The hard road to consistency

I would be interested in your strategy.... placing a stop 5 pips above 29 is a little too tight in my opinion. If it hits 29 it can easily go up by 10-15 pips. My stop would have been above that.
 
I had to change my believe from good or bad, related to the outcome in money, too following the rules of my system. I had to reward myself for following the system no matter what the outcome was in regards to money. I could only do that, by giving up money goals in the short term and start setting goals about not making a mistake on my trading rules.

The goals I set where personal things I loved to do or hate to do.
For example: If I follow al my rules today, I will reward myself with a new book I want. Or If I do not follow al my rules, I will clean the garage this weekend.
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Thanks for the comments danielc1. Thinking long term and not being affected by the outcome of the current trade is really tough for me.
This is something I definitely need to improve.
 
what are yours rules?

what do you mean consistency? follow your rules? or judge the market consistently based on your criteria?

people always think they can do it consistently, but their understanding to consistency is vague!

market has lots of angles or faces, which side would you hit?
it is impossible to be consistent since the market is not consistent in its behavior
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I think consistency is possible, otherwise any trading exercise would be pointless :) I try to follow the rules
and the profit is the result of a well executed plan.
Of course the plan might be altered when market changes his behaviour. Any change to the plan should be backed by a large sample of data/past trades.
Also by not adhering to the game plan it is very hard to judge the performance of the method. You will never know whether profit or loss is just a random or the result of your skill.
 
I don't know about the last paragraph -- behavior modification but the rest of this post is EXACTLY where its at. Find the positive expectation and let it play out over the full sample -- not just in testing -- but in your trading.

I'm not suggesting that if you are trading a methodology not a system there is not legitimate judgement involved but you can't get too creative about what you pass up. Finding "your" trades is hard. It is foolish not to trade them once you find them.

Quote from danielc1:

When I started to trade, I learned a very good lesson about consistency that is still helpfull today for me:

I had to change my believe from good or bad, related to the outcome in money, too following the rules of my system. I had to reward myself for following the system no matter what the outcome was in regards to money. I could only do that, by giving up money goals in the short term and start setting goals about not making a mistake on my trading rules.

The goals I set where personal things I loved to do or hate to do.
For example: If I follow al my rules today, I will reward myself with a new book I want. Or If I do not follow al my rules, I will clean the garage this weekend.

Simple but effective...
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I would be interested in your strategy.... placing a stop 5 pips above 29 is a little too tight in my opinion. If it hits 29 it can easily go up by 10-15 pips. My stop would have been above that.
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97-02 was a resistance zone, when broken decisively the trade lost validity
 
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