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

phew ... finally pulled one off. good to break the slump for sure. first week working with my 30-20-10 method. only problem was that i talked myself out of the second entry. fortunately due to having to work late, i had to skip NY open in exchange for SLEEP and i missed the whipsawing that i may have found myself a part of earlier. good to be lucky sometimes. :-)

100,000 protesting in Brazil ... MSM silent.

http://truthisabeaver.blog.com/2013/...azil-protests/

very slow this morning. 1st trade I bailed at b/e. 2nd out at 10 pips. 3rd was the counter trend that I was waiting for - nursed for 15 pips (at double lots). not sure if there will be much volume this week, but one never knows.

work creates much distraction for my trading efforts.

why do i want to be a successful trader (or poker player for that matter)? ... because having to process the idiocy of the judicial system is simply a waste of my time. i get paid very little to litigate the disputes between private citizens and/or between the tyrannical government entity and the citizens that "elected" the idiots to "govern" them.

case in point, fighting to prevent a 25-year old woman from spending the rest of her life in prison for something she didn't do. something for which the government claims she conspired to do beginning when she was 17 years old. those more culpable (i.e., murdering and disposing of bodies in barrels of acid) ... received determinate sentences for presenting perjured testimony to save their bacon. 12 stupid people believed all the b.s. presented by the government.

i continue to fight to save this girl's life, but i dream that one day, that more people would wake up to the corruption in they system and step away from their computer games, spending sprees, hollywood gossip, and other b.s. and stand up to the machine.

until people realize the prison system is just one more mechanism to divide us and distract us from the criminal "elite" (scum in my mind) ... more and more of us will be subjected to the illegal process called the "justice" system.

hope to be back trading soon and report that my innocent client is free from the oppressive forces that need her case to further their political aims.

I just found your post and going through, its so so inspiring. Its rare to see a trader that is awake to the happenings in society.
I do hope and pray that your client is cleared and free and that you get back to posting soon.

all the best

so out of touch with my trading. trying to pick up from where i left off ... just need some inspiration. starting with ForexFactory hahahaha!!!

F**!!! i have absolutely no notes of any of my trading systems - not even the bad ones. dumbfounded.

However, the market is one big ranging mess.

let's see if i still remember how to post a chart ... :-P

reasons for trade (E/J)

1. red down arrow represents retracement only
2. up arrow by the yellow 200 SMA indicates trending long
3. short orange stroke under very small pin bar which simply shows the market sentiment and confirmation the next day by the break of the pin (and placing a S/L a few pips under it)
4. orange circle around a nice ADX set-up that i like; will enter a limit order at the break of today's bar (short red stroke)

the other EUR trade i will take (risking 2%) for similar reasons:

1. continuation set-up on the ADX (yellow circle);
2. S/L below red stroke
3. enter break of short yellow stroke

have no idea what is going to happen, but it's a start.

glossed over the USDCAD & USDJPY last night; watching these on the hourly; may jump in if i see an opportunity

the GBPCHF could be good too, but waiting for confirmation of the signal

double bottom on the EURUSD and a BUOB from my daily trade so i will leave it in place.

double BUOB formed on EURJPY so will leave that too.

will check back on the USDCAD, but i might just have to let that one run without me.

GBPCHF is tempting, but i need to make too many concessions. there might be a confirmation bar tomorrow that i can rely on.

the USDJPY looks to be a long, but it's a sideways mess the last few days so i'll just stick to what i have in place.

canceled EURJPY and EURUSD (signals no longer valid)

USDCAD & GBPCHF ended up being decent trades. oh well. not going to worry about those ... other trades will present.

USDJPY signaled short so i am chasing it that way ... for now because still very sideways.

as always, just when i look at the market (and look back), i have missed all the "great" moves. however, my mindset now is there are more of those "great" moves ahead if i can find the discipline to stay with it. switching to daily's should help. (hahahaha, famous last words of all the good traders!)

this should get interesting ... taking shorts on E/J & E/U & a long on the G/J and leaving the short on the U/J. good times. :-)

trading into friday isn't the best, but the signals are there and it's only 2% per trade per account so why not?

UPDATES:

E/J: triggered, but reversed; heading to S/L; chart shows that although a weak trending signal, the ADX is still favoring the longs (200 SMA)
E/U: triggered and was in profit for a while, but reversed & heading the way of the E/J
U/J: never triggered and will be a signal for a long i suspect on sunday
G/J: triggered long and has the makings for a good trade

happy with my progress this week in that i was able to focus on the charts once a day per the plan; next week should bring more opportunities

i'm long the E/J, U/J, and G/J; the G/J was screaming up and set my S/L to break even at around 80 pips (presently at 160-ish); E/J & U/J are very new trades so time will tell (but U/J, E/J, & G/J typically flow together).

i still have my E/U short which never showed sign of promise; it also tracks the above-mentioned currencies so counter-intuitive trade here; however, have a signal to take it long so i might take my losses & follow the long

BUOB signals on G/J, U/J, E/J, & E/U ... :-)

positive and at break even on E/J, G/J, and U/J

E/U is pissing around ... i have a signal to go short so i am taking it (mostly to stay disciplined at this point as i have not had a good chance to digest the market after a long absence; my risk is very low so it's perfect condition to forward test this one)

coasting ... morning brings new developments.

have a long in E/U and G/U

the others went to break even.

finally decided on an exit strategy.

simple system that should net positive results ... IF i stick to it. fingers crossed.

first TP in the batch! (G/U)

E/U will be profitable and about to trail the stop later today.

took a long in the E/G, but very new.

E/U trailing stop hit near the opening of the sunday market.

At this point, I am profitable. However, the E/G was trucking up slowly, but also dropped in price at the open & I am nursing a loss ... for now.

No new runners tonight.