What do you think about watching the 60 and taking profits on a reversal there?
Wager on GBPUSD
- Thread starter romik
- Start date
IMHO weekly pattern is one of the best, price and MACD and RSI, personally I am skipping hourly, as I think this will comfortably reach 1.6, weekly chart, so far, is looking like a strong bounce.
well, I just sold some eur.gbp, so I guess I might as well buy some more gbp.usd, since it seems that's the only way people make money any more
(this is all in my paper account where I can do no wrong) One can only imagine the kind of damage it will do to me when I take this system live
(this is all in my paper account where I can do no wrong) One can only imagine the kind of damage it will do to me when I take this system live
Loyek, if you concentrate on average reward being x3 your average loss, then you should be Ok. If you keep pulling out too soon, then the other is almost unavoidable either a death by a thousand cuts or account wipeout by getting married to a losing position. Understanding the math odds behind trading would put you on the right path. Millions of methods out there, but only the above unites the winning formulas.
ok, thank you so much for that helpful advice. According to my statistics, at 3 to one I will need to live as long as Methuselah to break even.