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  • #787,141
  • Edited 1:27pm Apr 12, 2013 1:00pm | Edited 1:27pm
Quoting EuroTraderJD
MM Pyramid is my MM. The document is an overview of how my software works but can get the idea and adapt it for yourself. If you PM me with an email address I will gladly send it over as an PDF attachment.
Thanks Man!!! Very interesting strategy!!!

Huge Respect from me!
  • #787,142
  • Apr 12, 2013 1:03pm Apr 12, 2013 1:03pm
short @ 92
Trade smaller than rational because the market is irrational...
  • #787,143
  • Apr 12, 2013 1:08pm Apr 12, 2013 1:08pm
Quoting EuroTraderJD
short @ 92

  • #787,144
  • Apr 12, 2013 1:22pm Apr 12, 2013 1:22pm
Quoting EuroTraderJD
Here you go brother blast from the past http://www.youtube.com/watch?feature...&v=FP7Ry9MfkQU
I missed that. thanks, bro!
yep, that is the one I meant!
  • #787,145
  • Apr 12, 2013 1:33pm Apr 12, 2013 1:33pm
Quoting skysoft.bg
Thanks Man!!! Very interesting strategy!!! Have thinked of something similar. First you trade seriously. And after couple of months you see your statement and how much wins and loses. How much consecutive wins and loses... and then you traded based on you average score lets say if you have 7 consecutive wins and 5 consecutive loses you do the following after first win x 1.5 after next again 1.5.... and on the middle you start trading with 1/2 of you first trade something like that.... ... that girl she is smart... I admire people who make simple...
Thanks brother I sent the MM PDF to your email in the PM.

I do have to trade seriously because its my money on the line and bro it dont come easy but sure as hell goes easy if I let it.

I will go many months without a loss. The 6 out of the 9 I have had were due to mouse issues, not checking my trade execution screen, and once being so drunk on Vodka martinis after a night out with friend, I was seeing double and closed out my trades at a loss. Well no more drinking and trading for me.

Although 1100+ wins and 9 loses isnt too bad.

You have the right idea about incrementing position size. The software takes the current account balance (NOT unrealized P&L) as a part of its parameters. The larger the account grows the bigger the positions size. But its not in that type of increment. If not using a SL you would be WAY over the limit. It also looks at my Max and Min range 1.40 -1.20 on the Euro and my last open position size along with the current price of E. After all of that it considers a variable and spits out the entry price in real time. It also gives me the Price Saturation zone to avoid too much size at a certain price level.

Its not the number of wins. You can never let your win rate affect your trading. Each trade stands on its own. Just like you cant let the size of your account affect your trade entry either. Like Richard Dennis founder of the Turtles the money in the account is like points on the board but RESPECTED because they were earned in real life.

Yes Hot Mama is remarkable. I knew she was a winner when I met her a few years ago. It always is an advantage to have talent on your team and I defer to her in areas where her strengths are. I am truely blessed with her.
Trade smaller than rational because the market is irrational...
  • #787,146
  • Apr 12, 2013 1:35pm Apr 12, 2013 1:35pm
Quoting forex4india1
Thank brother for the thumbs up and no hard feelings about the other day.

I can be a rough man to live with sometimes and am deadly serious about what I do. Also I have no filter which causes some not to like me. I try to base it on the truth and common sense.
Trade smaller than rational because the market is irrational...
  • #787,147
  • Apr 12, 2013 1:41pm Apr 12, 2013 1:41pm
Quoting attila
funny you said that... I mentioned before, I don't think I have a very well defined method.. well I do.. there is a core with very hard rules, but at the outer shell things come and go.. if I find them worth it, they'll make their way to the core on their own..
a very nice line here... very, very nice
c'est la vie
  • #787,148
  • Apr 12, 2013 1:46pm Apr 12, 2013 1:46pm
While I was ranting about the MM you asked about. There are two pryamids. One long and one short each in separate accounts.

This is not for hedging as each stands on its own. It is more for balance in the pyramid. Another respected trader suggested that I use CHF/USD instead of being long E/U in one of the pyramids.

The reason I dont do that is that is a synthetic E/U long. What if something affected the CHF that really was of importance to E? That would blow the pyramid out of wack and things could go to Hell real quick.

By being 100% correlated you can achieve balance regardless of what happens with E. If PA is up then you profit. If it goes down then you profit.

Yes there are draw downs if you dont use SL. MM Pyramid doesnt care if you use SL or not or what you use to execute trades it is MM and not TA. But by having one account balance profiting does wonders for you mentally when you look at your account that is in DD

Not using a SL is my preference because of the swings. As we found out today some trades were ITM (In The Money) only to be OTM (Out of The Money) hitting a SL only to resume its trend. That my brother sucks donkey you know what...
Trade smaller than rational because the market is irrational...
  • #787,149
  • Apr 12, 2013 1:47pm Apr 12, 2013 1:47pm
Quoting ec_creep
I missed that. thanks, bro! yep, that is the one I meant!
YW bro
Trade smaller than rational because the market is irrational...
  • #787,150
  • Apr 12, 2013 2:25pm Apr 12, 2013 2:25pm
I posted this on the wrong EUR forum but here it is.

That short @92 is looking good now ITM +9 and counting

See I was wrong when I said usually E has a melt up at the end of the day. I put my thinking aside and trade what the indos told me. Most of the time Mr Indo & Co. is right. Sometimes not so right but MM lets me survive until Ms Market vindicates my positions.

The other day I got crucified here for saying I had a long @56 and a short @52.

I blew a gasket when some said I was basically gambling, hedging or was genuinely full of crap.

#1 I never gamble not with my money or yours.

#2 the entries were close because of the dismal PA so a long and short got triggered.

#3 these were not hedges against each other. The short was much larger than the long and each has to stand own its own.

#4 both ended up winners. The long I cashed out for +50 pips and the short this morning for +3

I am not ashamed to take a 1 pip win. A win is a win and lets me get in at a better level which I did now @92
Trade smaller than rational because the market is irrational...
  • #787,151
  • Apr 12, 2013 2:40pm Apr 12, 2013 2:40pm
*CFTC: Net Euro Short Position $8.3 Billion, Decreases 21%
Trade smaller than rational because the market is irrational...
  • #787,152
  • Apr 12, 2013 2:44pm Apr 12, 2013 2:44pm
Hey can any of you brothers tell me what "Invisible" means at the bottom of the web page?

Are these people who put me on their iggy list God forbid...
Trade smaller than rational because the market is irrational...
  • #787,153
  • Apr 12, 2013 2:48pm Apr 12, 2013 2:48pm
Quoting EuroTraderJD
Hey can any of you brothers tell me what "Invisible" means at the bottom of the web page? Are these people who put me on their iggy list God forbid...
I don't know.
"You're solid gold, see you in hell"
  • #787,154
  • Apr 12, 2013 2:49pm Apr 12, 2013 2:49pm
Quoting matheszabi
I see a Black Friday soon - at mobile MT4 the bear candle must be black, no option to change it
If it will close below 1.3120, than I had right.
I want to buy PATIENCE
  • #787,155
  • Apr 12, 2013 2:51pm Apr 12, 2013 2:51pm
Quoting matheszabi
If it will close below 1.3120, than I had right.
You will probably be right E has some umph but not that much umph.
Trade smaller than rational because the market is irrational...
  • #787,156
  • Apr 12, 2013 2:52pm Apr 12, 2013 2:52pm
Quoting SugarPink
I don't know.
Thanks SugarPink I will see if I can look it up
Trade smaller than rational because the market is irrational...
  • #787,157
  • Apr 12, 2013 2:52pm Apr 12, 2013 2:52pm
Quoting EuroTraderJD
Hey can any of you brothers tell me what "Invisible" means at the bottom of the web page? Are these people who put me on their iggy list God forbid...
Click on your login name , than at left side User Options:
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-04-12 at 10.51.24 PM.png Size: 16 KB
I want to buy PATIENCE
  • #787,158
  • Apr 12, 2013 2:57pm Apr 12, 2013 2:57pm
Quoting matheszabi
Click on your login name , than at left side User Options: {image}
Thanks brother !!!!

Google was useless.

I wish I could give you 100 pips for that answer. I will ask Ms Market to do it for me next time you place a trade.

Again many thanks this was driving me crazy.
Trade smaller than rational because the market is irrational...
  • #787,159
  • Apr 12, 2013 2:57pm Apr 12, 2013 2:57pm
Well there is that melt up i was right about then wrong about then right about.
Trade smaller than rational because the market is irrational...
  • #787,160
  • Apr 12, 2013 2:59pm Apr 12, 2013 2:59pm
zerohedge ‏@zerohedge


EURUSD ramp. Right on cue


See some things are sooo predictable
Trade smaller than rational because the market is irrational...
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