Cable Update (GBPUSD)
- #437,550
- Aug 23, 2016 4:19am Aug 23, 2016 4:19am
- Joined Jul 2016 | Status: Trader | 3,318 Posts
trading is simple but is simple is not easy.
Meanwhile.... I am waiting for martingale buyers only!!! {image}- #437,552
- Aug 23, 2016 4:56am Aug 23, 2016 4:56am
- | Joined Sep 2008 | Status: Humble learner | 26 Posts
An interesting finding that I'd like to share:
FF has a leader board for the most profitable traders during a specified period:
1- Past week shows a list of reckless traders (high risk - high leverage which is non-sustainable). I come in 3rd place
as attached.
2- Past month shows the consistent disciplined traders that manage to better control their risk and execute their money management strategies.
I mitigate the risk through:
1- Constant profit taking
2- ultra short transaction periods
3- Keeping the the balance at the lowest trade-able limit (with backup funding accessible) to minimize greed and fear impact.
4- Technical entry /exit points through S/R , VBA, Fib ratios, trend lines and EMAs
5- Continuously erasing profit / loss memory through allowing a no trade period 2x the last transaction period.
6- Keeping a win rate of 70-80% and losses per trade =< gains per trade.
7- Staying humble and whipping down my ego.
Comments and evaluations welcome.
FF has a leader board for the most profitable traders during a specified period:
1- Past week shows a list of reckless traders (high risk - high leverage which is non-sustainable). I come in 3rd place
as attached.2- Past month shows the consistent disciplined traders that manage to better control their risk and execute their money management strategies.
I mitigate the risk through:
1- Constant profit taking
2- ultra short transaction periods
3- Keeping the the balance at the lowest trade-able limit (with backup funding accessible) to minimize greed and fear impact.
4- Technical entry /exit points through S/R , VBA, Fib ratios, trend lines and EMAs
5- Continuously erasing profit / loss memory through allowing a no trade period 2x the last transaction period.
6- Keeping a win rate of 70-80% and losses per trade =< gains per trade.
7- Staying humble and whipping down my ego.
Comments and evaluations welcome.
- #437,553
- Aug 23, 2016 4:56am Aug 23, 2016 4:56am
- Joined Mar 2015 | Status: Living Life Large | 1,011 Posts
I'm high on trading, cant you tell?
- #437,554
- Aug 23, 2016 5:07am Aug 23, 2016 5:07am
- Joined Mar 2015 | Status: Living Life Large | 1,011 Posts
An interesting finding that I'd like to share: FF has a leader board for the most profitable traders during a specified period: 1- Past week shows a list of reckless traders (high risk - high leverage which is non-sustainable). I come in 3rd place
- Your averages are not doing so well. on average you lose money 0.1%
- you make 2 pips per trade on average. I see you make most of your cash on GJ. 2 pips is a big percentage of spread on that pair, isnt it?
- GU is your Achilles heel -325%. Without that pair, just imagine where you'd be. GJ is your strength.
Otherwise, keep up the good job man
I'm high on trading, cant you tell?
- #437,555
- Aug 23, 2016 5:17am Aug 23, 2016 5:17am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
An interesting finding that I'd like to share: FF has a leader board for the most profitable traders during a specified period: 1- Past week shows a list of reckless traders (high risk - high leverage which is non-sustainable). I come in 3rd place
KP
Do your homework, follow the footprints of smart money
- #437,556
- Aug 23, 2016 5:19am Aug 23, 2016 5:19am
- Joined Sep 2013 | Status: Trader | 2,999 Posts
{quote} Yeah, Today / Tomorrow will show. The upper boundary (the Friday's high of 1,3163) of intitial balance of the last week needs to be expanded upper. However we have the upper spike of 3172-3184, additionally we have the hidden gap of 3184-3254 upper than the spike. These are all resistance areas to be broken out in order for us to see new highs. As you can see such a bounch of resistances might not be overcame by the price.... Or we need an impulse up to go through them in one breath. Best D.P.
"W. D. Gann said that time is the most important factor among all things."
- #437,558
- Aug 23, 2016 6:04am Aug 23, 2016 6:04am
- Joined Sep 2013 | Status: Trader | 2,999 Posts
"W. D. Gann said that time is the most important factor among all things."
- #437,559
- Aug 23, 2016 6:09am Aug 23, 2016 6:09am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
