Just a brief note to say how theoretical testing differs from real life trading. My system generated a signal to go long in EURUSD when the level was 1.3066. At that time I was at a dinner with my daughter and her partner, and could not monitor the markets. The next chance I had to look at the markets, EURUSD was already over 1.31 and currently it is at 1.3170. A 100 pips missed. But I am not going to chase this after I missed the signal. This is real life. If one has to succeed in trading it has to be with all the constraints of real life, not in some theoretical paradise. I’ll bite my tongue and accept this – to pretend otherwise means I am living in la-la land. I want to succeed in the real world, not in la-la land.
For this reason I think it is crucial to think how one can adjust one’s lifestyle around the trading times. Location becomes very important. For that reason, I think once I can settle my personal matters around residence, I might move out of Australia to Hong Kong or Singapore, simply for the more supportive time zone.