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The Killing Floor

  • #201
  • Jul 6, 2018 12:44am Jul 6, 2018 12:44am
I killed it today. Technically two 'losses' which was only due to commission, positive pips, (0.1) and (0.2) but lost money due to commission. Both were set to BE trades after some drawdown and other entry made up for them.

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  • #202
  • Jul 6, 2018 1:37am Jul 6, 2018 1:37am
Quoting djhenry1981
I killed it today. Technically two 'losses' which was only due to commission, positive pips, (0.1) and (0.2) but lost money due to commission. Both were set to BE trades after some drawdown and other entry made up for them. {image}
Hi!

Thank you for your posting!
How many trades you took and on what pair?
EDIT: I saw you had a 30 trades with risk 9% for winning 1%?

SP
  • #203
  • Jul 6, 2018 2:16am Jul 6, 2018 2:16am
Quoting SuperPip
{quote} Hi! Thank you for your posting! How many trades you took and on what pair? EDIT: I saw you had a 30 trades with risk 9% for winning 1%? SP
How do you know what risk he took?
  • #204
  • Jul 6, 2018 2:44am Jul 6, 2018 2:44am
Quoting BlackNapkins
{quote} How do you know what risk he took?
Because he can read and use math
Stochastic and Heikin Ashi
  • #205
  • Jul 6, 2018 2:56am Jul 6, 2018 2:56am
When you look bigger time frame you will know , sometimes i choose stay away from market and relaxing my mind . I know that day no trade day for me , the best way find the trade flow movement.
  • #206
  • Jul 6, 2018 3:12am Jul 6, 2018 3:12am
Quoting SuperPip
{quote} Hi! Thank you for your posting! How many trades you took and on what pair? EDIT: I saw you had a 30 trades with risk 9% for winning 1%? SP
Risk was 0.03 lots per $100 or about 10% if the trade completely fails to 36 pips. Given the high win rate, a 10% risk isnt an issue for me. Remember 36 pips or 10% is worst case, S%*T hits the fan. EG. I enter and then minutes later it falls 36 pips.


My brain has been alive today trying to figure out how to stack properly when you're ahead. I've got a few ideas that i might code into a money management EA.
  • #207
  • Jul 6, 2018 3:32am Jul 6, 2018 3:32am
Quoting BudSpencer
{quote} Because he can read and use math
Wow, what a discovery! Very intelligent observation, really.
Enlighten me and show how you calculate risk taken based on Henry shown data, please
  • #208
  • Edited 4:13am Jul 6, 2018 3:49am | Edited 4:13am
Quoting BlackNapkins
{quote} Wow, what a discovery! Very intelligent observation, really. Enlighten me and show how you calculate risk taken based on Henry shown data, please
There were 30 trades, and the lot size total was 0.90 lots. So that equates to 0.03 lots on average per trade. 0.03 * 36 pips MAX = 10.8%

4 pips = 1.2% - spread & commission costs me about 0.7 pips. however, i managed to average 4.5 pips for my winners.

Remember it's 36 MAX. Absolute worse case per trade (excluding slippage)

So the whole OMFG you're risking 36 pips to make 4 isn't exactly true. I suggest re-reading and thinking hard about what Sis has written, I did 3 hours of driving today (during asia mind you) which gave me lots of think time.
  • #209
  • Jul 6, 2018 4:20am Jul 6, 2018 4:20am
Quoting djhenry1981
{quote} There were 30 trades, and the lot size total was 0.90 lots. So that equates to 0.03 lots on average per trade. 0.03 * 36 pips MAX = 10.8% Remember it's 36 MAX. Absolute worse case per trade (excluding slippage)
djhenry
only what I am trying to say is no one could calculate your risk on mentioned screen form myfxbook. Right?
But it was done anyway, before you showed your approach.
Did they take under consideration whole story about MAE/MFA analisys however they say can read and do the math?
  • #210
  • Jul 6, 2018 4:46am Jul 6, 2018 4:46am
Ah, hard to detect the sarcasm in your initial post after a few beers. LOL Whether they took into consideration the MAE/MFA, or money management strategies i deployed, well that's not possible.

I know they could calculate my worse case RRR. But, I couldn't give a toss whether they think it's 'risky' or whatever, math is math, yes there is a chance i'll cop a smack down, but it's all about risk mitigation IMHO.

Currently i'm crunching numbers and math to get it into my thick head, traditionally like many traders emotional trading has been my weakness, but i've followed this system to the rules today, and execution has been close to flawless. A couple of things I wonder, maybe Sis can assist.

Say you have a 1C-10 trade, and it goes against you say 10 pips, and then it it fires another signal, it is wise to take another trade? Statistically you'd think the next trade would have have the same chance of winning as the previous. Then a 2C 10/50 fires prior to TP of the second 1C-10, what I did today, i move all the TPs to that of the original 1C (albeit at BE), so basically we have two trades that will make profit and one a BE. The second trade the second 1C-10 signal might make 7 pips, and then the 2C would make 4 pips, and the first 1C just 1 pip, making a total of 12 pips, or averaged, 4 pips. However, when a 3C fires and all the TP's are extended is when your RRR really ramps up.

Am i on the right track here?

Whether they took into consideration the MAE/MFA, or money management strategies i deployed, well that's not possible.
  • #211
  • Jul 6, 2018 5:38am Jul 6, 2018 5:38am
Quoting Ivanyo
So yesterday was a learning day for me - news all over the place and I knew it (heck, I even posted here in the morning to warn people). Probably going to not trade on days there is news moving forward to be honest. {image} Also, cut your losses. Sitting on a trade >15 pips hoping that it will come back is fighting a losing battle. Important to keep your mindset relative when trading - it's not win or lose. It's win or learn - learn from your mistakes and move forward. Don't make the same mistakes again.
As you say, a mistake is only a mistake if you don't learn from it.
  • #212
  • Jul 6, 2018 7:13am Jul 6, 2018 7:13am
Quoting djhenry1981
{quote} 0.03 * 36 pips MAX = 10.8% 4 pips = 1.2% - spread & commission costs me about 0.7 pips.
Thanks for the explanation!
I'm interested to know what pairs and what trading session are you using? EU and UJ only?

SP
  • #213
  • Edited 6:19pm Jul 6, 2018 7:58am | Edited 6:19pm
This is a recurring pattern with op, to always open a thread and claiming to be on something big and couple months later to open a new one and be on something completely different. It’s fineto post those stats and all but why not posting a live trade explorer or a myfxbook ?
It sounds good to say 90% of the time price will do this or that in theory but how about some real proof for once uh sisyphus ?
ivanyo is the only one in this thread that has the Balls to do so at the moment, comon
  • #214
  • Jul 6, 2018 8:09am Jul 6, 2018 8:09am
Quoting metta87
This is a recurring pattern with op, to always open a thread and claiming to be on something big and couple months later to open a new one and be on something completely different. It’s fineto post those stats and all but why not posting a live trade explorer or a myfxbook ? It sounds good to say 90% of the time price will do this or that in theory but how about some real proof for once uh sisyphus ? ivanyo is the only one in this thread doing so at the moment, comon
did you even read the thread..........

You have sis on your ignore list ......... the stats are easy to find
Live today like theres no tomorrow-- Prioritize like you will die today
  • #215
  • Jul 6, 2018 8:25am Jul 6, 2018 8:25am
Quoting metta87
This is a recurring pattern with op, to always open a thread and claiming to be on something big and couple months later to open a new one and be on something completely different. It’s fineto post those stats and all but why not posting a live trade explorer or a myfxbook ? It sounds good to say 90% of the time price will do this or that in theory but how about some real proof for once uh sisyphus ? ivanyo is the only one in this thread doing so at the moment, comon
WHat is not published does not egsist... yeah?
  • #216
  • Edited Jul 7, 2018 2:04am Jul 6, 2018 8:56am | Edited Jul 7, 2018 2:04am
Quoting iamsovereign
{quote} did you even read the thread.......... You have sis on your ignore list ......... the stats are easy to find
Did you even read my post ?
Stats are good only in theory, how about seing them work in actual fact ?
why be afraid of a trade explorer ?
sys does have one but it’s dead since 2016
  • #217
  • Jul 6, 2018 8:57am Jul 6, 2018 8:57am
Quoting metta87
This is a recurring pattern with op, to always open a thread and claiming to be on something big and couple months later to open a new one and be on something completely different. It’s fineto post those stats and all but why not posting a live trade explorer or a myfxbook ? It sounds good to say 90% of the time price will do this or that in theory but how about some real proof for once uh sisyphus ? ivanyo is the only one in this thread doing so at the moment, comon
I could send you a check each week giving you a cut of the profit I make and it still wouldn't be enough proof for a bum like yourself who sits like a baby bird waiting for people to vomit success into his mouth...
  • #218
  • Jul 6, 2018 9:02am Jul 6, 2018 9:02am
Quoting metta87
{quote} Did you even read my post ? Stats are good only in theory, how about seing them work in actual fact ? why be afraid of a trade explorer ? sys has one but it’s dead since 2016

there is a difference between stats and theory. you figure it out..........

sorry you lost money today......... you should find a better way to take out your losses.

regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #219
  • Edited Jul 7, 2018 2:09am Jul 6, 2018 9:08am | Edited Jul 7, 2018 2:09am
Quoting Sis.yphus
{quote} I could send you a check each week giving you a cut of the profit I make and it still wouldn't be enough proof for a bum like yourself who sits like a baby bird waiting for people to vomit success into his mouth...
Typical comeback of a real losing trader
Why be so scared of a trade explorer mister stats...
you talk big with all those stats but still cant back up yr shit even with a demo(lol)
#putupthatdamnexplorer#
  • #220
  • Jul 6, 2018 9:14am Jul 6, 2018 9:14am
Quoting metta87
{quote} Typical comeback of a real losing trader Why be so scared of a trade explorer mister stats...unless it’s just bullshit
You logic is so childish it's hilarious!

"Daddy won't give me what I want... Therefore daddy doesn't have what I want because I always get what I want!"
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Grow up you fucking baby...
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