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  • #161
  • Oct 11, 2011 1:42am Oct 11, 2011 1:42am
Trade # 9- Running

Adjusted miscalculation by decreasing positon size from 75 to 50 units and expanding TP and SL.
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The Thief of Wall Street
  • #162
  • Oct 11, 2011 6:52am Oct 11, 2011 6:52am
Quoting Chicky
Trade # 9- Running

Adjusted miscalculation by decreasing positon size from 75 to 50 units and expanding TP and SL.

Trade # 9- Running
(S)hit. Accidently closed this trade. Going back to bed. This trade does not count.
The Thief of Wall Street
  • #163
  • Oct 11, 2011 10:37am Oct 11, 2011 10:37am
Quoting Chicky
Trade # 9- Running
(S)hit. Accidently closed this trade. Going back to bed. This trade does not count.
.
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The Thief of Wall Street
  • #164
  • Oct 11, 2011 11:05am Oct 11, 2011 11:05am
Trade# 9A

Short for 60 pips
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The Thief of Wall Street
  • #165
  • Oct 11, 2011 11:30am Oct 11, 2011 11:30am
Quoting Chicky
Trade# 9A

Short for 60 pips
they say great minds think alike

same here.
tight sl of 18 pips on my side
damn psycho level on the job.
looking at slovaks too i doubt they would say yes.
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Have I got something on my face, SOLDIER?
  • #166
  • Oct 11, 2011 8:01pm Oct 11, 2011 8:01pm
Trade# 9A - Concluded

Manually closed. 1%
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The Thief of Wall Street
  • #167
  • Oct 11, 2011 9:30pm Oct 11, 2011 9:30pm
Quoting Chicky
Trade# 9A - Concluded

Manually closed. 1%
Cannot believe can make several mistakes in one trade. Trade #9 started with a miscalculation, then in the morning, half awake, accidently closed that trade instead of closing another trade on other account. Had to open its second leg i.e Trade #9A. Again miscalculating tp and sl (tp slightly more than $1.05) but sl way less than ($1.00). Forgot to adjust Trad# 9A for small gain already realized on Trade#9.

I am getting old.................................. but who is not?

ps- Off to gym until midnight (1 1/2 hours). Later.
The Thief of Wall Street
  • #168
  • Oct 11, 2011 11:57pm Oct 11, 2011 11:57pm
Trade#10

Short for 100 pips
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The Thief of Wall Street
  • #169
  • Oct 12, 2011 12:06am Oct 12, 2011 12:06am
Information
This is not some kind of a Trading Journal. Its a trading method thread. We are just trying to test application of a method described earlier in this thread. All recent posts are part of a demonstration showing how to apply that method.
The Thief of Wall Street
  • #170
  • Oct 12, 2011 12:14am Oct 12, 2011 12:14am
This is a sound trade old man IMO..lol. (I kid) Wish you luck. You can't complain from your last one as it was a winner. I truly enjoy your diligence and believe this method to be a winner, but personally go to BE.. ASAP( If i win I win, If I lose, I lose nothing)....

Gezz wish I made those bufas, your still in the green...GL!

Best Regards

Quoting Chicky
Trade#10

Short for 100 pips
  • #171
  • Oct 12, 2011 12:16am Oct 12, 2011 12:16am
Quoting Chicky
Trade#10

Short for 100 pips
uh huh.. well, dont doubt, in my analysis as well its possible for such a drop. (stop copying me..)
3700 is a major psychological level for the bears, and they controlled that area well.

i see you use oanda, with nano-lots. how far deep underwater can you go before a margin call?
here is chart with explanations:
Tredline is in desperate need of 3rd bounce, 261.8% held extremely well, (3700) any shorts should have a stop loss above that in my opinion, and its like a wall since yesterday.

good luck chiky

nice stop loss by the way. why rather not use one? its amazingly... wide.
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Have I got something on my face, SOLDIER?
  • #172
  • Oct 12, 2011 12:17am Oct 12, 2011 12:17am
Quoting Chillypiper
This is a sound trade old man IMO..lol. (I kid) Wish you luck. You can't complain from your last one as it was a winner. I truly enjoy your diligence and believe this method to be a winner, but personally go to BE.. ASAP( If i win I win, If I lose, I lose nothing)....

Gezz wish I made those bufas, your still in the green...GL!

Best Regards
Thanks for dropping by Chilly.

This is a long-term conservative method, focusing more on capital preservation than anything else. But, this is the best I can produce.

Thanks for your kind words.
The Thief of Wall Street
  • #173
  • Edited 1:03am Oct 12, 2011 12:43am | Edited 1:03am
Quoting bumapatria
uh huh.. well, dont doubt, in my analysis as well its possible for such a drop. (stop copying me..)
3700 is a major psychological level for the bears, and they controlled that area well.

i see you use oanda, with nano-lots. how far deep underwater can you go before a margin call?
here is chart with explanations:
Tredline is in desperate need of 3rd bounce, 261.8% held extremely well, (3700) any shorts should have a stop loss above that in my opinion, and its like a wall since yesterday.

good luck chiky

nice stop loss by the way. why...
Buma,

LOL. This method is not a method but most sound money management technique I could ever develop.

There is no concept of margin call in this "method". Logically, users of this method always remain 99 steps away from a margin call. I like Oanda's flexible trading options. These are not based on Lots but Units of currencies. There is no restriction if one wants to trade 1 Euro or 17,965 euros. There is no concept of standard, mini or micro lots. That helps setting sl and tp exactly any % of account balance (or world's population).

If one can produce a win:loss ratio of 60:40, even 40 consecutive losses would result in less than 40% decrease in account balance, 60% account balance still intact.

People can apply this technique to any trading method of their choice. There are only three primary requirements:

1. Risk not more than 1% of account balance just prior to taking trade
2. Reward about 1% of account balance just prior to taking trade
3. Pray for Chicky (If you don't do that, this system will still work)
The Thief of Wall Street
  • #174
  • Oct 12, 2011 3:22am Oct 12, 2011 3:22am
Trade#10 - Concluded

SL Hit. -1%
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The Thief of Wall Street
  • #175
  • Oct 12, 2011 3:37am Oct 12, 2011 3:37am
Trade#11 - Entered

Short for 60 pips
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The Thief of Wall Street
  • #176
  • Oct 12, 2011 4:17am Oct 12, 2011 4:17am
hey wall steet thief.....good morning sir.....
i was wondering how many good trade vs the bad trade do you make in a year?
for example if you risk 1% on every trade, how many percent would your balance be at the end of the year?
  • #177
  • Oct 12, 2011 7:41am Oct 12, 2011 7:41am
Quoting Chicky
Trade#11 - Entered

Short for 60 pips
chicky, may i know why you have choose 3802 as sl vs 352x (above r3), thanks
i have assumed you took the trade after rejection at 3816


shotunz,

this a new trading stagy testing , last one was 11th trade
Mohan
  • #178
  • Oct 12, 2011 11:07am Oct 12, 2011 11:07am
Quoting Chicky
Trade#11 - Entered

Short for 60 pips
Trade#11 - Concluded

SL Hit. -1%
The Thief of Wall Street
  • #179
  • Oct 12, 2011 11:10am Oct 12, 2011 11:10am
Trade#12 - entered
Short for 100 pips
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The Thief of Wall Street
  • #180
  • Edited 11:31am Oct 12, 2011 11:12am | Edited 11:31am
Quoting mohan76
chicky, may i know why you have choose 3802 as sl vs 352x (above r3), thanks
i have assumed you took the trade after rejection at 3816


shotunz,

this a new trading stagy testing , last one was 11th trade
I had a resistance there. But it didn't respect that resistance.
In another chart I have a resistance at 1.3838 therefore entered Trade#12.

I try to catch bounces and therefore many times have to trade against the trend.

ps - No I took the trade soon after it broke 1.3700 thinking it would revisit that area.
The Thief of Wall Street
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