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  • #621
  • Feb 1, 2012 8:36am Feb 1, 2012 8:36am
Great stuff guys ...the only way is to demo..and find yourself.

I hope everyone use the Tripple Swap ...as a staple in their trading as its almost...a GIVEN.

I still with current trend...however, I have showed all that I need to show.

occasionally, I will stop here and give a update.

One does not need lots of techniques...just dont be greedy.

Make the plan and trade it.

My live account is with the trend also. that is my focus..it real easy to print money in the account...

I am using the majors of 6 to trade..the pitbul way..with positions

cheers and happy trading
  • #622
  • Feb 1, 2012 9:14am Feb 1, 2012 9:14am
Quoting chips
Great stuff guys ...the only way is to demo..and find yourself.

I hope everyone use the Tripple Swap ...as a staple in their trading as its almost...a GIVEN.

I still with current trend...however, I have showed all that I need to show.

occasionally, I will stop here and give a update.

One does not need lots of techniques...just dont be greedy.

Make the plan and trade it.

My live account is with the trend also. that is my focus..it real easy to print money in the account...

I am using the majors of 6 to trade..the pitbul way..with positions...
THANK YOU CHIPS.

You're right, there's no complex scenarios to learn... just demo the basket.
Thanks for all your work and please do keep returning...
Triple swap tonight...
  • #623
  • Feb 1, 2012 9:39am Feb 1, 2012 9:39am
I traded the modified 14 pair basket in a demo account from Jan 9th through today and got a return of +23.7%. I traded my 14 pair indicator and actual directional trades in the same account thus the high number of trades.

http://my.jetscreenshot.com/demo/20120201-xw7j-77kb.
Trading can't be taught but it can be learned
  • #624
  • Feb 1, 2012 9:59am Feb 1, 2012 9:59am
Quoting Pipsninja
I traded the modified 14 pair basket in a demo account from Jan 9th through today and got a return of +23.7%. I traded my 14 pair indicator and actual directional trades in the same account thus the high number of trades.

http://my.jetscreenshot.com/demo/20120201-xw7j-77kb.

Very nice work indeed, 23% is pretty amazing really.
  • #625
  • Feb 1, 2012 11:15am Feb 1, 2012 11:15am
Hey guys,

I'm new to the thread, but been messing around with this since last thurs.
I demo'd thurs and fri of last week and liked what I saw, so I launched it on a real account on Mon. at NY open. I then closed everything later in the Asia
session because I did not want to sleep with it open. On Tues NY open I launched it again and let it run since. I have traded it conservatively using only $0.10 per pip and only added to a trade a very few times. At this time
I am up $60. that boils down to about 500 pips profit since Mon. if I closed everything right now.

I have been relaxed and had no real scares and my draw down has not exceeded $50 yet.

I think I am beginning to like this even though I am not sure I completely understand how to trade it in the most effective way. I have just taken profit on the bottom pairs that were in profit and then added them back in the basket.

Things have seemed a bit choppy so I have not added to many trades in order to get the most benefit from the ones that appear to be strong because they seem to be changing rapidly.

Look forward to sharing with you guys in the future.
  • #626
  • Edited 11:59am Feb 1, 2012 11:47am | Edited 11:59am
Hi Chips and CW, after 14 days, with out stress and very conservative positions the account grow about 20.5%. the next for me is to add more trades with eyes on DD..... ( I check always DD...)

thank

have a nice day
  • #627
  • Feb 1, 2012 12:45pm Feb 1, 2012 12:45pm
Quoting tubguy
Hey guys,

I'm new to the thread, but been messing around with this since last thurs.
I demo'd thurs and fri of last week and liked what I saw, so I launched it on a real account on Mon. at NY open. I then closed everything later in the Asia
session because I did not want to sleep with it open. On Tues NY open I launched it again and let it run since. I have traded it conservatively using only $0.10 per pip and only added to a trade a very few times. At this time
I am up $60. that boils down to about 500 pips profit since Mon. if I closed everything...
cool...When the maket is ranging you know...pitbull keeps you out..
when it's time to go you know also...
  • #628
  • Feb 1, 2012 12:47pm Feb 1, 2012 12:47pm
another update by brijon thought everyone should read this...
its the core rules


THE basics simple rules i use


1/ loss profit loss in all time frames


2/ dont be greedy eg 12 pips trailing profit


3/ trading the forex as a buisness


4/ a clear concise realistic buisness plan


eg 100% anual profit broken down eg 5k annual to monthly then weekly then daily

plan your work focus on your plan as a basic daily min target


5/ find your favourit currency
that pays that pays you positive swap interest

this is money flow and a security for your future trades in draw down and stock control

6 focus on 3 other curencys that give you minium drawdown as a three
12 PIP TRAILING PROFIT STOP


A/ eg buy EURGBP ANCHORE BUY EURUSD, BUY GBPUSD

B/ EG SELL EURUSD SELL USDCHF BUY EURCHF

so these are very low drawdown currencys you can use at total profit before roll over with your favourite currencys

so eg in this screen snap shot used AUDUSD AND GROUP A BEFORE ROLL OVER AS TARGET RUN UP TO TRIPPLE SWAP


7. DD Limit max 10% of account size
  • #629
  • Feb 1, 2012 12:52pm Feb 1, 2012 12:52pm
[quote=chips;5346672]

A/ eg buy EURGBP ANCHORE BUY EURUSD, BUY GBPUSD

B/ EG SELL EURUSD SELL USDCHF BUY EURCHF



what does he mean ?
  • #630
  • Feb 1, 2012 2:23pm Feb 1, 2012 2:23pm
Quoting chips
another update by brijon thought everyone should read this...
its the core rules


THE basics simple rules i use


1/ loss profit loss in all time frames


2/ dont be greedy eg 12 pips trailing profit


3/ trading the forex as a buisness


4/ a clear concise realistic buisness plan
what does he mean ?
It takes a lot for me to IGNORE you, but you can try.
  • #631
  • Feb 1, 2012 7:35pm Feb 1, 2012 7:35pm
From the prior posts it appears that there are many questions regarding this strategy and it may simply be a matter of properly communicating the ideas from the thread author. So let me pose the following questions as simply as possible and hopefully everyone can gain more clarity from the answers that we receive.

Does this strategy require that a trader initiate the following 10 trades in his LIVE account?

Buys: Sells:
AUD/USD USD/JPY
NZD/USD NZD/JPY
EUR/GBP EUR/JPY
EUR/USD GBP/JPY
GBP/USD AUD/JPY

He then sort-ascends the profit column with the greatest loss at the top and ascends down to the greatest profit at the bottom. He then manages these positions by selling the bottom two profitable pairs once they are stable (meaning they have been in profit mode for some time - perhaps 5-15minutes and have stayed in the bottom 2 positions). The trader can then initiate new trades in the same pairs he just sold and in the same direction. These new trades can be for the same position size or greater, depending on his risk tolerance.


OR DOES THE TRADER trade the above 10 currency pairs using his DEMO account - which is running at all times - and then ONLY trade the bottom 2 profitable positions in his REAL LIVE account? He can then manage those live trades as his trading plan dictates and continue to add live trades once the bottom 2 positions in his DEMO account turn profitable?


Please answer as simply as possible as the answers should help clarify this strategy. Thank you.
  • #632
  • Feb 1, 2012 10:09pm Feb 1, 2012 10:09pm
Does this strategy require that a trader initiate the following 10 trades in his LIVE account?

Buys: Sells:
AUD/USD USD/JPY
NZD/USD NZD/JPY
EUR/GBP EUR/JPY
EUR/USD GBP/JPY
GBP/USD AUD/JPY

He then sort-ascends the profit column with the greatest loss at the top and ascends down to the greatest profit at the bottom. He then manages these positions by selling the bottom two profitable pairs once they are stable (meaning they have been in profit mode for some time - perhaps 5-15minutes and have stayed in the bottom 2 positions). The trader can then initiate new trades in the same pairs he just sold and in the same direction. These new trades can be for the same position size or greater, depending on his risk tolerance.



This is the ans....Please read page 1 again too

I must there no wrong or right way to trade..you will have to find you own..
It a concept...but you have to demo and out of it you lean 95% of what trading is...is to control DD
  • #633
  • Feb 1, 2012 10:14pm Feb 1, 2012 10:14pm
Quoting Erebus
what does he mean ?

#4 A clear concise business plan..

With this method dont be greedy..it easy to add money to the account.

So.. set a realistic growth percentage for the business....most business have a realistic plan...
then break it down monthly, weekly daily...in dollars.. then trade conservatively to achieve to desired yearly growth..

Brijon and I showed...that 50% growth is achievable in a short time..but manage the risk.. properly but using a business plan..even though you will exceed the target.
  • #634
  • Feb 1, 2012 10:17pm Feb 1, 2012 10:17pm
[quote=tarrini65;5346697]
Quoting chips

A/ eg buy EURGBP ANCHORE BUY EURUSD, BUY GBPUSD

B/ EG SELL EURUSD SELL USDCHF BUY EURCHF



what does he mean ?

Brijon is saying that you can trade to corelated currencies also.

I wont say much...because you will have to load then up on demo and see for yourself
  • #635
  • Edited 10:53pm Feb 1, 2012 10:26pm | Edited 10:53pm
I believe that "subrule A" as presented in Brijon's Basic Simple Rule 6 is not correct. According to my understanding of Brijon's intent in Rule 6, it should read, "Focus on 3 other currencies, eg. buy EG as anchor currency, then sell EU and buy GU as triangular hedge".

Why? In "subrule A" as presented you essentially have EU (2 times). If however you sell EU in "subrule A" rather than buy EU, you form a "perfect triangular hedge", the same as "subrule B" (buy EC as anchor, sell EU and sell UC) is a "perfect triangular hedge".

NOTE: I understand there is no such concept as a "perfect" hedge, but this triangular concept approaches it.

Just my humble opinion, Jon
  • #636
  • Feb 1, 2012 11:09pm Feb 1, 2012 11:09pm
Quoting chips
Does this strategy require that a trader initiate the following 10 trades in his LIVE account?

Buys: Sells:
AUD/USD USD/JPY
NZD/USD NZD/JPY
EUR/GBP EUR/JPY
EUR/USD GBP/JPY
GBP/USD AUD/JPY

[color=black][font=Times New Roman]He then sort-ascends the...

Not sure what you just said above other than there is no right or wrong way to trade, however your response did not address the question. You obviously must have some parameters and from page one you make it appear as if you trade all 10 pairs on a live account. Then as the thread progresses, you begin to mention, in very difficult to understand language, that one way to trade this system is to ONLY trade the bottom 2 profitable positions....I realize that there are many variations to the system, however how was the system originally intended to be traded? As that is the starting point and then once that starting point is known - traders can then "custom fit" their own parameters based on their experiences using the demo account and watching the "ebb and flow" of the market....I guess I just answered my question - there are no parameters and there is no correct way this system is originally intended to be traded...some may choose to trade all 10 pairs and some may choose to "cherry" pick only the profitable ones on the bottom 2 positions....
  • #637
  • Edited 12:39am Feb 2, 2012 12:12am | Edited 12:39am
Quoting ragu
Not sure what you just said above other than there is no right or wrong way to trade, however your response did not address the question. You obviously must have some parameters and from page one you make it appear as if you trade all 10 pairs on a live account. Then as the thread progresses, you begin to mention, in very difficult to understand language, that one way to trade this system is to ONLY trade the bottom 2 profitable positions....I realize that there are many variations to the system, however how was the system originally intended to...
What I'm am saying is trade the bottom pair in profit..you got the instructions correct. However once you start to demo the system..you will realize that..you will formulate you own.. method of controlling DD.

DD is the name of the game...95% of the method is how to controll the DD..not printing money...

Too much theory and written explanations...Practice and find for yourself..

Most ppl will get confuse by just thinking about...it... but a kid would go and play the game...

An adult background is full of BIASES...this box-in the mind for creating creative options/solutions , ppl are by the book
I am a culprit of that..but I remind myself...to think free and open minded like my kids...

most ppl are even too scared to DEMO ..DEMO AND DEMO..because of fear of failure...

I can explain a whole bunch of ways to you how to apply DD concept..but it will do you no good..unless you practice...

I have shown it on the screen for all of January...

DO DEMO ...pls...load the pairs and demo...you will fins that you don't even need those pairs...once you figure how to control DD.

Currently i'm using the following pairs on my live acc .....
for me the pairs doesnt' really count anymore..I got low spread from the broker....really low and i'm with the majors..
I'm aware of the intervention..and there's a plan for that....I wont be posting my live account there's no need I showed the concept on demo day by day.

BUYS
AUDUSD
EURUSD
GBPUSD

SEllS
USDCAD
USDCHF
USDJPY

ON my live account... I use DD Manage techniques to trade the account
So I apply ..Tripple SWAP...hedging...position reduction...loss profit loss
BE. Ratio balance with the trend.on positions and other method to trade..

but 95% of the Time I'm thinking how to controll DD...

On Live..I'm more conservative..I follow a realistic business plan..growing the account at set dollar rate..I made my target for this week.I control my positions and sizes...

So theres is no wrong or right way..it the concept that matters....and the main focus si DD control..and Greed.
  • #638
  • Feb 2, 2012 12:37am Feb 2, 2012 12:37am
Thank you for your response as that has brought more clarity to the system. Viewing the basket of currencies in reality is like viewing an index and then simply trading the outperforming pairs using sound management techniques. I've demo'ed the system using all 10 pairs with very good results over the last week and a half however waiting to see the performance once the dynamic shifts and the "buy" pairs drop while the "Sell" pairs rally....as you mentioned the key is money management and controlling drawdown as best you can during trending periods. I appreciate your quick response and feedback.
  • #639
  • Feb 2, 2012 1:03am Feb 2, 2012 1:03am
as I understand the strategy, it is about exploiting the cycles of the market going up and down, we have correlated pairs which favor the swing of the cycle one way while the other negativly correlated pairs don't favor from it, those unfavorable pairs will become in loss and will be on top of MT4 and the pairs that favor will be on bottom, those in the bottom or the 2 from the bottom that are in stedy profit are the ones to trade live acording to brijons original idea, and the rest should be on a demo acount and only work as an indicator for the cycle trend. atleast that is how I understand it, there is apparantly some traders that are trading all the pairs live and are doing well with that, my own experiments have shown that when trades are closed in profit the drawdown will rise at the same time as the acount grows from taking profit on the bottom pairs , atleast when trading all the pairs live, this would not be happening if only the bottom pairs are traded live because they will be in the direction of the cycle trend until it reverses. so there isn't much of a drawdown to control, well it could, it would be like jumping into a trade in the direction of the trend blindly without stoploss, fear keeps us from doing something like that, so I think I prefer to trade all the pairs live to, why trade the hedge? it is because you are limiting the drawdown, it doesn't make so much different if some pairs go down because they are balanced with the negativly correlated pairs which will go the oposit way. if all pairs are traded live then obviously the drawdown will keep rising when profit is taken but it is limited, the drawdown will turn around when the cycle is reversing back, then it's up to the trader to watch the indicator which is your demo acount or live, once the top pairs change direction and are starting to get in profit or less drawdown the cycle trend has reversed and the ones that was in the top before will drop down in the bottom and are beginning to show profit, this is a slow process and price might go a long way before it is vissible in the indicator so it is lagging incredibly, one must really watch charts also to being able to see when a major trend changes, so I don't believe in the idea that only this indicator is neccesary. there is much better indicators like brianindex3 and the hedgedashboard which can be found in brijons old thread. I understod that brijon only liked to trade the hede in the direction with favorable swap rates but I think it can be traded both ways, but the profit will be less ofcourse, the pairs are carefully selected because of their correlation to eachother, so you couldn't just trade any pairs. I think it's a genious idea once you can get what it's all about but it can definitley be improved with some hard core rules, as it is now, you have to do all this on gut feeling and what the indicator is telling you. I think the hedge could be optimised with using different lot sizes depending on volatility, not sure how to do that yet. sorry for the typos
Bulls are stupid Animals!especially when Im short!
  • #640
  • Feb 2, 2012 1:40am Feb 2, 2012 1:40am
Quoting roughtrader
as I understand the strategy, it is about exploiting the cycles of the market going up and down, we have correlated pairs which favor the swing of the cycle one way while the other negativly correlated pairs don't favor from it, those unfavorable pairs will become in loss and will be on top of MT4 and the pairs that favor will be on bottom, those in the bottom or the 2 from the bottom that are in stedy profit are the ones to trade live acording to brijons original idea, and the rest should be on a demo acount and only work as an indicator for the...
I know what you are saying, but have you demoed the system as yet..

Free you mind and use the base systems.

Then you will realize that DD management is applicable to any pair even a single pair..

Brijon him sell says that trading is managing DD...so is doesn't matter what technique you use if you Demo the pitbull one will see and know for sure how the manage DD and the fear will be taken out...

A single pair could be use ..but more patient

I also think DD all the time mostly off screen...

Use whatever indicator system ,charting technique doesn't matter...
DD management is the key
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