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Pitbull Trader with Position Building

  • #241
  • Jan 9, 2012 1:11pm Jan 9, 2012 1:11pm
Quoting charvo
no need to be too defensive

the reason that i quoted ur " controlling dd is the key" is that we all understand it. but not everyone understand what is the key to "controlling dd".

check ur words below quoted, "using BUY SELL proportions to with the TREND, LPL cycle, SWAP, hedge to control DD"

they are just runaway from truth, they are merely 'burying the head in the sand', they are not the solution

the solution is cutting losers, consistently.

pipeasy just didn't emphasize it, but he did it promptly.

in other words, in basket...
You are correct..to an extent..but with this method we are not taking a losses on the trade...for eg.

A loosing trade will float and continues to float up -0-down , LOSS PROFIT LOSS..now it will take time for the cycle to complete..

But we continue to take profit in the mean time ..increasing the bal.

STOP Trading...if you are near the MAX DD limit.

YOU have no need to ACCEPT the LOSS that is floating...its your LINE OR CREDIT.

YOUR HEDGE positions in the indicator ...give you peace of mind to sleep ..and go on a trip...DO YOU GET IT..

YOU will come back and pickup where you left off..

your floating LOSS WILL continue to float...until the cycle returns..or the trend change..then rebalance ..to take advantage..

THAT's the purpose of having the indicator on the LIVE ACCOUNT.
  • #242
  • Jan 9, 2012 1:50pm Jan 9, 2012 1:50pm
Another profit day but only a small increase in equity.

Last week net profit ended at +$1565 today its now $1704. Thats 5 days trading. Turs Wed Thurs Frid Monday.

Gross profit $2013 Gross loss $309 Net $1704

Equity balance $6870

Wathced the longs and all the buys all cycle up into DD and stay at top of list for several hours and reached $257 DD. Then they all clyled back down into profit.

Patience is key and not panicking or overtading to hedge DD as chips states

Closed all trades including basket.
  • #243
  • Jan 9, 2012 2:21pm Jan 9, 2012 2:21pm
Quoting courtneywild
Another profit day but only a small increase in equity.

Last week net profit ended at +$1565 today its now $1704. Thats 5 days trading. Turs Wed Thurs Frid Monday.

Gross profit $2013 Gross loss $309 Net $1704

Equity balance $6870

Wathced the longs and all the buys all cycle up into DD and stay at top of list for several hours and reached $257 DD. Then they all clyled back down into profit.

Patience is key and not panicking or overtading to hedge DD as chips states

Closed all trades including basket.
Thanks Courtney..

Observed and you will see, that if you are trading the basket...1 runner in the basket means nothing..it can be control by the cycle ..you need patience thou...but you have to see it work before you believe.
  • #244
  • Edited 3:30pm Jan 9, 2012 2:31pm | Edited 3:30pm
I haven't made any trade today...just letting the postions cycled..

SEE the DD it is current..STUFF.

I can close for a profit now....I dont care its not my money....but

I will continue trading with the basket... I will be taking some profits at day end...This will increase my DD..
so what will happen?

Taking profit increases BAL.. and Increases DD
Increased DD ...reduce EQUITY.
Reduced DD...Increase EQUITY..in the BAL.


SO next I will Reduce DD with the NEXT Trend or Let the Market cycled the positions..Once my DD goes DOWN AND EQUITY RISES
I CAN TAKE PROFIT>..and the cycle goes on and on..Never ending..


But I making sure that the Basket is balance to take advantage of the Trend..if it resumes.

Cheers and happy trading
Attached Image (click to enlarge)
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  • #245
  • Jan 9, 2012 4:21pm Jan 9, 2012 4:21pm
this system is very interesting i have been using it for sometime now, it has to be used with very careful calculations observe the example in the attachment @ CHIPS keep the thread moving
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  • #246
  • Jan 9, 2012 4:32pm Jan 9, 2012 4:32pm
How about buying the pairs that meant for sell and sell the pairs that are meant for buy?

Since the trades are always into DD i suggest we give this a try. Maybe after the crisis in the eu ends then we return to normal.

I have opened a demo acc today, will report as it goes.

Regards
No Risk No Reward
  • #247
  • Jan 9, 2012 5:18pm Jan 9, 2012 5:18pm
Quoting fmfx1
How about buying the pairs that meant for sell and sell the pairs that are meant for buy?

Since the trades are always into DD i suggest we give this a try. Maybe after the crisis in the eu ends then we return to normal.

I have opened a demo acc today, will report as it goes.

Regards


Quoting tb62
I may have a solution for those concerned about the BOJ intervention. I have been doing the opposite of what the initial post said. I have been selling all the buys and buying all the sells. It seems to have the same cycle of loss, profit, loss and if the BOJ interferes I will be a very happy man.
I'm seeing a trend here, de javu
It takes a lot for me to IGNORE you, but you can try.
  • #248
  • Edited 8:27pm Jan 9, 2012 6:47pm | Edited 8:27pm
Quoting Erebus
I'm seeing a trend here, de javu
Nothing is wrong if you want the do it the other way around as long as you know..that you will be paying the Tripple SWAP on the aud...and not receiving...

And you will have the added pressure of DD going against you...

PPL if theres a BAnk CRASH or EURO its not your fault....but eventually the market will catchup...check the charts my friends.
  • #249
  • Edited 8:28pm Jan 9, 2012 6:50pm | Edited 8:28pm
reverse engineer process...according to Brijon...

ADDED DD control method..

Limit orders with the Trend..SELL at the HH and Buy at the LL on the 4Hr time frame using the average price..

Forming a DD grid... using small lots..

Think about it...cheers
  • #250
  • Jan 9, 2012 7:02pm Jan 9, 2012 7:02pm
Quoting courtneywild

Wathced the longs and all the buys all cycle up into DD and stay at top of list for several hours and reached $257 DD. Then they all clyled back down into profit.

Patience is key and not panicking or overtading to hedge DD as chips states

Closed all trades including basket.
Very nice courtneywild! Did the same thing times 2. My overnight basket was closed for a positive 38 pips at 5:30 am cst. Restarted basket at 7:00 am cst and closed basket at 2:20 pm cst for positive 14 pips. Only one add on trade of bottom pair in each basket. Sure which this method would work
  • #251
  • Jan 9, 2012 7:48pm Jan 9, 2012 7:48pm
I simply trade base on the 4H trend, if the buys are in a DT i sell them and vice versa. I change direction @ OBOS area's.

Just one set of trade and i'm already up +26$ using 0.01 with a single hedge of 0.04
No Risk No Reward
  • #252
  • Jan 9, 2012 7:58pm Jan 9, 2012 7:58pm
I really don't understand why all the hecklers always congregate on every thread that has something to do with Brian's ideas.... I follow 20+ threads on FF and nowhere else do I find so much negativity.....

Moving on....

Attached screenshot for this week - my demo account was deleted over the holidays as I was not trading.... Closed 1st basket of today (open for about 90 min this morning Asia time) to avoid ambiguity...

Have attached another visual aide which needs to be put in the expert folder (use like an EA but it is not trading!) - provided by B elsewhere

@courtneywild - your post #211 - lol, your screen looks exactly like mine, the above mentioned EA fits neatly in upper left free area.....

Keep on trading!
Attached Image
Attached File(s)
File Type: mq4 orest for pitbull trader.mq4   46 KB | 568 downloads
  • #253
  • Jan 9, 2012 8:12pm Jan 9, 2012 8:12pm
Quoting mobthehop
I really don't understand why all the hecklers always congregate on every thread that has something to do with Brian's ideas.... I follow 20+ threads on FF and nowhere else do I find so much negativity.....
it's a conspiracy! we all work for the brokers and the crims. you should see our paychecks. didn't you know? just ask brijon, he'll tell you all about it. Y!!!!! Y!!!!!! and so forth.

my guess is that you haven't done much trading or study. as such you have no perspective and can't see when one idea is just dressed-up as something else. some of us can see the same old thing over and over dressed-up in a brand new suit and tie each time, but it's still the same old same old.

in the meantime we, the crims and conspirators who rallying against you with all of our collective might (lol), are entertained by all of this and like watching the proceedings unfold.
Congratulations ScalaFX for coming out of the closet!
  • #254
  • Jan 9, 2012 8:16pm Jan 9, 2012 8:16pm
brijon, can you give specifics of the below? These are generalities.

Quoting chips
I haven't made any trade today...just letting the postions cycled..

SEE the DD it is current..STUFF.

I can close for a profit now....I dont care its not my money....but

I will continue trading with the basket... I will be taking some profits at day end...This will increase my DD..
so what will happen?

Taking profit increases BAL.. and Increases DD
Increased DD ...reduce EQUITY.
Reduced DD...Increase EQUITY..in the BAL.


SO next I will Reduce DD with the NEXT Trend or Let the Market cycled the positions..Once...
  • #255
  • Jan 9, 2012 8:23pm Jan 9, 2012 8:23pm
nubcake - thanks for your input....

There are literally 100 of active threads on FF, as a matter of personal preference / interest - some good, some not....

My question is this and I am really curious - why do so many 10+ voucher heavy weights bear on this thread, saying the method is rubbish? What do you gain from this? Why not let all those who are interested be on their way to lose money, which the 10+ voucher people can pick up...

For me this is not a conspiracy, just a question of motivation and I would appreciate some insight from you

Thank you
  • #256
  • Jan 9, 2012 8:42pm Jan 9, 2012 8:42pm
Quoting mobthehop
nubcake - thanks for your input....

There are literally 100 of active threads on FF, as a matter of personal preference / interest - some good, some not....

My question is this and I am really curious - why do so many 10+ voucher heavy weights bear on this thread, saying the method is rubbish? What do you gain from this? Why not let all those who are interested be on their way to lose money, which the 10+ voucher people can pick up...

For me this is not a conspiracy, just a question of motivation and I would appreciate some insight from you

Thank...
i'll give a tiny tiny glimpse into things from my side of the screen... i can't speak for others, and don't, but i don't go 'searching' for anything and i simply look at the 'active threads' list to see what's happening. much like flicking through channels on the tv to see what's on.

as for letting you all lose money.... you will. that's a given. you don't need our permission nor lack of posting to grant you this ability.

if someone comes along and pokes a hole in your ideals or concepts, and you are unable to fill that hole or even perceive the hole to begin-with, are we in the wrong for bursting your bubble?

if you just want to have 'faith' in this system and mindset and whatever else then close your eyes, bury your head in the sand, and be happy with what you are doing. otherwise expect criticism. if you can't refute the criticisms then this is all flawed and you should tread carefully.

as always, whoever is reading this... the crims.... are probably also just reading the active threads list to have a chuckle at the goings-on in places like here. you are all entertaining in your own little ways.
Congratulations ScalaFX for coming out of the closet!
  • #257
  • Jan 9, 2012 9:12pm Jan 9, 2012 9:12pm
Erebus, I didn't say to do the opposite because the regular way was unprofitable. I just said it because ppl were talking about the BOJ intervening.
  • #258
  • Jan 9, 2012 10:56pm Jan 9, 2012 10:56pm
Quoting Dreamliner
brijon, can you give specifics of the below? These are generalities.
What kind of specific do you want ...man
I've posted charts...Scr shots of the trades..and indicator sorts by profits..

What more do you want....

I'm not Brijon...wish i was though would be making lots of pips..ehehe
  • #259
  • Jan 9, 2012 11:01pm Jan 9, 2012 11:01pm
All the BUYS are moving into to profit...looking for long profit...

Well what do you know..IT Tues...the day before Tripple SWAP interest payment..Pay attention folks.....

Last week some buys went into DD...but have recovered LOSS .PROFIT LOSS
Cycle.

I've added two trades to Long ...

OH..notice the DD in the profit colu'mn...
It's been 2 weeks and counting and I haven't give the Borker anything yet
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  • #260
  • Jan 9, 2012 11:26pm Jan 9, 2012 11:26pm
I love the pitbull threads.

There are a few things I noted when I tested this method:

The pitbull basket is not correctly hedged as has been noted in other places. You are short usd/jpy. The T101 basket is hedged correctly and shows the same things without the risk of being short yen. If it is on demo who cares, you can take the trades themselves in a separate account. But relying on the indicator to 'cycle' on live money is a disaster waiting to happen.

The indicator itself is no more than a heatmap, or list of biggest movers since you started it. The list on the market screen here at ff showing pips moved by timeframe shows the exact same thing.

The logic is a random buy or sell on a fast moving pair. You are following momentum without rational thought. While your pair moves in one direction all is well. Until it turns.

When it reverses you have a normal trade on your hands with no reference points or logic to back up your choice to buy or sell. So your options are limited. You can hedge (if allowed) and pray. You can punch out at a set SL or BE. You can pray and wait for it to 'cycle'. Controlling your drawdown is the same as managing any other random entry trade.

The question becomes does random entry in the direction of the pair that is moving the fastest have a positive expectancy? You end up selling bottoms and buying tops. If you get the breakout in your favor eventually you win, but when that doesn't happen you get large trades stuck deep.

The basket does a great job of showing where there is momentum, correlations, and if you watch it long enough cycles and market rhythm. I really like the results I see by courtneywild... he hedges, and overweights positions in reverse, in addition to never letting the trades get too far out of line.

It really would be fantastic if someone that can actually express themselves would explain the logic they are using with the system. There is discretion being applied that would likely be every bit as successful without using the pitbull basket.

Mike
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