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The Daily Fozzy Method 2,814 replies
bo7a method... method for GBP/JPY 205 replies
Frosty's Daily Trades - 100/40 1D EA method 79 replies
Fozzy Alt... one more approach to the Daily Fozzy Method 40 replies
Which is the Daily Vegas Method? 8 replies
DislikedHi Ashish.
Since Dec 2, 2008:
EUR/USD Backtesting in my time frame had 60 winners, 40 losers, and 15 days with no trade. Averages 45 pips per winner, -45 pips per loser. There was a range of 12 losers in 16 days! December was the best month with a gain of about 625 pips. January was the only loser with a loss of about 220 pips. The past three months average a gain of over 200 pips each.Ignored
DislikedBilyB,
What is your opinion? Do you think a second trade (dividing lot risk into 2 trades) has some merit? This would be taking greater advantage of the previous day's daily range rather than taking TP at only 50% of the movement with the 1st trade. Although I used 100% of the movement, yesterday, I'm thinking that doubling the TP on the 2nd trade is still conservative enough to work well. I would set the 2nd trade @ break even (if I'm awake), once the 1st TP is achieved. Risk to reward ratio would improve. If only 50% strike rate is achieved,...Ignored
DislikedHow do you do abt Monday morning. Which high / lows should be takenIgnored
Disliked--The Daily range isn't the biggest factor, it is the entry point. Before the London session seems to be the best. (as if we didn't already know this)
-- Be prepared for draw downs when both the long and short hit their stop loss.
--I think Bobcat2 is on to something in trying to maximize pips. How about after TP you open a new trade with a new TP of X pips (another 25% or so), TS of 10 pips, and SL at breakeven of the two trades, with a net effect of zero.
Next week I am scaling back to just one or two pairs until I can build up my equity...Ignored