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All Indicators Trading system

  • #1,481
  • Aug 20, 2013 4:36am Aug 20, 2013 4:36am
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 are not doing WRONG as long as those trades are according to your plan. no system will work all the time, that's why risk management is very important to get past the drawdowns and still able to trade and be profitable when our system is in sync with the market again.
Fear prevent possibilities, and so does Greed
  • #1,482
  • Aug 20, 2013 8:27am Aug 20, 2013 8:27am
tafa do as you want but I think if you'll keep it too long you will loose. you have nice daily profit , let it go or you'll finish like last week from 7% profit you went onto be or below - it's better to catch bit of an move than loose - but up to you, I am only stupid demo player and you are the trader.
On my way to financial independence - if others can do it - I can do it
  • #1,483
  • Aug 20, 2013 8:33am Aug 20, 2013 8:33am
Quoting Eur Usd
tafa do as you want but I think if you'll keep it too long you will loose. you have nice daily profit , let it go or you'll finish like last week from 7% profit you went onto be or below - it's better to catch bit of an move than loose - but up to you, I am only stupid demo player and you are the trader.
I would have wanted to keep it for long , following my rules , but I am having a bad run , so I have just decided to close it .It's only Tuesday .I hope this bad run is finished
  • #1,484
  • Aug 20, 2013 8:39am Aug 20, 2013 8:39am
it will finish only once you'll stop being greedy and will take what market gives . you got over 6% profit today, let it go, don't trade today. I stopped trading for today even if I still see good opportunities and will start in the evening again as I treat it as separate day. I bet if you'll take another trade it will lose you.
On my way to financial independence - if others can do it - I can do it
  • #1,485
  • Aug 20, 2013 8:57am Aug 20, 2013 8:57am
Quoting Eur Usd
it will finish only once you'll stop being greedy and will take what market gives . you got over 6% profit today, let it go, don't trade today. I stopped trading for today even if I still see good opportunities and will start in the evening again as I treat it as separate day. I bet if you'll take another trade it will lose you.

To be honest with you , my confidence is down .I have stopped for today.
  • #1,486
  • Aug 20, 2013 8:57am Aug 20, 2013 8:57am
You should ALWAYS follow your rules. Do not listen to noises. Until you are comfortable with that, I do not see you trading full time anytime soon. You may win our bet, but trading full time will be a distant possibility.

It just broke EU high and you already panicking. The most difficult task is from point A to point B, where loads of emotions are bottled up.

It might retrace back to 1.34 soon and hit your stop. This is what they call "Damn if you do and damn if you don't".

cheers,
Fear prevent possibilities, and so does Greed
  • #1,487
  • Aug 20, 2013 9:02am Aug 20, 2013 9:02am
I wonder why am I spending here so much time, it's been probably a year or so since I found this thread and started writing here
I gotta stop
On my way to financial independence - if others can do it - I can do it
  • #1,488
  • Aug 20, 2013 9:02am Aug 20, 2013 9:02am
Quoting Eur Usd
it will finish only once you'll stop being greedy and will take what market gives . you got over 6% profit today, let it go, don't trade today. I stopped trading for today even if I still see good opportunities and will start in the evening again as I treat it as separate day. I bet if you'll take another trade it will lose you.
How do you know how much the market can give?
Fear prevent possibilities, and so does Greed
  • #1,489
  • Aug 20, 2013 9:05am Aug 20, 2013 9:05am
Quoting Eur Usd
I wonder why am I spending here so much time, it's been probably a year or so since I found this thread and started writing here I gotta stop
Because you find FF entertaining and amusing.
Fear prevent possibilities, and so does Greed
  • #1,490
  • Aug 20, 2013 9:08am Aug 20, 2013 9:08am
Quoting xtrader101
{quote} How do you know how much the market can give?

I don't but I know that once the price hesitates it's better to take what it gave you so far than give it back
On my way to financial independence - if others can do it - I can do it
  • #1,491
  • Aug 20, 2013 9:09am Aug 20, 2013 9:09am
Quoting xtrader101
{quote} Because you find FF entertaining and amusing.
I did mean rather this thread not ff in general/

besides guys do you do any sports?
I do crossfit, in the past it was normal gym, some martial arts (mostly striking) and cross country cycling
On my way to financial independence - if others can do it - I can do it
  • #1,492
  • Aug 20, 2013 9:21am Aug 20, 2013 9:21am
Quoting Eur Usd
{quote} I don't but I know that once the price hesitates it's better to take what it gave you so far than give it back
Then you have to define your trading time frame because I do not see any hesitation in 1H, 4H, and daily. I do not look time frames below that. Prices will always fluctuate in certain levels to shake off weak hands, that's why I suggested to master yoda to scale out, so he can ride the run say 1/3 or 1/2 of his position until his intended target and if it hit his stop loss, well he got some out already at higher level.

However, what works for me may not work for him or you.
Fear prevent possibilities, and so does Greed
  • #1,493
  • Aug 20, 2013 9:23am Aug 20, 2013 9:23am
Quoting Eur Usd
{quote} I did mean rather this thread not ff in general/ besides guys do you do any sports? I do crossfit, in the past it was normal gym, some martial arts (mostly striking) and cross country cycling
I play tennis and basketball and once in a while bungee jumping off Nanaimo river when I'm in Vancouver.
Fear prevent possibilities, and so does Greed
  • #1,494
  • Aug 20, 2013 9:23am Aug 20, 2013 9:23am
Quoting xtrader101
However, what works for me may not work for him or you.
exactly

I trade mostly on 15m charts, 1h, 4h and daily plus sometimes 5m are just to seek confirmation in what I do
On my way to financial independence - if others can do it - I can do it
  • #1,495
  • Aug 20, 2013 9:29am Aug 20, 2013 9:29am
Quoting xtrader101
{quote} I play tennis and basketball and once in a while bungee jumping off Nanaimo river when I'm in Vancouver.
and what about you tafa? you should at least play world of tanks ;-)
On my way to financial independence - if others can do it - I can do it
  • #1,496
  • Aug 20, 2013 9:39am Aug 20, 2013 9:39am
http://www.forexfactory.com/news.php?do=news&id=442966

now I know why I suck at trading
On my way to financial independence - if others can do it - I can do it
  • #1,497
  • Aug 20, 2013 9:51am Aug 20, 2013 9:51am
Quoting Eur Usd
http://www.forexfactory.com/news.php?do=news&id=442966 now I know why I suck at trading

.Funny article
I don't do any sports
  • #1,498
  • Aug 20, 2013 10:01am Aug 20, 2013 10:01am
Quoting tafadzwa02
{quote} .Funny article I don't do any sports
maybe you should try - anything does it good and takes your brain off trading
I feel better after gym
On my way to financial independence - if others can do it - I can do it
  • #1,499
  • Aug 21, 2013 10:24am Aug 21, 2013 10:24am
Quoting tafadzwa02
{quote} ------I have only deposited to break this psychological barrier of £4000 , which is proving to be tough to beat .Please see attached {file}
Looks like my manual intervention has worked
  • #1,500
  • Aug 21, 2013 1:56pm Aug 21, 2013 1:56pm
Quoting tafadzwa02
{quote} Looks like my manual intervention has worked
It's very hard for me seeing £600 going , just because I am following a system , It sucks
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