Trading like a Pro

Also this week i will try quicker trades, based on the bigger fundamental picture of course, but traded as a momentum/sentiment shift in the technical aspect.

So i would probably not make that much returns,because i`m in and out at the smallest divergence, but this also diminishes the DD to the actual 3-4% risk /trade, so no need for more DD than needed, if the returns can be still steady and stable.

Besides with today's achievement about 2-3%, thats weekly 12.5 or monthly 50% or more, which is interesting

And its without excessive risk, keep in mind, that i see many TE in the TRADES section, but the top 10 has a so crappy risk management model that i bet they would wipe out their account soon.One thing is to make gigantic returns with huge risk, and one thing is to make gigantic returns with small risk.I think you see the difference

Pretty proud of myself for now, i could make a good % today, which was a very low volatility day, and almost recovered from Friday's loss.So we are on a good path.

I`m excited on tomorrow's AUD interest rate stuff, it might move the markets, and thats where we will make the big pips, consider today's gains as an appetizer for tomorrow's big pips.

What a waste, i missed these spikes on all pairs:



Well there is a cost of being precise, i didnt left trades for the overnight because i saw that volatility will rise.

However look at the bright side, what if that spike went against us

Its a double sided coin

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Well now time to place todays trades...

I will not place USD yet because there is a manufacture news just ahead, we will trade the aftermath.

I`m aware of today's DD, we have -4.5% DD at the moment, but it will change.The next set of trades should be a winner, regardless of the PMI report.

Yep, just as i said in previous post, we hit it

NZD is sinking like the shit in the toilet...

NZD still sinking, somebody is "flushing it down the toilet".

Unfortunately NZD/USD TP got hit , so i entered again, as i`m confident it will reach the lower support of 0.84

Stops are trailed, and added new positions.

Mainly focusing on USD buy because the PMI came out good, will put a bullish sentiment on the USD.

NZD pairs will be held with tigh stoploss, because there is an event for the NZD later this day, and i dont know its outcome, if it comes out bullish then the price will probably suddenly reverse, if not then it will go down lower on NZD pairs.

Anyway i will have a tigh SL and if we get stopped out we enter again after the news in the direction of the news of course

Just a little info for you guys, this is the reason why the NZD is falling across the board:

http://www.forexfactory.com/news.php?do=news&id=497911

There is a slight deflation in NZD, so RBNZ could cut rates in the future, which might add also negative sentiment to it.After all it has a too big yield which NZ's economy cant support.

Closed today with an amazing 3.7% return of equity/balance , and a DD of -1.1% of equity, which is very nice.I will keep the current trades on a little bit more then close it.

Good morning fellows, its time to make demo money

Looks like yesterday's EUR/JPY was a good idea to let it overnight.Lets see what we do today:

We wait until trade balance and then we see.

Our priority is to buy USD agains weaker pairs like EUR (german factory bearish,italian GDP bearish, + last week deflation bearish), as the USD is still strong, but not as strong as last week, so our TP is smaller.

And probably also selling GBP as this week has some negative sentiment in parallel with bad news ( manufacture+ industry bearish)

So mainly GBPUSD and EURUSD shorts are out priority today

Another bear in the pocket

GBP NIESR GDP Estimate 0.6% vs last time 0.8%, so UK's GDP and economy is also shrinking

Hmm looks like i can make about 3-4%/day with this kind of approach, well done

Ok i put on more trades, so trade the USD sentiment weakness.

Its funny tho, this news:

15:30 USD Crude Oil Inventories -1.8M-1.1M-3.7M

was marked as a medium impact news, however it had a really negative sentiment on the USD, as the crude oil is an essential part of any country's economy.

Well then SELL USD, until the negative sentiment dissapears.The long term fundamentals are still bullish.

Yup i fucked up again, lost almost all weeks profits, looks like i have to quantify my system better, because the rules were so vague and not properly backtested.

Fundamental analys is not enough if its used alone, i must use my quant skills to build a better system.

Tomorrow i`ll be back with a better one

3RD WEEK RESULTS:

1. +2.2% EQUITY GROWTH (4.8% BALANCE GROWTH)
2. 58.6% WINRATE (to equity)
3. -8.8% DRAWDOWN (to equity)
4. Net pips gained = 163 (to equity)

Ahh fuck it, this is a bullshit system, time to ditch it, no matter how up we go on the equity curve, it eventually falls down.

Hard to find a working system nowadays,that really, truly makes profit, going back to research.

I just so fuking sick of the fact that 3 weeks of my hard work is not worth even a piece of crap.

Fuck system switching, but really there is no other way, so many bullshit systems and not much profitable ones...

Never back down !

Thanks man, lucky that it was only demo, but i`m still sick of it as i wasted so much time on that fuking system and it seems like its a BS system afterall.I guess i need to take a little break from trading as i`m tired of it , but i wont give up, i never do

Ok Christmas is over and Business is Business, time to take care of the nasty market.I`m back and feeling ready to trade... I just made another account, its a demo, i dont know why it says live, but whatever.This time i did research on some country's economies and it looks like my following pairs will be the best ones to trade at the moment.

I`m also using technicals, but now all decisions are based 80% on fundamental factors, no more crappy indicators, maybe some pivot points but thats all.

Total risk/ trade will be around 4-6% while the return i`m looking for is about 30-40%/ trade.I will be a swing trading method, a weekly trade or maybe smaller but we shall see how the fundamentals align, if it does, which i hope so, i will add to the positions.

Return i`m looking for is about +200 to +300% /month , all new features will be on page 1/post 1, now lets get started!

No more shitty 2-3%/ month slow gain system, now we go cowboy, and yet our risk will be small aswell, we will only ride volatility and still keep a safe DD to our equity, just like Gekko would do.Insane profits, and minute risk, just like a real trader