All Indicators Trading system | Page 94 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

HYBRID: trading system within a trading system 31 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Simple scalping system, all red or all green 101 replies

looking for trading system without indicators 39 replies

Attachments: All Indicators Trading system
Exit Attachments

All Indicators Trading system

  • #1,861
  • Nov 21, 2013 6:01pm Nov 21, 2013 6:01pm
Now what needs to be done is flawless execution of the plan. An excellent plan is of no good if execution is lacking conviction.

My UJ trade is running smoothly and so does GU. Although I got stopped out of my short GU yesterday, but I went long after I saw the big hourly candle going back above 1.61. Now we wait if it does the same as GBPAUD and GBPNZD. I missed the boat on those two pairs anyway.
Fear prevent possibilities, and so does Greed
  • #1,862
  • Nov 22, 2013 12:44am Nov 22, 2013 12:44am
Tafa, you are at it again...

Every now and then, you have a day that wipes out your whole account.
  • #1,863
  • Edited 2:50pm Nov 22, 2013 4:29am | Edited 2:50pm
I hope you're doing well now Master Yoda. Like I said before, your SYSTEM works, its YOU that makes your trading performance suffer. If only you can control your emotions. The way I see it is you lose control of emotions because of the amount of money you lose or risk is substantial and for some reason, you brain cannot handle the stress caused by losing that much.

I had to close my UJ trade for 90 pips only (Target was 140 pips) before Draghi spoke cuz I took two long positions in EJ (one was filled with 20 pip slippage) and I had to minimize exposure to Yen. GU is not moving at all, so I had to close one position. I'll close another one if gets to 1.6250 and ride the rest up or down.
Fear prevent possibilities, and so does Greed
  • #1,864
  • Nov 22, 2013 1:31pm Nov 22, 2013 1:31pm
Quoting duyk20
Tafa, you are at it again... Every now and then, you have a day that wipes out your whole account.
I did explain why , but I guess , since I have said this before , you might not believe me .You can see how I managed to give up Wednesday after I had been bruised and battered by the market .In my old days , I would have had my account grounded.This shows you how I have moved on from last year .The good thing from this is , every time I have had this experience , I always come out even stronger, Will see from next week

Quoting xtrader101
I hope you're doing well now Master Yoda. Like I said before, your system WORKS, its you that makes your trading performance suffer. If only you can control your emotions. ..
Master Yoda will survive .I know that my system works , that's why I get frustrated when I lose and my system is winning .I have had enough of trying to beat my system .I am not going to add anything fancy , even if I strongly "feel" that the signal is not right , or some news is coming , I will just take it .This is the only solution to my troubles .This will also remove emotions out of my trading .


Quoting xtrader101
The way I see it is you lose control of emotions because of the amount of money you lose or risk is substantial and for some reason, you brain cannot handle the stress caused by losing that much. ....
I have reduced my risk to less than 2% per trade , basically , anything between 1.5% and 2% will be my new risk per trade .I have also removed targets per week , I will trade every signal that comes along if I am available to trade ,
The only difference between "CUSTOMIZED ALL IND" i.e "MINE"and "PURE ALL IND"
will just be
a.I will only stop for that week if I get 6 continuous losing trades
b. If a signal comes along and I am sleeping or not available to take it for some reason
I will still record those signals regardless



Quoting xtrader101
...I had to close my UJ trade for 90 pips only (Target was 140 pips) before Draghi spoke cuz I took two long positions in EJ (one was filled with 20 pip slippage) and I had to minimize exposure to Yen. GU is not moving at all, so I had to close one position. I'll close another one if gets to 1.6250 and ride the rest up or down....
Well done , Its taken some time for your account to kick off , hope the trend continues and you win so that you can afford to pay me my ££
  • #1,865
  • Nov 23, 2013 4:08am Nov 23, 2013 4:08am
I am on +/-£75 risk per trade. Please check attached for more info.I have reduced my risk to an average of 2% per trade .I have also removed those "MINE" trades.I have restored the ORIGINAL All IND tab in my weekly spreadsheet which I had removed in October because could not bear to watch how my system was performing as compared to my actual performance . I had "started afresh" but my system keeps out performing me , so whats the point of "starting afresh" ?
If I had been following my system like a machine , I would be somewhere , but I will let bygones be bygones and focus on the next challenge .
Like I said before , I will be like a machine , I will trade my system no matter how I feel.

HAPPY TRADING

Attached File(s)
File Type: xls Actual Vs All Ind Week Commencing 24-11-2013.xls   287 KB | 247 downloads
  • #1,866
  • Nov 23, 2013 11:38am Nov 23, 2013 11:38am
Quoting tafadzwa02
... Like I said before , I will be like a machine , I will trade my system no matter how I feel...
You will start to see that My Performance and ALL IND will will be almost similar , the only difference will be those trades I wouldn't have taken because I am not available to trade .I generally don't do order to open , 90% my trades are manual executions.
  • #1,867
  • Nov 25, 2013 7:33am Nov 25, 2013 7:33am
I am no longer emotionally attached to my trades , I have had 2 trades I didn't want to trade but I had to do it because my system said I should.GBPUSD is bouncing off Monthly R1 and there was a big resistance @ 16221 , but I had no option , I got a buy signal on the Daily Pivot and got stopped out .I have also been advised not to make any changes to ALL IND since the final weekly tally is a combination of All trades not just trades after "6 continuous losses" as I had planned to do .So all my trades for the week will be taken , which might mean , 8 continuous losses , it doesn't matter as long a I am sticking to my system , in the end I will be OK .

Let the battle continue

  • #1,868
  • Nov 25, 2013 7:44am Nov 25, 2013 7:44am
I am a bit fed up recently with trading. I am in middle of buying house, lots in my head. besides will stop trading half December-Half January for personal reasons. after buying house will have to redecorate house, re-build emergency fund, buy some furnitures, buy a car, it will affect the time when I'll be available for FX.
In plans also long term investments - thinking of stocks, indices (bit risky as they are at its peak) and few more, small amounts but put away on regular basis
On my way to financial independence - if others can do it - I can do it
  • #1,869
  • Nov 26, 2013 2:40am Nov 26, 2013 2:40am
Quoting Eur Usd
I am a bit fed up recently with trading. I am in middle of buying house, lots in my head. besides will stop trading half December-Half January for personal reasons. after buying house will have to redecorate house, re-build emergency fund, buy some furnitures, buy a car, it will affect the time when I'll be available for FX. In plans also long term investments - thinking of stocks, indices (bit risky as they are at its peak) and few more, small amounts but put away on regular basis
I hear you man , I understand your troubles , life can be cruel sometimes , worse still FOREX , its even worse because this beast can put you into even more s***t
  • #1,870
  • Nov 26, 2013 3:09am Nov 26, 2013 3:09am
Quoting tafadzwa02
{quote} I hear you man , I understand your troubles , life can be cruel sometimes , worse still FOREX , its even worse because this beast can put you into even more s***t
I lost about 2k in forex, plus cash spent on books (probably around 30 now) - it is cash spent on education - that's how I see it and believe that one way or another it will bring profits some day, so am not giving up, but FX is for me as boring as going to work - was cool on the beginning and then it is just boring.
after buying house I will try to push it further, to invest, maybe buy something on buy to let basis, to take a look into shares more deeply, maybe physical silver or gold and will stick to FX as well. but the way I see it today - health and regular income from full time job are the most important right now
On my way to financial independence - if others can do it - I can do it
  • #1,871
  • Edited 6:39am Nov 27, 2013 6:09am | Edited 6:39am
Today is a good day for my trading. GU breakout. Yesterday, I got whipsawed twice.

Max TP for the last position is 200 pips which coincides with the high on the weekly on 12/30/2012 or get stopped out below 1.6250.
Fear prevent possibilities, and so does Greed
  • #1,872
  • Nov 27, 2013 6:39am Nov 27, 2013 6:39am
Quoting xtrader101
Today is a good day for my trading. GU breakout. Yesterday, I got whipsawed twice.
I can see you jumping up and down , your accounts seem to be looking OK at the moment. Your system lo oks like its a trending system. You need to be ready when this trending stops .Mine takes care of both , so I am OK .This trending will surely come to an end very soon, so be prepared for long "winter"
  • #1,873
  • Nov 27, 2013 7:38am Nov 27, 2013 7:38am
Quoting tafadzwa02
{quote} I can see you jumping up and down , your accounts seem to be looking OK at the moment. Your system lo oks like its a trending system. You need to be ready when this trending stops .Mine takes care of both , so I am OK .This trending will surely come to an end very soon, so be prepared for long "winter"
Nothing to jump about. Yes, my system is trend following, but not the long term trend, just the trend in the 4H and my entries are triggered in the hourly and 30M that's why I get a lot of small loses, but my winners takes care of them when I catches the trend. It's a matter of having the nerve to see small loses pile, but most importantly, the nerve to hang tight to my winners until it reaches 95% of the TP, in which case my trailing stops kick in.

GBPAUD and GBPNZD closed prematurely in my moderate account as I was tinkering with a trailing stop EA and forgot to change my settings. Lost opportunity almost 200 pips.
Fear prevent possibilities, and so does Greed
  • #1,874
  • Nov 27, 2013 10:37am Nov 27, 2013 10:37am
I see you start getting the point - small but regular profit is better than 20% profit on one day, then 0% on average for a week, then 40% loss ;-)
On my way to financial independence - if others can do it - I can do it
  • #1,875
  • Nov 27, 2013 12:04pm Nov 27, 2013 12:04pm
Quoting Eur Usd
I see you start getting the point - small but regular profit is better than 20% profit on one day, then 0% on average for a week, then 40% loss ;-)
Not really , I am only BLINDLY following my system , don't really care what it says , if there is a buy signal , I will juts buy , if there is a sell signal , I will just sell .No questions asked , no emotions , nothing , not even looking at the charts , set my TP and leave the PC , that's it
  • #1,876
  • Edited 3:14pm Nov 27, 2013 2:48pm | Edited 3:14pm
I will also suggest some room for discretion. Example, in GBPUSD, your system may not generate a buy signal, but it bounces former resistance at 1.6259. The risk and reward at this current price level is attractive in my books. What I mean is if you go long say at 1.6275 with SL @ 1.6245 with TP @ 1.6380 that's 3R.
More aggressive SL just 2 pips below 1.6259, now that's more than 5R. All you need to do is pull the trigger and buy without emotions. OF COURSE DO NOT BET THE FARM.

Disclosure: I start adding at 1.6293 down to 1.6278 and this does not constitute a financial advice.
Fear prevent possibilities, and so does Greed
  • #1,877
  • Nov 28, 2013 5:53am Nov 28, 2013 5:53am
GU is struggling to get past 1.6350 decisively, i'll take some off the table just below 1.6340 and update SL for the rest just below 1.63.
Fear prevent possibilities, and so does Greed
  • #1,878
  • Nov 28, 2013 7:19am Nov 28, 2013 7:19am
Quoting xtrader101
GU is struggling to get past 1.6350 decisively, i'll take some off the table just below 1.6340 and update SL for the rest just below 1.63.

The GU behaviour is puzzling , but yes , there is bound to be a resistance soon and a bit of a whipsaw
  • #1,879
  • Nov 28, 2013 7:27am Nov 28, 2013 7:27am
Quoting tafadzwa02
{quote} The GU behaviour is puzzling , but yes , there is bound to be a resistance soon and a bit of a whipsaw
For faster movements, GBPAUD AND GBPNZD is way much better than GU. I got stopped out of my GN trades for barely a gain and now it's moving. I'll wait again for the next opportune time.
Fear prevent possibilities, and so does Greed
  • #1,880
  • Nov 29, 2013 7:23am Nov 29, 2013 7:23am
http://www.forexfactory.com/showthre...37#post7121337
just don't answer there guys - kostas doesn't like off tops
On my way to financial independence - if others can do it - I can do it
0 traders viewing now