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  • #1,241
  • Sep 20, 2016 6:35am Sep 20, 2016 6:35am
I saw a large movement in GBPUSD. Nice volatility = me trading =)
Live stream trading: youtube . com/user/th3b0y/live
  • #1,242
  • Sep 20, 2016 7:05am Sep 20, 2016 7:05am
Quoting th3b0y
I saw a large movement in GBPUSD. Nice volatility = me trading =)
Careful, volatility ahead. My algo has triggered protection mechamism. First move most likely just a fake move.
  • #1,243
  • Sep 20, 2016 7:06am Sep 20, 2016 7:06am
Quoting Passerby
{quote} Careful, volatility ahead. My algo has triggered protection mechamism. First move most likely just a fake move.
Volatility is all I want

As long as the price moves I get money. the problem for me is when it ranges...
Live stream trading: youtube . com/user/th3b0y/live
  • #1,244
  • Sep 20, 2016 8:47am Sep 20, 2016 8:47am
Quoting th3b0y
I'm trading GBPJPY (selling) and AUDUSD (buying) at the moment. Let's see how it plays out.. =) I trade a bit risky, but I accept the consequences... You guys can follow my live stream on https://www.youtube.com/user/th3b0y/live

Selling GBPJPY is quite nice atm. haha =) AUDUSD is a bit dead, though...
Live stream trading: youtube . com/user/th3b0y/live
  • #1,245
  • Sep 20, 2016 9:18am Sep 20, 2016 9:18am
Quoting Koop
{quote} Pursuit, I'v always wondered, and this goes out to Ben too... Why exactly do you guys prefer loading up multiple positions probably with the same small lot sizes instead of summing up all the positions into One with a larger lot size? and do you do it when the price is going against you and you see it as an opportunity to add at better prices or you only do it when it "seems" price is going in your favour?
yea, everything posted by Koop and Pursut applies to me too.However, I'll also say that I'm backing off a bit on my trading, as even though I've been using small positions, I've entered way to many of them on various instruments, and ended up over-leveraging, and been losing big.
  • #1,246
  • Sep 20, 2016 9:47am Sep 20, 2016 9:47am
Quoting Koop
{quote} Pursuit, I'v always wondered, and this goes out to Ben too... Why exactly do you guys prefer loading up multiple positions probably with the same small lot sizes instead of summing up all the positions into One with a larger lot size? and do you do it when the price is going against you and you see it as an opportunity to add at better prices or you only do it when it "seems" price is going in your favour?
I use at least 2 positions when I start a trade. I'm not a patient man, so if I get a good move in the first day of a trade I take off the 1st position and move 2nd to B/E to go for a 2nd target. My real intent of my trading plan is to get into a move that lasts a week or two. Rarely happens but along the way I pick up short trades that add up. When my timing isn't right and a trade goes against me, I wait for next entry and martingale (double down to get out). Its usually a messy exit but I prefer that to a straight up stop loss.
  • #1,247
  • Sep 20, 2016 10:17am Sep 20, 2016 10:17am
Quoting Salvo
{quote} I use at least 2 positions when I start a trade. I'm not a patient man, so if I get a good move in the first day of a trade I take off the 1st position and move 2nd to B/E to go for a 2nd target. My real intent of my trading plan is to get into a move that lasts a week or two. Rarely happens but along the way I pick up short trades that add up. When my timing isn't right and a trade goes against me, I wait for next entry and martingale (double down to get out). Its usually a messy exit but I prefer that to a straight up stop loss.
interesting approach, martingale doesn't work for me though i know a few that it does serve quite well -- and nice trading (based on your TE)
  • #1,248
  • Sep 20, 2016 3:19pm Sep 20, 2016 3:19pm
Oh, thanks guys. Makes a lot of sense. One just has to pick what works best for oneself.


In other news, the general GBP sell off appears to have fizzled out. wondering if the GBP buys are just retracements... might have to close my shorts
  • #1,249
  • Sep 20, 2016 5:05pm Sep 20, 2016 5:05pm
Quoting Salvo
{quote} I use at least 2 positions when I start a trade. I'm not a patient man, so if I get a good move in the first day of a trade I take off the 1st position and move 2nd to B/E to go for a 2nd target. My real intent of my trading plan is to get into a move that lasts a week or two. Rarely happens but along the way I pick up short trades that add up. When my timing isn't right and a trade goes against me, I wait for next entry and martingale (double down to get out). Its usually a messy exit but I prefer that to a straight up stop loss.

And what happened if you fo the martingale thing and lose? do you use another martingale? let me tell you that soon or later you will kill your account if you use a martingale system without a stop.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,250
  • Sep 20, 2016 5:09pm Sep 20, 2016 5:09pm
Quoting pursuit_21
{quote} interesting approach, martingale doesn't work for me though i know a few that it does serve quite well -- and nice trading (based on your TE)

Pursuit, you have 56 trades, all wins, only gbp usd and your max drawdown is 0.2%, can you please share your system? Thats amazing.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,251
  • Sep 20, 2016 5:21pm Sep 20, 2016 5:21pm
Quoting Peruvian80
{quote} And what happened if you fo the martingale thing and lose? do you use another martingale? let me tell you that soon or later you will kill your account if you use a martingale system without a stop.
Well, it's complicated. I discovered that it worked for me in April and May. I just came off a 2 year break from trading so I was trading small amounts so I wasn't emotional about it. First of all, my positions are small enough that I leave myself enough margin to work out of soenthing or add to something. Secondly, you have to wait for another set up that is far enough away from your original entry. This could take a few days or 2 weeks.

I have gotten out of some pretty bad situations just keeping calm and planning a new exit. One was the Turkish coup when I was short USD/TRY. Hahahaha it's not for everyone, but I sure hate taking losses.
  • #1,252
  • Sep 20, 2016 5:41pm Sep 20, 2016 5:41pm
Quoting Peruvian80
{quote} Pursuit, you have 56 trades, all wins, only gbp usd and your max drawdown is 0.2%, can you please share your system? Thats amazing.
thats because that TE is a post-brexit experiment.

i've had runs like these before, not often -- maybe 3-4 (gbpusd, usdjpy, usdsgd) times in the last 10yrs...and i know other traders on these forums that have done similar and also better.

that being said, i don't really have a 'system' -- i trade what i 'feel'. (after studying technical analysis and being an avid reader of political/economic publications for 10yrs, i realize i don't 'know' very much, but i've learned to trust my intuition a lot more -- and definitely manage risk and leverage a lot more.) *you can check out The Intuitive Trader by Robert Koppel

my entry and exit chart is just candlesticks and a colored box for each trading session as per tokyo, london, newyork.

i trade a lot based on the idea that i'm trying to predict the decisions that two 'players' are making (an academic central banker vs. a street smart trader [i watch too many movies ]) -- they want to influence each other, and i want my acct to keep growing so i follow them and change allegiance as they experience both greed and fear.

i can tell you that every chart and tf that i look out, someone else here or on the cable forum has something similar drawn, i don't think i've ever had an 'original idea' that no one else was trading and had drawn a much prettier and convincing chart than mine.

as i've said a few posts before, i'm much more concerned with managing my own soul than i am with whether my analysis is 'right'

i don't know, i hope that answers your question
  • #1,253
  • Sep 20, 2016 6:12pm Sep 20, 2016 6:12pm
Quoting pursuit_21
{quote} thats because that TE is a post-brexit experiment. i've had runs like these before, not often -- maybe 3-4 (gbpusd, usdjpy, usdsgd) times in the last 10yrs...and i know other traders on these forums that have done similar and also better. that being said, i don't really have a 'system' -- i trade what i 'feel'. (after studying technical analysis and being an avid reader of political/economic publications for 10yrs, i realize i don't 'know' very much, but i've learned to trust my intuition a lot more -- and definitely manage risk and leverage...

Well im reading your posts from another years, and you have something interesting there, like open 3 trades, tp in one, move the others two to be, and so on.

i only can see your last 2 months here, but how many account did you blow? or in percentage are you profitable in the last years?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,254
  • Sep 20, 2016 6:19pm Sep 20, 2016 6:19pm
Quoting pursuit_21
{quote} thats because that TE is a post-brexit experiment. i've had runs like these before, not often -- maybe 3-4 (gbpusd, usdjpy, usdsgd) times in the last 10yrs...and i know other traders on these forums that have done similar and also better. that being said, i don't really have a 'system' -- i trade what i 'feel'. (after studying technical analysis and being an avid reader of political/economic publications for 10yrs, i realize i don't 'know' very much, but i've learned to trust my intuition a lot more -- and definitely manage risk and leverage...
Lol Pursuit is being very evasive, or maybe he really just enters on intuition
  • #1,255
  • Sep 20, 2016 7:14pm Sep 20, 2016 7:14pm
Quoting Peruvian80
{quote} Well im reading your posts from another years, and you have something interesting there, like open 3 trades, tp in one, move the others two to be, and so on. i only can see your last 2 months here, but how many account did you blow? or in percentage are you profitable in the last years?
Yup you are correct...that was when I first started drawing the volored squares for trading hours. That experiment ended quite anticlimactically. Experienced a 2000%run up over 6 months....but the leverage was insane for me, maybe 90:1. Ended just 30% overall return after a year.

I've probably blown up 3-4 different experiments in the first 5 years. Last few years its been better risk-wise, return has been lower 10-20% for active periods of 3-4 months at a time. This year I've had a bit more time and inspiration...hopefully this one makes a good run for these two years.
  • #1,256
  • Sep 21, 2016 12:52am Sep 21, 2016 12:52am
Quoting th3b0y
{quote} Volatility is all I want As long as the price moves I get money. the problem for me is when it ranges...
Thats the kind of volatility what i mean, most of the time its predictable. Both side spike, algo close both short/long side at best price it could find. That not the kind of volatility i want.

Being a coward in this game r quite rewarding, at least for me. Obviously not on position size and drawdown wise like always told by all those trading guru.
  • #1,257
  • Sep 21, 2016 1:58am Sep 21, 2016 1:58am
Quoting Koop
{quote} Lol Pursuit is being very evasive, or maybe he really just enters on intuition
Koop, what he do quite similar to me. He reads means he do care about fundamentals. Knowing fundamental enable you to at least predict how much it will go, you might find many s/r leel when entering a trade. If you know fundamental side, its easier setting sl/tp for your trade. I also do trust my intuition, when you ve been trading for so long you ll develop "trader instinct". While most my background revolve around equity, somehow its quite similar here.

Anyway dont trust those analysis by many analysts you found all over the net. If they know how, they ll quit their job like i do. Being analyst not much rewarding, took to much of your time. In my case 14-16hr per working day. I cant even trade back there.
  • #1,258
  • Sep 21, 2016 2:15am Sep 21, 2016 2:15am
Quoting Passerby
{quote} Koop, what he do quite similar to me. He reads means he do care about fundamentals. Knowing fundamental enable you to at least predict how much it will go, you might find many s/r leel when entering a trade. If you know fundamental side, its easier setting sl/tp for your trade. I also do trust my intuition, when you ve been trading for so long you ll develop "trader instinct". While most my background revolve around equity, somehow its quite similar here. Anyway dont trust those analysis by many analysts you found all over the net. If they...

fundamentals are mainly to predict 'noise' from events and data release.

What helps a lot is knowing the priorities or the players. What are hedge funds betting on today? What are flow traders doing with their orders? What does presumed liquidity and volatility say about which TL, which TP, which SL....everyone can draw a chart to justify any view...
  • #1,259
  • Sep 21, 2016 2:47am Sep 21, 2016 2:47am
Quoting Passerby
{quote} Koop, what he do quite similar to me. He reads means he do care about fundamentals. Knowing fundamental enable you to at least predict how much it will go, you might find many s/r leel when entering a trade. If you know fundamental side, its easier setting sl/tp for your trade. I also do trust my intuition, when you ve been trading for so long you ll develop "trader instinct". While most my background revolve around equity, somehow its quite similar here. Anyway dont trust those analysis by many analysts you found all over the net. If they...
 
 
Makes a lot of sense Pass....... Many times I have changed my bias on a particular pair just because a bunch of analysts suggested otherwise..  then all of a sudden it goes where I initially expected...
 
Also, prior to August, I traded purely based on technical analysis... But it was quite destructive because even though price tends to respect some levels on the chart... One has to be aware of the fundamental side to manage positions and observe for when its time to get out ...or get in as the case may be...
  • #1,260
  • Sep 21, 2016 3:51am Sep 21, 2016 3:51am
I notice shifting on gbp, been watching since yesterday. Gbp seems stronger than euro. For me this means if you want to buy hoose gbp, otherwise if you want to short eur seems better. Even if you find long entry on eur, i still will buy gbp. Same thing if i find short on gbp, i ll still short eur.
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