Pit bull trading strategy by brijon | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

AUDUSD Trading Pit 425 replies

If previous bar=bull/bull then 2 replies

Pit Traders - How Do We Classify Their Trading Style? 6 replies

M Schwartz: Pit Bull ebook - How can I get it? 13 replies

Attachments: Pit bull trading strategy by brijon
Exit Attachments

Pit bull trading strategy by brijon

  • #261
  • Nov 13, 2011 9:25pm Nov 13, 2011 9:25pm
im sorry guys the video and trades were this morning using same currency hedging us brokers cant do that i forgot today so after luch i have to switch back for the us markets traders

up to now ive been doing it and sticking to the rules but iforgot this morning so for the us traders they will be confused as to the hedging

on this new video will be uploaded down loaded then transfer into avi format then up loaded into utube big process over 100mbs

but the guys in the rest of the world will see the possiblities of same currency hedges

sell and buys on at same time of the same curency


usa traders are trading with a extra rock around there neck

but i have utalized for the usa brokersin the other videos

time zones and brokers rules i forget sometimes

back later


from brian
  • #262
  • Nov 13, 2011 9:31pm Nov 13, 2011 9:31pm
Well the reality is that when you close out a trade at the bottom you are cutting profits short, while your open trades in a loss could be increasing and increasing. What you have described below does not seem to correct this problem.

Quoting msood
if you do it the way i suggested in my original post, then the 0.01 lots stop acting as an indicator which is the original intent of the author.

for example, eurusd 0.01 buy lot comes to the bottom slot and is steady in positive area. original method says you buy eurusd 0.04 then delete the 0.01 lot.

now here's the important bit: by doing as above, the bottom slot becomes available for some other pair, because you have closed the original 0.01 in profit (its no longer there in the bottom slot), plus the new one you open will NOT BE in the...
  • #263
  • Nov 13, 2011 9:39pm Nov 13, 2011 9:39pm
Quoting Dreamliner
Well the reality is that when you close out a trade at the bottom you are cutting profits short, while your open trades in a loss could be increasing and increasing. What you have described below does not seem to correct this problem.
Nothing goes in a straight line, they will come back...and if they don't it means your other pairs should be well in profit for you to take funds from, you should be profiting from the .01's you've replaced with the .04's but you can't really do that now bc the market is illiquid at the moment, at least less then ideal for trading. I would stick to the first couple of hours of London and US sessions.
  • #264
  • Nov 13, 2011 9:40pm Nov 13, 2011 9:40pm
Quoting Dreamliner
Well the reality is that when you close out a trade at the bottom you are cutting profits short, while your open trades in a loss could be increasing and increasing. What you have described below does not seem to correct this problem.
sure - i don't have all the answers - i was merely clarifying the issue of opening a fresh 04 lot and closing the 01 lot vs opening a 03 lot and leaving the 01 intact. it just intrigued me so i tried it both ways and found why the author might be suggesting that we do it in a certain way.

i agree, lots o other questions come to mind, but one step at a time i guess - over all, the strategy has aroused my interest, so i will continue experimenting and digging deeper.
  • #265
  • Nov 13, 2011 9:41pm Nov 13, 2011 9:41pm
Yes, I am sure time will tell. I'm headed to bed, but attached is my latest (increasing) drawdown.

Quoting daft
Nothing goes in a straight line, they will come back...and if they don't it means your other pairs should be well in profit for you to take funds from, you should be profiting from the .01's you've replaced with the .04's but you can't really do that now bc the market is illiquid at the moment, at least less then ideal for trading. I would stick to the first couple of hours of London and US sessions.
Attached Image (click to enlarge)
Click to Enlarge Name: Brijon.jpg Size: 177 KB
  • #266
  • Nov 13, 2011 9:44pm Nov 13, 2011 9:44pm
printing money is easy ivejust given you the basic mehod i use for that

WITH THE PIT BULL TRADER AS AN INDICATER AND A STAND ALONE GREAT TOOL THAT DOESENT NEED TO TRADE USING CHARTS

OR ONE CAN USE IT AS COMBINED TOOL WITH CHARTS


HOW YOU USE IT ITS UP TO YOU


if it makes you money and you can control your drawdown great

i only said this method as i described and dreamliner put into writting as a pdf word file is exactly as i said


there is no right or wrong way print money

any one can do it

the real skill in trading is drawdown control


i said making a 100% hit rate in trading is easy

but if you dont controll draw down you will loose money

so rather than discuss how you achieve your hit rate its up to you its not importantant

thats not trading anyone can do it

but trading is managing draw down

my opinion from Brian
  • #267
  • Nov 13, 2011 9:47pm Nov 13, 2011 9:47pm
Quoting garfield75
don't forget the rubberband behaviour, nothing moves in one direction forever.

Keeps taking small positions always in direction of the move. keeps your DD low when it goes against your. Good this about this strategy is you are taking position based on PA, and no other indicator, as we all know, PA is the best and true leading indicator.

4.27% banked so far from Asian session.

cheers
Garfield
Hi Garfield, are you up 4.27% on your balance or equity? I'm up 1.03% on balance and down 1.72% on equity, probably much like dreamliner's account.
Could you possibly post your trade sheet?

Pete
  • #268
  • Nov 13, 2011 10:05pm Nov 13, 2011 10:05pm
Quoting brijon
printing money is easy ivejust given you the basic mehod i use for that

WITH THE PIT BULL TRADER AS AN INDICATER AND A STAND ALONE GREAT TOOL THAT DOESENT NEED TO TRADE USING CHARTS

OR ONE CAN USE IT AS COMBINED TOOL WITH CHARTS


HOW YOU USE IT ITS UP TO YOU


if it makes you money and you can control your drawdown great

i only said this method as i described and dreamliner put into writting as a pdf word file is exactly as i said


there is no right or wrong way print money

any one can do it

the real skill in trading...
summary : "here, trade randomly and take some profits... as for dealing with the inevitable losses i have no idea and that part is up to you to figure out because i have no idea and never will. don't hate me when you find yourself stuck in a drawdown that never recovers. remember game mode blah blah."

why does it take you guys so long to realize that he is leading you down the garden path?
Congratulations ScalaFX for coming out of the closet!
  • #269
  • Nov 13, 2011 10:18pm Nov 13, 2011 10:18pm
Quoting nubcake
summary : "here, trade randomly and take some profits... as for dealing with the inevitable losses i have no idea and that part is up to you to figure out because i have no idea and never will. don't hate me when you find yourself stuck in a drawdown that never recovers. remember game mode blah blah."

why does it take you guys so long to realize that he is leading you down the garden path?
Well... maybe you are right or maybe you are wrong. I don't know. However something I noticed by looking at this page. Most of your posts are about bashing other people's heads. Do you have an anger problem? Anything missing keyboard warrior?

http://www.forexfactory.com/search.php?searchid=187190

And here's something for you. Can you read it? lol

Attached Image (click to enlarge)
Click to Enlarge Name: 303836_284707914895564_100000690741781_904510_970006677_n.jpg Size: 26 KB
  • #270
  • Nov 13, 2011 10:19pm Nov 13, 2011 10:19pm
So what is the garden path? What do you think he's after? Could you shed some light? What does he have to gain? Really, I'm interested in your opinion.

Quoting nubcake
summary : "here, trade randomly and take some profits... as for dealing with the inevitable losses i have no idea and that part is up to you to figure out because i have no idea and never will. don't hate me when you find yourself stuck in a drawdown that never recovers. remember game mode blah blah."

why does it take you guys so long to realize that he is leading you down the garden path?
  • #271
  • Nov 13, 2011 10:24pm Nov 13, 2011 10:24pm
Quoting TheDirtySerb
So what is the garden path? What do you think he's after? Could you shed some light? What does he have to gain? Really, I'm interested in your opinion.
Just don't mess with people that know THE TRUTH. My advise... LOL.

Here are his "Threads". LOL. Too funny. At the bottom there he's talking about THE TRUTH. LOL. Too funny again.

http://www.forexfactory.com/search.php?searchid=187286
  • #272
  • Nov 13, 2011 10:33pm Nov 13, 2011 10:33pm
goes back as one of the gang of thread destroyer

nut cake nuscake byee
  • #273
  • Nov 13, 2011 10:37pm Nov 13, 2011 10:37pm
Brijon, I certainly understand your wanting to block him, but if the method has validity nobody can destroy the thread. It's the method that will stand or fall, and we won't even need to answer the naysayers if people start posting weekly profits.

Quoting brijon
goes back as one of the gang of thread destroyer

nut cake nuscake byee
  • #274
  • Nov 13, 2011 10:39pm Nov 13, 2011 10:39pm
Just checked out a bunch of his/her posts and the other basher out there. They have absolutely nothing constructive to say about anything. I mean if you know the answer to trading, by all means share it with the rest of us sheep. I guess I just dont get it. I've seen a lot of systems on FF that I just laugh off and move on. Why would I waste my precious time bashing other peoples work when its easier to just walk away. The only thing I can think of is that it's a couple of college kids sitting in a dorm, taking a break from jerking off in front of their PC's, and taking out their small cock syndrome frustrations on anyone with the balls to help others. Sad and pathetic. Guys, try the pump.
  • #275
  • Nov 13, 2011 10:40pm Nov 13, 2011 10:40pm
Quoting Iamfx
Any chance of sending mq4---I need to modify the pairs names to eg EUR/USD.fx----my platform has the fx added to pairs name.
Cheers
The mq4 files are located here in this post:

http://www.forexfactory.com/showthread.php?p=5129096#post5129096
  • #276
  • Nov 13, 2011 10:41pm Nov 13, 2011 10:41pm
Quoting pedross
Hi Garfield, are you up 4.27% on your balance or equity? I'm up 1.03% on balance and down 1.72% on equity, probably much like dreamliner's account.
Could you possibly post your trade sheet?

Pete
Currently at 4.9% for the day, as I stated earlier my aim is to keep my drawdown below 10%, currently it is around 8.7%, there for I have reduced my lot size now down to 0.10 from 1.0 at the beginging.

Looking forward to london session for some activity.

Cheers
Garfield
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 239 KB
Trading is SIMPLE not EASY.
  • #277
  • Nov 13, 2011 10:46pm Nov 13, 2011 10:46pm
Quoting garfield75
Currently at 4.9% for the day, as I stated earlier my aim is to keep my drawdown below 10%, currently it is around 8.7%, there for I have reduced my lot size now down to 0.10 from 1.0 at the beginging.

Looking forward to london session for some activity.

Cheers
Garfield
This is all great. Keep it up. One thing I would like to point your attention to and it's something few people talk about. It will NOT be the same when you go live when money is involved. I've been trading live (yes cupcake, nubcake, whatever lol, no SL for the get go, and here I am still kicking) for over 2 1/2 years now and the psychological component of dealing with real money was the hardest for me to overcome.
  • #278
  • Nov 13, 2011 10:48pm Nov 13, 2011 10:48pm
DreamLiner can you please make the following pairs into buy and sell sets or tell me with which pair I can replace NZDJPY because I dont have this pair.

Thanks DreamLine, Thanks BriJon

EURUSD
GBPUSD
USDCHF
AUDUSD
NUDUSD
EURJPY
EURGBP
EURCHF
GBPJPY
CHFJPY
USDJPY
USDCAD
AUDJPY
GBPCHF
EURCAD
EURAUD
  • #279
  • Nov 13, 2011 10:50pm Nov 13, 2011 10:50pm
Quoting attila
This is all great. Keep it up. One thing I would like to point your attention to and it's something few people talk about. It will NOT be the same when you go live when money is involved. I've been trading live (yes cupcake, nubcake, whatever lol, no SL for the get go, and here I am still kicking) for over 2 1/2 years now and the psychological component of dealing with real money was the hardest for me to overcome.
Thanks for that, I do agree with you, that trading live is different to demo. I have been trading live in FX for over 3 years.


Cheers
Garfield.
Trading is SIMPLE not EASY.
  • #280
  • Edited 11:04pm Nov 13, 2011 10:52pm | Edited 11:04pm
As drawdown seems to be the main concern with this strategy, I wanted to offer up something that I've noticed. On each of the 10 pairs that were listed on Page 1...I've noticed that on each and every one of them the trend bias is correct, meaning, if you look on the Day or Week charts of each pair and draw S/R lines, you will notice that from a longer-term perspective the trade direction on each of these pairs is correct. They have not breached major areas where one would conclude a bias change. To sum it up, the DD trades (losing trades) should come back in time. That's why we keep them very, very small (i.e., .01) and wait with patience & observation....They should come back. Unless there is a breach of a major S/R line on the higher timeframes which then changes the bias. Check the upper charts on each of these pairs and hopefully you'll see what I see. I always chart S/R & TLs on D,W, & Month for all my pairs. Helps me understand the major underlying movement and where we are currently in regard to those major areas. I think charting major S/R & TLs on D,W,Month charts should never be ignored and could be a wonderful adjunct to this system. Ciao.

P.S. I know the glory of this system is not having to watch charts, just price action, so perhaps just set some auditory price alarms at MAJOR areas (on D/W/M) to give you a heads up. That way, you're concentrating on the Pit Bull Indicator...not watching the charts.
1 trader viewing now