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  • #890,981
  • Apr 17, 2014 3:29pm Apr 17, 2014 3:29pm
Quoting milam
{quote} back in @ 0.8608, risking 46 pips (5%)
Reason of entry: BOPB (breakout pullback), green line entry, red line Protective Stop
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Wherever you go, there you are.
  • #890,982
  • Apr 17, 2014 3:35pm Apr 17, 2014 3:35pm
Quoting Davit
This is for Ruff and company. You mentioned I had 40% DD and rest of your mindless posts.Here is my April chart notice the Equity curve and notice % of DD 8 losses were minor as it reflects on chart curve. Want to get this out of my chest as well for those who are Trend trading types always scorn counter traders.All my trades without exceptions are counter trades going against main trends.Notice I have zero longs...This is by choice and it can be profitable if you know what you are doing... {image}
Nicely done Davit
Ghost Rider - WWTBMD?
  • #890,983
  • Apr 17, 2014 3:36pm Apr 17, 2014 3:36pm
Quoting ruffryders
{quote} Davit, you don't have to post this, really. I don't have any beef with you nor plans to run for a place in popularity contest. In fact I don't have plans to post much here at FF besides weekly posts in my own thread. If you are making money consistently in FX on a decent scale, well done, I respect that and best of luck with the future trades. On NU shorts if you plan to hold for a while, you might consider that 8480-8560 is key zone, if price enters from above and doesn't break it, there is a high probability...
Thank you for your indicator. 100% success rate as I went opposite.
Thank you for calling me a moron as well.
0.95 1.40 1.70 . Go to hell with those numbers. Better shot yourself in the head "real trader"
  • #890,984
  • Apr 17, 2014 3:37pm Apr 17, 2014 3:37pm
Quoting thole91
{quote} Thank you for your indicator. 100% success rate as I went opposite. Thank you for calling me a moron as well. 0.95 1.40 1.70 . Go to hell with those numbers. Better shot yourself in the head "real trader"
+1
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #890,985
  • Apr 17, 2014 3:47pm Apr 17, 2014 3:47pm
Quoting pedro319
Looking to short USDCAD Risk: High (price action quite strong) Reason: 38% Ret after plunge down Daily chart. Stops can be 20/ 30 pips from this area. Look for some rejection. Good Luck {image}
Second chance to join the wagon...
We watch the charts from every angle so you don't have to!!
  • #890,986
  • Apr 17, 2014 4:29pm Apr 17, 2014 4:29pm
H+S worked out. Sch-weeeet.
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  • #890,987
  • Apr 17, 2014 5:28pm Apr 17, 2014 5:28pm
gu short 6792 risking 46 pips
Wherever you go, there you are.
  • #890,988
  • Apr 17, 2014 5:41pm Apr 17, 2014 5:41pm
Quoting ruffryders
{quote} Davit, you don't have to post this, really. I don't have any beef with you nor plans to run for a place in popularity contest. In fact I don't have plans to post much here at FF besides weekly posts in my own thread. If you are making money consistently in FX on a decent scale, well done, I respect that and best of luck with the future trades. On NU shorts if you plan to hold for a while, you might consider that 8480-8560 is key zone, if price enters from above and doesn't break it, there is a high probability of reversal, so if I was you...

Looks like it only took having your ass handed to you in every thread to finally start to come around.

Nicely Done!

I think I had to get suspended a fist full of times before I did...And shit, I still do!


Anywhoooooooooo....

Appreciating the other side of the coin and learning from others, I believe to be the true spirit of FF. I don't know that you've fully come round, but if ya have...I'll be the first to extend the olive branch.

Welcome aboard, dude!

Sincerely.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,989
  • Apr 17, 2014 6:14pm Apr 17, 2014 6:14pm
CME futures is also closed. Only Japan is not in holiday. market is not going to move.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #890,990
  • Apr 17, 2014 6:16pm Apr 17, 2014 6:16pm
Quoting Davit
This is for Ruff and company. You mentioned I had 40% DD and rest of your mindless posts.Here is my April chart notice the Equity curve and notice % of DD 8 losses were minor as it reflects on chart curve. Want to get this out of my chest as well for those who are Trend trading types always scorn counter traders.All my trades without exceptions are counter trades going against main trends.Notice I have zero longs...This is by choice and it can be profitable if you know what you are doing... {image}
Nice results Davit!

I think the reason some traders tend to pick on your trading is because we've all seen so many "martingale-type" systems that have no discipline so just continue to add to the "losing trade" so they don't have to admit they're wrong. Most see it as someone trading that doesn't really know how to trade or have no fundamental knowledge either so it's an easy system for a uneducated trader/gambler. You've shown you have technical & fundamental reasons for your trading which is different than most scale-in traders. I think you'll be successful with your trading as long as you know when to admit your analysis is wrong & don't throw away several months worth of profits in one bad trade. I tried a similar scale-in system only it was day-trading so at the end of the day I had no open positions. I went 40 days straight with profits everyday but in the end I quit trading the method. Certain days it was difficult to recover from a loss & I knew if price continued against me I would be sitting on a large loss @ the end of the day.

Sorry for the long comment, just hope you have the discipline to know when to pull the plug on a trade & take the loss.
Good luck!
  • #890,991
  • Apr 17, 2014 6:19pm Apr 17, 2014 6:19pm
Quoting srt
{quote} Nice results Davit! I think the reason some traders tend to pick on your trading is because we've all seen so many "martingale-type" systems that have no discipline so just continue to add to the "losing trade" so they don't have to admit they're wrong. Most see it as someone trading that doesn't really know how to trade or have no fundamental knowledge either so it's an easy system for a uneducated trader/gambler. You've shown you have technical & fundamental reasons for your trading which is different than most scale-in traders. I think...
There is a distinct difference between cost averaging, adding a position and martingale adds.

Just thought I'd point that out.

Personally, I am a fan of all of them...but you are correct in that it does require discipline and knowing when to cut bait and swim.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,992
  • Apr 17, 2014 6:23pm Apr 17, 2014 6:23pm
Quoting srt
{quote} Nice results Davit! I think the reason some traders tend to pick on your trading is because we've all seen so many "martingale-type" systems that have no discipline so just continue to add to the "losing trade" so they don't have to admit they're wrong. Most see it as someone trading that doesn't really know how to trade or have no fundamental knowledge either so it's an easy system for a uneducated trader/gambler. You've shown you have technical & fundamental reasons for your trading which is different than most scale-in traders. I think...
calculated and planned scaling-in and out is not martingale. When you scale in and out you have to do it at certain pips distance, not at every 10 or 20 pips. If you add to a position too often and too frequently at small pips step, that is the same as opening a big position in a narrow price range, and any spike will wipe you out. Take a small position and add small at large pip step is the way to go. And when you add, do not double each time. If you really want to put more weight for later adding, do it linearly, not exponentially. Further more, when price retrace to your BE point, reduce your total position size, to be prepared for price going against you again, so you can add again from what has been reduced.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #890,993
  • Apr 17, 2014 6:31pm Apr 17, 2014 6:31pm
Quoting ffleo
{quote} calculated and planned scaling-in and out is not martingale. When you scale in and out you have to do it at certain pips distance, not at every 10 or 20 pips. If you add to a position too often and too frequently at small pips step, that is the same as opening a big position in a narrow price range, and any spike will wipe you out. Take a small position and add small at large pip step is the way to go. And when you add, do not double each time. If you really want to put more weight for later adding, do it linearly, not exponentially.

Systematic triggering with the addition of larger sized lots can be very lucrative.

Just has to be applied under the proper scrutiny.

Timing isn't the only thing in market...

Link

Martingale 1.5x previous position, cost averaging based on TIME and trigger.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,994
  • Apr 17, 2014 6:32pm Apr 17, 2014 6:32pm
Quoting ffleo
{quote} calculated and planned scaling-in and out is not martingale. When you scale in and out you have to do it at certain pips distance, not at every 10 or 20 pips. If you add to a position too often and too frequently at small pips step, that is the same as opening a big position in a narrow price range, and any spike will wipe you out. Take a small position and add small at large pip step is the way to go.
I agree the biggest problem with scaling-in is adding too soon. That's what I found out at times during my day-trading trial. I got too anxious to add at every little swing-point thinking the market would turn in my favor but if it didn't my trade size got too big so adding became more of a problem as the losses started growing at an uncomfortable rate. I think the key to any scale-in trading is knowing how often to add.
  • #890,995
  • Edited 7:53pm Apr 17, 2014 6:37pm | Edited 7:53pm
Quoting ffleo
{quote} calculated and planned scaling-in and out is not martingale. When you scale in and out you have to do it at certain pips distance, not at every 10 or 20 pips. If you add to a position too often and too frequently at small pips step, that is the same as opening a big position in a narrow price range, and any spike will wipe you out. Take a small position and add small at large pip step is the way to go. And when you add, do not double each time. If you really want to put more weight for later adding, do it linearly, not exponentially. Further...
I've been trading nat. gas with a similar method of adding(long-only) every 4% in price decline.
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  • #890,996
  • Apr 17, 2014 6:41pm Apr 17, 2014 6:41pm
Quoting srt
{quote} I agree the biggest problem with scaling-in is adding too soon. That's what I found out at times during my day-trading trial. I got too anxious to add at every little swing-point thinking the market would turn in my favor but if it didn't my trade size got too big so adding became more of a problem as the losses started growing at an uncomfortable rate. I think the key to any scale-in trading is knowing how often to add.
it would be more manageable to add at large pip steps. If you do it day trading on small time frames, you have to set strict point to get out if the market does not go you way or to your BE point. I usually add at 40 - 50 pips step, and sometimes even larger pip steps, so 100 or 200 pips against me wont sweat me that much.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #890,997
  • Apr 17, 2014 6:47pm Apr 17, 2014 6:47pm
Quoting ffleo
{quote} it would be more manageable to add at large pip steps. If you do it day trading on small time frames, you have to set strict point to get out if the market does not go you way or to your BE point. I usually add at 40 - 50 pips step, and sometimes even larger pip steps, so 100 or 200 pips against me wont sweat me that much.
So...

Lemme get this straight...

You've missed a position by 100 pips and you add?
lol

What if it only goes 98 pips? Comes back to your original and reverses again?

If you are this much off enough to create a range, how do you even know when it is time to exit a trade?

How did you figure out your first position? And if you are typically hundreds of pips off, shouldn't you be looking for another way to trade?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #890,998
  • Apr 17, 2014 6:55pm Apr 17, 2014 6:55pm
Quoting Magix
{quote} So... Lemme get this straight... You've missed a position by 100 pips and you add? lol What if it only goes 98 pips? Comes back to your original and reverses again? If you are this much off enough to create a range, how do you even know when it is time to exit a trade? How did you figure out your first position? And if you are typically hundreds of pips off, shouldn't you be looking for another way to trade?
it would not go that far against me in reality. suppose price goes 100 pips from your first position opening, and you add more linearly to your later positions, your average price will be less than 50 pips against you, not the 100 pip where you started. Also you do this not at the beginning of a counter trend, you wait for possible price exhaustion and then start building positions. You only need price to retrace less than half from where you started to get to your BE. At BE point, the key step is to reduce position size to reduce risk, and leave the rest to run. How much to keep to run, depends on PA situations.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #890,999
  • Apr 17, 2014 7:02pm Apr 17, 2014 7:02pm
Quoting ffleo
{quote} it would not go that far against me in reality. suppose price goes 100 pips from your first position opening, and you add more linearly to your later positions, your average price will be less than 50 pips against you, not the 100 pip where you started. Also you do this not at the beginning of a counter trend, you wait for possible price exhaustion and then start building positions. You only need price to retrace less than half from where you started to get to your BE. At BE point, the key step is to reduce position size to reduce risk,...

This is crazy talk and really bad logic that has proven to fail time and time again.

You should sit these conversations out. They do not lend to your knowledge, they make you appear a rank, amateur.

If you take a position 100 pips away from your first position, you are not cost averaged to 50, you are at 100 with 2 losers.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,000
  • Apr 17, 2014 7:03pm Apr 17, 2014 7:03pm
Quoting Magix
{quote} So... Lemme get this straight... You've missed a position by 100 pips and you add? lol What if it only goes 98 pips? Comes back to your original and reverses again? If you are this much off enough to create a range, how do you even know when it is time to exit a trade? How did you figure out your first position? And if you are typically hundreds of pips off, shouldn't you be looking for another way to trade?
If I build a position going for more than 100 pips target, what is the problem to add when price goes 100 pips against me? I mostly trade weekly charts while you trip on the 1-min charts. Different time frames.
ignore wackos and psychos, including myself. But I can't add myself to iggy
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