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Reverse The Trend My Friend

  • #41
  • Mar 13, 2007 12:21am Mar 13, 2007 12:21am
Would you post a chart showing the signals for your last open/closed cable trade?




Quoting mdcarlson144
My time frame is 4-hours and the only indicator I use is a custom dual-turbo CCI based indicator. With 6 bars down and my 21-day indicator under -100, that's a solid downtrend for this timeframe!
  • #42
  • Mar 14, 2007 1:16am Mar 14, 2007 1:16am
Quoting mdcarlson144
Went short the cable 5 lots @ 1.9316 w/o a stop loss order.
Covered short @ 1.9282 for a profit of 170 pips. Not feeling sure about the direction of the cable at this point even though the dollar is looking weak.

Pips earned YTD: 3255
  • #43
  • Mar 14, 2007 1:18am Mar 14, 2007 1:18am
Quoting eagle4x
Would you post a chart showing the signals for your last open/closed cable trade?
Just got out of my cable trade. But will post screen shot with indicators on next trade for eagle 4x.
  • #44
  • Mar 14, 2007 6:42pm Mar 14, 2007 6:42pm
Shorting the cable 3 lots @ 1.9381 w/o stop loss.

I am going shorting the cable because my two turbo indicators are at extreme divergence to my 21-day and 34-day CCI indicators. My 34-day indicator is still below -100. See attachment.

Attached File(s)
File Type: doc Doc1.doc   110 KB | 336 downloads
  • #45
  • Mar 20, 2007 8:20pm Mar 20, 2007 8:20pm
[quote=mdcarlson144;244339]Shorting the cable 3 lots @ 1.9381 w/o stop loss.

I am going shorting the cable because my two turbo indicators are at extreme divergence to my 21-day and 34-day CCI indicators. My 34-day indicator is still below -100. See attachment.

I am adding 3 more lots to my short position on the cable @ 1.9612 w/o a stop loss.
  • #46
  • Apr 15, 2007 10:50pm Apr 15, 2007 10:50pm
[quote=mdcarlson144;249573]
Quoting mdcarlson144
Shorting the cable 3 lots @ 1.9381 w/o stop loss.

I am going shorting the cable because my two turbo indicators are at extreme divergence to my 21-day and 34-day CCI indicators. My 34-day indicator is still below -100. See attachment.

I am adding 3 more lots to my short position on the cable @ 1.9612 w/o a stop loss.
I am adding 4 more lots to my short position on the cable @ 1.98.86 w/o a stop loss. This gives me a total of 10 lots in this trade which puts me at 20:1 the max I ever put on the line.
  • #47
  • Jun 8, 2007 3:49pm Jun 8, 2007 3:49pm
[quote=mdcarlson144;274160]
Quoting mdcarlson144

I am adding 4 more lots to my short position on the cable @ 1.98.86 w/o a stop loss. This gives me a total of 10 lots in this trade which puts me at 20:1 the max I ever put on the line.
Finally out of this gd cable trade at 1.9640 with a net profit of 123 pips... that hardest and longest 123 pips I've ever earned! My goal for the year is 7000 pips so almost halfway there!!!

Pips earned YTD: 3378
  • #48
  • Jun 11, 2007 10:08am Jun 11, 2007 10:08am
I am going short usd/jpy 6 lots @ 121.70 with a profit target of 118.80.
  • #49
  • Jun 18, 2007 11:21am Jun 18, 2007 11:21am
Since it looks like I will be in my usd/jpy trade past the end of the month, I thought I would evaluate my trades for the 1st half of the year.
No. of Trades: 15
Pips Earned YTD: 3378 (Goal is 7000)
% ROI: 68% (Goal is 100%)
W/L %: 73%

Commentary and goals for the following six months: I started this year primarily as a swing trader but am finding myself becoming more of a position trader. I find this approach more profitable and less risky in the long run. I will try to be more articulate in my posting and provide more insight and commentary on why I made the trades I made. I will not gear higher than 10:1 in any one trade mainly for discipline purposes if not for good money management practices. I went higher than this in my last gbp/usd trade even though I felt OK with it. I am still and always will be a "median grid" counter-trend trader!
  • #50
  • Jun 24, 2007 10:36pm Jun 24, 2007 10:36pm
Quoting mdcarlson144
Since it looks like I will be in my usd/jpy trade past the end of the month, I thought I would evaluate my trades for the 1st half of the year.
No. of Trades: 15
Pips Earned YTD: 3378 (Goal is 7000)
% ROI: 68% (Goal is 100%)
W/L %: 73%

Commentary and goals for the following six months: I started this year primarily as a swing trader but am finding myself becoming more of a position trader. I find this approach more profitable and less risky in the long run. I will try to be more articulate in my posting and provide more insight and commentary on why I made the trades I made. I will not gear higher than 10:1 in any one trade mainly for discipline purposes if not for good money management practices. I went higher than this in my last gbp/usd trade even though I felt OK with it. I am still and always will be a "median grid" counter-trend trader!
Actual ROI on entire trade account is 62% after taking into account cost of carry trade expenses and other anomolies. All of my trades are time stamped and dated for those individuals that may be sceptical about my returns. Again, my goal each year is +100% of which I have hit 3 times out of the last 5 years trading the spot forex market! Also, I am a swing trader... just seems my trades are taking longer to develop than usual. Still looking for a big drop in usd/jpy!!!
  • #51
  • Jun 28, 2007 11:36pm Jun 28, 2007 11:36pm
In addition to my current usd/jpy trade, I'm shorting the cable 2 lots @ 2.0019. That puts me at about 10:1 which is the limit I set for myself for the remainder of the year. I took this trade because the 21-day indicator on my CCI chart broke a trend line and I feel the pound is way over bought.
  • #52
  • Jun 29, 2007 2:28am Jun 29, 2007 2:28am
Quoting mdcarlson144
In addition to my current usd/jpy trade, I'm shorting the cable 2 lots @ 2.0019. That puts me at about 10:1 which is the limit I set for myself for the remainder of the year. I took this trade because the 21-day indicator on my CCI chart broke a trend line and I feel the pound is way over bought.
That puts me at about 10:1. Does that mean you have 10% of your total funds inthe two positions?
  • #53
  • Jun 29, 2007 3:21pm Jun 29, 2007 3:21pm
Quoting newbietrader101
That puts me at about 10:1. Does that mean you have 10% of your total funds inthe two positions?
No... for example, if I have $80,000 in my trading account and I buy 8 100K lots, that's where you get your ratio. (100,000 x 8) = 800,000 / 80,000 = 10 or 10:1... it's a ratio of the amount of money you have leverage divided by your account balance. Hope that helps!
  • #54
  • Jul 1, 2007 6:53am Jul 1, 2007 6:53am
Quoting mdcarlson144
No... for example, if I have $80,000 in my trading account and I buy 8 100K lots, that's where you get your ratio. (100,000 x 8) = 800,000 / 80,000 = 10 or 10:1... it's a ratio of the amount of money you have leverage divided by your account balance. Hope that helps!
Thanks.
  • #55
  • Jul 8, 2007 7:00am Jul 8, 2007 7:00am
Quoting mdcarlson144
In addition to my current usd/jpy trade, I'm shorting the cable 2 lots @ 2.0019. That puts me at about 10:1 which is the limit I set for myself for the remainder of the year. I took this trade because the 21-day indicator on my CCI chart broke a trend line and I feel the pound is way over bought.

Whats your SLs on these two trades?
  • #56
  • Jul 9, 2007 9:50pm Jul 9, 2007 9:50pm
Quoting newbietrader101
Whats your SLs on these two trades?
My hard stop losses for the cable are set at 400 pips and for everything else it is 300 pips.
  • #57
  • Jul 11, 2007 12:32am Jul 11, 2007 12:32am
Quoting mdcarlson144
My hard stop losses for the cable are set at 400 pips and for everything else it is 300 pips.
Wow, 400 pips againdst you. thats too much for me. my arse couldnt handle that much being torn off it.
  • #58
  • Jul 12, 2007 11:32am Jul 12, 2007 11:32am
Quoting newbietrader101
Wow, 400 pips againdst you. thats too much for me. my arse couldnt handle that much being torn off it.
You have to keep in mind that as a swing trader, you need to give the market some room to breathe. Hey, the cable can move 50 to 75 pips just getting warmed up for the day during coffee. If you analyze my trade records, I very seldom if ever get stopped out at these levels. My trading plan of multiple entries on a grid in conjunction with my CCI indicator has worked well for me the past five years... who else do you know in this forum has doubled their money in three out of the last five years?
  • #59
  • Jul 20, 2007 10:12am Jul 20, 2007 10:12am
What a crazy market as of late... I was stopped out on my cable/usd trade a few days ago with an 800 pip loss and I just got out of my usd/jpy trade this morning at 121.05 for a 390 pip gain. I have decided to trade shorter time frames and go for smaller profits because of the high degree of turmoil that it present in the world economy, and in my estimation, will only get worse. Fundamentals just aren't working they way they used to... or their are too many variable now to consider. In my estimation, by trading shorter time frames, I should be more successful just trading the technicals... we shall see.

Pips earned YTD: 2968
  • #60
  • Jul 20, 2007 10:27am Jul 20, 2007 10:27am
I said that trend was my ex-girlfriend, trend lied me like she did, so I walked out on trend as well as on my girlfriend
kiss the trend
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