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  • #821
  • Dec 18, 2009 3:05pm Dec 18, 2009 3:05pm
Quoting Toothman
More toe twisting today. This run has to end soon I would think. I have two pairs at level 3, three pairs at level 2, and eight pairs at level 1. Margin level is still at 9500% though. DD is at about 5%. I feel like I'm cheating with the 400:1 leverage. FXSolutions Australia demo platform has been no problem to this point.
Just wrote an EA that is 110 wins to 1 loss. The one loss was for .58 cents. However, with the continued carry over it is -6.00 in the hole LOL. Maybe I should try to sell it for $99.00 as the 100% win EA. LOL.
  • #822
  • Dec 19, 2009 6:21am Dec 19, 2009 6:21am
Day 12 for the eur/usd and usd/chf run. Not much happened, closed out two more currencies. Thanks for the idiots at NFA I cant close out my small losers and hedge my other trades and come back in two weeks. I will have to come back Monday and finish my trading. Yes folks you could have just hedged your trades, take a vacation, and come back to the same level you are now. But since the NFA experts think there is no value in hedging we can no longer walk away from our trades and come back later. One of the beauties of hedging was the ability to walk away for a couple of days or weeks and then come back to clean up your mess when you can get a better read on the market. If you found yourself in a very bad spot, hedge it and come back later. I wish one of those guys would read my thread and realize this is a perfect time to hedge and come back next year. Idiots. Sorry guys but I had to let out some steam. Merry Christmas.
TAKE PROFITS
aud/nzd +10
eur/gbp aud/usd I did not take either of these trades but they would be both around 15-30 pips
CLOSED FOR LOSS
 gbp/chf -18

OPEN TRADES
aud/cad -65 +13
eur/cad - 278 -154 +6
 eur/nzd - 144
eur/usd, -399 -279 -91
usd/chf -151 2l -86 3L +13
usd/jpy -79

TOTALS
total for day -8
+519 for the week
+1301 for the month
Carry over -1700

primary trades
BUYS
SELLS

Secondary trades
BUYS
SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
  • #823
  • Dec 20, 2009 7:56pm Dec 20, 2009 7:56pm
I wrote this on the other thread but not this one. Beware of NZD cross pairs. They have a history of big spikes during Christmas and New Years. I dont even bother trading them. What I mean by a spike is a move of over 1000 pips in a few seconds. None of my EAs or strategies can protect you from these spikes so dont trade the NZD cross pairs. The reason is their liquidity goes to near zero during these two weeks and finding a buyer or seller can take a while.
  • #824
  • Dec 20, 2009 11:00pm Dec 20, 2009 11:00pm
Merry Christmas, In the last 10 days eurusd and other currences had it's own strong trend and always followed the trend going on ,follwing this counter-trend trading systerm, I lost a lot pipes
Maybe this counter-trend trading systerm can not do well in this strong trend.
How can we avoid this weakness?
Could we take cci indictor into this systerm to help we do better in strong trend?

my english is not so good as my chinese,could you mean what i say?
  • #825
  • Dec 21, 2009 1:12am Dec 21, 2009 1:12am
"I wrote this on the other thread but not this one. Beware of NZD cross pairs. They have a history of big spikes during Christmas and New Years. I dont even bother trading them. What I mean by a spike is a move of over 1000 pips in a few seconds. None of my EAs or strategies can protect you from these spikes so dont trade the NZD cross pairs. The reason is their liquidity goes to near zero during these two weeks and finding a buyer or seller can take a while."

Bob,

I still open NZD/USD, buy and minus 78 pips...
So recommended to close or when exact date to concern before closing?
I am on live mode.

Any recommend also on EUR/USD since I am on 3L and still negative...

Thx, Jopie
  • #826
  • Dec 21, 2009 1:22am Dec 21, 2009 1:22am
hi nanning,

Whats your biggest drawdown percentage in account you had to absorb
when you decided to close those trade.?

Whats your average percentage gain in account for most trade?

thanks

regards
jin
  • #827
  • Dec 21, 2009 6:56am Dec 21, 2009 6:56am
Hai.. Trading style is nice. I might not fully use your system, because I'am fully trend follower & swinger , but your way of using combination indicators is just giving me new idea. Thank's for sharing..!! Great system.
  • #828
  • Dec 21, 2009 7:45am Dec 21, 2009 7:45am
Quoting jinsen
hi nanning,

Whats your biggest drawdown percentage in account you had to absorb
when you decided to close those trade.?

Whats your average percentage gain in account for most trade?

thanks

regards
jin
If you follow my rules on the 2.4.2 recovery system the deepest I go on a level is around 400 pips. At that point I only close the 1st level trade and then add a new third level trade. I dont go any deeper than that. You can do the math as far as lot size and percentage of account. When I start to hit 3rd level trades I want to be 15% or less on my account. When I get to the 4th level (remember I am dropping the 1st level at that point) I dont want to be more than 20% of my account. If you are hitting higher than that then you are playing with too big of a lot size or playing with too many currency trades at one time. My totall DD for all my trades I try to keep under 1500 but that is not always possible. When I get 2500 I know I should be dropping some of my worst trades. So whatever math and leverage you need should stay in those ranges. Except on really long runs (like the eur/usd and usd/chf are doing now) I generally stay well under 1000 on my DD. 1000 DD may sound like a lot but in reality I have seen that disappear in 1-2 days when price reverses. Even as a trend trader you could probably adapt my 2.4.2 recovery system into your system. I like it so much better than using stop losses. I use S/R lines on a 4H or 1D to make my decisions on where to put my extra levels with my spacing being around 200 pips apart.
  • #829
  • Dec 21, 2009 7:49am Dec 21, 2009 7:49am
Quoting kissaki
Hai.. Trading style is nice. I might not fully use your system, because I'am fully trend follower & swinger , but your way of using combination indicators is just giving me new idea. Thank's for sharing..!! Great system.
You can try trading when white is above red and blue BUY and when it is below SELL with your present system and probably make something work. I am just a contrarian trader, thinker, I just seem to trade better that way.
  • #830
  • Dec 21, 2009 8:02am Dec 21, 2009 8:02am
Quoting jopie
"I wrote this on the other thread but not this one. Beware of NZD cross pairs. They have a history of big spikes during Christmas and New Years. I dont even bother trading them. What I mean by a spike is a move of over 1000 pips in a few seconds. None of my EAs or strategies can protect you from these spikes so dont trade the NZD cross pairs. The reason is their liquidity goes to near zero during these two weeks and finding a buyer or seller can take a while."

Bob,

I still open NZD/USD, buy and minus 78 pips...
So recommended to close or when...
I am in the Eur/usd trade now and willl drop my first level and add a 4th like my 2.4.2 recovery system requires if price does another drop. That 1st level drop is one of my rare losing trades I take now and then. I usually have to do that maybe 1 or 2 times a month while trading. The NZD trade you want to be out of before the 24th. That is the day I have seen the biggest spikes in that currency. Understand that may not happen this year, it didnt last year but it has happened in the past. So no panic time yet unless you just want to play it safe.

I see you probably took it as a secondary trade and it wasnt a bad decision on your part at all. You should be able to get out with a small profit or break even soon, I would think.
  • #831
  • Dec 21, 2009 10:07am Dec 21, 2009 10:07am
Thanks nanning for your reply.

I just trying how i can incorporate your money management into my current trading systems. I current trading only resistance and support.
Seldom on the trendline as sometimes i saw alot of trendline is broken just to test the support and resistance. So i had higer respect for R and S compared to trendline.

I not too sure whether i should incorporate 400 pips into it.
In between the 200 and 400 pips. The market does give some breathing space to breakeven, minimum loss or maybe some profit.(provided your lots changed).

I need to backtest gain. So far my forward trading is ok. thanks
  • #832
  • Dec 21, 2009 11:30am Dec 21, 2009 11:30am
I currently have 13 open orders,of which one is on postive side, and 16 closed orders of which 6 are postive..if my math is correct this is less than 25% win ratio??? I'm pretty sure I'm doing everything according to the instructions...Loading the buy/sell template is the same as loading the buy/sell indicators???
  • #833
  • Dec 21, 2009 6:36pm Dec 21, 2009 6:36pm
Quoting sfg7th
I currently have 13 open orders,of which one is on postive side, and 16 closed orders of which 6 are postive..if my math is correct this is less than 25% win ratio??? I'm pretty sure I'm doing everything according to the instructions...Loading the buy/sell template is the same as loading the buy/sell indicators???
I have no idea what you are talking about or what you did. What do you mean you have 16 closed orders and only 6 are positive. I have never had a ratio like that?????
  • #834
  • Dec 21, 2009 6:51pm Dec 21, 2009 6:51pm
Slowly fading here. I probably will do something with one or two levels of the eur/usd today. Other than that I expect price to just bounce in a small range and will try to scalp some trades. If I can get another usd/chf to profit 50 pips I will take out my level one and just have one level open. If the eur/usd breaks support I will close my level 1 trade.

TAKE PROFITS
usd/chf +41
CLOSED FOR LOSS
 eur/nzd - 12

OPEN TRADES
aud/cad -212 -137 -22
eur/cad - 349 -225 -65
 eur/usd, -437 -317 -130
usd/chf -187 2l -122 3l 0
usd/jpy -155 2L 0

TOTALS
total for day +29
+29 for the week
+1330 for the month
Carry over -2358

primary trades
BUYS
SELLS

Secondary trades
BUYS
SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
[/quote]
  • #835
  • Dec 22, 2009 5:40am Dec 22, 2009 5:40am
I had plans to 242 the Eur/Cad today. I had a stop loss set on L1 and a limit order to open when L1 was stopped out. I failed to remove the EA from the chart so when L1 stopped out , EA closed all three levels. Remember, if EA closes one trade , it will close all trades for that pair.
  • #836
  • Dec 22, 2009 8:22am Dec 22, 2009 8:22am
Based on Toothman"s post I must have left the EA turned on and where there were multiple orders it closed all of them??? I currently have 15 orders open, of which two were opened manually by me. There is only one (1) order that is in postive terittory..
  • #837
  • Dec 22, 2009 5:28pm Dec 22, 2009 5:28pm
Yuck. I know I still didnt want to be trading at this time but time to stay within the system and take some hits. First month I have taken 3 losing trades. Wiped out my profit for the month so hopefully prices will finally settle and get back to moving around some. eur/usd in its 20th day of no major retrace, Boy where are the pro EURO dump the dollar guys now???? Dont expect price to do much of anything until after Christmas or even New Year. Wish I could just hedge all of this and come back in January. Dang NFA.
TAKE PROFITS

CLOSED FOR LOSS
 eur/usd -488
eur/cad - 494 -390
OPEN TRADES
aud/cad -301 -223 -104
eur/cad -211 -2
 eur/usd, -351 -161
usd/chf -217 2l -152 3l -33
usd/jpy -235 2L -82

TOTALS
total for day -1372
-1347 for the week
+42 for the month
Carry over -2070

primary trades
BUYS
SELLS

Secondary trades
BUYS
SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
[/quote][/quote]
  • #838
  • Dec 23, 2009 4:54pm Dec 23, 2009 4:54pm
Continue to exit some positions and bring my DD down. December maybe the only month I take a loss this year. Still up +31 for the month will see if I can hang on to it. I will not post any more results until next Tuesday. I will not be taking any new positions and will see if I can lessen my DD next week. I dont want to be holding any trades going into the New Year runs.
TAKE PROFITS

CLOSED FOR LOSS
 usd/chf 2l -65 3l +54
OPEN TRADES
aud/cad -357 -279 -160
eur/cad -255 -46
 eur/usd, -270 -80
usd/chf -130
usd/jpy -214 2L -61

TOTALS
total for day -11
-1358 for the week
+31 for the month
Carry over 1692

primary trades
BUYS
SELLS

Secondary trades
BUYS
SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
[/quote][/quote][/quote]
  • #839
  • Dec 23, 2009 5:45pm Dec 23, 2009 5:45pm
BOB,

I hope you and the contributors of this thread have a merry xmas and hope new year is full of joy, happiness and best of health for you guys and your loved ones.

Relax, chill out and enjoy life.

kind regards
astral77
  • #840
  • Dec 23, 2009 7:56pm Dec 23, 2009 7:56pm
Merry Christmas to all of you.
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