Quote:
Originally Posted by droesparky
yep 6/25/08 was a loss, I took a 50 pip loss on it. And further more one of the short comings of the method is you miss out on longer term trends. however it is great in a see saw market.
chart below shows my loss from yesterday and no entry today 6/26/08.
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Thank you for the reply. It is a very easy method.
Even though the that day was a loss, i think the next day was another 100pip winner. So if this gives u 2:1 for r:r, then those occasional loss days are just a blip.
Regards,
K.