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  • #601
  • Jan 26, 2012 11:27pm Jan 26, 2012 11:27pm
Quoting Chicky
Off to gym, will be back in about 2 hours. Was lucky that my car wasn't around to leave for gym and therefore was able to enter a position. Let's see how it turns out.
Dear Sir Chicky,

I must honestly said the trading result still amaze me so far till #70 trade,am believe most of members will suffer more down in the #70 trade of proccess without the disciplines of the MM,most of people only look the result while they havent truly look the proccess.Some members gain in several session of trades but they might end more downs result without a proper MM strategy

Everything in this life needs proccess and trading's also same
If there was easy money lying around,no one would be forcing it into your
  • #602
  • Jan 27, 2012 10:05pm Jan 27, 2012 10:05pm
Quoting Chicky
Trade #70.75 entered (remaining 75% position). Long for 1.3124.
Trade #70 (Green Box) ended in a loss of 1% after a good fight. Recovered that loss from Trade #71 (Red Box).

Soon after Friday's London open, market was yelling that it wanted to go up, but it was 4:00 in the morning here and I could not wait for Asians to packup and London to takeover. Quickly scalped Trade #71 for about ten pips to recover and went to bed. Risk/reward at all the time remained more or less 1% with tight SLs and also equally tight TPs. In these quick moves had no time to use a caculator to calculate exact position size and sl/tp distances for exact 1%. Also attached is the activity log showing what I did.

I think the win/loss ratio after these 70 trades is 34:36 (less than 50:50). The account is near to break-even only because all winners generated spread cost, without this contribution the account would have shown a loss of 2%.
Attached Image(s) (click to enlarge)
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The Thief of Wall Street
  • #603
  • Jan 30, 2012 2:28am Jan 30, 2012 2:28am
Quoting FXMindset
Dear Sir Chicky,

I must honestly said the trading result still amaze me so far till #70 trade,am believe most of members will suffer more down in the #70 trade of proccess without the disciplines of the MM,most of people only look the result while they havent truly look the proccess.Some members gain in several session of trades but they might end more downs result without a proper MM strategy

Everything in this life needs proccess and trading's also same
i agree with you , Chicky have very good system and it's inspired me much , it's change lot on my trading style , i would say every newbies should learn and modify bit to suit there trading style,
Mohan
  • #604
  • Jan 30, 2012 11:02pm Jan 30, 2012 11:02pm
Waitiing for the right time. Planning to enter a short near 1.3220.
The Thief of Wall Street
  • #605
  • Jan 31, 2012 12:49am Jan 31, 2012 12:49am
Quoting Chicky
Waitiing for the right time. Planning to enter a short near 1.3220.
Trade #71. Long for 100 pips
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #606
  • Jan 31, 2012 1:06am Jan 31, 2012 1:06am
Quoting Chicky
Trade #71. Long for 100 pips
you said waiting for short and took long , what made you to change your view ? , i bluish, but not confident yet to take trade
Mohan
  • #607
  • Jan 31, 2012 1:17am Jan 31, 2012 1:17am
Quoting mohan76
you said waiting for short and took long , what made you to change your view ? , i bluish, but not confident yet to take trade yet
I have been observing pa since morning. Initially I thought it would strongly bounce from my dotted line (from near 1.3220). But pa is very strong and seems to penetrate deeper and may re-test 1.3300 on such penetration.
Let's see if it does that.
The Thief of Wall Street
  • #608
  • Jan 31, 2012 3:34am Jan 31, 2012 3:34am
Quoting Chicky
I have been observing pa since morning. Initially I thought it would strongly bounce from my dotted line (from near 1.3220). But pa is very strong and seems to penetrate deeper and may re-test 1.3300 on such penetration.
Let's see if it does that.

Looks like the move up is running into sellers to me, just TP'd here as I don't trade counter trend I'm stuck in cash, expecting it to turn back down for a while.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #609
  • Jan 31, 2012 2:32pm Jan 31, 2012 2:32pm
Guess you missed it by 5 pips or so for your short entry, it was called though.

I don't risk counter trend any more but I did miss by buy in point, trend is still up I'll look to start accumulating Long on a pull back.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #610
  • Edited 7:33pm Jan 31, 2012 6:57pm | Edited 7:33pm
hello teacher,

i am trying to make EA , i was try hard to bring it down to 1:1 it was failing now it's using 3:2 (used to be 2:1), risk bit higher , also it's have recovery module recover bad trade (any trade go more than -10 pip) @ be. also i had moving al 1+ pip on +7th pip which is removed now (10days go).


2 month demo result
http://www.mt4i.com/users/mohan76

any idea to improve it ?
Mohan
  • #611
  • Jan 31, 2012 9:26pm Jan 31, 2012 9:26pm
Hi Chicky,
I love reading your post. Please keep it up.

forexforex
  • #612
  • Feb 1, 2012 12:42am Feb 1, 2012 12:42am
Quoting Chicky
Trade #71. Long for 100 pips
Trade #71 hit sl. Loss 1%.

Trade #72 in progress. Long for 60 pips.
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #613
  • Feb 1, 2012 12:49am Feb 1, 2012 12:49am
Quoting mohan76
hello teacher,

i am trying to make EA , i was try hard to bring it down to 1:1 it was failing now it's using 3:2 (used to be 2:1), risk bit higher , also it's have recovery module recover bad trade (any trade go more than -10 pip) @ be. also i had moving al 1+ pip on +7th pip which is removed now (10days go).


2 month demo result
http://www.mt4i.com/users/mohan76

any idea to improve it ?
That looks great to me. Keep on adding features and options for traders. Good job.
The Thief of Wall Street
  • #614
  • Feb 1, 2012 8:55am Feb 1, 2012 8:55am
Quoting Chicky
Trade #71 hit sl. Loss 1%.

Trade #72 in progress. Long for 60 pips.
Trade #72 hit tp. 1%

Trade #73 hit tp. 1%.

Trade #73 was entered when pa was almost touching sl of Trade #72, but 72 also survived and later hit its tp.
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #615
  • Feb 1, 2012 9:18am Feb 1, 2012 9:18am
Trade #74. Long for 60 pips
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #616
  • Feb 3, 2012 10:20pm Feb 3, 2012 10:20pm
Quoting Chicky
Trade #74. Long for 60 pips
Trade #74 hit stoploss. 1% Loss.

You may notice PA respected these trendlines and bounced off few times. However, I went for a break which hasn't come yet.

Was focusing more on my work and other accounts. Now after NFP, will be taking frequent demo trades here for this demonstration of 1:1 1% Risk/Reward Money Management Method. Please do remember that there is a lot to this method which will be gradually shared. All I am waiting for is to earn some credibility by showing maybe small and slow but solid results before making any tall claims.
Attached Image (click to enlarge)
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The Thief of Wall Street
  • #617
  • Feb 6, 2012 3:29am Feb 6, 2012 3:29am
Dear Chicky, still following this thread patiently... there is no rush. One remark: you seem to stray from you method a little bit, especially the scalp you took a short while ago. Don't you think it contaminates the results a bit? Could you please clarify your thinking about that?
Fail better.
  • #618
  • Feb 13, 2012 1:36am Feb 13, 2012 1:36am
Chicky? You still out there? I hope everything is alright!
Fail better.
  • #619
  • Feb 13, 2012 8:12pm Feb 13, 2012 8:12pm
Quoting LarryDarrell
Chicky? You still out there? I hope everything is alright!
he might busy with his business , he only take trade when he get some free time , he will back soon
Mohan
  • #620
  • Feb 13, 2012 8:23pm Feb 13, 2012 8:23pm
Quoting mohan76
he might busy with his business , he only take trade when he get some free time , he will back soon
Mohan = Chicky Assistant manager
How's your trading going mate ? Hope everything doing well ya
If there was easy money lying around,no one would be forcing it into your
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