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  • #121
  • Jan 27, 2009 11:56am Jan 27, 2009 11:56am
Quoting pipintime
Hi Xaron,

First off let me wish you well in your quest, I have been watching with interest for a while now. On Monday I opened an account funded with £20,000 with the intention of taking it to £250,000 by the year end, I may start a thread to keep any interested perties up to date. If I do I will let you know, should you wish to follow my progress as I watch yours. In the meantime I wish you good trading, may the pips be with you.
Thanks and all the best to you! Actually it is possible. Good luck! Will follow your thread with interest.

Kind regards - Xaron
  • #122
  • Jan 27, 2009 12:50pm Jan 27, 2009 12:50pm
Quoting Xaron
Up and down... what a boring month...

http://www.xaron.net/dl/fx/2009/ib/account_270109.png

Well better boring then only losses ;-)

Many of my tests (MTF Stochs) show a very similar picture.

I saw you joined the long term contest starting on February with me. are you planing to trade the same or test anything new?
__Thanks__ MJ
  • #123
  • Jan 27, 2009 12:55pm Jan 27, 2009 12:55pm
Quoting M_j
Well better boring then only losses ;-)

Many of my tests (MTF Stochs) show a very similar picture.

I saw you joined the long term contest starting on February with me. are you planing to trade the same or test anything new?
It will be almost the same I think. But of course I might miss some opportunities in the game account if I have less time.
  • #124
  • Jan 27, 2009 6:46pm Jan 27, 2009 6:46pm
Quoting Xaron
Thanks for your posting, Estrader!



Let me tell you my opinion: Indicators are just bullsh!t. What do they show? The past! What do charts show? The past! It's all just a game of probabilities, not more, not less. I even don't care anything about win/loss ratios, I just use it for this mechanical approach. This "big trading rule by cutting the losses and let the winners run" is another myth. In another account I just do the opposite, take profits here and there and let my losers run. Ok, actually I won't let them run forever but my losses...
I live off the 5 minute table...and I had a wonderful night.

http://img210.imageshack.us/img210/5469/jan27thfw2.jpg
lowest draw down possible please.
  • #125
  • Jan 28, 2009 12:30am Jan 28, 2009 12:30am
@eric. To convince somebody, I'd appreciate you to open your own thread describing setup and results of you method, if you think it's worth it. Xaron is doing the same here for what works for him.
  • #126
  • Jan 28, 2009 2:17am Jan 28, 2009 2:17am
Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_270109.png
  • #127
  • Jan 28, 2009 2:18am Jan 28, 2009 2:18am
Thanks Wonko. At least it should work for me. *gg*

And what I really don't like are screenshots which are wider than my screen resolution.

@ehrek: So how long has this been worked for you?
  • #128
  • Jan 28, 2009 9:19am Jan 28, 2009 9:19am
This will be one of those negative months... Just a bad feeling to start with a drawdown.

http://www.xaron.net/dl/fx/2009/ib/account_280109.png
  • #129
  • Jan 29, 2009 12:35am Jan 29, 2009 12:35am
Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_280109.png
  • #130
  • Jan 29, 2009 1:03am Jan 29, 2009 1:03am
Quoting Xaron

And what I really don't like are screenshots which are wider than my screen resolution.
And what is your screen resolution ;-) I use 1680 x1050.

Hope your next month is better: isn't it annoying -- one tests all that stuff and then goes live just to see a month differently to start with.

On the other hand - it also shows that you handle it well - there will be better a month again (so I hope).


All the best.
__Thanks__ MJ
  • #131
  • Jan 29, 2009 6:26am Jan 29, 2009 6:26am
MIssed by a lousy pip:

http://www.xaron.net/dl/fx/2009/ib/usdcad5m_290109.png
  • #132
  • Jan 29, 2009 7:49am Jan 29, 2009 7:49am
HA! This pair is playing games with me.

A new IB has been formed and my orders wait for a breakout...

http://www.xaron.net/dl/fx/2009/ib/u...m_290109_2.png
  • #133
  • Jan 29, 2009 10:52am Jan 29, 2009 10:52am
Hi Xaron, I have started my thread today, here's the link if you want to look in from time to time.

may the pips be with you
If it is to be - it's up to me
  • #134
  • Jan 29, 2009 2:06pm Jan 29, 2009 2:06pm
Alright, will follow it, good luck!
  • #135
  • Jan 29, 2009 2:12pm Jan 29, 2009 2:12pm
http://www.xaron.net/dl/fx/2009/ib/account_290109.png
  • #136
  • Jan 30, 2009 12:33am Jan 30, 2009 12:33am
Transactions from yesterday:

http://www.xaron.net/dl/fx/2009/ib/t...ons_290109.png
  • #137
  • Jan 30, 2009 12:37pm Jan 30, 2009 12:37pm
Great thread Xaron

It's a good read and shows that it's not as easy as some people make it out to be.

I have a sheet that you might want to use I don't mean any offence or to try and tell you how to trade but this little sheet helped me.
It's just a basic compounding sheet that shows a percentage exit based on the current balance.

Anyway like I said great thread.

Cheers

Kiwi
Attached File(s)
File Type: xls compounding.xls   54 KB | 520 downloads
  • #138
  • Jan 30, 2009 2:36pm Jan 30, 2009 2:36pm
Ok, the first month is over, I'm down 8%. Not a nice feeling.

The main reason is not the approach itself but my foolish tries in money management. For now I stick to my plain simple fixed risk approach and I will drop the USD/CHF from my list. It was the worst pair this month plus it is somewhat correlated with the EUR/USD which was the second worst. Using a simple fixed risk MM I would be down only 2%. Lesson learned.

I'll continue on monday...

http://www.xaron.net/dl/fx/2009/ib/account_300109.png
  • #139
  • Jan 30, 2009 2:40pm Jan 30, 2009 2:40pm
Thanks Kiwi for your nice words, I really appreciate it. It's always annoying to start with a drawdown... :/
  • #140
  • Jan 31, 2009 8:34am Jan 31, 2009 8:34am
Although I'm having some doubt about the efficiency of your hourly inside bar methodology but so far I'm truly impressed about your trading discipline. Good work, man.
Trading is the game of fear and greed.
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