After 2.5 months, Haley finally broke the 2,500 pips profit barrier. Haley has four subsystems with four GBPUSD buy trades and one system with GBPUSD sell trades. The five trades are currently floating with 169 pips. See attached chart 1.
http://www.ctsforex.com/trial_instal...HaleyAug16.png
I want to discuss about trading edge today. If you are going to trade forex, you must have a trading edge. It is impossible to be profitable in long term trading if you are relying on intuition and pure luck. Attached is the summarized detail statement of Haley. Since May 21 to August 16, 2010, Haley has taken 190 trades. The largest profitable trade is 280 pips and the largest losing trade is -120 pips. Our average profitable trade is 126 pips and our average losing trade is 78 pips. See attached chart 2.
http://www.ctsforex.com/trial_instal...Aug16part2.png
Of the 190 trades, 85 trades are winners yielding only 44% winning percentage. Even though our winning percentage is less than 50%, we are still ahead 2,509 pips after 190 trades. This is what I mean about cutting your losses short and letting your winners run. This proves that our swing trading strategy works and that we do have a long term edge in the market. I hope that this makes sense to you. If you have any questions, feel free to ask.
http://www.ctsforex.com/trial_instal...HaleyAug16.png
I want to discuss about trading edge today. If you are going to trade forex, you must have a trading edge. It is impossible to be profitable in long term trading if you are relying on intuition and pure luck. Attached is the summarized detail statement of Haley. Since May 21 to August 16, 2010, Haley has taken 190 trades. The largest profitable trade is 280 pips and the largest losing trade is -120 pips. Our average profitable trade is 126 pips and our average losing trade is 78 pips. See attached chart 2.
http://www.ctsforex.com/trial_instal...Aug16part2.png
Of the 190 trades, 85 trades are winners yielding only 44% winning percentage. Even though our winning percentage is less than 50%, we are still ahead 2,509 pips after 190 trades. This is what I mean about cutting your losses short and letting your winners run. This proves that our swing trading strategy works and that we do have a long term edge in the market. I hope that this makes sense to you. If you have any questions, feel free to ask.