You might want to take a look at this http://www.forexfactory.com/showpost.php?p=1512046&postcount=28 Besides that it sounds like your running your stops too close to the price.

Discussion about how to Properly move your Stop Loss

I would recommend a book to all of you here that I just finished...... "Fooled By Randomness" by Nassim Taleb. After you read it let me know what you think of the market and winning at this game. As to trading ... I still only use a couple of MAs ...

TA self fullfilled prophecies... what a joke.

Maybe it's time to simplify your technical system.

1KT-Voyage

they confirm nothing....... everything you need is already on the chart.

EOD -1 day hold

And the bastardization of a simple system begins.... geee what if we add this indicator, or that indicator.... they are based on what is already on the chart...PRICE.

EOD -1 day hold

And right back at ya....... and keep up the good trading

LeonLorenzo Breaks the rules.

Gotta agree with you on one thing... I am old....... now regarding the wise part? I'm not so sure about that, but thanks for the compliments.

Easy Daily System

my journal 2009 I will be posting the trades as they happen. Sorry about hijacking this thread. this is my last post here. The system that is the core to this thread in post 1 is very workable, not very exciting but then a good profitable system ...

Easy Daily System

Weighted Moving Average

Easy Daily System

new entry daily......

Easy Daily System

7 period WMA and 7 period SMA, 100 pip SL 200 pip TP still the crossing of the MAs

Easy Daily System

TP is trailed daily. at least thats my method.

Easy Daily System

Here is a similar system 88 cross method and for the stats you can click on the my journal 2008 link below.....

Easy Daily System

Of course it could be worse..... I'm reeeeeealy glad I'm not a proctologist....

LeonLorenzo Breaks the rules.

I am a Denturist, the public can come to me for their dentures and partial dentures... they get to skip the dentist unless I see some pathology and send them in..... Just getting tired of being in peoples mouths.

LeonLorenzo Breaks the rules.

Once my account is at a good income generating point I sell my business and I AM DONE WITH PEOPLE.....

LeonLorenzo Breaks the rules.

have you sat down and put your rules on paper yet? Kinda get them cemented so they will become automatic. even then there will be times when you brake them, believe me I know... been there done that..... and my system is about as simple as it gets. ...

LeonLorenzo Breaks the rules.

There are no systems that don't suffer from drawdowns...... just don't let the losers be bigger than the winners. Learn money management and trend following...... those will take you far.

Can I make $10 per day with $500 cash?

Just a couple of MAs and the ability to be flexible and change course with the market. I am a trend follower.

Best single characteristic of a trader?

I think you would be far better off trading longer TFs and going for the trends..... after you have made some money and gained experience then look into scalping if your still interested in it.

Success Stories--Those without Harvard Education, Aweso Mentors, or Genius Intellect.