Working towards CME membership
GRANDPA of MM - Stake 100% EQUITY with 100% SAFETY 3 replies
100$ -->100,000$ (period: 12 months) 207 replies
Gutenberg money printing machine.. 100 to 1.000 to 10.000 to 100.000? 15 replies
HVR 6/100 and 10/100 with a 50% ratio 0 replies
100 pip STOP for a 100 pip Target 7 replies
DislikedUSDJPY = 11/12
GBPUSD = 7/12
So there you go, a mistake was made in the GBPUSD trade. A trade I shouldn't have taken due to the fact the score was less than 10/12
Another note. If the PAIN values are negative and the Price change are all positive, then they cancel each other out, and pretty much move on since the max score after that would be 6/12 way below my minimum requirements of 10/12
ex:
pain(5)<0 pain(10)<0 pain(20)>0, score = -2
price(5)<0 price(10)<0 price(20)>0 score = -2
so the score is actually 4 not -4. Basically sum up the negatives and the postive and take the difference
If they are all negative or all positive, then take the absolute value and add it up. And you basically will trade the direction of the sign.Ignored
DislikedHilmy,
First trade was on 11-8-06, you're almost at the 100 mark. Did the last series of losing trades set you back a bit? I'm assuming your 2 month run will generate a profit. Good work and way to keep focused... losing streaks can be very unpleasant - it takes a pro to stomach them.
Nice work.Ignored
DislikedSo how do you like your method. Have you made changes through this 100 trade process? Will you continue with your method? Try to expand it or completely try different approaches? Just curious to see what kind of light has been shed after this experiment.
MMIgnored