Hi how are you, I've been enjoying your posts and I think they're great. I do pretty much the same thing you do in terms of how I trade...focused on retracements. This is in response to your post about the "take profit revelation." In my backtesting on not that many data points, about 200 or so, I noticed that my expectancy was significantly higher if I got out of a retracement trade around the 10-20% level, rather than try to get out at the next swing high/low or hold out for a larger move to play out. At least that's what the math says...but then that's at odds with my emotions that tell me that in the longer-term the currency should move to the next technical level, etc., so it's hard to take the trade off without waiting for it to develop more. Have you considered taking two positions on the retracement, closing one at around 20%, and holding the other at or near breakeven? Or do you mechanically take trades off at the ~20% level? Just curious. Regards.

I don't have any referral incentives but I appreciate the offer! Let me know when you get your blog up to date. I'd love to check it out!

Matt

I just took a look at your blog and you're doing a good job with it. I am in the process of re-doing my blog and hope to get it up and running soon.

I've been a stock trader for quite a while and these last 2 months have made me look for greener pastures. So I have started a forex demo. I was wondering if you are still using EFX and if you are still satisfied with them.

If you get any incentives for referrals I would be happy to let you refer me.

Regards.
Bubbs