5/22/2010

May 22nd weekly results

Unfortunately another bad week. It looked very nice on thursday but then 4 losses in a row came and moved my account back to where it started last week:) There were 12 trades in 1 minute daily, 5 wins 7 losses. The statistical probability says we must have a positive week ahead of us...:)







...kinda looks like a double top, doesn't it?:) I hope the technical analysis doesn't work on my account statement chart...
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6 comments:

  1. AnonymousMay 23, 2010 at 12:03 PM

    Hi Slurpee,

    Although you may be making amazing gains by risking 10% of your account, I hope you are aware that the cable alone (without trading any other pairs) has a history of having a 40% drawdown according to 1minutedaily's backtesting. That is risking 5% of your account. If that would happen to you, risking 10%, you would be almost wiped out - and that's assuming that the drawdown wasn't greater than it's been in the backtesting.

    Wishing you luck...

    ReplyDelete
  2. SlurpeeMay 24, 2010 at 10:24 AM

    Hi Anonymous,

    thank you for your comment, I am aware of that and that is why I have written here many times that I surely don't recommend risking 10% like I do... I also said here that when I reach several thousands, I will lower my risk to 5% on each trade.

    I wish you luck as well!

    Slurpee

    ReplyDelete
  3. AnonymousMay 27, 2010 at 2:27 AM

    Hi Slurpee,

    How is this week shaping up for you ?

    Could you please post your account statement from when you started ?

    Whaqt your doing here is very inspiring, keep up the good work and look forward to all the new posts.

    Cheers

    Brettski

    ReplyDelete
  4. SlurpeeMay 27, 2010 at 10:08 AM

    Hi Brettski,

    Thank you for nice words. I will post my account statement again on the weekend, like usually. This week is again not very good, I am under 1.000 USD now and the market keeps moving wierd. It would be nice if somebody else wrote here what their results with 1 min daily are...:) But since I do what I did at the beginning, I guess it is just a bad month...

    ReplyDelete
  5. AnonymousMay 30, 2010 at 8:38 AM

    Hey Slurpee,

    Are you aware of this facebook group for the 1 minute daily system?
    http://www.facebook.com/group.php?gid=120427064657537&ref=ts]Forex | Facebook

    ReplyDelete
  6. SlurpeeMay 30, 2010 at 11:29 AM

    Hi,

    no, I ddint know that group until now. Thank you, I have joined just now:)

    ReplyDelete

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