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I didn't even understand a word you just said. That's how much I have to learn about this area :D

Sorry for the wait... I didn't even go to the dmv today. Will do that tomorrow instead. Yes, I do it the old fashioned way. It took me a month to understand and recognize the setup. Once I understood it then I had to come up with an entry method. I tested a few different entry methods...

oh one more criteria when I test. I test it in up, down, and sideways/choppy market conditions. If the method doesn't make money in unfavorable market conditions (sideways) then it's not worth my time.

I have tradestation, but I don't know how to program... I backtest by hand. A long tedious process, but I get to train my eyes backtesting this way. I look at the same stuff as you. I've heard of people achieving 80% accuracy with the setup I am using. I only achieved 64% Also, IMO...

My first system traded in direction of the trend in a higher timeframe. It had problems being out of sync sometimes. When the higher timeframe was probable of retracement, I had many false signals where I was stopped out, but I'd have a good signal after that. I just had too many unnecessary...

i replied to your request at the other thread

chinook, do you have enough data to know the system is profitable? I hear 300 entries is good enough to know if a system is profitable or not. For me, 2 yrs of data is barely over 300 entries... but I went the extra mile and did 3 yrs of data. Took me several months to complete...

chinook, does fundamentals play a role in your system? Just wondering how that could be backtested. Mine is pure TA and performs well

yep, but it's more of a position type strategy for the pound. Pound is very volatile and it makes clearer pictures than euro. I am not automating it because I don't know how. It would be very convenient though. Since it won't be automated I'm just preparing my mind to begin trading again :D

goodluck chinook, I completed my new system as well. I begin next year :D

this quote shows weakness in your thinking. If you are the type to give credit to someone else, you are most likely to give blame to someone else as well. If you happen to work at global and global tells you to trade from 1min chart, or to close your position. Well technically it is their...

how many people here are fortunate enough to work alongside a profitable trader? Some people here at ET are considered guru's, when imo they do not have the mentality of successful traders. Newbies taking advice from newbies, etc etc. This is a common here at Et. So now it's Et's fault...

this is the real reason why Artest went into the stands...

It's tough... weekends only time I can get rest. It's about that cold here in Oregon too. Past couple days we've been having good weather though. I better stock up on KFC today, haha. I'll take chicken over turkey anyday :D happy turkeyday to you too

but you got all day tomorrow to rest :D

jmoris, as far as that post about the spread. Global was talking about how forex is much better compared to other markets becaues there are no commissions. My point was that even with no commissions, 30-50 buck spread per lot is pretty expensive compared to other markets. Andy

you are correct, I have no problems with fxcm :D So if Enron was being traded in nyse, does that make nyse bad too? anyways, you are probably right... i shouldn't say anything if i got nothin good to say.

makes me feel better about myself, haha. I'm just kidding. It's no joking matter.. That's really sad though. For someone to lose all that money that fast, just proves that this person did not prepare themselves to trade. Most people do this too...

2 weeks.... hmm, great risk management

I disagree with that statement. I'm into martial arts and some people think it's where you train at... but I think it's how you train.