Three Strikes
Forward Test Week 1
---------------------
Wins 2 : +161 + 65 = 226
Losses (0): -58 (from a stupid mistake, not counted)
Total (2): +226
Yesterday I had a gain of 65 and today I took a short that got knocked out on a spike for a loss of 58, so not bad overall. I think I could have prevented that loss because I analyzed the setup wrong. I made a mistake in looking at the setup during the bar that had broken out (while it was forming and before it broke out) rather than looking at the pre-break out and previous bars that have all closed...so looking at the proper setup, I now see 3 strikes against the trade. It's part of the learning as I forward test and get used to evaluating the setups in real time. If I were back testing that setup I'd have caught it because I'd see which bar broke out and then I'd only look at those before it. Oh well at least I'm in profit still.
I've also been revamping the system and posting the updated PDFs here and in the public thread I started. I'll post the charts out in the other thread for the trading method and just keep track in here for a while.
Forward Test Week 1
---------------------
Wins 2 : +161 + 65 = 226
Losses (0): -58 (from a stupid mistake, not counted)
Total (2): +226
Yesterday I had a gain of 65 and today I took a short that got knocked out on a spike for a loss of 58, so not bad overall. I think I could have prevented that loss because I analyzed the setup wrong. I made a mistake in looking at the setup during the bar that had broken out (while it was forming and before it broke out) rather than looking at the pre-break out and previous bars that have all closed...so looking at the proper setup, I now see 3 strikes against the trade. It's part of the learning as I forward test and get used to evaluating the setups in real time. If I were back testing that setup I'd have caught it because I'd see which bar broke out and then I'd only look at those before it. Oh well at least I'm in profit still.
I've also been revamping the system and posting the updated PDFs here and in the public thread I started. I'll post the charts out in the other thread for the trading method and just keep track in here for a while.
"Support and Resistance either holds or it doesn't."
-Anonymous hillbilly