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Testing High Leverage Compounding

  • #101
  • May 19, 2015 2:03am May 19, 2015 2:03am
Stops hit.

But it's not over... 1.5 hours left for entries.

This happens a lot btw, almost once a day. the market is volatile so, it is common for it to not run the first time. Don't give up right after a loser...
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  • #102
  • May 19, 2015 2:19am May 19, 2015 2:19am
Quoting shellsnail
Stops hit. But it's not over... 1.5 hours left for entries. This happens a lot btw, almost once a day. the market is volatile so, it is common for it to not run the first time. Don't give up right after a loser...
Okay with that move, this session is more or less over, unless it spikes up now... Will be back for NY. Trade well.

From a more general perspective, this is actually a ok session with a -0.6R loss. But because my risk is so high in % terms, it becomes quite a significant hit to the account. But that's how it works for such MM.

For NY session, I'm thinking euro shorts will be nice pre NYSE Open.
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  • #103
  • May 19, 2015 3:35am May 19, 2015 3:35am
Trading high leverage on a small account let my old habits get to me.. Should take a break. Will be back.
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  • #104
  • May 19, 2015 3:48am May 19, 2015 3:48am
Quoting shellsnail
Trading high leverage on a small account let my old habits get to me.. Should take a break. Will be back.
Don't worry it was a small amount. A cheap price for a valuable lesson. Hope you're back with renewed energy soon, I still believe this philosophy has merit, but it isn't like regular trading. It's more like a lottery ticket, with a higher chance of winning something. Maybe you could take the week off, do some relaxing things and get back, freed of negative feelings.
  • #105
  • May 19, 2015 4:10am May 19, 2015 4:10am
Quoting ExForX
{quote} Don't worry it was a small amount. A cheap price for a valuable lesson. Hope you're back with renewed energy soon, I still believe this philosophy has merit, but it isn't like regular trading. It's more like a lottery ticket, with a higher chance of winning something. Maybe you could take the week off, do some relaxing things and get back, freed of negative feelings.
Yeah. It's a bit different from usual I felt... I'll probably top up the account back to full by tmr and get back to business. Thanks for the advice!
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  • #106
  • May 19, 2015 4:33am May 19, 2015 4:33am
Took a peek at gold.. I think the daily uptrend is about to really take off after this current retrace ends. But if it dips below 1180, then it's probably off.
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  • #107
  • May 19, 2015 7:09am May 19, 2015 7:09am
What a mess! So, what happened with...I would always wait for the trend entry?
:: everything is awesome ::
  • #108
  • May 19, 2015 8:25am May 19, 2015 8:25am
Quoting shellsnail
BTW this entire live system I am trading is fully rule-based. None of it is random or left to intuition. For those who don't believe that it's possible for a mechanical system to be profitable.. watch and see the next couple months. I would code it to an EA if I knew how to write MQL...
Shell, I can get that mechanical system to a EA for you for free......you interested?Lets do it
  • #109
  • May 19, 2015 2:02pm May 19, 2015 2:02pm
Quoting Black Fox
What a mess! So, what happened with...I would always wait for the trend entry?
Got carried away! Sorry about that and messing up the test.

Will update with Attempt Beta soon.
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  • #110
  • May 19, 2015 2:04pm May 19, 2015 2:04pm
Quoting Mooz
{quote} Shell, I can get that mechanical system to a EA for you for free......you interested?Lets do it
Hmm. Not at the moment, maybe in mid June. Too many things going on. I'll PM you!

Thanks.
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  • #111
  • May 19, 2015 7:07pm May 19, 2015 7:07pm
Asian Session Pairs in Focus

Long GBP/AUD
Short NZD/JPY
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  • #112
  • May 19, 2015 7:36pm May 19, 2015 7:36pm
Long GBP/AUD

Attached Image (click to enlarge)
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  • #113
  • May 19, 2015 10:45pm May 19, 2015 10:45pm
Compare GBP/AUD

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With GU Long from last week

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Bounce here???
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  • #114
  • May 20, 2015 2:47am May 20, 2015 2:47am
Back in action

The day starts off with a Easter Egg Counter-trend trade on the euro.

Attached Image (click to enlarge)
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This set-up has a pretty good success rate of at least BE usually 20+ pips, sometimes TP. But most importantly it keeps me away from taking trend entries that tend to be losers.
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  • #115
  • May 20, 2015 4:17am May 20, 2015 4:17am
Quoting shellsnail
Compare GBP/AUD {image} With GU Long from last week {image} Bounce here???
G/A Long, Stop at BE.

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  • #116
  • May 20, 2015 4:26am May 20, 2015 4:26am
G/A Scale In

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  • #117
  • May 20, 2015 4:34am May 20, 2015 4:34am
Quoting shellsnail
G/A Scale In {image}
Stop out at BE.
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  • #118
  • May 20, 2015 6:50am May 20, 2015 6:50am
EU is hopeless today. Has moved down way too much without any counter-trend action for it to be an attractive short.

Watching GU, if it starts dropping, may have a good short around NYSE Open.
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  • #119
  • May 20, 2015 7:51am May 20, 2015 7:51am
Finally some CT action on EU.. This opens up the pair again.

A dip here would be nice to short.
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  • #120
  • May 20, 2015 8:25am May 20, 2015 8:25am
Quoting shellsnail
G/A Scale In {image}
Hmm the scaling in is definitely having some effect on my profitability on the demo acct. This trade looks like it'll run to TP. If so, it'd be the 2nd profitable trade that scaling in 'lost'.

The real question now is, whether the RR is worth it.. One scale in trade would generate about +85% returns, so it amounts to about 4 regular winning trades. Will have to test more. Concerned about possible big drawdown since now win-rate is cut even further.
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