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Attachments: 50 to 22000 in one week
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50 to 22000 in one week

  • #2,381
  • Sep 29, 2016 3:27am Sep 29, 2016 3:27am
Quoting HeyYou
{quote} I have spent lot of time backtesting various approaches, from scalping to long term. swing trading has the best potential so I would call myself a swing trader.. of course you're free to believe in whatever you want, in fact that was my opinion not the "absolute truth".

No, you said it was a *fact*: "Fact is that making money scalping is impossible in the long run... excuse me if I made optimistic comments, I didn't mean to deceive you. I have been researching these days and I can confirm that once and for all.'

So which is it?....a fact or an opinion?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,382
  • Sep 29, 2016 3:30am Sep 29, 2016 3:30am
Quoting HeyYou
{quote} I have spent lot of time backtesting various approaches, from scalping to long term. swing trading has the best potential so I would call myself a swing trader.. of course you're free to believe in whatever you want, in fact that was my opinion not the "absolute truth".
Ok. You are a swing trader.
Scalping is not for you.
For bagXpert is scalping/intraday.
  • #2,383
  • Sep 29, 2016 3:34am Sep 29, 2016 3:34am
Quoting realjumper
{quote} No, you said it was a *fact*: "Fact is that making money scalping is impossible in the long run... excuse me if I made optimistic comments, I didn't mean to deceive you. I have been researching these days and I can confirm that once and for all.' So which is it?....a fact or an opinion?

there could be something I'm missing.. but I made my conclusion. Ok I should have said "impossible for me", thought it was obvious.
  • #2,384
  • Sep 29, 2016 3:38am Sep 29, 2016 3:38am
Quoting HeyYou
{quote} there could be something I'm missing.. but I made my conclusion. Ok I should have said "impossible for me", thought it was obvious.

No it wasn't obvious, that's why I asked the question. Thanks for clarifying
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,385
  • Sep 29, 2016 3:45am Sep 29, 2016 3:45am
Quoting realjumper
{quote} No it wasn't obvious, that's why I asked the question. Thanks for clarifying
I'm tired of putting "IMO's" in each statement I make. that's it.
  • #2,386
  • Sep 29, 2016 3:47am Sep 29, 2016 3:47am
Down we go again , just giving you the heads up Bagx so you can add to you losing longs. Lol
Follow The Markets Structure - Patience and Discipline
  • #2,387
  • Sep 29, 2016 3:48am Sep 29, 2016 3:48am
Quoting openyoureyes
{quote} he will fail in averaging/sideways market days. he can only profit in trending days. (needs breakouts) not hard to see or guess...
This is an absolute truth.
  • #2,388
  • Sep 29, 2016 4:29am Sep 29, 2016 4:29am
He got destroyed again as expected.
  • #2,389
  • Sep 29, 2016 4:30am Sep 29, 2016 4:30am
4500 in profit and then 0 !!

You are doing wrong Bag !
  • #2,390
  • Sep 29, 2016 4:37am Sep 29, 2016 4:37am
Quoting OnlineAddict
{quote} Its called the blindfold system. You close your eyes and hit buy or sell, whatever you pick and then if the price goes against you, you keep adding to the losing trade until profit or margin call. I don't think it can be programmed, its a highly sofisticated manual system.
Its called martingale.. It can be programmed! It fact if your search "martingale" you will find many..

Profitability of those robots: -1000000000000%

That was my honest assessment years ago..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #2,391
  • Sep 29, 2016 4:40am Sep 29, 2016 4:40am
Quoting HeyYou
{quote} This is an absolute truth.
He will win only if he guesses the direction right. In the past hour DAX went south for about 80 pips.
  • #2,392
  • Sep 29, 2016 4:44am Sep 29, 2016 4:44am
Quoting openyoureyes
{quote} he will fail in averaging/sideways market days. he can only profit in trending days. (needs breakouts) not hard to see or guess...

Actually his martingale strategy, as I see it from the illustration chart above provided by the emmanuel7788, only works fine with sideways and deep retracing markets..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #2,393
  • Sep 29, 2016 4:59am Sep 29, 2016 4:59am
Was Bag up 500% this morning?

sorry guys I am in and out quickly.....
trading is simple but is simple is not easy.
  • #2,394
  • Sep 29, 2016 5:03am Sep 29, 2016 5:03am
Best thing would be to follow the trend instead of trying to catch tops/bottoms as he did in his last trades.
  • #2,395
  • Sep 29, 2016 5:08am Sep 29, 2016 5:08am
common Bag, you can do it, at least you got guts showing your trades..

Let the others talk...they are good at it.....yes talking...
trading is simple but is simple is not easy.
  • #2,396
  • Sep 29, 2016 5:10am Sep 29, 2016 5:10am
I think some of you are reading far too much into this. The system that bagXpert uses is not that bad per se, there's just a small problem that he could fix, IMO!

Looking at his TE I can see that he has a Win rate of 57%. That rate won't set the world on fire, but it's on the right side of the ledger. Money can be made with that win rate.

The problem is here:

Avg Winning Trade: 36.8% (392)
Vs
Avg Losing Trade: -39.3% (-433)

Simply...the losses are larger than the wins.

He could, again IMO, either employ a SL at a more suitable place, or just not let the losers run so far.

No matter the system, if the losers are allowed to run further than the winners, mister margin call will pay him a visit.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #2,397
  • Sep 29, 2016 5:10am Sep 29, 2016 5:10am
I'm having an "eureka" moment ...
  • #2,398
  • Sep 29, 2016 5:11am Sep 29, 2016 5:11am
Its gonna be a wipe out today or maybe tomorrow
Follow The Markets Structure - Patience and Discipline
  • #2,399
  • Sep 29, 2016 5:22am Sep 29, 2016 5:22am
Quoting realjumper
I think some of you are reading far too much into this. The system that bagXpert uses is not that bad per se, there's just a small problem that he could fix, IMO! Looking at his TE I can see that he has a Win rate of 57%. That rate won't set the world on fire, but it's on the right side of the ledger. Money can be made with that win rate. The problem is here: Avg Winning Trade: 36.8% (392) Vs Avg Losing Trade: -39.3% (-433) Simply...the losses are larger than the wins. He could, again IMO, either employ a SL at a more suitable place, or just not...
True.

But winners do not have to be necessary bigger than losses if he lifts his winning rates.....

I think Bag has a decent idea on how to develop him own money management, his skills lacks a bit in technicality.

It seems to me his does not gain a good prospect of the real market conditions before he enters the market....

If he sharpens that aspect I think he can do a lot better. Still he is a better trader than many, he does not talk, he trades.
trading is simple but is simple is not easy.
  • #2,400
  • Sep 29, 2016 5:37am Sep 29, 2016 5:37am
Quoting realjumper
I think some of you are reading far too much into this. The system that bagXpert uses is not that bad per se, there's just a small problem that he could fix, IMO! Looking at his TE I can see that he has a Win rate of 57%. That rate won't set the world on fire, but it's on the right side of the ledger. Money can be made with that win rate. The problem is here: Avg Winning Trade: 36.8% (392) Vs Avg Losing Trade: -39.3% (-433) Simply...the losses are larger than the wins. He could, again IMO, either employ a SL at a more suitable place, or just not...
You are right about winning and losing but look at his trades; he win 4500 in one trade and he did not close that, so there is nothing wrong with his method but unfortunately he want to win 1000% in one trade !! it's wrong ! you can save 3* 300% in 3 trade not in one !
When trade is in a big profit, so he must close it and catch the pips and then re-enter in a better position.

There is some mental problem in saving the pips and money with bags I think !
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