Current standing, November 25th 2010: I've made it past the initial hurdle, or will be the 10th...? I've obtained a profitable system! Would you think that?! Oh it feels really good!
It is entirely technical, no distinct decisions at all, without any fundamentals. Backtested the **ker for ten decades, and it's got drawdowns, but nothing good old MM can not take care of. Been trading it for a little while now, and it's attracted 11 percent to my account.
Naturally, there are no guarantees that it'll continue to be profitable, but the chances are good. It has got a couple of crucial compontents. Additionally, it is simple and straightforward.
I am also aware that there are more hurdles ahead but they'll enhance my system.
I will not share it. I've been taught (Thank you so much! You know who you are...) that one has develop as a trader (and as a person) by yourself. It makes findings that more clear and one accomplishes a greater understanding for the machine and the indiors in it, and how they operate on the inside.
But I am Pleased to discuss another system. I exchange it on EU 1H. There's a summary in post 397 in this thread. Please feel free to comment and/or as questions. I've been trading it for nearly two months and since that time it's added 16% (2% risk) to my account.
Three threads that has been very useful:Https://www.cliqforex.com/trading-sy...ys-course.html CrucialPoint (excerpt from my trading journal over time ) Jacko's Forex House of Pleasure and Pain
The aforementioned was added AFTER this thread was started. Below is the original first post.
Hi *,
I've been trading for a couple of decades, give or take a couple of months. Stocks, stock options, FX, scalping, indiors, this particular system and that system. Lost approx. 10% on a 15K account, went straight back to some 2,5K account and dropped approx. 75 percent of that. Got kicked in the a** by volatility. Etc, etc..
However, I just can not feel that I won't eventually succeed. As of JulyI changed my egy (again...) to trading daily charts just. Buying or selling, together with the principal trend, in the conclusion of retracements. Maybe I will publish this egy in greater detail later, but I've pretty much got all of it from different threads here at FF.
I must say (even though it's a common newbie statement), please bare with my misspelling and bad grammar. English isn't my first language.
Anyhow, go on and learn some thing, or, more likely it seems, have a good laugh on my behalf. More inclined as from the 95 percent will fail rule...Pro's: Feel free to post constructive criticism. Newbies: Don't repeat my mistakes!
Until later, have a nice day, month and week
Regards,