Hey all, back with you, sorry about the Long Break.
Update...total results for the 2016 period...
My Live Account at Dukascopy (that I´ve had since 2011) cant be tracked and independently verified, so this is why the Demo Account at FXCM was opened-to mirror the same trades I make on my Live Account. So I kinda have an idea about Demo vs Live.
However to provide more transparency, I´ve now opened a Live Account at FXPro that can be tracked.
So the expectation is that my strategies will continue to show why its a great way to make money Long-Term on this market.
RESULTS AND PROJECTIONS
Now as far as patient Swing Trading strategies go, results were good especially when you apply it over the long-run. However, it was a little below what I´ve come to expect from Strategy.
Middle of the year was a little difficult, but assuming better conditions, Im targeting 60% to 90% conservatively and 300% aggressively for this year. With just one trade so far giving me a 9%, great start.
Demo Vs Live
Ahh the popular debate. No real difference. It will feel different if you trade without a good, proven strategy on a Live Account and youre suddenly faced with the stress of dealing with real money without a solid strategy. It´ll feel like its moving 100 mph and brokers are stop-hunting you and all kinds of conspiracies..
After all, when the EURO USD drops by 100 Pips, it does so on both a Demo and Live. So once your strategy is able to capture 100 Pips on the Demo - once you continue to follow the rules- should be able to capture the same 100 Pips on a Live..right?
EURO AUD TRADE POSSIBILITY
This is another trade that Im looking at..
I get my signals from FXCM because it uses the best version of the New York Close Candle - crucial to Price Action Strategies like mine. But my Live trades are done at FxPro. (Better Platform, alerts etc.)
If I see a good setup and signal on the 4H Chart, will trade it short to Support.
I've been on and off demo trading for a while and trying to follow the school of pipsology. This week i came to conclusion i enjoy and I am better at following a similar method you show here. I will be following with great interest whilst starting my own journal in the forum.
Yeah, no offense to Baby Pips, but most of the knowledge is directed at Day Trading..so cant get much for Swing Trading.