Comment by talisman on April 16, 2012 at 3:39pm

good work.  trade #6 had a nasty little draw down when already in profit so you must be showing some good trade management to be able to stick it out and end up where it did. 

Comment by 2ndSkiesForex on April 16, 2012 at 3:43pm

Hello Talisman,

Well first off, my students have learned to be disciplined and let the trade play out.  They do not micro manage the trades and trust the systems to make money as that is what they do.

But if you look at it, the stop was 10pips and the target over 40pip so they mathematically only have to be 27% accurate to make money which my students are more than confident they can be with this - especially since most of them are 60%+ accurate on average so no need to worry about this trade - just let it play out.

Hope this explains it

Kind Regards,
Chris

 

Comment by elanthiraiyan on April 16, 2012 at 4:20pm

nice to c.. chris i am a big fan of urs...... once i earn money i ll defintiely enroll in  ur class .. looking forward.... hope i ll earn money soon

Comment by 2ndSkiesForex on April 16, 2012 at 7:05pm

@Elanthiraiyan,

Good to have you as a fan and I appreciate the kind words.

I'll look forward to working with you but between now and then, keep up with the blog, forex trading articles and webinars which will help build a base of knowledge between now and then.

BTW, not sure if you heard but am teaching the Monthly Price Action Webinar which will go over some really interesting price action patterns, setups and quantitative data so make sure to come to that if you can.

Kind Regards,
Chris 

Comment by elanthiraiyan on April 17, 2012 at 8:44am

definitely looking chris..... i am following ur blog chris...ll look ur webinars.. learning

Comment by 2ndSkiesForex on April 17, 2012 at 7:43pm

@Elanthiraiyan,

Coolio - make sure to come to the Monthly Webinar called Forex Price Action Trading - 2ndSkiesForex.com this Thursday which will be 1.5hrs so hope to see you there.

Kind Regards,
Chris 

Comment