PRICE Accordingly

Hi Dean ! Nice to see you again

Hi.

Is there anyone on this forum that would be kind enough to make this indicator MTF?

Thank you.

Chris

EU long 1.2636..
UC short 0.9509..
EJ long 100.59..


looks like eu strenght of last week is carring on still.. remains to be seen.

by the way i will be trading full force this week, so if you like to get active along side your more than welcome.

took some losses on the eu bull, but made up and more with short on ej for double doze.. not a bad first day of the week so far but it looked scary in the beginning, nothing new to me though..
studying the explorer you'll see what i did.

keep rolling.. i am just getting warmed up..

my two trades so far today.. couple of sobt's good for intended targets.
same type of deal on other majors such as ej and au, but eu and uc were the better ones.

its a live market, more to come..

great mid band signals.. i missed them due to emergencey earns.. otherwise it would have been a field day for me.

all smbts good for minimum of 30..

AU short 0.9943 SOBT..

GU short 1.5493 SOBT..

hard sl taken out for -50..

crazy reverse for 70+ move without a breather.. not high probable reverse move on a flash..

no problem moving on..

EJ short 99.67 SOBT..

lets see if this one also goes into +20 profit then stroms back for 70+.. lol.. you gotta love this market..

remember this..
how do you like your sl to be taken out with 1pip and now price back to your original entry which if it had not taken it out i would have recovered for BE now.. that's how brutal it can get no matter what you do.. thats why it's called the beast.. I even had my hard sl 20 above days high.. what a bastard.. lol..

anyways its interesting, thought to share it..

recovered for a BE close..

I could let this one be to see if keeps going in the intended direction of mine.. but thats when traders discipline kicks in to do the correct thing and not the IF and What.. I sure gave it a chance once to run for me.. it did for a small gain, but then turned on me beyond what it should have, now its time to dump it no matter what.

BE out..

Hey mate, just saying this for your benefit, i got nothing to gain from this. If you keep on trading like this you will blow up.

1. you went from 0.5 lot to 1 lot without visible increase in account size. you doubled ur volatility despite big fall in account size.
2. after a few loss you traded a 2 lot, to make up for the loss. Good think it worked out for you, otherwise your account would have been severely damaged.
3. You have your account name as PD management, so i guess you want to manage money for other ppl. But just looking at your equity curve you can forget about it. No individual, not to mention institution will ever give you money based on that wild rollercoaster of the equity curve.
4. You would often trade pairs that is highly correlatd. long 1 lot eurusd, 1 lot of audusd, that is amost like long 2 lot "risk". if you are right then great, but you probably found out yourself that often you are wrong.
5. when you are right you take 20-30pips profit, when you are wrong you lose 50 pips. risk/reward anyone?
5. you might tell yourself you are "disciplined" by sticking to your stoploss, but from what i see it is more like stubborness. When you saw pound charging liek a raging bull last night you should have just cut ur loss way before your stoploss got hit. You might think "oh no worries thats just unlucky". No, it has nothing to do with luck.

anywway, hope you all the best. again i got nothing to gain from your gain/loss, just making some obversations based on following your thread for a while. I admire you for at least showing your account as many proclaims gurus dont. I intend to do the same in due time.

hi.. thanks for your comments and concern.. don't worry i won't blow up, I disagree severely.


If i may i will assess every one of your points in brief..


About number 1&2.. in this account I don’t do a normal MM sure, but I do this things bcz I simply can, my skill allows me to do so. I obviously do not look for money managing or investment fund I got plenty of money of my own and my account is called P.D investment not P.D managing or etc,.. its my money, my investment and no interest in managing others or draw interest, not worth the hassle or answering to anyone etc, and certainly will not work for a cut I am more than happy with my own fund where I keep 100% and free to do whatever fuck I want,.. there you all have it for the record.

Back to MM.. I do this things on this small explorer account, I do not do it on my major accounts.. the sound money management on my large account goes like this.. risk half percent a trade with accounting 50pips hard sl even though my overall avg loss is between 20-30 at worst. Since other accounts are large its satisfying enough where this small account is not.. if I compare the two the current explorer account is 10 times riskier per trade, which is not wise.. but I can pull it off confidently on smaller scale and most likely not on bigger scale for obvious reasons and I will never do it anyways. However I do understand that I am not setting a good example for the followers with this kind of MM, and I have thought about it, but hey, everyone in FF are masters of their own when it comes to trading so they can figure out the MM of their own.. but I recommend to trade no more than 2% of your whole account a DAY and split that between number of trades that you will make.. this way you live to fight many days and trade at ease to do your thing without much pressure.

About the pairs correlation.. they look like correlated in the big picture but not as often in the small frame where each meet the target/stops differently.. diversification is necessary for the way I trade currency. I can talk more in details about this as its benefit for better decision making to dump or keep trades.

RR.. I get hit with 50-60 occasionally.. my average loss is between 20-30.. so RR is 1:1. You go do the accounting on the explorer and you will see that it should sum to about the accounting above.

SL.. and letting it play out.. well that is a long one to talk at.. but in brief, if you have been following you’ll see that I really don’t let it play out, it only looks like that when it runs against me straight up without a breather for large amount, which accounts for 20% of loss categories, so the 50sl is the cutting the loss short, believe me, to avoid major damage or fall into major draw downs, you see, 5m tf is trading noise and you atta think beyond that otherwise your just a blood around the shark.
My exit goes like this.. once PA goes against me I give it time to see if it’s for REAL (otherwise I’ll be trading on my toes at all time with lots of in and outs) and when it passes certain point between my entry and 50-60 sl spot (well beyond last HL/LH where i made my entry), I recover the loss on the pullback which it does pull 80% of times if not more, lets just say often.. but GU is a bit wild in nature and it does run bigger before taking a breather and my estimation on that trade was almost perfect.. but let's not lose sight on the other side of the coin, when your on the right side of it, it runs like a raging bull for bigger profit.. so at the end it turns in ones favor.

you see my friend.. I keep prediction out of the picture in my trading, it allows me to not make panici exit as soon as every time PA makes a move to automatically account prematurely it will be a runner against me, or constantly move my sl around trying to pick levels that PA will bounce in my favor, I don't do that.. I simply talk to the chart when trade manage..
If you’re interested i lay out the exact conversations that I got going with chart every time that I am in a trade.. lol.. I am serious, it’s my greatest asset.

Sorry about the long post folks..

Overall, again I appreciate your concern and input.. but keep following and you will see how this account will grow once it’s up to speed in full.

Good trading.

on the last post reply back to one of the members/follower.. talked about correlation.. this is what i mean about not so correlating in small frames as often they are either not correlated or when they are they move bigger or smaller but when you go pull a 4hr or wkly chart you'll witness major correlation in between.. but irrelevant in what we do here in small frame..
i often get in at the same time on the same signal on 4 pairs.. but I end up with different results most often than not.. i get 30 on one BE on other or -10 loss or 40win on other..

this is just a sample real time observation for clearer mental picture of this aspect..

compare eu with gu.. at the same time one runs for 70 and other in same direction for only 15.. ej opposite of eu since Asian session.. au opposite of all..
in small frame they move differently although at the end they all are in one direction really, to distinguish this in your time frame of work is essential.
just my humble opinion and defend the reasoning behind what and why i do what i do.

My trades so far today and other signals of the day..

current live trades.. been holding the eu and ej for a while now, got me to about 20 profit but not the target.. lets see if eu makes a move prior to fed..

i show you guys a beautiful picture.. all in profit on the way to hit the target mostly.. ej already did..

a fun trade folks just to test the water after the release..