I had another nice profit today when I got a signal to go long during the European session early this morning. I manually entered the trade at 2 am this morning right when I got home from a night out. I profited 60 pips on the first two lots and my last lot was just stopped out with a 47 pip profit. That's a total of 107 pips.
Since going live last week, this system is up 328 pips.
I'm actually looking into another system that depends on the h-system. It entails reversing if the GBP/USD reaches certain levels. This would be contingent on having a profitable trade. Right now I like what I see. It seems like when the GBP/USD reaches certain levels during the European session and the US session, the pair reverses after 10am EST possibly due to profit taking or lack of liquidity.
It's nice to see this system working out so far but I've been in similar situations before so I remain cautiously optimistic. I feel like I'm further along in this journey than I've been in the past but nowhere near where I have to be to become a full-time trader. I have to say though that I've never had a system like this before that has well established rules with a limited level of discretion. I would recommend that for those of you that haven't already, dedicate your time to developing a system that fits you and learn it well.
Maybe Rob Booker has it right. He gives you a system that he believes in and shows you how to trade it consistently. Stick to the system everyday and use a limited amount of discretion. It's really not the system that's important. What's important is the discipline involved in trading this system.
