Today, on the other hand, I posted the trade before the NY open, so the count is now 7 winners and 2 losers for a winrate of 78%.
Notice that in some threads it is said trading is about RR and not about winrate, but here it is about winrate!
Don't you get too excited. Not too far in the future there there will be another person asking you to provide proof of live calls, otherwise you'll be considered a fake. It ends up going back to the same place. Hopefully with these calls there will be a chance to at least direct those naysayers to this thread. Gringo
It doesn't bother me. There's tons of this stuff in these threads if only they'd look it up. But they don't really care. They're just ticked because somebody is making money and it isn't they. Look at today, for example. Plenty of guessing but not a single trading plan. And they wonder why they keep losing. Go figure.
Well win rate and RR take care of themselves. I think if the win rate was 50%, one would still have a nice profit ratio.
An unexpected test of the high. While I'd like to have earned the extra 20pts, I can at least imagine that somebody in Europe got it since it broke out at 0300. Italy maybe? This will be an interesting day.
Seems like buyers are taking a break at the same levels of late december, we are now at the recently fanned demand line. Lets see if this line holds or if we have another run down.
AMT suggests a reversal, or at least a return to the mean, particularly since we're hitting the upper trendline again*. But, unlike S&D, AMT is just a theory, not a law. It's based on behavior, but it's still just a theory. *There are a couple of trendlines here that are pertinent. One is the long-term TL, and price is actually just above it. Literally. The other is the short-term TL which tracks the diminishing strength of demand. See the double charts I posted the day before yesterday for a graphic.