Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Totally, lost the ability to trade, I consider ever pull back with trend as a trend change and don't take and watch it move with trend again 
Need to do confidence in method excersize I guess :-
Today DAX 100pt downtrend, various entries with trend none lost, direction change, up, could spot the direction change down, working beyond great, method approved for DAX!!!!
GU ( G holiday so ? ), not as easy but working, needs brain switched on mind.
EU great all am, very good perforance, few direction changes, nicee!!
UJ pulling, it's useless, has been for a few days sadly
GJ testing well, but spread is HUGE nearly 2x's so doubt I'll ever trade it.
AudUsd trades well , but moves are small so no
USDCAD like AU!!
USDCHF Same.!!!
So every day, quick over view if Market worked then odds are work next day so use regardless with less fear, DAX and EU main interest for tomorrow!! Followed by UJ then GU!!
Try to adapt, what I trade better to market conditions, so I don't have a few bad days, trading a market that's sucking then scrap an restart from scratch
Method Locked at :-
MAE 7sma 0.02%
MAE 14sma 0.04%
MAE 30sma 0.05%
Simples!!
Need to do confidence in method excersize I guess :-
Today DAX 100pt downtrend, various entries with trend none lost, direction change, up, could spot the direction change down, working beyond great, method approved for DAX!!!!
GU ( G holiday so ? ), not as easy but working, needs brain switched on mind.
EU great all am, very good perforance, few direction changes, nicee!!
UJ pulling, it's useless, has been for a few days sadly
GJ testing well, but spread is HUGE nearly 2x's so doubt I'll ever trade it.
AudUsd trades well , but moves are small so no
USDCAD like AU!!
USDCHF Same.!!!
So every day, quick over view if Market worked then odds are work next day so use regardless with less fear, DAX and EU main interest for tomorrow!! Followed by UJ then GU!!
Try to adapt, what I trade better to market conditions, so I don't have a few bad days, trading a market that's sucking then scrap an restart from scratch
Method Locked at :-
MAE 7sma 0.02%
MAE 14sma 0.04%
MAE 30sma 0.05%
Simples!!
Got a working method 90% win rate currently this month sure it'll drop to 80% with more trades.
2 losers average $6.30
22 profits average $18.63
Only +$397 +20% on the month, so not enough to live off but.....
Only traded :-
10th +$62
16th +$102
18th +$109
24th +$13
today +$109
Not bad considering approx 1hour per day, time to start taking trading seriously, got bugger all work on, so hopefully start getting my support deal till next year, allowing me to focus on trading, bumping up the account, making up for the short fall!!
I need more experience of handling losing situations, taking trades worries me too much as not likely to kill a loser in a timely manner.
End of month next 2 days, then next week start upping trading time, then lot size then retire
It needs doing, running out of options!!
Need to cut back on PAIN IN THE ASS WOMAN aswell, sexist of me to run around helping them, there equals they don't need that LOL
2 losers average $6.30
22 profits average $18.63
Only +$397 +20% on the month, so not enough to live off but.....
Only traded :-
10th +$62
16th +$102
18th +$109
24th +$13
today +$109
Not bad considering approx 1hour per day, time to start taking trading seriously, got bugger all work on, so hopefully start getting my support deal till next year, allowing me to focus on trading, bumping up the account, making up for the short fall!!
I need more experience of handling losing situations, taking trades worries me too much as not likely to kill a loser in a timely manner.
End of month next 2 days, then next week start upping trading time, then lot size then retire
It needs doing, running out of options!!
Need to cut back on PAIN IN THE ASS WOMAN aswell, sexist of me to run around helping them, there equals they don't need that LOL
Not bad indeed! What's the R:R, here? Is there any danger of the 20% of losers (if the win-rate falls to 80%, over time, as you suspect) wiping out the profits? If not, they're undeniably impressive figures ...
Equals, or even superiors, possibly?
Not bad indeed! What's the R:R, here? Is there any danger of the 20% of losers (if the win-rate falls to 80%, over time, as you suspect) wiping out the profits? If not, they're undeniably impressive figures ...
Equals, or even superiors, possibly?
Thanks, it's taken a LONG LONG time to get this far, 15years maybe since moving to forex!!
At 80% win rate is still more than enough to be nicely profitable, but it's the 1 off, news spikes that scarey me, I was up $600 last month, held over news which I never do and bang 1 trade cost me all my profits in 4seconds literally!!
Need to make more per trade to cover the bad spikes against, there is room.
Superior totally, they get me running around like a faithful dog for nothing in return, I'm the dumbass here totally!!
I worry about your position sizing relative to your account size (in so far as I can, without knowing what either of them is, you understand) ...
No no No no, never not me, I'm sensible only 200:1 account likely riding it to 150:1 LOL
I always have and will run it high, only way I can make enough to get growth, I'll back it off, when account hits 10K, I'd cry if I blew my account but it's kinda expendible money so not a great worry.