Quote:
Originally Posted by scorpion
You think it's a lousy first impression. But it's only two losses. And 40 pips each time. NFP normally moves beyond 80 pips, but market had only 40 pips momentum against us. That's a good sign for us. We win 80 pips if we're correct and lose 40 pips if we're wrong. That's positive risk/reward ratio.
Not trying to promote the system, but as a trader, I think you shouldn't give up after having only two losses. We're risk takers. We know we cannot avoid risk, and we know that if we win more than we lose, we'll be rich in long term.
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2 trades 2 losses. Thats what i have experienced - though i'll keep tabs on your progress.
By the way i don't like the way you imply that i give up after 2 trades. It implies that a) i actually would trade your system full time and with real money and b) that i give up easily while forex trading. You know nothing about me nor my forex trading so mind your own business and stick to solving your own forex inadequacies.
Your system is far too simplistic.For example if you take NFP numbers (lets say they are 'previous' 130k and 'forecast' 110k) then you set a sell eur/usd order. All you do is sell if the forecast is set to be lower than previous number. Cut out all the intellectual insider knowledge %#$@ that you shovel it really is annoying. Go and get a job brushing the streets if this is the qulaity of your method.