What a great ride so far even with non-stop studying into the late hours every single day, only sleeping because I am at a point where my vision is becoming blurred and coupled with an account draw-down of 14%; I am not discouraged one bit. Rather, I am even more determined to continue tweaking my trading and have been gradually reducing my avg daily losses. I figure that's probably a safer way of doing it instead of setting a daily profit target (for now).
I hope to use this thread as my journal...If I am lucky I'll get pointers from some of the more experienced members who may drop by in here.
Contrary to popular advice I started to learn (still learning of course) trading on the lower time frames - all my micro lot trades are executed on the 15m and the hourly and daily for direction.
My most recent trade:
Price Action is bloody brilliant I wish I was told to just study that from day one - it saved me from that sudden drop. I guess watching Price Action for 10 + hrs a day you start to get (dare I say) a feeling for these kinds of things.