Hey mate what was your largest loosing month in your back testing?
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DislikedHey mate what was your largest loosing month in your back testing?Ignored
DislikedHi Steve!
I have been following your thread a while, and I'm amazed by your trades! It looks that you have a great strategy!
About your latest losses, hang in there! There are plenty of people including me that have been losing their trades in february!
I will continue to read your thread every day.
Wish you all the luck!
DennisIgnored
DislikedHi Steve,
I am with you in your annoyance. This February has not been good to this system. I still have big hopes for it because I see it as a reasonable way to make some money and build your capital while you continue to hold to your "real" job for a while. Lets hope this ranging $%^$#@!!! ends soon and the trend starts to give some nice pips.
I can hardly wait to write my resignation letter and spend my time at home, playing some golf, spending lazy hours at a bookstore, checking the internet for hours looking for the best deal for my next 2-week trip to the Bahamas, and...trading to pay for all that.
So c'mon!!! let the trend begin!!!!Ignored
DislikedI hear you Al... Because of February I had to postpone my plans to actually buy the Bahamas. Not to mention the fact that the repo man got possesion of my Ferrari and my lovely wife. Oh well... I will miss them both.Ignored
Disliked
It's been a case of 3 steps forward (Nov,Dec,Jan) & 1 step back (Feb) so I shouldn't be too dispondent. I made an error of judgement last night on GU which I will learn from but apart from that I feel I have stuck religiously to the system.
We'll get there....
Kind Regards
SteveIgnored
Disliked[/i]
Steve,
First off, this has been a rough road in Feb. for you, sorry to hear that. Secondly and most importantly, CONGRATS! for sticking to your plan and most importantly your Money Management, this is the "Holy Grail" to trading and you are proving it. 20 out of 21 losses I think I read somewhere in the last few days, survivability in such times is paramount and only disciplined money management can get one through such times, whether it was due to bad calls are a minor weakness in ones system is irrellivent, such times do and will occurr, a trader just has to be prepared for it and you are doing just that. Once this storm is over for you and your dedicated followers, you will walk back into the sunshine with a new found sense of security, knowing that your system and money management (which is all one) can survive, that psychological boost is worth losing 600 or so pips, because it will happen again, and next time it will be easier on the psyche as you have already ventured down this path. Like you said 3 steps forward, 1 step back. Keep up the positive outlook and the great work my friend.
Cheers,
NorthproIgnored
DislikedMake that 20 & 21 straight losses - USD CHF stopped out for minus 65 - hit my s/l & reversed back - no surprises there
USDCAD stopped out for minus 36 pips.
Will post the numbers later if I can bear it lol.
Two current trades are up 97 pips as I speak & unless UJ reverses on me will be able to lock in a small amount of profit tonight - get the flags out
I'm so annoyed I didn't just trade the candlesticks on GU & UCHF - stupid mistake. From now on I vow never to bother with trend lines etc. Yes, they do bounce of them but they have to be breached sometime and that sometime was today. Instead of bemoaning losses on GU & UCHF if I kept to my plan I would be plus 120 on GU now & plus 40 on UCHF.
Steve you stupid boy lol. OK, I'll be back later with an update.
Kind Regards
SteveIgnored
Dislikedstevie,
stay positive my man, things will turn around, we both know that
congrats for sticking to the plan brother, thats hard to do especially when the plan is giving you a red buttocks
you'll recover no problem, keep a level head, which you seen to do without fail
have a good weekend brother
pippleIgnored
DislikedHi Dennis,
It's been a case of 3 steps forward (Nov,Dec,Jan) & 1 step back (Feb) so I shouldn't be too dispondent. I made an error of judgement last night on GU which I will learn from but apart from that I feel I have stuck religiously to the system.
We'll get there....
Kind Regards
SteveIgnored
Dislikedstevie,
stay positive my man, things will turn around, we both know that
congrats for sticking to the plan brother, thats hard to do especially when the plan is giving you a red buttocks
you'll recover no problem, keep a level head, which you seen to do without fail
have a good weekend brother
pippleIgnored
DislikedRed Buttocks
Have a great weekend yourself pipple - watching your journal too
Kind Regards
SteveIgnored
Dislikedi think sir alex ferguson would refer to this situation as "squeaky bum time", so get clenching steve...Ignored
DislikedHey steve,
Just thought I'd say hey, and compliment you on the success you've had! I wouldn't worry too much about this month, as the preceding months show, you will get your money back. The fact that you stay positive during losses is very admirable! Anyway, wish you the best of luck, and keep up the good work!
Regards,
KevinIgnored
DislikedWe seem to have a backside theme going tonight don't we
Yup, I was counting on that trendline - typical that the first time I trade off it, it decides not to bounce . I had in mind the last time it headed towards this line that it bounced & I'd gone short.
Actually I didn't use trendlines at all in backtesting which is why I was a little annoyed at myself for trying to be too clever. I know they form a basis for many people's trading & trendlines do have merit - it's just they shouldn't form part of my system in live testing.
Have a great weekend too my friend & keep those comments coming.
Kind Regards
SteveIgnored