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Old 09-04-2008, 02:32 PM
demonfx demonfx is offline
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Join Date: Mar 2007
Posts: 12
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I'm amused that after a whole 40 trades you consider yourself to be a better trader than I am. Truth is you are hanging around forums looking for ideas, as well as I. I doubt any "really good" traders would be hanging around forums but that's another discussion. Seriously though dude, not trying to offend you at all. My comment is aimed at debating the strategy not at you. I suspect your drawdown is tight as you have probably lost on a swap last month. It looks good for now, and I would like to be proven wrong so I hope you can show equally good results on the downturn. Judging by today's activity it would have been tough going long during the London session on this pair. As for identifying the trend, that's an easy thing to do. Problem is that price rallies within a trend which prevent you from using tight stops, in turn producing a poor risk/reward ratio.
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