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And now for something completely different

  • #161
  • Feb 18, 2015 3:56pm Feb 18, 2015 3:56pm
Quoting EternalNewB
-20 pips on gold today +14 pips for the week so far I'm kind of pissed off because I could have easily made money today if I hadn't close the greens so early... Now the big question should I be more "greedy" with the greens or should I wait more before taking any decision EDIT: basic this tells me to just wait {image} Cheers
very nice sir... spectacular win rte just by giving price some time and room...
tradewith60
  • #162
  • Feb 19, 2015 12:28am Feb 19, 2015 12:28am
60 would it be too much to ask you to backtest months May June and August of last year with your EA ?

My EA took heavy losses on all 3 of them so it would be nice if I could compare results

Cheers & thanks for the help
  • #163
  • Feb 19, 2015 2:03am Feb 19, 2015 2:03am
Quoting EternalNewB
60 would it be too much to ask you to backtest months May June and August of last year with your EA ? My EA took heavy losses on all 3 of them so it would be nice if I could compare results Cheers & thanks for the help
what pair?
tradewith60
  • #164
  • Feb 19, 2015 2:41am Feb 19, 2015 2:41am
Quoting 60minuteman
{quote} what pair?
sorry Gold


on the positive side over 3 years backtesting my EA is a giving positive results, now I need to have the balls to let it do its thing
  • #165
  • Feb 19, 2015 2:49am Feb 19, 2015 2:49am
what is walters last name or the name of his website!...in order to register at Now.
  • #166
  • Feb 19, 2015 2:57am Feb 19, 2015 2:57am
Quoting totty23
what is walters last name or the name of his website!...in order to register at Now.
Walter Peters nakedforexnow (nice to see you again Totty)
tradewith60
  • #167
  • Feb 19, 2015 4:44am Feb 19, 2015 4:44am
Thanks 60 min man for your reply. That sounds good and pragmatic approach.
  • #168
  • Feb 19, 2015 5:12am Feb 19, 2015 5:12am
Quoting totty23
what is walters last name or the name of his website!...in order to register at Now.
Was about to ask the same thing...
Nice thread!!
  • #169
  • Feb 20, 2015 9:04am Feb 20, 2015 9:04am
Hi 60minuteman,
Thanks for sharing your simple approach to trading. I honestly don't think it can get any easier/simpler than this.
Just follow price like a little puppy and you will be happy most of the time.

I came across your thread a few days ago, and decided to give it a shot.
I have taken 30 trades from the 18th of Feb to today, 25 winners and 5 loosing trades.
I didn't pay a lot of attention to placing trades as I just wanted to see if the simplicity of this method works. I can assure you it works.
I still cannot believe that I'm trading off of a plain chart .

So next week I will pay attention to my SL and TP placements.
Thank you 60minuteman for sharing. Any further adv from you would be most appreciated.
Have a lovely week end.

Kind regards
  • #170
  • Feb 20, 2015 10:10am Feb 20, 2015 10:10am
Quoting forexday
Hi 60minuteman, Thanks for sharing your simple approach to trading. I honestly don't think it can get any easier/simpler than this. Just follow price like a little puppy and you will be happy most of the time. I came across your thread a few days ago, and decided to give it a shot. I have taken 30 trades from the 18th of Feb to today, 25 winners and 5 loosing trades. I didn't pay a lot of attention to placing trades as I just wanted to see if the simplicity of this method works. I can assure you it works. I still cannot believe that I'm trading...
thankyou Sir, nice post and if you just stick to it and accept the losses when they come you will do well!
tradewith60
  • #171
  • Feb 20, 2015 10:14am Feb 20, 2015 10:14am
So I got a right kicking this week, partly market and partly me trying to be cock and step it up without the line in the sand!

Strange how much effect removing some structure can have.

So lesson learned - come back next week and learn from my mistakes.

There was some real nasty moves that were truly unavoidable but if I had stuck to the plan the first half of the week would of kept it all in shape....
tradewith60
  • #172
  • Feb 20, 2015 10:25am Feb 20, 2015 10:25am
same here 60mm

I had hoped for a better first week :S, until a few hours ago I was at BE for the week but I took a nasty blow with the gold spike then again bought at the top and now 90 pips in red. that's about 20% drawdown on my $100 account.

Still everything I've tried tells me it happens and next week will be better so i will just hang on for now
  • #173
  • Feb 20, 2015 11:19am Feb 20, 2015 11:19am
end of week re-cap is up on my blog
tradewith60
  • #174
  • Feb 20, 2015 11:25am Feb 20, 2015 11:25am
Quoting 60minuteman
without the line in the sand! Strange how much effect removing some structure can have.
I like the idea of placing a line each day. Some Chicago futures pit traders would use the open of the day as the "pivot" for that day. If price was below the pivot, their bias would be short, for example. But perhaps you want to operate with no bias. Either way, I believe the line adds a minimal amount of structure, in a good way.
  • #175
  • Feb 20, 2015 11:28am Feb 20, 2015 11:28am
Quoting 60minuteman
So I got a right kicking this week...
That's okay. Back in the day, when you were briefly scalping, I recall your Trade Explorer showing an 89% win rate w/ avg win not far away from avg loss. So at least as far as I am concerned, you never have anything to prove
  • #176
  • Feb 20, 2015 11:59am Feb 20, 2015 11:59am
Quoting California
{quote} That's okay. Back in the day, when you were briefly scalping, I recall your Trade Explorer showing an 89% win rate w/ avg win not far away from avg loss. So at least as far as I am concerned, you never have anything to prove
trying not to prove something is a lesson I should learn!... Friday night beers always taste sweeter after a week like that anyway
tradewith60
  • #177
  • Edited 2:08pm Feb 23, 2015 1:38pm | Edited 2:08pm
Quoting 60minuteman
end of week re-cap is up on my blog
Hi 60MM, the last video on your blog is dated the 02/02. I hope I'm going to the right blog to catch them.
I had 3 wins and 2 losses with this mornings trading.

Take Care.

OK 60MM, i see you have to move to the next page at the very end of the blog
thanks
  • #178
  • Feb 25, 2015 2:26am Feb 25, 2015 2:26am
Hi Darren,
I have followed or read all of your threads at one time or another and was entertained by some of the gems that would come out of your skype group from yourself and the likes of rred and jtrade.
When you started this thread after a long absence(it seems you are unable to leave FF alone ) I was pleased to see you back because I genuinely do like much of what you have to say. Although I don't trade in your style, you have made me think outside the box on many occasions and this has definitely helped me stick through the hard times whilst trading (of which there have been many!) and I would thank you for that.
I wish you the best in your trading, although I have to say I think your present line in the sand method is going to have far to big draw downs for most to stomach, especially new traders. I like the idea of going with the flow, but without structure and serious MM I doubt this in itself will provide long term success. With the way you are trading it now, one stop hit can wipe out the gains from multiple TP's and psychologically this is a hard way to trade even if it has positive expectancy.

I hope you find your winning way, you are one of the good people on here so keep posting.

Simon
  • #179
  • Mar 4, 2015 9:27am Mar 4, 2015 9:27am
Quoting simtrad
Hi Darren, I have followed or read all of your threads at one time or another and was entertained by some of the gems that would come out of your skype group from yourself and the likes of rred and jtrade. When you started this thread after a long absence(it seems you are unable to leave FF alone ) I was pleased to see you back because I genuinely do like much of what you have to say. Although I don't trade in your style, you have made me think outside the box on many occasions and this has definitely helped me stick through the hard times whilst...
Simon, what a great post, thanks for that....

I know what you are saying, but let's wait for the jury to return on this one, keep an eye on the explorer and you may be pleasantly surprised. The has been a nasty 2 week spell of me being a massive dick head in there (deciding to do away with the LIS was a bad idea!), but that will only reinforce the end results when they're revealed.

So keep following along, as long as I stick to the rules laid out this will produce a steady EQ curve...
tradewith60
  • #180
  • Mar 5, 2015 4:25am Mar 5, 2015 4:25am
28:20 - the mathematician sum's up trading perfectly

Inserted Video
tradewith60
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