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All Indicators Trading system

  • #1,921
  • Edited 5:14pm Jan 13, 2014 4:34pm | Edited 5:14pm
Quoting tafadzwa02
{quote} Where is your explorer man? Is it now part of your system not to show it ? I told you , even £10 is money , if you can't win there , you can't win with £100.You lost over 40% in less than a month , go back to the drawing board and start afresh
It was only a test with 10 quid and I lost only 3, so no reason for your triumph. I moved rest to my proper account with proper trading method. Btw I got 2,8% profit today, it's more than you have earned within over a year lol

Btw: http://www.xm.com/contests
On my way to financial independence - if others can do it - I can do it
  • #1,922
  • Jan 13, 2014 9:12pm Jan 13, 2014 9:12pm
Master Yoda,

Are you sure your GA stop is 1.8990?

Cheers,
FxTurtle
Fear prevent possibilities, and so does Greed
  • #1,923
  • Jan 14, 2014 4:09am Jan 14, 2014 4:09am
Quoting xtrader101
Master Yoda, Are you sure your GA stop is 1.8990? Cheers, FxTurtle

that's just a higher level of greed
On my way to financial independence - if others can do it - I can do it
  • #1,924
  • Jan 14, 2014 4:31am Jan 14, 2014 4:31am
Quoting Eur Usd
{quote} that's just a higher level of greed
No , it was supposed to be 1.8190.That was an error on my trade execution
  • #1,925
  • Jan 14, 2014 4:33am Jan 14, 2014 4:33am
Quoting tafadzwa02
{quote} No , it was supposed to be 1.8190.That was an error on my trade execution
NO, NO, NO
definitely greed
On my way to financial independence - if others can do it - I can do it
  • #1,926
  • Edited 1:35pm Jan 14, 2014 1:22pm | Edited 1:35pm
This is what is called a very rude awakening.I have never had so many consecutive losses .My system was never designed for such scenarios .From next week ., I will factor in such and this will mean drastic changes to my risk .I will be risking about 1.5% risk per trade it seems .You always think you have seen it all , you haven't until in happens
The funny thing is all my buddies here and everywhere have been warning me about my risk % , I have taken note and am heeding advice.The thing is I had not seen anything like this before, 7 genuine continuous losses on my system , unbelievable
  • #1,927
  • Jan 14, 2014 2:05pm Jan 14, 2014 2:05pm
9 consecutive GENUINE losses , eish
  • #1,928
  • Jan 14, 2014 2:53pm Jan 14, 2014 2:53pm
Quoting tafadzwa02
9 consecutive GENUINE losses , eish
I was going to write something, I was half way thru post, and then I just deleted it all. I told you all I think about your trading, and I told it over and over again, many times, but you never listened.
If you won't stop trading now, by tomorrow this time you will be below 2k, due to bad decisions and revenge. can you afford it?
take a rest, long rest. and when depression will be gone think what you did wrong.
All the best mate, and keep your head up high
On my way to financial independence - if others can do it - I can do it
  • #1,929
  • Jan 14, 2014 3:30pm Jan 14, 2014 3:30pm
SMALLER position size until you get it figured out. Less stress & more trades to work out your system.
Good luck!
  • #1,930
  • Jan 14, 2014 9:42pm Jan 14, 2014 9:42pm
Even after you figure it out, small position size is a better risk management.
Fear prevent possibilities, and so does Greed
  • #1,931
  • Jan 15, 2014 12:07am Jan 15, 2014 12:07am

BLACK TUESDAY (14 JANUARY 2014)

LOST 22% OF MY ACCOUNT (9 consecutive GENUINE losses )

  • #1,932
  • Jan 16, 2014 12:03am Jan 16, 2014 12:03am
Quoting Eur Usd
{quote} It was only a test with 10 quid and I lost only 3, so no reason for your triumph. I moved rest to my proper account with proper trading method. Btw I got 2,8% profit today, it's more than you have earned within over a year lol Btw: http://www.xm.com/contests
If you had left your position for 2 more days you would be in profit now on EURAUD.lol
  • #1,933
  • Jan 16, 2014 12:29am Jan 16, 2014 12:29am
Quoting tafadzwa02
{quote} If you had left your position for 2 more days you would be in profit now on EURAUD.lol
But, who would have known that
Fear prevent possibilities, and so does Greed
  • #1,934
  • Jan 16, 2014 1:24am Jan 16, 2014 1:24am
Quoting tafadzwa02
{quote} If you had left your position for 2 more days you would be in profit now on EURAUD.lol
marigin close
next time I will spend 10 quid on Euromillions
On my way to financial independence - if others can do it - I can do it
  • #1,935
  • Jan 17, 2014 8:16am Jan 17, 2014 8:16am
that's not trading, that's gambling
Attached Image
On my way to financial independence - if others can do it - I can do it
  • #1,936
  • Jan 17, 2014 9:17am Jan 17, 2014 9:17am
Quoting Eur Usd
that's not trading, that's gambling {image}
Excelent posts EUR USD. Im a big fan of Dr Van Tharp to quote him " you dont trade the market you trade your beliefs." The genius also says you should never trade if you are not !00%. On the vVan Tharp web site there is a littel test called the happiness test, a good routinve would be to take that test every week. There is also something called social trading, you can look at different traders track records their hit rates daily profit etc. there are lots of good resources and helpful advice but it you can take good advice have no patience dont follow a system that you have tested just do the lottery.
  • #1,937
  • Edited 10:10am Jan 17, 2014 9:59am | Edited 10:10am
Quoting tafadzwa02
BLACK TUESDAY (14 JANUARY 2014) LOST 22% OF MY ACCOUNT (9 consecutive GENUINE losses )
GREEN FRIDAY today ..huh ?

it is clear now...you will never stick to your plan.
told you last week too....why bother to post that spreadsheet (2.7lots according to your spreadsheet, and you place 16 lots instead) when you dont follow it ?

congrats for today...but, and this is a big BUT, future doesnt look very good
i would preffer you to win 3-4 trade after that big losing day, but to stick to you plan, but you didnt...you just gambled - today was good, next day...never know
  • #1,938
  • Jan 17, 2014 10:04am Jan 17, 2014 10:04am
Quoting bradu
{quote} GREEN FRIDAY today ..huh ? it is clear now...you will never stick to your plan. told you last week too....why bother to post that spreadsheet when you dont follow it ? congrats for today...but, and this is a big BUT, future doesnt look very good i would preffer you to win 3-4 trade after that big losing day, but to stick to you plan, but you didnt...you just gambled - today was good, next day...never know
exactly - congrats as I bey you're happy to gain that much in a day, but today you just proved you can't trade. you can gamble. your system, your mm, your position sizing - it all sucks
On my way to financial independence - if others can do it - I can do it
  • #1,939
  • Jan 17, 2014 1:53pm Jan 17, 2014 1:53pm
This may be tempting if not controlled. Get out of these Rat race and Keep your head up, you might not get lucky next time
  • #1,940
  • Jan 17, 2014 3:20pm Jan 17, 2014 3:20pm
Quoting Eur Usd
that's not trading, that's gambling {image}
Quoting bradu
{quote} GREEN FRIDAY today ..huh ? Smile it is clear now...you will never stick to your plan. told you last week too....why bother to post that spreadsheet (2.7lots according to your spreadsheet, and you place 16 lots instead) when you dont follow it ? congrats for today...but, and this is a big BUT, future doesnt look very good i would preffer you to win 3-4 trade after that big losing day, but to stick to you plan, but you didnt...you just gambled - today was good, next day...never know
Quoting macsoj
This may be tempting if not controlled. Get out of these Rat race and Keep your head up, you might not get lucky next time
I don't understand why all of a sudden its not trading.When I had 9 continuous losses of 2.5% per trade you said it was trading ?
Its not trading because I went in with £10 and £6 per pip in my respective trades ?
I posted this message on 30 September 2013 with an attachment , which I will attach again in this post.When I say I am on 2.5% risk (£2.74 per pip * 30 pips stop loss) it will always be that way .To explain it simpler , if its 40 pips stop , you go in with £2.06 , if its 50 pips = £1.64 , if its 8 pips like in my case with EURUSD today then its £10.
Whats the big deal , as long as the stop remains (£2.74 per pip * 30 pips stop loss) its OK

For your information , I keep a record with all my mistakes and I am honest to myself .The last time I lost my nerves and made a gamble was the 19th of November 2013 and I have it on record for my own personal development .So instead of all these warnings , I expect some congrats for a good green Friday where I have gained 58% in one day

Either way ,from next week , I will factor into my system what happened this week where i had 9 consecutive losses and this will mean drastic changes to my risk .I will be risking about 1.5% risk per trade and other changes will be made as well , will see after I have done my analysis

I have attached the spread sheet for my calculation of risk
Attached File(s)
File Type: xls Risk Calculation.xls   23 KB | 198 downloads
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