last week finally took me back from the big draw down in May. It were long two and half months but the patience paid off:) Even for me it is a big and great experience that the most important thing is stay with the rules (the little changes I sometimes use are just small ones) and trust the system. I am looking forward to get over 3.000 USD so I can lower my risk per trade. I don't want to experince such DD again:)
So here are the pictures of last week...
Hi Tomas! this system is very interesting! simple, yet powerful. i bet you wish you started with 20000 usd :))
ReplyDeletei was just wondering what adjustment did you make to the original system?
do you trade this system everyday or no trades for gbp/usd on fridays and usd/jpy on thursdays?
you set 1 buy stop and 1 sell stop order on trading day for each currency. when do you cancel the order if it doesnt get triggered? 24 hours after the order was placed? (9am next day for gbp, 11am next day for usd/jpy?)
tonny
Hi Tonny,
ReplyDeletenice to see you here... You bet I wish I had started with more than 2k:))) But I wanted to learn first. I plan to invest some money after year of trading this system...
I didn't make any serious adjustments, just a litte attempt to lower my risk. It means I tried moving my SL a little bit (recently I move only like 1-2 pips, because it took me out last week and took two winns away from me) and when I see some more space around PT (I mean there is no serious S/R around) I try to make some more pips...
I trade every day. Only on NFP Friday, I dont trade. After one year, I will have a look at my statistics and maybe I will avoid some days. but not now...
Yes, 1 Buy stop, 1 Sell stop on each pair, every day. When it doesn't get hit until next day, I cancel these orders. Sometimes I cancel them a few hours earlier, when I see the price is not near...
I hope I was a little helpful:)
Take care and good luck
Hi Thomas, I just purchased 1 minute daily,I have read all the instructions and stil can't figure out what time I need to place my trades if live in the USA, Eastern Standard Time (EST). The london market is opens at 3am and closes at 11am EST. Can you help me out. Thanks Stan D.
ReplyDeleteHi, is there any chance you can mentor me?
ReplyDeleteHi Stan D.,
ReplyDeleteI am glad to see you around. I will help you, no problem. I know the time is sometimes confusing. Write me an email, where you attach a printscreen from you MT4. Do this - open data window (crosshair icon) and move your mouse on the very last candle forming at the time you are doing it. In data window it shows the time of your broker - now make the printscreen. Then go to www.1minutedaily.com/time and make a print screen there too. Send me both pictures through email... Or we can chat on Skype, if you want...
Hi JTDestiny,
ReplyDeletewrite me an email and we can talk about it...