Hi FTT59
Thank you for coming back to me and explaining how you see it.
I totally agree with your first main sentence - I have studied for approx 13 yrs with 7 yrs full time and have a strategy that suits me and my return requirements
I am very aware of your strategy - and of the other traders you have mentioned - but as far as I am concerned - they are simple strategies - that only give you simple results - that are really not that good over the long term - ie more 50 / 50 methods that with good MM might make you 40 -60 % per annum
You seem to be quoting equivalent to 200 -400% per annum ROI - which is possible on live retail only FX capital accounts - especially with no real compounding etc etc.= - but I dont personally see possible on simple basic strategies - as the market will just pull them apart.
Yes you might have a few weeks or even months of wins - but then longer or larger periods of losses - so that even 4 months of good profits can suddenly be reduced over just 2 months etc etc.
This is why it is so important to call these trades as you take them or later in same day if you are holding for 2 or 4 or more days.
Otherwise so many will start favourable - but after going 15 -30 pips in profit they will turn and stop you out. If you have confidence in the method and directional call you would then enter again etc - and then you would expect to see positive results etc - although accepting you will not get 75 or 80% win ratios on simple basic strategies
I have no faith in many past swing methods - the markets are dynamic and forever changing nowadays - so a system that might have been great early 2000's could be no good in 2015 etc.
Week after week of great swing trades seem very rare to me and so this is why you need to call some here on this forum either in advance - or at least same day with some possible targets etc etc
Good Trading
Regards
F
Thanks for your reply F
First i dont think that a strategy has to be complicated to be (very) profitable, i trade with 3 indies but they are quite sophisticated.
If you are familiar with Bill Williams profitunity trading you know this a very profitable method (and specially with the addon method, a technique i use with a lot of prudence as i am not a master) and also in the long term (more than 40 years).
As long as its trendy on the dailies, i have more chances to have nice setups and trades on H4/H1 (it works of course also in M1/M5 as well), i will quote here BW: "want what the market wants"
When i enter a trade i know exactly where is my SL; if the trade is vs me, i might wait for my sl to be hit or exit earlier (depending of the trust in the setup). However, if it goes my way, i let it run (i might protect some profit depending of the situation in the higher time frame as well). Better is to select the setup in the direction of the trendy X5 higher TF
I dont really believe in "there are months of losses and months of wins", i believe that all new info coming to the market bring chaos which is the highest form of organisation. The underline structure of the market is the elliott wave, and the underline structure of the EW is the fractals. If there is no setup, i dont trade, if there is a setup but no direction at all in higher TF, i might not trade too. I believe the market always provide opportunities;
Again, its not feasable to call a trade, because i trade on H1, and even here, it can be fast, and other reason, there is a skype room run by my friend (AIMS trading) and they do call setups there and i dont want to shadow his business.
However, i put directions of trades on my blog:
Example; yesterday 12 JAN at 8.00 GMT +1, i wrote (based on D1 analysis)
Short: EU, Cable, EUR/JP
Long: UCAD, USDCHF
All we need is a setup on H1
We dont have one except UCAD ytd and the trade makes 3% actually, at the moment of the H1 break, H4 alligator was open and D1 is in a wave 3
Cheers