Forex Trading: Risk/Reward

The end of another Forex Ratio Trading month, and well I guess I can say that things are back to normal. Coming off a hot streak where we took the Live Room account from 17-38% ROI, this month we were only able to increase the account by 3%. Although this number seems small in comparison it's important that we not get over confident with our past results. Yes we've been on a heater for the past 3 months but we don't want to let that turn into overconfidence. Basically what I'm saying is that we need to take advantage of the good times, but not let greed effect us when they start to even out. Around this time last year we were up around 44% before a December drawdown which put us at 42%. This year is looking very similar. With only one losing month in the books (same as last year) we now approach a historically bad month up 41%. Although my goal is to do better than last year, I need to make sure that I don't let that personal goal affect my trading. A simple mistake such as over trading in the beginning of the month can be potentially devastating as the opportunities dry up as we approach the holidays. Luckily, because of my performance record I no longer feel as if I have to impress anybody which was how I secretly felt during the first year of my Live trading room. Regardless of what December brings us, I'm very pleased with how the year went. I can feel myself growing as both a trader and a businessman and well there are a lot of things I'm looking forward to doing in 2014. First things first. December is around the corner, so as always I need to forget everything from this past month and start from scratch once again. Akil Stokes Head Trader at Trade Empowered www.TradeEmpowered.com

Comments

1. guys this is tottaly bullshit take my advice
   get ride of all thos fake things
   1-Fabionachi
   2-chart patterns
   4-harmonic
   5-elliot (partially)
   
   focus on what i tell you
   1-look at the general trend (zoom out your chart)
   2-the recent trend (hourly period 5 to 7 days)
   3-the point of recent trend reflection (identify it )
   4- ride the wave each raisinf wave must hit a resistance to turn to down wave
   5-suport and resistance level of each wave
   6-each resistance must pull back to support to break the upper resistance for an up trend
   7-becareful about news dont trade on news unless you are expert news trader analysis
   8-very important your entry point wait for down candles on an up trend
   9-do not scalp
   10-dont trade gold and spots its for heidging
   11-get ride of indicators except waves indicators that has high accuracy focus on real structures indicators paint it selfs back
   12-the market changes every time its human market it dont repeat it self back waves can adapt the market changes not waves are like other it can adapt
   13-chart paterns will be broken by new or high liquidity or banks and hedge funds
   menopulating market alot of tricks happend in the market believe me
   
   i built a theory and advanced system based on what i told you above
   this is non commercial advice
   
   remmember money manegement is the key of success to countinue trading with out lossing your account
    
2. Hi Akil Thanks for great infos can you identify all 13 element of CTS system I cant find any information on that net. Thank you in advance
3. As always, good stuff! I was just wondering, for cypher pattern, X to A it must be an impulse leg, or it can be an anchor leg as well for the pattern to be valid? 
4. Akil; first of all enjoy Thanksgiving with your love ones. 
   The videos are getting better and better and always very easy to understand. 
   Apparently you understand your topic. 
   
   All the best, 
   Peter 
5. Akil, what is the name of the song at the end of the video?
6. Great stuff brother! Cheers!
7. Great video . The filming is much better . I like it when your not using your headset .
   Do you guys take a break over Xmas ?
   
8. Thx Akil, as always another good vid. Enjoy the the two days off and the turkey.
9. Great insights Akil. I can't say enough about backtesting and the confirmation/confidence it gives you on your plan/system. "The proof is in the pudding!" as we say. Good luck with the new house, and have a happy thanksgiving!
10. Check out the end of month review along with a brief lesson on Risk/Reward ratios and how to determine whether your system or strategy is profitable or not.