Hey Sonic,
Yes, the method basically trades against the Frankfurt hourly bar. I was well aware that it looked bullish but that is not an issue with this. If the bar preceding London open is bullish I'm short & if it's bearish I'm long.
Look back to last good winner (6.65%) on June 24th (set up shown on previous page).
I've backtested manually nearly 5 years - risking 1% a day so a run of losses really isn't a problem as often one or two winners wipes them out in a stroke.
Annoying start to the week but that's life.
Hope you are keeping well by the way
Kind Regards
Steve
PS stopped out 1.3950 - be back at London open tomorrow.
Yes, the method basically trades against the Frankfurt hourly bar. I was well aware that it looked bullish but that is not an issue with this. If the bar preceding London open is bullish I'm short & if it's bearish I'm long.
Look back to last good winner (6.65%) on June 24th (set up shown on previous page).
I've backtested manually nearly 5 years - risking 1% a day so a run of losses really isn't a problem as often one or two winners wipes them out in a stroke.
Annoying start to the week but that's life.
Hope you are keeping well by the way
Kind Regards
Steve
PS stopped out 1.3950 - be back at London open tomorrow.
DislikedYo Steve,,
May I know the analysis behind your SHORT entry...
Pretty bullish looking candle I must say... (see blu rectangle)..
SonicIgnored