watch this video. can be interesting

my Mind Set for manual trading:

1- dont get upset for missing a winning trade. Better Trades Down The Road.
2- I stop trading for sometime in the case of rule 1
3- trust your self but not Too Much
4- try to guess the next move of market. this is like a chess game but one sided. ( market does not need to guess trader next move )
5- exit when you reach the Profit level. dont change it.
6- exit when you reach the loss level. dont change it.
7- watch market and get the mood before start trading.
8- stat with target Risk level then decrease it after reached the daily goal. keep trading with 1/10 Risk level.
9- there can not be a trade taken for some days. this does not mean that there will not be in the coming days.
10- always trade withe the experienced pairs.
11- always watch news.

10 pips a day make a huge profit at the end of the week.

greetings
Last 4 days I traded as I had mentioned with earlier posts as semiautomated with 1 min chart and with 3angular pairs EURUSD GBPUSD EURGBP.
I traded only the patterns from memory and had quite successful.
there is no certain rules apart from mind set as this MA or that MACD or what ever. instead I am using most common indicators with default setup ( to determine patterns more clear but most of the time I use bars ) + TL which calculated and drawn by an EA. this gives me a lot flexibility and different exit and entry points and strategies.

I will keep posting you can also follow from _somehow if you wish.

walker

I must confess that I was not expect that much success with the new semiautomated trading. fortunately it is working well.
the Lot differencies are the result of my Risk management. the lots are between 0.01 to 2.00. I dont use grid. what I use is with some trades average entry Price. also closing trades when reach the target Loss.
The main point is I watch screen every second of trade and react according to market behaviour change corolated with 3angular price actions.😇

the order entry is %90 with reverse price move. so this eliminates the slippage and reverse it to my favor. how I do it is I check entry and exit points with Tick Chart.😎

that reverse entry and exit is not easy as this is against trader mood but when trading with patterns and guessing the next move +- 10 pip this gives that advantage to me.

I will soon share my automated TL EA with you when completed as open source. this is not executing any order or any other executions.only TL.

personally proven. trade the red circled areas. watch the chart every tick and change strategy with every move if needed.
unfortunately I could not code this algo as EA due patterns are the combination of sometimes 5 fractals or 50 fractals. this needs a very complicated coding and at the end there is no guarantee of success but semiautomated it is working well.

BUT there is no chance of opening a trade and leaving it alone. when trades active trader must be active and watching charts and news.

TIME is IMPORTANT. TIME is the one of the most important variable.

when I feel ready I will start posting the patterns you can trade. as I had mentioned before there is no certain rule. you can create your own trading style.

Patient Pay$$ Off ( for me at 1 min chart ) 😄

'_somehow' is is progress. needs absolute attention. now I have a conflict. if account keep going that way the equity curve will soon head up to infinite. according to my experience this will be corrected by the market. but This account is not grid or martingale. when needed I exit and suffer with loss. so this will be challenge for me if keep trading with same frequency or slow it down.

this is becoming more psychological. may the most important point is trading against myself.

   walker36 posted:
   Patient Pay$$ Off ( for me at 1 min chart ) 😄

yep me too. I've been a slave for quite some time. Like you said, the patterns are there, but it takes time and patience, and know when to exit at loss and look for the next setup.

Hi Will

yes. there is no fix TP or SL. this is the most important point they are depending on the actions. also 3angular check is giving great information.

I am still thinking and try to find out where/when/what will be mistake that will cause the DD in this system.

the answer is 'OVER TRUST & GREED'!!

   walker36 posted:
   I am still thinking and try to find out where/when/what will be mistake that will cause the DD in this system.

_somehow self criticism:
when I started to Demo trading with new semiauto system I was quite sure about success and started well until I OVER TRUST MY TRADES.
I traded as a Live account and try to stay cool and not too greedy. but last 2 days I started to trade more frequent and without decreasing risk as I have planned. also to be watched ( that account has no tracker yet but publishing is enough to feel like that ) started to effect my trades. manly I was thinking about Expectancy+Loosers vs Winners and %DD. those psychology made me stay longer with the trades and force me to change the risk and TP SL desecions ( instead of thinking the trade and focusing on charts I started to think the published results and how my next action will effect that results and made huge mistakes ). that psychology is killer. currently I have no open trades and floating P/L. next week I will start trading without thinking the published results. I will not make it private due I want to handle and over come that psychology with demo test. Also when missed the cycle ( the cycle of price actions ) and gone reverse must stop and relax until catching the correct cycle. but also as many traders know it is much more difficoult to stop when you loosing vs when you winning.

I stop my self with 'SHUTTING DOWN' the machine.😲

all those mistakes make me loose %4 of %8 on Friday and my %DD increased from %2.50 to %8.50 just in 3 hours.🙄

- OVER TRUST
- PSYCHOLOGY
- GREED

walker

Steve never sleeps 😎

So does Chikot😉