here are the results for this week, still not good but still learning.

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impulsewaver said
Hi mshand glad to see you have joined here is a chart i normally don't trade this small of a timeframe but i spotted this trade and took it, talk with you later Ted

by the way this was a short missed my target by less than 1 pip and stopped me out, that should teach me where to set my profit target. happy trading

 

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mirror flip SR area backed up and narrowed down by that SD area you were watching. only thing I would have done differently is put the TP just before the low of that 2nd box (2nd obstacle)

thanks for sharing, very applicable trade to this thread so far, this is a very we'll confirmed bit of M5 structure for a higher time frames CT wave, allowing you to safely participate.

by the way this was a short missed my target by less than 1 pip and stopped me out, that should teach me where to set my profit target. happy trading

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I'm a pretty new member and am currently watching how price reacts to the supply / demand bands and working out how the ATM systems works.  I think it's great you are sharing your results, positive and negative, would it be possible to post up a screenshot of your trades as well please?

Mark.

    As always you are very supportive, 

this is last weeks ending results, had 2 trades both were in profit only set chf to break even +, which both inevitably got stopped out.

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I am a big advocate of making trading fit your life and not the other way around so for now you don't have to sit idle, just adapt it to suite you until December. You say you are working a lot so why not just put aside 10-20 minutes a day for your trading. Use the Daily chart so that you only have 1 candle a day to analyze and work 4 or 5 pairs. You can use a tool such as the "P4L_PeriodCon.mq4" to make that Daily Candle close at the time of the day that you will be available for 10-20 minutes. You can also do the same for 6, 8, or 12 hour candlestick charts and just observe the candle closes that suit your schedule. As long as it is divisible by 24 you can set them up and then you can offset their close time so that you can maximize your schedule vs amount of close times you can catch. Food for thought.

Theo

PS. If you do decide to upgrade in December then email me before you do so we can trade in your EFX $$$ to put towards it.

        You are correct i Haven't had much for patients lately and i think that does have a lot to do with most of the trades i have taken. I have been working 6 days a week 12-14 hrs a day with a total of 3 hrs drive time on top of that. I have been rushing in to trades and not doing the correct analysis, which in turn has hurt my trading significantly. Regardless of my excuses when work slows down in December i will be updating my membership (if available). Until then I will keep posting and learning what I can. Thanks for your support Theo.

                            Ted

The most important thing you can take out of this bad month is the lesson of patience, it is probably not the first time this lesson rears it's head, and it probably won't be the last time. What you need to do now is to go back and review the month at least and make sure you see where you went wrong and where you should have gone right. For example; we had a perfect H4 double tap setup on the GBPUSD to turn the Daily for it's next pullback on the current uptrend that has been in play for a while now. A great trade to end the week that went straight to it's D1 target area even.

Anyway, you should review all of the pairs you were following and try not to only see the Triggers that may have caused you to enter the winners, but also the Triggers that were valid and would have caused a loss. The best way to do this and not get tunnel vision on the winners is to set yourself up the month in MT4's backtester and pay it through one candle at a time using the "open prices only" setting, speed at it's slowest and hitting play-pause-play-pause which will move it 1 candle at a time.

Cheers,

Theo

       Understandable I have been so tired lately that i can't even bring myself to turn on my computer, especially after last posted trades. Last week I had no trades at all so hopefully this week i wont feel so tired and be able to focus on what i am doing and not just jump in like the other 90% of traders do, lol, thanks for your support Ted