Jan 7

Over the past few weeks, I felt that my manual trading was doing poorly but my overall profit was held up by my EA. This concerns me, because given the MT4 statements, I found it hard to extract my manual trade data. In an effort to make sure my manual trading system is properly debugged, I have decided to open a new demo, that only these trades run on.

I opened the account yesterday, and so far I am up, but my win loss ration is 2 wins, and 1 loss.

Going forward, I have decided to hunker down my manual trading. I think I was getting to anxious to trade.
The following rules are being reinforced:

1. Trade on the H1, wait until the initial signal candle closes and wait for the second to confirm
2. Trade has to be confirmed on the H4, and somewhat supported on the D1
3. I will take trades on the H4/D1 if I see an opportunity, but I still have to be into the 2nd candle.
   
4. Proper money management
5. Plan the trades.
   
6. Use support/resistance as the guide for my.
7. I want to limit myself to 3 trades per market day. This should limit my wanting to pull the trigger to fast.
   
8. Wait to pull the trigger as long as possible.
   

Here were my trades so far
2009.01.06 22:43 sell eurusd @ 1.3499 Trailing Stop hit at 1.3467, + 32 Pips

2009.01.06 22:44 buy usdchf @ 1.1178 Trailing stop hit at 1.1178, + 0 Pips (Good trade, but need to clean up my trailing profit strategy)

2009.01.07 03:40 sell usdchf @ 1.1153 Manual TP at 1.1029, + 124 Pips

2009.01.07 12:27 sell 0.10 eurusd 1.3604 S/L at 1.3655, - 51 pips (I still believe in the trade, but should have checked the news times first, the price seems to be coming back around)

Trades I am looking at:
I have a sell stop on EURUSD, at 1.3580 (one pip past barry's support) with S/L at 1.3638 (Using the H1 uptrend in case we are in retracement and not direction now), and a TP at the day open of 1.3503. If I see good price action, I will move this to a Trailing stop. The H4 lines up, the D1 looks like we are below the shi channel but not my LRC so I am a little nervous.