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My way to highway

  • #661
  • Mar 5, 2018 2:09pm Mar 5, 2018 2:09pm
hi PF, welcome back

I have found from backtesting that cross pairs are not as good as the major pairs when it comes to mean reversion trading. You also get lower spread and deeper liquidity for you and your clients.
  • #662
  • Mar 5, 2018 2:19pm Mar 5, 2018 2:19pm
Quoting alphadude
hi PF, welcome back I have found from backtesting that cross pairs are not as good as the major pairs when it comes to mean reversion trading. You also get lower spread and deeper liquidity for you and your clients.
hi alphadude,

that is all correct.
on the other hand must add that minor crosses tend to have a lot better daily range and thus if caught the right time they tend to be more profitable, ( even if the additional spread cost is factored), and often quicker for in and out too.
there is really no right or wrong, both majors and minors can work out very well, or catch one badly.

the only thing that due different brokers different spread i stopped trading exotics, though had a few i liked. nowadays even rarely do on my personal account. that maybe i should reconsider, as stat says USDMXN is one of my best performing pair, especially when volume is considered too.
incidentally the stat currently shows EURCAD as worst performing, most probably a big part due the recent drawdown losses. the best performing all time being GBPCAD.
interesting stat, really
there is always, always another trade!!
  • #663
  • Mar 7, 2018 7:58am Mar 7, 2018 7:58am
Quoting RondaRousey
Mate, your avg losses are 10x , 20x, 30x your avg gains. You are running uphill to maintain a high win rate for your strategy to work. This grinding small pips is a waste of time IMHO. Hey if noobs are giving you money to trade then they must be backing a winner. Favorites always win?
What about are you talking? Look at his tradegraph. Almost 1 year with over 35% profit. But, yes last two days he had loss. But with this loss is massivly profitable. If your strategy is better let's show us.
  • #664
  • Mar 7, 2018 8:23am Mar 7, 2018 8:23am
Quoting RondaRousey
Mate, your avg losses are 10x , 20x, 30x your avg gains. You are running uphill to maintain a high win rate for your strategy to work. This grinding small pips is a waste of time IMHO. Hey if noobs are giving you money to trade then they must be backing a winner. Favorites always win?
Just looking at RondaRousey's previous posts, you can tell he is some sort of troll. He loves bashing other people and calling others noobs. Regardless of whether he can actually trade or not, I simply do not understand why one would have to bash another when we are all here to accomplish the same goal. Everyone can trade differently. Let them be. You don't have to "correct" others all the time to prove you are the best trader.
  • #665
  • Mar 7, 2018 8:45am Mar 7, 2018 8:45am
Quoting RondaRousey
Mate, your avg losses are 10x , 20x, 30x your avg gains. You are running uphill to maintain a high win rate for your strategy to work. This grinding small pips is a waste of time IMHO. Hey if noobs are giving you money to trade then they must be backing a winner. Favorites always win?
i am sure you got it. the picture can tell all. bad me, right now in a drawdown, and the year's performance is down to 110%...quickly, where is the sign: "kick me"?
promise that as soon as you show a longer and better live track record of yours, i will gladly become your student.

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"Hey if noobs are giving you money to trade then they must be backing a winner.
Favorites always win?"

sorry, this part of your comment i dont understand, feel free to elaborate...
but as a second thought, i think both you and me are better of if you dont bother.
it is pretty clear you never cared to read this journal in the past, and i dont think it is any reason you should start to get too concerned about it now.

happy trading!
there is always, always another trade!!
  • #666
  • Mar 7, 2018 9:42am Mar 7, 2018 9:42am
Good luck PF. There are a few idiots around but there are hundreds of us who want to see you succeed the way you always have... So dont bother about negative comments and keep your spirits up. Remember that you are courage to hundreds here....
  • #667
  • Mar 7, 2018 10:21am Mar 7, 2018 10:21am
Quoting harupit
Good luck PF. There are a few idiots around but there are hundreds of us who want to see you succeed the way you always have... So dont bother about negative comments and keep your spirits up. Remember that you are courage to hundreds here....
thanks, that is very kind to say.
for the same note, a reason why i dont hide the bad, or the good. it is all a journey, and never thought of it as a pleasure walk. it is hard work to maintain the results, but i dont feel in the moment that is an impossible task. some trip overs, some alternative routes, but for one, i feel that i am -still- keep heading to the right direction.

happy trading!
there is always, always another trade!!
  • #668
  • Mar 7, 2018 11:06am Mar 7, 2018 11:06am
Quoting profitfarmer
{quote} thanks, that is very kind to say. for the same note, a reason why i dont hide the bad, or the good. it is all a journey, and never thought of it as a pleasure walk. it is hard work to maintain the results, but i dont feel in the moment that is an impossible task. some trip overs, some alternative routes, but for one, i feel that i am -still- keep heading to the right direction. happy trading!
hi

good result, how big is yours target?
[email protected] om
  • #669
  • Mar 7, 2018 11:58am Mar 7, 2018 11:58am
Quoting Profess
{quote} hi good result, how big is yours target?
there is no target, other than support my and my family's relative simple lifestyle + live some extra for "retirement"
any four digit number can do that starts with 3 or larger...
there is always, always another trade!!
  • #670
  • Mar 7, 2018 12:50pm Mar 7, 2018 12:50pm
Quoting scalper16
{quote} sametime this's thread help you sir more improving your trading style...... no demand candle setup awards point https://forums.babypips.com/t/5m-tf-...ategy/65776/53 thank you regards scalper16
um, sorry to say, but that is a dead thread you linked with about zero supporting facts that the charts were ever traded "live"; not really relevant to trading for living.
(not that i am really looking for a new strategy, anyway)
i am open to discuss many things on this thread, but just not really see how that strategy connects here.
there is always, always another trade!!
  • #671
  • Mar 7, 2018 12:55pm Mar 7, 2018 12:55pm
Quoting profitfarmer
{quote} um, sorry to say, but that is a dead thread you linked with about zero supporting facts that the charts were ever traded "live"; not really relevant to trading for living. (not that i am really looking for a new strategy, anyway) i am open to discuss many things on this thread, but just not really see how that strategy connects here.

post remove sorry for the inconvenience




regards

scalper16
  • #672
  • Mar 7, 2018 3:05pm Mar 7, 2018 3:05pm
Hey stranger,

long time no no speak and I hope you had a great break.

Ok so you are in a bit of drawdown, you’ll pull yourself back from it I’m sure - a bit of a blip but as the account moves past previous equity highs (and I’m sure it will) it’ll be just be healthy pullback within a longer term uptrend.
  • #673
  • Mar 7, 2018 4:44pm Mar 7, 2018 4:44pm
Quoting RondaRousey
{quote} Actually your journal is one of the few that I look at. So you had a 20% drawdown. I see your drawdowns are getting larger and larger according to your chart. This should be raising alarm bells. You cannot say "oh I am still up 110%" because your next drawdown could be 80%. Drawdowns affect your confidence and you start doubting your trading ability. Since you grind small pips it will take you longer and longer to recover from larger drawdowns. The thing I don't like about your trading strategy is that your avg losses are greater than 10...
Not sure, by feels looking and reading doesn't equal your case
The drawdowns aren't getting larger, I think there are probably a few dozens of references to equity SL in the journal.
It has a cap, at -10%. No single instance of losing day went above that.
Drawdowns do effect the confidence, nothing new about that, as well as there is plenty reference on the relation between drawdown and recovery spread across the journal.

Doubting my trading would be lot more pronounced I guess if I would listen to anyone or everyone doubting me. You sure not the first or the last who does.
There is no perfect trading, and once again, if you would ever go beyond looking and start to read this journal too, you could not point a single post out where I would refer to my trading as perfect...
With the good and bad, trading is as is, and since I am participating some prop fund allocations, I can't much change things, as it would be style drift, that is a no-no, really.
Will the things "fall apart" time will tell. Having some drawdown while isn't great, it is not unheard off, nor the end of the world as we know just yet.
Turn a little, and you may see that all losing days were cut before -10%, every single one. Not every trader is able or disciplined to keep to their trading plan for a year ( some can't even for few weeks).

There was a kind request, show something better, so, can convert to follow you. I don't feel ashamed to learn something superior. By of course, I am not holding my breath for now.
When it comes to subscribers, it isn't up to me who is interested or not what they read here.
I do answer to everyone, here or private, if they write.
Even if the "feedback" or the style isn't to my liking. As you see...
And finally, if ever wonder to my profile page: I don't use "IGNORE".

Happy trading!

PS.
Now that you shared your opinion, and probably not much left to say, my suggestion, sit back, enjoy the things to come. If you see that I blow thru the account, you are invited to say " you see I told you so".
Apart from that, in the meantime, I wont need reminder about self or (yourself) doubting me, I think I am level enough to deal with my own emotions. I have not much else to add to you.
there is always, always another trade!!
  • #674
  • Mar 7, 2018 4:51pm Mar 7, 2018 4:51pm
Quoting FXClarity
Hey stranger, long time no no speak and I hope you had a great break. Ok so you are in a bit of drawdown, you’ll pull yourself back from it I’m sure - a bit of a blip but as the account moves past previous equity highs (and I’m sure it will) it’ll be just be healthy pullback within a longer term uptrend.
Hi,
Will see going forward, this week it is taking easier, on some reduced risk, and finding out where the prop things standing ( different risk profiles), next week likely getting back gradually to the usual risk.
It is some work ahead now for sure, but I am not really under pressure that I need to recover all loss within days or few weeks....my timeline is about end of April, maybe little longer.
The visible TE account is not all my money, and in fact I am not down for the year, contrary to what is visible on this particular account
there is always, always another trade!!
  • #675
  • Mar 7, 2018 9:47pm Mar 7, 2018 9:47pm
Inserted Video
Maadik Hugiis. IQ 69.
  • #676
  • Mar 8, 2018 4:48pm Mar 8, 2018 4:48pm
Quoting profitfarmer
{quote} Hi, Will see going forward, this week it is taking easier, on some reduced risk, and finding out where the prop things standing ( different risk profiles), next week likely getting back gradually to the usual risk. It is some work ahead now for sure, but I am not really under pressure that I need to recover all loss within days or few weeks....my timeline is about end of April, maybe little longer. The visible TE account is not all my money, and in fact I am not down for the year, contrary to what is visible on this particular account ...
Okay’ you are in the shit a bit. You’ll bring it back man. I know you will, you just came back from a long break and overcooked it a little. I’be been at this game for a good few years and you are one of the very few that I’d back.

You got this.
  • #677
  • Mar 9, 2018 11:12am Mar 9, 2018 11:12am
a little update for the end of the week...

today NFP came and went without trading. actually the whole day. some maybe, or almost situation but nothing really i wanted to pull the trigger on.
this week was generally not suitable to my style, and as much as i wish to work on recovery, cant force trade that arent there.
thus the recovery effort is going slowly, part because this week trading was with a reduced risk, so, even the few good trades made less gains.
that said, the week has +0.4% gain, slow, but in the right direction

in the background, my personal account, while also on a reduced risk profile this week, clocked a little better gains (+2%), and technically between my accounts lifted my personal total for the month to approx BE.
there is always some extra pressure trading out from a hole, so, at least because of this that hole feels smaller, and the pressure somewhat less, in overall terms.

the system#2 EA working fine, for the moment still on demo, also had a DD encountered last week, though due its setting it was a moderate one, and right now just bellow its equity high again.
i feel that finally almost every issue is sorted out there, and it seems capable to run even full auto, the only right time ( and capital) missing to set it free on a live account.

all in all, the week isnt a bad one, even if not a great one, i feel mentally ready to start to set things back on normal risk, and continue some work to eliminate the current DD....myfxbook says the year is -10.92% in the red on the attached one. ( it also says the same year is +34.55% on the personal one, for comparison).

will see what the next week brings.
happy weekend!
there is always, always another trade!!
  • #678
  • Mar 9, 2018 11:31am Mar 9, 2018 11:31am
Quoting profitfarmer
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...
just for fun, rarely i make a swing call live ( as i mainly focus on scalping for the past months, and for reasons cant really mix the 2 styles).
not to repeat, the trade call was in the quoted post for those who cares.
i had marked up a chart ( for better viewing H1, not H4 or D4), with the approximate time of posting, the possible move against (final top) and the recent low that very nicely correspond to the target given.
the 3 days positive swap could serve as a bonus, it was pointed out.

for the record, i didnt trade it, for the reasons many times said. style drift that would be held against me. it was just for fun, that same approach that can work in scalping can have merit on other timeframes too.
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there is always, always another trade!!
  • #679
  • Mar 14, 2018 10:58am Mar 14, 2018 10:58am
middle of week...
would like to give some update about where things stand, but frankly, not much happening.

this week, just like the last, is not really suitable for my trading style.
it isnt that difficult to acknowledge it, i need wider directional moves, that in turn result in some decent pullbacks...something that lacks the past days by large.
the moves are slower, and directional.
most pairs does maybe half ADR or less before NY opens, traditionally a time when trading tend to be ripe for reversals.
now, the best may be to stay on the sidelines for me, most of the time.
the position sizes adjusted up a notch, toward the full size i used to trade, but because the conditions arent favorable, i am not rushing it, and still around 60-70% of the size i use normally.
with no trades on Monday, the week currently stand at +0.3%...not a major change, but a small step.
now the year is less than -10% in the red.
slowly, hitting small milestones, it can disappear. Or so i think. ( not only hope).

happy trading!
there is always, always another trade!!
  • #680
  • Mar 16, 2018 1:21pm Mar 16, 2018 1:21pm
end of the week.

Friday went down without trading in the end, probably for the better.
the market is far from ideal for me, and as tempting as for example EurAud looks to short ( or AudUsd long) looks like on M5, the move seem to confirm my suspicion and there is little to no pullbacks on the move up, the reversals are very shallow to scalp.
least for me.
so, half a march gone without really having supportive moves for my style. happens.

the week itself was subsequently slow too, with no trades at all on Monday and Friday, and few in between, there has not too much change on the recovery front.
it is rather a slow grinding in the moment.
a screenshot of myfxbook stat. all in there about the week.

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happy weekend!
there is always, always another trade!!
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