Hi Dave, It ended up hitting . 7311. Unfortunately I had dragged my stop up. So stopped
out for $ 19.57 loss. So in realty it would have been a successful trade, but I had given up on
it and was surprised this morning it had hit the original T/P.
If I had stayed with my original S/L. below trigger candle, price got no where near it.
Also intrigued that , even though it should serves no real purpose, price stayed above .618 Fib
on same trigger candle throughout length of trade. So I made two mistakes, twice dragging
stop up for no real reason. Lucky first time and punished second time.
I'll keep trading this system as out of 3 trades so far, 2 were successful and 1 a " couldhavebeen"
As there are not many trades on offer in Asian session, I'm trading on Consensus, so how
much the experts miss it by. I think off hand jobs created was a big miss by them.
Like I said I will keep trading the core off your system for a couple of months at .1 lot size.
What I will be looking at is how many trades are successful in the smaller pip range and
if there are possible trades, instead of 1:1, maybe 1:2 or even 1:3. looking at 10-20 pip range.
Would trade those at 1 Lot position size if the win rate is up there after testing at .1 until
early next year. The rest of trades I would be looking at .6 to .7 depending on S/L range.
I know you trade the system on big reaction to good or bad numbers, and 1:1 is your T/P
but even that A/U trade added 25 pips... so far, after hitting my original 1:1 T/P.
As it looks like there are only a few trades available a month on big news, I will be keeping
stats and trading the lesser ones also to see what the success rate is.
I like it because you have defined entry and other conditions for taking the trade.
As a stand alone system, unless you were to stay up all night trading news events London
and US. , or trading 2 or 3 Lots per trade in Asia, it may be hard to make a wage off it.
Anyhow I'm in for a couple of months trading it at .1 and see what the results are.
