The simple way of handling losers is to cut your losses by stop loss , move to breakeven and exit as a result of change in set up. Look for re-entry and another set up.Don't revenge trade ,add to losers or move stops.Don't go for failed set ups because it will increase bad habits and also add to 80 % phsychology issues of trading. Don't listen to dickheads about 2 pip stops and 4 pip stops or even 8 pip stops.These failed traders hang on E T.
Here is another losing trade , followed by a large winning trade using spikes Keep your losses small and profits large when they go for you.
Most price action trading in ranging markets is random noise illusions. http://www.elitetrader.com/vb/showthread.php?threadid=225224
There's been plenty posted on here. Why don't you look for them? Does everyone have to hand you stuff in life? You instantly make the assumption it doesn't exist. How naive. Good thread Oil