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Trading EURUSD only

  • #16,621
  • Nov 21, 2012 5:36pm Nov 21, 2012 5:36pm
Quoting stevewalker
no worries
I had %14DD on monday
recovered yesterday
happens
FX as usual
14% drawdown?

are you using a grid system or something? adding to losers?

or just very high leverage?
Be hopeful in a winning position, and fearful in a losing position.
  • #16,622
  • Nov 21, 2012 5:37pm Nov 21, 2012 5:37pm
%100 techical
Quoting stevewalker
when price over 2nd DER TL @
D1 @ 2824
4H @ 2730
1H @ 2820
30M @ 2725
15M @ 2824

I dont trade short any more
the scalp short entry was wrong & exited with -5
  • #16,623
  • Nov 21, 2012 5:37pm Nov 21, 2012 5:37pm
I'm short at 1.2865 but i still have my short at 1.2803
  • #16,624
  • Nov 21, 2012 5:37pm Nov 21, 2012 5:37pm
Quoting xandi
find difficult to break that for now... expect 1.2845 this session...out until london, I think
i dono will London be active with U.S. thanksgiving? hard to tell, i may show up to see how the market is moving.
Be hopeful in a winning position, and fearful in a losing position.
  • #16,625
  • Nov 21, 2012 5:38pm Nov 21, 2012 5:38pm
I dont have FIX SL exit // manual
sometimes it catch.
GRID==SUICIDE
ı dont trade grıd
I average prıce with levels.
waves

Quoting Rag2RichesFX
14% drawdown?

are you using a grid system or something? adding to losers?

or just very high leverage?
  • #16,626
  • Nov 21, 2012 5:39pm Nov 21, 2012 5:39pm
Quoting stevewalker
I dont have FIX SL exit // manual
sometimes it catch.
GRID==SUICIDE
ı dont trade grıd
I average prıce with levels.
waves
grid = price averaging

the same concept really

but yeah 14% drawdown scary... how much do you average per day??? % gain??

what is your maximal drawdown/emergency stop loss?
Be hopeful in a winning position, and fearful in a losing position.
  • #16,627
  • Nov 21, 2012 5:40pm Nov 21, 2012 5:40pm
MM explained 1st page
Quoting stevewalker
I dont have FIX SL exit // manual
sometimes it catch.
GRID==SUICIDE
ı dont trade grıd
I average prıce with levels.
waves
  • #16,628
  • Nov 21, 2012 5:42pm Nov 21, 2012 5:42pm
ehh
%14 was emergency
EA closed all trades when %14DD reached.

grid = price averaging
the same concept really

absolutly not.

price average is commenly used by instututions it is a part of trading
GRID is created from that system with no exit or exit with margin call

I have coded hundred grid EA for test I know what it is or not

Quoting Rag2RichesFX
grid = price averaging

the same concept really

but yeah 14% drawdown scary... how much do you average per day??? % gain??

what is your maximal drawdown/emergency stop loss?
  • #16,629
  • Nov 21, 2012 5:42pm Nov 21, 2012 5:42pm
Quoting stevewalker
MM explained 1st page
ok ill check it out

as for me, risk 1-2% daily, target 2-3% daily (multiple accounts for each different strategy i use)

i dont let losses float over night (except for one account)
Be hopeful in a winning position, and fearful in a losing position.
  • #16,630
  • Nov 21, 2012 5:42pm Nov 21, 2012 5:42pm
Quoting stevewalker
hope shorts did not hurt much
I quit some of early shorts at 1.2801-1.2816.
I need to nurse one short @1.2818 & 1.2826. Hopefully I can keep it open for a day or two based on the chart
  • #16,631
  • Nov 21, 2012 5:43pm Nov 21, 2012 5:43pm
Quoting stevewalker
ehh
%14 was emergency
EA closed all trades when %14DD reached.

grid = price averaging
the same concept really

absolutly not.

price average is commenly used by instututions it is a part of trading
GRID is created from that system with no exit or exit with margin call

I have coded hundred grid EA for test I know what it is or not
you can easily code a stop loss into a grid system. in fact if you dont do that you will most definitely bust the account.

its the same concept, i do realize the biggest traders in the world use price averaging

however its more because they are market makers, not because they cant figure out which direction price will move.
Be hopeful in a winning position, and fearful in a losing position.
  • #16,632
  • Nov 21, 2012 5:44pm Nov 21, 2012 5:44pm
is time to short now?
You see, but you do not observe. The distinction is clear
  • #16,633
  • Nov 21, 2012 5:44pm Nov 21, 2012 5:44pm
if you open grid trades with eg.. RSI overbought & add more this is grid. result margin call

I trade levels with +- 2 tolerance & waves
totally different
Quoting stevewalker
ehh
%14 was emergency
EA closed all trades when %14DD reached.

grid = price averaging
the same concept really

absolutly not.

price average is commenly used by instututions it is a part of trading
GRID is created from that system with no exit or exit with margin call

I have coded hundred grid EA for test I know what it is or not
  • #16,634
  • Nov 21, 2012 5:45pm Nov 21, 2012 5:45pm
Quoting Rag2RichesFX
i dono will London be active with U.S. thanksgiving? hard to tell, i may show up to see how the market is moving.
ya, donīt know, but I made my pips and sincerily price has to gain balance at 1.2840/30..but every TF are pointing to a big upmoove, in order to break all the MAvg medium term..
  • #16,635
  • Nov 21, 2012 5:46pm Nov 21, 2012 5:46pm
Quoting stevewalker
ehh
%14 was emergency
EA closed all trades when %14DD reached.

grid = price averaging
the same concept really

absolutly not.

price average is commenly used by instututions it is a part of trading
GRID is created from that system with no exit or exit with margin call

I have coded hundred grid EA for test I know what it is or not
so wait you closed at 14% loss this week? but was wondering how much you typically make (% gain) per week?

how many times has your max stop loss been hit??
Be hopeful in a winning position, and fearful in a losing position.
  • #16,636
  • Nov 21, 2012 5:46pm Nov 21, 2012 5:46pm
my MM is very simple
the hard part is defining the waves & levels to enter
Idont use cycle indicators
everthing is mechanical with +- 2 pips
%100 technical & mechanic

Quoting Rag2RichesFX
ok ill check it out

as for me, risk 1-2% daily, target 2-3% daily (multiple accounts for each different strategy i use)

i dont let losses float over night (except for one account)
  • #16,637
  • Nov 21, 2012 5:47pm Nov 21, 2012 5:47pm
loss recoverd
I am this week +%8 now after DD recovery

Quoting Rag2RichesFX
so wait you closed at 14% loss this week? but was wondering how much you typically make (% gain) per week?

how many times has your max stop loss been hit??
  • #16,638
  • Nov 21, 2012 5:48pm Nov 21, 2012 5:48pm
Quoting stevewalker
if you open grid trades with eg.. RSI overbought & add more this is grid. result margin call

I trade levels with +- 2 tolerance & waves
totally different
but the fact that you are adding to losers is the same concept. when professional bank traders refer to price averaging they refer to it as a grid.. so.. yeah. theres nothing wrong with the system so i dont see why you are being defensive about it. i agree its a great system

there is nothing wrong with that strategy as long as you have a decent max drawdown. anything over 20% is a no no. i like your 14% number
Be hopeful in a winning position, and fearful in a losing position.
  • #16,639
  • Nov 21, 2012 5:48pm Nov 21, 2012 5:48pm
emergency exit is rare to happen
there should be a bad desecion and a huge spike at the same time
Quoting stevewalker
loss recoverd
I am this week +%8 now after DD recovery
  • #16,640
  • Nov 21, 2012 5:49pm Nov 21, 2012 5:49pm
Quoting stevewalker
hope shorts did not hurt much
nope. It was a quick and clean death Fortunately, I was able to get out earlier than 55 as the speed of the movement told me I was wrong..
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