Wednesday, January 23, 2013

10 pip trade #02 - win - 1-1, win rate 50 %

Woohoo, 50% win rate already, drives home what James meant about the law of large and small numbers, and how results from small samples are meaningless.

This was a GBPJPY trade, I stupidly didn't get a shot of the dashboard, but the JPY was heading nice and steadily south and the GBP was looking almost respectably upbeat so I paired them and the sell price just snuck over 10 pips on the second candle after I spotted it. Didn't do a lot better than 10 but it did the 10. This screenshot was taken a few candles later as I wanted one of the sell line across the target line.




10 pip trade #01 - absolute fail- 0-1, win rate 0 %

GBPJPY - Saw these on the T2 and jumped to drop a marker on the chart. Stupid thing to do really, they had done sudden breakouts rather than anything steady and sustainable.

Actually it was a complete and utter unmitigated balls up, I looked at the signal for GBPJPY then drew my lines and 'traded' it on a CADCHF chart. Bloody hell .........    fwiw the GBPJPY was forming a doji at the top of a run at the time then turned around and went down 42 pips so that was an absolute fail.