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Took 2 longs last night EU and EJ.

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boca_bobby   Tuesday, 02/10/15 12:22:13 PM
Re: None
Post # of 140143 
Took 2 longs last night EU and EJ. Both picked by the system with 80% probability. EJ has already given us a positive trade but EU down about 20 pips so far. Gonna have to wait another day or so I guess.

Just a heads up up folks. Many times the Tech tool will give us a play only to disappear the next day while not fully reaching it's goal. This is the case with EU. It was in play yesterday but not today.

We should remember that these plays are computer generated and just looking for patterns that have a likelihood of success. This is why we can't just use the tech tool but need to use our own chart reading skills that we have discussed here many times in the past. The tool should be used as just that - a tool.

The tool says, "hey look at me!" Take a peek and judge for yourself if you like the set up. This is another reason I look at the probability as well as the pattern the tool spits out. Then after all your own analysis, you can decide what to do. Then after you jump in we need to just be patient.

This brings us back to EU. Now since it is off the list of the tech tool, I will look for the first opportunity to just dump it and move on. Even if I take a small loss, it's ok as long as we can fight another day.

In my experience, using this "system" gets me 60% winners. This is not a tremendous win rate but the winners seem to get me large gains and my losers are usually small. This all adds up to a portfolio that goes northward and this is much more important than my win rate!

Have a great week folks

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