Elite Trader's Gambler's Anonymous ETGA

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Today's Trades (Tuesday)

I increased minutes/day from 6 minutes to 15 minutes a day.

With all this extra trading recently I had to do this...

I was able to reduce the large line item positions down to just one position (see screenshot in next post).

I reduced the Ideal Proportion slightly.

Yield went up to a projected 49% APR ! and Average Prices are hugging the Current prices rather nicely!

Michael B.
 

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Orders Tab Screenshot (Tuesday)

For those of you wondering..... those limit orders just sit there at the extremes where they left off weeks ago! Note they use a "base 1000" proportion (this means that 1000 units is entered into the spreadsheet at the AUD/JPY column "P" on a blank line to calculate the "average in" proportions for the other two pair (then the appropriate limit orders are entered)...Perhaps I need to think about this and reenter them at a new price when there is a lot of trading and adjustments...haven't decided yet! They seem to mark where a breakout might occur at their extreme support and resistance positions...kinda' like a "mini-grid" in the making lol

Michael B.

P.S. Remember to update your limit orders on the trade ticket to be good for 1 month or they will drop off after one week.
 

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Today's Trades (Wednesday)

Lots of trading and finally got rid of that large last line item position. Everything is 1k units or under.

I cancelled the limit orders that were waiting for entry. I am thinking about setting them at support or resistance for the expected average down to present itself...

Yield at a projected 57%...wow...Great way to end this 30 day stint!

You know folks, all this trading and chasing around the price is just temporary. All this clicking of buttons and the balancing of trades will end soon and the business of carry trading will resume.

Michael B.

P.S. The next 30 days will most likely give a test of this system...my concern is the gambling meter is not turned down enough.
 

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You will see some more trading today and some more "higher than normal" spreadsheet entries. The new 30 day period starts today and the spreadsheet indicates that with a bold horizontal line under yesterday's row.

Being that this methodology is for "yield traders" and demonstrates "not gambling" tendencies, nothing will change in the system. Actually a small "dialing down" of proportions will be considered, because of the recent profits.

Do you see how to think? Many novices might view profits as an opportunity to step up there exposure, when in reality this methodology uses the profits to further turn down the "gambling meter"...

Time should be on your side.

Michael B.

Now I will ask yet again, Can you see yet? why trading can blow in the direction guided by the "not gambling" trade winds?

 
If one of you would consider changing your vote to "not gambling" in that poll mentioned here in the opening thread, if you voted "the other way", I would be greatful. Please post here or in the poll thread and let me know that I convinced you.

I will continue to post System #2 (Cash & Carry) into the next 30 days(and I believe you will see harder times and less trading and more carry). I am waiting for one of you to admit that you changed your vote and I convinced you...

The "Not Gambling" side of the table also has many different players joining it. These players are different from each other. For example you have:
  • defensive players
  • gamblers
  • signal service players
  • newsletter players
  • online players
  • retail players
  • automated players
  • neuro players
  • contrarian players
  • chartist players
  • TA players
  • managed money players
  • corporate players
  • indicator players
  • Wave, Fibonnacci, Pivot Point, camarilla, murray math and various level players
  • Fractal players
  • system players
  • discretionary players
  • fundemental players
  • banks and institutional players
  • governments
  • Market moving, manipulative players
  • speculators
  • hedgers
  • long term players
  • carry players

The "not gambling" player are none of these (but pieces of some of these are in the "make up" of the "not gambling" player).

Michael B.
 
Today's Trades (Thursday)


Electric is busy, and asked me if I could update the spreadsheet and post for him today. He apologizes in advance (I want to be paid today's labor charge to the system, he needs more money in this system to make it worthwhile for me to spend my time).

Wifey
 

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I think I did this correct. There was $24.07 to be transferred. I am looking at the top menu bar of the platform to find the transfer choice...oh I found it ( I finally found it with Account, then a transfer funds choice was in the dropdown).

Oh my Gawd...Which account does he want this transferred to? I think its the one named Cash...Electric, I am going to kill you! (the numbers seem to match its ok! I think I did it correctly).

The "Gambling Meter" turned up in the spreadsheet, even though I transferred cash...I don't get it...I think that "Gambling Meter" might be signalling tough days to come...it may be an indicator in itself..

Wifey

P.S. Electric is gone on some mysterious mission. I never know what is next...Could I be getting a call from the Police?...or could he be pulling in our driveway with my new Hummer? I never know with Electric, you would not belive the stories I have to tell you guys...
 
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