{quote} To me it's the easy partthe hardest part is to get to that point consistently. Day after day. The only concern with this Method I have is RR 1:2(W:L) It's nice to have at least 1:1 otherwise the winning % should be about 90%. Sooner or later negative RR will backfire on me. To get to 90% winning trades with new Method will take months, maybe even years of practice.(I'm sure you spent a lot of time to get to where you are now). By that time market intraday behavior could be different too. Just sharing my opinion. I'm not jumping from...
I understand your concerns regarding RR 1:2, (W/L).
Now, out of curiousity, did you really try to double 2 demo accounts in value (without taking the shortcut by trading 5 lots on a USD1000 demo) ?
Just curious, I donīt think:
- even Udine will get to 90% winning rate (although I may be wrong)
- intraday behaviour in Forex, Spot Metals, will change that much. Letīs assume it does for a moment, and profoundly. The beauty here is that it doesnīt matter. PA will always go up and down, regardless of crisis, mayhem, etc.
- once somebody learned the rules of the system, has a solid framework to go on, and gained confidence through practice, thereīs really nobody from keeping you fine-tuning this to your own taste.
"Sensei Udine" very rightly pointed out numerous times that in the long run, any system will only work by respecting certain rules. In my view, and from my experience as a MD of various companies, the most important one is to treat this as a business.
Remember: sharing is caring ! Everybody in this thread is looking forward to you posting your trades (with screenshots).
I understand the need to trade with lots of volume around. I'm just wondering why that volume appears at exactly midnight my time (8AM London). What is it that's bringing on all that volume at exactly the same time? I don't think that every bank / investment / hedge company in London opens for business at exactly the same time. Maybe the "London Open really starts at around 7:30 and builds till about 9AM when the last bank opens for business? Paul.
