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Pitbull Trader with Position Building

  • #661
  • Feb 3, 2012 5:38am Feb 3, 2012 5:38am
hi Erebus, in your last post , you said 'trade the last 2 bottom pairs' and show on your attachement the 2 bottom but the size lot is 0.04.... I always thinking the 2 bottom pair are the initial pitbull indicator...


am i wrong ???


Passe une belle journée
  • #662
  • Feb 3, 2012 6:18am Feb 3, 2012 6:18am
Liberty, since you have your basket sorted from - to +, you will have the .04 at the bottom if it's your biggest winner. The .04 trades comes at least 1 hour after you open your basket. Hope this helps.



Quoting liberty55
hi Erebus, in your last post , you said 'trade the last 2 bottom pairs' and show on your attachement the 2 bottom but the size lot is 0.04.... I always thinking the 2 bottom pair are the initial pitbull indicator...


am i wrong ???


Passe une belle journée
  • #663
  • Feb 3, 2012 8:32am Feb 3, 2012 8:32am
Hi Marlin Man ,
I understand what you said and I added a position only 1h00 later or when the bottom is stable.
My question is , if the pitbull run until the last week, Do you choose the botton pair from the indicator or ( i supposed that the addes trade still open) the full basket???

thank
  • #664
  • Edited 10:02am Feb 3, 2012 8:42am | Edited 10:02am
This week is tough and minor intervention on my platform by the swiss and the jpy.

Pitbull have it covered...

I'm up 6% this week on my live account.

Just using small lots printing money my DD is under control.

happy trading.

I just want to say thank you to Brijon, PIPEASY and J16 and ff for making this happen.....
All they have given is invaluable...this is truly freedom ..they have lived it and that's why they decide to share to all who would listen
and take note.

All I can do is pass it on..because its not my own..the best way I know how..Some ppl will listen..and work at it ans some ppl will totally dump it...but that's how life is...not until you have DEMOED and THINK like a business, with clear mind and remove and or accept your BIASES and know that BIASES doesnt make your circumstance correct ..... you wont accept/believe that managing DD is Trading

One Love
  • #665
  • Feb 3, 2012 8:42am Feb 3, 2012 8:42am
Quoting liberty55
Hi Marlin Man ,
I understand what you said and I added a position only 1h00 later or when the bottom is stable.
My question is , if the pitbull run until the last week, Do you choose the botton pair from the indicator or ( i supposed that the addes trade still open) the full basket???

thank
Liberty, that is one great thing about this method is that you get to choose which best suits you. I know some guys that will keep the basket open for over 1 month and still others will close it several times a day. As Chips said, there is no right or wrong way to trade the system. Experiment with different ways and find one that suits your style of trading. I hope this answers your question.
  • #666
  • Feb 3, 2012 11:38am Feb 3, 2012 11:38am
Set your Max limit for DD...10%, 15%, 20% 30% ..depending on your tolerance/account bal...I can't decide that for you

Whenever your trades /current DD comes with limits...STOP TRADING.

Allow the market to recycle... Loss Profit Loss

Reduce exposure when your current DD is reducing...see th profit col

Think profit...Profit

You can at this time...write off stocks that go bad...

NOT ordering stocks is apart of good business management...when used properly.
  • #667
  • Feb 3, 2012 11:52am Feb 3, 2012 11:52am
This system rocks.I'm using it demo with 100 EU and i'm already winning in just 3 hours.And suits me well
Attached Image(s) (click to enlarge)
Click to Enlarge Name: demo1.jpg Size: 180 KB
Click to Enlarge Name: demo2.jpg Size: 161 KB
Trade with 60
  • #668
  • Feb 3, 2012 4:20pm Feb 3, 2012 4:20pm
Quoting kumetto
This system rocks.I'm using it demo with 100 EU and i'm already winning in just 3 hours.And suits me well
Good to know you are having fun.

May I suggest that everyone checkout Brijon's thread at stevehpwoodforex.com, but only after you've done the basic preparation.

he is testing a few eas that could potentially make 2:1 sales over the long term. I think we could make living off it, if we have correct settings.

check it out.
  • #669
  • Feb 3, 2012 4:46pm Feb 3, 2012 4:46pm
I noticed that Erebus has a different set of pairs on his screen shot. Just wounding if that is just his personal preference?

Yes I'm in USA on the worst timezone for trading (west coast) so there would be hedging problem's BUT I have an account with FinFX so in theory I could do it. Its not a regulated broker but trust so far has been good. I don't like the commissions, 7 dollars for a mini lot but the spreads are fair. So IF that is the best way to run pit bull then I would do it. YOUR THOUGHTS GUYS? (also I think its 100:1 or maybe 200:1 can't remember)

So going back to the screen shot that Erebus put up.. I see that he has buys and sells of the EurGbp. Is that how you would go about freezing DD on that pair?
If so how is "freezing" DD on a pair done for the USA guys who can NOT hedge same pair.
And I see that someone just said hold the basked as long as you want weekly daily monthly etc. I think weekly is a good starting option.
Again thx for the support everyone
much respect.
T
  • #670
  • Feb 3, 2012 4:48pm Feb 3, 2012 4:48pm
Quoting chips
Good to know you are having fun.

May I suggest that everyone checkout Brijon's thread at stevehpwoodforex.com, but only after you've done the basic preparation.

he is testing a few eas that could potentially make 2:1 sales over the long term. I think we could make living off it, if we have correct settings.

check it out.
is that the nanobob 10. something or nother on steve's thread your talking about Mr Chips?
  • #671
  • Feb 3, 2012 4:55pm Feb 3, 2012 4:55pm
Last question for the moment.

When is best time to open script? I was thinking Sunday night, market open and let it run all night (well night for me LOL) then sort in the morning. I'm not even going to put a chart on my screen, just going to try and "play the numbers game" first.

So any advise from other USA traders is greatly appreciated when it comes to DD and freezing negative positions.

Thx
  • #672
  • Feb 3, 2012 5:44pm Feb 3, 2012 5:44pm
Quoting tommbstone
Last question for the moment.

When is best time to open script? I was thinking Sunday night, market open and let it run all night (well night for me LOL) then sort in the morning. I'm not even going to put a chart on my screen, just going to try and "play the numbers game" first.

So any advise from other USA traders is greatly appreciated when it comes to DD and freezing negative positions.

Thx
Tombstone,

With Oanda you can have sub-accounts linked to your main account. Probably your easiest option as you only have to open one account with one broker. You can go long in your main acct and short in sub on same pair. You would of course have to fund both accounts.
  • #673
  • Feb 3, 2012 5:56pm Feb 3, 2012 5:56pm
Quoting tommbstone
is that the nanobob 10. something or nother on steve's thread your talking about Mr Chips?
Brijon Advance traders thread...
  • #674
  • Feb 3, 2012 6:11pm Feb 3, 2012 6:11pm
@ tommstone & liberty55, there were only 2 lines of text in my post, did you not read the 2nd line?

Quoting liberty55
hi Erebus, in your last post , you said 'trade the last 2 bottom pairs' and show on your attachement the 2 bottom but the size lot is 0.04.... I always thinking the 2 bottom pair are the initial pitbull indicator...

am i wrong ???
Quoting tommbstone
I noticed that Erebus has a different set of pairs on his screen shot. Just wounding if that is just his personal preference?
Quoting Erebus
You answered your own question, yes, trade the bottom 2 pairs after sorting.

See picture from Post # 5

Current Indicator with current trades

Quoting chips
This is a demo account with my trading screen.


THIS SYSTEM IS REALLY NOT FOR THE GUY WHO is starting out trading.
Don't nag me, I have a wife for that!

Many times this is told this is for ADVANCED TRADERS, yet you continue to ask basic questions, read all the thread(s), go to the other forum, watch the Youtube videos, do some research, you have all weekend, make a plan, write it down, do something, but don't expect someone to do it for you!

It takes a lot for me to IGNORE you, but you can try.
  • #675
  • Feb 3, 2012 6:25pm Feb 3, 2012 6:25pm
Quoting thorn
Tombstone,

With Oanda you can have sub-accounts linked to your main account. Probably your easiest option as you only have to open one account with one broker. You can go long in your main acct and short in sub on same pair. You would of course have to fund both accounts.
You can also hedge with same currency pair with fxdd and citipro in USA
  • #676
  • Feb 3, 2012 8:43pm Feb 3, 2012 8:43pm
So the indicators started in Jan...and I'm adding positions ..floating profit

if your account can handle it...using proper postions sizes..

Now i can pick off profit as I want..and add positions as I see fit...and let it grow....NO Stop Loss.

This is the ultimate way of trading the forex managing DD positions..using proper size on strong curencies..freezing loosing trades and let other grow... compounding other positions.... monitor daily..

As my bal increase and equity grows..I can add larger positions and stacking even more positions.....

See this happens within 1 month..imagine over six months....the account will explode...astronomically....

I will be using a BE EA....and i will freezing the losses....and profiting too from those losses.....

See when you demo this method ..you views open up...and you realize the pin point entry...is really not important...

I havent trade a pinbar...since I started..or even use PA or Technical data...or news report or anything...

Cheers....
Attached Image (click to enlarge)
Click to Enlarge Name: pitbulfeb322week-1.png Size: 184 KB
  • #677
  • Feb 4, 2012 12:38am Feb 4, 2012 12:38am
Quoting Erebus
@ tommstone & liberty55, there were only 2 lines of text in my post, did you not read the 2nd line?







Current Indicator with current trades



Don't nag me, I have a wife for that!

Many times this is told this is for ADVANCED TRADERS, yet you continue to ask basic questions, read all the thread(s), go to the other forum, watch the Youtube videos, do some research, you have all weekend, make a plan, write it down,...
Maybe we have the same wife?

I'm not an advanced trader, I'm a novice I guess, If I was advanced I'd not be here and I'm betting you would not either. My questions are not "how the *uck do I install the script?" (that gets annoying I know)

In fact as you keep pointing out, I've been answering my own questions so I have read this confusing thread. But conformation from traders who are doing it is nice.

My last real question was on freezing DD but no one has answered it.

The videos are painful to watch and all over the place. I will try again this weekend.

I though since this tread and the others like it have had so much negativity and so much abuse from other members that you'd be willing to help out people who want to leave that crap behind. I'm trying to stretch out my mind here.
I guess you guys don't have the patients to teach an old dog new tricks after all, and that's cool, its your thread.

As always much respect.
T
  • #678
  • Feb 4, 2012 1:14am Feb 4, 2012 1:14am
Tommbstone, there are several people who will be more than happy to help you out. Just dont always expect an answer immediately as I am currently typing this from Africa! Just be patient - it's the weekend. I'll give a suggestion on freezing dd later on. On the way out with the wifey!



Quoting tommbstone
Maybe we have the same wife?

I'm not an advanced trader, I'm a novice I guess, If I was advanced I'd not be here and I'm betting you would not either. My questions are not "how the *uck do I install the script?" (that gets annoying I know)

In fact as you keep pointing out, I've been answering my own questions so I have read this confusing thread. But conformation from traders who are doing it is nice.

My last real question was on freezing DD but no one has answered it.

The videos are painful to watch and all over the...
  • #679
  • Feb 4, 2012 1:15am Feb 4, 2012 1:15am
Good morning Courtney! Have a nice weekend. You working today?
  • #680
  • Feb 4, 2012 1:23am Feb 4, 2012 1:23am
Thanks Marlin,
I very much appericate it.
I'd much rather ask a few simple questions over here in FF land than in SH land. Since his thread is for advanced only.

Have a good day with wifey. Mine is snoring right now. sheeze
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