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Pitbull Trader with Position Building

  • Post #1
  • Quote
  • First Post: Edited 12:56pm Jan 3, 2012 12:10pm | Edited 12:56pm
Thanks Brijon and Graeme and J16
I have been trying to find the right style to will help me make the right trading decisions. One that will allow me to be in control and have the accuracy needed to become a profitable trader and trading like a business.

So as of now my journey begins.
I will detail my method and post screens shots and trading history logs.

My METHOD.

I'm always looking for ways to trade the forex like a business and also a way of keeping the positions growing.

But Most of all I am always looking for ways to control my losses or Draw Down on my account. I couldn't figure how why I have to take looses in the forex when the market is continous and moves UP, DOWN SIDE-WAYS. The Brijon Pitbull Indicator shows me how to take 100% profitable trades, based on timing, currency, Trend,Strength, volatility.
Graeme helps me understand how to build-positions and the best time to attempt.
Trading as a business, Sales, growth, Managing Draw Down.
So now I have a system that gives 100% accuracy on entries one any the currency and Business Management of Account.

And I can trade anytime of the day

So here we go.

God Bless
Quoting chips
Thanks Brijon and Graeme and J16
I have been trying to find the right style to will help me make the right trading decisions. One that will allow me to be in control and have the accuracy needed to become a profitable trader and trading like a business.

So as of now my journey begins.
I will detail my method and post screens shots and trading history logs.

My METHOD.

I'm always looking for ways to trade the forex like a business and also a way of keeping the positions growing.

But Most of all I am always looking for ways to control...
Looking in Mr chips
I am most grateful to Brijon and Grame.

Sucessful trading requires that you generate low-risk ideas and act upon them by Van Tharp.


For 2 years I being searching for system and I have found it.

PITBULL TRADER INDICATOR
This shows volatility, Currency strength, Entry timing, Trend, Exit, Ranging.

Buys:
AUD/USD
NZD/USD
EUR/GBP
EUR/USD
GBP/USD
Sells:
USD/JPY
NZD/JPY
EUR/JPY
GBP/JPY
AUD/JPY

The Basket of currency above gives a ranging hedge bal basically it shows the market inefficiency the bal is the Brokers charges, this can go into profit anytime if left running.
So I am in control, I decide when I to trade.

NO STOP-LOSS: I dont use stop loss, this is money going in the brokers pocket.
CHARTS - I only use charts when I'm looking to BE postiions that I think will go with the long-term trend or to reduce my Exposure

So my regular Business Operations is Simply
Sales, Stock Ratio Turn over ,Growth of Equity and Controlling My DD or Brokers Spread Or Other Peoples money.


Business Management Techniques.

Business Style. SALES, Equity GROWTH Stock Ratio Turnover DRAW DOWN MANAGEMENT


BUY IF IT’S UP AND SELL IF ITS DOWN

DD LIMIT IS 15% OF ACCOUNT BAL : TRADE ONLY THE CURRENCY ON THE BOTTOM LINE

1. liquidation of all positions if BASKET is profitable( positive )

2. Reducing Position or Exposure
a. Higher +ve Cancels Lower –ve

3. Stop Trading and wait for Trend to resume ( VOLATILE Period)

4. Ratio: of SELLS TO BUYS in the direction of the Trend
Trend : Grouping of Currency determines the Trend direction
More SELL positions To BUY
More BUY Positions To SELL

5. Trade according to account size. DO NOT OVERSTOCK

6. TAKE profits
Min 15 pips

7. Hedge the BIGGEST looser, this will freeze the loss whilel Winners gains

8. BUY AND Hold for + VE SWAP payments ( rolleover or carry trade Technique)
AUDUSD,

9. Trade on the FASTEST moving PAIR.

10. Breakeven Positions for long-term growth or recuding risk
Quoting chips
I am most grateful to Brijon and Grame.

Sucessful trading requires that you generate low-risk ideas and act upon them by Van Tharp.


For 2 years I being searching for system and I have found it.

PITBULL TRADER INDICATOR
This shows volatility, Currency strength, Entry timing, Trend, Exit, Ranging.

Buys:
AUD/USD
NZD/USD
EUR/GBP
EUR/USD
GBP/USD
Sells:
USD/JPY
NZD/JPY
EUR/JPY
GBP/JPY
AUD/JPY

[font=Arial]The...
Hi Chips,I was very interested in Brijon's pitbull trading but unfortunately couldn't understand his way of teaching.This was a great shame because I thought he really had something.....lets hope we can learn from yourself,many thanks Tedge
  • Post #5
  • Quote
  • Edited 4:43pm Jan 3, 2012 3:51pm | Edited 4:43pm
This is a demo account with my trading screen.
I am trading fastest moving currencies of NOW, I'll BE positions to reduce risk and bal my DD.

I have a hedge on also to reduce Highest loss( more like freezing a position that is loosing)
NOW I can take small profits that is greater than highest loss then close the hedge positions, So far the Broker gets nothing.

I'll take small profits on the fastest currency whenever I am the computer. Because the Hit rate is so Accurate when entering a position I'll just wait for Profit-Loss-Profit cycle and take profit.

I'M not mentioning interest EARNED FROM CARRY TRADES ON THESE CURRENCIES. THAT IS BONUS

The Charts and Candles formations are secondary me so I BUY IF Price is above the OPENING and SELL if it BELOW.
I'll BE the positions if I'm leaving, If its taken out good, if not good. I loose nothing and the broker gains nothing.

I figure if you manage your Business AND CONTROLL THE RISK YOU WILL NEVER RISK MORE THAT YOU ARE WILLING TO LOOSE
SO dont WORRY ABOUT THE JPY SPIKE..because your account positions sizing will take care of it.

THIS SYSTEM IS REALLY NOT FOR THE GUY WHO is starting out trading.
Attached Image (click to enlarge)
Click to Enlarge Name: pitbullindi.png Size: 234 KB
  • Post #6
  • Quote
  • Edited 5:13pm Jan 3, 2012 4:07pm | Edited 5:13pm
I wish Brijon could see the level of where I'm taking his knowledge with
my BE positions they just keep GROWing AND GROWing AND I am not around. Now the beauty is that it was a risk free entry like the others.
PITBULL Trader is my automatic market sync-ing system. It tells me when,what, Type of trade to make, how long to stay in it. It doesn't say how much, but a minimum of 1:2 R:R is good.

BUT that's the Business Management aspect.( Position Size and RISK)

NO need to SCAN all PAIRS it's all there in the numbers..


Within Trading...The goal is to Exploit the market by.. Managing DD or Managing the Business 99% of the time

i.e
1. Building multiple legs that will grow
2. Short term Sales, increase equity
3. Profit from Interest Rates Roller-over
4. Rapid STock Turnover when there is time, these are our fast selling items, know the best time to open shop

FOR NOW ...Pitbull tells me what currency is moving NOW so I trade it controlling my DD and increasing the equity.

I am now at place where I am humble and will appreciate the opportunity for giving and will seek to give to others with all my might and gratitude.
The world is complicated..BUT there are angels among us and they them-selves dont know.

Thanks Brijon, Graeme and J16
heres the cuurent trades. You will notice some -VE trades in the list.
It's just proof to show that even with mistakes and total liquidation of the positions that Rapid Sales Growth Equity to DD ratio will have positive effect on the account.

99% of trading is Controlling DD. or Managing the Business
Attached Image (click to enlarge)
Click to Enlarge Name: pitbullhistory.png Size: 251 KB
How about posting the indicator..
Hello chips.
I love this trading technique. And I hope to understand it better, with your explanation (I do not speak English).

One question: who is "ve" in: Higher +ve Cancels Lower –ve

THANKS
Quoting redhouse
How about posting the indicator..
Maximize wins, minimize loss, stay in the game as long as you can
I too followed Brijon's videos and found them very interesting but never did understand the methods of 'managing the drawdown'. I just heard it repeated time and time again.
Subscribing
Quoting Erebus
What's so funny? Guy said he had an indicator............

Edit. OK I get it. This guy talks gibberish too. Nevermind.
Quoting Erebus
Will follow this thread
Indicator attached
Attached File(s)
File Type: mq4 pitBullScript.mq4   2 KB | 3,055 downloads
Quoting redhouse
What's so funny? Guy said he had an indicator............

Edit. OK I get it. This guy talks gibberish too. Nevermind.
Sorry, sou are right, in Post #3 - should be changed to :

PITBULL TRADER METHOD

just my opinion

Maximize wins, minimize loss, stay in the game as long as you can
Quoting redhouse
How about posting the indicator..

I gave the Pitbill indicator along with the screens shot.

5 BUYS and 5 SELLS all .01 lots.
these are your display items in your store.

You should open DEMO account and let is run for a Week untouch and see the results. During High times and Low times.

IF you dont have items on display you cannot show the customers stuff that you can order in larger quantities for sale at profit.

It is Business Management Principles.
Quoting xfran
Hello chips.
I love this trading technique. And I hope to understand it better, with your explanation (I do not speak English).

One question: who is "ve" in: Higher +ve Cancels Lower –ve

THANKS
Higher +ve are Lower -ve : these are positions and there status.

Some are in Higher profits and and Lower Loss.

For example if you have two positions +$10 and -$6 =
When both are close you will have a NET $4 profit.

This is another way of Controlling DD and reducing position Exposure to the market.

I'm just working the numbers relative to my DD Max Limit.

DD can go up and Down ..."THE Rubber BAND EFFECT" according to Brijon
Quoting istvan
Will follow this thread
Indicator attached

I dont use a script or anything like that. I manually enter
5 X BUYS AND 5 X SELLS on the pairs listed.

That becomes the indicator. and it shows all that the market is doing. The numbers dont move if the marker is dead and the noticed when the market is volatile or busy.

Now click the profit col once and it will sort that winners and losers according to size.

Notice also that the indicator will go into LOSS PROFIT LOSS.

Take profit when in profit. YOU decide or trade. YOUR LOSS will not be realized unless you accept the loss and your fluctuating loss will be minor

Try it for a WEEK take no trades....I mean this is a business.

Thats the least anyone can do

Don to others as you would like them to do unto you and your family
Quoting xfran
Hello chips.
I love this trading technique. And I hope to understand it better, with your explanation (I do not speak English).

One question: who is "ve" in: Higher +ve Cancels Lower –ve

THANKS
no english, this explains for you

+ve is quick way to say POSITIVE

-ve is quick way to say NEGATIVE

Maximize wins, minimize loss, stay in the game as long as you can
  • Post #20
  • Quote
  • Edited 7:13pm Jan 3, 2012 7:02pm | Edited 7:13pm
I never meant for this thread to become a system...or listed in the system section.

I want this to be my journal...for anyone who wants to read it.
I dont really care if anyone dont want to read and dont get it.

I will talk to anyone..reason is Brijon and Graeme has given me...one thing and it is a reason to work hard and to find my independence in this world..to give.

They DONT know this as I try to read their thread and try to understand what's foing on in their head when they take so much time to give to others something that they could take to their grave

PURE AND SIMPLE.. There are creative ways of controlling DD
This is a mental things that is what my focus is on...NOT GIVE UP my Capital so easily.

So lets find the Exploits
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