Good morning folks, I hope you are all well.
Just wanted to let you know that I wrote a blog post about backtesting yesterday
You can find it here
I share some info on the recent backtest I did
The importance of balancing out maximizing returns as well as average RR/SR
How I look at filters etc etc
Anyway, I hope that helps clear things up for you.
More than probably worth to check it out even if you’ve done a lot of backtesting, I’m not covering the basics
Let’s dive into the important stuff now tho 🙂
Trade Update
AUD/NZD
I executed a short on Aussie Kiwi yesterday – Gotta love low spreads otherwise I’d have been tagged out.
Let’s see how it goes
FX Watchlist
AUD/CAD
Aussie Canadian is on my watch for a potential long, let’s patiently wait for a set-up tho
EUR/JPY
Euro Yen may provide for a potential short, the weekly / monthly stack doesn’t look too good tho, so let’s see
Silver
Figured I might as well share a chart of Silver even tho I’ve actually never traded this one.
It has a great weekly stack, and this zone does represent a strong area of past demand, let’s see if it’s still valid
I was about to add a lot more pairs, but since it’s Friday, we might as well wait till the weekly close so we can have new valid weekly stacks before doing so.
Enjoy your weekend!
Oh and don’t forget to check out the article I wrote 🙂
Bullish on Coffee - a Forex Trader Blog 