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Capital Weightlifting Championship

  • #141
  • Edited 12:29pm Oct 5, 2015 7:00am | Edited 12:29pm
As predicted NFP gave me a kick where it hurts (on both live and TE accounts). I am planning from hence forth to trade with either half risk or not all during NFP weeks. I find TA is unpredictable and with eom low liquidity the market can be erratic. I also find myself getting frustrated and start placing silly trades like I did Friday.

Today's GU TE trade went up in flames with very bad data out of GB... It's the way cookie crumbles.

From here (this week) I am expecting to be able to put together a 3+ net trade run or two. But just to recap the TE results they are as follows:

8 wins
11 looses
5 B.E. (not a full net trade)
1* +3 net trade run
7 withdrawals from the "Principle"

I think it is interesting that despite not very good results the TE account is still up 40%. Will see what can happen if I get a few of these trades running.

GL all,
Matt.

Ps. My personal life has taken a bit of a hit so I possibly wont be able to post as much (here and also in my journal).
As the lights go by so too do the shadows move
  • #142
  • Oct 5, 2015 7:05am Oct 5, 2015 7:05am
Quoting jgadefelth
{quote} Ok so you come into a trend for your entrys the trend have a reverse to get you in some trades when you are in some trades the trend comes back in the opposite direction and make you loose, because you have no stop you lose your account or most of it. Best regards
Hey jgadefelth

Perhaps some back testing buddy... Works fine... But yes high risk as stated with drawdown so not for faint hearted.. Good luck
FREEDOM IS SECURITY.
  • #143
  • Oct 5, 2015 7:20am Oct 5, 2015 7:20am
Gah my fookin broker has been down for over 30m....
As the lights go by so too do the shadows move
  • #144
  • Oct 5, 2015 4:35pm Oct 5, 2015 4:35pm
Well MM,

I'm giving your money management a try with a small live account using a short term strategy.
I've completed 1 net +3 and net +1 on the 2nd. I'll keep you posted.
  • #145
  • Oct 6, 2015 1:25am Oct 6, 2015 1:25am
Quoting spyderman
Well MM, I'm giving your money management a try with a small live account using a short term strategy. I've completed 1 net +3 and net +1 on the 2nd. I'll keep you posted.
Excellent mate, nice work

I am juggling life concerns atm which isn't great for trading but still having a crack when I can.

GL,
Matt.
As the lights go by so too do the shadows move
  • #146
  • Oct 6, 2015 1:31am Oct 6, 2015 1:31am
Quoting Matts Micro
{quote} Excellent mate, nice work I am juggling life concerns atm which isn't great for trading but still having a crack when I can. GL, Matt.
Hope it all will work out fine for you so you can feel better and concentrate more on trading

Best regards
  • #147
  • Oct 6, 2015 1:37am Oct 6, 2015 1:37am
Quoting jgadefelth
{quote} Hope it all will work out fine for you so you can feel better and concentrate more on trading Best regards
Thank you jgadefelth. I envision it wont be until early next year until things settle down.. family sigh, but such is life

Cheers,
Matt.
As the lights go by so too do the shadows move
  • #148
  • Oct 16, 2015 4:09am Oct 16, 2015 4:09am
I have being thinking of adding a rule to the system.

Currently I trade to the next level before raising the risk percent ie when $200 becomes $400. Once that level is hit I will trade the same percent until I hit the next level above or below. So if $400 becomes $200 on the downside I will drop percent. These are slightly higher risk trades due to less capital.

As a counter to the higher risk in the even of a few lost trades I am thinking of reducing my aim of 3 net trades down to 2 net trades until I reach back above the current level (which will only take one series of 2 net trades). Once I reach back above the current level I will again aim for the 3 net trades.

Example:
current balance: $440
-2 attempts (-$80)
balance $360
from here I attempt a +2 net trade win ($160)
+2 net trades
balance $520
I now have 3 attempts to get +3 net trades ($-120) before dropping my expectations to +2 net trades.

I did this on my live account at the beginning of the week. I was about to drop a level on my Principle account but I was sitting on +2 trades in my Trading account. I opted for withdrawing and starting again rather than trying for the 3rd attempt. Ironically I won the next trade which would have given me the +3 net trades but after having a bad couple of weeks I still don't think it was a terrible idea. It's about preserving the capital and keeping the dollar R:R at a level so that when I make a +3 net trade I can reap the full benefit.

My TE is quite disgusting but at the same time I think it demonstrates the power of the system (would be good to have another +3 as an example). I have lost soo many trades and yet I am just now beginning to go into DD from the deposit. I have been a little "unlucky" with a couple of trades with just missed TP's and a few SL's taken almost to the pip before complete reversal but there have also been some absolute horrid trades too (current EU trade was just stupid with a reversal on the daily, I was looking at too much correlation when I pushed the button). The TE is the third in line (just with this system) in my trading. I now have two accounts running this system (separate Principle accounts) and I don't trade the same trades on any of the accounts including the TE. I am biased (of course) in that I choose the best trades for my live accounts and hence the TE is getting a bit of a raw deal. That said I haven't had a great run on my live accounts but the last two weeks I have only needed one withdraw from the Principle (though not forgetting the +2 deposit mentioned earlier). I have bounced between 0-2 net trades for nearly two weeks (currently +2 on both accounts). It's a little frustrating but when the +3 is made it will be a good gain in my principle account. It is a long term strategy with potentially good rewards once the right market conditions come along.
As the lights go by so too do the shadows move
  • #149
  • Oct 16, 2015 4:17am Oct 16, 2015 4:17am
Quoting Matts Micro
I have being thinking of adding a rule to the system. Currently I trade to the next level before raising the risk percent ie when $200 becomes $400. Once that level is hit I will trade the same percent until I hit the next level above or below. So if $400 becomes $200 on the downside I will drop percent. These are slightly higher risk trades due to less capital. As a counter to the higher risk in the even of a few lost trades I am thinking of reducing my aim of 3 net trades down to 2 net trades until I reach back above the current level (which will...

Follow with intrest keep up the good work Hope you get more balanced of luck in future.


Best regards
  • #150
  • Oct 16, 2015 4:26am Oct 16, 2015 4:26am
Quoting jgadefelth
{quote} Follow with intrest keep up the good work Hope you get more balanced of luck in future. Best regards
Thanks mate

I don't believe in luck though, it is more to do with a lack of time at the moment for proper trade management, just to make more excuses hehe

Cheers,
Matt.
As the lights go by so too do the shadows move
  • #151
  • Oct 19, 2015 8:24am Oct 19, 2015 8:24am
Quoting Matts Micro
I have being thinking of adding a rule to the system. I am thinking of reducing my aim of 3 net trades down to 2 net trades until I reach back above the current level (which will only take one series of 2 net trades). Once I reach back above the current level I will again aim for the 3 net trades.
I was curious to see if I was setting myself up for failure with the addition to the rules so I adjusted the test spread sheet to take profit at +2 net trades to see how it performs. The results are quite good with a slightly smoother equity curve (I think). The rule is designed for safety to preserve capital which is the aim of the game. I'm still not entirely sure if I will implement yet as it goes against the theory of profit taking in running market but caution against long term uncertainty maybe the way to go.
Attached File(s)
File Type: xlsx Capital Weightlifting 8.xlsx   736 KB | 398 downloads


Gah just lost "another" trade.. can't believe the bs market the last couple of weeks. That's the third FO of the 4hr/Daily TL on EA. There have been nearly no moves/BO's that have been fully retraced. I have being watching NU and AU (including the FO on NJ).

Here's an example on the AU.
It's a break of the 5m 200ma TL to go 30 pips before the full retrace.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd #86.png Size: 73 KB
As the lights go by so too do the shadows move
  • #152
  • Nov 9, 2015 11:05pm Nov 9, 2015 11:05pm
I just wanted to drop a comment here to let any who are following that I am still trading this system.

The trade explorer link has died for some reason (it happened when IC Markets changed the server time for daylight savings) but not much to report on that front. I have had a couple of wins but haven't reached the +3 target. I am down to $100 and the account will soon prob be burned without a +3 soon. I will likely take it down after this post.

I am not overly concerned with this outcome for a number of reasons. With the tested algo (opening post) in the account DD on the SS it occasionally hits the red ($50 or less) before it lifts off.
The trading conditions imo have reflected one of these times of uncertainty with the FED will or wont we raise rates and more. Even though the EU bears have started to move it has been a painful time for my system as the trend is getting fully ranged before further moves and it is mostly also reflected on other pairs.
Because I currently have less time due to other life commitments I am unable to spend as much time trading. On the TE I tend to set trades and leave them to look after themselves without much management.
On my live main accounts, I am still serious so trading a lot less as I only trade when I know I can sit the whole trade out. My win rate on the original account (from my journal of this system) with over a 100 trades is at 35% which is a little below par(40%) and the balance has just dropped to B.E. My other account that I started later is at 42% WR which is slightly above par but I still haven't made a +3 in some time.

Despite the appearance of bad results in my current trading I am still quite excited with this MM system. From just a couple of +3 net trades about 2 months ago, I have managed to keep the accounts alive and quite well, dropping only 1 (2 TE) "Levels". This is the rhythm of trading I am used to and in the larger picture am profitable from. When conditions for my system smooth with a month and often "months" of trading success I make up for the previous losses and more. If a couple of weeks of good trading conditions carried me this far I am looking forward to getting the ball rolling in "good conditions", it is just a matter of patience.
As the lights go by so too do the shadows move
  • #153
  • Nov 9, 2015 11:45pm Nov 9, 2015 11:45pm
Maybe looking at another system and keep the MM ? and for 4h and higher timeframe so you dont have to watch it as mutch ?


Best regards
  • #154
  • Nov 10, 2015 12:16am Nov 10, 2015 12:16am
Quoting jgadefelth
Maybe looking at another system and keep the MM ? and for 4h and higher timeframe so you dont have to watch it as mutch ? Best regards
Yes I am beginning to test higher tf's with stop entries. However the problem with this type of entry is that it fails to capture the early micro entry which is key to my 2:1 system. Most moves on what ever tf are retraced 50%+ before a continuation. I am happy with my system though. If I changed to 1:1 trading it would require a higher win rate for the MM method to work which equates to the same risk. I know my system well and understand it goes through losing periods. It is important I keep to the system and not change it during these times of uncertainty in anticipation of better conditions to come. It is a trap for many systems to try to change them while they are losing but all systems will have losses and if it is a proven method it just a matter of patience.

Cheers,
Matt.
As the lights go by so too do the shadows move
  • #155
  • Nov 10, 2015 12:04pm Nov 10, 2015 12:04pm
I often talk about times of uncertainty so I thought I'd show what I mean on the UCad. I just lost a trade here on a false BO topside. PA can't decide if it's going up or down or perhaps it is just being stop hunted before the real move begins, which imo is more likely. It's a little frustrating but such is the life trading...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad #9.png Size: 105 KB
As the lights go by so too do the shadows move
  • #156
  • Nov 12, 2015 12:56am Nov 12, 2015 12:56am
I have rewritten the opening post to hopefully explain the system better
As the lights go by so too do the shadows move
  • #157
  • Edited 6:44am Nov 13, 2015 6:02am | Edited 6:44am
For me everything is above us and outside of our control has manipulation.
Watch this video on youtube, with the exchange of lottery numbers and draw the conclusions.
If you see advertising on the video below, which has withdrawing to see the numbers coming out
jvbs

Inserted Video
Work very hard until you get there (excuse my english)
  • #158
  • Edited 6:32am Nov 13, 2015 6:16am | Edited 6:32am
Quoting jvbs
For me everything is above us and outside of our control has manipulation. Watch this video on youtube, and draw conclusions. jvbs https://www.youtube.com/watch?v=eWQVltKcTsw
I thought it was just a lottery vid but lol yer it's a little strange. Imo Forex it getting worse for manipulation as the years go by, which would only make sense as the Money gets better at it. A trillion dollar market of course they are going to steal when ever possible.

I imagine billionaire basements full of computers in league with other basements to turn the markets to their whims

Who can really ever say.
As the lights go by so too do the shadows move
  • #159
  • Nov 13, 2015 6:42am Nov 13, 2015 6:42am
Quoting Matts Micro
{quote} I thought it was just a lottery vid but lol yer it's a little strange. Imo Forex it getting worse for manipulation as the years go by, which would only make sense as the Money gets better at it. A trillion dollar market of course they are going to steal when ever possible. I imagine billionaire basements full of computers in league with other basements to turn the markets to their whims Who can really ever say.

Hà, now you you understand me. Ok, All the best for your project
Work very hard until you get there (excuse my english)
  • #160
  • Nov 13, 2015 7:24am Nov 13, 2015 7:24am
Quoting Matts Micro
{quote} I thought it was just a lottery vid but lol yer it's a little strange. Imo Forex it getting worse for manipulation as the years go by, which would only make sense as the Money gets better at it. A trillion dollar market of course they are going to steal when ever possible. I imagine billionaire basements full of computers in league with other basements to turn the markets to their whims Who can really ever say.
Of course the big banks, hedge funds, etc., has authentic cannon, nuclear weapons and we only have what they want to give us, because they only let pass the liquidity provider sign whatever they want, so they have big guns, we We have a knife to fight them.
Is it so hard to see?
I'm not trying to say that you can not make money in Forex, stocks, etc. "With hard work, blood, sweat and tears." Yes it is possible but not with the ease that big can, it will never be possible! This is just to warn beginners who now arrive and think that everything will be easy.
In the Demo account can be easy, because the big not run after our stop, a true account and with large lots, they run behind our STOP, believe anyone who wants!
jvbs
Work very hard until you get there (excuse my english)
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