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  • #891,101
  • Apr 18, 2014 10:54am Apr 18, 2014 10:54am
Quoting ffleo
{quote} You do martingale? I do not. martingale is destined to fail. and there is no such thing as authority on martingale. an authority to fail? alright, 20 pips to an M1 chart is the same thing as 100 pips to a weekly chart. what about position size?

Re-read your questions.

They are simply testament to the fact that you don't know what you are talking about.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,102
  • Apr 18, 2014 10:56am Apr 18, 2014 10:56am
Where do we go from here?
EURO/USD 1,3816.Will the ECB just sit and wait looking the euro to rise? I think they will react
  • #891,103
  • Apr 18, 2014 11:09am Apr 18, 2014 11:09am
Quoting ffleo
The only contribution I make and leave inside this country is the poop and pee that I dump every day.

Quite notable about your "Contributions" here as well...

Whoooooooooosh!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,104
  • Apr 18, 2014 11:14am Apr 18, 2014 11:14am
Quoting ffleo
{quote} You do martingale? I do not. martingale is destined to fail. and there is no such thing as authority on martingale. an authority to fail? alright, 20 pips to an M1 chart is the same thing as 100 pips to a weekly chart. what about position size?
Ahh Martingale, brings back memories and a tear to the eye. I remember it was summer 09 (Aus) late November and I decided I knew enough about this trading game so I opened a live 1K account to test the waters. PA had been up for 40 odd weeks and my demo and micro accounts had been doing fine with the no SL orders I was using. About the 3rd trade in and PA started to move down. It played with my order for a few days (even reaching B.E.) but then, candle after candle it went lower and lower.... well the rest is history.

Imo the only way a martingale could work long term is if you regularly withdraw funds from your account or have a mega account size to start with. There is a black swan lurking in every shadow, beware the bite .
As the lights go by so too do the shadows move
  • #891,105
  • Apr 18, 2014 11:15am Apr 18, 2014 11:15am
Quoting MarianneOslo
Where do we go from here? EURO/USD 1,3816.Will the ECB just sit and wait looking the euro to rise? I think they will react
I think there are a couple of things to consider, only looking at the last 2 weeks and it really boils down to the sessions.

Start of the Week, TK was selling off, while London brought it to topside last week.

TK bough back the range that they sold off, so that London/US Could clear the books and sell on the same range.

The only thing left is to retrace back to the previously resisted range and close test this area for support.

The books are closed above current...they really don't need to ever come back to this area.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,106
  • Apr 18, 2014 11:20am Apr 18, 2014 11:20am
Howzit EU

Howz the battlefield boys?

The last movement of significance here was a reversal so powerful its left a window - open
Northern doji star sets resistance @1.3866
Support @1.38050 looks set to fail.

The reversal pattern sets a lower high and I think the next few weeks will be interesting to see if we are seeing the trend reverse or not, in the short term sellers are in control but will they break support soon?, I think so

No clear technical pattern and indecision seems to rule, it would seem any positions open before the range breaks would tend to be low probability for the position and longer term traders.

Trade safe have great weekend
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  • #891,107
  • Apr 18, 2014 11:21am Apr 18, 2014 11:21am
Quoting Matts Micro
{quote} Ahh Martingale, brings back memories and a tear to the eye. I remember it was summer 09 (Aus) late November and I decided I knew enough about this trading game so I opened a live 1K account to test the waters. PA had been up for 40 odd weeks and my demo and micro accounts had been doing fine with the no SL orders I was using. About the 3rd trade in and PA started to move down. It played with my order for a few days (even reaching B.E.) but then, candle after candle it went lower and lower.... well the rest is history. Imo the only way a...
Through the use of a select Trigger on Grid Martingale style automated trading, I have had several members of a trade group double their accounts.

Some of these are in the Hundreds, a couple have started in the low thousands and as high as 10k.

Real Money.

Most I have seen with the software we work with, is a 3 fold on $10k gains in a 1 year period.

Most people don't have a solid enough plan to trade, never mind compound the size of losses by adding to the misery.

Just because you couldn't do it, doesn't mean it cannot be done.

I again, bring forth a single account. With a $300 start that adds positions based on a trigger. The lot size start is .01 and moves up.

Look at it and tell me that it cannot be done.

Ironically, it trades on 3 AUD crosses...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,108
  • Apr 18, 2014 11:37am Apr 18, 2014 11:37am
Quoting Magix
{quote} Through the use of a select Trigger on Grid Martingale style automated trading, I have had several members of a trade group double their accounts. Some of these are in the Hundreds, a couple have started in the low thousands and as high as 10k. Real Money. Most I have seen with the software we work with, is a 3 fold on $10k gains in a 1 year period. Most people don't have a solid enough plan to trade, never mind compound the size of losses by adding to the misery. Just because you couldn't do it, doesn't mean it cannot be done. I again,...
ok, do you have a hard stop when the position size and loss grow to very large compared to your account size? what do you do when price retraces to your BE point? do you reduce position size or keep it running the same position size?

martingale at 1.5x for each position adding leads to position size grow exponentially. It is quite different from fixed position size adding which grow position size linearly.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #891,109
  • Apr 18, 2014 11:40am Apr 18, 2014 11:40am
Quoting Magix
{quote} Through the use of a select Trigger on Grid Martingale style automated trading, I have had several members of a trade group double their accounts. Some of these are in the Hundreds, a couple have started in the low thousands and as high as 10k. Real Money. Most I have seen with the software we work with, is a 3 fold on $10k gains in a 1 year period. Most people don't have a solid enough plan to trade, never mind compound the size of losses by adding to the misery. Just because you couldn't do it, doesn't mean it cannot be done. I again,...

Yes and I forgot to mention hedging too. I have no doubt with an exact strategy as with almost any out there is could be profitable. I could see how AU and EA could be possibly used in a strategy. It was more of a general statement for us mere mortals. Anyone who knows the exact science and isn't afraid of blowing a few accounts to learn it probably ins't bothered to take heed of my newb ramblings anyway (that's slightly slurred with fridays night bottle of red) .
As the lights go by so too do the shadows move
  • #891,110
  • Apr 18, 2014 11:45am Apr 18, 2014 11:45am
Quoting Matts Micro
{quote} Yes and I forgot to mention hedging too. I have no doubt with an exact strategy as with almost any out there is could be profitable. I could see how AU and EA could be possibly used in a strategy. It was more of a general statement for us mere mortals. Anyone who knows the exact science and isn't afraid of blowing a few accounts to learn it probably ins't bothered to take heed of my newb ramblings anyway (that's slightly slurred with fridays night bottle of red) .
martingale simply does not work. when black swan event comes just wait for account to be wiped out. Two years ago I did linear adding with moderate size adding, my 3x gain made in 6 months got wiped out in a week. Now I only use small size adding, and stop adding when position size reach certain limit.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #891,111
  • Apr 18, 2014 11:46am Apr 18, 2014 11:46am
Quoting Matts Micro
(that's slightly slurred with fridays night bottle of red) .
Go into your weekend with a Glow, brother!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,112
  • Apr 18, 2014 11:48am Apr 18, 2014 11:48am
Quoting Vachus
I'm smelling a potential Sterling selling campaign ...
Elaborate please
In trading, you have to be defensive and aggressive at the same time
  • #891,113
  • Apr 18, 2014 11:48am Apr 18, 2014 11:48am
Quoting ffleo
{quote} martingale simply does not work. when black swan event comes just wait for account to be wiped out. Two years ago I did linear adding with moderate size adding, my 3x gain made in 6 months got wiped out in a week. Now I only use small size adding, and stop adding when position size reach certain limit.

You simply cannot make a martingale work.

This is a very specific problem, to YOU...

You are drawing generalities on skewed information. Because you don't know your ass from a hole in the ground, it is leading you to believe in absolutes.

Sit in the closet with the lights turned out and tell me why you cannot see the sunlight.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,114
  • Apr 18, 2014 11:49am Apr 18, 2014 11:49am
Quoting Venice
{quote} You can always tell the real traders from those that are not. The real ones have humility, and know nothing is ever for sure. The language used is always very "if this then that, or otherwise... ". It's never definite. It's possible to be confident while accepting the market for what it is.
+1
In trading, you have to be defensive and aggressive at the same time
  • #891,115
  • Apr 18, 2014 11:52am Apr 18, 2014 11:52am
Quoting Magix
{quote} You simply cannot make a martingale work. This is a very specific problem, to YOU... You are drawing generalities on skewed information. Because you don't know your ass from a hole in the ground, it is leading you to believe in absolutes. Sit in the closet with the lights turned out and tell me why you cannot see the sunlight.
tell me who in the real word trading real account in the end did not blow their account by martingale?

you nut-balls see too much light so you come here to spit nonsense?

do you know what is the difference between exponential and linear?

if you have no sound math background and logic, you better shut up.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #891,116
  • Apr 18, 2014 11:55am Apr 18, 2014 11:55am
Quoting ffleo
{quote} ok, do you have a hard stop when the position size and loss grow to very large compared to your account size? what do you do when price retraces to your BE point? do you reduce position size or keep it running the same position size? martingale at 1.5x for each position adding leads to position size grow exponentially. It is quite different from fixed position size adding which grow position size linearly.
I employ a few different profit strategies all based on the triggering logic of the EA and all based on ranges created on an M1 time frame and some filtered through the longer timeframes.

Trigger on Exit - forces a profit greater than zero, but will exit on a counter trigger.
Static Profit - will add positions until a static profit point is reached.
True Trigger Dynamics - will exit on a counter trigger whether the trade is in profit or not.

Working with Market ranges and various Oscillators we know that peaks and valleys range by the trend. When the trend changes, these adjust to the other side. Allowing something to trade universally, long when it sees long, short when it sees short adding positions until it sees a counter allows for typically more wins than losses.

During exceptional market movements, there will still be long and short signals...they just don't always allow exits in prosperity.

Taking a static loss is guessing the market as much as your dogshit idea of adding at a static generic number.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,117
  • Apr 18, 2014 11:58am Apr 18, 2014 11:58am
Quoting Magix
{quote} I employ a few different profit strategies all based on the triggering logic of the EA and all based on ranges created on an M1 time frame and some filtered through the longer timeframes. Trigger on Exit - forces a profit greater than zero, but will exit on a counter trigger. Static Profit - will add positions until a static profit point is reached. True Trigger Dynamics - will exit on a counter trigger whether the trade is in profit or not. Working with Market ranges and various Oscillators we know that peaks and valleys range by the trend....
you still did not answer what you do when position grow very large and what you do when price get to BE point. and furthermore, what if price does not go to your BE?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #891,118
  • Apr 18, 2014 12:00pm Apr 18, 2014 12:00pm
Quoting ffleo
{quote} tell me who in the real word trading real account in the end did not blow their account by martingale?
You will have to ask them yourself.

Quoting ffleo
you nut-balls see too much light so you come here to spit nonsense?
I have the information and data to back me up. You are the one talking bullshit.

Quoting ffleo
if you have no sound math background and logic, you better shut up.
This has no relevance to the conversation. What I understand mathematically isn't the foundation for my market strategies. They are based on Market Movements and reasonable ranges.

You are guessing...effectively tossing a coin to take trades based on bullshit logic.

Talking tough doesn't make you look smart, especially when you cannot provide a single shred of evidence that what you say has any relevance to the conversation or to trading in general.

Basically, you are being defensive because I slapped you around with your stupidity again.

I am not the one that makes you look like an ass. It is your every subsequent post that does this.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,119
  • Apr 18, 2014 12:01pm Apr 18, 2014 12:01pm
Quoting ffleo
{quote} you still did not answer what you do when position grow very large and what you do when price get to BE point. and furthermore, what if price does not go to your BE?
Depends on the logic being used.

I've explained this.

Some will take a loss, some will wait for an exit based on an above zero close and counter trigger, while others close on a static position.

Read what I wrote instead of just frantically hitting your keyboard.

If you want information, at least gain a sense of appreciation for when it is provided.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #891,120
  • Apr 18, 2014 12:02pm Apr 18, 2014 12:02pm
I am a big fan of modified "Martingale"
Trick is your SL should be predetermined in $$ not pips
Example $500 to short NU at 87
Fundamentally we know its historical high since 2011 so we short aggressively with confidence
$500 with .50 lot gives you 1000pips
Take 1000pips and add to your "losing" position as you see fit but try using bigger lot on higher up!
Martigale part is using your best lots on top smallest at bottom.
If your smallest happened to be top then you add more to winning position by moving SL from winning position to BE thus you have another .50lot to invest.
Jessy Livermore did compound this way.

I did exact thing twice on recent NU shorts up 14% in April up 40% since Jan
What pisses me off when idiots tell me "you can't add to losing position" without understanding broader context how I trade
Mentality is coming from so called trading books and so called trading coaches who keep saying "don't add to losers" or "Losers average losers"
This is BS knowing how price moves almost 90% of times those "losers" are profitable trades.
Fact is 70% forex is in a range.By trading pairs that often go in a range is key to my strategy.I don't trade any Yen pairs period no exceptions.
In trading, you have to be defensive and aggressive at the same time
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