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  • #581
  • Jan 23, 2012 8:47pm Jan 23, 2012 8:47pm
Trade #68 hit sl. 1% Loss.

Trade #69 just entered. Short for 136 pips.
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The Thief of Wall Street
  • #582
  • Jan 23, 2012 8:57pm Jan 23, 2012 8:57pm
Quoting Chicky
Trade #68 hit sl. 1% Loss.

Trade #69 just entered. Short for 136 pips.

I see EU currently in a weak uptrend, I'd be looking to go long on a pull back.

Not going to setup my entry orders tonight though, I'll assess in the am.


Also I know you ownly trade EU, but AudUsd has a stronger uptrend so above would work better.



Good luck!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #583
  • Jan 23, 2012 9:01pm Jan 23, 2012 9:01pm
Everyone has a right to express their opinions. But one should not forget that in the end it is only logic that prevails. Did I mention in my earlier posts that we could very much experience 40 or so consecutive losses if our win/loss ratio is 60/40? Two years ago I experienced as much as 52 losers in row without a single winner in between. This whole concept of risk management revolves around only one thing: "With a 60/40 win/loss ratio can you servive if your first 40 trades are consecutive losers, even if next 60 are consecutive winners?". Mine has that capacity. A very strong possibility of getting 6 winners out of 10 trades, if one is trading longer-term but not with 60 to 250 pip trades. Forex is something I believe I know something about.
The Thief of Wall Street
  • #584
  • Jan 23, 2012 9:06pm Jan 23, 2012 9:06pm
Quoting Turveyd
I see EU currently in a weak uptrend, I'd be looking to go long on a pull back.

Not going to setup my entry orders tonight though, I'll assess in the am.


Also I know you ownly trade EU, but AudUsd has a stronger uptrend so above would work better.



Good luck!!
I try to take chance of a bonce. See some resistance ahead and therefore going to take this chance before (and if) this down trend reverses.

Cannot focus on more than one pair. Getting older.

Off to gym. See you in about two hours, if I survive today's bout.
The Thief of Wall Street
  • #585
  • Jan 23, 2012 9:17pm Jan 23, 2012 9:17pm
Quoting Chicky
Everyone has a right to express their opinions. But one should not forget that in the end it is only logic that prevails. Did I mention in my earlier posts that we could very much experience 40 or so consecutive losses if our win/loss ratio is 60/40? Two years ago I experienced as much as 52 losers in row without a single winner in between. This whole concept of risk management revolves around only one thing: "With a 60/40 win/loss ratio can you servive if your first 40 trades are consecutive losers, even if next 60 are consecutive winners?"....
I've had runs of losers, they aren't the norm the odds on them happening, if your trading well are low unless your counter trend trading, your pretty much trading 50/50 so your odds on losing 10 times in a row are something like 2047:1 by 40 your into billions to 1.

Like most people you've had MM and worst case scenario's drilled into you, unless you've got a huge wedge of cash to dump into your account to make the I dunno 20% per year worth while.


MM is the easy part, adjust to your risk tollerance / account size ( bigger account, lower risk ), entrys and exits are where the money is made / lost.

Just trying to help!!


Your odds on getting 40 winners in a row are exactly the same as getting 40 losers in a row also.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #586
  • Jan 23, 2012 9:22pm Jan 23, 2012 9:22pm
Quoting Chicky
I try to take chance of a bonce. See some resistance ahead and therefore going to take this chance before (and if) this down trend reverses.

Cannot focus on more than one pair. Getting older.

Off to gym. See you in about two hours, if I survive today's bout.

Takes me 30seconds to scan my 10 pairs I trade if anything interests me then a big longer, pick the optimal pair for the optimal trend improves your odds.


I like to trade upto 3 pairs at once aswell, as long as 1 does okay I break pretty much even generally, if all 3 win then nice, 2 still a profit.


Enjoy the gym, sleep here!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #587
  • Jan 24, 2012 8:33am Jan 24, 2012 8:33am
My entry with trend would be around here, 1.2967 area, tempted, odds are the trend will hold and it'll turn back up.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #588
  • Jan 24, 2012 10:15am Jan 24, 2012 10:15am
Quoting Turveyd
My entry with trend would be around here, 1.2967 area, tempted, odds are the trend will hold and it'll turn back up.
Good entry point for this 1H up trend. The good time maybe when NY session is dying and preparing for europe session.

I am however playing shorts on 4H and Daily. This point (red arrow) will be my next entry for a second short (not on the demo opened for this thread but on my private account).
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The Thief of Wall Street
  • #589
  • Jan 24, 2012 10:21am Jan 24, 2012 10:21am
Quoting Chicky
Good entry point for this 1H up trend. The good time maybe when NY session is dying and preparing for europe session.

I am however playing shorts on 4H and Daily. This point (red arrow) will be my next entry for a second short (not on the demo opened for this thread but on my private account).
same here - already short 20+ or so pips up atm.. hey chciky care to share ur account details private one? (bad question) but can we get details on say the % P/l over a certain period of time uve had it?
just taht can maybe give us direction to see where this one might go as well.

and btw - what degrees are those TL;s. they look -45 degrees to me which is a 315 degrees angle facing downwards from left to right.

just wondering if u can maybe use a tool if ure platform has - trendline by angle and see what angle it is.
why i ask? just wondering if its 315.
Have I got something on my face, SOLDIER?
  • #590
  • Edited 2:02pm Jan 24, 2012 11:01am | Edited 2:02pm
Quoting bumapatria
same here - already short 20+ or so pips up atm.. hey chciky care to share ur account details private one? (bad question) but can we get details on say the % P/l over a certain period of time uve had it?
just taht can maybe give us direction to see where this one might go as well.

and btw - what degrees are those TL;s. they look -45 degrees to me which is a 315 degrees angle facing downwards from left to right.

just wondering if u can maybe use a tool if ure platform has - trendline by angle and see what angle it is.
why i ask? just wondering...
Buma, I don't quit playing a longer term trend until it definitely reverses. Then go with the new trend. To me, the trend in still down.

I maintain few private accounts, but non of them with a significant investment. Trading is my hobby not a source of income. Currently I am trying to revive an account that went down by more than 99%. With less then 1% remaining I tried to come back. This account is now down about 80% (20% recovered). That required switching to longer term trading and changing risk reward to 1:5 to 1:10 than ususal 1:1 and also changing the stake from 1% to 30%. Caution: Don't try this at home.

These trend-lines connect highs and lows and they are just some lines where pa is expected to show more than usual activity. I take chances near these lines. This is the only use of these trendlines.
The Thief of Wall Street
  • #591
  • Jan 24, 2012 11:04am Jan 24, 2012 11:04am
chicky it takes great bravery to say that. i only wish you success to recover your account.

keep up the good work mate - keep on doing well
Have I got something on my face, SOLDIER?
  • #592
  • Jan 24, 2012 3:24pm Jan 24, 2012 3:24pm
Quoting Chicky
Buma, I don't quit playing a longer term trend until it definitely reverses. Then go with the new trend. To me, the trend in still down.

I maintain few private accounts, but non of them with a significant investment. Trading is my hobby not a source of income. Currently I am trying to revive an account that went down by more than 99%. With less then 1% remaining I tried to come back. This account is now down about 80% (20% recovered). That required switching to longer term trading and changing risk reward to 1:5 to 1:10 than ususal 1:1 and also...

M15 trend are my plays based on MA's and a range which works well enough, for the 2 - 36hour holds I typically aim for they work well, aiming for 150pips before TPing or if market looks wrong and risking 50-60pips generally.

Audusd is looking good, Gold I spotted it was stuck under a MA, so it's downtrending shorter term but hey we'll see.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #593
  • Jan 25, 2012 8:40pm Jan 25, 2012 8:40pm
Quoting Chicky
Trade #68 hit sl. 1% Loss.

Trade #69 just entered. Short for 136 pips.
Trade #69 surviving.

If it hits sl, that would be time to repay the market temporary loan of about $1.50 collected in bits from each winner in the name of "Spread Cost".

Risk:Reward tactic would be totally different but strategy would remain unchanged, that is, 1:1 or equal risk/reward per trade.

In order to see that new tactic, you all hope that I lose this trade #69.

Off to gym for two hours.
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The Thief of Wall Street
  • #594
  • Jan 25, 2012 8:49pm Jan 25, 2012 8:49pm
Quoting bumapatria
same here -.....
Did you make it?
The Thief of Wall Street
  • #595
  • Jan 25, 2012 8:53pm Jan 25, 2012 8:53pm
Quoting Chicky
Did you make it?
smashed in the face with a "haha" from the market like a "you suck" insult.

stopped +2 on euro +7 on dow and +2 usd from gold.

they were all around x10 of that stopout value in max profit.

am beat chickster.
i shouldve TPed.

the long signal was clear and i shouldve cleared my profit for my acc.
now i got next to nothing.

but dont worry bout me - continue with your method please
Have I got something on my face, SOLDIER?
  • #596
  • Jan 25, 2012 11:40pm Jan 25, 2012 11:40pm
Quoting bumapatria
smashed in the face with a "haha" from the market like a "you suck" insult.

stopped +2 on euro +7 on dow and +2 usd from gold.

they were all around x10 of that stopout value in max profit.

am beat chickster.
i shouldve TPed.

the long signal was clear and i shouldve cleared my profit for my acc.
now i got next to nothing.

but dont worry bout me - continue with your method please
LOL. But the good thing is you remained positive.

I agree and disagree with the long signal. No doubt there was an inverted head and shoulder on 4H, HHs and HLs on 1H, pa hitting a strong support during NY session, etc but the main thing was the 1.3000 resistance. I am still taking chances of shorts just becuause of that. Otherwise my chart says 1.3240 at minimum. Let's see.

Played that bounce from 1.3024 but closed at 1.2998. For me, the bounce was over, but it went further down.
The Thief of Wall Street
  • #597
  • Jan 26, 2012 5:49am Jan 26, 2012 5:49am
Quoting Chicky
LOL. But the good thing is you remained positive.

I agree and disagree with the long signal. No doubt there was an inverted head and shoulder on 4H, HHs and HLs on 1H, pa hitting a strong support during NY session, etc but the main thing was the 1.3000 resistance. I am still taking chances of shorts just becuause of that. Otherwise my chart says 1.3240 at minimum. Let's see.

Played that bounce from 1.3024 but closed at 1.2998. For me, the bounce was over, but it went further down.
My method called it perfectly, got in on EU and Gold made a nice amount on Gold and a small amount on EU checked back 30mins later and OHHH that would tripled my account LOL

Still +28% in a week, 6 profitable trades and 2 losers so doing fine!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #598
  • Jan 26, 2012 8:40pm Jan 26, 2012 8:40pm
Quoting Chicky
Trade #69 surviving.

If it hits sl, that would be time to repay the market temporary loan of about $1.50 collected in bits from each winner in the name of "Spread Cost".

Risk:Reward tactic would be totally different but strategy would remain unchanged, that is, 1:1 or equal risk/reward per trade.

In order to see that new tactic, you all hope that I lose this trade #69.

Off to gym for two hours.
Trade #69 hit sl. 1% Loss.

Trade #70.25 in progress. 25% of usual position. Long for 1.3124. This time, its not based on number of pips but the price level.
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The Thief of Wall Street
  • #599
  • Jan 26, 2012 9:02pm Jan 26, 2012 9:02pm
Quoting Chicky
Trade #69 hit sl. 1% Loss.

Trade #70.25 in progress. 25% of usual position. Long for 1.3124. This time, its not based on number of pips but the price level.
Trade #70.75 entered (remaining 75% position). Long for 1.3124.
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The Thief of Wall Street
  • #600
  • Jan 26, 2012 9:28pm Jan 26, 2012 9:28pm
Quoting Chicky
Trade #70.75 entered (remaining 75% position). Long for 1.3124.
Off to gym, will be back in about 2 hours. Was lucky that my car wasn't around to leave for gym and therefore was able to enter a position. Let's see how it turns out.
The Thief of Wall Street
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