Going live again after failure(s)

So; once again I attempt to profit from the markets. Basically this thread is to document my experience. I would love everyone dropping in to comment, interact, share constructive critique. LETS DO THIS.

I will be funding my account shortly and posting a public trade explorer so that you may see what I am doing and also help me if it is in your heart to do.

Included are the templates and indicators used. I really hope this can be of some use to someone.

These are the pairs of interest at the moment. They were chosen because I have a day job and there will be news reports for these pairs that I can respond too before going to work in the morning. My shift starts at 10AM and I leave my home at 9AM to be there on time. I get up in the morning between 6AM and 7:30AM to shower and review charts. The goal is to catch the move and set the stoploss (a trailing stop) and check the outcomes(s) at 7pm.


-most recent tools.rar included here

UPDATE to profitloss.xls file.
-ability to input lot size as the number of units per 1000

longer term trade...........

things are getting a bit easier

quick look at your trial...
16 trades, 10 win, 6 loss...62% win rate...
all is good. NOT!
the good news, only down -4.5% in 4 days.
the bad news, even with the good win% rate, your losses way larger than your winners, and you bleeding cash.
solution?
the trivial, increase the size of winners. duh. simple, right?
i would rather suggest cut your position sizes smaller!!
at 0.1 lot a click you have plenty room to do so, and multiple ways to approach it.
go with 1/2 size instead, or less.
or if your initial assessment usually right and after SL trade would work, maybe scaling in, smaller sizes a time, would keep same SL $$, but leave you more pips space to wriggle.

it is early to tell if you do something wrong, but that is always a possibility to consider for yourself.
however it is not early to tell the importance of capital preservation on a live account.
without capital there is no trading!
without trading, this "game" isnt fun, kinda meaningless.
there is always a chance to raise your position sizes once things are on track.
in the meantime, while still figuring out your system and yourself, there is no shame to cut your trade sizes.
indeed, i strongly feel that is the right thing to do.

good luck, and hope you dont mind for the advises.

Ok. .0.05 sizes would be better to stay in the game longer. I will review the building blocks of my charting and entries. THANKS for the honest critque/help.

When there is a strong trade setup on the monthly chart, shorter time frames have to follow, even if sometimes the price fluctuates and goes against the monthly chart trade setup on the shorter time frames

Eventually I will write software for my strategy.
http://jon.io/placing-your-first-for...th-python.html

I'm starting to feel like 50% monthly returns 8 out of 12 months in a year is a reality for many traders....

However, this is the part that bothers me when trading......the chart can say it best.....

Get out or stay? What would you do?

I have made it a practice to choose my indicators based on my mental state.

stay obviously!

WHEW!
OK MAN!
well.......ok.......ok............ok
let me think on that man
my goal is to replace my income and do this fulltime ........
thanks for the reality check!
let me check out these other traders here so I can surpass them.......eventually!
THANKS AGAIN......

I guess the proof for me at least is to make it one complete year without a blown account

LETS SEE WHAT I CAN ACHIEVE
I am sure you will let me know when I am slipping dude!

thanks again!

Sure, read it as u wish, do you homework as needed, disregard what you don't like or don't agree with.
All your choice.

Replace income, why not?
Do that on 1k? You tell?
The get thru 1 yr with profit is a good staring goal.

Don't like to be irrelevant to you r thread, so, moved all to mine, sorry.

I decided to enjoy my profits......

I need less clutter....

Interest rate decision

Lesson to be learned......TIMING