Bless you, Alphahavoc! Thanks for that video, it was interesting.
I can tell that you are very intelligent, and you can think on your feet and adapt to situations quickly. I think you know that too.
Is it possible that those undoubted strengths are also turned into weaknesses? Are you trying to outsmart yourself?
Just some food for thought from a friend.
What has happened here @alphahavoc!!? 
I haven’t been following this closely but last i looked you were breaking through $700 level? That was only maybe a week ago?
Are you really down to under 100? How?
Or am i missing something here?
I cannot believe it
EDIT: Two things I noticed
Hey Alpha!
I hope you’ve noted down your mistakes and have plans on correcting them. Don’t give up, stay strong and watch the money come right back in.
Been a while since a last came back to BP and this was one of the first threads that I read; I actually really wanted to see success, not on a personal level for the OP but more so as evidence that one can succeed in a ‘retail’ forum!.
I like this thread, unfortunately for the OP though it’s a perfect text book example of what not to do, emotions against reality of staying cool, calm and collective. Not to mention the obvious error of letting the losing trades run, hedging against a loss and trading against the HTF trend.
Time to reload his account and take those lessons on board!
Remember???
“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.”
“The good fighters of old first put themselves beyond the possibility of defeat, and then waited for an opportunity of defeating the enemy.”
“One hundred victories in one hundred battles is not the most skillful, subduing the other’s military without battle is the most skillful.”
Sun Tzu, The Art of War
You will do better next time!
Win
Though it is really a sad situation for you @alphahavoc, yet I don’t have any word to encourage you. However, I would only paste here one of your Never Give Up Message posted on someone else thread.
Best of luck my friend.
Words could not express how i feel at the moment. I would like to thank all the Babypips member for their heartfelt support and encouragement.
Last week, i snapped and my Live account went bust again. After i went bust, i couldn’t stop asking myself. “Why didn’t i step on the brakes? I could have accepted a smaller loss and start over again on a positive note.”
Viper was right. I was revenge trading. For me, accepting a loss of $200 was a bitter pill to swallow. It took me 4 weeks grind to gain 45% and just a day to lose 20%. That thought was psychologically hard for me to deal with. I lost control of myself and traded intensively. I even manage to recoup my 40% gains but i didn’t stop there, I continue to trade aggressively. Karma eventually catch up with me.
Over the weekends, I kept going thru my mind on what was the cause of my demise. I snapped but why? I couldn’t find an answer. Am i really such a sore loser. Why can’t i accept a big loss and continue trading in a rational manner? Am i such an irresponsible person? Evidence have proven that i am uncontrollable when i snapped. Money management ceased to existence.
Basically, i had lost control of myself. The cool and rational self of me was not there anymore. Despite having someone like Viper to remind me, my ego simply put up a wall of deafness.
I snapped on the 5th week. For the 1st to 3rd week, i was utilising a max of about 15% of leverage, and i was still coping alright. Into the 4th week, leverage increased beyond 20%. After that, tension builds up, and i seem oblivious to the fact that i was threading on thin ice. It was like the story of the boiling frog.
Last week, I was in a state of despair, i am so sad and feel as though the world is caving in. At first, i felt insignificant and worthless. The whole world knew that i bust my account again. It was a really embarassing moment for me and i just felt like running away, don’t really feel like talking about it. However, if i keep running away from my fear, when does it end? I will not be able to move on. The only way for me now is to fight it. Face my mistakes, acknowledge it. Decipher what went wrong and implement a plan to prevent future occurrences.
I was coping fine when my use of leverage was confine within 15% boundary. The success of 30% gains in 3 weeks time got me Euphoric. I became risk intolerant. Risk management became insignificant and was completely ignored by me.
After much contemplation, here’s my plan to cope with losses. For every ONE trade closed on a negative note. I will have to perform one demo trade, and it needs to be closed on a positive note, before i can return to make another live trade. My use of leverage shall not exceed 15% at any point in time.
With the help of my youngest biological brother, i got to reload my live account today. However, at the moment, my confidence level is overwhelmingly low, and i dare not make any trade. Perhaps, i shall perform 3 demo trades and get at least 2 out of 3 correct, before i proceed to live trade.
Oh! Welcome back Alpha…
I’m actually happy to see you return back #thereturnofAlphahavoc2
I am sure the outcome would be tremendously wonderful this time
cheers!
AND MAY THE PIPS BE WITH YOU 
courage. Every one in the trading business make those mistakes. Trying to fight against you and human nature is hard and need training… about training… my advise is not to return on demo trading because you won’t have to deal with your fears/greed anymore like when you trade live. Best of it is keeping live trading but seek for broker with cent account. Put 30$ or 50$ and you can trade like you got 3000$-5000$ with same leverage and overall you get margin like when you go on standard account. Because that the capital you need at least on standard account to survive… less than that you just got margin call and give it to the MM.
best regards,
@alphahavoc, I see you have decided to utilise… an MA Slope Oscillator (with Signal)… makes the chaotic mess of candles and glut of MA’s on the chart look far to complicated for mere mortals to choose a definite market direction…
Backtest how much more profitable you would have been just trading off the Oscillator’s arrow signal…
Just have to tweak the periods and MAType to get a smooth accurate colour change (ie: EURCHF)
So, so simple…
Buy the way… Alpha unfortunately overlooked sharing this great Indicator with all of us so I have added the link FREE download.
26 SEPT 2018
1853HR SGT
Today, I managed to bag 52 pips with my 4 demo trades. I got 4 out of 4 correct. I shall proceed to Live trade soon.
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26 SEPT 2018
2332HR SGT
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細佬, welcome back.
A few observations.
You need to wipe the slate clean and start over. Learn to read what the market is doing, not what you think it will do.
Confirm your context. Whatever that system is that you are using did not keep you out of those bad Yuppy trades, you need to learn how to read patterns, and overall market direction. A good trader can out trade a “system” anyday.
Get a handle on your emotions, if you are doing this for any other reason than to make money, you will fail.
Leverage: trade at the us$ equivalent of .01, until you have at least 6 months success, I would normally recommend 1 yr, but since you have been bouncing around here a bit the 1 yr may not be needed
3.5 % on all trades as an aggregate
Your hedging concept is not done in the professional world, it is worthless.
Stop trying to reinvent the wheel, learn about the pair you are trading, watch it till you understand how it moves.
Adapt what is useful, reject what is useless, and add what is specifically your
own.
Knowing is not enough, we must apply. Willing is not enough, we must do.
“Showing off is the fool’s idea of glory.”
“A quick temper will make a fool of you soon enough.”
I strongly recommend taking all of those indicators off of your charts, then put only one, LRC set at 22, and then just watch until it makes sense, and you can see the moves. practice drawing trend-lines and channels until you see them in you mind without drawing them. Then work on drawing levels till you can see them the same way as the trends. Start with a daily fractal, and work down to 15min, identifying trends and levels. This is a good base for attempting more advanced techniques.
The Ever Aware VIPER
“Fear comes from uncertainty; we can eliminate the fear within us when we know ourselves better. As the great Sun Tzu said: “When you know yourself and your opponent, you will win every time. When you know yourself but not your opponent, you will win one and lose one. However, when you do not know yourself or your opponent, you will be imperiled every time.”
PS algos
27 SEPT 2018
0227HR SGT
It seems that i’m off to a good start! My 1st 4 live trades managed to hit my targets.
Thanks Viper. 
I’ll constantly remind myself all of your advice. I’ll re-look Linear regression Channel from a multi timeframe perspective as well.
27 SEPT 2018
0310HR SGT
My 5th USDJPY trade hit target as well. After hitting my target, price promptly retraced back to my entry point. I’m entering another long position again.
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Trade review 26/27 SEPT 2018
My Total 0.01 lot Long GBPCAD had an average price level at 1.70878, hit target at an average price level of 1.70740 (+38.9pips), Maximum drawdown reached 1.70740 (-13.8pips). Risk : Reward ratio 1 : 2.81 , I have highlighted the average positions level with blue horizontal line on the chart above.
My Total 0.01 lot Long USDCAD had an average price level at 1.29710, hit target at an average price level of 1.29850 (+14pips), Maximum drawdown reached 1.29600 (-11pips). Risk : Reward ratio 1 : 1.27 , I have highlighted the average positions level with blue horizontal line on the chart above.
My 0.005 lot Long USDJPY at price level at 112.923, hit target at price level 113.051 (+12.8pips), Maximum drawdown reached 112.900 (-2.3pips). Risk : Reward ratio 1 : 5.56 , I have highlighted the average positions level with blue horizontal line on the chart above.
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多謝 S.
The Sometimes Offshore VIPER
27 SEPT 2018
0357HR SGT
My current USDJPY Trade is hedged between 112.693 and 112.768 with a floating loss of -23 pips (≈ $10.48).
Linear regression channel on both 15min and 30min charts are showing bearish momentum. However, Regression band are showing mixed sentiments on both 15min and 30min charts . I would stay out of USDJPY trade for the time being.
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27 SEPT 2018
1908HR SGT
27 SEPT 2018
1942HR SGT
I just entered a 3rd Long 0.005 lot GBPCAD at 1.71505, target 1.71661, stop loss 1.71199
Use of leverage : 4%
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Trade review 27 SEPT 2018
My Total 0.015 lot Long GBPCAD had an average price level at 1.71581, hit target at an average price level of 1.71798 (+21.7 pips), Maximum drawdown reached 1.70740 (-15.9 pips). Risk : Reward ratio 1 : 1.36 , I have highlighted the average positions level with blue horizontal line on the chart above.
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28 SEPT 2018
0121HR SGT
28 SEPT 2018
0800HR SGT
Both of my GBPUSD and GBPJPY Shorts managed to hit 1st target. Current Buy stop order for both remaining GBPUSD and GBPJPY Shorts were adjusted to lock in profit at close to break even level.
Use of current leverage : 3%
GBPUSD look rather sluggish, i decided to closed position manually. My buy stop order for GBPJPY was changed to a stop loss order instead at 148.501, locking in profits at close to break even level.
Use of leverage : 1%
28 SEPT 2018
0909HR SGT
2 more 0.005 lot GBPJPY shorts were entered at 148.410 price, 1st target 148.299, 2nd target 148.199, buy stop orders at 148.501
My latest two short 0.005 lot GBPJPY just got hedged at 148.501. I have merged both 0.005 lot short GBPJPY into one short 0.01 lot GBPJPY. Currently, hedged at 148.510 with a -10pips floating loss (- $10.54)
28 SEPT 2018
1200 HR SGT
Just added 2 Short 0.01 lot GBPUSD at 1.30770, 1st target 1.30699, 2nd target 1.30599, stop loss 1.30901
Use of leverage : 6%
Took my 1st hit of the week, i had a total of 0.02 lot short GBPUSD opened at 1.30775, hit stop loss at 1.30901. My lucky streak just came to a halt. The most irritating part was that price hit my stop loss, promptly reverse and hit my 1st target. My stop loss was too tight. 
As i had promised to myself, i shall go back to demo trading, obtain a positive result, before i return to live trading again.
28 SEPT 2018
1538HR SGT
Demo trades
Shorted 2 position of GBPUSD, 1st target 1.30599, 2nd target 1.30499, stop loss 1.30901
28 SEPT 2018
1647HR SGT
I managed to score 2 wins for my GBPUSD demo trades. I’m returning to live trade again.
1759HR SGT
Just enter a 3rd 0.01 lot long USDJPY.
29 SEPT 2018
0110HR SGT
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Trade review 28 SEPT 2018
My Total 0.02 lot Long USDJPY had an average price level at 113.455, hit target at an average price level of 113.528 (+7.3pips), Maximum drawdown reached 113.316 (-13.9pips). Risk : Reward ratio 1.90 : 1 , I have highlighted the average positions level with blue horizontal line on the chart above.
Trade review 29 SEPT 2018
My 0.02 lot Long CADCHF at price level at 0.75494, hit target at price level 0.75541 (+4.7pips), Maximum drawdown reached 0.75460 (-3.4pips). Risk : Reward ratio 1 : 1.38 , I have highlighted the average positions level with blue horizontal line on the chart above.
Sad to hear this ugly losses Alph. It must be extreme frustrating experience. I know you, you’re human, you make mistakes but you never give up and a very good helper.
When you bump to my silly baby journal, you became my first favourite trader here in Babypips, ever.
The Ever Loving Arobun. 
No worries, that was just my last error. I have move on already. And because of my final glitch, i installed a risk management plan of going back to demo trading the moment i hit ONE loss. I had this thought in the past for a long time, but never execute it. I’m finally doing it this time round.
By the way, it appears to me, you are quite a talented scalper. Just a word of caution, you may want to work on your Max drawdown versus reward. You are trading without a stop loss. That’s how i snapped the last time round.
Eventually, you will encounter a huge Max drawdown beast and all the positive pips will go down the drain in an instant. The last time round i also have this refusal to accept that i was wrong in my analysis for EURJPY, which contributed to my downfall as well. I was like a stick in the mud.
There are 3 ways to handle drawdown.
1st is a tight stop like 1:3 or 2:1 risk reward ratio. ( easiest )
2nd is a stop loss like 1Atr or 2Atr away, complement with a bit of averaging to mitigate risk.
3rd is a hedge position at say 0.5 Atr or 1Atr and releasing it appropriately at a certain time price level. ( The hardest skill to acquire )
