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The REAL Traders Video Journal, 3-5% per month as a US trader

  • #461
  • Aug 30, 2017 11:25am Aug 30, 2017 11:25am
Quoting Don96
{quote} interesting that you have 19 winners and only 5% return... i haven't read back on posts so i may have missed something, but if it has that consistency why not just risk 1%?

This is why Post #394

I'm only Trading this with £2k with 50-1 Leverage

In the post above I was Trading with only £1k and 50-1 Leverage which was over exposing me big time.
  • #462
  • Aug 30, 2017 11:27am Aug 30, 2017 11:27am
Quoting Don96
{quote} sorry, like i said i only saw the post and i didnt have time to check back, still 0.25% return for 50 pips is very small in my opinion. unless its an extremely large account... as in ,000,000... that % return could comfortably be 4x greater

Have you checked the Method of Trading we are doing with Ryan?
  • #463
  • Aug 30, 2017 11:31am Aug 30, 2017 11:31am
Quoting stevepatt
{quote} This is why Post #394 I'm only Trading this with £2k with 50-1 Leverage In the post above I was Trading with only £1k and 50-1 Leverage which was over exposing me big time.
sorry buddy that was my laziness, i saw your post on the homepage and i was intrigued... i see now why you risk what you do
  • #464
  • Edited 1:04pm Aug 30, 2017 11:33am | Edited 1:04pm
Quoting Don96
{quote} sorry, like i said i only saw the post and i didnt have time to check back, still 0.25% return for 50 pips is very small in my opinion. unless its an extremely large account... as in ,000,000... that % return could comfortably be 4x greater
This is the big problem and one of the worries I have with people using my system. They think it can be scaled up or pushed harder. Yes, it can be scaled but is this a smart thing to do? No, never! I always prepare for the worst that can come and that's why I use the risk I do.

Just because I receive no more than 2% DD this week DOES NOT mean I will only receive 2% next week. This is one of the big misconceptions in trading. Good trading is about protecting your account from large loss. It's not about how much profit can be made.
  • #465
  • Aug 30, 2017 11:33am Aug 30, 2017 11:33am
Quoting Don96
{quote} sorry buddy that was my laziness, i saw your post on the homepage and i was intrigued... i see now why you risk what you do
No worries
  • #466
  • Aug 30, 2017 11:40am Aug 30, 2017 11:40am
GBP/CAD M30 Short Trade

There's been a strong Bullish move up; Price should take a breather as early Buyers start thinking about Profit.
Attached Image (click to enlarge)
Click to Enlarge Name: 30th Aug 17 GBP:CAD M30 Short Trade.png Size: 155 KB
  • #467
  • Aug 30, 2017 1:27pm Aug 30, 2017 1:27pm
Quoting faatkumo
All for one, one for all! {image}
8/22 to 8/30
7 Trades
Played with my emotions a little, if anyone has suggestions on how to deal with this aspect of trading please let me know.
But none the less, hit the eventual target.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP.jpg Size: 240 KB
  • #468
  • Edited 2:22pm Aug 30, 2017 1:41pm | Edited 2:22pm
Quoting faatkumo
{quote} 8/22 to 8/30 7 Trades Played with my emotions a little, if anyone has suggestions on how to deal with this aspect of trading please let me know. But none the less, hit the eventual target. {image}
Emotions come with any system when you...

1. Are new to the system or strategy
2. Are using too much risk on each trade
3. Do not trust the system/strategy yet


Emotions are not easy to deal with but usually they are kept out of the way when risk is turned down. Just another reason I use the risk I do on each trade.
  • #469
  • Aug 30, 2017 1:43pm Aug 30, 2017 1:43pm
Quoting faatkumo
{quote} 8/22 to 8/30 7 Trades Played with my emotions a little, if anyone has suggestions on how to deal with this aspect of trading please let me know. But none the less, hit the eventual target. {image}
Also, I'm not sure you took 50 pips on that trade basket. Usually I try to stay in the 30-60 pips total basket value on my trades. This looks like you went for quite a bit more....
  • #470
  • Aug 30, 2017 1:51pm Aug 30, 2017 1:51pm
Bombs away
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.jpg Size: 199 KB
  • #471
  • Aug 30, 2017 1:54pm Aug 30, 2017 1:54pm
Quoting Cubbybgood
{quote} Also, I'm not sure you took 50 pips on that trade basket. Usually I try to stay in the 30-60 pips total basket value on my trades. This looks like you went for quite a bit more....


This is my issue, i'm using this excel file to give me TP when a new grid level is entered, and then i manually update the TP.

I still can't seem to confirm the Net +50pip.
Can you suggest the way?
Attached File(s)
File Type: xlsx GRID TRADING (2).xlsx   66 KB | 219 downloads
  • #472
  • Aug 30, 2017 2:04pm Aug 30, 2017 2:04pm
Quoting faatkumo
{quote} This is my issue, i'm using this excel file to give me TP when a new grid level is entered, and then i manually update the TP. I still can't seem to confirm the Net +50pip. Can you suggest the way? {file}
I believe a solution was brought up before...

I use something like this. A Close All EA. You can find one like the one I use on mql5.com. You can find more free EA's like this on mql5 and other sites. Good luck.

https://www.mql5.com/en/market/produ...76#description
  • #473
  • Aug 30, 2017 2:07pm Aug 30, 2017 2:07pm
Quoting Cubbybgood
{quote} I believe a solution was brought up before... I use something like this. A Close All EA. You can find one like the one I use on mql5.com. You can find more free EA's like this on mql5 and other sites. Good luck. https://www.mql5.com/en/market/produ...76#description
Thanks man, will take a shot at it.
  • #474
  • Aug 30, 2017 3:16pm Aug 30, 2017 3:16pm
Quoting Cubbybgood
{quote} This is the big problem and one of the worries I have with people using my system. They think it can be scaled up or pushed harder. Yes, it can be scaled but is this a smart thing to do? No, never! I always prepare for the worst that can come and that's why I use the risk I do. Just because I receive no more than 2% DD this week DOES NOT mean I will only receive 2% next week. This is one of the big misconceptions in trading. Good trading is about protecting your account from large loss. It's not about how much profit can be made.


could just copy paste to my journal, exactly my thoughts!!
there is always, always another trade!!
  • #475
  • Aug 30, 2017 6:24pm Aug 30, 2017 6:24pm
Quoting faatkumo
{quote} 8/22 to 8/30 7 Trades Played with my emotions a little, if anyone has suggestions on how to deal with this aspect of trading please let me know. But none the less, hit the eventual target. {image}
Hi, I am also dabbing with Ryans strategy. What I have found from little testing, is that I use 1 hr time frame, RMI 25,75 levels, It will ease your pschcology until you get comfortable or done more back testing. These settings put trades in later and not as often. But still very profittable
  • #476
  • Aug 30, 2017 11:35pm Aug 30, 2017 11:35pm
Quoting faatkumo
{quote} 8/22 to 8/30 7 Trades Played with my emotions a little, if anyone has suggestions on how to deal with this aspect of trading please let me know. But none the less, hit the eventual target. {image}
1. Don't put all your faith on a tiny Inside Bar and 1 squiggly line indicator, especially against the trend

2. Learn some price action

3. Cut the losses quickly, let the winners run (you got out at the worst possible place, look where price is now & how big profit you missed)

4. Forget the above, it worked for you, so all you learned was if you hang in long enough, you will be a winner!

It takes a lot for me to IGNORE you, but you can try.
  • #477
  • Aug 31, 2017 3:09am Aug 31, 2017 3:09am
Quoting stevepatt
GBP/CAD M30 Short Trade There's been a strong Bullish move up; Price should take a breather as early Buyers start thinking about Profit. {image}

GBP/CAD M30 Short Trade Result

+50 Pips Net

Return On Trade +0.28%

Cumulative Return +5.20%
Attached Image (click to enlarge)
Click to Enlarge Name: 31st Aug 17 GBP:CAD M30 Short Trade Result.png Size: 112 KB
  • #478
  • Aug 31, 2017 3:35am Aug 31, 2017 3:35am
Quoting Erebus
{quote} 1. Don't put all your faith on a tiny Inside Bar and 1 squiggly line indicator, especially against the trend 2. Learn some price action 3. Cut the losses quickly, let the winners run (you got out at the worst possible place, look where price is now & how big profit you missed) 4. Forget the above, it worked for you, so all you learned was if you hang in long enough, you will be a winner!
We all look the same price, and all see different things still...

But sure all points has made make sense. Most to you!
( respect you, sharing views only).

My modified 3rd Point:
Never look what you have missed, hindsight smart is easy.
Control your risk ( drawdowns), take your profit, and move on to the next trade.

My modified 4th Point:
No 2 similar trades, some work out like textbook, some not. You need to stick to your system that works for you, your risk tolerance, and your profit targets.
There is another trade, always, a too frequent system review can result an curve-fittd chaos.

PS.
Faatkumo....2 things
What cliffvitale wrote above being bit more choosy with indicator reading can help reduce entry numbers, ( might cost some good entries too)
RMI regularly tend to run to extremes like bellow 10 or over 90!!
Not doubt that entry 30-70 works, only highlighting that they might not be the highest probability from the selectable trades.

And secondly, while trying to run a whole basket of entries, after too many positions opened it isn't wrong to take some off from the later ones, that either you can open back but some profit secured and some exposure reduced. Perhaps best to think of it as a grid within the grid. Especially if you accept that your very first entry was a good probability trade to start with.

End of the month!
Think Ryan soon has a new video update for us
there is always, always another trade!!
  • #479
  • Aug 31, 2017 5:38am Aug 31, 2017 5:38am
Quoting Erebus
{quote} 1. Don't put all your faith on a tiny Inside Bar and 1 squiggly line indicator, especially against the trend 2. Learn some price action 3. Cut the losses quickly, let the winners run (you got out at the worst possible place, look where price is now & how big profit you missed) 4. Forget the above, it worked for you, so all you learned was if you hang in long enough, you will be a winner!
Hi everyone!

Yes, I will have a big end of the month video update. All my trades are closed out.

August profit.

LMFX: 23.83% profit
OANDA accounts: 3.04% profit

Erebus,
I will have a longer response for you in my video update today so watch for that. Your response is a bit frustrating. Let me tell you why...

Prove me wrong! If what I'm doing doesn't work then show me. I've had 10 straight months of profit. Clearly, this isn't working lol.

The last time I lost was November 2016 using a completely different system/strategy. Since I've started using my counter-trend inside bar strategy, I have not had a losing month. My loss cutoff on my main OANDA accounts is now just 4-6% and is based on available margin. My max DD since I started trading the $125k account back in April is just 3.39%.

http://www.myfxbook.com/members/lilr...active/2115757
  • #480
  • Aug 31, 2017 5:53am Aug 31, 2017 5:53am
Quoting Cubbybgood
{quote} Hi everyone! Yes, I will have a big end of the month video update. All my trades are closed out. August profit. LMFX: 23.83% profit OANDA accounts: 3.04% profit Erebus, I will have a longer response for you in my video update today so watch for that. The thing that's a bit frustrating in your response is... Prove me wrong! If what I'm doing doesn't work then show me. I've had 10 straight months of profit. Clearly, this isn't working lol. The last time I lost was November 2016 using a completely different system/strategy. Since I've started...
Congratulations, way better than the EA I'm using

Hopefully, all readers can see that my comments were for the person that was uncomfortable trading the way he was trading, and in no way shape or form were they directed at you.

However, if by some chance you took it as that, I'm sorry, I don't understand it but there it is. If he is trading EXACTLY the trades that you do, then he has no problem and should not be posting those doubts that he has.

But I believe that you point out many times in the video, you didn't release all the details of the method, so he might be flying a bit blind; that's all I was saying, be careful!

I've never said your method didn't work, so I have no need to prove anything

Good luck, and good trading
It takes a lot for me to IGNORE you, but you can try.
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