[danielfx]

hi mick

trust me, you're not the only guy losing from time to time. i find trading is closely connected to my ego. if i win i feel good, if i lose i feel bad. it's not easy to admit that you are a struggling trader. i don't get as emotional anymore as i used to. i'm sure i understand the feelings of inadequacy that you are feeling.

i have read countless forums on strategy and systems etc. a lot of them i paper traded in the live market to check them out. many don't work as well. historic backtesting and live paper trading is not the same thing. the results can be quite off.

many systems are so complicated. too many indicators can confuse you and give too much info or even conflicting info. this makes doubt creep into your trading decisions.
try paper trading these 2 systems out.

if you like shorter trades:

use a 15min chart
use a slow stochastic 5,3,5 [or 5,5,5 is smoother but turns slower]
use a rsi 14 per
you can even use a 14 per envelope at .2/.3% to help id sup/res in a sideways market

now you want to trade in the direction of the newest short term trend. if the rsi is above the 50 line look for longs, if below 50 look for shorts. if the stoch gives a bullish cross anywhere in its window and the rsi > 50, then go long. for shorts it's the opposite. put your stop at the last high or low formed. this gives you a couple of trades a day with a low risk per trade. if the market is sideways, look for stoch crosses when the market is at or near the sup/res of the envelope lines.

for longer term trades:

use a 1hr and 4hr chart
use a slow stochastic 21,3,5 on the 1hr[or 21,5,5 is smoother but turns slower]
use a rsi 14 per or a default macd histogram on the 4hr

again you want to catch the bigger swings. use the 4hr as your filter. trade on the 1hr using the stoch. trade the stoch in the direction of the macd histogram bars. if the bars are ticking up, go long etc. put your stop at the last major high/low on the 1hr chart. you should get a 55-65% win average.

happy trading

danielfx