uberpips
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Definitely reduce your exposure until you've had a good few winning trades on the bounce.
What concerns me right now is that this system can only be successful when it wins more trades than it loses, rather than being successful from a good risk vs reward ratio. In addition to FMT, I trade on a daily time frame using price action with low risk (2%) and high potential reward (4-8%), which right now is much more profitable - even though I don't win a lot of trades!
FMT is currently losing more than it wins; add to this the 1:1 or worse risk vs reward ratio, it doesn't do much for a positive trading psychology.
I'm down to 1 mini lot until this crap is over!