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  • #281
  • Nov 3, 2011 8:36pm Nov 3, 2011 8:36pm
Trade#20 - Entered

Long for 150 pips
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The Thief of Wall Street
  • #282
  • Nov 3, 2011 9:06pm Nov 3, 2011 9:06pm
Time to enjoy (remaining) life. Off to gym for 2 hours.
The Thief of Wall Street
  • #283
  • Nov 3, 2011 10:01pm Nov 3, 2011 10:01pm
Quoting Chicky
Time to enjoy (remaining) life. Off to gym for 2 hours.
2 hours gym a day

this must be your body

http://bodybuildingmantra.com/wp-con...ain_Full12.jpg
Mohan
  • #284
  • Nov 3, 2011 11:25pm Nov 3, 2011 11:25pm
Quoting mohan76
2 hours gym a day

this must be your body

http://bodybuildingmantra.com/wp-con...ain_Full12.jpg
LOL. Mine is nowhere near this kind.
The Thief of Wall Street
  • #285
  • Nov 5, 2011 7:25pm Nov 5, 2011 7:25pm
My great respect to Chicky for this very informative thread.
Keep it up n God Bless you for your good-will
Only God can rewards u the best ..
  • #286
  • Nov 6, 2011 4:01pm Nov 6, 2011 4:01pm
Quoting rokokdaun
My great respect to Chicky for this very informative thread.
Keep it up n God Bless you for your good-will
Only God can rewards u the best ..
roko, thanks for your very kind words. Not sure if I deserve these. Just trying to save many from all hardwork and pain I went through. There maybe many more profitable methods, but this is the best I could produce.
The Thief of Wall Street
  • #287
  • Nov 6, 2011 4:11pm Nov 6, 2011 4:11pm
Quoting Chicky
roko, thanks for your very kind words. Not sure if I deserve these. Just trying to save many from all hardwork and pain I went through. There maybe many more profitable methods, but this is the best I could produce.
that 1% thing is amazing chicky, and did u know u are actually using those lines to determine divergence? cool right?

your cool and great chicky, very wise with ur experience and always willing to share. not afraid.

did u know 'rokokdaun' in indonesian means leaf ciggaarete? or maybe he implied the tobbaco leaves to smoke hahahaah

lol rokok daun... i gotcha dude
Have I got something on my face, SOLDIER?
  • #288
  • Nov 6, 2011 4:45pm Nov 6, 2011 4:45pm
Quoting bumapatria
that 1% thing is amazing chicky, and did u know u are actually using those lines to determine divergence? cool right?

your cool and great chicky, very wise with ur experience and always willing to share. not afraid.

did u know 'rokokdaun' in indonesian means leaf ciggaarete? or maybe he implied the tobbaco leaves to smoke hahahaah

lol rokok daun... i gotcha dude
LOL.

Buma, you can never imagin how many times I went into circles and circles before finding this basic rule: Its no system if there's no logic supporting it.............. a real logic.

I do use these lines combined with pa reading and fundamentals, but lines prevail all other factors.

Many use 1%, 2% and 2.5% rule, but I am not sure if they have same logic that I have for this 1% rule.
The Thief of Wall Street
  • #289
  • Nov 6, 2011 5:08pm Nov 6, 2011 5:08pm
Quoting Chicky
LOL.

Buma, you can never imagin how many times I went into circles and circles before finding this basic rule: Its no system if there's no logic supporting it.............. a real logic.

I do use these lines combined with pa reading and fundamentals, but lines prevail all other factors.

Many use 1%, 2% and 2.5% rule, but I am not sure if they have same logic that I have for this 1% rule.
its cool mate. lines ovverule fundies like hell trust me. news creates levels for us, we trade them

keep up the good work chicky
Have I got something on my face, SOLDIER?
  • #290
  • Nov 9, 2011 10:46pm Nov 9, 2011 10:46pm
Trade#20 (was it 20?) - Concluded

SL got hit. Lost 1%



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The Thief of Wall Street
  • #291
  • Nov 9, 2011 10:50pm Nov 9, 2011 10:50pm
Untitled 1
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The Thief of Wall Street
  • #292
  • Nov 9, 2011 10:56pm Nov 9, 2011 10:56pm
Trade#21 - Entered

Long for 60 pips
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The Thief of Wall Street
  • #293
  • Nov 10, 2011 1:20am Nov 10, 2011 1:20am
Trade#21 - Concluded

With immense gerief and sorrow, I announce sad demise of our Trade #21, technically she was still born, never got a fair chance of survival in this market.

Sl hit. Lost 1%.
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The Thief of Wall Street
  • #294
  • Nov 10, 2011 1:30am Nov 10, 2011 1:30am
Trade#22 - Entered

Long for 170 pips.
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The Thief of Wall Street
  • #295
  • Nov 11, 2011 9:22am Nov 11, 2011 9:22am
Trade#22 - Concluded

TP hit. 1%
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The Thief of Wall Street
  • #296
  • Nov 11, 2011 9:34am Nov 11, 2011 9:34am
Damn chciky nice job

what are ur win results so far? % profit, average profit, average loss, etc?
Have I got something on my face, SOLDIER?
  • #297
  • Nov 11, 2011 10:20am Nov 11, 2011 10:20am
Quoting bumapatria
Damn chciky nice job

what are ur win results so far? % profit, average profit, average loss, etc?
Win:Loss ratio so far is 55:45, but I expect average win:loss ratio of 60:40 in a block of 100 trades (20% profit). As mentioned in an earlier post, for this demonstration I have certain rules that do not apply to my actual trading. For example minimum trade size for my actual accounts is 10 pips but for this account it is 60 pips. Most trades on my actual accounts are for less than 60 pips and therefore this demo account misses many opportunities. But the basics are the same.

Annual stress-free return is 20% but in the past two years I got a temporary loan of 260% over and above my average returns. A drawdown of 20% to 30% of the orginal account size is very much possible, especially in the first 50 in a block of 100 trades.

One cannot fully understand how this works without completing atleast one block of 100 trades strictly following the rules.
The Thief of Wall Street
  • #298
  • Nov 11, 2011 10:39am Nov 11, 2011 10:39am
Quoting Chicky
Win:Loss ratio so far is 55:45, but I expect average win:loss ratio of 60:40 in a block of 100 trades (20% profit). As mentioned in an earlier post, for this demonstration I have certain rules that do not apply to my actual trading. For example minimum trade size for my actual accounts is 10 pips but for this account it is 60 pips. Most trades on my actual accounts are for less than 60 pips and therefore this demo account misses many opportunities. But the basics are the same.

Annual stress-free return is 20% but in the past two years I got a...
hmm okay. so do u believe u can get that 60/40 ratio in that block of trades?

i think its achievable, with any type of trading.
its a smart way with the R/R. its either u r wrong or right. very good.

i dont really use Tp unless i go away or something. i find it too foretelling of price to set a profit target whiel we are on screen because market is dynamic... after all we are speculators and betting that price moves our way yes?

so in ur opinion and this system of trading as a whole, is a TP recommended for this?

thanx
Have I got something on my face, SOLDIER?
  • #299
  • Edited Nov 12, 2011 3:15am Nov 11, 2011 7:56pm | Edited Nov 12, 2011 3:15am
Quoting Chicky
Trade#22 - Concluded

TP hit. 1%
i thought this one another 2 week trade , i did not expected to hit tp or sl this soon.

it would be great if you could post small explanation with each trade

always i am scratching my head how do you choose your target

soon head going to be like this

http://www.tradebit.com/usr/stock-ph...9002/18065.jpg
Mohan
  • #300
  • Edited 11:14am Nov 12, 2011 3:04am | Edited 11:14am
Quoting bumapatria
hmm okay. so do u believe u can get that 60/40 ratio in that block of trades?

i think its achievable, with any type of trading.
its a smart way with the R/R. its either u r wrong or right. very good.

i dont really use Tp unless i go away or something. i find it too foretelling of price to set a profit target whiel we are on screen because market is dynamic... after all we are speculators and betting that price moves our way yes?

so in ur opinion and this system of trading as a whole, is a TP recommended for this?

thanx
Buma, your question has opened a whole new chapter. Don't know where to start from, but will try to answer your very interesting question.


Can I get 60:40 ratio in this block of 100 trades? The simple answer is, I don't know yet. At this stage, only three or four consecutive winners or losers can drastically change the whole win:loss ratio. 25 or 30 consecutive winners or losers do not surprise me anymore.

Is 60:40 achievable with any type of trading? No, many commonly used trading methods require win:loss ratio either much better or worse to be profitable. In certain trading methods win:loss ratio is even irrelevant, for example Turtles' method, Jesse Livermore's method, any pyramiding method, long-term/swing trading methods, etc. However, like you said, this method is nothing but a Money Management tool that can be applied to several trading methods.

SL is must, no matter one is trading short-term or long-term.

In my opinion, even a short-term trader may also trade without a tp PROVIDED risk is too small (i.e. sls are tight). Longer-term traders try to ride the major trends from start to finish and therefore do not use tp. They do this because they get plenty of time to see signs of trend reversal. But short-term traders' trend is so small that possibility of "WTF Just Happened" is always there. In such a case, they will only lose few pips or bucks, but they may also get lucky.

For any trading method whose success is based on number of positive outcomes vs. negative outcomes, sl and tp are must.
The Thief of Wall Street
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