What you said definitely makes sense - getting positive interest in long term while holding a losing trade. The amount of capital at risk is low, low enough that it is negligible if locked-in for months and years, i.e. it doesn't take up your margin ...

Since last posted I acquired a long position on AUD/USD as well, we'll see how far it goes.

All things considered great stuff how many people's got your record? The hardest part is to let go of the motions and don't feel up and down, regardless if you are up or down, eh?

Do you mean that regardless of the current market conditions, the method of entry, exit, stops should remain constant?

Your entries, exits, stops are consistently realistic - hence your good record. I think you are being modest calling yourself a rookie, I guess good way to keep our egos in check? Good stuff, I will check back routinely

Thanks for the updates, good to see what a pro is doing.

I think he understands the risk involved and how to manage them. He has trades lasting many many months and taking profit the first sign it looks good. His way is proven for the past 2 years. Good trading Prachait.

That is all we can do Keep on aligning our trades with the market and take small losses along the way. Cheers.

That is exactly the risk. We change our expectations of the market every second to every minute, along with it, the parameters of new trades, and current trades changes. What seems like good entries, stops, exits can and will become bad fairly ...

Very nice 3 time frame analysis. How long do you want to hold this trade?

Your GBPCAD trade looks very good, i.e. continuation after pullback. I was considering the same trade last night.

That's a good entry, at the edge of price levels, giving you a good, small stop loss. The exit is good too, at the previous low. Although the first swing down didn't hit it. Very realistic entry and exits, I'd rate that an A.

I like your draw downs. Seems like you have the patience to wait for good trades - that makes the losses worthwhile, doesn't it?