I will be starting a new journal for the year of 2012, same method and risk management. I will keep a link to this years journal for ease of accsess to the trade history.
I know there are those of you that are wondering what method I am using..... I may reveal some of the details this year. What I want to do is show you how a simple rule based mechanical system can be very profitable, and I have to say this was a very good year for the system.
I think that showing you the results as they happen is more beneficial than giving you the system....I am hoping this way may encourage some of you to be a bit more disciplined in your trading by seeing the results instead of just being given a system and then setting you loose with all your bad habits to just screw this one up too.
I will try to be a bit more consistent with my post times and keep them closer to the actual entry time which is 8:00 PM PST for those that may wish to follow along. As you may have noticed the trades are infrequent and may last for days or weeks before any changes are made to the position, so being patient is a virtue.
If you have not looked into the references and the link I posted in the first post it is worth your while..... The way of the Turtle can be found online to download if you wish. "The Ultimate Trading Guide" and "The Definitive Guide to Position Sizing" are well worth buying and keeping in your trading library.
Also if you have not looked at David's page and research you are diminished...... David has put a great deal of time and work into his research and is a very valuable resource, again I am indebted to David for his herculean efforts.
Here is his page Forex Trading: Trading Strategies & Trading Systems
As with the original if you wish to follow and trade my entries the risk is yours, I take no responsibility for your screw ups........ trading is dangerous to your financial health ... Particularly if you do not have the discipline to stick to the rules.
I will finish the updates on the charts after the holidays and bring last years data current.
Happy holidays to all
I know there are those of you that are wondering what method I am using..... I may reveal some of the details this year. What I want to do is show you how a simple rule based mechanical system can be very profitable, and I have to say this was a very good year for the system.
I think that showing you the results as they happen is more beneficial than giving you the system....I am hoping this way may encourage some of you to be a bit more disciplined in your trading by seeing the results instead of just being given a system and then setting you loose with all your bad habits to just screw this one up too.
I will try to be a bit more consistent with my post times and keep them closer to the actual entry time which is 8:00 PM PST for those that may wish to follow along. As you may have noticed the trades are infrequent and may last for days or weeks before any changes are made to the position, so being patient is a virtue.
If you have not looked into the references and the link I posted in the first post it is worth your while..... The way of the Turtle can be found online to download if you wish. "The Ultimate Trading Guide" and "The Definitive Guide to Position Sizing" are well worth buying and keeping in your trading library.
Also if you have not looked at David's page and research you are diminished...... David has put a great deal of time and work into his research and is a very valuable resource, again I am indebted to David for his herculean efforts.
Here is his page Forex Trading: Trading Strategies & Trading Systems
As with the original if you wish to follow and trade my entries the risk is yours, I take no responsibility for your screw ups........ trading is dangerous to your financial health ... Particularly if you do not have the discipline to stick to the rules.
I will finish the updates on the charts after the holidays and bring last years data current.
Happy holidays to all