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  • #801
  • Feb 10, 2012 10:29pm Feb 10, 2012 10:29pm
So if the Eur/usd is at the bottom after i check the Profit/loss column after a few hours. It remain stable for a while. I decided to make a buy for Eur/usd. I buy 0.04 lot.

Once i click the buy. The price seem to go against me. The price dropped. The price move -100 pips down. I decided to hedge it by opening a sell 0.08 lot. Now the price move up. In such scenario...How does one get out of such situation..if the price bounce up and down between 100 pips.?

I think this strategy would be good to show or talk about some scenario case. And then how one should react to manage DD.

I believe there must be some methodology to managingdd. We really need someone who is already confident of knowing how to manage dd and explain well.
  • #802
  • Feb 10, 2012 11:01pm Feb 10, 2012 11:01pm
Why don't you all go and learn to trade. ???????

This is nothing but a bunch of BS....
Master your Mind,,,Master the Market
  • #803
  • Feb 11, 2012 12:22am Feb 11, 2012 12:22am
Quoting Marlin Man
Ok, I hope everyone that was in heavy dd, like myself, was able to trade out of it with this latest move. I opened a small micro acct to test this system out. I was easily able to dig myself out of the hole and could have made a lot more $$ had I looked at my computer more. I deliberately did not open my platform for 2 days on this account just to see if I could trade my way out of it. I had a total of 30 position open at once. I was able to close all the trades out in decent profit except for 4. Of the 4, one is .4 lot and the...
Given that that you did not open the trading platform for 2 days, I would give more credit to market conditions trading out of the drawdown more than anything you did, no?
It takes a lot for me to IGNORE you, but you can try.
  • #804
  • Feb 11, 2012 8:17am Feb 11, 2012 8:17am
Quoting bluesteele
Why don't you all go and learn to trade. ???????

This is nothing but a bunch of BS....
If i place 5 trades based on the latest super fandango latest to hit FF guaranteed money making system,, ......and they lose........
and I place 5 trades based on the pitbull indicator, and they lose,.....

Whats the ffing difference., ??

The difference is that I have a choice, and because I have a choice, I follow Pitbull.

So explain to me where the BS is in using this method?

In fact, post a video explaining why this method cannot work, wer'e still waiting for your other mate lilliese to post up his video of his pip machine in operation,, in fact lets cut the crap here, post up your winning formula to and lets all go for a beer, if you have one......... beer that is.

M.
  • #805
  • Feb 11, 2012 9:23am Feb 11, 2012 9:23am
Quoting Erebus
Given that that you did not open the trading platform for 2 days, I would give more credit to market conditions trading out of the drawdown more than anything you did, no?
Erebus, you are exactly correct!!! and that was my point also. Profit, loss, profit. But, I did it more profitably using the dd techniques I have mentioned in my previous posts. It's all part of the market swings and not trying to micro-manage trading. When the market finally did swing back in my favor, I had positioned myself with the larger orders (.4) at prices not too far away from their turning points and when the market retraced, bingo, profit. I hope that makes sense to you. Good luck.
  • #806
  • Feb 11, 2012 1:25pm Feb 11, 2012 1:25pm
I did test this method on demo starting few weeks back. Last few weeks were ok since im able to close out both the basket .01 and 0.04 lot (i used 0.02), but starting from wednesday im beginning to get into some serious DD. I had seen the basket if left alone goes into aprrox -44$ or 440pips dd.
I did trade as specified which is adding stock(trades) on the bottom (highest in profit) about 4 pairs ,since each one was replaced by new more profitable trades on the basket. Now all four addons in dd, its gets to -55$...just saying how dangerous this could be if more trades are added since the highest pair in profit kept changing..the dd doesnt decrease but increased.
Last month i did test pb...the dd goes into -$77, which is a whooping 700pips..used 0.01lots back then, imagine 0.04??? In a small account it could easily be wiped out. About the profit loss profit..it didnt happen since the dd got larger instead , but maybe i did a lot things wrong compared to those who has been successful ,but after many attempts i still didnt figure out what i did wrong. The thought of having 20>plus trades in a live account is sure scary...one mistake then boom...
Haha for the basket, it didnt cycle ,it somehow went negative dd in the end, but it would help if i knew for certain if would return into profit after weeks ,months or years?? i wouldnt want to wait that long.
Instead of helping with the dd, the addon trades always seemed to add to dd, not helping at all.
In my opinion a safer move is to use a bigger lot on the basket say 0.10 lots..then having the add on using 0.01 like already mentioned by one trader earlier. Incase of adding towards dd, the lots is only 0.01 and added gradually, not like a shock towards 0.04 lots...thats a big inbalance towards the basket i think. This could contribute into smoother equity swings...and this looks like we are trading like statarbs strats..maybe im wrong... im guessing those guys added trades daily ,maybe 1 or 2 trades per day to balance the basket so the dd is manageble. Even then they have the software to calculate how much lots to add or pairs.
Doing this maybe after we swing the basket into profit we can close all..thats my theory , this may not work at all.

Back into my demo account,in a ranging market the basket went into dd in my case...dang...the addon is supposed to help not increase the dd, at least all of this is in demo.
Now tell me what am im doing wrong,,or maybe i just need the basket to sort itself out???
If this doesnt work out..cool anyway.. there's always other methods to demo
  • #807
  • Edited 2:37pm Feb 11, 2012 2:16pm | Edited 2:37pm
Quoting superbandam3
I did test this method on demo starting few weeks back. Last few weeks were ok since im able to close out both the basket .01 and 0.04 lot (i used 0.02), but starting from wednesday im beginning to get into some serious DD. I had seen the basket if left alone goes into aprrox -44$ or 440pips dd.
I did trade as specified which is adding stock(trades) on the bottom (highest in profit) about 4 pairs ,since each one was replaced by new more profitable trades on the basket. Now all four addons in dd, its gets to -55$...just saying how dangerous this...
I think you guys are taking too many trades at once...and worried about the pips in loss and not focusssing on the total percentage of DD, your maximum DD limit. Manage the DD limit

if you have positions that cause you DD to max out and ruin you business..Do you do you sit on your hands...?


If you have a buy and a sell on the same pair and price is trapped for a moment..is price ranging..what do you do? once price start moving do you sit on your hands...

I think you guys are rushing and not being patient...enough.. and getting confused and excited and rushing to because you have a DD of 50 pips if you trade using proper postions sizing relative you account size..you can be taking profit anytime of day with maket movement and adding positions with market movement controlling to DD....but as I said before only some ppl will understand..and will exercise the patience...to practice off screen ..with open mind, not tring to controll the market..but accept that DD is the core of DD the market.


Why add positions if the marker is ranging...pitbull shows the pair jumping all over...why ADD postions STOP trading...be patient..lwt the market sort it self out....printing money is easy..but controlling DD is 100% of trading
  • #808
  • Edited 3:50pm Feb 11, 2012 2:25pm | Edited 3:50pm
Quoting jinsen
So if the Eur/usd is at the bottom after i check the Profit/loss column after a few hours. It remain stable for a while. I decided to make a buy for Eur/usd. I buy 0.04 lot.

Once i click the buy. The price seem to go against me. The price dropped. The price move -100 pips down. I decided to hedge it by opening a sell 0.08 lot. Now the price move up. In such scenario...How does one get out of such situation..if the price bounce up and down between 100 pips.?

I think this strategy would be good to show or talk about some scenario case. And then...
First of all you should be trading your proper position to account szie...
You shouldnt be worried if price move 100 pip against you..on the eur....cause what goes down must come back up..

if you add .08 lot means that you want to profit from the reverse move.. why not freeze the loss with the same lot size and see what the market does in the 100 pip range.. price is trapped. nd you are not sure if there is actually a trend change. so if and when it moves up one position will be in loss and one will grow in profit...now it's time to decide if you want to profit.

Stop trading the pair in range why rush, you have a MAX DD limit to work with....the Profit Loss Profit cycle will take says sometimes...price always trade back to a weekly open price..

If you freeze your loss and market sits between your positions that means the market is not moving..or trending...be patient...then start to profit on the new move....

look guys..I can try to answer all the questions here and give ideas ..but not until you think about solving DD off screen then practice on screen using patience...it will be daunting effort

All achitect went to the same school , but some will apply the techniques..to create new and innovative peices of arts..not buildings ARTS.

Cheers
  • #809
  • Edited 3:44pm Feb 11, 2012 2:33pm | Edited 3:44pm
Quoting bluesteele
Why don't you all go and learn to trade. ???????

This is nothing but a bunch of BS....
I have shown...in this thread proof...of using DD control techniques

BUY the AUDUSD for Tripple run up on Wednesday..

Hedging to freeze loss and not paying the broker from my capital..

Exposure reduction using +ve trades to Net -ve trades..

Growing +ve positions to controll Account DD

Balancing the ratio of buys and sells with the Trend and taking profit

I have shown that the cycle of Loss profit Loss or market swings if you want to call it that always come back to eat your supper, whether its daily weekly.

Some traders wait weeks to try and profit on the one setup...

Stop TRADING allow the market swings to grow the account.

I have shown all these things...yet ppl come here to discredit how we trade..

even though there is proof..in the logs

I know it's not simple...but its not complicate either....BIAS is what prevents the minds from growing free.

Cheers..
  • #810
  • Feb 11, 2012 4:47pm Feb 11, 2012 4:47pm
Excellent post chips, very good description of dd control.

Bluesteele will of course be back, he has a job to do like everyone else.

If you check back through his previous posts he is only here to disrupt, lots of noise but of little substance, same as the rest of the beagles..

Again I would like to know why he and his team have certain threads on their radar, pitbull being one of them, what are they frightened of, after all, pitbull is a method to decide when to place some trades, no difference to any other thread on FF.

Keep posting but dont block the beagles, after all, they do bring a certain entertainment value to the thread if nothing else.

M.
  • #811
  • Feb 11, 2012 9:54pm Feb 11, 2012 9:54pm
Quoting moodybot

Again I would like to know why he and his team have certain threads on their radar, pitbull being one of them, what are they frightened of, after all, pitbull is a method to decide when to place some trades, no difference to any other thread on FF.

M.
FROM OTHER PLACE = WE TRY TO UNDERSTAND PITBULL, SEE IF YOU CAN UNDERSTAND OTHER SIDE VIEW ALSO

I think promoters of trading methods, EA’s, etc. are bound to the same standards as scientific and academic researchers. When they put forward an idea, a hypothesis, or something similar as a money-maker, they have the responsibility to provide evidence, or at least make citation, so that readers have the opportunity to judge for themselves.

I have just finished the 20 pages of this thread; found lots of claims, but no evidence, or even attribution.

Did I miss something

Khalid
It takes a lot for me to IGNORE you, but you can try.
  • #812
  • Edited 11:29pm Feb 11, 2012 10:35pm | Edited 11:29pm
Quoting Erebus
FROM OTHER PLACE = WE TRY TO UNDERSTAND PITBULL, SEE IF YOU CAN UNDERSTAND OTHER SIDE VIEW ALSO

I think promoters of trading methods, EA’s, etc. are bound to the same standards as scientific and academic researchers. When they put forward an idea, a hypothesis, or something similar as a money-maker, they have the responsibility to provide evidence, or at least make citation, so that readers have the opportunity to judge for themselves.

I have just finished the 20 pages of this thread; found lots of claims,...
Did you see the Trading logs here you go...

I Entered in the direction of the weekly on all the pairs in T101..2 excluded.

i use the line chart..I find the weekly price direction ..if price is heading up ..I buy if down I sell at the start of the Week.

I add positions as pitbull shows positions moving into profit...and I can take profit at anytime....and I can control the DD when I see fit

I have showed ...taking small profit in the basic pitbull ...but implementing the positions building is far more advance..and less trades..less time on screen...and more time to think DD...

Most traders wont get this far as it takes..time and patience....to build...positions...using the growth stock shown in the pitbull..

Practice using the basic and a whole new door will open for you and everyone... think off screen when you are done...

The main lesson here from the basic is DD control

Remember this thread gives the basic ...pitbull practice..but you need further thinking to move to the more advance concept.

By entering in the weekly direction...and allow time.. to grow the positions and as price moves considerably against you ...enter in the hedge ...stacking and following price...

But all I'm saying is practice using the base method...but think and apply this method of controlling DD to position building with the weekly moves...

taking profit..and using proper position sizes.. you will be able to take profit daily weekly monthly controlling DD

Cheers..see the enteries at the start of the week..day...or during busy times...in the growth position...be patient allow time to pass...

Use proper postions sizes and set your Max limit...

One day ppl will see the light....but you can't ..if you are frustrated to prove someone wrong...or rushing to make profit...

This will only happen...by thinking off screen and practice the concept on screen...

It's only demo ...make mistakes dont be afraid...

Cheers
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  • #813
  • Feb 11, 2012 10:53pm Feb 11, 2012 10:53pm
Quoting chips
Did you see the Trading logs here you go...

I Entered in the direction of the weekly on all the pairs in T101..2 excluded.

i use the line chart..I find the weekly price direction ..if price is heading up ..I buy if down I sell at the start of the Week.

I add positions as pitbull shows positions moving into profit...and I can take profit at anytime....and I can control the DD when I see fit

I have showed ...taking small profit in the basic pitbull ...but implementing the positions building is far more advance..and less trades..less time...
Get back to us when you have some real $$$

I'm done, adios

It takes a lot for me to IGNORE you, but you can try.
  • #814
  • Feb 11, 2012 11:27pm Feb 11, 2012 11:27pm
Quoting Erebus
Get back to us when you have some real $$$

I'm done, adios

Buddy I'm trading live using the techniques and the concept... I got the methodology for free here ...but I worked hard at it....

this is trading the market in a universal way..


I tell you or anyone something...once you realized and get to that ah..ha moment ..the profit comes easy from the fx market...You will want to give back..and thats why I'm here.

I have no need to force any concept on anyone...so you or anyone else dont have to participate here....

I have no need to post ..my live trading...here either...

I have shown all these things...but it seems that even on DEMO ppl are still stuggling to grow the account...

I hope some day...some ppl will remain humble in their pursuit...

any keep and open mind...learn and practice every day...using whatever concept you are comfortably with...

As I said if you are making money..no need to come here and ask questions.. and distractions..

No need to ask for proof...over and over again....lots of investors showed proof of profit..and later they are on federal charges...

But if you are interested....practice the basic pitbull...trading the pair in greatest profit...but observe the cycles and movement over 1 month...control DD using the techniques...mentioned....think off screen.

cheers....

AUD is LOW...interest rate is high....TRipple swap coming this week...

Bal the DD in the account...

Happy trading...

If you cant grow you DEMO account for 3 months steadily...no need to go live... if you loose 30% of you live account STOP trading

GO back to DEMO ..... J16
  • #815
  • Feb 12, 2012 12:50am Feb 12, 2012 12:50am
G'Day Chips, just a quick thought, if you chose say six pairs with no need of correlation and then open hedged trades on all of them so 12 trades in all, buying and selling all pairs then followed the strongest in profit would this not be a better way of controlling DD.

a big thanks to all your efforts.
  • #816
  • Feb 12, 2012 1:52am Feb 12, 2012 1:52am
[quote=Erebus;5377132]FROM OTHER PLACE = WE TRY TO UNDERSTAND PITBULL, SEE IF YOU CAN UNDERSTAND OTHER SIDE VIEW ALSO

I think promoters of trading methods, EA’s, etc. are bound to the same standards as scientific and academic researchers. When they put forward an idea, a hypothesis, or something similar as a money-maker, they have the responsibility to provide evidence, or at least make citation, so that readers have the opportunity to judge for themselves.

I have just finished the 20 pages of this thread; found lots of claims, but no evidence, or even attribution.

Did I miss something

Yes, you missed something.

Re read this thread and any other info that you can find about Pitbull.

Spend as much time as you can practising, it takes time, network, get some buddies and talk pitbull, and as far as evidence goes, would you like to place your bank account details on FF?

No, thought not, and I am not placing my trading account info on here either, the game is tough enough without telling your broker how you are trading.

As for this comment 'they have the responsibility to provide evidence, or at least make citation, so that readers have the opportunity to judge for themselves' I totally agree 100% with you, if you have had to pay for the EA or method that is, you show me proof of their claims, who would you believe Erebus, the guys on here trying to help for free or someone flogging a system or EA.

Choice is yours, and remember, the usual muppets keep popping up to denounce this or other threads, ask yourself why, and also ask the denouncers to provide statements of their own trading accounts, they accuse us of not doing so, but I tell you now, neither will they.

Keep practising.

M.
  • #817
  • Feb 12, 2012 2:01am Feb 12, 2012 2:01am
profit,loss,profit....price will always come back..

Realy ????? Think about it...
StopLoss is for none belivers... Trust the Gurus..
  • #818
  • Feb 12, 2012 3:23am Feb 12, 2012 3:23am
Quoting lillelise
profit,loss,profit....price will always come back..

Realy ????? Think about it...
Same as you mate, you keep coming back.

Admit it, you yearn to be profitable and pitbull makes your life complete...
  • #819
  • Feb 12, 2012 5:23am Feb 12, 2012 5:23am
LOL your funny......but i kind of feel sorry for you.( if you are a real person )



ps. if price realy comes back.....do you know how long time it takes or ???
does it mean we can just enter trades random ??
StopLoss is for none belivers... Trust the Gurus..
  • #820
  • Feb 12, 2012 5:49am Feb 12, 2012 5:49am
Quoting lillelise
LOL your funny......but i kind of feel sorry for you.( if you are a real person )



ps. if price realy comes back.....do you know how long time it takes or ???
does it mean we can just enter trades random ??
Yes I am real.

Being UK based I have a relatively easy option of damage limitation if the unthinkable happens and I have a trade wander off, if it does then using the methods placed on this thread tend to work quiet well.

And no, I have no idea when the market is due to return back to bosuns from the SQ48, I have no idea ........
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