A couple of things to think about.
1. When you open a position, ANY position, you need to know that if all goes wrong, that you can fully afford to lose the amount you have your stop loss set to.
This sounds like obvious logic, and it is, but often one tends to try risk more than what is safe to get that extra dollar. So it often gets pushed into the background. Don't allow your greed gland to overide the obvious.
2. On daily charts, the movement that the price ranges between means that you can only safely trade with fractions of a percent of your balance, and you are looking at trading long term rather than catching the short term money. So if you intend to trade on the daily charts you need to look first at the monthly charts to get a longer term view.
3. As far as indicators go, they are all hindsight instruments. They are delayed by their very nature, and can only represent patterns based on past movements. The bars themselves are the closest you can get to real time indicators, and even they are past tense.
4. If you are trading short term trades, do not EVER forget to be aware of when the various News events are due to occur. It often happens that a perfectly good trend for a quick 20 pip trade gets turned on it's ear by a news situation. If you are in a trade and a news event is about to happen, it is always good to tighten up your stop losses.
5. Most important of it all..... If you rush, you crush.
On this Friday just past, I was in a long trade on AudUsd and it was going way south. So I was hedge scalping with NzdUsd shorts to keep it alive till the retrace. All was fine. About 20 minutes before market close, I began to calculate exactly how many lots of NzdUsd I would need to go short with to keep an even keel till Sunday opening. I then put in my short, only to discover that I overlooked WHICH pair I was opening the trade with. It ended up being AudUsd. I trade with Navigator (not MT4) so going short with an live long in the same currency closes the long, while on MT4 it would have said 'Hedging not allowed'. So basically by one 'small' oversight, I trashed my account.
The two things I did not pay attention to which are paramount. I traded with more than I could afford to lose. I rushed what should have been a simple trade.
"Whatever you focus your attention on, your consciousness becomes." - Lex Lungold.