Need somewhere to think out loud,

Lets try again, on proving the theory and practicing the setups, I have 10mins!

Rules are take pull back with the 5's direction, somewhere near the between mid to low, exit is either SL at 10 or break below the 5's range or 5 turns the other way.

TEST!!!

EA 8am 21st Sept

Up +10 +7 -6 D - U +15 -8 D +20 +25

Efficent to be honest!1

Still liking the Trailing idea, just have to pull the trail and go manual on more volatile bigger moves.
 
Hi guys I did not know where to share my problem, thought that maybe here someone would help me out :( .I have been trading for about 6 months, I started with bonus money and managed to make some cash out of that bonus, after some time I ended up with about 1100£, lost it all when Oil prices struck up on 27. of August can not find confidence to trade like I used to before even after successful trades.. I know that in this business there is big chance to loose even if you are pro and that I should be able to get over it.. Maybe someone could give me some suggestion how you regain your confidence and belief in yourself? I am student I can't invest any big money into trading, but I really like to trade and I will definitely connect my life with it.
 
Few small trades im on min near demo size, but easy, no losses.

Hoping it just wont create entries rather than loads of losers in slower markets.
.
+47 pips, which at normal lot size would be considered a very good day.

Trade like this at full lot sofa is the issue, stay as is, till i learn to handle this method.
 
LivermoreMadeIt said:
Hi guys I did not know where to share my problem, thought that maybe here someone would help me out :( .I have been trading for about 6 months, I started with bonus money and managed to make some cash out of that bonus, after some time I ended up with about 1100£, lost it all when Oil prices struck up on 27. of August can not find confidence to trade like I used to before even after successful trades.. I know that in this business there is big chance to loose even if you are pro and that I should be able to get over it.. Maybe someone could give me some suggestion how you regain your confidence and belief in yourself? I am student I can't invest any big money into trading, but I really like to trade and I will definitely connect my life with it.
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Been there, I ran from 1K to 10K pretty quickly, gave back 3K in 15mins being stupid and pretty much been out of the game every since, purely confidence.

Confidence goes, hesitate miss trades, then revenge buy stupid trades and downward spiral if your not careful.

How to, reduce the lot size to a level you don't care if you profit or lose, practice on that, then increase it back up gradually when your trading well again.

Trading is never easy!!
 
Thank you Turveyd for your advise! I feel that I am ready to get back on track, every day trying to learn how to keep cool head when trading and to not let feelings or any side factors affect my state of mind. I will go forward, regain my confidence and even though trading is at times nightmare I will try to achieve new heights.:)
 
Went to half position size, up $400 area, full size I would be knocking on 1k :)

Its so damn easy, literally just taking $$$$$'s from the market.
 
LivermoreMadeIt said:
Thank you Turveyd for your advise! I feel that I am ready to get back on track, every day trying to learn how to keep cool head when trading and to not let feelings or any side factors affect my state of mind. I will go forward, regain my confidence and even though trading is at times nightmare I will try to achieve new heights.:)
More...

Trading is a pain, brush it off and work through it sadly
 
Well when the markets are this trendy and crazy and well GOOD ( EurAud and GPBAUD ), then basically, just trading the direction of the 15sma is all you really need.

GA test back in time, is it always this errr easy ( doubt it )....

4th Sept, am iffy, PM great!

3rd GREAT!!

18th June, great!

I'm trailing the SL initially, then backing it off, when it's got more wiggle room!

Errrrmmm, it's TOO DAMN EASY!! like why haven't I been just doing this for ever and retired already ??
 
Didn't trade today, busy with other hassles, a lot of chop so wasn't going to be as easy as yesterday, but kinda can see, when to jump on the Momo and when it's chopping and avoid.

Keep going to try to beat the chop, but got to stop myself, it's the chop that's unpredictable and ruins me, got to not be so greedy and stick to the MoMo.

Tomorrow, might trade a tad, then holiday till Tuesday! Looking PROMISING, like Grail worthy here.
 
Method is too easy, no live trades today, headache big time and off on holiday road biking around wales boyo.

Start nailing it tuesday, 50k target end of the year is actually looking possible.

Trading this way is the tricky part, keep forcing myself to take entries i guess.
 
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