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learn how to trade like hedge funds through my live account

  • #41
  • Jun 10, 2015 7:23am Jun 10, 2015 7:23am
Quoting Earleone
Nice g/j That is a trade after my taste to trade the reversal from heavy OS. Pitty that the E/U longs breakout didnt work out. But you told it was risky. Not much time for me to trade today
Hi Earleone,

nice to see your post again.

yes i tried to play a very dangerous breakout trade but it didn't get the momentum and volume needed to shoot up.

waiting for you to get back to trading again.
I always knew that someday I would make it big
  • #42
  • Jun 10, 2015 7:28am Jun 10, 2015 7:28am
Hi

gbp/usd long positions have been executed at 1.5515

let's see what will happen with this trade
I always knew that someday I would make it big
  • #43
  • Jun 10, 2015 7:58am Jun 10, 2015 7:58am
Quoting forexer
Hi gbp/usd long positions have been executed at 1.5515 let's see what will happen with this trade
cable long positions in play targeting 1.5700 ,stop loss have been set at 1.5476

happy trading
I always knew that someday I would make it big
  • #44
  • Jun 10, 2015 8:02am Jun 10, 2015 8:02am
Quoting forexer
{quote} cable long positions in play targeting 1.5700 ,stop loss have been set at 1.5476 happy trading
update

cable long positions stop loss orders have been modified to be 1.5440 due to high volatility to avoid early stop out and to give the trade more roam to play out
I always knew that someday I would make it big
  • #45
  • Jun 10, 2015 10:24am Jun 10, 2015 10:24am
Quoting forexer
Hi gbp/usd long positions have been executed at 1.5515 let's see what will happen with this trade
Hi all,

i have just closed the THE GBPUSD LONG POSITIONS at 1.5550 level and locked in good profits

i had to close the long positions early before hitting my long term target due to high implied volatility .

the lesson learned from this trade that there is no place for greedy traders , always be humble and accept what the market is willing to give you .

i got my share now and i stopped trading
i'm calling it a day ,

i wish you all happy trading
I always knew that someday I would make it big
  • #46
  • Jun 10, 2015 11:07am Jun 10, 2015 11:07am
Quoting forexer
{quote} Hi all, i have just closed the THE GBPUSD LONG POSITIONS at 1.5550 level and locked in good profits i had to close the long positions early before hitting my long term target due to high implied volatility . the lesson learned from this trade that there is no place for greedy traders , always be humble and accept what the market is willing to give you . i got my share now and i stopped trading i'm calling it a day , i wish you all happy trading
we don't predict, we only ride
  • #47
  • Jun 11, 2015 2:08am Jun 11, 2015 2:08am
Quoting cakrajaya
{quote}

I always knew that someday I would make it big
  • #48
  • Jun 11, 2015 2:17am Jun 11, 2015 2:17am
Hi

i have just bought the cable at 1.5434 at VERY IMPORTANT LEVEL targeting quick profits

let's see what will happen

thanks
I always knew that someday I would make it big
  • #49
  • Jun 11, 2015 2:33am Jun 11, 2015 2:33am
Quoting forexer
Hi i have just bought the cable at 1.5434 at VERY IMPORTANT LEVEL targeting quick profits let's see what will happen thanks

cable longs just closed with quick profits due to strong downside bias at the moment so to be on the safe side i preferred to book small profits till the picture gets clearer.

happy trading to all
I always knew that someday I would make it big
  • #50
  • Jun 11, 2015 3:28am Jun 11, 2015 3:28am
Hi

update about my trading activities

i'm on sidelines as the markets waiting for the US data to be released later today.

so i'm not going to watch the market at the moment till NY session begins and analyzing US data.

trade well.
I always knew that someday I would make it big
  • #51
  • Jun 11, 2015 8:39am Jun 11, 2015 8:39am
Hi

unfortunately my live account has been hit by bad NZD/USD trade which caused large and massive losses today which is about 5% draw-down .


i'm going to stop trading the markets and call it a day


thanks
I always knew that someday I would make it big
  • #52
  • Jun 11, 2015 10:01am Jun 11, 2015 10:01am
Hi
after the massive and big losses that occured in my live account today which is more than 7% draw down as aresult of that

i made a decision to revise the whole strategy in my trading due to bad performance so the changes that been made as follows:

1- i increased the leverage from 1:5 to 1.50

2- i will trade Forex with leveraged strategy called Momentum trading

3- strict and highly disciplined risk management will be used

4- due to using this kind of leveraged strategy we can expect more draw down which can reach 20 to 25%


and as Jim Rohn said in his quote ( If you are not willing to risk the unusual, you will have to settle for the ordinary.)

thanks
I always knew that someday I would make it big
  • #53
  • Jun 11, 2015 10:10am Jun 11, 2015 10:10am
nzd/usd is one of my late most mistaken pair to trade lately. Sorry to hear you got SL for your trades.

More opportunities tomorrow to get back the missing pips . It is just one in the statistics.

Maybee set up spike protection around red news if you decide to let the trades run. The area you took the trade on would most likely be visited again during some days / weeks if the spike down had been continued. If bullish and it went up I am not sure since this can be a bottom area for now. ( But then you would violate your rule for small SL) Anyway I think that is more profitable over the long run for trades hold open during red news and that are within 100 pips range any direction and that are :
1. Trades taken with the long term trend on the higher tf and you are on correct side off the swing ( buing bottom / selling top)
2. Trades taken around strong S/R level ( The areas get mostly always visited again after breakout. I think you know this this from swing trading higher TF. The S/R areas almost always get taken out at BE or if BE not set they more often then not goes to DD for some periods. To manage to have a trade running for longer term it has more chance to survive if taken at OB / OS or swing high / low on higher TF and trade entry at lower TF.

What you think about this?


No manual trading for me this days because of time. I like to be able to follow my trades and the market on the computer screen.

Good rule also you have to stop trading for day when you reach limit in losses.

Can I also ask why you place 4 positions at entry? To get pip statistics correct wich you will not if you do partly close of trades?
Trading in the shadow of SM
  • #54
  • Edited 10:36am Jun 11, 2015 10:16am | Edited 10:36am
Quoting forexer
Hi after the massive and big losses that occured in my live account today which is more than 7% draw down as aresult of that i made a decision to revise the whole strategy in my trading due to bad performance so the changes that been made as follows: 1- i increased the leverage from 1:5 to 1.50 2- i will trade Forex with leveraged strategy called Momentum trading 3- strict and highly disciplined risk management will be used 4- due to using this kind of leveraged strategy we can expect more draw down which can reach 20 to 25% and as Jim Rohn said...

It is maybe the reason you margin called earlier attempts. I will absolutly not advice you to do this before you has tested it out and are sure that you can be constantly profitable. The only thing you will do is to get a terrible up down equity curve with high DD. Please think about this again. It is strong martingale to increase leverage from 1:5 to 1:50

You are in green pips for the month. It is just a bad day.
If you are unsure about the strategy you should decrease your leverage. Not increase.

And to trade new strategy if you decide that. Test it out with low leverage first.

And if you can not take 7 % DD with this strategy. How you will feel when your new strategy gives you 25% DD?

It is normal to be upset after big losses. But you knew when you started that you will have losses / losing days. / weeks. Maybee months. This is one trading day.
Maybee look at the reason for the loss. Red news? Or other. If red news. Maybe avoid trade / hold open trades before red news?
Trading in the shadow of SM
  • #55
  • Jun 11, 2015 10:30am Jun 11, 2015 10:30am
Quoting forexer
Hi after the massive and big losses that occured in my live account today which is more than 7% draw down as aresult of that i made a decision to revise the whole strategy in my trading due to bad performance so the changes that been made as follows: 1- i increased the leverage from 1:5 to 1.50 2- i will trade Forex with leveraged strategy called Momentum trading 3- strict and highly disciplined risk management will be used 4- due to using this kind of leveraged strategy we can expect more draw down which can reach 20 to 25% and as Jim Rohn said...
I am sorry my bro, if some of my statement maybe seem interrupt you. I have long and lot experience on blowing an account too. but if you do like this you will only blow
your account again, again and again. you switch and changing your trading method in a dramatic drastically way, that is a sign you will do the same mistake again again and again. and every time you got a hit loss then you will change the method again. that is one reason year by year if someone do that then he/she actually do not have progress lesson or learning curve.

I write this, I do not mean to teach you because no one can teach us, the best teacher is ourself, all of us is a learner in this great universe.


hope the best for you
we don't predict, we only ride
  • #56
  • Jun 11, 2015 10:47am Jun 11, 2015 10:47am
Quoting cakrajaya
{quote} I am sorry my bro, if some of my statement maybe seem interrupt you. I have long and lot experience on blowing an account too. but if you do like this you will only blow your account again, again and again. you switch and changing your trading method in a dramatic drastically way, that is a sign you will do the same mistake again again and again. and every time you got a hit loss then you will change the method again. that is one reason year by year if someone do that then he/she actually do not have progress lesson or learning curve....

Hi cakrajaya,

thank you for your advice and warning about my recent changes i have made on my strategy.

yes i know that changing strategy is not an easy decision , but this not because of this bad day losses NO because i have a contingency plan that i will use in order to add life to my account by using well calculated risks .

i appreciate your advice and warning and i would like to assure you that i will use the a very innovative strategy and i think you will like it.

let's watch the show
I always knew that someday I would make it big
  • #57
  • Jun 11, 2015 10:55am Jun 11, 2015 10:55am
Quoting Earleone
{quote} It is maybe the reason you margin called earlier attempts. I will absolutly not advice you to do this before you has tested it out and are sure that you can be constantly profitable. The only thing you will do is to get a terrible up down equity curve with high DD. Please think about this again. It is strong martingale to increase leverage from 1:5 to 1:50 You are in green pips for the month. It is just a bad day. If you are unsure about the strategy you should decrease your leverage. Not increase. And to trade new strategy if you...
Hi Earleone,

yes i know loss hurts so much and it's painful , but this is not the main reason that made me change the leverage to 1:50 , i have changed my leverage in order to apply a new strategy which is part of the main hybrid strategy.


don't worry , i will use a very calculated leveraged trades with a completely different strategy

the strategy i will use is very innovative which based on Momentum trading with a strict risk management style.

i invite you to subscribe to see for yourself

thank you for your advice Earleone , i appreciate your helpful words

trade well
I always knew that someday I would make it big
  • #58
  • Jun 11, 2015 10:58am Jun 11, 2015 10:58am
Here is results I have from high leveraged strategy

http://www.myfxbook.com/members/Earl...-dbo-hr/832785

It is profitable. I had VPS server crashed in April and will not set up again the trading off this system before August because of traditional low momentum in summer months. This strategy has an edge. I know it will make money long term. Here I traded with high leverage risking up to 15% of my account for every single trade. It is possible But be ready for Heavy DD. I have it automated since it is mechanical. I think this is kind off system you will now change your strategy too. If you want to trade strategy like that. Do it with small account. Not your main trading account. ( I also had it for U/J and gold successfully ) If you manage with system like that it will compound by itself and you can start with small account. Possible it will crash blow some years using as high leverage as I have done.
Trading in the shadow of SM
  • #59
  • Jun 11, 2015 11:00am Jun 11, 2015 11:00am
Hi

i invite all traders who viewing my thread to subscribe so we can learn new strategy that i'm going to use .

i need your supports and encouraging words so i can do better.

thank you in advance for subscribing


If you are not willing to risk the unusual, you will have to settle for the ordinary.
Jim Rohn
I always knew that someday I would make it big
  • #60
  • Jun 11, 2015 11:12am Jun 11, 2015 11:12am
Yes , I agree to that according to risk. But I know that risk alone is not enough. You will also need an edge when it comes to forex trading. When you are sure you have that edge and it is working that you are making pips every week. month by month, you just know it . Then it is time to increase risk. Not just jump in to new strategy with increased risk.

I think I been doing 100 of methods / systems / ea's that I was very optimistic about / believed in. Can even say so sure that i putted money to some off them with sometimes high risk. I dont have statistic but I guess less then 10% off them become profitable in forward testing. We get optimistic and even qte sure just to see the opposite happens when we do. If we do by small leveage and it work day in and day out. Then when we have kind of prof for our self. Then Increase.
Trading in the shadow of SM
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