Wednesday, 18 July 2007
GBPJPY charts
I thought today, to do something different, and to start a trend for some different things, im going to post some charts. The first chart is taken from the dedicated server that runs the MT4, that the demo is running on. Until this week it was running on daily chart, on GBPJPY only. the chart shows where the buys were placed and where the profit was taken. Its clear to see the following
- Results would be improved, by proactively managing the EA.
- The big downspike could have been the start of a major correction, and whilst it was not the ideal time to exit, it was the right thing to do.
- If we wanted to get aggressive, we could be buying in on the way down, and we would have picked up a lot more trades. But this is martingaling, and we dont do that. We go with the tide, not against it.
- The limit of 10 trades was ok for this gridmesh size, in terms of covering the range of the market.
- Lets not forget that Hindsight is a wonderful thing.
- We should have traded bigger lots we would be retired by now!
Subscribe to Posts [Atom]
