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  • #79,961
  • Mar 25, 2009 7:48pm Mar 25, 2009 7:48pm
Quoting Chicky
Its a tiny position. Don't worry, I am no stupid.
ak is the fib guy.. ask him about what % cancels a trend..
those who can, do. those who cant, talk about those who can
  • #79,962
  • Mar 25, 2009 7:50pm Mar 25, 2009 7:50pm
Quoting Bluemeanie
Just curious but what is your trading strategy?

PM me as just off to bed, and will try to explain tommorow when I awake.

It's really simple and really complicated to explain, but works well and keeps me on the right side of the trend to maximise my win ratio ( 100% so far LOL )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79,963
  • Mar 25, 2009 7:50pm Mar 25, 2009 7:50pm
Quoting Bluemeanie
Just curious but what is your trading strategy?
I would guess "Balls to the Wall."

Hope he has some longevity.but either way, I hope he makes some coin.
  • #79,964
  • Mar 25, 2009 7:50pm Mar 25, 2009 7:50pm
Quoting Turveyd
Make 9.5pips average per trade after my spread, Not 1 loser in 18trades, but I need a loser or 3 to get my head around bugging out as per my system when my system fails.

Strangely, it's not failed once, so keeping on stocking up my account for when the rains come, which they will LOL
I am a gambler no trader, and therefore would always want odds in my favor. Your game doesn't go with my principles. Not my game.
The Thief of Wall Street
  • #79,965
  • Mar 25, 2009 7:51pm Mar 25, 2009 7:51pm
These kind of back to back candles always get my attention and generally lead to Pain and Gain... just not at the same time for the same person.

Looks just like a typical Frankie Open...

Putting in a small trade and leaving the room for a few hours...
Attached Image
FUBAR...
  • #79,966
  • Mar 25, 2009 7:52pm Mar 25, 2009 7:52pm
Quoting gatorinla
chicky you selling the spread?
Quote your price, If I get it cheaper, will sell it to you plus a discount.
The Thief of Wall Street
  • #79,967
  • Mar 25, 2009 7:53pm Mar 25, 2009 7:53pm
Quoting Turveyd
...( 100% so far LOL )
Since August 2006
Shut down all other threads now. We have the grail.


Yeah, sorry I was just hoping...
  • #79,968
  • Mar 25, 2009 7:55pm Mar 25, 2009 7:55pm
Quoting ak4x
These kind of back to back candles always get my attention and generally lead to Pain and Gain... just not at the same time for the same person.

Looks just like a typical Frankie Open...

Putting in a small trade and leaving the room for a few hours...


I guess I was lucky o be on each end of those
Designer by day Trader by night.
  • #79,969
  • Mar 25, 2009 7:55pm Mar 25, 2009 7:55pm
Quoting Chicky
Quote your price, If I get it cheaper, will sell it to you plus a discount.
you need to read my post slower and with the mind of 16 yr old boy..
those who can, do. those who cant, talk about those who can
  • #79,970
  • Mar 25, 2009 7:57pm Mar 25, 2009 7:57pm
Quoting Bemac
I would guess "Balls to the Wall."

Hope he has some longevity.but either way, I hope he makes some coin.

LOL, Nah system cool ( my use of is what's taken ages to perfect ), the simple main essence and most important factor is, 1M chart 5SMA and 20SMA, trade the direction of the 5SMA and above / below the 20SMA kinda, then use other SMA's to pick entrys and only trade with the trend so I'll never try to pick a bottom as bottoms normally don't go far enough to count before a new bottom is made.

Confused, so am I

Trade goes against me, hopefully I'm out @-15 pips and I should rarely take a loss

Time requirement is HUGE and very few trades are made each day, but I miss ALOT!! are the downsides!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79,971
  • Mar 25, 2009 7:59pm Mar 25, 2009 7:59pm
Quoting Bemac
Since August 2006
Shut down all other threads now. We have the grail.


Yeah, sorry I was just hoping...

LOL I Wish, since Last Monday, still down £400 since August 2006 I think.

£1200 since starting 5 years+ ago.

* just ran a report off -£462 *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79,972
  • Mar 25, 2009 8:00pm Mar 25, 2009 8:00pm
Quoting Turveyd
But if like me, you've got a small account and you trade at a risk level that you could and have blown it in a few stupid trades, would you really want to keep your risk level the same on say a 20K account ?? I sure as hell don't want to, 20K blown in 3 trades you'd never trade again.

Put your greed in check, cause greed will just make this game, 1 step forwards and 2 back.
I have alreay paid my tuition fee in thousands of dollars, so I don't do any more of what you have referred to. Yes 20K account is good enough to blow off in few weeks. But if you have more in your account (and equal amount of grey matter between both of your ears) you will never take more than 1-2% risk with a reward less than that % and not without waiting for right opportunity.
The Thief of Wall Street
  • #79,973
  • Mar 25, 2009 8:07pm Mar 25, 2009 8:07pm
Quoting Chicky
I have alreay paid my tuition fee in thousands of dollars, so I don't do any more of what you have referred to. Yes 20K account is good enough to blow off in few weeks. But if you have more in your account (and equal amount of grey matter between both of your ears) you will never take more than 1-2% risk with a reward less than that % and not without waiting for right opportunity.

Agree totally, so your risk is LOW anyway, not alot of option not alot of spare cash so I restarted with what was in my account 6months back ( was £197, 1st trade down to £110 ) so that had to do could add but only when account is margined is my rule.

So yes I've got to risk abit to kick start my account again, which is taking time.

And 18 trades ZERO losers, trust me I'm waiting for the right oppertunity too much so currently. Only held 1 trade into Negative all the rest have ticked from -3 spread to profit fairly nicely
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79,974
  • Mar 25, 2009 8:11pm Mar 25, 2009 8:11pm
Quoting gatorinla
you need to read my post slower and with the mind of 16 yr old boy..
I apologyze for my ignorance. Re-read but couldn't get it. Maybe I am getting old. I am not selling anything at the moment. I only sell when convinced.
The Thief of Wall Street
  • #79,975
  • Mar 25, 2009 8:12pm Mar 25, 2009 8:12pm
Do we finally have enough momentum to break through this? Its not very strong but it has been beating against it for the last several hrs.

EDIT: slow in posting... it seems it maybreak.
Attached Image
Designer by day Trader by night.
  • #79,976
  • Mar 25, 2009 8:16pm Mar 25, 2009 8:16pm
Quoting Turveyd
Agree totally, so your risk is LOW anyway, not alot of option not alot of spare cash so I restarted with what was in my account 6months back ( was £197, 1st trade down to £110 ) so that had to do could add but only when account is margined is my rule.

So yes I've got to risk abit to kick start my account again, which is taking time.

And 18 trades ZERO losers, trust me I'm waiting for the right oppertunity too much so currently. Only held 1 trade into Negative all the rest have ticked from -3 spread to profit fairly nicely
I regard both your courage and thinking. This game is all about how much you can afford to lose, not how much you want to make. I my opinion one should always look at how much a trade is going to cost before clicking. Read my Avatar.
The Thief of Wall Street
  • #79,977
  • Mar 25, 2009 8:18pm Mar 25, 2009 8:18pm
Quoting Turveyd
Totally Killer, you don't mind risking blowing a £100 account, why I've doubled mine easy, trying to trade at $10 per pip with a £1000 account although the same the amounts when your down seem alot higher although.

So yes as the account grows I intend to scale back my risk.

$1 per pip to £300.
$2 per pip to £600.
$3 per pip to £1200.
$4 per pip to £2500.
$5 per pip to £5000.


1/3rd the risk with £4999 compared to £299
Still be 1/10th the risk of when my account was £100





So on and so forth, securing my account some what!!
lol, the dollars you mention are way too high for me.
I would not risk more than $1.00 per pip in a $1,000 account.

Edit, oh I didn't see but you use GBP

But just to see what is possible, a few weeks ago I opened a sub account for $1.00 (only possible @ Oanda)
28 hours later I had doubled that account.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #79,978
  • Mar 25, 2009 8:21pm Mar 25, 2009 8:21pm
Quoting Chicky
I regard both your courage and thinking. This game is all about how much you can afford to lose, not how much you want to make. I my opinion one should always look at how much a trade is going to cost before clicking. Read my Avatar.

IF I don't lose, then my trade costs nothing.

Yes if you win 50% of the time, you've got to make the same as you lose to break even, but when 100% ( or near ) you can risk 30pips to make 10pips and still grow the account.

As said, I'm risking 15pips really, 30 WORST case and should be averaging 25pips profit when fully self trained and not panic exiting!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #79,979
  • Mar 25, 2009 8:21pm Mar 25, 2009 8:21pm
i did something close. but for less pips and market had to be moving some at least ... with trend... when shorting wait till price is above sma then short when you think its peeked..as high as possible above..once it goes lower then sma have finger on trigger... and always pull it if your possitive trade is slipping...this works well with a small range of 25-30 pips.. you can add other indicators...some cross at ideal entries.. what keeps me from doing it more is sometimes you get in a trade longer then you wanted... it gets old watching a screen.. and i sometimes found myself forgetting i was in the trade and doing other stuff. but when it works its great.. if i lose 2 trades in a row i get out.and walk away... sl is up to you and can vary on the same pair on different days... but dont let it get away from you... you will waste more time waiting for it to come back to you.. time= trade=money.. if your not trading your losing money..when its working..i have got 40 possitive trades in a row doing this once..then lost on the last one eating 50% of the 40 trades (my personal best) trying to get 41 in a row..so dont get the big head..i havent traded this since this way... very stressful...
those who can, do. those who cant, talk about those who can
  • #79,980
  • Mar 25, 2009 8:24pm Mar 25, 2009 8:24pm
Quoting KillerWhale
lol, the dollars you mention are way too high for me.
I would not risk more than $1.00 per pip in a $1,000 account.

Edit, oh I didn't see but you use GBP

But just to see what is possible, a few weeks ago I opened a sub account for $1.00 (only possible @ Oanda)
28 hours later I had doubled that account.

GBP is only x 1.4 these days so not alot in it.

Simply wouldn't get anywhere being that conservative I've got work and cash for 4months ( might get more in over it, plan for the worst hope for the best ), so I'm working with a target in mind to grow the account to £10,000 area by making 200pips per week.

We'll see, having a plan is better than no plan, even if the plan is crazy
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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