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  • #4,201
  • Feb 9, 2011 7:14am Feb 9, 2011 7:14am
Quoting nomask
I'd have probed on it if i had it open in my mt4 and i was not sleeping at that time.
Thanks for the reply and the charts nomask.

I have another question, but in regards to equity curves. As I study many of the older posts again, I am realizing that I do not have a full grasp of this term. It's used many times in relation to diversification and taking profit, and I do know the definition of the word, I am just trying to fully understand it in the context of this thread.

Thanks in advance for anyone who can enlighten me on the subject, I hope this question isn't too vague.

Sincerely,

JCPFX
  • #4,202
  • Edited Feb 10, 2011 12:10am Feb 9, 2011 1:01pm | Edited Feb 10, 2011 12:10am
Quoting Jcpfx
Thanks for the reply and the charts nomask.

I have another question, but in regards to equity curves. As I study many of the older posts again, I am realizing that I do not have a full grasp of this term. It's used many times in relation to diversification and taking profit, and I do know the definition of the word, I am just trying to fully understand it in the context of this thread.

Thanks in advance for anyone who can enlighten me on the subject, I hope this question isn't too vague.

Sincerely,

JCPFX
Lets say you have initial 50.000 usd capital and started to probe for your long term legs and spent like 1000 usd to have like 4 legs being survived...
As the smallest one of your legs reached to 1500 pips then you would like to close it to recover your capital and add some small profit on top making your realized capital 50.500 usd..so you would get all your losses covered and legs moving..even if your legs turned as b.e after this point you'd still make small profit to curve your equity..
don't know if i made sense but sounded good to meespecially the part with 1500 pips to close and 3 more to let them run...
very exciting
  • #4,203
  • Edited 2:11pm Feb 9, 2011 1:31pm | Edited 2:11pm
Quoting nomask
Lets say you have initial 50.000 usd capital and started to probe for your long term legs and spent like 1000 usd to have like 4 legs being survived...
As the smallest one of your legs reached to 1500 pips then you would like to close it to...
calling nomask and all gurus on this thread! Did a lot of aggressive stacking on EU today. Please feel free to provide constructive criticism and advice on next steps. It's like the TV show "WHat Would You Do?"

p.s. I learnt a lot from this stacking episode.

EDIT: Removing attachment and putting new doc in previous MS Word version in my next post.
Staying in my lane...
  • #4,204
  • Feb 9, 2011 1:45pm Feb 9, 2011 1:45pm
Quoting VEEFX
calling nomask and all gurus on this thread! Did a lot of aggressive stacking on EU today. Please feel free to provide constructive criticism and advice on next steps. It's like the TV show "WHat Would You Do?"

p.s. I learnt a lot from this stacking episode.

I cant open the doc for some reason vee
  • #4,205
  • Feb 9, 2011 2:07pm Feb 9, 2011 2:07pm
Quoting VEEFX
calling nomask and all gurus on this thread! Did a lot of aggressive stacking on EU today. Please feel free to provide constructive criticism and advice on next steps. It's like the TV show "WHat Would You Do?"

p.s. I learnt a lot from this stacking episode.
Hello Veefx,

I would ask you a question on a suggestion on what you want to do. The real question is, how strong is your conviction that your hind sight is right? How much pain are you willing to accept? If you honestly believe in your hindsight and willing to endure some pain, then you should stay in.

From what I'm seeing it looks like you are not too far in trouble on any one trade. So I would determine what price you think the markets will continue to keep going up and if they go any further get out.

Questions:
Do you think the market will turn? (logical reasons not hope)
Will this turn occur before your DD gets beyond your limits?
Is the cost per trade within your set risk limits?
Is this something you can emotionally handle?

If you answer no to any of these questions close them out now, get a good nights sleep, you can always reenter the market at a different time. Remember, this is how I trade and what keeps me mentally stable (as stable as I can be) and I am different from you.

Another question for you, what have you learned from this day?
A woman drove me to drink, and I forgot to thank her
  • #4,206
  • Feb 9, 2011 2:10pm Feb 9, 2011 2:10pm
Quoting geoffrod
I cant open the doc for some reason vee
here you go... in previous Word version.... still glued to my desk and alert set.

Still no SL set for all these trades but have a emergency 'close all' alert level in place.
Attached File(s)
File Type: doc EURUSD M5 Stack Entries.doc   771 KB | 905 downloads
Staying in my lane...
  • #4,207
  • Feb 9, 2011 2:13pm Feb 9, 2011 2:13pm
Quoting nomask
Lets say you have initial 50.000 usd capital and started to probe for your long term legs and spent like 1000 usd to have like 4 legs being survived...
As the smallest one of your legs reached to 1500 pips then you would like to close it to...
Yes, this helps to clarify as I move forward through the older posts, thanks again for your input!
  • #4,208
  • Feb 9, 2011 2:54pm Feb 9, 2011 2:54pm
Quoting VEEFX
here you go... in previous Word version.... still glued to my desk and alert set.

Still no SL set for all these trades but have a emergency 'close all' alert level in place.
First, thanks for putting up your trades VeeFX. Sometimes critiquing someone else's trades can give that objectivity that looking at your own just doesn't.

I'm with you on the downward bias. We are around 61.8% of Weekly PB, not much price action on Daily or 4hr, but 1hr has a FB and some inside bars that might go our way.

My two bits re your stacking (and of course take this with a hefty grain of salt) is that after your stacking you had two very big up bars that went against you. Which if you had moved most of your stacking to BE would have had you out at minimal loss and then back in again when price action suggest on the 5min. So it's all a question of risk tolerance: if things go your way, you will have a nice set of stacks, if not you'll have lost 7 stacks.

Does this approach, however give you minimal risk entries? It is more frustrating to have all your stacks out at BE, but in the long run will this risk minimisation increase your profits? Is it better to pay more attention to the price action on the 5min even though you are aiming at the higher time frame?

Having said all that, I think the way you stacked was excellent. Personally I like to think I would have moved most to BE and exited as soon as it started moving against me on the 5 min. (but I was asleep and just woke up, and have added one short just now, in a little breakout.) And I most certainly have held on to a nice set of stacks even though 5min price action was suggesting a reversal...it was just that those stacks were so nice...

Cheers
SJB
  • #4,209
  • Edited 7:12pm Feb 9, 2011 2:56pm | Edited 7:12pm
Quoting cameron1st
Hello Vee,

For me just because price reached a certain area on the Monthly doesn't mean much: I want to see signs of the up movement slowing down like doji candles, small body candles, long upper wicks in a row...I want to see prices having difficulties going higher, but not directly on the 5m chart. If we are talking about a potential Monthly setup, like prices reaching the open of the previous month, you want to see a bounce starting on the Monthly, then zoom in to like Weekly/4h etc. What I'm trying to say is that perhaps Monthly chart and...
Thanks Cam and Simpleguy for your quick response. It's definitely not a Monthly to M5 inception. Here's my extra strong convention why price 'needs' to drop below open price.

Let's look at Monthly (level0)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-MN zoomed out.jpg Size: 81 KB


Let's look at weekly (level1) now... 1.3860 is my emergency stop/close all level. Here's why:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Weekly zoomed out.jpg Size: 99 KB


Let's look at Daily (level2) now:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Daily zoomed out.jpg Size: 107 KB


Let's look at H4 (level3) now:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H4 zoomed out.jpg Size: 69 KB


further conviction on H1 (level4):
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1 zoomed out.jpg Size: 109 KB


Hence the reason for no SL and continuos and aggressive stacking style. Good feedback. Please keep them coming for the benefit of all.

p.s. Not sure what Graeme would have to say about this....especially if he would have taken this Stack #5 @ 1.3715 ???? I really hit myself hard as this came from my old countertrend trading style and I am forcing myself to forget everything I used to do when trading with this method. According to PA rules, I should have closed few trades instead of continuing to stack !
Staying in my lane...
  • #4,210
  • Feb 9, 2011 3:02pm Feb 9, 2011 3:02pm
Quoting Sjb944
First, thanks for putting up your trades VeeFX. Sometimes critiquing someone else's trades can give that objectivity that looking at your own just doesn't.

I'm with you on the downward bias. We are around 61.8% of Weekly PB, not much price action on Daily or 4hr, but 1hr has a FB and some inside bars that might go our way.

My two bits re your stacking (and of course take this with a hefty grain of salt) is that after your stacking you had two very big up bars that went against you. Which if you had moved most of your stacking to BE would have...
Hi SJB,

I completely agree. I SHOULD have closed some and moved the rest to BE. I got emotionally vested in these trades! Perhaps it was not a well thought out entry and I have just arrived at my desk when I took stack #5... something I will have to avoid as M5 required huge concentration and personal sacrifice for the greater reward. Still debating if trading @ M5 level is right for me but it is awesome to get in tune with the market and see PA in real time.

Time will tell if this was all worthwhile.
Staying in my lane...
  • #4,211
  • Feb 9, 2011 10:12pm Feb 9, 2011 10:12pm
Quoting VEEFX
here you go... in previous Word version.... still glued to my desk and alert set.

Still no SL set for all these trades but have a emergency 'close all' alert level in place.
Hi VEEFX

What you did there is easy to recognise for me - in me. I used to do similar things and I need to force myself not to do it. At the time of writing this response you would have most of them in a much better shape because something like retracement in a temporary (?) uptrend just took place. (Or it is the cont. of the down trend?)
There is a level of 3680 on your chart. That was respected nicely, than was broken through. It is sure a temporary level in the market but look at it.
If that weekly doji was to play out in a super way, we would be lower already. Somehow it does not want to give in. Maybe it will, but before you stack a lot, perhaps you will want to move some to min BE - as the other traders pointed out. Because you did not stack on a very volatile break out after all.

By the way, I like your work you did with Greame not long ago.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Feb. 10 07.03.jpg Size: 77 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Feb. 10 07.05.jpg Size: 135 KB


Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Feb. 10 07.08.jpg Size: 119 KB
Kind Regards zol
  • #4,212
  • Feb 9, 2011 11:47pm Feb 9, 2011 11:47pm
Quoting zoli
Hi VEEFX

What you did there is easy to recognise for me - ... out. Because you did not stack on a very volatile break out after all.
....
Thanks Zoli. Quick update.... all my stacks are currently in profit. stacking continues....
Attached Image (click to enlarge)
Click to Enlarge Name: Snap10.jpg Size: 147 KB


EDIT: Still no SL set. watching with finger ready to close some out. Might put the rest to BE (or partial close and add to SL level) before I go to bed in 20 mins.
Staying in my lane...
  • #4,213
  • Feb 9, 2011 11:54pm Feb 9, 2011 11:54pm
Veefx,

Looks like you may have had everything turn out okay in the end.

Would like to know your thoughts on the whole situation now that you have slept on it and time to digest what happen.

Simple
A woman drove me to drink, and I forgot to thank her
  • #4,214
  • Feb 10, 2011 12:21am Feb 10, 2011 12:21am
Hi Vee..thx for the doc. showing your trades...
I'll put my analysis here shortly about eurusd at the time when you were shorting..but for an instant note i can say what you tried to do is very hard to achieve because i tried to do the same thing while ago in my journey but i found that I needed some realistic transition between such different time frames..I mean i couldn't successfully trade my monthly bias on 5 min t.f directly..I always needed daily or 4hr alignment with my monthly or weekly t.f to enter/stack on my 5 min..
  • #4,215
  • Feb 10, 2011 12:25am Feb 10, 2011 12:25am
Quoting simpleguy
Veefx,

Looks like you may have had everything turn out okay in the end.

Would like to know your thoughts on the whole situation now that you have slept on it and time to digest what happen.

Simple
Party has just begun.... I wish I could stay up for another few hours. It's past midnight here.

Quick Update: All positions that are 20+pips in profit are moved to BE,
total realized loss= -20pips
one in TP of 28 pips to diversify and add some to my account balance.
Attached Image (click to enlarge)
Click to Enlarge Name: Snap15.jpg Size: 159 KB
Staying in my lane...
  • #4,216
  • Feb 10, 2011 12:45am Feb 10, 2011 12:45am
Quoting VEEFX
Party has just begun.... I wish I could stay up for another few hours. It's past midnight here.

Quick Update: All positions that are 20+pips in profit are moved to BE,
total realized loss= -20pips
one in TP of 28 pips to diversify and add some to my account balance.
Attachment
I'm glad it all worked out the way it did for you!
A woman drove me to drink, and I forgot to thank her
  • #4,217
  • Feb 10, 2011 12:52am Feb 10, 2011 12:52am
Quoting nomask
Hi Vee..thx for the doc. showing your trades...
I'll put my analysis here shortly about eurusd at the time when you were shorting..but for an instant note i can say what you tried to do is very hard to achieve because i tried to do the same thing while ago in my journey but i found that I needed some realistic transition between such different time frames..I mean i couldn't successfully trade my monthly bias on 5 min t.f directly..I always needed daily or 4hr alignment with my monthly or weekly t.f to enter/stack on my 5 min..
Thanks nomask. I will summarize my experience once my stacking episode comes to closure. I found selecting monthly 'area' or battle zone (even if it is a 100+pip range) helped me with my M5 entries. Surprisingly about 80+% of my entries were moving into 2+pip profit with a minute or two and before close of M5 candle. Not sure if it's because of strong Monthly resistance or was it because I was not setting SL in my entries. I think it might be lack of SL levels. Further trade statistics is required to come to any concrete conclusion imo.
Staying in my lane...
  • #4,218
  • Feb 10, 2011 12:52am Feb 10, 2011 12:52am
continuing of my last post....
thats what i posted while ago
http://www.screencast.com/users/noma...c-19d0e22cf5cf
so does this make me super duper analyser?
(I wish it did) but no i was just lucky with my hindsight and price did not have to follow my expectation..eventhough its currently playing as per my hindsight no guarantee it won't go against me after this point...
about Vee's shorts yesterday...Although they turned out profitable by now but this is how things were in my eyes at the time he was shorting...
http://www.screencast.com/users/noma...5-83461212339f
here is recap and my short
http://www.screencast.com/users/noma...e-02c09c80f7be
  • #4,219
  • Feb 10, 2011 12:57am Feb 10, 2011 12:57am
second short
http://www.screencast.com/users/noma...3-66d539062869
I'm not a heavy stacker like Graeme..I just need a reason for every single entry...This is how i feel more comfortable..
  • #4,220
  • Feb 10, 2011 12:59am Feb 10, 2011 12:59am
http://www.screencast.com/users/noma...a-afb4c6f88a84
and I hope with this setup it'll bring more people like trend line breakers to short more...
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