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Yep, that's the way to do it Heavy. I was born at night...but not last night...LOL!After a I blew up a few accounts in the old days, I started keeping secondary accounts where I could trade the other direction. Each week or so, I'll take profits out of the winning accounts and shuffle them over so I can take additional positions on the drawdown accounts and keep things flowing nicely so the percentage of drawdown doesn't waver much. Wash, rinse, and repeat. Works like a charm.
Pennies i gotta try that hedge system-why not have tried everything else lol
A few years ago, I was playing around with the box method based on a fib box system that Simplegreen brought to IHUB.During testing, I often found that 3 boxes was about as far as the market could push a particular pair in any given direction without a retrace.The basic rule was that once the 3rd box got hit, the price would retrace back to the 1st box level again.EU is basically there. Can't rule out a bit more topside but it's pretty limited from these levels.EU 4 Hour Chart...
Pennies can you explain again how we drew the first box-