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Simplicity is the Key

  • #1,001
  • Mar 12, 2007 1:45pm Mar 12, 2007 1:45pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +27
3) S-USDCHF---1.2275---3-12 5:51 -- +21
11) S-EURCHF--1.6140----3-12 11:45 -- -18
13) B-NZDJPY---81.79----3-12 12:27 -- +1
14) B-AUDJPY---92.29----3-12 12:50 -- 0
15) B-GBPUSD---1.9309---3-12 13:18-- +11
------------------------------------------
16) B-CHFJPY--96.08-----3-12 14:42 -- Just Opened
  • #1,002
  • Mar 12, 2007 1:57pm Mar 12, 2007 1:57pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +38
3) S-USDCHF---1.2275---3-12 5:51 -- +33
13) B-NZDJPY---81.79----3-12 12:27 -- -4
14) B-AUDJPY---92.29----3-12 12:50 -- +5
15) B-GBPUSD---1.9309---3-12 13:18-- +12
16) B-CHFJPY--96.08-----3-12 14:42 -- -7
------------------------------------------
Closed
11) S-EURCHF--1.6140----3-12 11:45 -- Closed Loss -20


------------------------------------------
NET TOTAL FOR THE WEEK---- -177
------------------------------------------
  • #1,003
  • Mar 12, 2007 2:19pm Mar 12, 2007 2:19pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +38
3) S-USDCHF---1.2275---3-12 5:51 -- +33
13) B-NZDJPY---81.79----3-12 12:27 -- -4
14) B-AUDJPY---92.29----3-12 12:50 -- +5
15) B-GBPUSD---1.9309---3-12 13:18-- +12
16) B-CHFJPY--96.08-----3-12 14:42 -- -7
------------------------------------------
17) B-EURJPY--155.20----3-12 15:16 -- Just Opened
  • #1,004
  • Mar 12, 2007 2:56pm Mar 12, 2007 2:56pm
hi, you trade quite a few pairs. Have you ever considered testing your system out on all pairs and eliminating the ones that aren't profitable to maximize your systems overall profitability? Also, is your system purely technical system? or do you base any of your desicions on news and economic outlooks?
  • #1,005
  • Mar 12, 2007 4:02pm Mar 12, 2007 4:02pm
Quoting mmnoname
hi, you trade quite a few pairs. Have you ever considered testing your system out on all pairs and eliminating the ones that aren't profitable to maximize your systems overall profitability? Also, is your system purely technical system? or do you base any of your desicions on news and economic outlooks?
I have only tested this system on major pairs and i am forward testing this on other pairs including cross pairs. Yes, i will eliminate the non profitable pair, thats why we are testing. Both technical and fundamental are considered, news time included and how to avoid and work around it.
Regards
  • #1,006
  • Mar 12, 2007 4:08pm Mar 12, 2007 4:08pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +28
3) S-USDCHF---1.2275---3-12 5:51 -- +26
13) B-NZDJPY---81.79----3-12 12:27 -- +11
14) B-AUDJPY---92.29----3-12 12:50 -- +19
15) B-GBPUSD---1.9309---3-12 13:18-- +18
16) B-CHFJPY--96.08-----3-12 14:42 -- +1
17) B-EURJPY--155.20----3-12 15:16 -- +3
---------------------------------------------
18) B-USDJPY--117.73----3-12 17:04 -- Just Opened
  • #1,007
  • Mar 12, 2007 5:42pm Mar 12, 2007 5:42pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +30
3) S-USDCHF---1.2275---3-12 5:51 -- +26

Closed Trades
13) B-NZDJPY---81.79----3-12 12:27 -- Closed Gain +2
14) B-AUDJPY---92.29----3-12 12:50 -- Closed Gain +2
15) B-GBPUSD---1.9309---3-12 13:18-- Closed Gain +13
16) B-CHFJPY--96.08-----3-12 14:42 -- Closed Loss -20
17) B-EURJPY--155.20----3-12 15:16 -- Closed Loss -20
18) B-USDJPY--117.73----3-12 17:04 -- Closed Loss -20
------------------------------------------------------
Getting stock in the mud now, but its only Monday
------------------------------------------------------
NET TOTAL FOR THE WEEK---- -200
------------------------------------------------------
  • #1,008
  • Edited 6:31pm Mar 12, 2007 6:02pm | Edited 6:31pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +30
3) S-USDCHF---1.2275---3-12 5:51 -- +26
19) B-AUDUSD--0.7869----3-12 18:53 --Just Opened
20) B-NZDUSD--0.6976----3-12 18:53 --Just Opened
21) B-GBPUSD--1.9328----3-12 18:54 --Just Opened
---------------------------------------------------
I will keep trying to catch a trend here, thats the only way to recover.
  • #1,009
  • Mar 12, 2007 8:20pm Mar 12, 2007 8:20pm
Quoting trader101
thats the only way to recover.
Now comes the point where most aspiring traders destory their system/account. Let me try and help you avoid that mistake.

Repeat after me, "I don't need to recover anything. My system has been shown to be profitable thus far and I have no reason to assume that it won't be so again very soon." Don't forget that your system is still up over 1300 pips to date. Historically your worst week ever was followed by your best week ever. If you can avoid the temptation to alter your system, more then likely you'll get through this bad patch in short order and be raking in even more pips afterward.

Losses are an inevitable part of trading. To quote Mark Douglas, "There is a random distribution between wins and losses for any given set of variable that define an edge". I would be surprised if your system didn't have some sort of edge and there is no reason to assume that this string of losses is going to alter that. Just keep doing what you have been doing and it will take you to the next level of trading success.

Your doing great so far. Just keep it up.

OK, so I just said the same thing in like 6 different ways, but I'm hoping that one of them will resonate with you and keep you from making any system changes before you achieve a new profit peak. Good luck.
  • #1,010
  • Mar 12, 2007 8:44pm Mar 12, 2007 8:44pm
Quoting Darkstar
Now comes the point where most aspiring traders destory their system/account. Let me try and help you avoid that mistake.

Repeat after me, "I don't need to recover anything. My system has been shown to be profitable thus far and I have no reason to assume that it won't be so again very soon." Don't forget that your system is still up over 1300 pips to date. Historically your worst week ever was followed by your best week ever. If you can avoid the temptation to alter your system, more then likely you'll get through this bad patch in short order and be raking in even more pips afterward.

Losses are an inevitable part of trading. To quote Mark Douglas, "There is a random distribution between wins and losses for any given set of variable that define an edge". I would be surprised if your system didn't have some sort of edge and there is no reason to assume that this string of losses is going to alter that. Just keep doing what you have been doing and it will take you to the next level of trading success.

Your doing great so far. Just keep it up.

OK, so I just said the same thing in like 6 different ways, but I'm hoping that one of them will resonate with you and keep you from making any system changes before you achieve a new profit peak. Good luck.
Thanks .. bro..
You are right, i am overtrying again, trying to recover the loses for the day. Well i just put the trade according to the system and stop over trying, if possible try to be more patient and let the analysis flow, i think the market is not showing trend right so i will not force the trend. And just wait when it comes. Thanks again .. bro..
  • #1,011
  • Mar 12, 2007 8:48pm Mar 12, 2007 8:48pm
Open Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- +28
3) S-USDCHF---1.2275---3-12 5:51 -- +22
19) B-AUDUSD--0.7869----3-12 18:53 -- -14
20) B-NZDUSD--0.6976----3-12 18:53 -- -18
21) B-GBPUSD--1.9328----3-12 18:54 -- Closed Loss -20
---------------------------------------------------
------------------------------------------------------
NET TOTAL FOR THE WEEK---- -220
------------------------------------------------------
  • #1,012
  • Mar 13, 2007 3:57am Mar 13, 2007 3:57am
Closed Trades (3-12)
Pair-------open-----time Open----currently
2) B-EURUSD---1.3158----3-12 5:30 -- Closed Gain +20
3) S-USDCHF---1.2275---3-12 5:51 -- Closed Gain +20
19) B-AUDUSD--0.7869----3-12 18:53 --Closed Loss -20
20) B-NZDUSD--0.6976----3-12 18:53 --Closed Loss -20

------------------------------------------------------
NET TOTAL FOR THE WEEK---- -220
------------------------------------------------------
  • #1,013
  • Mar 13, 2007 9:54am Mar 13, 2007 9:54am
OPEN Trades (3-13)
Pair-------open-----time Open----currently
21) B-GBPUSD---1.9329----3-13 10:42 --
  • #1,014
  • Mar 13, 2007 2:21pm Mar 13, 2007 2:21pm
First, you have my respect and I think you present your system correctly. First show people the trades..

Second.. if you didn't have any loosing trades I would probably wonder if you were making it "perfect" for the visitors. Stick to the system even after a loosing week or two, if it works you will recover due to good MM.

Keep up the great job you're doing here
  • #1,015
  • Mar 13, 2007 3:52pm Mar 13, 2007 3:52pm
OPEN Trades (3-13)
Pair-------open-----time Open----currently
21) B-GBPUSD---1.9329----3-13 10:42 --Closed Loss -20

------------------------------------------------------
NET TOTAL FOR THE WEEK---- -240
------------------------------------------------------
There are really times when you loss you loss big, it happends, there are weeks when the system seems not working, but i understand it has its ups and down. Perhaps this week it is just down. But im still hoping to catch something in the remaining days.
  • #1,016
  • Mar 13, 2007 3:57pm Mar 13, 2007 3:57pm
Quoting frankiev2
First, you have my respect and I think you present your system correctly. First show people the trades..

Second.. if you didn't have any loosing trades I would probably wonder if you were making it "perfect" for the visitors. Stick to the system even after a loosing week or two, if it works you will recover due to good MM.

Keep up the great job you're doing here
Wow, i thank you for your inspiring words..sir...
I understand that the system that i created is not perfect, and it has its ups and downs, this week it is one of its down it just seem not working but the system remains as per guidelines. I am tempted to revise it but i think that is not a bright idea to change something that has not function for a week but was functioning several weeks.. So i just keep it like that, if this week it will not work then perhaps it will work more efficiently next week.
Regards
  • #1,017
  • Mar 13, 2007 5:10pm Mar 13, 2007 5:10pm
Quoting Darkstar
Repeat after me, "I don't need to recover anything. My system has been shown to be profitable thus far and I have no reason to assume that it won't be so again very soon."
No need to respond to me... Just do it!
  • #1,018
  • Mar 13, 2007 5:18pm Mar 13, 2007 5:18pm
I only look for 60 pips per week. You already had that early in the week.

Still looks good to me.
Keep up the good work. We seem to always find what we are looking for.

lloydt
  • #1,019
  • Mar 13, 2007 5:40pm Mar 13, 2007 5:40pm
OPEN Trades (3-13)
Pair-------open-----time Open----currently
22) S-EURUSD---1.3197----3-13 18:27 --
23) S-USDCAD---1.1738----3-13 18:35 --
  • #1,020
  • Mar 13, 2007 7:03pm Mar 13, 2007 7:03pm
OPEN Trades (3-13)
Pair-------open-----time Open----currently
23) S-USDCAD---1.1738----3-13 18:35 -- 0
--------------------------------------------
Closed
22) S-EURUSD---1.3197----3-13 18:27 --Closed Gain +7

------------------------------------------------------
NET TOTAL FOR THE WEEK---- -233
------------------------------------------------------
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