Disliked100pips thanks for your opinion on nzdusd. like i said i entered short without doing my usual chart analysis. a bit adventorous, silly of me. but i guess i was just in the mood for taking a chance. and having made £1000 on selling ARM Holdings, i just couldn't care less. just wanted to be a bit of a rookie for a change ! i just hope it doesnt come back to haunt me. i will keep the short open as long as it hasnt hit my stop loss. i will add further shorts at the appropriate levels, and hopefully should be able to come out with some profit. i...Ignored
Hmmm..... Not sure I really agree with this post all that much, however, if you would like a vouch from me here is what I suggest.
For your next 50 positions I suggest you post charts like FishCoo and I have been doing in order to track your actual trades, current open positions and total closed profit & loss while using this system.
Below is an example of what I want to see from the other members and is useful to this thread:
D1 MACD - Up (1st chart)
H1 Williams % - Over Sold (2nd chart)
Current Open Positions (3rd chart: note that the EUR/USD trades were all opened when H1 was in over sold territory and D1 MACD was Up)
*It would be nice to show some actual profit and loss using this strategy. We don't have a 90% win rate for our trades, however, our wins more than take care of our losses. Once you can show me that you are actually trading this strategy using charts and correct analysis I will vouch for you.