100 Trades Analysis

current experiment vs current strategy = double profit?

you are profitable more often than not... consistently... i see no reason why not

double the pleasure, double the fun..

If you are testing out strategies, i have few tips for you (mind the grammar you english teacher wannabes..i just typed this out of my head! no editing)

1. try to avoid adding similar indicators and thinking playing around with settings is going to help. Adding MACD with moving averages or using RSI with william % range and stochs are not going to give you any different results. You may see different outcome if you play with settings enough, but you're not testing to get value out of it.

2. come up with a concepts not strategies. I think people are really good at coming up with different permutations of strategies in their heads. They may have a moving average strategy, another one with MACD, anohter one with heiken ashi. Well guess what, these are all the same damn thing! You are basically trading variations of momentum concept. This goes back to point #1, changing these settings of similar indicators is not going to give you better results. The way to test is to come up with significantly DIFFERENT concept of trading to test. So the aim is you have multiple concepts of trading to test rather than just the same shit with insignificant variances

3. try to avoid too many subjective parts in your trading. Meaning, if you can make it as mechanical as you can, then that's better. You can't test subjective rules. At least, if you are starting out. This is an issue for those noobs who are getting into S/R or trendlines or patterns (utilizing manual lines). When you have subjective parts in your strategy, you will mess up on execution down the line. Believe me, not all trading days are the same. Some days you are super detailed oriented and some days you may be off your game. So if you have subjective rules, you have variable outcomes depending on the day, and that's not good for your pnl down the road.

4. Once you narrow down on a strategy, you will then test out variances of it. Meaning, you will need to come up with scenarios of different market structure and how it would affect your strategy. If you have a trend following strategy, how do you determine a range market? or if you are trading around OB/OS, then what happens if you get caught in prolonged OB/OS conditions. each strategies needs at least 3-4 scenarios that you can hopefully still profit out of. that way you make your strategy more robust.

5. And finally, make sure you have a TP/SL rules in place. i'm in the use s/l bandwagon. If you don't believe in TPs or S/L, i can cofidently say that you are a damn noob. and don't make your s/l and tp so damn simple like 1:1 rr or some shit. Market is so dynamic and you need to be able to take advantage of big gains and at the same time you hav to have a s/l rule where you "risk" a bit more so that you stay away from the noise...

so that's it i think..
looks like we're done for the day. nothing but noise trading now

damn, taht went further than i thought

so far nothing worked. I was unsure of what to do at this white point at NY open. had scenarios playing in my head

1. price slowly drops to fill the range gap
2. price shoots up. but lack of price action up there, just spikes from NFP
3. price ends up where it is at=making a NY doji action (from US holiday)-

I got till next Tokyo to see some action..things may change leading up to that.

again stupid indecisions

up or down or maybe you want to fuck me sideways?

seeing a few speeches lined up. one of those have to be a breakout speech...

i need help...

and whats wrong with a pullback to here?

could be, but when i see long stretch of price action at those blue lines, just means to me taht's where the action is. in this case, i rather trdes towards it rather than at it. but my hope is that that we find a new level of range.

babypips.com

they don't teach the stuff i need help with

trial and error .com

or try

give up .com

or my favorite site

forexfactory.com.

It was clearly supply area but it's your miney

i have thought about giveup.com... seriously, i have, but can it really get any worse? im profitable on a system that needs about a 0.5 pip tweak and its profits are doubled... hmmm

now i knwo how you feel..

my stop/reverse triggered and went to my previous trade...

i need a fifa break..

this N.Korea chaos is f*eckin up all markets

yea..seems like market wants some of its money back from me. testing kind of fails already..given that i didn't make money every day from the loss yesterday. maybe it's make money every week?..lets see..

you're doing great , just keep up the good job

measuring performance on a weekly basis is better than on a daily basis imho , coz it's more stable and smooth

alright..just spent last few hours taking additional notes. Went back and did some more manual testing. Will reset testing TE and see how test#2 will do with the new notes. For reference, test #1 after 18 trades for comparison later.

for today..i see reversion towards 1900. maybe a false breakout first at news..