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Trade What You See - Almost Naked Trading

  • #16,181
  • Jun 16, 2011 11:52pm Jun 16, 2011 11:52pm
Quoting CrucialCraig

Man oh man, what a bad week so far.

When am I going to get a break?? Basically 18 losses in a row (a couple were closed near BE)

If I were you I wont trade with this system. My demo trading results are bad too. 9 straight losses.

No one can explain the system thorougly. After opening the position a 30 pip stop loss is not reasonable. All pairs turn back at least 30 pips even after they go to right way. This is ridiculous.
Demand is not one wants, but what one can pay for
  • #16,182
  • Jun 16, 2011 11:57pm Jun 16, 2011 11:57pm
Quoting roterio
If I were you I wont trade with this system. My demo trading results are bad too. 9 straight losses.

No one can explain the system thorougly. After opening the position a 30 pip stop loss is not reasonable. All pairs turn back at least 30 pips even after they go to right way. This is ridiculous.
Hi Roterio ,

for how long have You been trying it on demo ?


Peter
Jesus Christ is my only Lord !
  • #16,183
  • Jun 16, 2011 11:59pm Jun 16, 2011 11:59pm
Quoting roterio
If I were you I wont trade with this system. My demo trading results are bad too. 9 straight losses.

No one can explain the system thorougly. After opening the position a 30 pip stop loss is not reasonable. All pairs turn back at least 30 pips even after they go to right way. This is ridiculous.
Hi Roterio,

I want to point out that I am still 10% up on my starting balance over a 3.5 week period, trading this system exclusively. 9 losses in a row is expected

I was up 27% and I'm only risking around 1% per trade.

Talk to me when you have 20 in a row!!!

In all seriousness, the reason is that 1 trade can easily make up for those 9 losses. We are going for the big profit here, so some drawdown is expected.

Not that i'm too pleased with my 13ish percent drawdown for the week!!
Enter Signature
  • #16,184
  • Jun 17, 2011 12:11am Jun 17, 2011 12:11am
Quoting roterio
If I were you I wont trade with this system. My demo trading results are bad too. 9 straight losses.

No one can explain the system thorougly. After opening the position a 30 pip stop loss is not reasonable. All pairs turn back at least 30 pips even after they go to right way. This is ridiculous.

Move on then. I'm up +1524 on this ridiculous system. That includes poor trading this week.
  • #16,185
  • Jun 17, 2011 12:28am Jun 17, 2011 12:28am
Until you learn how to lose, you cannot win, long term, as a trader.

Take your losses and then forget them. Get past them, recognize that they will happen a lot and learn to handle the one thing you are in complete control of.

  • #16,186
  • Jun 17, 2011 12:34am Jun 17, 2011 12:34am
Quoting gasservettes
Until you learn how to lose, you cannot win, long term, as a trader.

Take your losses and then forget them. Get past them, recognize that they will happen a lot and learn to handle the one thing you are in complete control of.



I would add - always use right MM to keep smileing even when losing

And try to support others when they do their best to help others as the Lady does.

Peter
Jesus Christ is my only Lord !
  • #16,187
  • Jun 17, 2011 12:51am Jun 17, 2011 12:51am
Quoting hipcio


I would add - always use right MM to keep smileing even when losing

And try to support others when they do their best to help others as the Lady does.

Peter
I agree about helping each other. Lawgirl has offered and showed us how to trade .May it be short-term or long-term & proven how each one is effective. She is one impressive mentor.
I have a feeling as sweet as she is in the tread that in the court of Law she is like a “Bulldog on a pork chop”! When it comes to winning a case.
  • #16,188
  • Jun 17, 2011 12:54am Jun 17, 2011 12:54am
Quoting gasservettes
I agree about helping each other. Lawgirl has offered and showed us how to trade .May it be short-term or long-term & proven how each one is effective. She is one impressive mentor.
I have a feeling as sweet as she is in the tread that in the court of Law she is like a “Bulldog on a pork chop”! When it comes to winning a case.

Jesus Christ is my only Lord !
  • #16,189
  • Jun 17, 2011 2:29am Jun 17, 2011 2:29am
Quoting roterio
If I were you I wont trade with this system. My demo trading results are bad too. 9 straight losses.

No one can explain the system thorougly. After opening the position a 30 pip stop loss is not reasonable. All pairs turn back at least 30 pips even after they go to right way. This is ridiculous.
I donīt understand, how this symple 3 tap h4 system could not be understood.

See RSI arrows pointing down, see three upper wicks in a row, go short, place SL above the wicks of the three candles. Wait to catch the trend.

Collect pips.
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  • #16,190
  • Jun 17, 2011 3:11am Jun 17, 2011 3:11am
Quoting peaches
I donīt understand, how this symple 3 tap h4 system could not be understood.

See RSI arrows pointing down, see three upper wicks in a row, go short, place SL above the wicks of the three candles. Wait to catch the trend.

Collect pips.
You are right peaches. It is different when we ous money tree with 3 tap h4. What I mean was only moneytree daily trading.

If you look at RSI, open trade at the start of daily bar and put a 30 pips stop loss as it is said in the first page, what I said is almost every pair goes back 30 pips and then continues to its own way. So it is too easy to be stopped out.

I repeat I only mean money tree method not the 3 tap.
Demand is not one wants, but what one can pay for
  • #16,191
  • Jun 17, 2011 3:36am Jun 17, 2011 3:36am
hey ...@ all whiners, dont understand what ur going for, u have to know what u want to trade and what a strategie is going for....i mean, MT will make many small losses and less BIG wins....a balance with that strategie could look like this....u have to handle it, or trade another startegie, easy game
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  • #16,192
  • Jun 17, 2011 3:38am Jun 17, 2011 3:38am
Quoting roterio
You are right peaches. It is different when we ous money tree with 3 tap h4. What I mean was only moneytree daily trading.

If you look at RSI, open trade at the start of daily bar and put a 30 pips stop loss as it is said in the first page, what I said is almost every pair goes back 30 pips and then continues to its own way. So it is too easy to be stopped out.

I repeat I only mean money tree method not the 3 tap.
i solved this problem - just open trades with time shift +1-2 hours.
  • #16,193
  • Jun 17, 2011 3:43am Jun 17, 2011 3:43am
Quoting roterio
You are right peaches. It is different when we ous money tree with 3 tap h4. What I mean was only moneytree daily trading.

If you look at RSI, open trade at the start of daily bar and put a 30 pips stop loss as it is said in the first page, what I said is almost every pair goes back 30 pips and then continues to its own way. So it is too easy to be stopped out.

I repeat I only mean money tree method not the 3 tap.
yes, now i understand. 30 pip on a daily might be to small. It works, if you got a perfect entry on lower timeframes. For daily trading (intraday) I use one candle lenght for SL, but that personal trading style.
  • #16,194
  • Jun 17, 2011 3:51am Jun 17, 2011 3:51am
Thanks everybody for your explanatory replies.
Demand is not one wants, but what one can pay for
  • #16,195
  • Edited 4:32am Jun 17, 2011 4:00am | Edited 4:32am
Quoting roterio
Thanks everybody for your explanatory replies.
no problem...but really, its very important that u know what u want to trade, analize strategies and then decide ....BUT , dont change ur strategies 2 quickly ....its a mental game!

for example:

............-- week1-- week2-- week3
strategie a ..- x%.... + x%.... + x%

strategie b ..+ x%.... - x%.... + x%

strategie c ..+ x%.... + x%.... - x%

in this example u start with strategie a , with loss in ur first week, u backtest the week and notice that strategie b made profit, so for the next week u change to b...next week b take loss and u change to c.....and so on....u see what could happen then.....
  • #16,196
  • Jun 17, 2011 8:08am Jun 17, 2011 8:08am
Great discussions everyone. I agree, this has not been a great week for MT...a better week for BOs and 3 Taps.

I was up 18% for the month and am now at 10%, but am not really discouraged. We are tryng to catch the start of a trend and if with what we are doing we haven't caught a trend...it only means it is not out there yet for us to catch....but it will be, because that's how the market works.
  • #16,197
  • Jun 17, 2011 8:13am Jun 17, 2011 8:13am
Nice BO, but indecision now.
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  • #16,198
  • Jun 17, 2011 8:17am Jun 17, 2011 8:17am
Chart
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  • #16,199
  • Jun 17, 2011 8:25am Jun 17, 2011 8:25am
Quoting peaches
I donīt understand, how this symple 3 tap h4 system could not be understood.

See RSI arrows pointing down, see three upper wicks in a row, go short, place SL above the wicks of the three candles. Wait to catch the trend.

Collect pips.
Yes, but your TL should be sloping down for a short entry, Peaches, not up as on your chart above. entry is good, but TL is other way around... just an observation
  • #16,200
  • Jun 17, 2011 8:28am Jun 17, 2011 8:28am
Took this H1 BO down to the support line.
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