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L stopped out b/e.

L 1.3677.

Initial long direction has won the battle.

S stopped out -5 pips.

Reversed to S @ 1.3676.

L 1.3673

Wrong money management and apparently no decent, rules based trading method. First get those, then trade live.

I am sure these patterns are fine, just prefer to keep it as simple as possible and do not add any filters or rules unless absolutely necessary.

From what I have read about those, they are just kind of clasic flag pattern, but with some fib extensions added as a filter. So I can say I use them, but without fibs, just as flags and channels.

Doubt there's an English version of it... Book name is "Man with an axe" by Andrey Kochergin (famous russian karate & military combat instructor, he also is a pro shooter, winner of many shooting championships). Book is actually devoted to mindset of the warrior etc. stuff (kind of a modern...

Done trading for this week. Here is my forex scalp trade example from today's session: http://www.cornixforex.com/2011/02/forex-scalp-example-from-today.html

Stopped out -2 pips after it travelled +10 for me. Bad beat. :)

Long 1.3580.

Took profit of +11 pips.

Long 1.3581.

Bailed short for +9 pips profit.

Classic 00 level bounce stopped me out. Now short 1.3596.

Stopped out break-even.

Long 1.3593.

Done trading for today. Wrote the little rant earlier related to trading psychology, if anyone interested: http://www.cornixforex.com/2011/02/right-to-make-mistake.html