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Pip Farming

  • #481
  • Edited 8:58am Mar 10, 2016 8:35am | Edited 8:58am
Hello to all.

Thank Swingtrade65 for sharing this method of trading . Sorry for my English . I wanted to ask you something . I decided to deal with the trade by closing half position after 50 pips profit and with the other half going to follow the market under a new fractal . My question is as follows : after taking the stop we turn on the other side ? example : I am in long with a stop below the previous fractal , if the price back then towards the fractal beyond the stop , we open a sell position? Thanks for the reply .
  • #482
  • Mar 10, 2016 8:58am Mar 10, 2016 8:58am
Quoting DavidRP
{quote} Thanks for your insights, when you say ATR you mean for trailing?
David,
Yes....I use a multiple of the ATR to trail positions taken off of the daily chart.
Plan, Prepare, Execute, Repeat
  • #483
  • Mar 10, 2016 9:00am Mar 10, 2016 9:00am
Quoting nightfox84
Hello to all. Thank swing for sharing this method of trading . Sorry for my English . I wanted to ask you something . I decided to deal with the trade by closing half position after 50 pips profit and with the other half going to follow the market under a new fractal . My question is as follows : after taking the stop we turn on the other side ? example : I am in long with a stop below the previous fractal , if the price back then towards the fractal beyond the stop , we open a sell position? Thanks for the reply .
Welcome aboard nightfox......Yes, that is one way of doing it for sure. I have done that on the hourly and 4 hr charts.
Plan, Prepare, Execute, Repeat
  • #484
  • Edited 9:24am Mar 10, 2016 9:06am | Edited 9:24am
Quoting swingtrade65
{quote} Welcome aboard nightfox......Yes, that is one way of doing it for sure. I have done that on the hourly and 4 hr charts.

Thank you for the welcome . So I advice you to set over the stop existing platform also a reverse ? I'm trying to work on H1 and H4 charts because the stop of the daily are too expensive for me.

Thank you very much.
  • #485
  • Mar 11, 2016 6:43am Mar 11, 2016 6:43am
Good morning All,

So as we get towards the end of week 2 of this bad trading period and ugly drawdown, I guess it would be tempting to monkey around with the rules and the methods. I know it is tough to sit through these periods when it seems like nothing is going right.

With that said, I will persevere....this is only temporary...keep looking for good setups and place the trades with the confidence that the next one will be the end of the DD and the start of the next upswing.

I am long the GBP/JPY...the trend CCI crossed from below to above 0. this is the first sign of a good trend reversal and not just a retracement in a downtrend. I waited to buy at yesterdays high plus the spread. I will trail this trade with 1.5 X the ATR and see how it works out.

Also looking at entries in the Cable, and the NZD/USD

Many Pips!

ST65
Plan, Prepare, Execute, Repeat
  • #486
  • Mar 11, 2016 9:30am Mar 11, 2016 9:30am
HI.

Also I am long on GBP / JPY on the H4 ( attach diagram) . Swingtrade65 I did not understand the ATR speech you explain it ?

thanks always
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.JPG Size: 125 KB
  • #487
  • Mar 11, 2016 9:39am Mar 11, 2016 9:39am
Quoting nightfox84
HI. Also I am long on GBP / JPY on the H4 ( attach diagram) . Swingtrade65 I did not understand the ATR speech you explain it ? thanks always {image}
Nightfox....I use the ATR as a way to trail my stop. If the ATR(21) period is 89 pips, then I will use this value plus the spread as my trailing stop on the daily bar positions. It is even better when the ATR stop lines up with a fractal....

Hope this helps

Many Pips
Plan, Prepare, Execute, Repeat
  • #488
  • Mar 22, 2016 10:26am Mar 22, 2016 10:26am
Hi everyone,

sorry I have been away for a few days.....seems like every time i get in a daily rhythm...some life event comes along and messes it up.

Trading has been horrible for me over the last 3 weeks or so as I wait for things to sort out and a new decent trend to emerge.

I guess sometimes you are the bug and sometimes you are the windscreen

It is periods like this when I truly contemplate taking on some additional methods to smooth out the equity curve.
My friends over on the Billytt thread have a very successful method for grabbing a few pips each day....maybe I should consider this???

Anyways, hope all is well with you guys

Many pips!

St65
Plan, Prepare, Execute, Repeat
  • #489
  • Mar 22, 2016 10:32am Mar 22, 2016 10:32am
Quoting swingtrade65
Hi everyone, sorry I have been away for a few days.....seems like every time i get in a daily rhythm...some life event comes along and messes it up. Trading has been horrible for me over the last 3 weeks or so as I wait for things to sort out and a new decent trend to emerge. I guess sometimes you are the bug and sometimes you are the windscreen It is periods like this when I truly contemplate taking on some additional methods to smooth out the equity curve. My friends over on the Billytt thread have a very successful method for grabbing a few...
The problem with billyt's method is that I can't find a positive expectancy. He uses a big bankroll to recover bad trades, too much discretion
  • #490
  • Mar 22, 2016 10:37am Mar 22, 2016 10:37am
Quoting DavidRP
{quote} The problem with billyt's method is that I can't find a positive expectancy. He uses a big bankroll to recover bad trades, too much discretion
I agree...if you win 85% of the time but lose 8-10 times your wins when is does go bad....well you have no edge.

I will be employing a new EA very soon that will let me design many different entry and exit methods as well as trailing stop and scaled exits......I will test to see if there is a way to mechanize that method and avoid the swings
Plan, Prepare, Execute, Repeat
  • #491
  • Mar 22, 2016 10:41am Mar 22, 2016 10:41am
I put this little notice on the first post, but figured I would put it here as well.

Just so everyone knows what I am really up to and trying to accomplish.

When I opened the account in the TE on Jan 29th with $500 USD I wanted to do a little experiment

I wanted to see if it is possible to double this account 5 time in 1 year.
500 > 1000
1000> 2000
2000 > 4000
4000 > 8000
8000 > 16000

I will have to be extremely aggressive, but I want to prove to myself that it can be done...conventional wisdom says it cant...we shall see

Wish me luck guys while we poke around for the next trend to exploit!!
Plan, Prepare, Execute, Repeat
  • #492
  • Mar 22, 2016 2:33pm Mar 22, 2016 2:33pm
Quoting swingtrade65
{quote} I agree...if you win 85% of the time but lose 8-10 times your wins when is does go bad....well you have no edge. I will be employing a new EA very soon that will let me design many different entry and exit methods as well as trailing stop and scaled exits......I will test to see if there is a way to mechanize that method and avoid the swings
here you are Swing -try a low time frame as an experiment:
http://www.forexfactory.com/showthread.php?t=486543
and have a look at their chat room:
Chat room:You can find it by searching your skype for "Dax Live Trading Room"....

Or PM Manuel on his FF name MarkFX77

Ignore the FX matters and look at the Dax/Dow mentions (TheSkype room only deals with Dax/Dow

And
Regarding Billy's thread:
I trade the 4 hour breaks but use 5 minute price action (levels and TA etc)to manage the trade. I think that reduces size of losses when actively looking at price action around the four hour open/close or four hour High/Low level
every Saint has a past. Every Sinner has a Future
  • #493
  • Mar 22, 2016 3:12pm Mar 22, 2016 3:12pm
Quoting turnip15
{quote} here you are Swing -try a low time frame as an experiment: http://www.forexfactory.com/showthread.php?t=486543 and have a look at their chat room: Chat room:You can find it by searching your skype for "Dax Live Trading Room".... Or PM Manuel on his FF name MarkFX77 Ignore the FX matters and look at the Dax/Dow mentions (TheSkype room only deals with Dax/Dow And Regarding Billy's thread: I trade the 4 hour breaks but use 5 minute price action (levels and TA etc)to manage the trade. I think that reduces size of losses when actively...
Thanks Mr. T,

Love the Clive approach
Plan, Prepare, Execute, Repeat
  • #494
  • Mar 31, 2016 11:50am Mar 31, 2016 11:50am
Hello All,

Well Spring break is over and I am back in the routine.....trying to get myself out of this hole I dug for myself with too much aggressive trading the 2-3 weeks before spring break. I like everyone else am in a constant battle with my emotions....mainly greed in my case...I want ALL the pips.

When I find myself in that situation, it usually does not go as planned to say the least and then it is back to what actually works and good steady progress.

Wish me luck and follow along if you like

Many Pips

ST65
Plan, Prepare, Execute, Repeat
  • #495
  • Mar 31, 2016 2:29pm Mar 31, 2016 2:29pm
Quoting swingtrade65
Hello All, Well Spring break is over and I am back in the routine.....trying to get myself out of this hole I dug for myself with too much aggressive trading the 2-3 weeks before spring break. I like everyone else am in a constant battle with my emotions....mainly greed in my case...I want ALL the pips. When I find myself in that situation, it usually does not go as planned to say the least and then it is back to what actually works and good steady progress. Wish me luck and follow along if you like Many Pips ST65
It seems current trades are working better.

Good luck!!
  • #496
  • Apr 6, 2016 2:53pm Apr 6, 2016 2:53pm
Hi All
I just want to throw out some random thoughts i have been pondering the last couple of days.

I was comparing periods of time where I am trading very well and making lots of green pips versus those periods where I am getting killed.
The question is this: Is it the markets or to be more precise, the lack of a trend...or is it me?

I am convinced that the answer is without a doubt: ME

Let me elaborate on why I think that. As i reflect on periods that are bad, I see many mistakes that are of a control/ discipline issue. When things are going well, I tend to follow the rules and the pips pile up...that is when i become dangerous to myself!!
I start taking trades that do not adhere to any rule set, trades without proper money management and just ill advised trades in general because after all I have to be smarter than the markets right? I mean, I just made 1K pips in a week, i must be able to see the future.

What i find is that when i go for an entire week and follow my internal rules....even if the majority of trades dont work, i always find a way to still be in the game and make a few pips. It is this application of the implicit learning that has occured that leads me to the land of green pips.


So Ladies and Gentlemen...here is the challenge for myself...and you too if you find that you suffer from these errors.....lets go the rest of the week and ONLY take trades that meet the best criteria we have and stick to the rules without fail and see how they turn out.

Many pips

ST65
Plan, Prepare, Execute, Repeat
  • #497
  • Apr 6, 2016 3:14pm Apr 6, 2016 3:14pm
Oh...One last things folks

As I look at all of these commercial folks out here selling website subscriptions and stuff....I really wonder why NONE of them ever put up a TE or any way to verify what they are selling really works?

I wonder why that is?

So many excuses, so little proof

Hmmmmm


Many Pips
Plan, Prepare, Execute, Repeat
  • #498
  • Apr 6, 2016 3:27pm Apr 6, 2016 3:27pm
ST - You hit the nail on the head. It is that simple----and that complicated. Good trades to us all.
  • #499
  • Apr 6, 2016 5:11pm Apr 6, 2016 5:11pm
I am going to explain why I am in one of my current trades

1) At point number 1, we had the CCI turn up after a pullback...this days CCI at close was greater than the previous days
2) The 34 period WMA was green, which indicates an increasing WMA
3) I am trailing this long position with a stop that is equal to the 21 period ATR

Please ask questions if you do not understand this trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 32 KB
Plan, Prepare, Execute, Repeat
  • #500
  • Apr 7, 2016 6:15am Apr 7, 2016 6:15am
Quoting swingtrade65
I am going to explain why I am in one of my current trades 1) At point number 1, we had the CCI turn up after a pullback...this days CCI at close was greater than the previous days 2) The 34 period WMA was green, which indicates an increasing WMA 3) I am trailing this long position with a stop that is equal to the 21 period ATR Please ask questions if you do not understand this trade {image}
Great to see you back Swing. What caught my eye were the pullbacks in relation to the CCI. Seems you have a couple more to the left. I saw similar on Clives thread.
Surprisingly, for me- the change of colour on the ma is a great attention grabber -trend in line with CCI action and price.
Keep it up Swing -one of the few posters worth reading.
Caveat -I should point out I am a relatively new trader in comparison to yourself - thus I have no pearls of wisdom borne of experience-merely informed (I hope) comment.
every Saint has a past. Every Sinner has a Future
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