Congratulations Wasteland. Continue your strategy and always look for ways to improve it. I'm sure you already know this, but the only one you have to answer to, is the I.R.S. As long as you continue to increase your Bank account, who gives a shit what others think.
Thank you bro..ı know they mean good but they dont know me..ı trade for example abc parallel correction ))))))
Come back here, after you have become a millionaire from trading. This place would literally be a ~ghost~ town, ))))))
First, good job catching a nice move. However, there were dozens of "methods" or signals that allowed for catching this move. It would be good to seek out cases where the exact same entry and exit conditions you used did NOT work out so well. Find the ratio of where it worked and did not work, and then add up the P/L. That way you will: 1) not being doing confirmation bias by looking at only when it works 2) be able to refine your method and make it repeatable over and over. One good (great) trade is just that, one trade. It is not the basis for a method, system or long term sucess. It is a high volatility, big moves, Momentum environment right now. Go back 18 months and the same conditions do not exit. That being said, this environment can continue for a long longer. Happy Trading...
thank you for a constructive comment ı know it would not work back then ı am just using the downside momentum to short the tops and fibo working very good at the moment if you look at risk reward during my entry you will see that it was 1 even 0 to 10 so that kind of entry is hard to pass by
They don't know you but you pretend to know the others? You called everyone an amateur who questioned you. All I said is that every approach works sometimes. You have something if you can make consistent money with the same approach. You have shown a single trade so far, so with all due respect, this means nothing in itself. 4000 dollars is what I pay just to enter some of my trades in terms of spread. I trade more than half a billion usd notional each month in cash FX. A 10 or 20 mln dollar order incurs the cost alone that you boast about you made in profits. So again, you called others "loosers" without knowing the slightest about them. That makes you look ignorant and arrogant.
Congratulations; Obviously you are very proud of that accomplishment How does your equity curve look for the year so far Why 45 days, why not year to date? Gotta say I'm more impressed with 5% than a random number. Anyone who has their head above water this year is doing well.