Hi Nigel,
I don't mind at all that you have taken the trouble to comment on these trades and thanks for the tip about the 4 hour MA filter. I will make a note each morning about which direction each MA is pointing and also which are flat and use the information as a filter for which pairs to...
Thanks but this trade today is providing a dose of reality. I'm trying to stick to my rules and not to bale out until either my profit target or stop is hit. I should say that I'm using minimum stakes with these trades.
Sell Eur/Jpy at 99.35 30pip stop two units. First target 30 pips profit...
I've had the E Book for this system for some time but have not tried to consistently trade it until now. Delighted with this attempt today, but I won't kid myself that they will all be like this:
Cable bought with 2 units at 1.5745 as a break of congestion on 5m chart. Stop at 23 pips. First...
Many of you are probably aware of it but there is a member running a journal using the Three Ducks System on a demo account using a take profit of 2 times stop here
http://www.trade2win.com/boards/trading-journals/141082-3-ducks-demo-journal.html
I should add that I had a manually drawn support level running through the pinbar ( blue line on my chart) which gave me added reason to take the trade.