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  • #881
  • Sep 6, 2016 12:59am Sep 6, 2016 12:59am
Quoting Fisher755
{quote} Denmas (Pips net) is the true master of HFS. Here is one example: The best is if Switched EP is bigger than initial EP, so initial one should not be too big. {image} Couldn't switch my too loaded long EU from Friday, so I had to just fold and recover with other trades in the days that will follow...The method is almost impossible to apply with too loaded trade. {image}

Where can i find more of these trades? well so, when the trade goes against you, you close the trade and then you open it in the other direction. What do you mean switched EP is bigger than the initial EP?

Fisher, what happend with your profits? did you risk too much at the same moment?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #882
  • Sep 6, 2016 1:19am Sep 6, 2016 1:19am
Quoting Peruvian80
{quote} Where can i find more of these trades? well so, when the trade goes against you, you close the trade and then you open it in the other direction. What do you mean switched EP is bigger than the initial EP? Fisher, what happend with your profits? did you risk too much at the same moment?
Last question is answered in my previous post here and for the first one you will have to read all the posts at the site.
Yes, I risked (too)much on EU long, misjudged the direction or timing. We'll see today if one or both.
PVSRA
  • #883
  • Sep 6, 2016 2:25am Sep 6, 2016 2:25am
Quoting Fisher755
{quote} Last question is answered in my previous post here and for the first one you will have to read all the posts at the site. Yes, I risked (too)much on EU long, misjudged the direction or timing. We'll see today if one or both.
that always happens to me on EUR USD. And then when i closed all trades it almost "always" goes back up.... To frustrating.... You can already see it happening now Fisher

Last account i got a whipsaw on 1 freaking pip...
so now i will stick to my own rules and by doing that it is quite easy to make a steady growt....
I just look at eu and gu and go for 10 to 20 pip each and set a sl of 20 for both. If i lose i'll wait for a next opportunity and buy or sell with the same lots, if this also fails i wait again and re-enter with double lots.... It is a bit like martingale, only a bit safer one.
hope this helps anyone
  • #884
  • Sep 6, 2016 2:35am Sep 6, 2016 2:35am
oh cool!
can i join this challenge?
  • #885
  • Sep 6, 2016 9:16am Sep 6, 2016 9:16am
Quoting Robst3r
{quote} that always happens to me on EUR USD. And then when i closed all trades it almost "always" goes back up.... To frustrating.... You can already see it happening now Fisher Last account i got a whipsaw on 1 freaking pip... so now i will stick to my own rules and by doing that it is quite easy to make a steady growt.... I just look at eu and gu and go for 10 to 20 pip each and set a sl of 20 for both. If i lose i'll wait for a next opportunity and buy or sell with the same lots, if this also fails i wait again and re-enter with double lots.......
See, I was right with the direction, but the timing sucked . Also bad thing. So we should trade more carefully.
PVSRA
  • #886
  • Sep 6, 2016 9:48am Sep 6, 2016 9:48am
Quoting nlmnlmnlm
oh cool! can i join this challenge?
Added you to the list!

Updated list on post #1:

Abelanun
AlexDee
Attilafx
Benaiah 7 22 2016
BraintheBoss
Domba
Fisher755
Haikanoz
Ill-b-back
JustUsePrice
Koop
Magnumfreak
MBolten
Mlaz
Mozak
nlmnlmnlm
Mr.Dan
Neewbie
NoFXguru
Peruvian80
Ratedrstar
Robst3r
RoelsMajor
Rozay
Sapere.aude's
Soekarno
Teton
  • #887
  • Sep 6, 2016 10:03am Sep 6, 2016 10:03am
just looking at those post about PVSRA
seems very interesting
  • #888
  • Sep 6, 2016 10:49am Sep 6, 2016 10:49am
USD cross nice move today
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #889
  • Sep 6, 2016 11:05am Sep 6, 2016 11:05am
Quoting Robst3r
{quote} that always happens to me on EUR USD. And then when i closed all trades it almost "always" goes back up.... To frustrating.... You can already see it happening now Fisher Last account i got a whipsaw on 1 freaking pip... so now i will stick to my own rules and by doing that it is quite easy to make a steady growt.... I just look at eu and gu and go for 10 to 20 pip each and set a sl of 20 for both. If i lose i'll wait for a next opportunity and buy or sell with the same lots, if this also fails i wait again and re-enter with double lots.......
Sorry hear that, don't give up friend
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #890
  • Sep 6, 2016 11:15am Sep 6, 2016 11:15am
Quoting Robst3r
{quote} that always happens to me on EUR USD. And then when i closed all trades it almost "always" goes back up.... To frustrating.... You can already see it happening now Fisher Last account i got a whipsaw on 1 freaking pip... so now i will stick to my own rules and by doing that it is quite easy to make a steady growt.... I just look at eu and gu and go for 10 to 20 pip each and set a sl of 20 for both. If i lose i'll wait for a next opportunity and buy or sell with the same lots, if this also fails i wait again and re-enter with double lots.......
Hi R,

I assume you'll be putting your TE back up, so I left you in the list of participants for the challenge...

However, not sure why you'd delete your TE. I'll give you some tough love now ... You have to stand up to your emotions. You can't let them push you around. Put your TE back up no matter how red it is, don't change the start date, add as much money as you are comfortable with to start again, and just calmly continue with your goal. Like I said before, if we do not conquer our emotions, and learn how to deal with the emotional consequences of our mistakes we'll never make it in trading...

Having said that, I know the feeling. I've blown up my account 2 or 3 times, but I kept going, and I'm almost recovered now. I could experience a big draw-down again, who knows? But I won't give up. My determination is that my emotions will not be the decision maker for me, whether it be trading or anything else...

Hope this helps...

Kind regards,
B
  • #891
  • Sep 6, 2016 11:44am Sep 6, 2016 11:44am
Quoting Robst3r
{quote} that always happens to me on EUR USD. And then when i closed all trades it almost "always" goes back up.... To frustrating.... You can already see it happening now Fisher Last account i got a whipsaw on 1 freaking pip... so now i will stick to my own rules and by doing that it is quite easy to make a steady growt.... I just look at eu and gu and go for 10 to 20 pip each and set a sl of 20 for both. If i lose i'll wait for a next opportunity and buy or sell with the same lots, if this also fails i wait again and re-enter with double lots.......
Hmm... I would not recommend increasing position sizes to recover. This just fuels emotional instability.

Every trade needs to executed with the same emotional feeling. You are not going to feel the same way about a trade executed with .1 lot as you will with .2 lot for example. When you increase the lot size, you increase the potential of affecting your emotions, especially if you do it when you are trying to recover.
  • #892
  • Sep 6, 2016 11:50am Sep 6, 2016 11:50am
emotions emotions emotions, greed, all is about that.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #893
  • Sep 6, 2016 12:06pm Sep 6, 2016 12:06pm
Quoting Peruvian80
emotions emotions emotions, greed, all is about that.
Agree with u
3Some Candle TacticaL
  • #894
  • Sep 6, 2016 1:02pm Sep 6, 2016 1:02pm
I have pending buys on UJ...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYdaily.png Size: 30 KB
  • #895
  • Sep 6, 2016 1:10pm Sep 6, 2016 1:10pm
Quoting benaiah
I have pending buys on UJ... {image}

-6.9% good job!! what was your drawdown in this recovery stage? and what are you doing diffrentt from before?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #896
  • Sep 6, 2016 1:17pm Sep 6, 2016 1:17pm
Quoting Peruvian80
{quote} -6.9% good job!! what was your drawdown in this recovery stage? and what are you doing diffrentt from before?
My recover so far, is past 2 weeks...
Attached Image (click to enlarge)
Click to Enlarge Name: recovery.png Size: 524 KB
  • #897
  • Sep 6, 2016 1:19pm Sep 6, 2016 1:19pm
Quoting benaiah
{quote} My recover so far, is past 2 weeks... {image}
Nice
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #898
  • Sep 6, 2016 1:21pm Sep 6, 2016 1:21pm
Quoting domba
{quote} Nice
thanks, but I'm still working at it, hopefully I keep going in the right direction.

What I do differently is trade based off of Monthly/weekly charts primarily. And although I've added money to my account, I have not increased leverage. So, my leverage per trade is very low...
  • #899
  • Sep 6, 2016 1:27pm Sep 6, 2016 1:27pm
Quoting domba
{quote} Nice
Also, I don't want to go into too much detail about what I'm doing now, but if/when I have 6 months to a year's worth of success, I'll share more...

I will say this - I've pretty much eliminated 95% of the emotional drain on my trading. I execute with a much clearer mind now. I highly recommend that to facilitate success, you have to find out what taxes your emotions, and eliminate it. Otherwise we are slaves to emotions and our thinking is severely inhibited...
  • #900
  • Sep 6, 2016 1:30pm Sep 6, 2016 1:30pm
Quoting benaiah
{quote} Also, I don't want to go into too much detail about what I'm doing now, but if/when I have 6 months to a year's worth of success, I'll share more... I will say this - I've pretty much eliminated 95% of the emotional drain on my trading. I execute with a much clearer mind now. I highly recommend that to facilitate success, you have to find out what taxes your emotions, and eliminate it. Otherwise we are slaves to emotions and our thinking is severely inhibited...
Agree. I try not to over trade since this month. 1-2 trade per month enough for me now . And of course i trade HTF
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
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