Can never keep up with this thread !
Anyway, have you ever been in a long queue at the supermarket, then swapped queues for the smaller one only to find your now behind the old lady who wants to pay with coins and can’t see in her purse. Alas if you’d stuck to your original queue you would have been off back home by now.
Trading is the same, keep the same rules all year round. Don’t swap queues, you’ll get burnt.
Its strange how its easier to mess with the systems tp/sl’s etc .. than it is to let it be what it is.
What would have worked yesterday, I’ll do today…. well yesterday isn’t today, if you see what I mean.
The best settings aren’t always the best for all situations so go with the average.
April is a hard month for any system, it happens. But remember it should only mean a small negative number on your spread sheet for April nothing more.
If it means more to you than that your either risking to much or you’re not trading with the right attitude.
I’ve fortunately been able to remove a large portion of my account for personal use and still have a good amount left to build on again.
Only when I did this could I relax with my trading. Hopefully one day you’ll do the same.
May will be good, June and July very good (past performance in mind). Put your feet up and rest for August.
Probabilities/performance in the past with most systems will say keep out of August.
Try and see that as part of your plan, you don’t have to trade all the time, every day, if you think you do, again, you have the wrong attitude.
I know I’ll probably get a lot of slap from people regarding this but I’ve heard it time and time again from other traders.
It took me a couple of years before I accepted it.
I read somewhere on the thread about the main trend being up and we’re getting short signals and we should be ignoring them as the main trend it up.
Well, this method doesn’t trade the main trend, that’s why we ignore it. It doesn’t trade news either (to early) so I still trade those days.
So what is this method based on? It assumes the overnight push either long or short will continue (a short amount) when the markets open.
I won’t go into detail regarding indicators (for non members), but that’s what they measure.
We’re only looking for a fraction number of pips compared to an average daily move, so to be honest the be, and r/r ratio less than 1:1 in my mind just isn’t worth the stress. The original rules work and will continue to do so, maybe not optimised to some of the settings here but they are the ‘average’ settings, so will perform just as good over the long run.
Hope that helps someone
Again not on a soapbox, just trying to help. I see so many times newbies getting carried away with optimizations etc, and you miss the bigger picture. I know as I used to be that person too. Stick to your rules and keep going.
