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  • #881
  • Jan 20, 2015 9:18am Jan 20, 2015 9:18am
Spot on B. Great advice as per usual. :-)
  • #882
  • Jan 20, 2015 11:55am Jan 20, 2015 11:55am
Quoting bassramy
{quote} Opportunity cost my Friend, its very simple if you are making between 50 - 70K per year in your current job, don't you ever quit and go all in Forex just trade the long term part time account to grow it more than 100K and even then stick to your Job and don't trade The Markets full time, why you ask, Read this to see why and How to do it " Why managing your own money is a bad trade ". Unless you work in an Investment Firm, Hedge Fund or a Bank...
Exactly, opportunity costs.

But... :
1. although my job pays well, it's risky. I can lose it fast.
2. I'm no dreaming of anything more than 15-30% return on awerage
3. I need 20+k a year. I've done all the investments I need, I just need to cover my living costs
4. I'm totally aware, this requires 100k account. Not there with my current trading accounts, but If I'd decide to do so, I can make it happen
5. If or when I decide or have to decide this, all above points will be taken into account

Why I haven't done it already? Well... exactly because of what you've written or is stated in the article. So, I'm on a track, but milking the job while it lasts. Actually, that's also the reason why I've "dissapeared" from forums. With job, family, trading, etc., there's just not enough time.


I see you changed your method a lot. You only use real data now (no re painters whatsoever). I did that also a long time ago. The only difference is, I use strict SL immediately after opening a position and I try to be out as soon as possible, definitely intraday. That way I just don't have to care about Swiss & similar stuff. The only magic is, take only the best of the best setups, with the highest probability. If I observe 2-3 pairs, this can give me plenty of signals every day.

As I said in the past - we seem to be using quite similar technique, only for me min15 is already high time frame. And I've moved to tick and renko also, but that's it. Makes sense if you are trading shorter TFs.


Alternative would be to move to high TFs, but look what happens! For example indices on Swiss bomb deleted days and days of trend on h1/h1, even d1. Only to return back up. Intraday I had no real problem to handle that move. If I could focus, I could even make it a very good trading day.


Well, if you have interest, I can show you what and how I select the signals, but like I said... we seem to be quite aligned except the TF.


BR
  • #883
  • Jan 20, 2015 10:16pm Jan 20, 2015 10:16pm
Quoting bassramy
ARE U KIDDING ME. Swiss National Bank discontinues minimum exchange rate, lowers... EURCHF collapses as SNB gives up on 1.2000 Retail platforms pulling swiss quotes SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate Look @ the spread on these babies. {image} {image} {image}...
pls share latest indicators and templates
thank you
advance
  • #884
  • Jan 21, 2015 2:31am Jan 21, 2015 2:31am
Quoting lorbax
{quote} This is probably what I would see after licking LSD's stamps during a techno music night .... after gallons of alcohol, usually gin&tonic. I actually never used drugs so it's only a supposition and I must say that your charts are quite confusing to me, but as long as they work for you ... ENJOY https://www.youtube.com/watch?v=ED84l1-IdOA
Dear Sir,

Thank you for your opinion that nobody asked for, if you have something constructive to share please feel free to contribute, anything else keep it for urself .

Thank you.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #885
  • Jan 21, 2015 2:36am Jan 21, 2015 2:36am
Quoting tp0440
{quote} Exactly, opportunity costs. But... : 1. although my job pays well, it's risky. I can lose it fast. 2. I'm no dreaming of anything more than 15-30% return on awerage 3. I need 20+k a year. I've done all the investments I need, I just need to cover my living costs 4. I'm totally aware, this requires 100k account. Not there with my current trading accounts, but If I'd decide to do so, I can make it happen 5. If or when I decide or have to decide this, all above points will be taken into account Why I haven't done it already? Well... exactly...
Well my Dear Friend good luck in anything u do and if there anything i can do to help u know that i'm here for you like in the past.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #886
  • Jan 21, 2015 2:39am Jan 21, 2015 2:39am
Quoting rkkgs
{quote} pls share latest indicators and templates thank you advance
For 1000 time Please read the First Post in my thread First.

With Respect,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #887
  • Jan 21, 2015 3:16am Jan 21, 2015 3:16am
Trend Following Wizards close 2014 on a High

January 16th, 2015 ·

Collectively, the Wizards added another good month to an already very good 2014 (the come-back year for trend following). A near-100% of positive results for the year, with an average just shy of +25% and a handful of strong performers.
Average return for December: +3.56%

These are the Biggest Hedge Funds Results for the Month and the Year.

Winton Capital : $26.800 Million under Management = 14.79% Yearly Profit = $3.963 Million Imagine the Bonuses In the End of the Year.
Attached Image (click to enlarge)
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Master Your Setup, Master Your self. (NQoos)
  • #888
  • Jan 21, 2015 4:17am Jan 21, 2015 4:17am
SpaceX Shows How Failure Creates Success
January 20, 2015
By Jack Sparrow

So the most recent SpaceX outing was a total failure.
Or a truly inspirational success, depending on how you look at it.
From a media reaction standpoint, the word “fail” dominated:

http://www.mercenarytrader.com/wp-co...spacexfail.png


The landing was certainly a “failure” on its face. (The rocket blew up for pete’s sake. That’s kind of the definition of failure right?)
But as BI points out, SpaceX received excellent new knowledge from this latest test attempt.

They pinpointed the problem that caused the rocket to crash land. And they managed to nearly pull off an amazing feat:
“It is indeed an incredible success that on such an early attempt they were able to get the first stage so close to the intended landing pad, and so close to a successful landing!”
~ Jim Bell, Arizona State University
“No one should underestimate the complexity of this engineering feat even as a hard landing and SpaceX should be applauded for the success that they achieved.”
~ Roger Franzen, technical manager of the Giant Magellan Telescope at the Australian National University’s Mount Stromlo Observatory
The key thing is that SpaceX was instantly back on the horse.

They figured out the hydraulic fluid issue… and celebrated their other technical achievements… and are now preparing to take another shot, with more knowledge and experience than before.
Here is what winners understand, deep down in their gut, that the mediocre masses don’t: Failure paves the road to success.
It makes perfect sense when you think about it.

How do you succeed at any challenging endeavor? How do you “elevate your game” in the presence of complex obstacles? How do you “get from here to there” in mastering any deeply competitive craft?

You evolve. That means learning through a process of trial and error… iterative refinement… and repeated “failure” as part of the growth process.
You tinker and try things… and you come up short in small incremental ways… and then you step up and try, try again.
And if the doubters seem to hold you back, well — you know what Elon would say.
And then finally… with enough grit and determination — and plenty of deep practice — you eventually break through and succeed.

As we have said in the past:

“You develop some ideas, go forth into the market and try some things. Over time, you build up experience this way. (Profitable or unprofitable, it’s still experience.) Then, having accumulated that experience, you step back to examine and theorize. You analyze what happened and why. You think about the strengths and weaknesses of what you just tried. You start to develop a new round of ideas. You get a sense of where the holes are in your capability, where the most profitable areas of exploration might be.”

“Progressing forward as a trader is a matter of filling in knowledge gaps and connecting abstract concepts with vivid memories of real world application. The absolute beginner is so void of experience he has no idea where his gaps even are. At the point of starting out, all trading knowledge is a swirl of hypotheticals. The trick of advancement, then, is to go back and forth between theory and experience, theory and experience, in a regular intertwined dance.”

If that’s a good enough mindset to help SpaceX get to Mars (!!), then it can probably help you out too.

And by the way: If you really want to accelerate your trading path, take a look at this.

p.s. This “Forgotten Market Wizard” booked 41.6% compound returns over thirty years.
Master Your Setup, Master Your self. (NQoos)
  • #889
  • Jan 21, 2015 7:20am Jan 21, 2015 7:20am
Hi, very interesting system) But I do not understand where to take her indicators and template? Or it is not in the public domain?
Attached Image (click to enlarge)
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  • #890
  • Jan 21, 2015 9:25am Jan 21, 2015 9:25am
Another surprise from the BOC .

Bank of Canada lowers overnight rate target to 3/4 per cent
Bank of Canada makes shock rate cut due to oil, slashes forecast

And the reaction on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 124 KB
Master Your Setup, Master Your self. (NQoos)
  • #891
  • Jan 21, 2015 9:27am Jan 21, 2015 9:27am
Quoting Arhey
Hi, very interesting system) But I do not understand where to take her indicators and template? Or it is not in the public domain? {image}
Kindly read my First post on the first page of the thread.

Thank you.
Master Your Setup, Master Your self. (NQoos)
  • #892
  • Jan 21, 2015 6:41pm Jan 21, 2015 6:41pm
Quoting bassramy
{quote} Kindly read my First post on the first page of the thread. Thank you.
It must get frustrating B.

The CAD moves were quite surprising. It skittled one of my positions in EURCAD but has had handsome results in others. Swings and roundabouts I suppose. :-)
  • #893
  • Jan 22, 2015 3:38am Jan 22, 2015 3:38am
Quoting Copernicus
{quote} It must get frustrating B. The CAD moves were quite surprising. It skittled one of my positions in EURCAD but has had handsome results in others. Swings and roundabouts I suppose. :-)
Positively surprising, not a bad move WTT (With the trend).

I decided not to post charts with my open positions anymore because of the annoyance that i'm getting, the newbies think that its because of this template and Indicators that i've being profitable they don't know yet that it have nothing to do with these, they don't know that the key is psychological, Patience, discipline, experience + risk and money management.

Even if you own the Best and most expensive car in the world, if you don't know how to drive it, its useless.
Richard dennis once said :
“I don’t think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.”

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #894
  • Jan 22, 2015 3:43am Jan 22, 2015 3:43am
Quoting bassramy
{quote} Positively surprising, not a bad move WTT (With the trend). I decided not to post charts with my open positions anymore because of the annoyance that i'm getting, the newbies think that its because of this template and Indicators that i've being profitable they don't know yet that it have nothing to do with these, they don't know that the key is only psychological, Patience, discipline, experience + risk and money management. Even if you own the Best and most expensive car in the world, if you don't know how to drive it, its useless. Richard...
Too true B. I suppose it's natural to get attached to a particular trading methodology but with respect to just trend trading alone, most of the approaches I see on this forum are excellent. I would bet you a buck that if I tried say your or Fartists or Gravitons approach, but diversified to the same extent as mine and was as miserly with the risk management, that they all would probably outperform mine.

I have had to make sacrifices with entry conditions and some important aspects of trend trading to allow for trade managing a diversified bundle....which as you an I know is actually one of the key weapons for consistent returns. Once you can isolate the 'success factors' then you can enhance the power of a large number of varied approaches. Too much focus on a particular technique can make you vulnerable to altering market conditions. This problem is continually faced with EA developers. It really is no different with respect to manual traders. :-)
  • #895
  • Jan 22, 2015 4:04am Jan 22, 2015 4:04am
If you are in some Ski country like me you will enjoy this, including one of our girls, JACKIE CHAMOUN.

Ski-bunnies

http://www.insidehook.com/ski-bunnies
Master Your Setup, Master Your self. (NQoos)
  • #896
  • Jan 22, 2015 4:53am Jan 22, 2015 4:53am
Quoting Copernicus
{quote} Too true B. I suppose it's natural to get attached to a particular trading methodology but with respect to just trend trading alone, most of the approaches I see on this forum are excellent. I would bet you a buck that if I tried say your or Fartists or Gravitons approach, but diversified to the same extent as mine and was as miserly with the risk management, that they all would probably outperform mine. I have had to make sacrifices with entry conditions and some important aspects of trend trading to allow for trade managing a diversified...
Your Excel file is thorough, i always feel like if one can stick to his developed trading system or strategy, in time and like everything else in life he will master it thus my signature line " Master Your Setup, Master Your self."

​Again, patience for all your rules to align and discipline to stick to your strategy and rules and not alter them are one of the most important traits of successful traders and its pretty logical and make sense not only in trading but in life itself also, as they say Jack of all trades, master of none - Wikipedia, the free ... if you keep jumping from one strategy to another you will get nowhere of course in one condition that your strategy is validated through back and forward testing.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #897
  • Jan 22, 2015 5:01am Jan 22, 2015 5:01am
Good points to ponder B :-)
  • #898
  • Jan 22, 2015 5:57am Jan 22, 2015 5:57am
Quoting bassramy
{quote} Kindly read my First post on the first page of the thread. Thank you.
Oh, read it. You know, there is such a thing. I you have seen in the screenshot - an indicator of the price channel (it you inside the zone is divided into 2 different colors), I had long been looking for. And I do not know the name. You do not tell me the name of this indicator, if you do not complicate it. Thank U.
  • #899
  • Jan 22, 2015 10:05am Jan 22, 2015 10:05am
Quoting Arhey
{quote} Oh, read it. You know, there is such a thing. I you have seen in the screenshot - an indicator of the price channel (it you inside the zone is divided into 2 different colors), I had long been looking for. And I do not know the name. You do not tell me the name of this indicator, if you do not complicate it. Thank U.
Mate, google the Donchian channel but u can't find a channel like mine its coded by me, u can see my property signature on every snapshot of my charts on the upper Left corner.

Best,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #900
  • Jan 22, 2015 5:14pm Jan 22, 2015 5:14pm
Quoting bassramy
{quote} Well my Dear Friend good luck in anything u do and if there anything i can do to help u know that i'm here for you like in the past. Best, B.R.

Thanks.


For now it's simple - milk the job as long as I can and try to maintain my trading knowledge.

Should probably visit your thread more often. Good wealth of knowledge here. And move to higher TFs also. All in due time I guess.


BR

Quoting bassramy
{quote} For 1000 time Please read the First Post in my thread First. With Respect, B.R.
You do have A LOT of patience...


BR
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