Setups I should have taken but didnt because of data, news or thought price was approaching level too fast for it to hold. Naive of me to think that I can make an accurate analysis in deciding if a level will hold or not because PMI etc was slightly worse than forecast and/or price approaching...
there is also the theory that sugests we are only ever 6 handshakes away from anyone in the world. Watched on bbc horizon, very good. http://news.bbc.co.uk/1/hi/magazine/8029774.stm
With a 60% win rate and 5% risk (theoretically 20% risk be would be optimal) assuming no moving SL and reinvesting profits, after 60 trades you can expect account to have grown by 69%
Missed this one other day. Was a big player trying to break through 1.4650? Nice buy opportunity if you like breakouts or when resistance became support after the breakout
to earn a wage from?, or to not withdraw profits and grow the account, over what time period?
I guess expected payoff = (probabilithy of win)*reward - (probability of loss)*risk