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All Indicators Trading system

  • #1,461
  • Aug 14, 2013 7:50am Aug 14, 2013 7:50am
Quoting tafadzwa02
.My trades are doing exactly as I had traded and I have been stopped out , especially GBP-USD
maybe you enter too early?
On my way to financial independence - if others can do it - I can do it
  • #1,462
  • Aug 14, 2013 9:01am Aug 14, 2013 9:01am
Quoting Eur Usd
{quote} maybe you enter too early?

The trouble is I have made a vow to follow my system to the letter , I know in the end it will reward me , but it's painful sometimes.This week , I have seen money vanish in my face , I have see the market stopping me out , even with a feeling that "let me move the stop" , "let me close the trade" , etc .I have stood firm and resisted any temptation .I am quite happy with my performance disciplinary wise so far
  • #1,463
  • Aug 14, 2013 5:49pm Aug 14, 2013 5:49pm
Quoting tafadzwa02
{quote} The trouble is I have made a vow to follow my system to the letter , I know in the end it will reward me , but it's painful sometimes.This week , I have seen money vanish in my face , I have see the market stopping me out , even with a feeling that "let me move the stop" , "let me close the trade" , etc .I have stood firm and resisted any temptation .I am quite happy with my performance disciplinary wise so far
But you broke your 3 trades per day rule.
Fear prevent possibilities, and so does Greed
  • #1,464
  • Aug 14, 2013 11:44pm Aug 14, 2013 11:44pm
Quoting xtrader101
{quote} But you broke your 3 trades per day rule.

I agree , but the risk was +/-1%, which is acceptable to me if I am breaking the rules , just like the gamble I took the day before yesterday with GBP-USD, that is reasonable .Did you see what AUDUSD did to me yesterday?It hit me by less than 3 pips and moved BIG again .I had been in the trade for almost 2 days and it didn't move a lot , only giving me 24pips .As soon as it stops me out its moved over 50 pips , this thing is funny sometimes .
  • #1,465
  • Aug 15, 2013 12:28am Aug 15, 2013 12:28am
From what I understand, you have no definite trading plan/rules. Think of it this way, you make a 4th trade everyday at 1% risk and unfortunately, you lose ten in a row. That would be 10% of loss because from what you said "It's not a big deal."
Fear prevent possibilities, and so does Greed
  • #1,466
  • Aug 15, 2013 4:45am Aug 15, 2013 4:45am
Quoting xtrader101
From what I understand, you have no definite trading plan/rules. Think of it this way, you make a 4th trade everyday at 1% risk and unfortunately, you lose ten in a row. That would be 10% of loss because from what you said "It's not a big deal."
  • #1,467
  • Aug 15, 2013 4:45am Aug 15, 2013 4:45am
  • #1,468
  • Aug 15, 2013 11:09am Aug 15, 2013 11:09am
Quoting tafadzwa02
you had nice profit before and now it's just some pocket money ;-)
make it as a rule that 5% profit is the end of the day
On my way to financial independence - if others can do it - I can do it
  • #1,469
  • Aug 19, 2013 1:17am Aug 19, 2013 1:17am
Quoting xtrader101
I'll give master yoda the motivation to stick to: 1. No Revenge trade 2. No loss should be more than 4.5% My bet is if master yoda keep doing his trading the way it is (Opposite above), his account will be less than £100 by December 31, 2013. No withdrawals and deposit. I'll bet master yoda $US 100.
The amount from £100 is now changed to £500 due to the deposit of £400 on August 16, 2013. If Master Yoda's (Tafadzwa02) amount in this account falls below £500 on or before December 31, 2013, he will pay me US $100. If the amount is higher or equal to £500, I will pay him US $100.

He has to continue trading the way he trades. If he stops trading then this agreement will be voided.
Fear prevent possibilities, and so does Greed
  • #1,470
  • Aug 19, 2013 1:54am Aug 19, 2013 1:54am
Quoting xtrader101
{quote} The amount from £100 is now changed to £500 due to the deposit of £400 on August 16, 2013. If Master Yoda's (Tafadzwa02) amount in this account falls below £500 on or before December 31, 2013, he will pay me US $100. If the amount is higher or equal to £500, I will pay him US $100. He has to continue trading the way he trades. If he stops trading then this agreement will be voided.


The Deal is on

  • #1,471
  • Aug 19, 2013 10:24am Aug 19, 2013 10:24am
I hate it when you trade and the market pretends to move ,then comes back and stalls
  • #1,472
  • Aug 19, 2013 10:36am Aug 19, 2013 10:36am
Quoting tafadzwa02
I hate it when you trade and the market pretends to move ,then comes back and stalls

tafa, I noticed you rush things. you are still too greedy, and it looks for me like you hunt 10% profit a day.
how about you'll stick to 3%? lower down your expectations.
with cash you have and assuming you'd have 150 profitable days a year with 3% profit you'll have some nice cash. sometimes you'll get more than 3% but why entering into another trade once you crossed the 3%? it may reach 5% some time or 10%, but after closing down stop seeking another signal, because you force it, you don't find good one, but you force it. also you should let it go today. no news, holidays season and you go long for no reason imo. it will go up probably this week, but today it has already done it's moves.

now take a look at the approach I take now: http://www.forexfactory.com/showthre...412433&page=17
I give myself 5 years to be mortgage free and secure my family's future - from now on I'll treat trading as long time investment. 5 years since the demo finishes, I'll be just below 40 when the time finishes. I consider finding myself some part time, besides life and happines is not only about money - you can be rich and sad or poor and very happy
On my way to financial independence - if others can do it - I can do it
  • #1,473
  • Aug 19, 2013 1:31pm Aug 19, 2013 1:31pm
Quoting Eur Usd
{quote} tafa, I noticed you rush things. you are still too greedy, and it looks for me like you hunt 10% profit a day. how about you'll stick to 3%? lower down your expectations. with cash you have and assuming you'd have 150 profitable days a year with 3% profit you'll have some nice cash. sometimes you'll get more than 3% but why entering into another trade once you crossed the 3%? it may reach 5% some time or 10%, but after closing down stop seeking another signal, because you force it, you don't find good one, but you force it. also you should...
Trading Demo is NOT trading , you know that , i know that , everyone knows that
  • #1,474
  • Aug 19, 2013 1:36pm Aug 19, 2013 1:36pm
Quoting xtrader101
{quote} The amount from £100 is now changed to £500 due to the deposit of £400 on August 16, 2013. If Master Yoda's (Tafadzwa02) amount in this account falls below £500 on or before December 31, 2013, he will pay me US $100. If the amount is higher or equal to £500, I will pay him US $100. He has to continue trading the way he trades. If he stops trading then this agreement will be voided.
I actually deposited £823 , so the adjustment is

"The amount from £100 is now changed to £923 due to the deposit of £823 on August 16, 2013. If Master Yoda's (Tafadzwa02) amount in this account falls below £923 on or before December 31, 2013, he will pay me US $100. If the amount is higher or equal to £923, I will pay him US $100. He has to continue trading the way he trades. If he stops trading then this agreement will be voided."

I am on +/- £110 risk per trade this week .I also intend to withdraw some money latter one , I have only deposited to break this psychological barrier of £4000 , which is proving to be tough to beat .Please see attached
Attached File(s)
File Type: xls Actual Vs Projection-Week Commencing 18-08-2013.xls   410 KB | 198 downloads
  • #1,475
  • Aug 19, 2013 2:29pm Aug 19, 2013 2:29pm
Quoting tafadzwa02
I have only deposited to break this psychological barrier of £4000 , which is proving to be tough to beat .Please see attached {file}
I know.

regarding to my demo - it is a learning tool. it has to teach me discipline, and I will run it probably till end of the year. I need to conquer my demons - what's the difference if it happens on live or demo?
On my way to financial independence - if others can do it - I can do it
  • #1,476
  • Aug 20, 2013 2:15am Aug 20, 2013 2:15am
Broke risk % today eh? I hope you'll end up green.
Fear prevent possibilities, and so does Greed
  • #1,477
  • Aug 20, 2013 2:40am Aug 20, 2013 2:40am
Quoting xtrader101
Broke risk % today eh? I hope you'll end up green.
No , I didn't ???Check the attached .I have a risk of +/-2.9% per trade , 3 trades a day (losers).You can do the maths
Attached File(s)
File Type: xls Risk Calculation.xls   19 KB | 162 downloads
  • #1,478
  • Aug 20, 2013 3:19am Aug 20, 2013 3:19am
Quoting tafadzwa02
{quote} No , I didn't ???Check the attached .I have a risk of +/-2.9% per trade , 3 trades a day (losers).You can do the maths {file}
+/- 2.9% and right now you just had a loss of over 5%.
Fear prevent possibilities, and so does Greed
  • #1,479
  • Aug 20, 2013 4:26am Aug 20, 2013 4:26am
Quoting xtrader101
{quote} +/- 2.9% and right now you just had a loss of over 5%.
3 Trade loses per day @ 2.9% each = 8.7% per DAY ..I have only done 4.8% today so its still fine .Its something similar to the document I attached earlier.Having said that , I am gutted by my performance in the last 3 weeks .I am having a nightmare with the market.Everything I am doing is wrong more that it's right .I just wish this bad run could just end soon
  • #1,480
  • Aug 20, 2013 4:30am Aug 20, 2013 4:30am
Quoting tafadzwa02
{quote} 3 Trade loses per day @ 2.9% each = 8.7% per DAY ..I have only done 4.8% today so its still fine .Its something similar to the document I attached earlier.Having said that , I am gutted by my performance in the last 3 weeks .I am having a nightmare with the market.Everything I am doing is wrong more that it's right .I just wish this bad run could just end soon
You need to work on your Money Management.
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