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I have seen your PL in the PL thread and I think you are a systematic trader. Yes, in your world it makes sense, as the law of large numbers and uncorrelated well designed strategies will result into peaked return distributions with small 2nd, 3rd and higher moments. However, the way Neke...

Good Luck! Why not eliminate LC completely ?? Have you thought about this - to somehow eliminate 320 trades of LC and in there place just increase 20 trades in MC and 5 trades in HC. Your DD will improve dramatically and overall PF will be solid.

Your argument is sound, but I will be careful with this line of thought, given fed's printing. If dollar fells 30% over next 3 yrs and Fed keeps doing QE, S&P might very well be at 2000. Depends on govt intervention. China hard-landing, Europe exploding etc. yes agree we go back to 1000.

I didn't expect a straight down - myself took no trades today in ES.

Ammo, how will you trade, once we cross the all time high of S&Ps, in the sense that there won't be any previous market profile to watch at that point. Curious about your thoughts. Can you give some example from history, when you faced such a situation.

Hard day, I see. Tomorrow will be a new day. So time for Mojitos :)

Remember, this is just one trade, one outcome of 1000s of trades he has done over last 20 years. Only ammo can tell this - but wild guessing, i think his r:r won't be worse than 2:1, and if his win% > 75%, well he has a solid system then! I won't say different folks - different ways to...

95.5, he wrote it in the original post....read it again.

Great illustration of averaging working Ammo. On swing trades, I average 2-3 layers in FX and have a good win-rate with averaging. Very interesting to see you doing 7 layers of averaging. Thanks for the tutorial! Total points 21.75, averaging by 4, total net points 5.5 points roughly. On 40...

Agreed but for one point where I very strongly disagree - it is not a 'lousy edge' at all. Rather, I would say its a very strong 'mental edge'. Someone who has been at this game for 10 years and making consistently 200k+ every year till say 2009 or so, and now finding markets much changed and...

1. LOL - definitely not 100 lots :) I trade 50k-100k positions per trade. What I mean is that I average 50 round turns per day. 2. I have Multicharts, I use excel for data analysis. I enter orders through IB TWS. So, I am happy with my toolkit at the moment. Though in future, I might...

Thanks naka for your comment. I posted screenshot of my setup last week and I hope you had a look at it. You ask in very nice way and I want to be careful that I don't offend you with my reply. I am afraid - it won't be possible for me to depict exact trades on my screen. Let me explain so that...

As I said, I would be starting a fresh journal in 2-3 weeks, reflecting my new aims. I will write the details later (maybe 1-2 weeks down the line). This new journal will be very different from the current journal as far as the aims are concerned. I have a question for readers of this...

Update for week 24 ending Jan 13, 2012 : -400$ for the week. Would have been up +100 USD for the week, had I not traded ES. So, same story repeats itself again. Also missed short Euro trade by probably 4-5 pips before the Euro sovereign downgrade rumor started (as I walked away from my...

Around 1-2 month ago, there was some mention of Nodoji - and I asked who he was - if a well known profitable trader. It was pointed out to me that he was a 'she' and a regular poster at ET, who also has a tweeter account. Now it is clear, that the person posting on tweeter is not our ET Nodoji...

Thats useful. Thanks CrazyA

Finally - French rating cut to AA+ from AAA by S&P. Euro off by 25 pips on the news, but there is no more downside momentum ....but then its Friday night French outlook negative - that sounds cool! Spain cut to A - two notches Finland maintained AAA with negative outlook Italy BBB+ ...

Goes on to show you are a mere mortal human being :) Jokes aside, frankly I am a bit (relieved) to see you having a losing week. I know I once had an amazing winning streak on 1 trade per day - daily directional view on Euro and I went on correct for something like 16/18 out of 16/18 days...

They completed the half gap fill but after the 4pm close :) So, a french downgrade doesnt mean anything :) at least for today. Now if next week - whole of europe keep going down 4 days out of 5 (remember US mkt behaviour post S&P downgrade), US markets will again go down due to...

yday 4 pm close was 1290.75, 415 close was 1292 Depending on which one you take, half gap fill comes out to be 1286.75 and 1286.25. So a safer target for a long here would be 1286 or maybe even 1285.75