Friday, November 20, 2009

Update on where I'm at

I've been trading FirstStrike Plus since March 1st, and I've decided against continuing trading the method for now, because its returns over the past 8 months are not consistent enough. I am currently following a thread/method introduced at forexfactory.com under the name "Pair Divergence Method" which can be found here: http://www.forexfactory.com/showthread.php?t=160679

I've back tested it so far over 7 months and the returns are staggering. We're almost through November, and I'm almost done testing March, and the returns for those time periods are looking excellent as well.

I'm not giving up on FSP or DIBS, but I do not feel I can currently rely on them for my "bread and butter," so they will stay on the shelf while I get settled.

If anyone happens to read this and knows of a good CPA that prepares traders' taxes, shoot me an email or leave a comment. I just finished attending two webinars from www.tradersaccounting.com, which were very informative, but I don't necessarily want to decide to use them yet. Thanks!