Posts Tagged pips
The last 3 days were not good for the system and I suffered a 20 pip loss each day. As I traded Tuesday, Wednesday and Thursday, the total loss for the week was 60 pips! I didn't trade Monday as it was the Bank Holiday yet it would have yielded profits had I done.
It's times like this when you consider whether your trading system is going to work for you... the back testing has shown that 3 days in a row of losses is rare but when it happens, your confidence in the system diminishes and the d
June 4, 2010
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I still haven't updated the charts from last week so I'll need to do that still... however, I was excited about trading since the testing has shown the systems seems to be profitable over the long term. You can never be 100% sure of any trade so long as you win more than you lose.
Anyway, I have decided that it looks more profitable to put in an order for either direction. I am not doing the OCO (One Cancels Other) trade anymore.. I will buy if the market goes above the upper line and sell if
May 24, 2010
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Well, as I mentioned, I spent the whole week from 17th May on a business trip. I had looked at the charts every day and wondered how the system would have worked if I had traded it. Here are the charts!
17th May
I just flew into Africa in the morning. However, a long would have been triggered and 30 pips would have been in the bag
18th May
It wasn’t easy to put on the trade today.. I was in a conference and had to fire up my email and put in the order. I had put in an order to
May 22, 2010
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