i never had a system because i do not want one. the market does the same basic thing :range or trend....it is the in between that causes problems to many traders.
i am seeing a pattern not in the market but in my trading.. know thyself first because it is through your eyes that you see the market 1. yesterday too i made 5% in one hour....but lost 85% in the next. the other time i made 100% in one day but lost 90% in the next day it is clear that once i make money i do not plan my trades that follow. also the stop got hit twice and the market went in my direction so i was early. it also appears that the market know my plan. 2. the market appears to show momentum in one direction-i have a way of measuring momentum visually,not a an indicator- but goes in the opposite direction. 3 their is no point for me to put capital in 3 figures unless the aim is to make money and not spend time trading,as it appears i am doing. i was tempted to , after i made 5 % , to stop trading but i did not. the market after behaving for some time, the always starts to misbehave. when in stocks i used to close a position trade, i did not take another trade for 2 months.
Padu, there are in life two groups of people, functional and dysfunctional. Functional groups learn early in life as wisdom is passed down to their offspring. Dysfunctional groups do not inherit wisdom, they learn through life via the school of hard knocks. Dysfunctionals have a chance, if later in life, they absorb the lessons from their pain. Some never learn. As this is your journal and you invite criticism, Padu get your shit together quick, no trading system, oh my gawd.
there is usually a trend in the market...put a one minute chart because you will find more trades in that time frame and right now you want to find trends and recognise them why trends because market has to move for you make money see if you can spot the general direction of the market...we will worry about entry later on there is always two trends one after the other...up and down and one of these will be stronger if the up trend is stronger market will move up and you have to enter when the weaker trend is ending FOLLOW THE MARKET BLINDLY NOT ANYONE'S RULES
If it were so simple, why are you getting hit with losses larger than wins? Why is your account needing topping up from external sources? One can theorize until the cows come home, that doesn't make the theory right.
5 years from now when GS invites me to head their trading division we will talk then. you are right i am inviting attention or criticism as you so tritely put it.....but it is also my ramblings and thinking aloud.
there are times when you will not understand the market... maybe it is too complicated with too many traders having conflicting ideas. do not get caught in their arguments. it is better not to try too hard to figure it out..... it will become simple.then trade
forex is probably the toughest to trade....... most of the time it is untradeable.......so if you keep trading you will keep losing money. you have to wait and wait till a clear trading opportunity comes