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Pitbull Trader with Position Building

  • #721
  • Feb 6, 2012 7:39am Feb 6, 2012 7:39am
Hi ALL,

Im testing this method. But I really love the idea...make it as business.
At the end of NY session, I want to close all position including the basket...if in profit. Otherwise, just hold it and let em cycle. If the cycle take too long to reverse...hedge is good option.
For hedge option, im thinking to do it if stock goes 200 pips away from profit. Any comment?

Please notice i prefer the display be in PIP term. I lose idea when see it in currency (bad of me)

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: MY RESULT.JPG Size: 102 KB
  • #722
  • Edited 8:13am Feb 6, 2012 7:54am | Edited 8:13am
Hi Trader2012, nice performance... depend what is your goal of the day ( 1 %, 2%, 3% or more) you can do something: for me, you BE your winning positions or you can close the the basket.. with what you show... you have an effencency about 4.3%...if you think what the bank give annualy...


for me, my goal is around 2-3% / day but no wrong way, no good way only look if your account grow... and control your DD

have a nice day.
  • #723
  • Feb 6, 2012 8:39am Feb 6, 2012 8:39am
That's from friday. I left the trade opened.Today i haven't luck my internet connection was down because of hosts problem with snow etc. And this is the result. I'm thinking if i could manage this and get off on profit it would be perfect sign that this is going to work for me : )
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Click to Enlarge Name: page1.jpg Size: 179 KB
Click to Enlarge Name: page2.jpg Size: 224 KB
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  • #724
  • Feb 6, 2012 10:49am Feb 6, 2012 10:49am
Quoting Edd Ganuelas
I started a $5000 demo account January 27 to be exact. During the first two days, DD went as high as $150, but managed to bring down to $50/$90 levels as the rest of the week progressed. As the issue on jpy government intervention to weaken their currency is all over the fourm, I put a .05 lot pending orders on my jpy pairs at the start of Feb in the buy direction, until I realized I am too close. 3 pairs triggered a trade that let my dd high as as $120 for a couple of days. It eventually went north in my direction resulting to nice profit.

GU...

Got 90 pips from this morning NY session (11:30) from 3 pairs AU,NU & EU. Add on trades including GU still on negative territory.
  • #725
  • Edited 11:20am Feb 6, 2012 10:56am | Edited 11:20am
Quoting kumetto
That's from friday. I left the trade opened.Today i haven't luck my internet connection was down because of hosts problem with snow etc. And this is the result. I'm thinking if i could manage this and get off on profit it would be perfect sign that this is going to work for me : )

Be patient play the TRipple SWAP on Wednesday.. AUDUSD..bal..the Account..

Note How many lots do you have in DD...-Ve bal..
Trade that size on Tripple sWAP runup...gain pips...to NET the loosers..
Most of all be patient..

You are actually not using proper position sizes to account bal.. this brings fear..and loss of hope and the system doesn't work mentality.

For the most part..trade as you would operate a business..set realistic goals...for the long term..

increase growth steadily..some postions take hours sometime days...how much capital do you have..and patience...to stick with your business when tough times hit...

IF you have a plan it makes it easier..
  • #726
  • Feb 6, 2012 11:21am Feb 6, 2012 11:21am
Quoting chips
Be patient play the TRipple SWAP on Wednesday.. AUDUSD..bal..the Account..

Note How many lots do you have in DD...-Ve bal..
Trade that size on Tripple sWAP runup...gain pips...to NET the loosers..
Most of all be patient..

You are actually not using proper position sizes to account bal.. this brings fear..and loss of hope and the system doesn't work mentality.
I got that all the way I just need training and yes i'm patient.For me ,this strategy cannot fail i believe in that.If i loose now i will double 'em tomorrow.I have to many buy 0.02 when te most of the market is sell on that pairs and less sells on the strong sell pairs thats all,I shouldn't do that.Next time i'll be more careful and will be ok
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  • #727
  • Feb 6, 2012 11:28am Feb 6, 2012 11:28am
I was down -$55 in my live account after printing twice that amount..
However, I am in for the longterm..

I printed more dollars while in DD...and then stop trading this allows the cycle to bring the account back up ...to -$19

I could close out now to profit..but why should I ...I can print and manage the account UP DOWN SIDEways..

Controlling DD is key...

I'm trading my own pairs...as indicators...all majors..

I entered in the weekly trend direction...this direction doesn't change overnight....

I am buying and selling using small lotsizes.

My goal is to double the account by printing $100 per week...so approximately $20/day.

While controlling to DD

I wont even mention my longterm goal...I will let you all know....went i'm there
  • #728
  • Feb 6, 2012 11:38am Feb 6, 2012 11:38am
You know i'm thinking just like that.More print small lots more net profit and long term trading maybe never exit if its possible.
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  • #729
  • Feb 6, 2012 11:40am Feb 6, 2012 11:40am
Quoting courtneywild
Hi tommbstone.

Sorry the post was not directed at you. It was to anyone wishing to post
Not that I can or am trying to police this thread, its not my position to do so it was just... "come on mates" before we descend into anarchy.. lets wise up.
I was on the original BJ thread for a couple of months and then he got slung off and there were some pretty disgusting posts on there. Then Chips stated this thread and he got the same abuse, then people start attacking others... its all silly. Thankfully it has now passed and we are foucing...
I remember all the attacks in this thread and the old. Thats part of why I said forget it. To many +10v's shouting back and fourth. I think FF should do away with the stupid vouch system.
But like i said earlier I'm off work for a bit with injury so why not try something new. Not like I'm a millionaire doing what I'm doing anyway.
  • #730
  • Feb 6, 2012 11:44am Feb 6, 2012 11:44am
Quoting chips
I was down -$55 in my live account after printing twice that amount..
However, I am in for the longterm..

I printed more dollars while in DD...and then stop trading this allows the cycle to bring the account back up ...to -$19

I could close out now to profit..but why should I ...I can print and manage the account UP DOWN SIDEways..

Controlling DD is key...

I'm trading my own pairs...as indicators...all majors..

I entered in the weekly trend direction...this direction doesn't change overnight....

I am buying and selling using small lotsizes....
Chips,

A nice start for the week. Thank you for your post.

Edd
  • #731
  • Feb 6, 2012 11:48am Feb 6, 2012 11:48am
One pitbull master wants to take a 50K account and print 1K/week profit on it, with at least 2:1 margin over the longterm.

Thats $48K/per year of investment capital gains...minimum..

Investment capital gains is usually tax less...

Now that is a business plan for anyone that is serious...

Cheers.
  • #732
  • Feb 6, 2012 11:50am Feb 6, 2012 11:50am
Quoting kumetto
What's up ppl? Any good news,bad news etc.:nerd:
Old habits are hard to die Mr Kumetto, LOL
So I had the script running (key word had) last night on 3 demo accounts
as you know I my MBT (usa) was running I put ea on to close it out at 10 dollars profit, well in my sleep it went to ten.
I did the same on the tradefort. In my sleep it when to 10 I'm up 1.13% no loss in that account.
Now my finfix account was a disaster last night. I was heavy in drawn down and no matter what I did it was getting worse and worse. The longs were dropping the shorts were rising. I got frustrated set an ea to close at 50 dollars profit and when I woke up...basket closed for $50 dollars.

So even though I never lost money. I failed at this method.
So now I'm not sure If I open another basket now or wait until new day bar.
  • #733
  • Feb 6, 2012 12:01pm Feb 6, 2012 12:01pm
Quoting tommbstone
Old habits are hard to die Mr Kumetto, LOL
So I had the script running (key word had) last night on 3 demo accounts
as you know I my MBT (usa) was running I put ea on to close it out at 10 dollars profit, well in my sleep it went to ten.
I did the same on the tradefort. In my sleep it when to 10 I'm up 1.13% no loss in that account.
Now my finfix account was a disaster last night. I was heavy in drawn down and no matter what I did it was getting worse and worse. The longs were dropping the shorts were rising. I got frustrated set an ea to...
From what you wrote I can't see any bad news Sometimes someone else must profit too if you know what I mean
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  • #734
  • Feb 6, 2012 12:17pm Feb 6, 2012 12:17pm
hahah your right no bad new news. And just think If I made only 10 dollars a day I would have close to 250k in 20 years. my own extra little nest egg when I retire. LOL

so I still consider it an epic fail. The main thing I was trying to do was make the finfix account grow so I gotfrustratedd and let it close in a profit cycle while I was in bed.
I should have left it for this morning but my day is theAsiann session. The good sessions are all when I'm in bed. I need to move to London I guess.
  • #735
  • Feb 6, 2012 12:28pm Feb 6, 2012 12:28pm
"And just think If I made only 10 dollars a day I would have close to 250k in 20 years" That sounds like a plan don't you think You have planed all this in your mind Not bad,not bad
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  • #736
  • Feb 6, 2012 12:36pm Feb 6, 2012 12:36pm
Tommb i live in EU but I'm still testing the option to leave the trades opened untill i got 50% + growth on net profit.And its test for all kind of crashes PC crash ,host crash since i don't have and don't want to give money for VPS or maybe i want to know what will happen if i just leave the trader to work day and night.If i manage to trade like this ,thats my holy grail then
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  • #737
  • Edited 1:43pm Feb 6, 2012 1:40pm | Edited 1:43pm
You mean just open the buys and sells and just let it take the 10 dollars errr I mean euro?
Well I guess but that is a long road to recovery. You said your country is in bad shape... I don't think 10 euro a day will workfor you. Now if you got 50e a day you'd make 1000e a week so if you can make that work .... and if you DO come back and tell me you did.

so let me set you on the pitbull scalping method.. its not pit bull at all, and now I'm polluting the tread.
Please forgive me Mr Chips

OK Kumetto
let me point you to someone who is scalping. He just trades the bottom of the SHF-PitbullIndicator for 10 euro a few times a day.

the workd doc called "hi pitbull" is not as detailed but its the same guy
Good luck
oh one more thing, if you can't find the indys or ea just pm me. I don't want to junk up this thread. or just go to SH 's board and get them.
Attached File(s)
File Type: doc Hi Pitbull.doc   26 KB | 1,199 downloads
File Type: doc How I trade this concept.doc   421 KB | 897 downloads
  • #738
  • Feb 6, 2012 1:55pm Feb 6, 2012 1:55pm
Quoting tommbstone
but its the same guy.
Hi,
And I am this guy :-)

belle soirée
jf
  • #739
  • Feb 6, 2012 2:20pm Feb 6, 2012 2:20pm
Quoting kumetto
That's from friday. I left the trade opened.Today i haven't luck my internet connection was down because of hosts problem with snow etc. And this is the result. I'm thinking if i could manage this and get off on profit it would be perfect sign that this is going to work for me : )
Let me know how you come up with and indi (upper screen photo) with a lot composed of .01 and .02 - is that a balance hedge?

Thanks,

Edd
  • #740
  • Feb 6, 2012 2:27pm Feb 6, 2012 2:27pm
Quoting tommbstone
You mean just open the buys and sells and just let it take the 10 dollars errr I mean euro?
Well I guess but that is a long road to recovery. You said your country is in bad shape... I don't think 10 euro a day will workfor you. Now if you got 50e a day you'd make 1000e a week so if you can make that work .... and if you DO come back and tell me you did.

so let me set you on the pitbull scalping method.. its not pit bull at all, and now I'm polluting the tread.
Please forgive me Mr Chips

OK Kumetto
let me point...
Lol you missunderstood me.I'm not taking any 10 euros.I want to know if the system can work 24/7 and make profit.For example i trade today but i make only net ,basket is minus something $$ I'm taking a sleep then continue tomorrow without to worry of loss acc. And i trade the minimum only 100 eur thats all
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