Focus on the finish line, you never get there.. Lose yourself in the process, the finish line approaches before you know it.. Finish line being successful trading.. Nothing good comes easy.. I like FX for one reason.. You can trade very small, and gain confidence.. This you can not do in futures..
Mav, Speaking from experience, does NFP/FOMC or major news event make you hesitant to initiate a new position even when ACD is confirming?
I would not initiate a new position EXACTLY ahead of a binary event. More often then not, ACD triggers signals several days before hand so you often get a nice cushion going into large volatility events. What I do like to do is if I did get a signal ahead of such an event and that event creates a counter move to the signal, I use that move to enter on the fade.
Sorry for the late response. Yes, koolaid is correct. Remember, price does not invalidate trades, time does. So sharp movements in price against a signal do not invalidate them. So if you get a buy signal and a spike down after, especially on some random news event, that's usually a gift you should accept.
Mav, I was going over the thread....do you still reset the number line with each new month? or do you only reset when it crosses 0?
Great Post! If you are able to follow that logic, and cut your losers and let the winners run...that's the holy grail of trading