please look at my chart
Give it up. You're busted.
You post a 1H chart to demonstrate a 25 minute trade, and the time axis has a label every 8 hours. Like that's supposed to show us something?
How about posting a chart like I did? 5M or 1M with vertical markers on the entry and exit.
I'd be real curious to see your broker's prices at those times.
here is chart again in 5M
hope you understand
A 5 star post. Many thanks.
Thers always a median, as we go by the months a certain percentage will come by to us as normal when trading systems. It always gives us a clue if say we went up 10%-20% higher or lower than what we normally get.
best regards
I've been trading on and off for twenty years; when I came to forex I brought to it several models and approaches. At the time I was still basically a technical trader and hadn't gotten into the computer modeling that I do now. I knew I wanted to do this as a career and hand pulled in a family member as a partner in the startup. I started trading with a version of Mark Fishers ACD system... Its a break out system that I had had relative success with in the past, but that was also skewed by the rediculous trends and volatility that had been present in the equity markets during the bubble.
When I began trading the account I started very small. I threw $1000 into a mini account and began trading the appraoch. In three months the account was up to $1700... My partner was exstatic... I was mortified. We had sat down to review and she simply couldn't understand why I was so concerned... I said this can't last and there has to be a problem somewhere: we're either over-leveraged (duh) or we're extremely effecient (statistical run) and are getting ready for a correction. By the end of the fourth month we were back to even and I halted trading to get a better handle on this asset class.
Leverage in FX, even for a seasoned trader, can often be something new... In equities we really don't get any, in futures you can get a little... In Forex its gaga... In the mini account with a $1000 deposit I was running 10:1. I began to back test a little more carefully and then did some monte carlo simulations to try and generate what a negative return might look like with a negative statistical run. My risk of ruin at 10:1 was 100% in almost every simulation. High leverage and extreme "short term" efficiency in the appraoch had made me money very quickly (I had curve fitted my parameters to the most recent price action), but it simply wouldn't last, and it didn't.
I'm amazed when people don't question why something is working beyond what can reasonably be expected... It should send up as many red flags as a deep drawdown, especially if you plan on trading for than a few weeks/months out of your life.
Thats my 2... back to the data-set
