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All Indicators Trading system

  • #1,321
  • Aug 2, 2013 3:45am Aug 2, 2013 3:45am
  • #1,322
  • Aug 2, 2013 4:05am Aug 2, 2013 4:05am
Quoting tafadzwa02
{quote} Second week in a row .I have lost my discipline again
You cannot claim you lost something if you didn't have it in the first place.
Fear prevent possibilities, and so does Greed
  • #1,323
  • Aug 2, 2013 4:32am Aug 2, 2013 4:32am
Quoting tafadzwa02
you just lost more than my 2 weeks salary at my full time job.
you trade on quite high amounts and you can't handle your greed? I mean, doesn't fear of loosing stop you from doing silly things?
last night I lost 2 trades - each was 2,2% - I just got over it - feqr of loosing more stops me from doing silly things
On my way to financial independence - if others can do it - I can do it
  • #1,324
  • Aug 3, 2013 3:19am Aug 3, 2013 3:19am
and you left open position for weekend? very PRO .....................................not
On my way to financial independence - if others can do it - I can do it
  • #1,325
  • Edited 12:35am Aug 5, 2013 12:16am | Edited 12:35am
Quoting tafadzwa02
I am done trading this week.My target is reached , next week I am on £5.19 per pip OR Risk = +/- 3.5%.This business is not that difficult if you just follow a few simple rules, especially the risk factor.I have found out that as long as my risk is less than 4.5% , with the kind of signals I have , I will not panic even if I lose 5 trades in a row, because when I win , my wins cover for the losses . Enjoy the rest of the week , I am off
I let myself down for 3 weeks in the last 4, please check my attached spreadsheet .Whenever I trade without discipline , I color that week RED , so as to remind myself which week I misbehaved.I need 12 weeks AFTER a RED week to consider myself disciplined enough to make a big deposit and start trading full time.This is proving a bit harder than I thought.
Anyway , I am trading at £4.94 per pip OR Risk = +/- 3.5% as per attached spreadsheet.I have added a new worksheet called Actual-No Target (Ideal) .This will show me where I would be compared to where I am if I was disciplined enough to trade my ORIGINAL mindset when I entered a particular trade.Ideally , there should be no difference OR if any , then I should have more pips.
Attached File(s)
File Type: xls Actual Vs Projection-Week Commencing 04-08-2013.xls   406 KB | 208 downloads
  • #1,326
  • Aug 5, 2013 7:05am Aug 5, 2013 7:05am
Quoting Eur Usd
{quote} -------last night I lost 2 trades - each was 2,2% - I just got over it - feqr of loosing more stops me from doing silly things
I can see you now have an explorer , do you want comments or you feel that it might influence you so we should just look at it and ignore ?
  • #1,327
  • Aug 5, 2013 7:05am Aug 5, 2013 7:05am
dont ever mention a word!!!! ;-)
On my way to financial independence - if others can do it - I can do it
  • #1,328
  • Aug 5, 2013 9:58am Aug 5, 2013 9:58am
Quoting tafadzwa02
£4000 is now becoming my Key resistance lol.Last time it was £2000 .
I hope this is just temporary
  • #1,329
  • Aug 6, 2013 3:08am Aug 6, 2013 3:08am
EURUSD is F***king ranging , and it's killed me
  • #1,330
  • Aug 6, 2013 4:04am Aug 6, 2013 4:04am
this is the difficulty I have as well. The problem is that markets are not trending (trends of EUR/JPY and EUR/AUD has finnished) - it is much easier to trade on trending markets. my method don't work too well either - and it was ace in the past
On my way to financial independence - if others can do it - I can do it
  • #1,331
  • Aug 6, 2013 4:20am Aug 6, 2013 4:20am
That's why risk management is very important, so your account can sustain the small loses during this time. When it trends, you must have the nerve to let it run, so you can maximize the profits and recover the small loses. I do not think the GBPAUD and EURAUD run is over, I think it is just correcting, but who am I to know as long as i'm with it when it trends.

Cheers,
Fear prevent possibilities, and so does Greed
  • #1,332
  • Aug 6, 2013 4:26am Aug 6, 2013 4:26am
You are right , its hard to predict which one has stopped or started .I think I will call it quits for the week if I lose one more trade.That will make this last trade a very important one , no messing about .
  • #1,333
  • Aug 6, 2013 4:30am Aug 6, 2013 4:30am
Quoting xtrader101
That's why risk management is very important, so your account can sustain the small loses during this time. When it trends, you must have the nerve to let it run, so you can maximize the profits and recover the small loses. I do not think the GBPAUD and EURAUD run is over, I think it is just correcting, but who am I to know as long as i'm with it when it trends. Cheers,

I have proper mm, I loose between 1-2% per trade, but I still loose - loosing with discipline is still loosing ;-)
On my way to financial independence - if others can do it - I can do it
  • #1,334
  • Aug 6, 2013 4:33am Aug 6, 2013 4:33am
Quoting tafadzwa02
You are right , its hard to predict which one has stopped or started .I think I will call it quits for the week if I lose one more trade.That will make this last trade a very important one , no messing about .
just stop talking about full time trading - think if you would cope with the pressure if it was your only source of earning - I wouldn't. To be honest I got to point where I am sick of trading - some say it's good
On my way to financial independence - if others can do it - I can do it
  • #1,335
  • Aug 6, 2013 4:45am Aug 6, 2013 4:45am
Quoting Eur Usd
{quote} I have proper mm, I loose between 1-2% per trade, but I still loose - loosing with discipline is still loosing ;-)
Losing or winning is the core of trading. Most people cannot handle to see a loss no matter how small it is. I have a friend who asked me if he can trade forex, one thing I asked is how he feels to see a paper loss of $5 and his reply was, he'll sit it out until it turns positive. I worked with this guy for over 3 years and he is a smart ass, but his attitude towards a losing trade makes him unsuitable to trade.

I do not know about you, but since you're already in this game, embrace the losing trades with open arms as long as it was according to your trading plan (entry, exit, risk management) and move to the next trade.
Fear prevent possibilities, and so does Greed
  • #1,336
  • Aug 6, 2013 5:00am Aug 6, 2013 5:00am
2% loss today, I'll quit for today - here is my opinion about dance - http://www.forexfactory.com/showthre...53#post6871953
On my way to financial independence - if others can do it - I can do it
  • #1,337
  • Aug 6, 2013 8:39am Aug 6, 2013 8:39am
Quoting Eur Usd
2% loss today, I'll quit for today - here is my opinion about dance - http://www.forexfactory.com/showthre...53#post6871953
You didn't quit and you know something funny ? I can actually see your state of mind in your trades.You are not yet ready to trade full time
  • #1,338
  • Edited 11:24am Aug 6, 2013 10:53am | Edited 11:24am
Quoting tafadzwa02
{quote} You didn't quit and you know something funny ? I can actually see your state of mind in your trades.You are not yet ready to trade full time

or maybe I am just a liar

I've spotted opportunity so I got into it. I was -2% and am 2.5% - so was worth master Yoda - wasn't it
besides I already know I won't be full time trader, and I know you won't be either what I told you many times, and don't want to explai it for you from the very beginning

besides I have a better performance than you this month, this week, and today - I lost less than you - clearly a proof I am better trader than you LOL
On my way to financial independence - if others can do it - I can do it
  • #1,339
  • Aug 6, 2013 1:28pm Aug 6, 2013 1:28pm
I challenge you tafa - do a better film
http://www.grapheine.com/bombaytv/pu...96d60b20a.html
On my way to financial independence - if others can do it - I can do it
  • #1,340
  • Aug 6, 2013 3:28pm Aug 6, 2013 3:28pm
Quoting Eur Usd
I challenge you tafa - do a better film http://www.grapheine.com/bombaytv/pu...96d60b20a.html
Tafa can do better Movie than that.....
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