Pitbull Trader with Position Building | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA open position on demo, but not open position on real account. Any Comment 7 replies

Close Losing Position, Set Trailing Stop to Winning Position 2 replies

Extreme long term Hedged Carry Trade Position Building journal 15 replies

What is "Building a Position" 4 replies

Long position or short position 6 replies

Attachments: Pitbull Trader with Position Building
Exit Attachments

Pitbull Trader with Position Building

  • #521
  • Jan 23, 2012 8:33am Jan 23, 2012 8:33am
I'm showing positions building with the weekly Trend
I wasn't able to add to aud on this demo account.. I wanted to but my sister-in-law was using my laptop. Anyway.
I BE on the larger positions, I will be taking profit on smaller postions if I see a daily close below prev up or down candle. The markeT overall is long now as you can see in the pitbull screen.

There should BE a retracement to the weekly open so I will add there for the Swap run. lets see what happens. Notice the cycle, we talked about, it took about 3 weeks for the original buys to go into profit...

Also my -ve DD is cycle now into profit...I started with -VE NOW +VE WITH THE TREND.

I just showing on DEMO but you have to do it to believe...
Attached Image (click to enlarge)
Click to Enlarge Name: pitbuljan22week-1.png Size: 333 KB
  • #522
  • Jan 23, 2012 8:56am Jan 23, 2012 8:56am
if you are interested read here
http://w123.stevehopwoodforex.com/ph...3007beeedf85c1
  • #523
  • Jan 23, 2012 9:07am Jan 23, 2012 9:07am
Quoting chips
if you are interested read here
http://w123.stevehopwoodforex.com/ph...3007beeedf85c1
Thanks for the link Chips!!!
  • #524
  • Jan 23, 2012 9:26am Jan 23, 2012 9:26am
Quoting courtneywild
Hi John,

Over the trading period the basket (marketing costs for my business) have resulted in
+$265.12
-$307.35
net -£42.23

As long as my ROI on my sales (trades) is decent I am prepared to pay the $42 (even more if needs be as the ROI is good enough to warrent it).

I see this as the cost of running my business, my marketing costs so to speak. Business has to market its products and there's a cost associated with it. So they test their marketing and measure the return against the cost. When I look at this campaign I'm very happy with the...
i'm sure that $42 was the brokers money anyways...you have to leave some on the table, it's like tipping at the very nice exquisite restaurant.
  • #525
  • Jan 23, 2012 9:46am Jan 23, 2012 9:46am
Quoting chips
i'm sure that $42 was the brokers money anyways...you have to leave some on the table, it's like tipping at the very nice exquisite restaurant.

Right on the money, happy to tip 42 for best part of 3000.
LOL.
  • #526
  • Jan 23, 2012 10:40am Jan 23, 2012 10:40am
This is such a unique system and am enjoying it very much. I started learning to trade this system only last week. It is so interesting to see how the basket of pairs interact with one another rather than having a myopic view of one or two pairs. I opened a 10 pair basket this week instead of the 8, which I traded last week. With the 10 pairs i was able to close it out and reopen it twice today in profit. I prefer being able to squeeze ALL the juice out of the orange as last week i closed the basket every day with small loss. All the best!
Marlin Man
  • #527
  • Edited 11:46am Jan 23, 2012 11:30am | Edited 11:46am
Quoting Marlin Man
This is such a unique system and am enjoying it very much. I started learning to trade this system only last week. It is so interesting to see how the basket of pairs interact with one another rather than having a myopic view of one or two pairs. I opened a 10 pair basket this week instead of the 8, which I traded last week. With the 10 pairs i was able to close it out and reopen it twice today in profit. I prefer being able to squeeze ALL the juice out of the orange as last week i closed the basket every day with small loss. All the best!
Marlin...
Marlin Man...

Just a thought on your post. Apart from the basket trades... are you adding to the bottom two pairs? Just wondered. I use the basket for indication and increase the equity by adding trades and controling DD.
Cheers.
  • #528
  • Jan 23, 2012 12:00pm Jan 23, 2012 12:00pm
Quoting courtneywild
Marlin Man...

Just a thought on your post. Apart from the basket trades... are you adding to the bottom two pairs? Just wondered. I use the basket for indication and increase the equity by adding trades and controling DD.
Cheers.
Courtney - yes I'm buying the bottom 1 or 2 (depending on movement) and also trading opposite the top 1 or 2. I really am enjoying less screen time and this has kept me in some of the larger moves. My first day trading this wasn't so great as I got impatient. But I'm learning from my mistakes. I am trading this on a small live account as I feel learning to trade on a live account is more conducive for me learning. I'm also closing the trades out nightly and opening new basket in the morning.
Marlin Man
  • #529
  • Jan 23, 2012 12:32pm Jan 23, 2012 12:32pm
Quoting Marlin Man
Courtney - yes I'm buying the bottom 1 or 2 (depending on movement) and also trading opposite the top 1 or 2. I really am enjoying less screen time and this has kept me in some of the larger moves. My first day trading this wasn't so great as I got impatient. But I'm learning from my mistakes. I am trading this on a small live account as I feel learning to trade on a live account is more conducive for me learning. I'm also closing the trades out nightly and opening new basket in the morning.
Marlin Man
Great work. I close the B every end of day also. I find the samir indi really helpful

Thats me done goodnight.
  • #530
  • Jan 23, 2012 12:57pm Jan 23, 2012 12:57pm
Hi Courtney...any chance of screening your trades today...They seem to be the only ones I can follow

Thanks
T
  • #531
  • Jan 23, 2012 1:27pm Jan 23, 2012 1:27pm
I have picked these pairs to trade today. If the weekly close was lower than the opening i chosed to "sell" if it was higher to "buy".

Sell:
Usd/Chf
Usd/Cad
Eur/Chf
Gbp/Chf


buy:
Eur/Jpy
Aud/Usd
Nzd/usd
Gbp/Usd

Will see what the outcome will be.
  • #532
  • Jan 23, 2012 2:21pm Jan 23, 2012 2:21pm
hi.

thanks your sharing. i interesting that learn this system. please help me.

i opened a demo account and buy and sell.

1- when i look at my history?

2- i sort my profit lower to higher.

3- please describe me .

my picture if demo account (excuse me. i dont speak english well)

Attached Image (click to enlarge)
Click to Enlarge Name: اهسفخقغ.gif Size: 30 KB
  • #533
  • Jan 23, 2012 2:52pm Jan 23, 2012 2:52pm
Quoting amiralifx
hi.

thanks your sharing. i interesting that learn this system. please help me.

i opened a demo account and buy and sell.

1- when i look at my history?

2- i sort my profit lower to higher.

3- please describe me .

my picture if demo account (excuse me. i dont speak english well)

Attachment
please help me: is correct?

1-i open my orders ( previous picture)

2- i sort my profit on highest loss to highest profit

3- after one ours i should Trade the two bottom pair with bigger lot.

4- i closed my order that negative or hedge .

what time i should closed my order?

thanks
  • #534
  • Jan 23, 2012 5:18pm Jan 23, 2012 5:18pm
Quoting Logs
Hi Guys
Great to see that this system is still alive and well. Thanks and kudos to Chips for starting a new thread.
I found this system very interesting when it was first introduced to us by the Master on Nov 9th 2011, taking $5000 demo to $8500 in one week. (14 Nov - 18 Nov) I may have been lucky. (PDF orig post 605, see link below)
Now that the Holidays are nearly over I will start trading again once liquidity returns.
[b][font=Arial]For those...
This is the best explanation I seen on this strategy so far.
I couldn't get it after viewing all brijons videos but this post made me finally understand it, thank you so much, I will run it for some time and see how it goes,
Bulls are stupid Animals!especially when Im short!
  • #535
  • Jan 23, 2012 8:28pm Jan 23, 2012 8:28pm
Quoting courtneywild
Posted this on the original thread which is now defunct. Made two slight amends to original for clarity. Thought it may help.

How I use this method.

 

  1. I open 10 basket at 0.01

  1. Wait min 1 hour

  1. Trade only bottom two places. Hedge if trade enters settled DD.

  1. First trade placed at 0.05 or 0.10
  2. If move into stready profit enter another trade at 0.50.
  3. Stop set at 200 for disaster protection only.

  1. If a trade (.05 or .50) enters drawdown I close it at -$200 or hedge.

[list][*]I...

Hey Courtney, is this still how you are trading this?
  • #536
  • Jan 23, 2012 9:43pm Jan 23, 2012 9:43pm
Quoting courtneywild
Great work. I close the B every end of day also. I find the samir indi really helpful

Thats me done goodnight.
Hi Courtney

Can I ask you to explain how you use samir indi ? Are you using the daily or weekly one ?

For instance, as I am writing this, the daily one is showing a SHORT STRONG and the weekly one is showing a LONG STRONG. I assume you use the daily one since you close your basket every night...

Thank you

Bunker
  • #537
  • Jan 23, 2012 11:33pm Jan 23, 2012 11:33pm
Quoting oconnor365
Hi Courtney...any chance of screening your trades today...They seem to be the only ones I can follow

Thanks
T
Hi oconnor

Here you go....

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: pit 7.JPG Size: 181 KB
  • #538
  • Jan 23, 2012 11:55pm Jan 23, 2012 11:55pm
Quoting tb62
Hey Courtney, is this still how you are trading this?
Hi tb

Slightly changed

 

  1. I open 10 basket at 0.01
  2. Wait min 1 hour
  3. Trade only bottom two places at 0.10 if the A samir indi shows strong trend.
  4. Hedge if trade enters settled DD but I now close out 1/2 the lot size if DD runs away to take some heat out of it and then hedge. (close 0.05 then hedge balance with 0.10)
  5. If move into stready profit enter another trade at 0.10 repeat if strong trend continues and original 0.10 moves into healthy profit.(risk of buying/selling at top or bottom so care!
  6. Stop: I no longer enter stop loss. I dont find I need to (as per Chips)
  7. I wont let a trade get to $200 DD. I take action much quicker to reduce DD. EG A trade at 0.10 reaches around $50 and the A samir trend is weakening + I cut half.
  8. This is how I trade it now, its not exactly as Chips explains it but as he says "there is no right or wrong way to trade. I find it works for me with these latest modifications

Hope this helps

Cheers for now...

  • #539
  • Jan 24, 2012 12:17am Jan 24, 2012 12:17am
Quoting Bunker
Hi Courtney

Can I ask you to explain how you use samir indi ? Are you using the daily or weekly one ?

For instance, as I am writing this, the daily one is showing a SHORT STRONG and the weekly one is showing a LONG STRONG. I assume you use the daily one since you close your basket every night...

Thank you

Bunker

Bunker

I use the daily only. I open 0.10 trades only if the trend is strong.
Also the profit column is good I find. over 100 and the pair makes good headway. 80 to 100 fair below 80 slow 50 or less possible DD. Not exactly mind you but an indication...
This is how I use it though some might differ of course lol

I've attached a screen shot of exactly how my platform looks.. nice and neat and compact so I can do my day job with it pushed to the side of my screen and its constantly there at a glance.

Hope this helps
CW
Attached Image (click to enlarge)
Click to Enlarge Name: Pit 8.JPG Size: 135 KB
  • #540
  • Jan 24, 2012 12:18am Jan 24, 2012 12:18am
Quoting amiralifx
please help me: is correct?

1-i open my orders ( previous picture)

2- i sort my profit on highest loss to highest profit

3- after one ours i should Trade the two bottom pair with bigger lot.

4- i closed my order that negative or hedge .

what time i should closed my order?

thanks
You have it about right but I would suggest you re read the thread to get the full gist.
0 traders viewing now