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$1,000,000.00 Challenge
på
Trading System
Mar 27, 2011 at 08:48
Sounds good.I think the last 2 weeks were so good for your trading since those were very trendy.In any case, take minimal risk until you're sure the system works in the long term. It's very easy to be fooled by the market thinking the system works well after a few trades, only to discover it isn't, after starting to trade real money.
Reasonable monthly/ annual returns
på
Erfaren Traders
Mar 27, 2011 at 08:44
Just lower the risk appetite to test it with real money. In any case, yes, that is very risky in terms of a long term trading system, in my opinion.
Victor
på
Trading System
Mar 27, 2011 at 08:40
Victor, I'm amazed by the simplicity of the method, versus it's effectiveness. Well done.What happens when the market ranges? Do you wait for it to trend?But the way, I've looked at your directional analysis, and see the gbpchf trades aren't profitable. Am guessing those were test trades and you've stopped trading the pair?
My strategy in a nutshell
på
Erfaren Traders
Mar 27, 2011 at 08:36
To avoid the differences between brokers, one should ignore the timing of the trades, and use high and lows of candles instead the open-close.I think in such way, the charts will be identical, only displaced, according to the time difference between brokers.
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 25, 2011 at 10:35
Ok, sl was hit for -81 pips.Results are +82-52-81=-51 pips
Contest - iceberg
på
Trading System
Mar 24, 2011 at 13:54
Looks like a scalping one to me.
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 24, 2011 at 13:46
I see. I trade usually using 1h,4h and daily. Sometimes I even peek at the weekly just to get the larger picture.
Contest - saraa
på
Trading System
Mar 24, 2011 at 13:41
So you're not trading until the end of the contest?
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 24, 2011 at 12:44
That's quite a method 😄But looking on a graph, the chart window can be of any size and timeframe. What timeframe are you looking at?
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 24, 2011 at 11:42
Here we go, a short eurusd:<a href='http://www.myfxbook.com/files/wilkinson/tradeeuro.png' target='_blank'><img src='http://www.myfxbook.com/files/wilkinson/tradeeuro.png'/></a>
Victor
på
Trading System
Mar 24, 2011 at 11:30
Very nice.I see you have trades lasting for over a month - that's quite a long term position for forex.Do you have a clear entry/exit rules? Or is it discretionary?
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 24, 2011 at 11:17
It seems to me gbpusd and eurusd changed their trends...waiting for a pullback to get in for the ride.
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 24, 2011 at 09:27
Canceling that one. After some reviewing, I've noticed I was in a hurry to enter the trade, however I didn't follow my trading plan completely, which makes this trade invalid. The trade was closed for a 0 pip profit and I'm going to ignore it in my results.Still holding the short usdjpy from 81.168.
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 24, 2011 at 08:36
Ok, I've noticed another opportunity, so let's try it - all levels are seen in the chart. The tp is the upper resistance.<a href='http://www.myfxbook.com/files/wilkinson/tradecad.png' target='_blank'><img src='http://www.myfxbook.com/files/wilkinson/tradecad.png'/></a>
My strategy in a nutshell
på
Erfaren Traders
Mar 23, 2011 at 12:36
Well, I thought the trading system methodology question is quite specific... 😀
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 23, 2011 at 12:29
Really?? I guess I am 😀.On a different note, I'm looking at the charts and don't see any real movement in the USDJPY pair. I'm sure as soon as I look away, it will start moving one way or another.
Random or not?
på
Allmänt
Mar 23, 2011 at 12:28
Well said.Thinking more about it, since forex is a zero sum market, it doesn't matter if the price is random or not. If one losses money, someone must be winning it.
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 23, 2011 at 09:57
sure...here's a "slow" one...http://www.youtube.com/watch?v=1xSLpoQdRrU
Delusions Grandiose !!
på
Trading System
Mar 23, 2011 at 08:38
Is there a reason you don't have any open trades at the moment? Do you know something I don't? 😁
Naked Trading Trade Ideas
på
Erfaren Traders
Mar 23, 2011 at 08:36
Slow slow movement! Really frustrating...The coming minutes report (due in 54 minutes) hopefully will shake things up. 😄
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