Ah, BOE interest rate cut.
This is right. Unless itâs changed since I looked, the real account-size is $500 because the maximum loss limit is 10% of the nominal â$5kâ.
âExpectedâ and âpriced in,â though. Shouldnât move the markets too much?
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30 pip move for EURGBP, I was surprised! And for once it went in my favour.
So, I thought Iâd found a great new system last night, with a high win rate if only a 1.5 risk to return.
Tested it this morning, garbage, barely 20% wins.
Tested it this afternoon, 70% win rate???
Is this normal?
Over what number of trades? (Canât possibly begin to judge statistical significance without knowing that! 
)
There can also be all kinds of other factors (especially time-of-day-ones) that can be relevant to what youâre asking, here.
Not trying to criticise at all (far from it - weâve all âbeen thereâ!) but youâll have to give a lot more information than you did, to get any answers that might actually be helpful, you know? 
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Oh nowhere near enough, couple of dozen.
Just thought it was odd for such a big variance.
I will keep testing.
You could easily be right! There could be plenty of other factors involved (depending on this, that and the other, not necessarily in that order?).Good luck, though.
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Hmmm, ânormalââŠI wonder what is ânormalâ in trading! 
One dayâs trading is no basis for assessing the effectiveness of a strategy.
But, on the face of it, it sounds like your strategy success rate is more random than consistently producing an edge.
Trading results are based on probabilities, and probabilities require a number of trades, applied consistently according to the rules of the strategy, and over a longish period of time, before one can draw any meaningful conclusions.
This is why it is so often recommended that one back-tests a strategy before relying on it.
It also depends on what instrument(s) you are trading, what timeframes, whether it is discretionary or mechanical, whether trend trading or range trading, what basis is applied for identifying SL and TP, whether SL is trailing, etc, etc.
I would also add that (very much my own opinion) markets are quite confused at the moment and many are quite static or jittery on shorter TFs, so we are not really trading regular movements at present. This is primarily due to uncertainties where President Trumpâs policies and actions are taking us globally (e.g. tariffs, NATO, Ukraine, Panama, Greenland, Gaza, US govt spending, environmental (in)action, oil prices, etc).
I would suggest (if you are not already doing so) that you journal all your trades in order to identify which are working and which are not - and possibly identify where things might be not functioning right.
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Thanks, yes I journal everything and I also log every trade in a spreadsheet with notes about if the SL could be smaller, if the risk to return could have been bigger and stuff like that.
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My opinion, also.
Iâm just wondering how long it might last.
If that continues throughout his presidency, itâs potentially going to change how we trade pretty significantly?! 
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Yes, it is a really big and hugely unpredictable situation. The changes both within the US itself and in its relations abroad with both allies and others are enormous and the ensuing repercussions almost beyond anyoneâs analysis!
But in many ways, President Trump is entirely correct. The world has indeed leant heavily on assistance from the US for so many years, and the US has spent untold trillions in aid and help to so many countries. It is time those partners also paid their way.
But it is not just about what should/should not be done but also about how and how soon those things should be changed.
Tariffs and sanctions are very efficient tools but their use impacts upon both the imposer and those they are imposed upon. There is a short term immediate impact and a long term influence on future decisions. Even the US cannot entirely predict the eventual outcome of tariffs and counter-measures. But who will be the winners and who will be the losers will only become clear as the next four years unfold.
So where are we left right now in terms of changes in currencies and stock markets!
The one positive note, in my opinion, is that both President Trump and Chinese President XI Jinping are primarily businessmen competing in terms of economic power and geopolitical advantage and using weapons such as cyber attacks rather than the outdated âbomb to bits, kill, and conquerâ approach of some other nations.
The negative aspect is the probable demise of western style democracy. But in a world undergoing powerful changes in global power centres, maybe that is an necessary sacrifice in order to retain our lifestyle.
In a world where more and more people want more and more wealth - and where there are fewer and fewer resources to be shared, there are really only two outcomes:
We all accept a much lower standard of living and willingly share out to all - or we lean on protectionism at all costs even if it means stealing from others that have what we need.
The former option is 99% unlikely to ever happen - and the latter option will most likely end up in widespread confrontation on a scale we have yet to imagineâŠ
My apologies to the OP for drifting off-topic
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And mine. 
Iâm sorry to say that I canât disagree with a single word of your post, @SovoS .
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No problem, politics is always interesting, especially American politics.
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What do you use for journaling/logging trades?
Excel and Wordpress
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Frustrating morning - my early breakout system produced 6 potential trades but I couldnât take them all as they were all around the same time - normally I only get one or maybe two of these a day.
I took the first three, all lost, couldnât take the next three as I was busy placing the other trades and they all would have won!
Anyway, still a profitable day as my early morning trend system showed a decent profit but 3 wins from 9 trades is pretty rubbish.
Mondays are weird.
This is a very common observation judging by how often people say they never trade on MondaysâŠI also (almost) never take positions during the Asia/UK sessions on Monday, but the US Monday session is often the start of my week.
I think Mondays are initially often a mélange of looking back on last week and looking forward to the coming week and reinstating positions closed for the weekend.
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About the same, here. I donât normally expect to trade before lunch on Mondays (UK time).
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