DislikedThexder,
first off, I have been through where you are at mentally...trying to rationalize this or that system......I went through that about 15 years ago.....What I am telling you is that if you trade this system on a 4hr or higher timeframe using sound money management, you will make pips, and lots of them.....I personally have pulled over 4,000 pips from these Yen crosses in the last 2 weeks....I guarantee that will more than make up for any little 50 or 150 pip whipsaw that I endure until the next trend shows itself......
Once again I think you are still missing the point.....it is not the system.....you can even flip a coin as long as you manage your money effectively. I only have positive weeks about 45% of the time.....which means that about 5-6 of every 10 weeks I am down on the week......but the number that is most telling is that my winning weeks are about 3.5-4 times larger than my losing weeks....I still pull many pips from the market when you look at it on a monthly basis......it has NOTHING to do with the system.....is has everyting to with the fact that when I am wrong, I only lose a small portion of my capital...but when I am right, I squeeze them until they scream for mercy....I will ride a trend for as long as it will go....weeks or even months adding every time we take out a new peak or valley.....
Don't waste your time trying to fix the method, spend your time fixing the things that you have control over.
Best of LuckIgnored
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly
- | Joined Oct 2007 | Status: Nomad | 1,144 Posts
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly