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The Trader Behind the Trade™

  • #101
  • Jan 17, 2013 3:23pm Jan 17, 2013 3:23pm
Quoting mmaker
I noticed you liked 24pips stop loss. I've been experimenting with using tighter stop loss of 12pips. But my dilemma is whether to re-enter the position if I was stopped out too quickly but still think I'm correct, or to use to a larger stop loss of 24pips. In the earlier case, if I re-entered with 12pips and got stopped again, I would be losing 12+12. I might as well just trade with 24pips stop by default.

But I wanted to use a tighter stop of 12pips with plan to re-enter if stopped. What do you suggest? I'm assuming a 20 to 40pips take profit...
You got to pick s/l and tp that makes sense to your strategy. You can't just come up with some arbitrary numbers and expect it to work out. My s/l and TP are calculated based on orderflow, s/r, and other basic technical analysis.

I for one don't impose 'proper' R:R into my trades. Sometimes my target is half my stop..sometimes it's 5 times my stop. DOn' be rigid

as bruce lee says

beeee lyyee wahhhta....

be flexible
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  • #102
  • Jan 17, 2013 3:56pm Jan 17, 2013 3:56pm
Look at this one lonely bastard trade.

The reason that I lost sleep yesterday.

Just sitting there all alone....by itself.
Maybe i'll hold a loser for 24 hours and keep it company (insane laughs.....)

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  • #103
  • Jan 18, 2013 2:17am Jan 18, 2013 2:17am
No matter how much I want to make my trading to be mechanical..there are always some discretionary decisions that have to be made from time to time. Sometimes you can take one setup and have different outcome based on the market context.

Anyway, week is done. Pretty decent week-no surprises.
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  • #104
  • Jan 18, 2013 3:28am Jan 18, 2013 3:28am
I love MT4i performance analysis. Very easy to read


Looks like I make most of my money on Fridays. I never bothered looking at the actual day in backtest before. BUt nonetheless, quite interesting breakdown. I wonder if it will even out as time goes by.

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  • #105
  • Jan 18, 2013 9:36am Jan 18, 2013 9:36am
Trying to figure out why there are differences in risk of ruin calculations amongst these three performance analytic sites for my strategy. Can somebody care to explain?

Fxstat
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MT4i
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MYfxbook
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  • #106
  • Jan 18, 2013 9:51am Jan 18, 2013 9:51am
Quoting TPOTrader
Trying to figure out why there are differences in risk of ruin calculations amongst these three performance analytic sites for my strategy. Can somebody care to explain?

Fxstat
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MT4i
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MYfxbook
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first thing that comes to mind is that it's a date range issue.
Congratulations ScalaFX for coming out of the closet!
  • #107
  • Jan 18, 2013 9:55am Jan 18, 2013 9:55am
Quoting nubcake
first thing that comes to mind is that it's a date range issue.
it's not that. All three sites include all trading history from deposit to YTD.

I'm beginning to think that it has to do with being connected via MT4 (fxstat,mt4i) vs third party access (myfxbook). MT4 always think that my interest earn or paid by oanda is like withdrawals/deposits rather than part of the PnL. But then the other two sites should've been equal or very close in terms of numbers.
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  • #108
  • Jan 18, 2013 9:59am Jan 18, 2013 9:59am
FF should make trade explorer include risk of ruin calculations-very important metric. In fact i'm going to send the email to the tech team now.
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  • #109
  • Jan 18, 2013 7:06pm Jan 18, 2013 7:06pm
Love me some FIFA

Here's me as Germany taking advantage of poor ol Valdes

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  • #110
  • Jan 19, 2013 3:30pm Jan 19, 2013 3:30pm
When I was in college I looked up to Ronnie.

Now whenever I need a motivation boost to work out..i just watch this guy. Brings back that feel-good feeling when hitting the weights.

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  • #111
  • Jan 19, 2013 6:03pm Jan 19, 2013 6:03pm
I made a video of myself doing HIT (high intensity training) sprints. This was Jun 2012, I was about 195lbs.

I plan to make another video this summer since I've lost quite bit of weight doing intermittent fasting+training (now i'm about 181lbs)

Weird feeling to 'reveal' yourself in public forums

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  • #112
  • Jan 21, 2013 2:23am Jan 21, 2013 2:23am
Jan 21 2013

Did not like the spread this morning. A bit high. Fuckers

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  • #113
  • Jan 21, 2013 9:11am Jan 21, 2013 9:11am
Ha got my first vouch.
Thanks patience....you're my frieeeennd (tilts head slightly)
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  • #114
  • Jan 21, 2013 6:13pm Jan 21, 2013 6:13pm
(tilts head slightly) back

Surprised you haven't got more. Maybe people are afraid to vouch for someone who puts it all out there. A rare breed around here that's for sure. And it seems pretty obvious to me that you know what you are doing.

And now that I've dirtied your interesting journal with my inane comments, I'll take leave.
Nothing worth having is easy.
  • #115
  • Jan 21, 2013 6:27pm Jan 21, 2013 6:27pm
Quoting Patience
(tilts head slightly) back

Surprised you haven't got more. Maybe people are afraid to vouch for someone who puts it all out there. A rare breed around here that's for sure. And it seems pretty obvious to me that you know what you are doing.

And now that I've dirtied your interesting journal with my inane comments, I'll take leave.
no big deal. It's not important. But what i do think it's important is having that transparency. Words can only go so far. At some point, you have to ask anyone coming up with the latest indicator, startegy, etc. is

"did you make money using it?"

Knowledge without implementation is just wasted brain space.

just my 2c
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  • #116
  • Jan 22, 2013 3:14am Jan 22, 2013 3:14am
Classic stop trippin move! You can't help but just wonder how much money is being transferred here. I'm just lucky to get out with a bit of crumb.

I'm expecting this move to continue on into the US session.

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  • #117
  • Edited 10:56am Jan 22, 2013 10:42am | Edited 10:56am
All of us have been in this situation right?

Today just reminds me of those days.

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  • #118
  • Jan 23, 2013 3:26am Jan 23, 2013 3:26am
Hindsight is always 20/20.

Market does this where it would flirt with my TP. Making me think that my target is off the wall target that it is trying VERY hard to get to.

But after it hits, it just takes off. it was like the market was just building steam to blow through it.

It's a mind game! Just a big mind game.

You can't be sane to profit from this market. There are things you do in trading that just make normal people cringe.

Just rambling...

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  • #119
  • Jan 23, 2013 7:01am Jan 23, 2013 7:01am
Quoting TPOTrader
Hindsight is always 20/20.

Market does this where it would flirt with my TP. Making me think that my target is off the wall target that it is trying VERY hard to get to.

But after it hits, it just takes off. it was like the market was just building steam to blow through it.

It's a mind game! Just a big mind game.

You can't be sane to profit from this market. There are things you do in trading that just make normal people cringe.

Just rambling...

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I feel that way many times. I thought i was the only one that felt the same. Glad not.
  • #120
  • Jan 23, 2013 6:57pm Jan 23, 2013 6:57pm
Games I'm looking forward to play!

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