HERE IS WHERE IT BEGINS...
It turns out that what the office landlord meant by 24/7 access was that if someone left their reading glasses sitting on their desk, they would be able to go back and retrieve them after regular business hours. She did not actually envision someone working from…say…midnight to nine o'clock in the morning.
She said she would think about whether to allow me to do so and get back to me after she talked it over with her husband. But, I've decided to go a different route. It will require me to spend another week setting everything up before I even know it it will actually work or not, but in the meantime, I'm going to go ahead and try trading just during the middle portion of the New York session.
This will not be as desirable as trading the entirety of the London AND New York sessions. Nonetheless, I think that having recently delineated each of the various trade setups that are at my disposal is going to empower me with the ability to pinpoint super promising trade opportunities even within this limited scope, so that I will still enjoy a decent return most days (but not always).
Moreover, because I have painted such vivid pictures of what I expect to see, if and when it doesn't happen, I will know almost immediately to abandon the corresponding trade expeditiously, so that most losses should be a fraction of the average gain. But gain, not always.
For example, the potential trade opportunity I identified last night (see the quote box below) took a total of twelve hours to unfold, with more than half that time needed to "let profits run" (for about 40 pip’s worth of gains) once the position was actually entered:
But, all of this morning's trades were executed within a window of Internet access opportunity of only about two hours, and given little more than two or three hours additional time to continue developing as they were monitored sporadically, thus seriously limiting the potential size of the winning trades to that of the losing trade...
I trust this will change next week if the base of operations I have in mind is in place by then. However, I wanted to go ahead and get started today anyway so as not to make any excuses for failing to follow through on my stated intention to see whether there might be any validity to the principles on which I base my approach. Accordingly, if every day this week is profitable (regardless of how small) I will be happy.
Until I know for a fact what kind of success rate I will indeed be looking at using this "Bias Overlap" version of Numerical Price Prediction, I intend to stick to a trade size of 0.01 lots. If the system does eventually prove to be as profitable as I suspect it can be, I will increase this size incrementally—little-by-little—until I'm typically trading one whole lot per each position I open.
It turns out that what the office landlord meant by 24/7 access was that if someone left their reading glasses sitting on their desk, they would be able to go back and retrieve them after regular business hours. She did not actually envision someone working from…say…midnight to nine o'clock in the morning.
She said she would think about whether to allow me to do so and get back to me after she talked it over with her husband. But, I've decided to go a different route. It will require me to spend another week setting everything up before I even know it it will actually work or not, but in the meantime, I'm going to go ahead and try trading just during the middle portion of the New York session.
This will not be as desirable as trading the entirety of the London AND New York sessions. Nonetheless, I think that having recently delineated each of the various trade setups that are at my disposal is going to empower me with the ability to pinpoint super promising trade opportunities even within this limited scope, so that I will still enjoy a decent return most days (but not always).
Moreover, because I have painted such vivid pictures of what I expect to see, if and when it doesn't happen, I will know almost immediately to abandon the corresponding trade expeditiously, so that most losses should be a fraction of the average gain. But gain, not always.
For example, the potential trade opportunity I identified last night (see the quote box below) took a total of twelve hours to unfold, with more than half that time needed to "let profits run" (for about 40 pip’s worth of gains) once the position was actually entered:
But, all of this morning's trades were executed within a window of Internet access opportunity of only about two hours, and given little more than two or three hours additional time to continue developing as they were monitored sporadically, thus seriously limiting the potential size of the winning trades to that of the losing trade...
I trust this will change next week if the base of operations I have in mind is in place by then. However, I wanted to go ahead and get started today anyway so as not to make any excuses for failing to follow through on my stated intention to see whether there might be any validity to the principles on which I base my approach. Accordingly, if every day this week is profitable (regardless of how small) I will be happy.
Until I know for a fact what kind of success rate I will indeed be looking at using this "Bias Overlap" version of Numerical Price Prediction, I intend to stick to a trade size of 0.01 lots. If the system does eventually prove to be as profitable as I suspect it can be, I will increase this size incrementally—little-by-little—until I'm typically trading one whole lot per each position I open.
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