Finally beginning to see some movement. Although I've doubled the position sizing, it it still quite conservative and that I just might to raise it .
Closed a different commerce in profit.
Finally beginning to see some movement. Although I've doubled the position sizing, it it still quite conservative and that I just might to raise it .
Closed a different commerce in profit.
I believe we are near a major crossroads with the eur - it just might stop trending up and plumb downwards.
My system might drop some money once the trend varies, but should make it back and more when a new trend establishes.
Appears like it's indeed breaking downwards - the movement ought to be quite large and fast, so I'll keep my eye on it.Originally Posted by ;
Plogical price action... affirmation wave. Of course we dont know what will happen in the future just what's occurred the most.Originally Posted by ;
The account isn't progressing as expected..but perhaps it is due to the rapid move. I guess I need to let it trade for a couple of weeks before jumping to any conclusions.
I am not sure what rules you currently use to ascertain the beginnings and endings of trends, but for the system to be successful it should be think like a successful fashion trader.Originally Posted by ;
Most successful fad traders use the rule that after price closes below a trendline, then re-tests that the trendline and is reversed, then odds are the tendency is broken. For trends caused by a Daily chart, this evaluation is best seen on a 4H chart, for trends caused by a 4H chart, this evaluation is best seen on a 1H chart, and ect, ect.
It also would not hurt to have your system examine pubs for price action to assist confirm wheather the tendency was broken or not.
Also the market may look like it is confused from time to time, but this just means that the whole action is taking place on a smaller timeframe. As soon as you take a peek at the smaller timeframe, everything will make sense.
Yes, I certainly agree. The problem is knowing in time once the activity takes place in which interval. My system uses currently 1 hour time period, and some different MA's to mimic activity on higher/lower timeframes.Originally Posted by ;
On another note, seems like my system is slowly making it back.