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Pitbull Trader with Position Building

  • #741
  • Feb 6, 2012 2:31pm Feb 6, 2012 2:31pm
Quoting Edd Ganuelas
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
Well if you read the brijon thread you will find out i'll copy some from hes own thread here. "Step 4: Continue this process over and over; waiting until the bottom pair is in consistent profit, then close that trade (take the profit) and re-enter. As you take profit on your first size of .01, you re-enter at .04. As you take profit on your .04 size lot, you drop back down to .01 " Since i'm testing with small ammount i decided to take 0.02 I'm in the newb ,learning phase and i'm not very accurate with all this. Forgot to mention,internet is bad since heavy snow fall yesterday and that got me in the position.
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  • #742
  • Feb 6, 2012 2:32pm Feb 6, 2012 2:32pm
Quoting trader2012
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
Can you please show me how to configure your screen to show your profit in pips ( not in currency)?

Thanks,

Edd
  • #743
  • Feb 6, 2012 2:39pm Feb 6, 2012 2:39pm
Quoting kumetto
Well if you read the brijon thread you will find out i'll copy some from hes own thread here. "Step 4: Continue this process over and over; waiting until the bottom pair is in consistent profit, then close that trade (take the profit) and re-enter. As you take profit on your first size of .01, you re-enter at .04. As you take profit on your .04 size lot, you drop back down to .01 " Since i'm testing with small ammount i decided to take 0.02 I'm in the newb ,learning phase and i'm not very accurate with all this. Forgot to mention,internet...
Ok, fair enought.

Edd
  • #744
  • Feb 6, 2012 2:47pm Feb 6, 2012 2:47pm
Quoting Edd Ganuelas
Can you please show me how to configure your screen to show your profit in pips ( not in currency)?

Thanks,

Edd
Right click and set as you like
Attached Image (click to enlarge)
Click to Enlarge Name: profit set.jpg Size: 184 KB
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  • #745
  • Feb 6, 2012 2:50pm Feb 6, 2012 2:50pm
Quoting chips
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.
Is he allowed by his broker to trade initially a .01 (as his indi) on standard account and subsequently add trades thereafter of 1 lot?
  • #746
  • Feb 6, 2012 2:53pm Feb 6, 2012 2:53pm
Quoting kumetto
Right click and set as you like
Thank you
  • #747
  • Feb 6, 2012 4:39pm Feb 6, 2012 4:39pm
Has anyone thought using Higher Higher and Lower Lower to enter positions, therefore increasing your chances?
  • #748
  • Feb 6, 2012 5:41pm Feb 6, 2012 5:41pm
Quoting le celte
Hi,
And I am this guy :-)

belle soirée
jf
haha yes there he is. I made 5 trades using Celte's model. But its small amount of money but it does work so far.
  • #749
  • Feb 6, 2012 6:07pm Feb 6, 2012 6:07pm
Quoting guess121
Has anyone thought using Higher Higher and Lower Lower to enter positions, therefore increasing your chances?
What time frame you thinking? daily, weekly, h1 either way the market expands and contracts that is why I'm trying to understand this basket thing. sells win longs win just pull out as you want. But I admit I can not make it work yet. BUT

Sells start to win so CW puts on stacks (larger positions), if they keep winning he pulls the stacks off the table at the end of his day... he keeps his original 0.01 trades open, IF he wants too or he closes his basket.

If CW's longs starting winning he stacks them again he either pulls them off the table and banks them.. or he closes his basket at the end of the night.. either way he does not give a the broker any cash and he can stack and withdraw as much as he wants as long as he has the margin to do so. (that is key, so that is why Chips says don't over trade)

so if you trade the CW way you can make money today or make it on Friday as long as your net positive on the bottom right side of your screen.

If I'm wrong on any of this CW chime in when you wake up.
  • #750
  • Feb 6, 2012 9:54pm Feb 6, 2012 9:54pm
basket is taking a beating with the aud and jpy pairs
  • #751
  • Feb 6, 2012 11:53pm Feb 6, 2012 11:53pm
Quoting tommbstone
basket is taking a beating with the aud and jpy pairs
Whatever do you mean? I thought one cancels the other, sell AUD-JPY vs buy AUD-USD, other pairs have hardly moved, pray tell us more details?

Isn't that the sign you are looking for, trade the strong pair, print money today!

Attached Image(s) (click to enlarge)
Click to Enlarge Name: PB_01.png Size: 24 KB
Click to Enlarge Name: PB_02.png Size: 24 KB
It takes a lot for me to IGNORE you, but you can try.
  • #752
  • Feb 7, 2012 12:38am Feb 7, 2012 12:38am
I'm short audjpy from the bottom of that move. I came home from gym to find it way up there. So going short now on audusd don't help much now does it.

I suck at this.
  • #753
  • Feb 7, 2012 12:51am Feb 7, 2012 12:51am
Quoting tommbstone
I'm short audjpy from the bottom of that move. I came home from gym to find it way up there. So going short now on audusd don't help much now does it.

I suck at this.
As always, these posts are short on detail, so I will assume that is one of the Position trades rather than one of the Indicator trades?

I thought you were supposed stay with them and collect the profit or control DD in real time?

From Post 1

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

Sells:
USD/JPY
NZD/JPY
EUR/JPY
GBP/JPY
AUD/JPY
It takes a lot for me to IGNORE you, but you can try.
  • #754
  • Feb 7, 2012 1:59am Feb 7, 2012 1:59am
Quoting Erebus
As always, these posts are short on detail, so I will assume that is one of the Position trades rather than one of the Indicator trades?

I thought you were supposed stay with them and collect the profit or control DD in real time?

From Post 1

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

Sells:
USD/JPY
NZD/JPY
EUR/JPY
GBP/JPY
AUD/JPY
I hedged eur/jpy with 0.04 and leave buy 0.02 on aud/usd result is nice
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  • #755
  • Feb 7, 2012 10:28am Feb 7, 2012 10:28am
Quoting tommbstone
I'm short audjpy from the bottom of that move. I came home from gym to find it way up there. So going short now on audusd don't help much now does it.

I suck at this.
Sorry tommbstone... not sure why you would go short AUUS (was it) at the bottom of the basket running stable profit. AUD has seemded weak all day yes agree but also the USD and that pair has not been at the base of my basket all day! So unsure of that trade... thanks and...

Stop saying you suck! You don't. we are all learning ...
  • #756
  • Feb 7, 2012 11:11am Feb 7, 2012 11:11am
Quoting tommbstone
What time frame you thinking? daily, weekly, h1 either way the market expands and contracts that is why I'm trying to understand this basket thing. sells win longs win just pull out as you want. But I admit I can not make it work yet. BUT

Sells start to win so CW puts on stacks (larger positions), if they keep winning he pulls the stacks off the table at the end of his day... he keeps his original 0.01 trades open, IF he wants too or he closes his basket.

If CW's longs starting winning he stacks them again he either pulls them off the table...
This is on the track, trade sizes for me are 01 basket. 04 .10 .40 and .50 if the momentum is strong. I do sometimes pay the Br'k by closing a portion of a larger DD trade (this is my choice and not Chips recomendation) so if a trade is .40 in large DD I may decide to close and pay the br'k .2 but I wont do it to soon. There really is no hard and fast rule though.

today has been good with +4.38 banked +471 -113 net 358. Basket remaining at -$115 DD but swap tommorow. Tonight I choose to leave basket open.

I do find good sales are made when samir is +90 and -90.

Cheers.
  • #757
  • Feb 7, 2012 11:22am Feb 7, 2012 11:22am
Hi CW, good for you...and me ...+3.48% not in the same way than Chips but the account growing ...this is what is important and I never had a DD more then -2.50 %. always check the DD.. is the major key and the size lot.

Can you tell or explain more aboout the samir + 90 and -90 and what sales did you do???


Have a nice night.
  • #758
  • Feb 7, 2012 11:46am Feb 7, 2012 11:46am
Quoting liberty55
Hi CW, good for you...and me ...+3.48% not in the same way than Chips but the account growing ...this is what is important and I never had a DD more then -2.50 %. always check the DD.. is the major key and the size lot.

Can you tell or explain more aboout the samir + 90 and -90 and what sales did you do???


Have a nice night.
Hi Liberty...
I find that if the samir top pairs are +90 or above (Example today I made good trades on the EURUS (buys) and the samir is right up at 150+) I find they tend to produce good profit as momentum is strong if over 90 thats my way of using it.

Hope this makes sense....
Off for dinner and wine

Cheers
  • #759
  • Edited 1:57pm Feb 7, 2012 11:53am | Edited 1:57pm
thank you for all CW, it is my 4e week in good trading... around 28% without a lot of time in front of my computer and in the bad country for the trading ( day trading not position trading) I close the basket around 2-3% each time I have, if not I contol the DD

have a nive dinner and wine.
  • #760
  • Feb 7, 2012 12:23pm Feb 7, 2012 12:23pm
so I dumbed the other basket (I have two running)
here is the usa broker basket. I will no longer be selling the EJ since it follows the EU.
So let me know what I've done wrong so I can learn how to fix it.
Thx guys your all awesome.
Attached Image (click to enlarge)
Click to Enlarge Name: basketMBTnohedge.jpg Size: 86 KB
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