one run overnite. woohoo!! dont think there will be enuf time to manage another pullback.

im net 1.6% for the week now. compounding sure is slow trading nickles. :-P
"Believe nothing you hear and half of what you see." Proverb
  • #1,498
  • May 27, 2010 12:01am May 27, 2010 12:01am
Quoting fxgrinder
dailys are not faring too well these days. my EU is holding at 250 pips, but the NU & UCAD are completely failures ... in fact,
funny. now the EU has turned and NU & UCAD have recovered.

nothing else has triggered tonite.
"Believe nothing you hear and half of what you see." Proverb
  • #1,499
  • Edited 2:11am May 27, 2010 1:36am | Edited 2:11am
Quoting fxgrinder
2nd target reached. looks like i'll be letting this one run overnite. woohoo!! dont think there will be enuf time to manage another pullback.

im net 1.6% for the week now. compounding sure is slow trading nickles. :-P
i took the rest near the 2300 hundred mark. this is due for a retrace & i dont want to be up 90 pips only to have it retrace on me 50 ... just couldn't justify that one. (haha, joke's on me again ... price shot up to another one of my targets ... silly stuff)

im net 1.9% now for the week.
"Believe nothing you hear and half of what you see." Proverb
  • #1,500
  • May 27, 2010 9:34am May 27, 2010 9:34am
Quoting fxgrinder
funny. now the EU has turned and NU & UCAD have recovered.

nothing else has triggered tonite.
all are doing fine ... UCAD about to hit the 1.5 target
not sure how far i'll get w/ the NU, but will wait & see
EU is still in the black by 165 pips

birds got me up ... :-|
"Believe nothing you hear and half of what you see." Proverb
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