Firstly I want to apologise to all those who take part in these discussions, especially if I have offended anybody. When I first started posting it was with the pure intention to air my grievances about the market, but also to help some of the newer traders and manual traders with some trading strategies that I have learnt myself. These are all good strategies and used properly can help you to make money e.g. Parabolic Cross, Candlestick/wick Cross and some others.
Since I started posting, instead of looking at some of the strategies, people have been more concerned with my trading performance instead of my technical skills and this is why you will find my demo account paraded on some forums. Last night was the US Election and I was long the US$, feeling that Hilary Clinton would win, but if you have read some of the headlines I was not the only one in the market who was surprised to see her lose. So what was my strategy. I fully expected USDJPY to retrace and EURUSD to retrace during the election. I believed that they would both fill their respective gaps - USDJPY I had as a double bottom or hitting 61.8, but of course it over ran this. I expected EURUSD to be a double top or at least hit 61.8. Then I was hoping that both would rebound and hit new highs and lows respectively had Hilary Clinton won. I was wrong big time!!!!
So I just wanted to post my account and say I am not one of those 'Who only Sings When they're Winning!!!' Luckily it was only a demo and as I have always maintained I will not trade live until I see consistency in my performance.
So once again deeply sorry if I have offended anybody & Good Luck with your Trading!!!
Based on your postings, I have some comments (meant to be constructive) on where you are in your development as a technical trader and areas of further effort
(1)Whilst you talked of some technical setups e.g. Parabolic Cross et al, they are in themselves merely potential trade opportunities as a trade setup rather than trade strategies. You are at a stage in your development where you are unable to differentiate the difference. This is evident where you continue to trade on feelings and hope rather than on technical. Many traders can spent a long time in this wilderness. There are many reasons but primarily a trade strategy requires the marrying together of many parts and entry setups are simply a sliver of the complete strategy. The important thing you need to do is not trade on feelings but on the technical set up, whatever that may be for you.
(2)Your path to consistency begins when you are able to with discipline follow your trade plan and not on feelings. It requires behaviour modification and is not as simple as deciding to do so. You cannot improve your trading performance until you are able to monitor your performance and that requires some form of technical standard that you apply and to benchmark performance against. Unfortunately feelings is not exactly quantifiable to address shortcomings.
(3)Trading involves TA and actual trading. This means left hand chart analysis and a trading process that you follow. TA itself is not trading and you are confusing the two. You are spending two much time on the former without actually understanding what is involved in the latter.
(4)Trading is not just about methodology but psychology. Demo accounts do not address the latter characteristics. You need to get out of this big account equity and big lots in demo and actually use a level of equity and position size that you will likely adopt when you go live. You need to replicate identical environment. That will help in transitioning to the real world. You need to understand position sizing do have a significant impact on trade performance and risk of ruin. Going about it ignorantly will not help to set up correctly for future success.
If I were to sum up your situation, a little knowledge is a dangerous thing. You basically do not know what you do not know. Having said that all of us has been through this path and requires time, and expenditure of effort in the right areas.