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My path to heaven or hell

  • #41
  • Aug 7, 2013 9:55am Aug 7, 2013 9:55am
Quoting pemully
I'm getting hammered mercilessly down about 11%. Time to reduce position size to 1% while I lick my wounds.
Sorry hearing that. One of the view journals I actually follow.
Money is important, Love is essential.
  • #42
  • Aug 8, 2013 1:33am Aug 8, 2013 1:33am
Quoting pemully
I'm getting hammered mercilessly down about 11%. Time to reduce position size to 1% while I lick my wounds. I have started a new experiment with a second system and if it works I'll be in heaven.

Pemully seems like you are facing some really strong drag as you increase your thrust.
Good to hear that you are slowing down, but I hope just for a brief while, then you will
be back. ( works well in aviation)
Revert to what earned you the 60% and you should be back.

Danny
  • #43
  • Aug 8, 2013 1:52am Aug 8, 2013 1:52am
Quoting pemully
I'm getting hammered mercilessly down about 11%. Time to reduce position size to 1% while I lick my wounds. I have started a new experiment with a second system and if it works I'll be in heaven.
If you don't mind me asking, what system was you using and what is this new system you're trying out? Don't worry, I'm not asking so I can use it as I'm happy with what I do, I'm just curious to how you actually view the market, ie; do you have a good idea where the big orders are likely to be? from experience that in itself requires you to look at the actual candlesticks (mainly the open price of certain candles), or do you use indicators to make your decision to enter?
  • #44
  • Aug 8, 2013 6:15am Aug 8, 2013 6:15am
Quoting GDR3k
{quote} If you don't mind me asking, what system was you using and what is this new system you're trying out? Don't worry, I'm not asking so I can use it as I'm happy with what I do, I'm just curious to how you actually view the market, ie; do you have a good idea where the big orders are likely to be? from experience that in itself requires you to look at the actual candlesticks (mainly the open price of certain candles), or do you use indicators to make your decision to enter?

my main system basically enters on retracements in the direction of the daily trend.My newer system uses the same concept only that it uses shorter timeframes.I use P.A mainly around round numbers for entry.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #45
  • Aug 8, 2013 6:24am Aug 8, 2013 6:24am
Quoting Danny Maina
{quote} Pemully seems like you are facing some really strong drag as you increase your thrust. Good to hear that you are slowing down, but I hope just for a brief while, then you will be back. ( works well in aviation) Revert to what earned you the 60% and you should be back. Danny

I have 4 consecutive losing trades,which is a must for a system that wins about 50%.In fact the maximum losing streak could reach 16! so nothing out of the system bounds.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #46
  • Aug 8, 2013 7:07am Aug 8, 2013 7:07am
Quoting pemully
{quote} I have 4 consecutive losing trades,which is a must for a system that wins about 50%.In fact the maximum losing streak could reach 16! so nothing out of the system bounds.
In my Monte Carlo Simulation: 1000 trades
Number of Sequences: 50000:
a system that wins about 50% - I get as a maximum losing streak 22. On average: 9.3.

Probability above 16: 0.37 %


Cheers

Ati
Money is important, Love is essential.
  • #47
  • Aug 8, 2013 8:12am Aug 8, 2013 8:12am
Pemully ..... Post #44 is somwhat how I operate in this market. I always enjoy your post.
  • #48
  • Oct 15, 2013 8:34am Oct 15, 2013 8:34am
hi pemully,

just checking how things are going .. did you give up on this experiement?


Cheers

Ati
Money is important, Love is essential.
  • #49
  • Last Post: Oct 15, 2013 9:19am Oct 15, 2013 9:19am
Quoting Ati Baia
hi pemully, just checking how things are going .. did you give up on this experiement? Cheers Ati

yep.....I did stop the experiment and returned to lower leverage.I am just to cautious to bet big.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
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