I sure did....and of course I exited near'ish to the HOD. One more level of rescue would have saved the trade, but it was already past 4am my local time and my brain power could not concentrate anymore so I took the loss on L4 Rescue and realized my largest loss since 2008
- #4,082
- Oct 11, 2011 1:02am Oct 11, 2011 1:02am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi Donsky, what happen to you in Varengold challenge? I see you out of top 50 today but yesterday you were around number 12 positun. It would be good to hear your experience. Did you attack wrong way today and got hit by taiphoon?
yep, i'm still on he race... but i still have an open position... because i was hit by a runner ... and i cannot just exit my position... i hope i can get back in shape
but my wife still going strong... she really is in focus with the race... while i'm also trading my own account... i hope i can get back on the list today... but if not... probably not hehehehe...
good riddance!
eddy
Success consists of going from failure to failure without loss of enthusiam
Hi,
yep, i'm still on he race... but i still have an open position... because i was hit by a runner ... and i cannot just exit my position... i hope i can get back in shape
i hope i can get back on the list today... but if not... probably not hehehehe...
good riddance!
eddy
- #4,084
- Oct 11, 2011 1:42am Oct 11, 2011 1:42am
- Joined Oct 2007 | Status: Trader | 4,269 Posts
Hi,
yep, i'm still on he race... but i still have an open position... because i was hit by a runner ... and i cannot just exit my position... i hope i can get back in shape
i hope i can get back on the list today... but if not... probably not hehehehe...
good riddance!
eddy
Hi Eddy,
sad to hear about that.
But you are following a misunderstanding:
They build their statistics on the equity and not on the balance.
So open position are taken into consideration ...
However, I guess you will be able to come back into the top 20 at least. There are a lot of gmabler in there and they will never be able to achieve their unbelievable daily returns!
Good Luck!
CU,
Niels
- #4,085
- Oct 11, 2011 2:26am Oct 11, 2011 2:26am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi Eddy,
sad to hear about that.
But you are following a misunderstanding:
They build their statistics on the equity and not on the balance.
So open position are taken into consideration ...
However, I guess you will be able to come back into the top 20 at least. There are a lot of gmabler in there and they will never be able to achieve their unbelievable daily returns!
Good Luck!
CU,
Niels
Yep. I'm working it out
see you in the market
Success consists of going from failure to failure without loss of enthusiam
- #4,086
- Oct 11, 2011 5:57am Oct 11, 2011 5:57am
- | Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
- #4,093
- Oct 12, 2011 1:31am Oct 12, 2011 1:31am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi Piccolo and All!
I think your observation is very right!
And I also think there is one main reason for that:
Most of the followers try to avoid critical trading session. They try to do everything to be always on the right side of the market. Well that is not bad at all. But you have to train much more the situations that can kill you. You need a lot of experience to act in such stressful sitiuation like it is your second nature.
I know, a few people have been very irritated, when I stated in TAF, that from time to time I try to bring me...
what can i say
spot on mate Loosing is part of Winning...regards,
Eddy
p.s. my book is up and very healthy...
Success consists of going from failure to failure without loss of enthusiam
- #4,094
- Oct 12, 2011 1:33am Oct 12, 2011 1:33am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
I think one can not blame any trading method/style.
I can find thousands of posts where Fti (in TAF), and Dongsky (in this thread) have repeatedly told to "be nimble"!
Babysitting the trade, being nimble and "managing exposure" are the keys I guess!!
Thanks to Fti, Thanks a Ton Eddy!!!
and to you the same!because one is not actively posting live trades doesn't mean no longer exist...
... loosing... winning... i've been there, don'e that kinda thingy to me
regards,
eddy
Success consists of going from failure to failure without loss of enthusiam
- #4,095
- Oct 12, 2011 1:38am Oct 12, 2011 1:38am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
i was dancing to the long side yesterday... and will do the same today... might be scalping corrections... but my conviction is bull-day!
here's an overnight position... and just deployed scout.... first of sign of weaknes... i will bail out my overnight exposure...
here's an overnight position... and just deployed scout.... first of sign of weaknes... i will bail out my overnight exposure...
Success consists of going from failure to failure without loss of enthusiam
- #4,096
- Oct 12, 2011 2:02am Oct 12, 2011 2:02am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
for some reason i don't feel i'm in sync with the market... SQUARED!!! 3765
call it a day... need to go shopping..
call it a day... need to go shopping..
Success consists of going from failure to failure without loss of enthusiam
Hi, sorry but noone is blame the method. It's ok say be nimble and managing exposure but us newbies want to know how he was manage the underwater troops with rescues. Sorry I know he don't have to show but why have a public journal if not want to show the whole appraoch. I am really have interest in how he manage trades. We can learn from his big experience. I think he is very good trader and we can learn how he look after underwater troops. Hope for your understanding.
Sorry if I sounded the other way. Actually I am also learning like you, just by reviewing his journal. Since he is busy and not able to post his latest trades, I go back to page 1 and start over again.It took me a lot of time (months) to realize what Fti's method means. It also took months for me to understand a little of what Eddy is exactly doing and how he is doing. I don't claim that I know everything, but I have been trying to follow him and trade demo.
Read-Think-Experiment-Fail-Read-Think-Experiment..so on.
- #4,099
- Oct 12, 2011 3:59am Oct 12, 2011 3:59am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Hi, sorry but noone is blame the method. It's ok say be nimble and managing exposure but us newbies want to know how he was manage the underwater troops with rescues specially when rescues go wrong. Sorry I know he don't have to show but why have a public journal if not want to show the whole appraoch. I am really have interest in how he manage trades. We can learn from his big experience. I think he is very good trader and we can learn how he look after underwater troops. Hope for your understanding.
okay just for argument sake... i am posting an old trade i had... not so long ago... i was dancing... scaling in - scaling out (if you know what i mean) just following my MO...
13th of last month... in the middle of a heated battle...
i was heavily shorting EU pair... but after i thought a minor correction i deployed attackes again... on my L3 already...
but looking at strong levels, and strong rejections... i felt that the correction could probably stronger than i thought... therefore i cashed in some positions... i scaled down... leaving a scout...
and it wasn't that long... market proves me wrong... and proves what i felt was correct after all... then i waited patiently... for a rescue if need be...
saw few rejections... at a good level... i thought this could be it... most likely the bears were energized and ready to push... I deployed another attack after a strong bear candle...
and a bear pressure was present... so i add to my exposure... L3 that was...
.................
again, i just don't know how would you benefit with that... to each his own... we have different thinking process... and feel... during price gyration... we see price action differently and most likely we act differently...
we normally act accordingly to what we see... and what we believe price might do... and when we're right... we just ride the flow... but when wrong... cut short otherwise... rescue is the best option...
regards,
p.s. i always made a wrong call... but what is more important - how you managed it... within 10 trades in a day... 5 or 6 of those are wrong calls...
Success consists of going from failure to failure without loss of enthusiam
- #4,100
- Oct 12, 2011 4:18am Oct 12, 2011 4:18am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
Success consists of going from failure to failure without loss of enthusiam