Why not ? Why is it that trading should always be compared to cheetahs, eagles, lions, crocodiles, sharks and wolves ? I like sloths and so this is what I will call this method. Plus, this is the only animal I could find that hadn't already lent its name to a trading method.
The trading system that I am about to monitor here, is a compilation of secret methods based on the lost manuscripts of Empedocles, Thomas Aquinas and Mae West. Since the system is so secret, don't expect any explanation of its inner workings. I will try to post the trades as I take them, with a clear plan of how exactly I plan to follow up. But that's all.
Basically this is just a discipline exercise for a specific medium-term system I'm testing.
I will start with a trade that just closed at BE. I meant to post this when I took it, but you can't expect much speed from a sloth.
Trade 1
08:10 GMT - buy NZDUSD @ 0.8300
Stop Loss: 0.8282
Plan: Take profit at least at 0.8365. If price moves above 0.8330, then move SL to BE.
Well, price did go above 0.8330 and so I moved the SL to 0.8302, but later it came back and took me out. No hard feelings.
PL: +1
The trading system that I am about to monitor here, is a compilation of secret methods based on the lost manuscripts of Empedocles, Thomas Aquinas and Mae West. Since the system is so secret, don't expect any explanation of its inner workings. I will try to post the trades as I take them, with a clear plan of how exactly I plan to follow up. But that's all.
Basically this is just a discipline exercise for a specific medium-term system I'm testing.
I will start with a trade that just closed at BE. I meant to post this when I took it, but you can't expect much speed from a sloth.
Trade 1
08:10 GMT - buy NZDUSD @ 0.8300
Stop Loss: 0.8282
Plan: Take profit at least at 0.8365. If price moves above 0.8330, then move SL to BE.
Well, price did go above 0.8330 and so I moved the SL to 0.8302, but later it came back and took me out. No hard feelings.
PL: +1
