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  • #341
  • Nov 25, 2011 1:06am Nov 25, 2011 1:06am
yeah been also drowning on my longs.
Have I got something on my face, SOLDIER?
  • #342
  • Nov 25, 2011 1:20am Nov 25, 2011 1:20am
Quoting Chicky
Trade#30 Concluded. SL got hit 1% Loss.

Trade#31 in Progress. Long for 100 pips from 1.3279

Reason for recent few trades: Strong support area. If it has to bounce should bounce from the next 100 pips (from here to 1.3180).

Will post charts later.
Here is the chart. Trade #31 is the last long before it touches that dotted blue line below (circled). A lot of activity expected at this dotted blue line.

If Trade #31 hits SL, will have to take few days off because I cannot go either long or short unless this dotted blue line is broken.
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #343
  • Nov 25, 2011 1:28am Nov 25, 2011 1:28am
Quoting bumapatria
yeah been also drowning on my longs.
One must live within the budget. This is my last long for this move. Taking chance of 3% (in three trades) for a gain of about 6% to 10% (in 10 trades of 1% each) if pa bounces off from here to 1.4000. 1.3250 is the final hope for this last of the 3 long trades.
The Thief of Wall Street
  • #344
  • Edited Nov 26, 2011 1:20am Nov 25, 2011 1:51am | Edited Nov 26, 2011 1:20am
Quoting Chicky
One must live within the budget. This is my last long for this move. Taking chance of 3% (in three trades) for a gain of about 6% to 10% (in 10 trades of 1% each) if pa bounces off from here to 1.4000. 1.3250 is the final hope for this last of the 3 long trades.
let me ask you a fundamental question ?

is current situation worse than same time last year ? . if i remember correctly QE2 took Eu pair above 1.42 and Greece , Ireland Spain Portugal bring back to 1.32 - 1.34 play range , once it was brought down low of 1.28 (i can't forgot that,2 month of trading and 1 was under water 1200 normal pip). do you feel fundamentally it can go below 1.30 ?
Mohan
  • #345
  • Nov 27, 2011 2:00pm Nov 27, 2011 2:00pm
Quoting mohan76
let me ask you a fundamental question ?

is current situation worse than same time last year ? . if i remember correctly QE2 took Eu pair above 1.42 and Greece , Ireland Spain Portugal bring back to 1.32 - 1.34 play range , once it was brought down low of 1.28 (i can't forgot that,2 month of trading and 1 was under water 1200 normal pip). do you feel fundamentally it can go below 1.30 ?
Please don't ask difficult questions.

Yes, the current sitution is worse than it was same time last year....... only because it has not improved. This is like cancer.

Can it go below 1.30? Definitely. However, the world reserve currency is not backed by gold, solid economy, prudent policies and an effective framework for sustainable growth/stability. Both currencies in this pair are unstable and therefore this pair will remain volatile.
The Thief of Wall Street
  • #346
  • Nov 27, 2011 3:04pm Nov 27, 2011 3:04pm
Quoting Chicky
Please don't ask difficult questions.

Yes, the current sitution is worse than it was same time last year....... only because it has not improved. This is like cancer.

Can it go below 1.30? Definitely. However, the world reserve currency is not backed by gold, solid economy, prudent policies and an effective framework for sustainable growth/stability. Both currencies in this pair are unstable and therefore this pair will remain volatile.
thanks my friend.
Mohan
  • #347
  • Nov 28, 2011 8:41am Nov 28, 2011 8:41am
Quoting Chicky
Trade#30 Concluded. SL got hit 1% Loss.

Trade#31 in Progress. Long for 100 pips from 1.3279

Reason for recent few trades: Strong support area. If it has to bounce should bounce from the next 100 pips (from here to 1.3180).

Will post charts later.
Trade# 31 Concluded. TP hit. 1%
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The Thief of Wall Street
  • #348
  • Nov 28, 2011 9:20am Nov 28, 2011 9:20am
Trade# 32 entered. Long for 60 pips.
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The Thief of Wall Street
  • #349
  • Nov 29, 2011 12:24pm Nov 29, 2011 12:24pm
Trade# 32 Concluded. Hit TP. 1%

Trade# 33 Entered and Concluded. SL Hit. 1% loss
(Yellow circled order got hit soon after Trade #32 concluded but move wasn't strong enough to carry this trade 60 pips above the entry)

Trade# 34 in Progress

Also attached is image of pending orders.
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The Thief of Wall Street
  • #350
  • Nov 29, 2011 2:44pm Nov 29, 2011 2:44pm
Sorry to be a pain Chicky but, a method with the same Risk / Reward where your pretty much 50/50, you seem pretty smart surely you can find better method / setup and get to atleast 60/40 or maybe increase the reward compared to risk while keeping the 50/50.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #351
  • Nov 29, 2011 2:52pm Nov 29, 2011 2:52pm
This is just a proof that his strategy works and has an edge. Risking less for more money may be another story and totally diferent system. Honestly at this point I want to see a mechanical system that has a good fixed determined a stop loss and take profit that makes money. I will keep following this thread to see how it ends.
  • #352
  • Nov 29, 2011 3:02pm Nov 29, 2011 3:02pm
Quoting iulli
This is just a proof that his strategy works and has an edge. Risking less for more money may be another story and totally diferent system. Honestly at this point I want to see a mechanical system that has a good fixed determined a stop loss and take profit that makes money. I will keep following this thread to see how it ends.
Actually this is proof ( So Far ) that the setup is getting precisely 50/50, flipping a coin would result in similar stat's.

I doubt such a Mechanical system exists, although 1 might have a good run in the right market conditions it can't adapt for the wrong market conditions.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #353
  • Nov 29, 2011 4:23pm Nov 29, 2011 4:23pm
Quoting Turveyd
Actually this is proof ( So Far ) that the setup is getting precisely 50/50, flipping a coin would result in similar stat's.
you are right - so far is seems it is most equilibrated. Remember there are only 37 trades so far. That proves nothing. you have to have I would say over 300-400 trades to actually see if you end up ahead ot is it a losing strategy. The more the clearer you see where you stand with your edge.

When you go to casino and play baccarat or roulette betting black and white, the casino has usually about 52% chances of winning and you 48% They make millions with those 1 or 2 % more.
  • #354
  • Nov 29, 2011 4:35pm Nov 29, 2011 4:35pm
Quoting iulli
you are right - so far is seems it is most equilibrated. Remember there are only 37 trades so far. That proves nothing. you have to have I would say over 300-400 trades to actually see if you end up ahead ot is it a losing strategy. The more the clearer you see where you stand with your edge.

When you go to casino and play baccarat or roulette betting black and white, the casino has usually about 52% chances of winning and you 48% They make millions with those 1 or 2 % more.

The problem is, 300 - 400 trades is likely 1 year or 2 away, yes you could get a good run and move to 55/45 or a bad run and go the other way that's just stat's for you and random chance.

Time is something we are all running out of.

Not bashing, just trying to spur some creativity / thinking out side of the box and solve the 50/50 problem, maybe.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #355
  • Nov 29, 2011 4:50pm Nov 29, 2011 4:50pm
Since opening Micro account in total with messing around I'm at 59% profitable, since taking it seriously I'm at 70%, if you merge multiple positions into 1 cause of my trading method then I'm at 85% profitable.

Over 96 positions, likely 50 area actual trades, account +250%.


Come on Chicky, you can do better, you have to do better!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #356
  • Nov 29, 2011 5:45pm Nov 29, 2011 5:45pm
Quoting Turveyd
Since opening Micro account in total with messing around I'm at 59% profitable, since taking it seriously I'm at 70%, if you merge multiple positions into 1 cause of my trading method then I'm at 85% profitable.

Over 96 positions, likely 50 area actual trades, account +250%.


Come on Chicky, you can do better, you have to do better!!
Thanks for your encouraging remarks Turveyd and blessing this thread with a breeze of fresh air.

This is the best I could comeup in more than a decade of work. Someone may like to show if something works better than this.
The Thief of Wall Street
  • #357
  • Nov 29, 2011 5:55pm Nov 29, 2011 5:55pm
chick

trade #33 what was the pips lost on that one?
Have I got something on my face, SOLDIER?
  • #358
  • Nov 29, 2011 8:56pm Nov 29, 2011 8:56pm
Quoting bumapatria
chick

trade #33 what was the pips lost on that one?
That was for 60 pips.

I placed some pending orders on Thursday night before going to bed. Letting those orders continue. Most probably these orders won't get hit. But you never know. These are my last long trades, the support is still not broken. Like Gator says, "It ain't broken unless its broken". Unless this support is broken I would keep on placing long orders.
The Thief of Wall Street
  • #359
  • Nov 29, 2011 9:01pm Nov 29, 2011 9:01pm
Quoting Chicky
That was for 60 pips.

I placed some pending orders on Thursday night before going to bed. Letting those orders continue. Most probably these orders won't get hit. But you never know. These are my last long trades, the support is still not broken. Like Gator says, "It ain't broken unless its broken". Unless this support is broken I would keep on placing long orders.
ive been tanking longs for now.

i got my reasons too.

and yes carefully put statemetn
Have I got something on my face, SOLDIER?
  • #360
  • Nov 29, 2011 9:02pm Nov 29, 2011 9:02pm
Quoting Chicky
That was for 60 pips.

I placed some pending orders on Thursday night before going to bed. Letting those orders continue. Most probably these orders won't get hit. But you never know. These are my last long trades, the support is still not broken. Like Gator says, "It ain't broken unless its broken". Unless this support is broken I would keep on placing long orders.
ps. Here is the complete view of my orders and pa position as I look at it.
Click at the chart for better view.
Attached Image (click to enlarge)
Click to Enlarge Name: 26.jpg Size: 83 KB
The Thief of Wall Street
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