My way to highway | Page 33 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Make Money Trading Forex? This way, or the highway 29 replies

Hard Way, Easy Way 115 replies

2 Way VS 1 Way Analysis 9 replies

Highway Method 11 replies

Highway to Hell 60 replies

Attachments: My way to highway
Exit Attachments

My way to highway

  • #641
  • Mar 1, 2018 5:17am Mar 1, 2018 5:17am
Quoting alphadude
Hi PF, we have all being there. its part of business. you will feel better in a day or two. i had a 10% down on my first day of verbal diahrrea account on 12 Jan; and moved forward because i know it was pure business and the strategy lost even in backtest. it is a trading day like any other
correct, and it isnt my first dd neither. only it doesnt set my mood happy, but life sure is going on
there is always, always another trade!!
  • #642
  • Mar 1, 2018 9:36am Mar 1, 2018 9:36am
Quoting profitfarmer
today i feel little down, but that is temporary.
profitfarmer,

I am sure you will be able to overcome the drawdown. Just like what alphadude said, we've all been there. Every time you overcome a healthy drawdown (healthy as in not completely ruining your account), I believe you become a stronger trader with more experience. I hope you cheer up soon!
  • #643
  • Mar 1, 2018 10:26am Mar 1, 2018 10:26am
Quoting LetUsForex
{quote} profitfarmer, I am sure you will be able to overcome the drawdown. Just like what alphadude said, we've all been there. Every time you overcome a healthy drawdown (healthy as in not completely ruining your account), I believe you become a stronger trader with more experience. I hope you cheer up soon!
i am fine, the usual blue mood only, and more importantly the precaution distance from market to control emotional incline to do silly things.
yes, we been there, me included, so, in a way routine procedure. but routine doesnt make it any more plesent to do, though
with the month down -6.3%, i had worst. to be on track generally i am thinking in 1% a week about...where the 6 weeks came from.
usually when in a drawdown my focus tend to be sharper, idk why, just seem to be, but each time is different, so, to be seen how it goes this time.
there is always, always another trade!!
  • #644
  • Mar 2, 2018 10:26am Mar 2, 2018 10:26am
new day, and same result.

it wasnt revenge trading, but still ended up the same, an equity SL.
2 months, but in fact 2 consecutive trading days ( ignore the day break in between).
i feel down. i think it is normal.
some ppl had rely on me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick into me for the loss, even though the system rules were followed, and nothing out of system was done, include no revenge trading.
i want time. for myself.
to regroup my thoughts, to trade for myself, and to focus a bit on other things.
make no quick judgement anyone, things are still not gloom and doom for my trading.
i am still up on the journey, and capital preservation, as was always pointed out, is observed.
but as last said, i am human. maybe i am out of sync with current market, maybe not, maybe it fits my system still, maybe not...the point is, that trading, both size and activity will need to be reduced some until find the answers.

i find it important to also address the bad, not only the good things here.
this is why it is a journal!
hope all reading this understands the point, and read this as i think one should: a journal.

Attached Image (click to enlarge)
Click to Enlarge Name: myfx0302.png Size: 60 KB
there is always, always another trade!!
  • #645
  • Mar 2, 2018 11:32am Mar 2, 2018 11:32am
Quoting profitfarmer
new day, and same result. it wasnt revenge trading, but still ended up the same, an equity SL. 2 months, but in fact 2 consecutive trading days ( ignore the day break in between). i feel down. i think it is normal. some ppl had rely on me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick into me for the loss, even though the system rules were followed, and nothing out of system was done, include no revenge trading. i want time. for myself. to regroup my thoughts, to trade for myself, and to focus a bit on other things....
The market is very trending this week. It is bad for counter trend trades. I took a hit also this week. But trending markets only happen 20% of the time (that's the myth), so keep your head up and wait for the better days to come.
  • #646
  • Mar 2, 2018 6:09pm Mar 2, 2018 6:09pm
I don't know if I am in any position to give you any suggestions as I'm just starting up on my journey to consistency. But after looking at your last few trades which contributed to your DD I noticed that you let those positions run as far as -70pips and had multiple entries for EURCAD as many as 8 as opposed to the usual -10pips per position I'm wondering why you let EURCAD and GJ ran that far in the red ? Maybe it's a good place to start.

I also have adopted a method where I don't use physical SL but a mental one similar to yours I think this kind of trading can easily be swept up by changing conditions our misjudgment and ego. I personally have yet to come up with an efficient risk management plan for my method. For this type of trading I think knowing exactly when (if it breaches a certain level and the PA looks off for instance) to cut your losses even prior the 10% equity SL can limit the potential downside.
...
  • #647
  • Mar 2, 2018 9:33pm Mar 2, 2018 9:33pm
Quoting profitfarmer
new day, and same result. it wasnt revenge trading, but still ended up the same, an equity SL. 2 months, but in fact 2 consecutive trading days ( ignore the day break in between). i feel down. i think it is normal. some ppl had rely on me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick into me for the loss, even though the system rules were followed, and nothing out of system was done, include no revenge trading. i want time. for myself. to regroup my thoughts, to trade for myself, and to focus a bit on other things....
Shake that shit off, homes!

Sometimes you are the windshield...sometimes the bug!

Change nothing...you never got to where you are by switching with the market, you only got shaken by an exception...

We live our lives by rules...not exceptions!

Rock on, brother!!

Going to Cheers Early on your next 100%!

Go Man, GO!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #648
  • Mar 2, 2018 10:04pm Mar 2, 2018 10:04pm
Quoting Piquant
I don't know if I am in any position to give you any suggestions as I'm just starting up on my journey to consistency. But after looking at your last few trades which contributed to your DD I noticed that you let those positions run as far as -70pips and had multiple entries for EURCAD as many as 8 as opposed to the usual -10pips per position I'm wondering why you let EURCAD and GJ ran that far in the red ? Maybe it's a good place to start. I also have adopted a method where I don't use physical SL but a mental one similar to yours I think this...
If i am not mistaken, PF enter based on grids, so when the market is going in a straight line, it's bad for the system, but if it retraces 10-20 pips per swing, then PF can get out of the bad trades or even get profit. In the EURCAD trades, he could only get one batch out of the bad trades but the rest of the trades didnt even retrace at all or his setups didnt trigger because there was no retracement at all. Or RSI/MA didnt cross over.

Like i said, it's a trending week. Most of the scalpers will take a hit because scalpers are aiming for "bounces" of the market and not a trending one. That is why it's important to believe that the market will only trend 20% (this is when the scalpers lose, and need to control the losses/take a few days off etc). Get back the losses another day/week/month.
  • #649
  • Mar 2, 2018 10:05pm Mar 2, 2018 10:05pm
Quoting profitfarmer
new day, and same result. it wasnt revenge trading, but still ended up the same, an equity SL. 2 months, but in fact 2 consecutive trading days ( ignore the day break in between). i feel down. i think it is normal. some ppl had rely on me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick into me for the loss, even though the system rules were followed, and nothing out of system was done, include no revenge trading. i want time. for myself. to regroup my thoughts, to trade for myself, and to focus a bit on other things....
Well that sucks. I am sure the suicide kids will be on the march soon.

1. Did you follow your rules?
2. Did you correct trading errors immediately?

If you did both, those are normal losses and to be expected. Just know when your system is meant to take losses. If your system took normal losses then you will be fine.
If you are good at something, never do it for free--Joker
  • #650
  • Mar 2, 2018 10:23pm Mar 2, 2018 10:23pm
Quoting CrocodileRex
{quote} If i am not mistaken, PF enter based on grids, so when the market is going in a straight line, it's bad for the system, but if it retraces 10-20 pips per swing, then PF can get out of the bad trades or even get profit. In the EURCAD trades, he could only get one batch out of the bad trades but the rest of the trades didnt even retrace at all or his setups didnt trigger because there was no retracement at all. Or RSI/MA didnt cross over. Like i said, it's a trending week. Most of the scalpers will take a hit because scalpers are aiming for...
Gotcha!
...
  • #651
  • Edited 11:38pm Mar 2, 2018 10:23pm | Edited 11:38pm
Quoting profitfarmer
new day, and same result. it wasnt revenge trading, but still ended up the same, an equity SL. 2 months, but in fact 2 consecutive trading days ( ignore the day break in between). i feel down. i think it is normal. some ppl had rely on me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick into me for the loss, even though the system rules were followed, and nothing out of system was done, include no revenge trading. i want time. for myself. to regroup my thoughts, to trade for myself, and to focus a bit on other things....
Don't let it get you down. I went against my better judgement a few times.I became impatient after waiting two weeks for this move and got torn apart; many of us did. My calls were spot-on, my price-points were spot on, my timing for them was repeatedly terrible(early by about a couple hours each time) and I'm even slightly down on equity now. I wasn't revenge trading but I did put my sizing too big to maneuver once I screwed up my rythm. This is the game we play. There's always a new day.

Quoting CrocodileRex
{quote} If i am not mistaken, PF enter based on grids, so when the market is going in a straight line, it's bad for the system, but if it retraces 10-20 pips per swing, then PF can get out of the bad trades or even get profit. In the EURCAD trades, he could only get one batch out of the bad trades but the rest of the trades didnt even retrace at all or his setups didnt trigger because there was no retracement at all. Or RSI/MA didnt cross over. Like i said, it's a trending week. Most of the scalpers will take a hit because scalpers are aiming for...
The market only ranges 20% of the time... I don't even think it makes sense to say it only trends 20%. 80% of the profits come from 20% of the trades. Sunday open will tell us where we're going. With that information the scalpers will be able to make back today's losses. But I suspect we already know.
"The fun is in the hunt. Not the kill."
  • #652
  • Mar 2, 2018 10:43pm Mar 2, 2018 10:43pm
Quoting Piquant
I don't know if I am in any position to give you any suggestions as I'm just starting up on my journey to consistency. But after looking at your last few trades which contributed to your DD I noticed that you let those positions run as far as -70pips and had multiple entries for EURCAD as many as 8 as opposed to the usual -10pips per position I'm wondering why you let EURCAD and GJ ran that far in the red ? Maybe it's a good place to start. I also have adopted a method where I don't use physical SL but a mental one similar to yours I think this...
Um, let clarify this small 'misunderstanding' to you: there was never in any shape -10 pips involved on my thread.
The only -10 was standing for equity SL, that was kept, as in -10% equity SL.

Quoting CrocodileRex
{quote} If i am not mistaken, PF enter based on grids, so when the market is going in a straight line, it's bad for the system, but if it retraces 10-20 pips per swing, then PF can get out of the bad trades or even get profit. In the EURCAD trades, he could only get one batch out of the bad trades but the rest of the trades didnt even retrace at all or his setups didnt trigger because there was no retracement at all. Or RSI/MA didnt cross over. Like i said, it's a trending week. Most of the scalpers will take a hit because scalpers are aiming for...
Close enough summary. Actually more trades were off and on as I recall, but before the news on CAD also had to lighten things some, and indeed the retracements/swings were shallow to take me out.
Compare EC with GC, I think the chart there was kinder. But one can be as smart as ever after the facts.

Quoting Magix
{quote} Shake that shit off, homes! Sometimes you are the windshield...sometimes the bug! Change nothing...you never got to where you are by switching with the market, you only got shaken by an exception... We live our lives by rules...not exceptions! Rock on, brother!! Going to Cheers Early on your next 100%! Go Man, GO!
Hey Magic,
Thank you for cheering me up!
I wasn't know you are a reader!
Happy weekend!

Quoting jmn5611
{quote} Well that sucks. I am sure the suicide kids will be on the march soon. 1. Did you follow your rules? 2. Did you correct trading errors immediately? If you did both, those are normal losses and to be expected. Just know when your system is meant to take losses. If your system took normal losses then you will be fine.
I went over the trade (a few times) and always came to the conclusions:
1. It was a system trade
2. The system's rules were followed.

So, an unfortunate distribution of trading loss, but I don't see it is a rogue or revenge trade, or such. As a trade it was as valid as any on this journey.
there is always, always another trade!!
  • #653
  • Mar 2, 2018 10:56pm Mar 2, 2018 10:56pm
Quoting profitfarmer
Hey Magic, Thank you for cheering me up! I wasn't know you are a reader! Happy weekend!



Kick some ass next week, dude!

Do what you know how to do!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #654
  • Mar 2, 2018 10:58pm Mar 2, 2018 10:58pm
Quoting profitfarmer
{quote} Um, let clarify this small 'misunderstanding' to you: there was never in any shape -10 pips involved on my thread. The only -10 was standing for equity SL, that was kept, as in -10% equity SL.
By -10pips trades I meant the losers, I scrolled through your list of past trades and you usually close trades at -10pips or even less I've never seen it go beyond -10pips, yes I do know that you put a 10% equity SL maybe it was my writing that you misunderstood or maybe I'm completely off.

Like I said I'm not in a position to blab on about it all. But I'll be rooting for you recovery !
...
  • #655
  • Mar 2, 2018 10:59pm Mar 2, 2018 10:59pm
Quoting Redeflect
{quote} Don't let it get you down. I went against my better judgement a few times.I became impatient after waiting two weeks for this move and got torn apart; many of us did. My calls were spot-on, my price-points were spot on, my timing for them was repeatedly terrible(early by about a couple hours each time) and I'm even slightly down on equity now. I wasn't revenge trading but I did put my sizing too big to maneuver once I screwed up my rythm. This is the game we play. There's always a new day. {quote} The market only ranges 20%... Sunday open...
It was system trade as much as any could be, not much to do with impatience. Sometimes, usually later part of the day, certain system attributes can be safely dropped, or omitted, but this trade wasn't one of those. It was a 'normal', full criterion met one. Albeit without the preferred ending.

Quoting Piquant
{quote} By -10pips trades I meant the losers, I scrolled through your list of past trades and you usually close trades at -10pips or even less I've never seen it go beyond -10pips, yes I do know that you put a 10% equity SL maybe it was my writing that you misunderstood or maybe I'm completely off. Like I said I'm not in a position to blab on about it all. But I'll be rooting for you recovery !
That maybe an illusion, coming from the fact that 95% of the time I have winning days, and 90% of the days things are smooth sail?...
there is always, always another trade!!
  • #656
  • Mar 3, 2018 1:26am Mar 3, 2018 1:26am
Quoting profitfarmer
{quote} It was system trade as much as any could be, not much to do with impatience. Sometimes, usually later part of the day, certain system attributes can be safely dropped, or omitted, but this trade wasn't one of those. It was a 'normal', full criterion met one. Albeit without the preferred ending. {quote} That maybe an illusion, coming from the fact that 95% of the time I have winning days, and 90% of the days things are smooth sail?...
You are correct; it was. But this one was different. I got baited into thinking it was a normal move; I was anticipating it to be unusual until it started to behave especially normal. That's what threw me off. I started to think I was a day early.
"The fun is in the hunt. Not the kill."
  • #657
  • Mar 3, 2018 4:54am Mar 3, 2018 4:54am
Every day can't be profitable, you have so many sunny days, they will continue now, after few rain drops.
It wasn't train.
  • #658
  • Mar 3, 2018 5:33am Mar 3, 2018 5:33am
Every business experiences its setbacks. Good news is you’re still in business
  • #659
  • Mar 3, 2018 11:12am Mar 3, 2018 11:12am
Quoting rudy5
Every business experiences its setbacks. Good news is you’re still in business
of that one, staying ahead, i will be sure
as multiple times said, it is a journey, has ups and downs, and i am/was/will be always open that it is neither the only path for me, or the right/only time to do.

with a Beckett quote:
"Ever tried. Ever failed. No matter. Try again. Fail again. Fail better"

happy weekend!
there is always, always another trade!!
  • #660
  • Mar 5, 2018 2:02pm Mar 5, 2018 2:02pm
gradually getting back into trading my main account.
on gradually i mean in the moment i am using 1/3rd of the previous risk.
it seems to be a good idea to do.
then it doesnt, when the day is going smooth and even this tuned down risk earns +0.2%. suddenly reduced risk is a chance wasted to get a chunk of the drawdown back.
but trading isnt a race.
yet trading is a race.
inevitable, some drawdown will be always present, luring to hit. the task is to recover to new equity high before that happens.
the sure way to recover is to trade as usual, with the usual risk included.
if anyone tried horseback riding, probably familiar with the term that if one falls the best is the soonest to get back on the horse. the least emotional damage.
i had the luck to be an acceptable rider back approx 2 decades, and had my fair share of falling and getting back. for one, i subscribe to the emotional side why to do so.
trading isnt too different, in my mind.
but it is not only injury or pain...the emotions are different, and on top money is attached, that make it a whole different level.
in my case not only mine.
i am still in the progress to sort thru the damage the back-to-back drawdown caused. about halfway there to access all, right now it seems that by Wednesday evening i i may get the chance to talk to all the respective parties and summarize for myself where each and everyone stands.
it is important on the going forward.

since i am -afterall- trading for a living, in the meantime must focus on my other, personal account, sort of a damage control task. as february was largely a vacation month, expenses kept adding up, not expecting this sort of loss, purely based on history ( of course as in trading such was always thought about when drawn up worst case scenarios to myself, but that is different part).
so, personal account is doing ok, and get thru the drawdown well due its flexibility that it isnt bound by the exact same rules like the main or allocation accounts.
sure, some riskier moves, but extraordinary times call for some extraordinary measures.
to be sure, CAD is extreme weak, for a few days now, and EurCad may be heading another 100 pips higher...who can tell...but if anything, it was rising approx 1200 pips without too much of a pullback, and i would surely expect if not a turn, but some pause in it.
if one bother to look GJ chart recently, there is a lot of similarity on what i expect to see, only that GJ made that 200 pips turn already, and EC will likely do soon.
but dont take my thoughts for it, ( thus i dont post a chart for this), do your homework, see your levels, and decide. btw, just like GJ long was swap friendly, EC short also on the right side of that equation, always a plus.

hmm, lots of reading for those who care to read.
maybe i should post those long promised final photos from the beach(es) of the island i took my friends, should help to cheer up the mood some?

happy trading!
there is always, always another trade!!
0 traders viewing now