Good analysis Frank, I noticed that too on his blog posts. He gave almost no stop loss just to eke out 20 or 50pips and then cheer. Just one of millions of wannabees.Quote from frank01st:
Finally took profit for EUR/USD today. 50pips TP.
Entry Date: 31st May 2011
Entry point: 1.44106
Exit point: 1.44601
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I'm curious, if you entered the trade on May 31st at 1.44106, didn't you have to sit through almost -104pips of drawdown on that peak low on Jun 1st 5:15pm New York time? Nice job with the +50pips take profit. Do you have a stop loss when you entered the trade?
or some like that, for 1000 colones,though.