In trading, you have to be defensive and aggressive at the same time
{quote} Hi T I recommend when market opens to close this trade even if little profit or have trailing stop or watch closely. BOC rate decision on weds and USD may bounce beginning of the week.Overall scheme of things UC is already at the bottom range so you really don't have great edge anymore. cheers
Many thanks 
I closed that trade as soon as market open
I know one thing, that I know nothing - Socrates
- #6,046
- Jan 14, 2017 2:27pm Jan 14, 2017 2:27pm
Closed this week :
-> on nice profits thanks to GU( more than 300 pips).
-> have also earned some points in AJ as it keeps bouncing between resistance.
-> 60 pips on UC
-> EA DD of 800 pips but i'm at half entries so i have bullets still waiting to fire.
-> AJ DD of 100 pips.
-> GU got an entry later at 1.2160 and fixing a long term 1.2600 but can exit any moment as there is too much troubling news on it, so it's not really careful to trade it.
Have a good week-end everyone, and again thanks Davit for the topic.
My account curve since the beginning of the month :
-> on nice profits thanks to GU( more than 300 pips).
-> have also earned some points in AJ as it keeps bouncing between resistance.
-> 60 pips on UC
-> EA DD of 800 pips but i'm at half entries so i have bullets still waiting to fire.
-> AJ DD of 100 pips.
-> GU got an entry later at 1.2160 and fixing a long term 1.2600 but can exit any moment as there is too much troubling news on it, so it's not really careful to trade it.
Have a good week-end everyone, and again thanks Davit for the topic.
My account curve since the beginning of the month :
"Letting losses run is the most serious mistake made by most investors."W.O
- #6,047
- Jan 14, 2017 10:09pm Jan 14, 2017 10:09pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,048
- Jan 14, 2017 10:11pm Jan 14, 2017 10:11pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Okay Davit
you don't have to close it because I said so just watch PA before closing.Market can continue selling USD until Trump's inauguration.
In trading, you have to be defensive and aggressive at the same time
- #6,049
- Jan 14, 2017 10:12pm Jan 14, 2017 10:12pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
My results of the week from 9 - 13 January Pivot23.PNG;2140390 {image}
good job
In trading, you have to be defensive and aggressive at the same time
- #6,050
- Jan 14, 2017 10:15pm Jan 14, 2017 10:15pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
Closed this week : -> on nice profits thanks to GU( more than 300 pips). -> have also earned some points in AJ as it keeps bouncing between resistance. -> 60 pips on UC -> EA DD of 800 pips but i'm at half entries so i have bullets still waiting to fire. -> AJ DD of 100 pips. -> GU got an entry later at 1.2160 and fixing a long term 1.2600 but can exit any moment as there is too much troubling news on it, so it's not really careful to trade it. Have a good week-end everyone, and again thanks Davit for the topic. My account curve since the beginning...
In trading, you have to be defensive and aggressive at the same time
{quote} Hi T you don't have to close it because I said so just watch PA before closing.Market can continue selling USD until Trump's inauguration.
Thanks Davit
I know one thing, that I know nothing - Socrates
- #6,054
- Jan 15, 2017 8:44am Jan 15, 2017 8:44am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,055
- Jan 15, 2017 8:47am Jan 15, 2017 8:47am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #6,056
- Edited 9:34am Jan 15, 2017 9:19am | Edited 9:34am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
google and download all Market Wizards books by Jack D. Schwager
He interviewed dozens of top traders and their insights I emulated in my trading as much as I could.
Example from Hedge Fund Market Wizards
"Your message then is that although traders focus almost entirely on where to enter a trade, in reality, the entry size is more important
than the entry price because if the size is right, you are much more likely to stay with a winning trade.
One of the first lessons my first boss taught me was that price is irrelevant; it is all about controlling the size of your position. On a related point,
liquidity is also very important. That is why when a merger deal breaks, we cut it straight away because you get a pocket of liquidity. It may be
at a much lower level, but at least you have the liquidity. If you wait, the liquidity can dry up, and you will be left with an outsized position in what
has become a directional trade."
and more gems
"Trade Within Your Comfort Zone
If a position is too large, the trader will be prone to exit good trades on inconsequential corrections because fear will dominate the decision
process. As Clark advises, you have to “trade within your emotional capacity.” Similarly, Vidich warns, “Limit your size in any position so that fear
does not become the prevailing instinct guiding your judgment.” In this sense, a smaller net exposure may actually yield better returns, even if the
market ultimately moves in the favorable direction. For example, Taylor came into 2008 with a large net long exposure in high beta stocks in an
increasingly risky market. Uncomfortable with the level of his exposure, Taylor sharply reduced his positions in early January. When the market
subsequently plunged later in the month, he was well positioned to increase his long exposure. Had Taylor remained heavily net long, he might
instead have been forced to sell into the market weakness to reduce risk, thereby missing out in fully participating in the subsequent rebound."
From this thread recently posted.
How relevant is that?
Hopefully you guys see my inspiration are wide from math to art and trading experts.What I share here on this thread is pure gold and I am saying this without ego.I banned many traders from here and some even good ones like Rocky who could not follow instruction and that's the key to follow set of philosophy method that works and perfect it.Once you are fluid and profitable then you can tinker to suits your needs but until then master what is shared here.You can't break rules that you don't understand to begin with.
Cheers
He interviewed dozens of top traders and their insights I emulated in my trading as much as I could.
Example from Hedge Fund Market Wizards
"Your message then is that although traders focus almost entirely on where to enter a trade, in reality, the entry size is more important
than the entry price because if the size is right, you are much more likely to stay with a winning trade.
One of the first lessons my first boss taught me was that price is irrelevant; it is all about controlling the size of your position. On a related point,
liquidity is also very important. That is why when a merger deal breaks, we cut it straight away because you get a pocket of liquidity. It may be
at a much lower level, but at least you have the liquidity. If you wait, the liquidity can dry up, and you will be left with an outsized position in what
has become a directional trade."
and more gems
"Trade Within Your Comfort Zone
If a position is too large, the trader will be prone to exit good trades on inconsequential corrections because fear will dominate the decision
process. As Clark advises, you have to “trade within your emotional capacity.” Similarly, Vidich warns, “Limit your size in any position so that fear
does not become the prevailing instinct guiding your judgment.” In this sense, a smaller net exposure may actually yield better returns, even if the
market ultimately moves in the favorable direction. For example, Taylor came into 2008 with a large net long exposure in high beta stocks in an
increasingly risky market. Uncomfortable with the level of his exposure, Taylor sharply reduced his positions in early January. When the market
subsequently plunged later in the month, he was well positioned to increase his long exposure. Had Taylor remained heavily net long, he might
instead have been forced to sell into the market weakness to reduce risk, thereby missing out in fully participating in the subsequent rebound."
From this thread recently posted.
{quote} Davit did you close ea positions or are you still managing them? I hold the positions but i am afraid
Hopefully you guys see my inspiration are wide from math to art and trading experts.What I share here on this thread is pure gold and I am saying this without ego.I banned many traders from here and some even good ones like Rocky who could not follow instruction and that's the key to follow set of philosophy method that works and perfect it.Once you are fluid and profitable then you can tinker to suits your needs but until then master what is shared here.You can't break rules that you don't understand to begin with.
Cheers
In trading, you have to be defensive and aggressive at the same time
- #6,058
- Jan 15, 2017 10:02am Jan 15, 2017 10:02am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
