Sorry I missed this post, I've learnt more the past few days than I thought I would and sometimes the answer is staring you in the face.
I haven't back tested this fully but my theory appears to be working, could be a touch of luck as well.
I have found both
1) a reason to enter a trade
2) a reason to place a stop
I find it difficult to not go chasing if I get it wrong which can become dangerous but having found a reason to enter it gives you confidence and I would be happy to set up auto trades and let them run, perhaps that's where I should be ie just let the trades run
Here is my two cents.
You enter a trade, only when you have identified a highly probable low risk entry, and, if you rely on indicators, or a single chart to identify this entry, then you are wasting your time, and will end up chasing your tail for years.
If you (general) trade without stops, you are a fool, no matter what anyone else says. You never need a reason, it is a requirement. A good approach is have 2 stop levels..the first is your max risk per trade, as in % of how much you have for trading, and even though many will say otherwise, if you go over 1% then you are taking on high risk, which is not the habit you want to get into.
The second stop, is, let's say your "experience" stop, which will get better the more live trading you do, dealing with losers. Do not forget, the better you become at identifying low risk entries, this will automatically make your experience stops better, meaning you can use tighter stops, which is what you want.
Lastly, never worry about profits until you have mastered low risk entries, and always take a % of the AR for the timeframe you are trading, again, the target % becoming better the more experience you get.
Oh yes, unless you trade you will never make money, some seem to forget that, and think they can learn how to make money without trading, as in simulators and course etc. You are always better off to go live with very very small risk, than waste endless hours and money on things that will not really help you gain the experiences you require in order to take money from those who know exactly what they are doing.
Lúidín