When I first saw this position still open my trading account...I must say I was overjoyed. But on thinking and rethinking, I realised it is a trade which shouldn't have stayed open. The only reason it happened is because of negligence on my part of even being aware of an open position.
1. Date : 29th Nov 2007
2. Currency Pair : USD/CHF
3. Trade : BUY
4. System : TNT
5. Method : Retracement - Continuation Signal
6. Entry Price : 1.1131
7. Time of Entry : GMT 0539
8. Stop Loss : 1.1101 (later adjusted to 1.150 around 22/11/2007)
9. Target Profit : NONE (THIS IS A MISTAKE!!!) (later adjusted to 1.1630)
10. Exit Price : 1.1500 (On 26/12 GMT 13:07) (Win 369 pips)
11. Commentary and Reflection : Alright. Honestly I love this trade and it shows me the power of longer term trading. But it is a mistake because I did not set a TP at first, and later forgot about the trade. When I saw it is still on around 20th Dec, I went in and put SL and TP levels. Ended up with SL triggered. Could have saved another 19 pips though, because Clarence's advice (which I did not act on) is to change the SL to 1.1519.
I won't say much for now, but this system seems to work pretty well. I've been trying to do backtesting with my sister, but I got discouraged 2 hours into the research. But, well, like the word says , I'll go re-search for the truth.
Do have a wonderful and meaningful last few days. Have a great year ahead!
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