|
Quote: |
|
 |
|
|
Walterw,
This is another incredible and excellent thread from the Chimp. You have attracted quite a number of talented people working as a team in your threads. Thank you very much for an outstanding team: Walterw, PYenner, Blu-Ray, Sparrow, Unicorn, ....and also "the man with the money" Soultrader.
There are many "gurus" in this Forum. However, in my opinion you deserve another "oscar".  |
|
|
|
|
Yes, echo that Michaltrade.
Its the opposite of what you expect to find on the internet and its great.
Walter
You ask for feedback about the way the systems repeat themselves while having variations in them too. Its great like that, consistency but still an open mind for variations.
The 5min/1min entry thing is about waiting for price and momentum to prove themselves so there is less guessing and hoping and it works for me.
Gains for me from entering later with momentum- consistent trades, less waiting, less drawdown while waiting, quick in and out = less stress.
My fx target is currently around 20 pips and mostly that is taking 4 scalps over 4 hrs but sometimes get more from just two trades. Mostly trading the earlier parts of a move and not caring for now what happens after exit, happy to wait for a re-entry setup for another quickie.
But the big wins for me are consistency and less drawdown. RnR plusses.
As I get the hit rate up I am also happier to stop out quick and wait a bit longer if it doesn't look to be developing as expected. Before I tended to tolerate more drawdown because I was entering too early.
Yes the Oscar goes to Walter, thank you for the inspiration and the perspiration.