Philax Mann

ras ta,pliz don't add my ass...

Hello,

As you know I got hammered last several trading days, loosing hundreds of pips closing days on DD. For the first time in over 60 days of trading days had to close days on DD. There are several reasons for this but I want to state the main reasons.

Disharmony or breakdown of the three dimensions/pillars of my whole trading methodology. The first dimension is Time, the seconded dimension is Fundamentals and the final dimension is Technical Price action. For a successful trading, all three dimension must flow in harmony. I enter into a trades when all three dimensions signal green light for go ahead, otherwise if that is not the case there will be a problem, like what happened to me in the last several days of trading starting from last Friday. I got into some trades when I did not have all the necessary green signals from my system. I disregarded the system and went along trading anyway partly I wanted to see how far I can push things and to examine how my methodology fair on unfavourable market conditions. And I got the answer, which is not good.

Today for the first time in a long run had to baby sett my open trades, normally ones I enter into a trade I'm off into my other activities and come back later on to manually close the trades if my EA already has not done that based on TP and SL settings. But given the market condition and given my system is on disharmony at the moment I had to sit and manage my trades as the day progresses. If I haven't that today I would have lost 200++ pips. I realized managing loses and profits sometimes it is better done by human instead of an EA.


I anticipate rough and testing market conditions in the coming days or weeks before favourable conditions return my system adores.....

Maybe there is God after all and the vain get humbled in the end.
BTW my offer just dropped to 25%.


Ras could not take the heat so he blocked me but all I wanted to add is that there is no benefit to reading or posting to this thread. No educational value whatsoever.

closing trading days on DD should be expected. Were you aiming for profitable day -every SINGLE day?

I think personally you may have a good system-but you need to get your goals little more grounded.

Now..the question is now-if you close ALL your losing positons-would you still be up since your started? or would be be in absolute DD.

If it's the former-just close it. MOve on and learn from your mistakes.

If it's the latter-you system sucks ass-and you were just lucky...

please add me to your list.. thank you

thank you very much^^

TPOTrader or Syed, have you learned? http://www.forexfactory.com/showthre...90#post6458190

I guess to be humbled you need to go through that experience. In past two weeks, decent traders have been humbled...

Philax Mann,

I am following you from your early days. Add me to ur buddy list.

Hello Filmon,

Could you also add me? You did reply to my emails before , but no adds

Hello, could u add me to the list? Thanks.

Another bad day, maybe is time to relax a little and also test the system on a demo account and then come back with reinforcements on live

Indeed thanks.

Miss timed my entry today it was foolish of me again not sticking with the system. Over slept and woke up late due to not feeling well and rushed to enter my trades predetermined by my system. Now my system predicts the currencies that will be weak and the currencies that will be strong for the London open session and possibly for NY session too (excluding spikes). The prediction was well on the money as usual; it predicted GDP was going to be the weakest and EUR relatively strong consistent with fundamentals.

As witnessed today GDP plummeted to the south if only had I woken up on time and executed my trades I would have been at-least 200++ pips up instead of down. It was all bad timing, when I entered the trades I did not look at a single chart for a single moment as I was rushing to enter the trades based on my system. Normally entered into trades based on pretty comprehensive indicator and exploitation of liquidity cycles (timing), and with some fundamental conformation.

I'm still gaining experience on this business, at the moment making money is not the most existing in this business for me. I get more existed when I acquire new knowledge, new insight and good trading buddies ...

Some argue that there is no such thing as 'holy grail' or edge on the market, I believe quite the opposite, I believe I am the holly grail, you are the holly grail too you just have to believe on your self. There are many ways to get an edge on the market, not the easiest task to develop them but they are there, you just have to get them...

I'm not that troubled about my recent loses (although I hate losing but), I know I'm maturing and losing sometimes is part of this business. The good thing is I believe I'm heading on the right track for future big things.

Some miss understanding: I'm not selling any service or product, at least not yet. I believe I have some valuable trading system, methodology and complimentary information that on the right hand of trader will give him or here some considerable edge on the market, regardless of any style or strategy of trading. I highly value my methodology and not prepared or have no product or service sell. I did received some very nice offers and ideas but all I can say is wait for some time until the product is ready and proven to work, then we can talk about how best to move forward helping each other.


Peace!

Hello, could you add me to the list? Thanks.

I expected drawdowns or issues to be encountered; no one or system is perfect. I think the item to fix is determining proper stop loss. When one goes into a trade, they should know where their stop loss is first. Perhaps, even identifying the "perfect" setup for your system. If you trade 10 times per day, maybe you can find the perfect 3-5 and increase lot size. I used to trade alot but I've found my perfect setups and am much more profitable. Quality vs quantity.

On another note, isn't human nature at it's finest? This thread is the epitome of the highs and lows of human nature. When you do extremely well, you get so much praise, but when you fail, the vultures come to feast. You will find out who these people are immediately. To those that falls to the latter, do some soul searching. This is the Internet, but it is a clear reflection of your character.

No one has lucky streaks that long unless you are doing something right. Fix the stop losses and figure out what went wrong. As you said, the learning is the great part of this voyage. Keep going strong.

Please add me to your Buddy List. I'd like to keep up with your status.

A big true....


Ras, keep it going, slow a little bit and think... You already proof that you have " tha thing"
Stay with your strategy, and start again... Bad days happens, you just have to be tough and keep going!

Some guys, like me, have been encouraged with your work... Better days will come


Cheers buddy

For sure will try my very best; never been a quitter especially on things I really like and enjoy doing like FX trading. Ups and downs are fully expected but ones you develop your system/methodology that gives you an edge on the market then your one step closer in becoming god like in this 4 trillion market Ok!

I'm currently working with a manual system that has great potential, I'm yet to fully grasp and refine my whole methodology and, off course improving my discipline/physiological aspects....


Cheers!

hello, rasfimon, i am impress with ur trading style, i am a losser on forex maket, can u give me some hint or tips about ur trading style, what kind of book are u reading, or how u calculate ur cycle, lol, and etc...thank you

Good job today, keep up the good work

Good day buddy....

Nice work with levarege!!

A step close to your goal


Cheers