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  • #261
  • Oct 31, 2011 5:42pm Oct 31, 2011 5:42pm
Quoting Chicky
Trade#16 - Entered

Long for 60 pips at 1.38592. Will post chart later.

same here chicky. you looking to take profit around 3900 correct? same here.
Have I got something on my face, SOLDIER?
  • #262
  • Oct 31, 2011 5:49pm Oct 31, 2011 5:49pm
Quoting bumapatria
same here chicky. you looking to take profit around 3900 correct? same here.
entry @ 1.38592 so 39192
Mohan
  • #263
  • Oct 31, 2011 11:30pm Oct 31, 2011 11:30pm
Quoting Chicky
Trade#16 - Entered

Long for 60 pips at 1.38592. Will post chart later.

Trade#16 - Running

I should post this chart, before Trade 16 hits its sl.
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The Thief of Wall Street
  • #264
  • Oct 31, 2011 11:36pm Oct 31, 2011 11:36pm
Quoting bumapatria
same here chicky. you looking to take profit around 3900 correct? same here.
I think it would be wiser to say that I am going to take loss around 1.3800
The Thief of Wall Street
  • #265
  • Nov 1, 2011 12:11am Nov 1, 2011 12:11am
Trade#16 - Concluded

SL got hit -1%
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The Thief of Wall Street
  • #266
  • Nov 1, 2011 12:16am Nov 1, 2011 12:16am
Trade#17 - Entered

Long for 85 pips.
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The Thief of Wall Street
  • #267
  • Nov 1, 2011 2:28am Nov 1, 2011 2:28am
Quoting Chicky
Trade#17 - Entered

Long for 85 pips.
last 3 trade you took too fast
Mohan
  • #268
  • Nov 1, 2011 2:42am Nov 1, 2011 2:42am
Quoting mohan76
last 3 trade you took too fast
Yes, but it doesn't matter. Three in a row is nothing. This system can absorb much more than that. I want to keep this thread moving and therefore executing smaller trades. This movement requires taking 400 to 500 pip trades, but we have set a pip limit of 250+spread for this demonstratiion. Here are two more long orders.
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The Thief of Wall Street
  • #269
  • Edited 10:08am Nov 1, 2011 3:19am | Edited 10:08am
Quoting Chicky
Yes, but it doesn't matter. Three in a row is nothing. This system can absorb much more than that. I want to keep this thread moving and therefore executing smaller trades. This movement requires taking 400 to 500 pip trades, but we have set a pip limit of 250+spread for this demonstratiion. Here are two more long orders.
i like your trading style very much , but i feel 2% per month return little low , need fine tune to give 5 % return at least (20% is nice)
Mohan
  • #270
  • Nov 1, 2011 9:36pm Nov 1, 2011 9:36pm
Trade 17 - Concluded

SL got hit - 1%


Trade 18 - Entered

Long for 60 pips
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The Thief of Wall Street
  • #271
  • Edited 10:45pm Nov 1, 2011 9:46pm | Edited 10:45pm
Quoting mohan76
i like your trading style very much , but i feel 2% per month return little low , need fine tune to give 5 % return at least (20% is nice)
Mohan, thanks for your nice comment on my trading style.

The return is in fact about 1% so far. Its not temporal but based on 100 trades. I tried many different percentages, but 1% works the best. Increased percentage would mean less trades, more screen time and much stress. Great satisfaction if I am right more than 50% of the time in a block of 100 trades. Less than 60:40 is very rare. I can enjoy a glass of merlot while trading and feel no need of another before going to bed.

What man needs to be happy, a violin, a chair and bowl of fruit.
The Thief of Wall Street
  • #272
  • Nov 1, 2011 11:18pm Nov 1, 2011 11:18pm
Quoting Chicky
Mohan, thanks for your nice comment on my trading style.

The return is in fact about 1% so far. Its not temporal but based on 100 trades. I tried many different percentages, but 1% works the best. Increased percentage would mean less trades, more screen time and much stress. Great satisfaction if I am right more than 50% of the time in a block of 100 trades. Less than 60:40 is very rare. I can enjoy a glass of merlot while trading and feel no need of another before going to bed.

What man needs to be happy, a violin, a chair and bowl of fruit....
Inserted Video
The Thief of Wall Street
  • #273
  • Nov 2, 2011 12:24am Nov 2, 2011 12:24am
Quoting Chicky
The return is in fact about 1% so far.
.
Chicky,

1% per trade is fine with me , but average monthly at least should 5% (net 5 success full trade per month)
Mohan
  • #274
  • Nov 2, 2011 1:52am Nov 2, 2011 1:52am
Quoting mohan76
Chicky,

1% per trade is fine with me , but average monthly at least should 5% (net 5 success full trade per month)
If one is able to execute 100 trades a month, it should be 20% a month. I tried last year, it requires a lot of screen time. I am not a professional trader and therefore cannot afford the time it requires. Don't know from where I got this idea that even the best professional traders average 30% to 35% a year. It all boils down to number of opportunities one gets in a certain time-period.

...... and this shit again missed tp by 3 or 4 pips.
The Thief of Wall Street
  • #275
  • Edited 3:15am Nov 2, 2011 2:24am | Edited 3:15am
Quoting Chicky
If one is able to execute 100 trades a month, it should be 20% a month. I tried last year, it requires a lot of screen time. I am not a professional trader and therefore cannot afford the time it requires. Don't know from where I got this idea that even the best professional traders average 30% to 35% a year. It all boils down to number of opportunities one gets in a certain time-period.

...... and this shit again missed tp by 3 or 4 pips.
i was scalper (naked 1m chart , no knowledge anything else ) last year during this time and making -10% to 20% (monthly avg 100% ) return daily (of cause over leveraged and stress ) , later i tried to change my self to long term trader (start of loosing), now i lost scalping skill strategy not paying that well , still looking for good stress free good paying trading strategy , your trading style is stress free, but not enough return
Mohan
  • #276
  • Nov 2, 2011 2:47am Nov 2, 2011 2:47am
Quoting Chicky
Trade 17 - Concluded

SL got hit - 1%


Trade 18 - Entered

Long for 60 pips
Trade 18 - Concluded


TP hit. 1%
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The Thief of Wall Street
  • #277
  • Nov 2, 2011 8:28pm Nov 2, 2011 8:28pm
Quoting Chicky
Trade 18 - Concluded


TP hit. 1%
Trade#19 - Entered

Long for 60 pips
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #278
  • Nov 2, 2011 8:56pm Nov 2, 2011 8:56pm
Quoting Chicky
Trade#19 - Entered

Long for 60 pips
same here. chicky question, not regarding the acount size, but couldnt this be able to be applied to all different amounts of capital? just different lot allocations correct?
Have I got something on my face, SOLDIER?
  • #279
  • Nov 2, 2011 11:51pm Nov 2, 2011 11:51pm
Quoting bumapatria
same here. chicky question, not regarding the acount size, but couldnt this be able to be applied to all different amounts of capital? just different lot allocations correct?
1. Yes. One has to calculate 1% of the ACCOUNT BALANCE JUST PRIOR to taking the trade. I consider calculation based on account balance "Just prior to taking the trade" very very important. For example if one starts with $1,000 and the account balance decreases to let's say $717, the trade size would be $7.17. One can set steps, that is, if account balance is bewteen $1,000 to $900 = trade size would be $10.00, if account balance is between $1,000 to $1,100 = trade size would be 11.00, etc.

2. What I have showed so far is the basic version of this method. One can also carry a number of trades at the same time using this same method. My favorite is to carry many trades entered at different levels but for different number of pips, each trade is for 1% profit or 1% loss. One thing which I take care of using this little bit advanced method is to carry equal number of long and short trades. If all or majority of such trades are in one direction, you are exposed to risk greater than 1%.
The Thief of Wall Street
  • #280
  • Nov 3, 2011 8:32pm Nov 3, 2011 8:32pm
Quoting Chicky
Trade#19 - Entered

Long for 60 pips
Trade#19 - Concluded

TP hit. 1%
Attached Image (click to enlarge)
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The Thief of Wall Street
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