Anyone watching the PB on the 1H-TF of the E-Y, nice PB off the BRN 11000. FTA at about 10950 ?
May the force be with you,
May the force be with you,
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Pipcrawler
james16 Chart Thread
- #71,902
- Aug 17, 2010 6:47am Aug 17, 2010 6:47am
hey, pinbar, sounds like you start trading your real account now, that's a big step forward, congratulations
jeurre
jeurre
Hey SC......How come you are coming over so heavy on this subject.
It was a reasonable trade in IMHO opinion, even Jaroo liked it.
I managed it as well as possible, I see nothing unreasonable about the trade MM. In fact, I think it was a good trade.
We can not expect every trade we take to be a winner, all we can do is manage our risk and take reasonable trades & learn from the losers.
This is exactly what I am trying to do.
I only mentioned the percentage of draw down as Jarroo was a bit concerned I may be trading too large a percentage...
- #71,904
- Aug 17, 2010 7:10am Aug 17, 2010 7:10am
jarroo, 70% win ratio, only 10 trades in 3 months is overtrading? 
i got 70% ROI in 3 months too, but, hundreds trades, that sounds like overtrading, my win ratio has been terriblely low, i guess about 50%, the return relies mostly on a couple of heavy position, a bit lucky here. almost lost faith to some extent in recent days, particularly after i saw this report
http://www.smartmoney.com/investing/...estors/?page=3
9% average return each year bits 96% of her peers, and this makes her world greatest investor. what can we small retailors do ?
jeurre
i got 70% ROI in 3 months too, but, hundreds trades, that sounds like overtrading, my win ratio has been terriblely low, i guess about 50%, the return relies mostly on a couple of heavy position, a bit lucky here. almost lost faith to some extent in recent days, particularly after i saw this report
http://www.smartmoney.com/investing/...estors/?page=3
9% average return each year bits 96% of her peers, and this makes her world greatest investor. what can we small retailors do ?
jeurre
Sounds great Pb. You may want to rethink your percentage, looks like you may be overtrading a bit.
- #71,905
- Aug 17, 2010 7:13am Aug 17, 2010 7:13am
- | Commercial User | Joined Aug 2006 | 12,004 Posts
jarroo, 70% win ratio, only 10 trades in 3 months is overtrading?
i got 70% ROI in 3 months too, but, hundreds trades, that sounds like overtrading, my win ratio has been terriblely low, i guess about 50%, the return relies mostly on a couple of heavy position, a bit lucky here. almost lost faith to some extent in recent days, particularly after i saw this report
http://www.smartmoney.com/investing/...estors/?page=3
9% average return each year bits 96% of her peers, and this makes her world greatest investor....
That is on much larger sums of money. It is a very different game at those figures.
Would you rather make 50% ROI on 50,000 or 9% on 1 billion
10 trades in 3 months doesn't sound like over trading to me
That is on much larger sums of money. It is a very different game at those figures.
Would you rather make 50% ROI on 50,000 or 9% on 1 billion
- #71,908
- Aug 17, 2010 7:44am Aug 17, 2010 7:44am
mike, do you think 50% ROI can be made constantly on whatever amount of small capital? my thinking is if one can make 50% return on 50,000, with this skill set, he/she could make the same on compounding rate, that being said, he/she should be able to do the same on large fund. simply could not figure out the difference. people will say, retailors have much more flexibilities managing their positions,however, think about this, small retailors working on the daily for instance, the big funds and bankers look at the weekly and monthly, is that enough for them to get the enough of liqidity and relatively same level of flexibility to scale in their positions? i raised this doult after seeing something happened in another big thread on FF, what the hell is going on in the reality 
sorry for bringing this up, just feel a bit confused .
jeurre
sorry for bringing this up, just feel a bit confused .jeurre
10 trades in 3 months doesn't sound like over trading to me
That is on much larger sums of money. It is a very different game at those figures.
Would you rather make 50% ROI on 50,000 or 9% on 1 billion
- #71,909
- Aug 17, 2010 7:47am Aug 17, 2010 7:47am
jarroo, 70% win ratio, only 10 trades in 3 months is overtrading?
i got 70% ROI in 3 months too, but, hundreds trades, that sounds like overtrading, my win ratio has been terriblely low, i guess about 50%, the return relies mostly on a couple of heavy position, a bit lucky here. almost lost faith to some extent in recent days, particularly after i saw this report
http://www.smartmoney.com/investing/...estors/?page=3
9% average return each year bits 96% of her peers, and this makes her world greatest investor....
His later post stated that he meant it sounded like PB was trading more than 2%. Not that he was taking too many trades.
- #71,914
- Aug 17, 2010 8:08am Aug 17, 2010 8:08am
- | Joined Jan 2009 | Status: Trader | 1,067 Posts
OK surely someone can find me a A+ trade to take ? 
Spotted this pinbar in my Dealbook platform. It looks a bit different in MT4 though. I believe it could drop down to 1,2825 (first target). Round number (1,2900) and 38,2 fib retracement could be a decent S/R area. What I don't like here is a bit choppy market and not really much space under the PB. Might enter on 23,6 fib retracement if the price goes down. Your opinion?
