Also, I wanted to talk about stop losses. I don't know if you came up with something recently, but I personally don't like not using SL, especially with real money... I am not confident enough in my trading right now. What would you think of 100 pips since it leaves room for three entries (25 pips each between sweet spots)?
I don't know if you happen to understand what really goes on with that COG method. I am impressed. I started demoing 1min and 5min charts (EUR/USD and GBP/USD) today and raised my account with 22 wins and 3 losses that could have been wins but I closed them down myself. On 1 min charts, I sometimes observed the COG reversing after my entries but then it reversed again to hit my profit level. Amazing. It's fun, but somehow frightening. I understand price oscillating around a main trend, but I can't beleive such a high win rate.
I don't know if you happen to understand what really goes on with that COG method. I am impressed. I started demoing 1min and 5min charts (EUR/USD and GBP/USD) today and raised my account with 22 wins and 3 losses that could have been wins but I closed them down myself. On 1 min charts, I sometimes observed the COG reversing after my entries but then it reversed again to hit my profit level. Amazing. It's fun, but somehow frightening. I understand price oscillating around a main trend, but I can't beleive such a high win rate.