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Pit bull trading strategy by brijon

  • #821
  • Nov 29, 2011 11:57am Nov 29, 2011 11:57am
Quoting roughtrader
if "printing money" is so easy why don't you show us how to do it.
you can be our new teacher
WHY? You are not interested! Besides Brian showed everyone how to do it, well he tried, but people like you didn't give him a chance.
  • #822
  • Nov 29, 2011 11:59am Nov 29, 2011 11:59am
Y
  • #823
  • Nov 29, 2011 3:28pm Nov 29, 2011 3:28pm
Brian has put some dd vids on you tube, if your interested in drawdown control then take a look.

Perhaps a thread will be opened up in the future to explore pitbull a little more, the pitbull concept has of course been around far longer than any internet forum and most of the negative posters for matter that seem to crawl out of the woodwork.

Shame the thread has ended up in the bin, perhaps its potential was to risky for the paymasters.
  • #824
  • Nov 30, 2011 9:50am Nov 30, 2011 9:50am
How'd that pitbull do today lol
  • #825
  • Nov 30, 2011 10:04am Nov 30, 2011 10:04am
I am seeing both sides go back and forth, bla bla bla......

I have been trading for over 20 years, that does not mean that I know everything about different systems, nor that I can understand all systems. Some traders like trading breakouts, some are range traders, others scalpers, others long term traders, we all have different personalities and learn at a different pace.

Bijon said : TRADE HIS METHOD ON DEMO FOR ONE (1) MONTH and then you will see if it works and if it is for you........but give it a fair try, don't test 5 different methods, work on this method alone so you can digest what he is talking about(cause it is a hard method to understand to start of with, and most will give up within the first week..) ONE MONTH.

I do not trade it exactly like Bijon, but it definitely has brought my trading to another level.......and I believe it can be a stepping stone for a lot of traders.

Now why he was banned.........
  • #826
  • Nov 30, 2011 10:06am Nov 30, 2011 10:06am
Quoting daft
How'd that pitbull do today lol
Very good, you would taken profit on the way up and on the pullback later........anyone who gave it a fair try would understand that......
  • #827
  • Nov 30, 2011 11:56am Nov 30, 2011 11:56am
Most of the haters wont understand what exactly game mode is, because they enjoy thrashing and beating the thread with smoke and mirrors, misdirection etc.

However, that's enough talk about them.

This is for the people that still believe and want to try Brian's many systems + methods of controlling trading and draw down using multi-currency hedging.

I've been trading his methods on demo yes "haters" demo for over a year with various different methods in the mix, this is what Brian called "Game Mode"

Using a Mixture of :-

3MW for direction.
AUD / USD Carry Trades.
Pitbull for Price Action Now.
Balanced Hedges.

Results from my main demo from March 2010 until today.

http://www.myfxbook.com/members/morgb/brijon-gamemode-2k/99731

As I said before, this is to encourage traders that still want to try this system, and experiment and stretch the so called "norm".

So keep trying, tweaking + adapting ......moving forward.

The haters will always hate.

Also for reference, I've had a hedge open for over 6 months on a small 2K Account that has shown in my testing no signs what so ever of margin fever (yet).

Remember as Brian said - Demo...Demo...Demo....Demo and when your finished Demo Again. One day you will have pre-programmed your mind to trade the markets without even noticing.

I don't really expect to post much more on here due to the nature of recent events, however I will update my results on occasion.

peace yall
  • #828
  • Nov 30, 2011 12:37pm Nov 30, 2011 12:37pm
Quoting PiptheRipper
WHY? You are not interested! Besides Brian showed everyone how to do it, well he tried, but people like you didn't give him a chance.
I don't know where you got that idea,
if I wasn't interested I wouldn't be asking,
and I wouldn't even visit this thread, nor would I post in it,
I didn't give him a chance? I gave him the chance of explaining the method, but the reply was Im not advanced enough
and if I was I wouldn't even be asking,
its so easy" printing money"
yeah quite! Im getting fed up with all this bs,
this thread has been a failure from begining to end
this is my last post in here. good luck
Bulls are stupid Animals!especially when Im short!
  • #829
  • Nov 30, 2011 3:05pm Nov 30, 2011 3:05pm
Quoting daft
How'd that pitbull do today lol

On demo for me but considering the economic crisis pitbull is working quiet well at the mo, using 3mw to enter the trade , pitbull to control with the circle of loss profit loss.

I could use the limit orders as a side dish but with the potential collapse of the eu my money stays where it is.

Certainly looking forward to the rehashed crap thats going to replace this thread, mind you perhaps you can start a thread yourself and show us the best way to trade, we know how to get your new thread to the top of the tree so I am sure we are all looking forward to it...............
  • #830
  • Dec 16, 2011 6:51pm Dec 16, 2011 6:51pm
For those that are still dropping by despite absence of Brian - December performance so far = my goal is 3% per day.... Did not have a losing day the whole month (though some days were more of a struggle than others)

I am now digesting T101 from the beginning as I still do not understand the "advanced methods" as taught by Brian - will start this next year....

Although a bit early - merry xmas and a happy, healthy & pip-rich 2012

Mop
Attached Image
  • #831
  • Dec 17, 2011 2:03am Dec 17, 2011 2:03am
Interesting...

I'm in game mode on this and doing rather well thanks. I watch Brians videos on You tube also.

This week alone in three days I have increased my balance by £1980 at 0.50 lot size. My drawdown has not exceeded £300.
I open and close the indicator hedge panel each day to refresh given the weird news around.

I really like this system.

Anyway, I have had some great weeks trading the system. Will continue to game trade and see where the equity curve takes me. So far so very good.
Will continue to return here from time to time.

Thanks and thanks to Brian.
  • #832
  • Dec 17, 2011 9:34am Dec 17, 2011 9:34am
Quoting mobthehop
For those that are still dropping by despite absence of Brian - December performance so far = my goal is 3% per day.... Did not have a losing day the whole month (though some days were more of a struggle than others)

I am now digesting T101 from the beginning as I still do not understand the "advanced methods" as taught by Brian - will start this next year....

Although a bit early - merry xmas and a happy, healthy & pip-rich 2012

Mop
That is amazing mobthehop! WOW! Can you share what are your rules? I am impressed!
Thanks in advance!
  • #833
  • Dec 19, 2011 7:35pm Dec 19, 2011 7:35pm
4x, I basically follow what Brian outlined in this thread / his videos:
1. I normally trade H1 tf
2. I normally trade Asian hours - 0900Am till lunch Singapore time (till daily goal reached)
3. open basket of 10 currencies, 0.1 standards lots, min account balance USD 5,000, if less, use 0.05 std lots
4. wait an hour for the currencies to settle
5. use the currency strength meter for confirmation
6. Pos 1&2 and 9&10 currencies have to move at least 10-20 pips to confirm sufficient volatility / market activity
7. Sort basket loss on top / profit at bottom
8a. If SELL currencies are in profit, I place one sell order (0.5 lots) for position 10 and 9 (in MT4 trade window), plus one or two SELL orders for position 1 or 2 (as the BUY currencies are negative)
8b. If BUY currencies are in profit, I place one buy order (0.5 lots) for position 10 and 9, plus one or two BUY orders for position 1 or 2 (as the SELL currencies are negative)
9. daily goal 3% on equity, once reached, I close all open positions

Last post for the year, off for xmas holidays. Have a great holiday season, health, happiness and fun for 2012 to everybody here.

Mop
  • #834
  • Dec 19, 2011 7:59pm Dec 19, 2011 7:59pm
Quoting mobthehop
4x, I basically follow what Brian outlined in this thread / his videos:
1. I normally trade H1 tf
2. I normally trade Asian hours - 0900Am till lunch Singapore time (till daily goal reached)


Last post for the year, off for xmas holidays. Have a great holiday season, health, happiness and fun for 2012 to everybody here.

Mop
1. What matter the time frame if you are only watching the profit / loss?

2. This should work for any time of day then, as later on the volatility will be reached sooner, correct?

Thanks for posting clear & concise instructions, E.
It takes a lot for me to IGNORE you, but you can try.
  • #835
  • Dec 20, 2011 1:27am Dec 20, 2011 1:27am
Quoting mobthehop
4x, I basically follow what Brian outlined in this thread / his videos:
1. I normally trade H1 tf
2. I normally trade Asian hours - 0900Am till lunch Singapore time (till daily goal reached)
3. open basket of 10 currencies, 0.1 standards lots, min account balance USD 5,000, if less, use 0.05 std lots
4. wait an hour for the currencies to settle
5. use the currency strength meter for confirmation
6. Pos 1&2 and 9&10 currencies have to move at least 10-20 pips to confirm sufficient volatility / market activity
7. Sort basket loss on top / profit at...

it's good because you trade on the asian session , very stable and no so much volatile, even brijon do that , we european and american have to face volatility , and i believe we have to change the method a litle bit .....
  • #836
  • Dec 20, 2011 3:31am Dec 20, 2011 3:31am
Quote
4x, I basically follow what Brian outlined in this thread / his videos:
1. I normally trade H1 tf
2. I normally trade Asian hours - 0900Am till lunch Singapore time (till daily goal reached)
3. open basket of 10 currencies, 0.1 standards lots, min account balance USD 5,000, if less, use 0.05 std lots
4. wait an hour for the currencies to settle
5. use the currency strength meter for confirmation
6. Pos 1&2 and 9&10 currencies have to move at least 10-20 pips to confirm sufficient volatility / market activity
7. Sort basket loss on top / profit at...
Bonjour mobthehop,

A big "MERCI" for having shared with us your trading rules but :


A) Before placing your trades, did you wait that ALL the "buy" or "sell" currencies are in the half bottom in profit in order to confirm the trend ?

B) What's the CURRENCY STRENGTH METER, how does it work and when can I find it ?

C) What's your daily average DD ?

D) Did you use stop loss and if not why ?

E) Do you close all your basket once a day or just after having reach your daily goal 3% ?


Thanks a lot for your attention,

Happy xmas holidays,

Angel
  • #837
  • Dec 20, 2011 6:49am Dec 20, 2011 6:49am
Quoting Erebus
1. What matter the time frame if you are only watching the profit / loss?

2. This should work for any time of day then, as later on the volatility will be reached sooner, correct?

Thanks for posting clear & concise instructions, E.
Is he using the 1H time frame for his currency strength meter indicator to help confirm trend? Hopefully mobthehop can clarify
  • #838
  • Dec 20, 2011 7:35am Dec 20, 2011 7:35am
Quoting mobthehop
4x, I basically follow what Brian outlined in this thread / his videos:
1. I normally trade H1 tf
2. I normally trade Asian hours - 0900Am till lunch Singapore time (till daily goal reached)
3. open basket of 10 currencies, 0.1 standards lots, min account balance USD 5,000, if less, use 0.05 std lots
4. wait an hour for the currencies to settle
5. use the currency strength meter for confirmation
6. Pos 1&2 and 9&10 currencies have to move at least 10-20 pips to confirm sufficient volatility / market activity
7. Sort basket loss on top / profit...
Mob, thanks for that very clear and precise explanation!
  • #839
  • Dec 20, 2011 9:11am Dec 20, 2011 9:11am
I Just had a little demo play following MOB's instructions, waited an hour, there was a clear trend with buys in profit, sells in loss. The H1 currency strength meter supported GBP/ AUD/ NZD strength, so opened extra buys on what where the 2 most in profit at the time, nzdusd & gbpusd, and opened hedge buys against the 2 sells most in drawdown at the time gbpjpy & audjpy (sorry I notice MOB used 0.5 lots I used 0.4 in this example)

Apart from the instant retrace on the GBP pairs (therefore some drawdown on those new positions) the AUD & NZD extra buy and hedge went straight into profit suddenly allowing much more than a 3% gain when I checked back later, I eventually closed at $396 overall gain


Still concerned about how to control things if all the new extra buys and hedges which are opened at larger position sizes suddenly turned against, lots more practice needed
Attached Image (click to enlarge)
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  • #840
  • Dec 20, 2011 10:27am Dec 20, 2011 10:27am
Quoting mobthehop
4x, I basically follow what Brian outlined in this thread / his videos:
1. I normally trade H1 tf
2. I normally trade Asian hours - 0900Am till lunch Singapore time (till daily goal reached)
3. open basket of 10 currencies, 0.1 standards lots, min account balance USD 5,000, if less, use 0.05 std lots
4. wait an hour for the currencies to settle
5. use the currency strength meter for confirmation
6. Pos 1&2 and 9&10 currencies have to move at least 10-20 pips to confirm sufficient volatility / market activity
7. Sort basket loss on top / profit...

Thank you very much Mop for the detailed explanation. Happy Holidays and all the best for 2012!! See you then!
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