Well, here's one reason...
Manage your risk accordingly and you're half done your home work.
- #103,542
- Jun 1, 2009 2:48am Jun 1, 2009 2:48am
- | Membership Revoked | Joined Oct 2008 | 2,791 Posts
i think those who where short are already in there birthday suits....
- #103,545
- Jun 1, 2009 2:52am Jun 1, 2009 2:52am
- | Joined Feb 2009 | Status: Madness has no method. | 1,143 Posts
- #103,547
- Jun 1, 2009 2:56am Jun 1, 2009 2:56am
- Joined Sep 2008 | Status: Are you sure this is how its done? | 2,331 Posts
Hi Forum,
Been a while, I lost my account, did a lot of soul searching, backtesting, and now ready to trade again. Using a technical system. The backtest is great, but I am freaking out about the concept of "curve fitting". Worried my new system is just fitted nicely to the data.
Testing it now with small money. 4 live trades so far in May.
My SL is 100pips and TP is 300pips for all trades.
SHORT: 1.3576 SL - first one a loser
LONG: 1.3927 - exit 1.4029 102pips
SHORT: 1.4029 - exit 1.3937 92pips
LONG: 1.3937 still open at 1.4121 now...
Still riding that long. 300pip TP at 1.4236 soon I hope
Ascending triangle and Fib breakout should help
