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The pupose of this journal I believe that by writing a journal it would help me to be profitable. 1. I would get feedback from fellow traders here. 2. The pressure will urge me to be profitable.

I have been trading for about 5 years now. I lost a few thousands (USD) along the way, probably around 3k USD. I am currently trading the breakouts.

I am currently looking for a job. But it is quite hard to get a job over here, so I decided to stay with my parents in the countryside for the time being while I am searching for a job. Most applications were not entertained. There are however some low-skill jobs, but the pay is just enough...

Hello, As the title stated, I am a poor trader who has merely about 100AUD in my account, about 75 USD. In my savings account, I have only about 170USD, which I have for my daily expenses. I am living in a low-living cost country, therefore, I don't spend much. That's all the money I have in...

Agreed. I find trend following is psychologically relaxing. Especially the breakout strategies.

There is no rigid rule to this. This is more to an intuition, discretion. The market does not work this way, think of the market as random walk. Let's say if your 'x' is 5 ticks, it may work for the current trade, but not necessarily the next.

Fred, I am looking forward into testing your strategy. If your system is real, I have to say that it is very very good.

Handle, would you mind explaining about the Quads. How do you define if it is a top or a bottom. Thanks.

I am not familiar with the IB platform. But shouldn't they provide an interface or API where can be easily accessed by C# and well documented.

Patterns usually work on all time frames because the market is a fractal. However, due to trading activities, news, etc, the lower time frames tend to be more noisy and choppy compared to higher time frames.

Pinkman, I have read about someone similar to what you have described. Here are a few things which he claimed. 1. He does not need any price history (only the present price/candle stick). 2. A candle stick is enough. 3. He uses a reference point. 4. He claimed to have discovered 'the...