Hi Wayne
Because I try to hold for the target it may not go far in profit on range days so it stops out at a loss, then i would go the other way only for the same thing to happen again and only after them 2 losing trades will it appear that the pair is ranging (do i take a 3rd or not)
BMB
Hi Wayne
Sorry it is not just 1 week with a loss i was asked for best and worst week and that is the worst week in 2010.
My trading records only keep pips won and lost each pair these days but losing weeks come when the markets range and i lose 2 or even 3 times in a pair (these days do...
Hi Wayne
$1 per $1000 is 0.1 lot for every $1000 in my trading account.
This is high but i have survived this way because a 100 pip loss would be 10% of the account but this is rare, 50 pip is more the average loss this is 5% of the account. One day i will only risk 1% of the account:)
BMB...
hi all
Afew answers here best week 2010 4th-8th jan (630 pips)
worst week 2010 18th-22nd jan (-484 pips), yes i do have losing weeks.
I trade four pairs GBPUSD GBPJPY EURUSD EURJPY $1 per $1000 each, that way it would take ten 100pip losers in arow for each pair to blowout account (or twenty 50...
Hi All
my first post on this forum was a year ago to the day, i would just like to say profx has again produced profits month after month for two years now (it works)
BMB
Hi Vortice
Fridays trading was a great day (i wish every day was as good) all trades hit 70pip target except EURAUS & USDJPY but they still did not lose pips. Every trade was a fresh ARROW USDJPY, AUSJPY, GBPJPY & EURJPY were morning time EURAUS , EURUSD & GBPUSD were afternoon (as you know i...
Hi Vortice
Glad to be of help
As for ProFX website results am not sure how strict they are to stay with rules but i have been up late and taken new trends around 12am/1am that have worked well, I think they say london/new york session because of greater volume and to go with 4 hour trend...
Hi Vortice
(yes you are right about the overnight reversal)
I know the makers say (as do all the experts) that you should go with the bigger trend ie 4 hour trend but i found that i was missing some of the best trades by not taking the trades against the 4 hour trend and also that taking trades...