No sooner did I send out the last email when I was hit with some feedback about my trading as well as the SST.
There is really far too much to cover in regards to the style of trading that requires only price and sentiment. I hope that over the coming updates, that you are able to piece together a few things that may help you. Just know that the probability of making money on those trades is extremely high which does allow you to be more liberal with your risk % IF it suits you.
As for the SST. Nope, I didn’t cherry pick that trading day…I just pulled up the chart. So, I also decided to use the same chart (it is the trade plan that comes with the SST), to show how it did this morning during the trading times as indicated by the available trade plan. On that note, many strategies that are out there ask you to backtest to get the results. For my money, I’d rather forward test after getting the details of the strategy. I think it has more worth seeing how you do with it in live market action…even if you trading a demo account. For FX traders though, there is no reason you can’t use some “test funds” since you can trade micro units and with Oanda, any size at all.
Let’s wrap it up.
The details for the EU:
Trading 2 positions
1 loss of 14 pips (x2 positions) = – 28 pips
1 winner of 20 pips (1 position) PLUS trailed position for + 92
Total = +84 pips
The chart:
