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Stuck in this drawdown trade - what would u do?

  • #21
  • Mar 22, 2017 6:54am Mar 22, 2017 6:54am
Quoting fxmazing
Hey.. I keep getting a lot of good trades in the beginning of the day.. but somehow, I end up getting into a bad trade at the end of the day. I keep looking at the trade in order to wait for price action to go in my favor, or manually close the trade. Thing is.. many times ive been watching the trade for +5,6 hours.. with very little volatility.. and price not going any where. Then Im stuck.. How do you manage a trade like this? (see attached pic). I got in at 18:13... its 02:13 now. Waiting to see if price is going up or down. its on a critical...

It seems that most profitable systems have some kind "time" or "session" element to them. Most of the Forex action goes through the European session, you also need to be aware of the various factors that drive the market, there is a great calendar I use every day on this site.

Also this question for you.... How do you know you have a trading edge? How do you know when you enter a trade that it has a higher that 50% chance of moving in your favour?
I live entirely from the growth of my personal trading account
  • #22
  • Mar 22, 2017 6:57am Mar 22, 2017 6:57am
friends

the forex is a sea of random movements for you and me but for the gurus out there whi has millions it is not a random

so, if you will follow the rules of the gurus you will lose and blow up your account because simply you do no have millions to trade with.

so, think outside of the box, and keep trying ,....

i have found that easily you can make some money form this bad sea --forex i mean - if you work randomly with some sules

yes i am human who will make wrong trades, not always my choices are correct

but how to repair this wrong choice

some traders will say use stoploss

i will say... the stop loss is not for us, this stop loss if you have millions in your account and you do not care to lose some here and there and your expert advisor is working 24/7... but the case with us is the opposite

DO NOT USE STOP LOSS..... IT IS THE TRICK THAT YOUR BROKER WILL HUNT YOUR TRADES.

KEEP THE WRONG TRADES OPEN, MAKE SENSE IN MONEY MANAGEMENT. USE THE COMPOUNDING SYSTEM TO CLOSE THE WRONG TRADES WITH PROFIT FROM THE COMPOUNDED TRADES... AND YOU WILL BE HAPPY

THIS ALL FOR NOW

BYEBYE
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #23
  • Mar 22, 2017 7:08am Mar 22, 2017 7:08am
Quoting guybaker
{quote} It seems that most profitable systems have some kind "time" or "session" element to them. Most of the Forex action goes through the European session, you also need to be aware of the various factors that drive the market, there is a great calendar I use every day on this site. Also this question for you.... How do you know you have a trading edge? How do you know when you enter a trade that it has a higher that 50% chance of moving in your favour?

NO ONE CAN GUESS WHERE IS THE MARKET IS GOING UNTIL THERE IS A CLEAR FUNDAMENTAL NUMBER THAT THE GURUS WILL PUSH THE MARKET TO THIER FAVOR

i have written many articles in the internet about the forex and how the system is totally random till there is a strong number

i will remind you by one case happened before few weeks back

in germany the ind. number was expected to be 0.4 from 0.3 of the prevuiose month, so all the 90% losers as you already read were happy that yea we will buy EUR before the release of the number and the market was moving turtle slow slow to north as the gurus were all out there waiting the hunt of the 90% foolish traders like me ....

yes the gurus are only 10% but they have 18 trillions of dollars to move the market while we the foolish traders have only few trillions , and the boom happened, the number were -3

-3

oh my god

the gurus jumped to hunt the 90% foolish traders and the eur/usd went south like a stone in water in a very fast speed to blow up and close so many trades in seconds due either to margin call or to the stoploss the 90% hunted traders used.

yes it was expected 0.4 and the real number was -3 and the Eur/Usd went more than 3000 points in less than few minutes...

so do not tell me 50% or any other fantasy ideas

this market is not for simple fantasy traders

it is a shark
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #24
  • Mar 22, 2017 7:24am Mar 22, 2017 7:24am
i will show here three pairs have wrong trades that i made with my brother ... for many reason, the market went in some times in our favor and then reversed direction

so what shall we do

cry

or close the trades with loss and try again

or to use the compounding


well

i will cry and at the same time use the compounding system to close the wrong trades with a profit..... this is the strategy

again the RSB points are simple

abc distance is less than 250 points

and here we are, we are having some wrong trades that we will not close ad we expect to win the race

and from our analysis for our trades and for the market as i do not care about the market as it is random, and i do care about my trades only

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 54 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #25
  • Mar 22, 2017 7:29am Mar 22, 2017 7:29am
Quoting Samer1970
{quote} NO ONE CAN GUESS WHERE IS THE MARKET IS GOING UNTIL THERE IS A CLEAR FUNDAMENTAL NUMBER THAT THE GURUS WILL PUSH THE MARKET TO THIER FAVOR i have written many articles in the internet about the forex and how the system is totally random till there is a strong number i will remind you by one case happened before few weeks back in germany the ind. number was expected to be 0.4 from 0.3 of the prevuiose month, so all the 90% losers as you already read were happy that yea we will buy EUR before the release of the number and the market was moving...

It is true that it is primarily the fundamentals that move the market. It is also true that the market (I talk only of Forex here) is mostly random, I have tested it with computer modelling, the chances of the price moving one direction or the other by the same distance is exactly 50% over any timescale. But I know through extensive statistical analysis that is it possible to find small pockets of imbalance in the market and from these pockets it is possible to trade with an edge. I've uploaded this before, but anyway, here it is again, I have a EURUSD Spot market system that trades with equal stop and target (1:1), I included costs for 0.6 pip spread and 1 pip guaranteed stop premium (I trade on IG.com), and roll over charges for trades that run more than one day. Tested back to 2003, forward testing now, win loss ratio 57%.

I also I have a binary options system, live trading since 1 December 2015, win loss ratio 60%, again primarily based upon statistical modelling. See my live results also attached.
Attached File(s)
File Type: pdf Zen.pdf   62 KB | 230 downloads
File Type: pdf Actual.pdf   47 KB | 283 downloads
I live entirely from the growth of my personal trading account
  • #26
  • Mar 22, 2017 7:30am Mar 22, 2017 7:30am
after few minutes from writing the above thread, the market begins to move as per our compounding rule

this is i call it fantasy

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 54 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #27
  • Mar 22, 2017 7:51am Mar 22, 2017 7:51am
Quoting guybaker
{quote} It is true that it is primarily the fundamentals that move the market. It is also true that the market (I talk only of Forex here) is mostly random, I have tested it with computer modelling, the chances of the price moving one direction or the other by the same distance is exactly 50% over any timescale. But I know through extensive statistical analysis that is it possible to find small pockets of imbalance in the market and from these pockets it is possible to trade with an edge. I've uploaded this before, but anyway, here it is again,...
hi

i see your logo under your title is " It's mostly random you know! "

so your logo is contradicting with what you have typed.

statistics for a semi random market will not be real.

through the coin randomly will give you after 100000000 trials the value of approximately 50% to head and tale

and you did the same, you are testing random market from 2003 till now, the readings will reach to 50% approximately...

so, no hard feelings, please, i do respect your studies and i do respect what ever you have done, it might be it is not suiting my trading methodology.

i wish you good luck
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #28
  • Mar 22, 2017 7:58am Mar 22, 2017 7:58am
and now

the 3 pairs are more near to my RSB compounding limit

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 54 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #29
  • Mar 22, 2017 7:59am Mar 22, 2017 7:59am
Quoting Samer1970
{quote} hi i see your logo under your title is " It's mostly random you know! " so your logo is contradicting with what you have typed. statistics for a semi random market will not be real. through the coin randomly will give you after 100000000 trials the value of approximately 50% to head and tale and you did the same, you are testing random market from 2003 till now, the readings will reach to 50% approximately... so, no hard feelings, please, i do respect your studies and i do respect what ever you have done, it might be it is not suiting my...

No contradiction I said "mostly random" and mostly is probably 99% of the time.

No hard feelings, but you are wrong, sorry Since 2003 the results are 57% using my setups on Spot EURUSD and since 2008 and live since 1 December 2015 my setups for the Binary options system have a win rate of 60%.

I have discovered small pockets of imbalance, this is not the same as a coin toss because it involves people and machines programmed by people, the market has memory, a coin toss does not, in a coin toss the probability of heads or tails is exactly 50% (assuming a fair coin) in the market that is not the case, there are points where the probability is skewed one way or the other, if you can find these (which I have) you can trade with an edge.
I live entirely from the growth of my personal trading account
  • #30
  • Mar 22, 2017 8:00am Mar 22, 2017 8:00am
so now i can make sell trade for the EUR/NZD and even if it is wrong, then the compounding will support the deal in the RSB theory.

so, lets rock and roll

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 63 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #31
  • Mar 22, 2017 8:02am Mar 22, 2017 8:02am
now all trades of the eur/usd compounding are closed with perfect choice

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 53 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #32
  • Mar 22, 2017 8:04am Mar 22, 2017 8:04am
the idea here is how to save your nick from wrong trades

here are y eur/usd wrong trades released with profit using the compounding RSB

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #33
  • Mar 22, 2017 8:07am Mar 22, 2017 8:07am
i do not try to brag here, but the thread is about how to run away from a wrong trade if you stuck..

and i am showing here my style of releasing the pressure

yes there might be some negative points in this strategy, as it is VERY AND I REALLY MEAN IT, IT IS VERY RISKY TRADING STRATEGY AND IT IS A SIMPLE WAY TO CLOSE WRONG TRADES, AND THERE ARE MIGHT BE OUT THERE BETTER SOLUTIONS THAN MY RSB IDEA, BUT AT THE END OF THE DAY, IF YOU USED TO ITS CHARACTERISTIC, then your trading wrong deals will be easier to be converted into profits
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #34
  • Mar 22, 2017 8:08am Mar 22, 2017 8:08am
Quoting Samer1970
friends the forex is a sea of random movements for you and me but for the gurus out there whi has millions it is not a random so, if you will follow the rules of the gurus you will lose and blow up your account because simply you do no have millions to trade with. so, think outside of the box, and keep trying ,.... i have found that easily you can make some money form this bad sea --forex i mean - if you work randomly with some sules yes i am human who will make wrong trades, not always my choices are correct but how to repair this wrong choice...
Hello Samer1970,

Could you kindly point out where the Compounding System is explained in more detail.

Thanks
  • #35
  • Mar 22, 2017 8:13am Mar 22, 2017 8:13am
refer back to my threads in touch and not touch threads, in RSB theory
in ssii and ssi threads

i an not recall other threads as i published these ea's many times in many threads, just search the FF and you will see all

i had to close some trades manually because i need to open more trades in other pairs

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 17 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #36
  • Mar 22, 2017 8:37am Mar 22, 2017 8:37am
here again the trade of eur/nzd, the market went against our trade, we had to make compounding, and then we get a profit

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 32 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #37
  • Mar 22, 2017 8:42am Mar 22, 2017 8:42am
the idea of converting a loss trade into a profit trade is simply to think outside the box and do not listen to the gurus who are really the owners of the market and they are the market makers.

use any trading style you like and think how to make your trade in loss to be converted to a trade in profit.

there is an old EA in the MT4 directory called VTR2, actually i am not the writer of this EA, it is the best of the best in the free MT4 directory.

the programmer is really a very clever man

i respect him , he opened my mind to think outside of the box

even most of my Ea's are based on this Ea as it has so many simple and direct ideas.

i do not recommend yo to use it for trading unless you have in your account USD100,000 . but i recommend you to test it in the trial area and this EA will guide you to think in many aspects outside the box.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #38
  • Mar 22, 2017 9:01am Mar 22, 2017 9:01am
Trade with what market shown to us, not what we think the market moves
Risk comes from not knowing what you're doing.
  • #39
  • Mar 22, 2017 9:38am Mar 22, 2017 9:38am
here is the results of the NZD/USD --- all are closed with profit by using the compounding

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #40
  • Mar 22, 2017 9:41am Mar 22, 2017 9:41am
Quoting dragonexpert
Trade with what market shown to us, not what we think the market moves
hi

i agree with you

but do you know where is the market is going.... no you do not and you will not until the market ismoving, then "is shown to us" in the past tense my friend
so it is the past will lead you to the future.

i know you have written here the right words but in wrong thread

if you do not try to predict the future then you will not have fun in trading, then you are just a robot

i do see that you have done 53k in your logo that is great... but are all from the past as what have you written, i do not think so
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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