I want to pay off my mortgage asap with Choros

it's not selfishness, rather curiosity ;-)
I'l post from time to time to show my profits or loses ;-)

I'll be honest with you guys - I fucked up again overtraded till marigin call stopped me out. method of 4h and 1 day chart is great, it's me who screws, goes on 15m chart and bets 100% of account
I think I need EA that trades well and then randomly screws once for a while and loses half the account

And here's the proof
always after wiping down account I was starting explorer from beginning, this time I will leave it the way it is now, and will keep carrying on. Will take at least half a year to get it back - but that's another lesson taken

never mind mate, just carry on.

actually trading is simple and rewarding but its we trader who screw it up but we shall stand up strong after every fall.

Sorry man , I feel your pain , I was once like that when I was a novice

ur still novice
It was low balance account. Lost some 30 quid

Happy New Year folks. I re-started demo trading. Account is 5k, and rules are strict - 1d and 4h only. Not aiming much, approx 1% a week, entries only in the evening with s/l usually at 80 pips@1% risk. Works so far and it is good excercise for mentality. I could keep my trades for longer, some of them could be more profitable probably but it is Friday so it's better to close than leave it for weekend. So far so good.

So are you still working at it? Have not seen any updates.

Time to re-start the thread. Still same targets, still same feelings, still same ideas, same wishes, maybe this time I'll make it. Been working on myself, maybe this time ;-)
Maybe ;-)

Trade taken with mobile, so closed it quick.
Entry at 123.31 - reason was price constrainment at 10 ema (blue line) and pin going down (green circle)
Exit due to fact that price hesitated too long for a while at 123.24 - as you see I could've get much more of it, but If I had crystal ball stop loss would be unnecessary
Got 8 pips, but got 3.1% profit so daily target hit.

The way I trade now is I pick only one trade, and at 1:50 (and betspreading) I open position for whole available balance - so 20 pips will give approx 7-8%
I think 4 out of 5 of my trades are good, the point is, sometimes I wait too long rather then closing with few pips profit, and that when price goes against me in stead of letting it go and let the sl be hit - I move it, as I am confident I was right and it was only fake move and price will go my way soon.

And that's how I screw.
Quite often I have profitable day, let's say 4-5% profit and I want to trade again rather than letting it go. Rest of the story is easy to predict
I had problems with understanding bigger picture, understanding time, understanding that there will be day tomorrow. There is only today (and yesterday If yesterday was losing day).
I even did some excel files
Assuming I can trade 100 days a year, giving myself 3 years = 300 days - each 3 profitable days at 3% get me 1% closer to my target. We'll see how it goes.

For years I couldn't see the bigger picture of profits in forex. I've seen 3-5% a day, I knew that you can turn for example 1k into 1m, but I couldn't see, couldn't understand time between.
Recently I understood.
I used to play with excel checking, for example: let's say I have 100 Pounds, and I average 3% a day, I wonder how many trading days it will take me to get to million.
And here it goes into excell
100
=A1*1,03
=A2*1,03

so it gives:
100
103
106,09
109,27
and after 313 days we have slightly over 1 million (assuming you trade with cold blood and have method that gives you few % a day, you know when to fold for the day it is possible, much more possible than winning lottery)
But I still couldn't understand the time in between. I could see only "today" (and yesterday if I lost yesterday) - and here comes greed, 3% profit is not enough, 5% is not enough, and then we fail - that's why we fail - we want more and this will leads us to bad entries/exits decisions.

What helped me to understand time? Percents. I have imagined myself way to my target as percents.
Let's assume I give myself 300 days (3 years in my case) to achieve my target.
Let's say I start from 50 Pounds (fugures are just example) and after 300 days I expect 350k (assuming I will average 3% a day)
In this case each 3 profitable days (or each time I gain 9-10% profit on the account) - each 3 days are 1% of my journey (and each 3 days of loss/each time I lose 10% takes me at least 1% backwards, I do step back) I can leap like rabbit, running faster, risking more, or walk slowly, 1% of the journey after another.

And one more thing. On the beginning of the Journey it may look like 3% from 50 Quid is not much (again - the figure is just an example). 1.5 Pound, 2-3 cans of coke. But look at the target - 350k in this case achieved after 300 days - 350.000/300=1166 a day - that's how much your day will be worth If you'll do it right, If greed won't lose you, If you won't overtrade, if you won't force trades, If you'll stick to plan. These are 1166 a day out of your reach, you need to find way to reach them and be consequent.

Maybe it's boring, maybe sounds like bullshit, but calculating future profits this way helps me to see the bigger picture, helps me to see beyond tomorrow.

And one more thing - I don't think one can make millions in forex, at least I don't aim so high.

If you're one of these people dreaming of Lambo, Veyron, dreaming of 5mln summer house in Spain, dreaming of fit looking, dull as fuck lasses with them silly tatoos on them lower back, who will jump on top of your willy just because you're rich - If these are your dreams - your own greed will kill your dreams, and keep it down as dreams only, you will be riding bus or bicycle, living in rented accommodation, wanking at free porn sites

One have to think realistic. Money are necessary only to provide basic needs like house, normal car, good food, healthy lifestyle, good education for your kids, some retirement money. It's good to spend some once for a while for holidays, some treats like new computer, new console, new whatever, but let's be realistic.

To adjust my method, I am changing leverage to 1:20 (from 1:50), I noticed it is hard to bear with higher losses, 1:20 should be enough, position opened with 95% of balance with 10 pips s/l

Yesterday I was -0.3% lose, today, 3% profit with this one trade - 20 pips gain
Entry at green cirsle, 10ema being rejected by pinbars
Exit at red circle, price hesitating at round number

I have modified my trading style and I see some successes (finally after nearly 6 years in fx) - it was tried on demo before I went live.
http://www.forexfactory.com/showthre...99#post9024499
What have I done?
I have reduced my leverage to 1:20
I've picked just one pair which I can trade best and with best performance - EJ
The position is made so 10 pips equal to 1%, and the total risk is 2% - 20pips, take profit is set for 3% but I am always happy with 1% profit.
2% is a risk that my head can accept and won't trigger revenge mode. There were times in the past when I could achieve much more but on the end of the day I was lost - 1 mistake and seeing 5% loss was making me angry and switching revenge mode - easy way to clear account.
Hopefully this time will be better but one never knows ;-)
One way or another - If success will come I will achieve my primary target - being mortgage free in not less than 3 years, maybe 5 - it needs patience, all the get rich quick attitude is a quick way up and even quicker down to very bottom.
Good luck all

I am probably opening up a pandora's box here
But I like to dig and digging ff journal section has become one of my favourite past times. Dead journal ? most likely

But I wonder how you're doing ? How is the plan going ?

I couldn't pass it up for 1 reason I don't know which choros you're dancing but your screenshots seemed off, as far as the original dance and the master setup is concerned you're doing it wrong (if anyone cares)

And at last you seem have to realized the time and patience it will take to make a living out of thing let alone millions! dream on, but hey daydreaming is free of charge and you may become one in a million never say never

Looks like the original thread starter is no longer trading.

I hate to see someone who had put 6 years to quit. And somewhere in me voice keeps nagging: I don't want to be one of those quitters. Then again if it's not for you I understand. But 6 years, ! isn't short period of time I'm one of those in the camp that however impossible a task may seem if you keep on pushing someday you'll see a breakthrough. Maybe that's why I'm still around after 4 years of struggle. But who knows where I'll stand in 2 years time not a laughing matter at all, maybe I'll be one of those quitters maybe I'll go on to make a living. But I really, really want to make it don't want to give up at all and yet time keeps running through my hands so I need to be smarter in the way I push things forward. What I have realized is greed and impatience is the killer of success. Focus on the process not the money, money should be a by product of you implementing your trades according to your plan/rules/method. No divergence no silly mistakes are allowed. It's a game of discipline.

I am still in the game. I had a moment when I stopped, or been testing trading on higher time frames. Now I am back. I won't be posting, as I do it for myself and when I do mistakes I look like an idiot, in addition same mistakes over and over again are boring for readers ;-)

I'm relieved to hear that you're still in the game!
How many years has it been ?
Have you found some consistency yet ?