QuoteDislikedthere are so many people trying low probability methods, it seems like someone is always winning with them.
GOLD
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QuoteDislikedthere are so many people trying low probability methods, it seems like someone is always winning with them.
DislikedYep got a few trades triggered over the past 48hrs. Finally! Movement in my direction. And with TPs of 2:1 set to them I am getting some auto exits as well. Woohoo! Free money! I love riding a trend all the way but have to admit these auto TPs of 2:1 are beginning to feel like the way I should go. Of course I need to overlap multiple trades such as another at +100 and then +200 and so on but autoclosing with profit is a really good feeling.Ignored
DislikedHi Graviton Great thread you have going here with lots of great input from others. i like the way you trade. Im reading from the beginning, on page 15 now, have a ways to go until i catch up with you all. I trade with large time frames and weekly daily and H4 to trade with the trend. I will write more later after read more of your great trading. Keep up the good work everyone. I have read a lot of threads over the years and this is the best one so far that I like. thank you for all your advise and giving your time to help others to be that 5%.Ignored
DislikedA few posts back Graviton was talking about edge and about how important it is to have an edge you believe in. I believe that trading with momentum or trend is one of the best edges the retail trader can get hold of, because it is so easy to quantify and understand. It is possible to identify a trend very crudely, just by asking whether the price of X is higher or lower now than it was Y periods ago. Financial academics define this as "time series momentum". When I first came across the academic literature, it seemed too good to be true, so I decided...Ignored
Disliked{quote} Even your best case that is only 5% interest compounded over 12 years, not that powerful counting inflation you will be losing money. If 5% your aim then there are easier and less stressful ways to achieve that. Thinking it about the increase probably is inflation.Ignored
Disliked... I got your point as well G, thanks, it was nice to read a little about Quantum Physics though, and get a bit more insight from your detailed reply, after listening to Physicist, Prof Brian Cox (Works for BBC and CERN,) on "The Infinite Monkey Cage" yesterday.Ignored
Disliked{quote} Even your best case that is only 5% interest compounded over 12 years, not that powerful counting inflation you will be losing money. If 5% your aim then there are easier and less stressful ways to achieve that. Thinking it about the increase probably is inflation.Ignored
Disliked...I think this is a great graphical representation of the edge of trend following. In case you are wondering, the transaction costs might have taken 10%/20% off each total at most. I would not recommend following this strategy in real life (yes, the CHF moves lately would have been a big negative). But it shows you how powerful very simple momentum/trend following can be in terms of an edge...Ignored
Disliked{quote} Great chart. Thanks for sharing. I could write a book about it, but I'll keep it short. I would just point out that all successful methods are trend following methods to some degree. Even counter-trend trading is following the trend of the retracements. If one doesn't believe the markets trend, then the only alternative is that they are completely random, in which case it would be impossible to make a profit after transaction costs. Thanks again for the chart.Ignored
DislikedWoke up to a nice move this morning. Like you said before Graviton...sometimes you make the most money while sleeping...That's a great feeling. Added positions on E/G, E/U, E/C and U/J. Moved up stops on all existing orders to more than cover the risk of the new entries. I've not closed out any positions but just locked in profits like I mentioned before. I have 1 short on A/U at about +90 but it's not very convincing.Ignored
Disliked{quote} Yes, it's amazing the pips that can be made by doing nothing. Many famous traders have said they made most of their money sitting on their hands, or something like that. It's often hard to let profits run when a good trade is doing well. If the temptation to grab the pips before they get away is too strong for me to resist, I take the most profitable lot off and put a new one on. It costs me a bit of spread, but it makes me happy and rich, so that's well worth the price, for me at least. So, I've taken off 5 lots from EU in profit this month...Ignored