Edit: Off topic
Jeez guys ... Go to bed! 
Gotta admit, most of it was beyond me, but I think the two of you have managed to mutually integrate knowledge from the discussion into both of your systems.
Personally, I'd like to NOT have to worry about WHEN to make additions to the basket. One would think that if there were extra funds available to put into the basket, they could be spread across all the pairs to keep the basket in the same balance as it was before the capital infusion.
If this were the case, would DD remain the same?
It sounds a little like the "reweighting" of Diverse-33, though I know nothing about that program.
Anyway, perhaps you two can put your heads together and write a brief synopsis, (please no more quoting)
of the final results of the discussion to make it easier for us "noobs" to digest.
Thanks, as always for sharing!
Cet.
Gotta admit, most of it was beyond me, but I think the two of you have managed to mutually integrate knowledge from the discussion into both of your systems.
Personally, I'd like to NOT have to worry about WHEN to make additions to the basket. One would think that if there were extra funds available to put into the basket, they could be spread across all the pairs to keep the basket in the same balance as it was before the capital infusion.
If this were the case, would DD remain the same?
It sounds a little like the "reweighting" of Diverse-33, though I know nothing about that program.
Anyway, perhaps you two can put your heads together and write a brief synopsis, (please no more quoting)
of the final results of the discussion to make it easier for us "noobs" to digest.Thanks, as always for sharing!
Cet.
I think some of your electric light has finally filtered into my dark room of ignorance and I've picked up what you guys get up to here.
Man is this a popular thread! I think Jim's gonna have to watch his viewing figures now he has some competition!
I have a few (dumbass) questions or suggestions if I may Electric to help (dumbasses) like myself:
1. I think you're gonna teach this in the pf? Is this right? If so then introducing the spreadsheet first without going through the basics throws you at first. I found it too daunting at first which is why I haven't been back in a while.
2. For newbies then you could strip down the spreadsheet into a basic dashboard -
e.g. 1st tab rules, 2nd faq, 3rd exposure, 4th daily entries. I don't know if you could simplify the data entry a little and remove some of the columns perhaps?
3. Leave the reporting and other complex stuff for later once the basic concepts and how to apply it to the spreadsheet sinks in.
4. Introduce the underlying hedging calculations and other technical stuff for intermediate lessons.
5. Once all the above is fully understood then show them the full spreadsheet including NAV, Compounding, etc.
6. Perhaps a quick Oanda tutorial? Or at least the minimal setup to get practising? I admit I still havent setup my Oanda account - that will be done soon.
Please keep in mind these are just suggestions from my part - I'm not telling you what do here or in the pf. Just indicative of the way I've learned it.
Its evident from all your posts you have plenty of all round trading experience. You've introduced some other ideas or systems elsewhere in this forum. Just wondering are these the other systems you trade?
Keep up the good work...I will try and join you guys from next month!
Man is this a popular thread! I think Jim's gonna have to watch his viewing figures now he has some competition!
I have a few (dumbass) questions or suggestions if I may Electric to help (dumbasses) like myself:
1. I think you're gonna teach this in the pf? Is this right? If so then introducing the spreadsheet first without going through the basics throws you at first. I found it too daunting at first which is why I haven't been back in a while.
2. For newbies then you could strip down the spreadsheet into a basic dashboard -
e.g. 1st tab rules, 2nd faq, 3rd exposure, 4th daily entries. I don't know if you could simplify the data entry a little and remove some of the columns perhaps?
3. Leave the reporting and other complex stuff for later once the basic concepts and how to apply it to the spreadsheet sinks in.
4. Introduce the underlying hedging calculations and other technical stuff for intermediate lessons.
5. Once all the above is fully understood then show them the full spreadsheet including NAV, Compounding, etc.
6. Perhaps a quick Oanda tutorial? Or at least the minimal setup to get practising? I admit I still havent setup my Oanda account - that will be done soon.
Please keep in mind these are just suggestions from my part - I'm not telling you what do here or in the pf. Just indicative of the way I've learned it.
Its evident from all your posts you have plenty of all round trading experience. You've introduced some other ideas or systems elsewhere in this forum. Just wondering are these the other systems you trade?
Keep up the good work...I will try and join you guys from next month!
I think FF has right now the best collection of down to earth, honest traders in the pf who have no axe to grind, ego to massage or product to sell. What a refreshing change!
I hope the community spirit we have right now keeps on going and we can keep those "cheesy" vendors at the gates for as long as we can. (Merlin might have to conjure up a force field to keep 'em out perhaps?)
Yes apparently forex is the perhaps the most strongly trending of all markets out there. As usual I have no evidence to back up that statement - just read it from many other places.
I hope the community spirit we have right now keeps on going and we can keep those "cheesy" vendors at the gates for as long as we can. (Merlin might have to conjure up a force field to keep 'em out perhaps?
)Yes apparently forex is the perhaps the most strongly trending of all markets out there. As usual I have no evidence to back up that statement - just read it from many other places.
Iso I have vowed never to post what I do not know and what sounds good, but rather what I have found out for myself and have traded. Why would I expect anybody to trade my stuff, if I did not have my own money on the line?
I prefer set ups that are far a few between but I can watch many pair...all 33 of them lol...i have not traded directionally however for in over a year....but everything that I have shared I have traded. I traded Futures professionally for a short stint as a CTA and I have carried over some of my experience to Forex. I find Forex to have stronger trends.
Michael B.
- #199
- Edited 1:31am Nov 1, 2005 1:08am | Edited 1:31am
- Joined Aug 2005 | Status: 888 | 1,053 Posts
Hi, I started my demo on the 6th of Oct with $1010 and got to a base exposure of 3000 units a week later. I wasn't using a exposure factor and mainly got to that level on based on personal comfort.
So far my max DD has been -9% and I went flat today at around +4%. My previous high was 4%.
My balance is currently 1080.47 (7% in just under a month) and I've started scalling back in with a base of 400... to what level i'm not sure yet. I figure I have a few days up my sleeve due to profiting.
So thanks to ES for all of his efforts here
I to have started a 33 pair demo to get the feel of it. It's based on the positions Beachie posted... pages ago. The draw down has been a max of about 10% but it has come positive again. The mistake I made was buying in too much because I forgot to realise Beachies positions where at a point where he was adding to the winners. I've managed to jumble mine up and I have started to look to buy into winners now so hopefully my DD won't go that low again.
So far I enjoy both styles and although they are similar the 33 pair allows greater flexibility by letting me decide what to buy more of. Beachie mentioned using the "grid method" here. I read about it briefly but the more I trade it the more it makes sense.
GL & GT all
So far my max DD has been -9% and I went flat today at around +4%. My previous high was 4%.
My balance is currently 1080.47 (7% in just under a month) and I've started scalling back in with a base of 400... to what level i'm not sure yet. I figure I have a few days up my sleeve due to profiting.
So thanks to ES for all of his efforts here
I to have started a 33 pair demo to get the feel of it. It's based on the positions Beachie posted... pages ago. The draw down has been a max of about 10% but it has come positive again. The mistake I made was buying in too much because I forgot to realise Beachies positions where at a point where he was adding to the winners. I've managed to jumble mine up and I have started to look to buy into winners now so hopefully my DD won't go that low again.
So far I enjoy both styles and although they are similar the 33 pair allows greater flexibility by letting me decide what to buy more of. Beachie mentioned using the "grid method" here. I read about it briefly but the more I trade it the more it makes sense.
GL & GT all
grist for the mill