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  • #561,981
  • Nov 15, 2011 7:32am Nov 15, 2011 7:32am
Quoting cloggie
News trumps tech, let's see what comes out here in 3 mins.
eurusd nothing, dax30 jumped.
  • #561,982
  • Nov 15, 2011 7:32am Nov 15, 2011 7:32am
should fuel risk, possible shakeout first...
  • #561,983
  • Nov 15, 2011 7:33am Nov 15, 2011 7:33am
Quoting FibbinArchie
should fuel risk, possible shakeout first...

As always, fade the news. Let's see how 40 gets on. Freakin boring session so far.
  • #561,984
  • Nov 15, 2011 7:33am Nov 15, 2011 7:33am
Mixed but overall risk on...
Quant Hedge Fund CEO
  • #561,985
  • Nov 15, 2011 7:34am Nov 15, 2011 7:34am
Quoting cloggie
As always, fade the news. Let's see how 40 gets on. Freakin boring session so far.
yeah pretty tame so far..
  • #561,986
  • Nov 15, 2011 7:35am Nov 15, 2011 7:35am
Quoting cloggie
Let's see if we can get 70 here, she wants those pips, before the next scheduled news crap here at the bottom of the hour. That bloomin 40 sure has been glue for a while now, she's starting to p1ss me off. Get going either way here would you, you biatch. We've had one decent runner from the open and she's been screwing around in this consolidation area ever since.
Hello Cloggie,

May I know how to apply your risk % when trading - MM Strategy


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #561,987
  • Nov 15, 2011 7:37am Nov 15, 2011 7:37am
Oh my, Michael Bloomberg can't stop talking..
  • #561,988
  • Nov 15, 2011 7:42am Nov 15, 2011 7:42am
Quoting cloggie
Let's see if we can get 70 here.

F it, close enough for government work.

Time for lunch, back at NY
  • #561,989
  • Nov 15, 2011 7:42am Nov 15, 2011 7:42am
@clobbie: Yeah..breakout trading, trend trading can be very annoying... that's why I'm not using it . Just gained some pips, nice !
  • #561,990
  • Edited 7:59am Nov 15, 2011 7:45am | Edited 7:59am
Quoting FXMindset
Hello Cloggie,

May I know how to apply your risk % when trading - MM Strategy


Thanks

You need to develop your own. Get 10,000 trades in using your strategy covering at least 10 years, look at your worst losing streak during that test and double it at least, that is the losing streak your MM needs to be able to withstand, add a bit of fudge factor just to make sure. Also dont' just look at consecutive losing streaks if you have 20 losers followed by 2 winners and another 30 followed by 5 winners and another 20, then ignore the lesser of the mean. Plot out 10,000 trades on a graph or at least 10 years worth, whichever is greater and you can see what MM you need to survive in this business. Then always add for the unknowns, the sigma events you can't foresee. Doing this will make you quickly realise that even a 1% risk is probably way too great for you account to make sure you can survive for at least 5 years.

Then also find a max DD per day, per week, per month, per quarter and per year based on those 10,000 trades and when one of those gets hit you stop trading for that period. So yes if you yearly max DD gets hit in February, you'd better like gardening and building snowmen, because you are out of the market till the next period. Why? Because based on 10 years of data and at least 10,000 trades you have proven to yourself that whatever strategy you came up with stopped working for that period. So you spend time finding a strategy that does start to work again before you go back into the market and when you do your DD periods start all over again and you have adjusted your MM accordingly.

That is a very rough guide to finding your MM. Entire books have been written about the subject and I cannot explain all the ins and outs in just one post.

What I use is absolutely irrelevant to your strategy, it is tailored to mine.
  • #561,991
  • Nov 15, 2011 7:47am Nov 15, 2011 7:47am
Quoting FibbinArchie
should fuel risk, possible shakeout first...
the fly in the ointment is ez bond yeilds...
  • #561,992
  • Nov 15, 2011 7:50am Nov 15, 2011 7:50am
zzzzzzZZZZZZZzzzzzzz...Still 40 minutes till NY open. Going to grab stg to eat...
Quant Hedge Fund CEO
  • #561,993
  • Nov 15, 2011 7:51am Nov 15, 2011 7:51am
Quoting ThisPip
You can start to identify the range on the 4 hour chart. Zoom out a bit.
On Friday close, it hit exactly the upper range on many pairs and stocks.

Euro Crisis has all been and still will be for a while to sell the highs. Why?
Because it is much more likely that another problem arises than one
gets solved for the good.
Aii. Nice one.
Don't just beat the markets, leave bruises.
  • #561,994
  • Nov 15, 2011 7:52am Nov 15, 2011 7:52am
Quoting cloggie
You need to develop your own. Get 10,000 trades in using your strategy covering at least 10 years, look at your worst losing

What I use is absolutely irrelevant to your strategy, it is tailored to mine.

Two things i learned from the Pro's here:

-Identify the Range
-Importance of Bonds

It all comes down to ACT on what you KNOW.
  • #561,995
  • Nov 15, 2011 7:54am Nov 15, 2011 7:54am
Freakin 40, lunchtime.
  • #561,996
  • Nov 15, 2011 7:57am Nov 15, 2011 7:57am
yet again acknowledging the mid term rising trendline...
  • #561,997
  • Nov 15, 2011 7:59am Nov 15, 2011 7:59am
Quoting cloggie
You need to develop your own. Get 10,000 trades in using your strategy covering at least 10 years, look at your worst losing streak during that test and double it at least, that is the losing streak your MM needs to be able to withstand, add a bit of fudge factor just to make sure. Also dont' just look at consecutive losing streaks if you have 20 losers followed by 2 winners and another 30 followed by 5 winners and another 20, then ignore the lesser of the mean. Plot out 10,000 trades on a graph or at least 10 years worth, whichever is greater...
Thats It - Nice


Thanks Clogg
If there was easy money lying around,no one would be forcing it into your
  • #561,998
  • Nov 15, 2011 8:01am Nov 15, 2011 8:01am
To hell with this crap. Im out +60p on my earlier sell orders. Combined obv.
  • #561,999
  • Nov 15, 2011 8:03am Nov 15, 2011 8:03am
buy eu now. tp 90 pips
  • #562,000
  • Nov 15, 2011 8:05am Nov 15, 2011 8:05am
Quoting mtvortex
buy eu now. tp 90 pips
Whenever a noob says "buy EU", IŽll kill a kitten.
Quant Hedge Fund CEO
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