Quoting llambert3DislikedJust following along here. I went back to last year and went day by day to backtest the gbp/usd only. Did really well in 2005. The last s/l was 1/3/06 as I was in a sell prior to that. Of course the 1/3/06 daily candle was crazy opposite. But from 1/3/06 to sometime in May or June, I kept getting 60 pips, losing 90, geting 95, losing 80, etc. I basically made no money for 5 or 6 months, then all of a sudden I got a 1284 pip gain on one trade. (By the way, this was with an 80 pip s/l not 10, maybe 10 would've gotten good results during those months so I'll check it out)
I would hope that the other pairs were making money during the non trending time, but it got me curious as to what you would do as a full time trader that needed a monthly income during that period? Have you thought about that?
Also, I apologize for writing so much in your journal. I will try to refrain from writing so much and just read it. I know you want to write STOP to me, you are just too kind.Ignored
As with any method or system it's never going to be perfect but all I'm looking for is some consistency over the long term. I would never give up the day job until I can confidently earn at least twice as much as I do now working - that time may be a few years off but I'm patient
Kind Regards
Steve