Hey everyone! A little intro as ForexFactory wants to know I'm legit (apologies if this disrupts the flow of Chart Analysis in this thread!) I've been trading on and off for the past four years. But honestly, the first three years I would probably consider what I've done as gambling. I had the base knowledge for technical analysis, but I wasn't really well rounded in terms of money management and treating this as a business. I lost a lot, which got me out of the trading scene for the past year. BUT, I wouldn't have wanted to fail any other way I think, because failing was a HUGE learning experience and a slap in the face. Because I didn't really had the disposable income anymore to trade, I spent the past year saving to trade, reading books, back testing and demo-ing. I started with the whole indicators thing, but eventually the universe led me to Price Action about the start of this year. At first I've mistaken Price Action as Pattern Recognition, so the first few weeks I had several losses on demo along with the winners. But eventually I learned that was NOT what Price Action is. Then I slowly added up Trend Reading after I stumbled upon a book, and S&R and finally found this thread which hammered home the idea of a confluence and price STORY and that's where I started to see a drop in losses. But the MAJOR drop in losses came when I properly incorporated Money Management into my plan. So now on Demo, the already rare losses could not make a dent in the virtual wins I made. I don't wanna come off as bragging but I guess what I'm meaning to say is that the 'Minimum Requirement' of the James16Group, and the idea of taking your time and practising is really important. It'll be a month until I finally am able to save my target deposit for trading, so here I'm readying myself to join in on the action and the thread which I felt had moulded my trading plan into the solid one it is today. And I couldn't be happier. And excited!