It took 11 hours for this order to trigger, and it nearly stopped out before turning back in my direction and giving me another win. here is the analysis for direction and entry level and my broker chart with the trade marked
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DislikedHi MacDoug,
Good to see you're still going strong and setting such a great example of how should be done. Keep up the good work!Ignored
Disliked
I have two main trading styles - multiple time frame and single time frame set ups.Ignored
DislikedWhen is this b*tch going to pay you back? I bet she has a lot of intrest to pay for all this time she's holding your positions? How far are you currently in regaining the money?Ignored
DislikedThis journal hasn't been updated in a while... How are things going?Ignored
Dislikedare you still trading 1:1 risk reward? It is something I have been thinking about and would be interested to see how it is working for you..Ignored
DislikedThank you for the update! That is what I am starting to lean towards. I have a system which seems quite profitable and from what I have seen has about a 65% strike rate.
The only issue with 1:1 is recovering from draw downs. For example I had been doing really well for the past few weeks and then Monday I took 5 losing trades out of 6... Now this is the biggest losing streak I have ever been through with this system, but psychologically it seems like a mountain to climb now just to recoup the 5 losing trades.
What is your experience with this?...Ignored