Nov updates
I have been away from this thread and i did not actually expect it is so active and the amount of posts i have to read. Took me a couple of hours. Afterall this strategy can't guaranteed anything but yet i am glad to see peiple benefiting from it. The reason why i did not come so often because i do not want to feel obligated to post and with so voices to my initial rules, i do can get affected too. If you read my updates, i am perfectionist and voices do come into my mind to want to add more things on top of my initial rules. This will affect the objectivity and the results of my initial strategy.
Here is the results that everyone is expecting. But no so as the overall result is a lost of -47pips. However this was not the result of my original strategy as like what i have said i changes abit to the original. So instead of TP at 200, i use 161.8. So no shift of BE to 100.
My thought process for this month is that shifting BE to 100 is necessary as it protect your trade from going against you. A break even trade is always better than a lost trade.
Why 161.8? Because the number is what most traders used when using fibonnacci. Also voices said that most of the time PA does not hit 200 level and went against them. So my observation is most of the time it did hit 200 but my trade hit 161.8 and exit which affect overall profitability. As you can see since i shifted to this level, the RR is even getting narrowed with bigger risk. And with no shifting BE to 100, i am not surprised this month is a loss. However i am glad is a small loss. Afterall, i have a 38% increased in 3 months(including nov) using this mobile trading method.
I have been away from this thread and i did not actually expect it is so active and the amount of posts i have to read. Took me a couple of hours. Afterall this strategy can't guaranteed anything but yet i am glad to see peiple benefiting from it. The reason why i did not come so often because i do not want to feel obligated to post and with so voices to my initial rules, i do can get affected too. If you read my updates, i am perfectionist and voices do come into my mind to want to add more things on top of my initial rules. This will affect the objectivity and the results of my initial strategy.
Here is the results that everyone is expecting. But no so as the overall result is a lost of -47pips. However this was not the result of my original strategy as like what i have said i changes abit to the original. So instead of TP at 200, i use 161.8. So no shift of BE to 100.
My thought process for this month is that shifting BE to 100 is necessary as it protect your trade from going against you. A break even trade is always better than a lost trade.
Why 161.8? Because the number is what most traders used when using fibonnacci. Also voices said that most of the time PA does not hit 200 level and went against them. So my observation is most of the time it did hit 200 but my trade hit 161.8 and exit which affect overall profitability. As you can see since i shifted to this level, the RR is even getting narrowed with bigger risk. And with no shifting BE to 100, i am not surprised this month is a loss. However i am glad is a small loss. Afterall, i have a 38% increased in 3 months(including nov) using this mobile trading method.
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