DislikedMy backtesting was for 6 pairs--EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, and USD/CHF.Ignored
Learning never stops...
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DislikedMy backtesting was for 6 pairs--EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, and USD/CHF.Ignored
DislikedI took one today on AUD/USD that as you can see turned out to be a very profitable trade.Ignored
Dislikedabc997
Sure i can create a screen shot of the trade that i entered and why...is it exactly to the rules of this method?...no...but it is what i have trained myself to look for and what works for me.
Do i catch everyone one of them? no...but i usually can tell in advance when a setup is beginning to form, so i prepare myself and pay more attention when that time comes.
It falls in line with what the folks who gotten good with this system say...you have to be patient and look for the re-occuring setups that reduce the risk of failure. It's...Ignored
Dislikedabc997
I merely stated the way that i use this strategy...i do agree you should follow the original rules until you get comfortable at trading it. I am not suggesting to anyone to attempt my method and i will not post them again.Ignored
DislikedThanks earret,
Although my track-record is not inspiring, I do insist to follow some principles in trading practise. I will only use well-defined method with proved backtesting results. In trading, there is no "inevitable" price movement for me, I will only talk about it in terms of probability.
Perhaps, you have discovered a new method for trading, but I'm really not sure how reliable it is. I am not trying to discourage you to discover new method here, but I think large amount of backtesting is needed to support your method. Otherwise, a...Ignored
DislikedAbc,
How do you know that wickers method have been tested and used for years. We know only Pilatus has been relatively success with this method and he is pocketing 200 pips per month. Other than that no one has verified that they are success with this.Ignored
DislikedPilatus,
Congratulation! I can see your persistence and consistence now rewards you consistently, after your years of hard work! I am very pleased to see this! I hope I can get there soon, despite my initial failure at the moment.
Two questions about your posted.
1. Is there any reasons that you did not enter at the first red vertical line, but the second red vertical line?
2. At the second red vertical line that you entered, the previous two bar together has dropped 34 pip, why did you think it still worthed entering?
cheers!Ignored
DislikedAbc,
How do you know that wickers method have been tested and used for years. We know only Pilatus has been relatively success with this method and he is pocketing 200 pips per month. Other than that no one has verified that they are success with this.Ignored
Dislikedabc997
I merely stated the way that i use this strategy...i do agree you should follow the original rules until you get comfortable at trading it. I am not suggesting to anyone to attempt my method and i will not post them again.Ignored
DislikedSorry buddy but I have never said that I make 200 pips per month. I said that I would be happy if I do.Ignored