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Watch the rise (or fall) of a trader gone naked

  • #381
  • Edited Nov 16, 2010 1:33pm Nov 15, 2010 11:13pm | Edited Nov 16, 2010 1:33pm
Stop triggered @ 1.3622.

Loss: 0.0138 R*

*) R = Risk Unit. For example, if the maximum risk in this trade was $1000, the loss would be 0.0138 * $1000 = $13.8.
  • #382
  • Edited 1:35pm Nov 16, 2010 1:03am | Edited 1:35pm
Short @ 1.35876
Stop Loss @ 1.3656
R = 1.0 * IR (Initial Risk)
  • #383
  • Nov 16, 2010 3:56am Nov 16, 2010 3:56am
Stop Loss @ 1.3621
  • #384
  • Nov 16, 2010 6:37am Nov 16, 2010 6:37am
Stop Loss @ 1.3656
  • #385
  • Nov 16, 2010 9:30am Nov 16, 2010 9:30am
Stop Loss @ 1.3642
  • #386
  • Nov 16, 2010 9:31am Nov 16, 2010 9:31am
Great to hear Beam, good to see you back.

Quoting beam
I've made it past the first hurdle, or is the 10th...? I've got a profitable system! Can you believe that?! Oh it feels so good!

It's totally technical, no discrete decisions at all, and no fundamentals. Backtested the s**ker for 10 years, and yes, it's got drawdowns, but nothing good old MM can't take care of. Been trading it for a while now, and it has brought 11% to my account.

Naturally, there are no guarantees that it'll continue to be profitable, but the odds are good. It has got a few crucial compontents. It's also simple and straightforward....
  • #387
  • Nov 16, 2010 11:04am Nov 16, 2010 11:04am
Quoting sam0182
Great to hear Beam, good to see you back.
Thanks sam! It's good to be back.
  • #388
  • Nov 16, 2010 3:19pm Nov 16, 2010 3:19pm
Stop Loss @ 1.3587
  • #389
  • Nov 17, 2010 2:02am Nov 17, 2010 2:02am
Stop Loss @ 1.3516
  • #390
  • Nov 17, 2010 3:24am Nov 17, 2010 3:24am
Stop triggered @ 1.3516.
Profit 1.0468 R
Total Result 1.0330 IR
  • #391
  • Nov 17, 2010 12:06pm Nov 17, 2010 12:06pm
Short @ 1.35311
Stop Loss @ 1.3565

R = 1.05 IR
  • #392
  • Nov 17, 2010 4:10pm Nov 17, 2010 4:10pm
Closed @ 1.35279
Profit 0.0844 R = 0.0886 IR

Total result 1.1216 IR
  • #393
  • Nov 18, 2010 11:06am Nov 18, 2010 11:06am
Long @ 1.36273
Stop Loss @ 1.3582

R = 1.05 IR
  • #394
  • Nov 19, 2010 12:01am Nov 19, 2010 12:01am
Stop Loss @ 1.3607
  • #395
  • Edited 5:02am Nov 19, 2010 5:01am | Edited 5:02am
Closed @ 1.37192

Profit 1.8735 R = 1.9672 IR
Total result +3.0888 IR
  • #396
  • Nov 19, 2010 5:03am Nov 19, 2010 5:03am
Have a nice weekend
  • #397
  • Nov 22, 2010 4:52pm Nov 22, 2010 4:52pm
Hi *,

I've finally got time to explain the "system" I follow on the 1H. Not in great detail... but anyway... This is better than nothing, I guess.

The blue line is a 24MA and the brown one is a 48MA.

On the first chart you can see the trend change within the black ellipse. Price breaks down through both MA's. When that happens I wait for the first pullback.

In the blue ellipse there's a green candle near the fast MA and a red candle next to it. Those two candles indicates the end of the pullback and I would take a short position, preferably at the close of the red candle. The initial stop loss is 1 pip above the new swing high.

I then move the stop for each lower swing high (orange). As a consequence, I get stopped out at the yellow ellipse.
Attached Image


The next chart is a continuation of the previous one (this actually took place recently). After I get stopped out, price continues up to the slow MA and turns back down -> new entry.
Attached Image


Another trend change. I enter short when price turns back down from the slow MA. But then it turns back up from the fast one. I then close the trade manually because of a possible change of trend.
Attached Image


This very moment there has been another trend change. I'm waiting for the end of the first pullback.
Attached Image


I also seek guidance from the Daily chart, I'll describe how later on.

Regards,
beam

PS. This is not at all a new "system". It's simply PA together with a couple of indicators. DS.
  • #398
  • Nov 22, 2010 6:01pm Nov 22, 2010 6:01pm
Short @ 1.36027
Stop Loss @ 1.3633

Just a reminder. I don't want anyone to follow my trades. If you can learn something from this thread, that's fine, but don't follow these "signals".

beam
  • #399
  • Nov 23, 2010 1:04am Nov 23, 2010 1:04am
Stop Loss @ 1.3606.
  • #400
  • Nov 23, 2010 6:32am Nov 23, 2010 6:32am
Stop Loss @ 1.3599
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