Doomer's Trading Adventure

Hi guys. I'll try to post here once and a while with my first steps from demo to live trading. Today i've made 4 out of 6 trades using my jump start 1mn chart system, and managed to screw all profits in other testing.

Remark: Trend=Friend; System=Friend; Patience=Friend; Discipline=Friend. Too much thinking=enemy; Belief=Enemy;

Nailed 9 out of 10 trades on USD/JPY. Usually dont use this pair, but today it was ripe for picking. Enter with the trend when MACD was high and RSI below 50, enter counter trend with RSI above 80.

Hope to have such easy trades when live.

Cya

My trades yesterday, still on demo:

All times in GMT

EURUSD
9:45AM, 1mn chart, downtrend in place, RSI @ 78, MACD peeking, coming after a big up swing, downwards golden cross in sight.
Shorting
Entry @ 3458
TS @ 3465
Got stopped @ 3434

10:53AM, 1mn chart, downtrend in place, RSI @ 78, MACD up but dying out, coming after a painful up swing, showing lots of resistance, downwards cross forming.
Shorting
Entry @ 3440
TS @ 3450
Got stopped @ 3400

A lot of hit and miss trades after because of the wild up down swings, nothing notable, reached 16:30 on about breakeven, then did a couple more trades to finish the day on this pair.

7:31PM, 1mn chart, downtrend in place, RSI @ 50, MACD strongly up but dying out, coming after a painful up swing, showing lots of resistance, downwards cross forming.
Shorting
Entry @ 3450
TS @ 3458
Got stopped @ 3420

This one was a bit of a gamble. Had only price action on my side, as it seemed not being able to burst over 3455 and it had been trying to 15 minutes ago and failed and once again was failing. Dont know if i did the right thing in a traders point of view. Please feel free to advise

Last and my only counter trend move that profited nicely.

8:58PM, 1mn chart, downtrend in place, RSI @ 25, MACD sheepshly down, price nearing previous support (about 40mns ago @ 3405) coming after big sideways congestion.
Long
Entry @ 3408
TS @ 3388
Manual exit @ 3428, when RSI was over 80.

This was my "best" trade, because it entered on the lowest possible and closed on the highest possible. Not sure how wise it was from a technical point-of-view, but i just couldnt see the dollar rising sharply with stocks falling, so took the upwards way, once again to the top layer of the congestion pattern.

Also made a couple of USDJPY trades:

Very simple trades, ridding the wild horse on the second.

11:31AM, 1mn chart, uptrend in place, RSI @ 24, MACD strongly down, price near the early support @100.6.
Long
Entry @ 100.6
TS @ 100.5
Got stopped @ 100.8

Price again came very near 100.6
12PM, 1mn chart, uptrend in place, RSI @ 32, MACD peeking down but nearing 100.6 support.
Long
Entry @ 100.61
TS @ 100.45 (gave it some slack here as it seemed to be clearing up as and uptrend. Was it a good call or a lucky gamble?)
Manual stopped @ 101.04. This one actually went up as 101.24. But with 85 RSI i kind of realized it may be time to walk out or at least tight the stop, but the earning were already too sweet.

Still a lot to learn. In between a lot of test trades out of the system or trying other approaches. Once again, 90% of the countertrend trades were stopped out with losses. And i'm still having a hard time spotting the SR on the sideways congestion periods, where many easy trades are there for the picking.

Thanks for reading this.

Good stuff,

Hope the pips come to you

Cheers,

VB,