Disliked{quote} A win rate of 66% on a 1:2 R:R is a PF of 4. Surely it doesn't matter what R:R you use so long as you achieve PF of >4. Ok, this goes off a bit on the rules of this challenge and it will take a few more trades to achieve the desired goal, but surely the aim is get to the goal. Seriously though I don't think I can do 1:2 and win 2 out of 3 of them! It's tough enough winning 67% on 1:1.Ignored
My take on this system is that if you have the time and resources to wait for one of those trades where you can invest 100% of your account($50) to apply then go for it. It's not regular trading (for me at least) where I look to enter a few trades a day but rather watching pa and seeing an "obvious" setup. It may take hours or days before getting the confirmation of a trade. The trade on usdjpy chart that I posted a couple of pages back took a couple of days before bo but I was watching it from start. To me, regardless of what the news was at the time appeared obvious where it was going. It had challenged the top trend line so many times and always with a higher low on the bounce etc.
So yah, its about not being trigger happy and having patients (skills that I am still honing).
As the lights go by so too do the shadows move