Hahaha, I assure you I'm pretty pissed off when I get a run like this but it ain't gonna do me no good lol
I'm not adverse to the odd sh#t bol##x or f##k when I discover I've been stopped out
- #3,961
- Sep 22, 2009 5:01pm Sep 22, 2009 5:01pm
- #3,963
- Sep 22, 2009 5:04pm Sep 22, 2009 5:04pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hehe, eek!!! Are you telling me I'm the only one who does that?!?!
That's appalling!
- #3,965
- Sep 22, 2009 5:17pm Sep 22, 2009 5:17pm
- Joined Jun 2006 | Status: Trader | 2,512 Posts
I did spot that but being such an innocent I couldn't work it out 
The clue is in the name.
- #3,967
- Sep 23, 2009 8:59am Sep 23, 2009 8:59am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Oh, Clucking bell!!! (Peter will understand)
Been at home today - just taken the 7 hours to hit the 25 pip stop loss on the London open trade.
Seems I cannot buy a winner at the moment but I guess this is where most people would change systems and find if they'd stuck with it a few more weeks, well you know.
Daily long from 1.47901 still on so get yer shorts on people!
Hows that for positivity?!?!
Steve
Been at home today - just taken the 7 hours to hit the 25 pip stop loss on the London open trade.
Seems I cannot buy a winner at the moment but I guess this is where most people would change systems and find if they'd stuck with it a few more weeks, well you know.
Daily long from 1.47901 still on so get yer shorts on people!
Hows that for positivity?!?!
Steve
- #3,968
- Sep 23, 2009 9:10am Sep 23, 2009 9:10am
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Went long at 4794..... 75 pip SL.... still in and will see what the rest of the day brings.
Same Whore .... Different Dress
- #3,969
- Sep 23, 2009 9:12am Sep 23, 2009 9:12am
- Joined Jun 2008 | Status: Trader | 1,739 Posts
Oh, Clucking bell!!! (Peter will understand)
Been at home today - just taken the 7 hours to hit the 25 pip stop loss on the London open trade.
Seems I cannot buy a winner at the moment but I guess this is where most people would change systems and find if they'd stuck with it a few more weeks, well you know.
Daily long from 1.47901 still on so get yer shorts on people!
Hows that for positivity?!?!
Steve
For me, this is when there is the greatest temptation to reduce position size on my next signal or, even more dangerous, ignore the signal altogether.
But, as you alluded to, we all know what happens the moment we do that!
Nice thread, btw Steve. I've been popping in and lurking from time to time.
Cheers, Paul
- #3,970
- Sep 23, 2009 9:20am Sep 23, 2009 9:20am
- Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts
- #3,971
- Sep 23, 2009 9:28am Sep 23, 2009 9:28am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Hey Paul,
Good of you to pop in - I see you are held in great esteem here on FF, especially in the Wormhole thread - and from the UK too - what a guy lol.
Yes, on average the London open method hits 30-40% a year, nothing spectacular but Jan to May this year was nearly 100%.
I went live with it June and the average daily range has been smaller, which means the winners when I get them are averaging more like 2.5% instead of 4% in recent years. It makes a big difference to the overall picture.
The next few months I'm looking for a strong trend and more volatility.
The other system I'm running has made up for the shortfalls in the London open method this month so it's certainly not all bad
I'll just keep plugging away and let the edge in each method play out over time
Kind Regards
Steve
Good of you to pop in - I see you are held in great esteem here on FF, especially in the Wormhole thread - and from the UK too - what a guy lol.
Yes, on average the London open method hits 30-40% a year, nothing spectacular but Jan to May this year was nearly 100%.
I went live with it June and the average daily range has been smaller, which means the winners when I get them are averaging more like 2.5% instead of 4% in recent years. It makes a big difference to the overall picture.
The next few months I'm looking for a strong trend and more volatility.
The other system I'm running has made up for the shortfalls in the London open method this month so it's certainly not all bad
I'll just keep plugging away and let the edge in each method play out over time
Kind Regards
Steve
It's frustrating when systems hit these inevitable sticky patches.
For me, this is when there is the greatest temptation to reduce position size on my next signal or, even more dangerous, ignore the signal altogether.
But, as you alluded to, we all know what happens the moment we do that!
Nice thread, btw Steve. I've been popping in and lurking from time to time.
Cheers, Paul
- #3,973
- Sep 23, 2009 10:23am Sep 23, 2009 10:23am
- Joined Apr 2006 | Status: Suaviter in modo, fortiter in re | 1,851 Posts
Yes Peter,
I've been following your posts and thoughts on the Euro.
Shame 1.4835 held last night - it shot up there as soon as I'd put on the daily long from 1.4790.
Let's see how the market reacts to the FOMC later...
Not so long ago I would have had a blind Sell Limit sitting there but I'm getting a little more cautious as I get older and wiser.
- #3,976
- Sep 23, 2009 6:49pm Sep 23, 2009 6:49pm
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Yeah I got the boot today too, all positions stopped out......
as to what happened today.... typical knee jerk reactions to nothing in particular..... and they call themselves professional traders.... what a hoot
as to what happened today.... typical knee jerk reactions to nothing in particular..... and they call themselves professional traders.... what a hoot
Same Whore .... Different Dress
- #3,977
- Sep 23, 2009 6:50pm Sep 23, 2009 6:50pm
- | Commercial User | Joined Oct 2006 | 1,158 Posts
and they call themselves professional traders.... what a hoot
- #3,978
- Sep 24, 2009 12:53am Sep 24, 2009 12:53am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Yes a mess indeed!
After the initial spike up on EU the position was nicely in profit but it must have tried to clear Peter's 4835-45 area 4 or 5 times in the half hour after the announcement & there was only one way it was going after that.
Wouldn't have minded taking the loss around 1.4730 area which was the low at NY close but I trade on Alpari daily bars and a further 45 pip drop in that last hour didn't go down too well in the Stevie household lol.
Oh well, a new day dawns - lets see what the market throws at us today...
Kind Regards
Steve
After the initial spike up on EU the position was nicely in profit but it must have tried to clear Peter's 4835-45 area 4 or 5 times in the half hour after the announcement & there was only one way it was going after that.
Wouldn't have minded taking the loss around 1.4730 area which was the low at NY close but I trade on Alpari daily bars and a further 45 pip drop in that last hour didn't go down too well in the Stevie household lol.
Oh well, a new day dawns - lets see what the market throws at us today...
Kind Regards
Steve
i am still wondering what the hell was understood after the announcement today ... volatility spiked everywhere ... non-sense everywhere ... some assets range-traded today's ranges ... otheres broke-out .. others faked-out...
a mess!!!
- #3,979
- Sep 24, 2009 1:00am Sep 24, 2009 1:00am
- Joined Jun 2006 | Status: Trader | 2,512 Posts
Sorry to hear about that John - I'm sure we were not alone
I know some harp on about not trading news days but if I'm in a position I just ride it and some days you get lucky and nothing is said.
Not nice to lose most of the gains for the month but if I step back and look at it with a calmer frame of mind I'm down 0.82% on London open this month and up 1.33% on the daily method for this month - hardly a disaster!
No daily trade to be opened until close tonight but the London open method will be back in an hour or so. I'm almost glad to be back to work today LOL.
Kind Regards
Steve
I know some harp on about not trading news days but if I'm in a position I just ride it and some days you get lucky and nothing is said.
Not nice to lose most of the gains for the month but if I step back and look at it with a calmer frame of mind I'm down 0.82% on London open this month and up 1.33% on the daily method for this month - hardly a disaster!
No daily trade to be opened until close tonight but the London open method will be back in an hour or so. I'm almost glad to be back to work today LOL.
Kind Regards
Steve
Yeah I got the boot today too, all positions stopped out......
as to what happened today.... typical knee jerk reactions to nothing in particular..... and they call themselves professional traders.... what a hoot