Follow up on $EURUSD speculation

It looks like my prediction on black wave 1 and wave 2 rebound turned out to be very accurate. The low point of wave 1 was 1.4281 just 10 pips below my prediction.

We cannot expect the prediction to be this accurate so often, but the accuracy often can be high enough for us to plan a profitable trade with sufficient probability of winning.

This is the justification of participating in the unbeatable game.

Enough said.

EURUSD seems to be finishing black wave 2:

20100106-eurusd-90min

As I write this, I just offered a half of what I plan to hold as short position at 1.4410. My loss-cut line for this is 1.4490.

I will wait another 8 hours or  so before placing more orders.

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Real time trading tweets

The plan in the article may get rejected any time, so please check out my tweets on Twitter.

Current risk exposure:

"","","","","$29,058.30","","","","","","","","","","","","","","","","","","","","41.95%","","","2.00%","","","","","","","","","","","","","","","","","","","","","","","","","","","",""
Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
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Drawdowns

From recent 100 trades (%)
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Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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