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  • #7,541
  • Feb 27, 2013 10:40am Feb 27, 2013 10:40am
No trade during Bernanke speach, but took one at round number. Good for 20 pips.

So friends, according to Tonys feelings, imagine those Wall Street guys trading miiiilllionssss at some hedge funds.

Only difference is that they don't trade thier own money
Attached Image
  • #7,542
  • Feb 27, 2013 11:03am Feb 27, 2013 11:03am
Quoting TheMaxx
lower your lot size until you can trade comfortably?
Yes but according to my stats (and constant account growing %) that would be a mistake because I will disadvantage myself.

If I know it's constant growth there should be no reason to lower leverage or lot size.

It's simply psychological because I have spent most of my life counting cents before. The dark years.
Invest in alarm clocks
  • #7,543
  • Feb 27, 2013 11:04am Feb 27, 2013 11:04am
Quoting Lukaszmiami
No trade during Bernanke speach, but took one at round number. Good for 20 pips.

So friends, according to Tonys feelings, imagine those Wall Street guys trading miiiilllionssss at some hedge funds.

Only difference is that they don't trade thier own money
Lukasz, I put a 12M trade nowadays, my account is still revolving around 400k$
Invest in alarm clocks
  • #7,544
  • Feb 27, 2013 11:07am Feb 27, 2013 11:07am
I wonder what Draghi will spit. Probably fire.

I hope for NO whipsaws
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  • #7,545
  • Feb 27, 2013 11:08am Feb 27, 2013 11:08am
Quoting Lukaszmiami
No trade during Bernanke speach, but took one at round number. Good for 20 pips.

So friends, according to Tonys feelings, imagine those Wall Street guys trading miiiilllionssss at some hedge funds.

Only difference is that they don't trade thier own money
sometimes the prices bounces off a psy level, sometimes it bursts throught it... it's a hard choice
Invest in alarm clocks
  • #7,546
  • Feb 27, 2013 11:12am Feb 27, 2013 11:12am
I really have to chill with this. I'm going to get myself some healthy food afterwards... with some natural smoothies or something... before I die in my thirties
Invest in alarm clocks
  • #7,547
  • Feb 27, 2013 11:13am Feb 27, 2013 11:13am
Im scared trading few minilots, cant imagine what you feel. Hope to get where you are now.

In my country $400K is more than 1,2M of my currency. More than enough for me.

Yesterday i studied almost all this thread and it's very nice to see how you and this trading style evolved.

I remember older trading styles, that you presented and i must admit that your work and commitment is huge piece of my trading history.

It;s little bit hard to explain what i want to write, cause english is not my native language, but hope you understand guys!
  • #7,548
  • Feb 27, 2013 11:14am Feb 27, 2013 11:14am
Why Bernanke don't make much wind?
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  • #7,549
  • Feb 27, 2013 11:17am Feb 27, 2013 11:17am
Quoting Lukaszmiami
Im scared trading few minilots, cant imagine what you feel. Hope to get where you are now.

In my country $400K is more than 1,2M of my currency. More than enough for me.

Yesterday i studied almost all this thread and it's very nice to see how you and this trading style evolved.

I remember older trading styles, that you presented and i must admit that your work and commitment is huge peace of my trading history.

It;s little bit hard to explain what i want to write, cause english is not my native language, but hope you understand guys!...
Perfectly understand u dude, I though you were from Miami lol, cause of your name.

I'm gonna tell you one thing... NO financial adviser in the world could ever teach you what you will learn here. People are fully blind in the world we live in. They invest in companies '' hoping ''. Hope is a good thing I must admit but...
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  • #7,550
  • Feb 27, 2013 11:19am Feb 27, 2013 11:19am
“Life's under no obligation to give us what we expect.”
― Margaret Mitchell
Invest in alarm clocks
  • #7,551
  • Feb 27, 2013 11:19am Feb 27, 2013 11:19am
Quoting Tony112
Yes but according to my stats (and constant account growing %) that would be a mistake because I will disadvantage myself.

If I know it's constant growth there should be no reason to lower leverage or lot size.

It's simply psychological because I have spent most of my life counting cents before. The dark years.
I agree, but if it's affecting your performance (is it???) it's a consideration.
  • #7,552
  • Feb 27, 2013 11:29am Feb 27, 2013 11:29am
Quoting TheMaxx
I agree, but if it's affecting your performance (is it???) it's a consideration.
that is a good valid point
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  • #7,553
  • Feb 27, 2013 12:20pm Feb 27, 2013 12:20pm
Hello Tony! I imagine what you must be going through right now, and with that we all see that the market really changes the times, putting our trading system. But I hope that it is firm and the capital to recover that lost in these trades.


If you accept my views, I see that needs a start risk management can be a little aggressive, but as will increasing the capital, is becoming more conservative, staying so its capital almost forever.


And I use this in my operations. And this MM is called Fixed Ratio, Ryan Jones. In my opinion is the best there is on the market at that time. It allows us to our trades become conservative when we increased our capital, and also raises lots of operations. On the internet is good info on it.


Well ... that's it!


Success for all of us!
Invest in creating their EAs, because one day you need one!
  • #7,554
  • Feb 27, 2013 1:00pm Feb 27, 2013 1:00pm
Soooo dissapointed. Nothing happend.

But ofcourse i took one trade short and lost 5 pips.

But also good thing happend. I skipped second big candle due to lack of continuation Getting better in this business.
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  • #7,555
  • Feb 27, 2013 2:14pm Feb 27, 2013 2:14pm
Ok, i need to tell you something. Maybe someone will profit.

I tried to trade on 5 sec chart with 5 pip candles. I tried other peoples styles. But guess what. I always done something wrong and take losing trades. Only winning trades i took were based on Tonys ideas (small SL and 0SL asap) but on 1 min TF.

And i want to tell you guys that there is no possibility to win in this game while traying to copy someone in 100%. Trading style need to be fitted to our personality. It is only my point of view does not to fit all of you.

I dont like too fast price action, so i don't find myself palying on 5 sec charts. Like i said 1 min is best for me so i guess best i can do is stay with this TF.

And with Tony's rules according to MM.

And last but not least i took one trade after Barosso told something. Trade was based on 1TF and big candle. Took 20 pips and feel good.
  • #7,556
  • Feb 27, 2013 3:02pm Feb 27, 2013 3:02pm
It was a very bad day for me too. Lost a huge part of my earlier profit this week. It was not tradable
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  • #7,557
  • Feb 27, 2013 3:04pm Feb 27, 2013 3:04pm
Tony, are your current rules: trade only if there is a 5pip 5second candle at the LO, NY open or big news with a 2pip SL(including spread)? What is your current TP? Thank you very much in advance.

Quoting Tony112
“Life's under no obligation to give us what we expect.”
― Margaret Mitchell
  • #7,558
  • Feb 27, 2013 4:04pm Feb 27, 2013 4:04pm
do not trade 5 pip candles until further notice.... market is too nasty
Invest in alarm clocks
  • #7,559
  • Feb 27, 2013 4:23pm Feb 27, 2013 4:23pm
Understood. How do you currently trade?


Quoting Tony112
do not trade 5 pip candles until further notice.... market is too nasty
  • #7,560
  • Feb 27, 2013 9:37pm Feb 27, 2013 9:37pm
Quoting tropics
Understood. How do you currently trade?
first direction of London open and N.Y. open, 2 pips SL max and some news...

next week I'll announce what news it's worth to trade.
Invest in alarm clocks
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