I'm long gold at the moment in a fun "side trade", currently in a small loss, but feel there is good upside. Nothing technical with this one, just wanting to go long ..... looking at the 1350 level early-mid December. This is a pure side gamble to ...

THE only Pattern

An average week this week; positive that we had 8 TPs hit, but some downside movement in AUD and GBP in particular meant a losing week of about 0.8%. We are still in positive for the month, at around 1.2% MTD equity gain. There were six orders ...

Set and Forget

Another good week all up, and another opportunity to close a losing trade and reduce drawdown. Gain on equity was up to almost 3% MTD fairly early in the week. The week started with 9 trades still open, and 11 orders placed. 9 of those orders got ...

Set and Forget

Thanks David, As you say, no point continuing the debate as we will both end up repeating ourselves. I started playing roulette about 20 years ago, and I admit I was completely sucked in thinking it was possible to earn a living from it. At one ...

Higher Edge within a Single Candlestick

Hi David, I think we are a little misaligned in our line of conversation. I agree that there is no mathematical edge to be gained over the casino. I don't believe there is a "system" that can beat the house. However, I was disagreeing with the ...

Higher Edge within a Single Candlestick

Good call. I liked the setup on this one and jumped in. A 50pip profit taken with 15 pip S/L risk.

THE only Pattern

Hanover, What part of NZ are you in? Im in Auckland, happy for you to come and sit beside me the next three times I go to the casino. I do not profess to have a mathematical edge. I walk away when I'm ahead. I do not profess to be able to "beat" the ...

Higher Edge within a Single Candlestick

A little off topic and quoting a post from a couple of months back, but I disagree with this completely. Simply because I constantly win on roulette. Not always, but I win at least 4 out of 5 times, and its probably more like 9 out of 10. So why ...

Higher Edge within a Single Candlestick

Thanks Dave, I must admit it has been a good run so far, and fairly stress free (and much less time consuming too!). I'm really interested to see what fluctuations in drawdown there will be over the next few years, although I believe my "resets" ...

Set and Forget

Towards the end of this week I carried out a "mini-reset" of positions, as in just the first 2 days of November we had had gains in equity over 1% (so over half the monthly target). This consisted of closing out some of the older trades that were in ...

Set and Forget

Nine Month Summary It has now been nine months of pure Set & Forget trading. There have been over 300 trades taken, with a success rate of 93%. In dollar figures, the average loss is about double the average win. The annualised IRR on equity during ...

Set and Forget

Not a bad week, some good gains in GBP but down a little with the SGD trades. So overall we were 0.6% up for the week, taking the equity gains for the month so far to 2.46%, just over our 2% target. There were 5 trades placed last week, all taken, ...

Set and Forget

Another relatively quiet week, with 3 orders placed, 3 TPs hit, and a small drop in equity, meaning total equity gain MTD is at 1.8%, so a little under target. The outcome of the NZ elections helped as the GBP and USD trades lost a bit of ground. ...

Set and Forget

Some decent gains in equity this week, up 3.5% overall, which means an approximate 2.3 % gain in equity MTD. Last week I placed only 6 orders, 4 of which were taken. There were 8 TPs hit however, so above target, and retracements in some trades that ...

Set and Forget

One of the slowest weeks to date. There were 8 orders placed, all of which were taken. But only 2 TPs were hit, so under our 5 TP target for the week. Equity was down 1.2% for the week. Currently I have 14 trades open, and have just placed another 6 ...

Set and Forget

Another average week to close out the month of September. There were only 4 trades placed last weekend, with all 4 being taken. There were 5TPs hit, so we met target there. Mid week we were up about 1.5% equity gain for the week, but we closed the ...

Set and Forget

A reasonably quiet week this week. 7 orders placed, 6 taken, and only 3 TPs hit all week. The rise in the NZ dollar meant a 1.6% drop in equity for the week, reducing the MTD gain in equity to around 5.8%. This leaves me with 9 trades open at a ...

Set and Forget

Another great week with almost 4% equity gain for the week, which brings the equity gain MTD for September up to 7.5%. There were 8 orders placed last Sunday, 5 which were taken. During the week, 7 TPs were hit, as well as the 2 EURGBP positions ...

Set and Forget

Hi Paolob, My first reaction is that while your account may last more then 10 days, this journal won't last much beyond that because your objective isn't an achievable long-term goal. Or are you aiming for 2.5% per day just for 10 days? What would a ...

"dubium sapentiae initium" -- 2.5% daily return

September has been a very positive month so far, with over 2% increase in equity this week, bringing the equity gain MTD to 3.5%. I only placed 5 orders last Sunday, all of them taken, and I had 7 TPs hit, over the 5 per week target. That leaves 8 ...

Set and Forget