Disliked{quote} UJ Long Trade: Added longs #16 and #17, Scouts (catching up on posting). Adjusted TP. {image}Ignored
http://www.forexfactory.com/attachme...5&d=1375191521
http://www.forexfactory.com/attachme...1&d=1375108055
- #54,922
- Jul 30, 2013 11:07am Jul 30, 2013 11:07am
{quote} EURAUD Short Trade: Added short #2. {image}
Price hike above 1.46500
I added too sell orders between first and second sell. I don't like DD.
. I try like this method with orders and working for me.
- #54,927
- Jul 30, 2013 1:29pm Jul 30, 2013 1:29pm
- Joined Mar 2013 | Status: In the learning phase.. | 1,377 Posts
Whatever is obvious is obviously wrong!"
- #54,928
- Jul 30, 2013 3:36pm Jul 30, 2013 3:36pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #54,929
- Jul 30, 2013 3:41pm Jul 30, 2013 3:41pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #54,930
- Jul 30, 2013 3:44pm Jul 30, 2013 3:44pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #54,931
- Jul 30, 2013 3:50pm Jul 30, 2013 3:50pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EG Short Trade: Entered short #1, Scout. PVSRA shows rising price and rising activity. So, this proves the MMs are Bulls that are more and more anxious to buy at higher and higher prices!Gee, I guess if we get lucky and see the market makers pump the price thru the upper whole number, that would be a good place to hedge and enter a long!
- #54,932
- Edited 5:26pm Jul 30, 2013 4:04pm | Edited 5:26pm
Update and General Money Management. Sorry, I've been so busy so haven't been posting my trades. But here's a summary along with some thoughts. Not many post their real live active DD (besides Tah's summary) so I thought this would be good.
Currently have 4 pairs traded via PVSRA:
Long: UJ (10 x .01 lots), GJ (16 x .01 lots), UC (6 x .01 lots)
Short: EU (7 x .01 lots)
Total drawdown: 6.7% (-2000 pips), 33 trades, Original equity of $2900, Live Account
I will include charts when i get the chance.
GJ moved down substantially, so you see I've added scouts along the way. Now, decreasing my spacing to around 50 pips as I add more scouts. This is what I consider the hardest time for PVSRA that requires patience and perseverance. I have a total of 33 trades open, with 2000 pips down and only 6.7%. If you consider "regular" trading with 2% risk per trade, this is like losing about 3 trades. Think about how often that happens. Thus, trading the smallest size (0.01 lots), we can trade without SL and handle DD better. If I don't add any more, I'll have about 28000 pips left. I'm using only 40% of my margin at the moment. Thus, I have about 16,800 pis left before margin call (or roughly 60% of the account). 16,800 pips across 33 trades is about 500 pips additional DD for each individual trade. This is every single trade goes against me that much. But I have 4 pairs traded and therefore diversifying myself and can suffer a much greater DD if at least one of the pairs finally go to run for profits. The more scouts I add, the smaller my available margin, the less breathing room I have, but the better average price, it's a tradeoff. If you are becoming scarce, increase your spacing over time.
Doing the math this way let's me realize that there is not much more risk trading this strategy. You just need a good amount of equity and trade the smallest possible. And really, I do recommend the SMALLEST possible for any account size, until you get used to knowing the drawdown involved. Then maybe at that point, scaling up would make sense, as it's all about proportions. Just gotta find that sweet spot. And remember... "Rome was not build in one day."
Persevering...
You will noticed some trades are a little higher (0.05 lots). These were late entries into the pair so I wanted to start off as if I had 5 trades open. My math above takes this into account and treats 0.05 as 5 x 0.01 lot trades.
This is the second week I started trading PVSRA. Happy trading!
Currently have 4 pairs traded via PVSRA:
Long: UJ (10 x .01 lots), GJ (16 x .01 lots), UC (6 x .01 lots)
Short: EU (7 x .01 lots)
Total drawdown: 6.7% (-2000 pips), 33 trades, Original equity of $2900, Live Account
I will include charts when i get the chance.
GJ moved down substantially, so you see I've added scouts along the way. Now, decreasing my spacing to around 50 pips as I add more scouts. This is what I consider the hardest time for PVSRA that requires patience and perseverance. I have a total of 33 trades open, with 2000 pips down and only 6.7%. If you consider "regular" trading with 2% risk per trade, this is like losing about 3 trades. Think about how often that happens. Thus, trading the smallest size (0.01 lots), we can trade without SL and handle DD better. If I don't add any more, I'll have about 28000 pips left. I'm using only 40% of my margin at the moment. Thus, I have about 16,800 pis left before margin call (or roughly 60% of the account). 16,800 pips across 33 trades is about 500 pips additional DD for each individual trade. This is every single trade goes against me that much. But I have 4 pairs traded and therefore diversifying myself and can suffer a much greater DD if at least one of the pairs finally go to run for profits. The more scouts I add, the smaller my available margin, the less breathing room I have, but the better average price, it's a tradeoff. If you are becoming scarce, increase your spacing over time.
Doing the math this way let's me realize that there is not much more risk trading this strategy. You just need a good amount of equity and trade the smallest possible. And really, I do recommend the SMALLEST possible for any account size, until you get used to knowing the drawdown involved. Then maybe at that point, scaling up would make sense, as it's all about proportions. Just gotta find that sweet spot. And remember... "Rome was not build in one day."
Persevering...
You will noticed some trades are a little higher (0.05 lots). These were late entries into the pair so I wanted to start off as if I had 5 trades open. My math above takes this into account and treats 0.05 as 5 x 0.01 lot trades.
This is the second week I started trading PVSRA. Happy trading!
insanity: Doing the same thing over... and expecting different results -AE
- #54,933
- Edited 5:28pm Jul 30, 2013 5:06pm | Edited 5:28pm
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
One thing about PVSRA is that it relieves trading boredom. I have moved more funds in that direction. Number of shots in my minigun now stand at 110,000. That should tide me over for awhile.
If you are good at something, never do it for free--Joker
- #54,934
- Edited 5:35pm Jul 30, 2013 5:23pm | Edited 5:35pm
UC Stop hunting during illiquid hours. First lower spike indicates Bulls. Second lower spike was within 1 minute and low volume. Isnt that weird? Easy manipulation during nonvolatile times. Only big players can put big orders (low volume) to take out stops. Can u say... Bulls!?
insanity: Doing the same thing over... and expecting different results -AE
- #54,935
- Jul 30, 2013 5:34pm Jul 30, 2013 5:34pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #54,939
- Edited Jul 31, 2013 2:59am Jul 30, 2013 5:55pm | Edited Jul 31, 2013 2:59am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Wow. Shady freakin brokers. It's FXCM. Good thing I'm immune to them! Ahahaha. Probably should think about finding another one then. Funny, being a well known big broker doens't mean they are fair. They are after all there to TAKE YOUR MONEY! Bastards. What broker do you use Tah?
qFish,
FXCM (NYC located and on the stock exchange) seems cut from the same cloth as all the "Thieves of Wall Street". I have multiple brokers (Alpari, FXCM, FXDD) and still looking for others. Being a USA trader, the pickin's are slim. I don't trust FXCM due to the shenanigans you just witnessed, and it is not the first time either. It's dealing desk does this to it's own clients, and apparently inventing it's own world of prices to do so! FXDD has spreads that are far less competitive, "crooks". Alpari (US) I rank the best of the bunch.
My trading involves seldom use of SLs. If and when I decide to close, I manually close. My trading is very much "hands on" by me and "Hands off!" for my brokers.
-tah