One simple system can change your life

Journey to 2010 to 2020… Long time right… I follow many articles and many trading systems but from starting I follow the 200 EMA most. In my every system I apply this Indicator to see the trend direction. Every time I failed for my emotions, greed and overtrade. Those bad habits kill my good trade every time. Most of the trader leaves trading in that stage but I stick on my own plan and try to control it. As you know there is nothing impossible for a man. So I started to find my weak point of my mind and my trading system and finally I am doing much better than the previous time. Now trading is like a simple game. My advice to all new and old trader who is struggling, Just keep the focus on you. Listen to your mind and do your trade with a specific session or timezone.

I am giving one of my trading account journal here so that you guys can see and motivated.

fxblue(dot)com/users/fxzonebd1

Let’s talk about your trading style and what things are the main reason for your loss.

This is good. Its only necessary to be slightly good at just one thing which is actually quite simple. e.g. Walmart.

I’m a trend trader, with a bulletproof strategy, now profitable for three months, which I hope would be maintained.

OP has the right idea. This is a supporting personal anecdote. To start this off, I’m at the end of a 7 month losing streak.

Greed and ignorance played some part in my losses, but not as much as one might think. The main reason I lost money was the exploration and trial & error needed to figure out what works for me. I rejected conventional wisdom to have a proven strategy before trading with real money. This is because I couldn’t convince myself of the “lie,” so I didn’t trade realistically with the demo. This wasn’t for lack of trying: I traded demo for about 3 months, it just wasn’t compelling to me. I had to actually risk something to grow, so I chose to start live trading and become proficient at protecting my capital.

It took me some time to realize I do best when I trade reversals at strong areas of support and resistance. To trade productively given the work / life constraints I have, I always use pending orders. Perhaps the biggest technical challenges for me have been finding a reliable enough setup for a pending order, filtering out the weak trades, building sufficient confirmation into the entry, and being on the right side of the market.

Until a couple of weeks ago, I traded price action only. Then I decided to comb through my trade history to understand what my most profitable trades had in common. Based on my findings, I added an oscillator to my strategy and trade only if a price / momentum divergence occurs at support and resistance. Thanks to this breakthrough, I’ve improved from a net -421 pips between August and October to +77 pips between August and today in just a couple of weeks.

As far as I can tell, the “one simple system” is discipline and relentless self-improvement.

Yeah man… you are right. Simplicity is great

Great. Wish you all the best in coming days :slight_smile:

You have to make a good plan to become successful in this risky market.

Simple plan with a good risk management. That’s it.