8/02/2010

August 1st Statement

This week was up and down. The GU had two worst types of trades in a row, UJ had also some losses. I hope next week goes better!



















11 comments:

  1. Hey Tomas,

    As for first weeks go it was not pretty thats for sure but i think as your past performance has shown one must stick with it even if it is painful.

    I had a win today on the GU as i noticed it starting to stall near the TP so i took my profit.

    Good luck for the week everyone.

    Cheers,

    Lee

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  2. Hi Lee,

    good job! That's the way to go... As you say, we have to stick to our plan and not worry about our losses. My moved SL got hit a few minutes ago, so I get my win (a little bit bigger as shown in the picture)on GU too:)

    Discipline, discipline, discipline:)

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  3. Hi Tomas,

    August can be a fickle month, but if it's any consolation, last August was a great month for my 1MD trades (+39.9%).

    For sure, 1MD (or any breakout strategy for that matter) doesn't work so well when markets are topping/bottoming out, as several seem to be at the moment.

    Keep the faith,

    Dave

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  4. Hi Dave,

    thanks for posting here... I am glad someone with experince with 1 min daily comes here...

    You are absolutely right about topping/bottoming markets. Moving sideways is not for us...:) But that is a period of time when we have to overcome, try to lower our losses, watch for S/R and so on...

    Take care and good luck!

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  5. Hi Slurpee,

    I guess so that 1 minute does not work on the long run. I have read a post that somebody else experienced as well that in practice the profit is lost by small unaccepted losses as broker-frauds etc.

    And the profit shown by the auther month by month in the new performance table was not reflected on my account.

    It is a SCAM.

    Bests,

    Paul

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  6. Hi Slurpee,

    Your method of reducing the SL cost you big time on UJ didn't it? You had a loss when normal method had a win, that's a 10% reversal!

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  7. I have to disagree with Paul's comments.

    I have been trading this breakout method for a long time (18 months now on GBP/USD). Although I do not trade it "out of the box" so to speak (I have gradually added my own tweaks etc), I can confirm I have checked back on every single 2009 published result and found just 12 entries that are incorrect. All other entries agree with my live trades to within a few pips. Obviously, the published results do not account for slippage or other broker anomolies.

    I believe this is one of the few strategies that has a proven edge in the market.

    Dave

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  8. Hi Simon,

    yes, unfortunatelly you are right. I had one loss on GU today that would be normally win, and on UJ too... trade from a few days ago when I got stopped out hit the real TP yesterday... Well, that happens. I am trying to get better but it of course doesn'T work every time. I was successful with my moving of SL and TP so far, but last few days were bad for me.
    Hopefully I will win in the long time!:)

    Take care

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  9. Hi Paul,

    I am really sorry, but I don't think this system is a scam. I cannot agree with you. The results here talk for itself.

    Dave,

    thank you for your experienced comment...

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  10. SCAM definetaly!

    Slurpee and the guys who wrote nice posts here have to be the author of 1 minute, I guess so.

    Avoid it!

    Chen

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  11. Chen,

    you are probably the same guy as Paul and Greg or whatever his name was... The results here are REAL! I post my pictures of my account here, real pictures. I also said that I can post history of my trades... but the only thing you do is say it doesn't work... you are funny:) Please stay away from my blow or I will have to erase your posts... If you can show your real results, then I will let you post here. Otherwise go elsewhere...

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