Disliked...Because of this Sashay in your day-to day readings. It doesn't pay to keep too close an eye on this ratio.Ignored
Thank you for your much appreciated advice . The reason that I record the day-by-day changes for all these parameters is simply to keep a detailed public diary of the progress of my trading... not only for accounting purposes, but also to keep me personally answerable for my day-to-day decisions. I know what this simple method can achieve over the long-term based on my back test data, so I really don't stress (too much, lol) about the day-to-day fluctuations in the equity (see posts #45 and #49). I do have a monthly goal for the %gain of the balance, but it's buffered by my directive that the floating %DD has be held at or below 20% (preferably less than 10%, but the more aggressive I am in closing profitable positions, the higher the drawdown, but as I explained in post #49, I do have rules in place that mitigate the extent of the %DD).
At some point, I may start posting screenshots of the indices that I keep track of for each of the major currencies (see post #1), but in reality, I have no idea where tomorrow's prices are going to be... and really don't want to pretend that I can determine with any accuracy the future direction of any price movement. All I know is what price has done in the past up to the most current tick. That's why I've been shying away from posting "analysis" of my indices, because it doesn't really matter what "I" think might happen... I will say that drawing a trend line on a monthly line chart for each index is the extent of my analysis, and that the current price is either above/below that line. However, the closer that I can make my trading truly non-directional, the better. So most of my time is spent managing my inventory of positions; I'm more focused on the decisions I need to make, and the most productive actions that I need to take, in order to keep my %DD at a reasonable level while increasing my account balance on a month-end to month-end basis. As always... a "work-in-progress"... and I love it
Dave