DislikedLet's be real, tracking PnL matters. But heres the caveat It shouldnt be your only measure of success. Simply because not all winning trades are good, and not all losing trades are bad. When I emailed you the other day, I promised to share three worthy trading metrics (besides PnL) that you can begin measuring right away. So, first up... 1 - Error Trades Error trades can be described as trades you made which didnt fit within your plan, regardless of whether or not you made money. Meaning, did you; trade out of boredom, miss your entry and chase...Ignored
Highest Open / Lowest Open Trade
- #11,222
- Apr 8, 2017 11:18pm Apr 8, 2017 11:18pm
{quote} I don't HOLO trade anymore, but keep coming back to this thread for these great posts. Thanks TS!
I am on vacations but back with the monday
"The essence of Discipline is that there are no exceptions" - Jack Schwager
- #11,224
- Apr 9, 2017 7:58pm Apr 9, 2017 7:58pm
{quote} Why You stopped? I am on vacations but back with the monday
Besides, I moved to futures. I trade naked price action and it's very much clearer on futures than on forex.
Cheers
- #11,228
- Apr 10, 2017 2:14am Apr 10, 2017 2:14am
{quote} My personal limited experience in trading this system, also shows a poor expectancy. Many 1 pip trades, which are all wiped out by trades that hit the Stop Loss. The Stop Loss is far larger than 1 pip gains, so it takes a few loosing trades to nullify your positive efforts. Maybe I am trading this wrongly somehow. Is anyone else using this system having consistent positive results? I have made a serious effort to learn this system and trade it profitably. You may view my live results here: https://www.forexfactory.com/samsha786#acct.79...
a quick look at a couple of your trades quickly tells me you are not following the rules.
I see you have 2 pending orders.....that's not a big problem......except you have to manage them. I see that you have had one trade pending for over 2 hours.
I would have thought that if the trade had not triggered within that hour, you may have looked to delete it. Especially if price is making new Highs/Lows.
And the current trade you have (GBPCHF) on is clearly late IMHO. You should have been on this trade well before price got to your entry level of 1.24949. That's even if it were possible. Depending on your spread, you may have been able to get on a M1 entry, but it would have been very tight. (1 pip with my broker).
So it may very well be the case that you are NOT following the rules......and that is why you are having losses.
Regards
Michael
- #11,232
- Apr 10, 2017 2:53am Apr 10, 2017 2:53am
{quote} Hi Panisko I do enter only on M15. M15 I have found to be more reliable - but still not good enough for me to stay profitable.
just another instance of not following the rules.
You have a pending EURUSD SELL trade with an entry price of 1.0580.
When I look at my chart, I see this as being FRIDAYS LOW.
You trade entry price should ALWAYS be TODAYS HIGHEST/LOWEST H1 OPEN PRICE. Nothing else.
I'm not trying to be a smart ass or anything.....just trying to point out that your trades are not according to the HoLo rules.
Please ask if there is something you don't understand.
Regards
Michael
- #11,236
- Apr 10, 2017 8:41am Apr 10, 2017 8:41am
- Joined Feb 2009 | Status: Illegitimi non carborundum | 3,526 Posts
Drew blood again.
All out. Hit my target while getting coffee for the wife. I set hard targets when I have to leave the PC.
All out. Hit my target while getting coffee for the wife. I set hard targets when I have to leave the PC.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
- #11,240
- Apr 11, 2017 7:40am Apr 11, 2017 7:40am
The markets are in the doldrums...Easter weekend coming maybe? I got some bits-and-pieces this morning but not convinced about anything much this afternoon. Well done those who find something.
lemercenaire which pair do you observe? becouse I am start looking which will be mayby good too.
"The essence of Discipline is that there are no exceptions" - Jack Schwager