Thread: Trend Trading

Originally Posted by ;

Thank you for sharing your method of trading. I trade bar fours on the majors, not simple but from backtesting the previous 3 years of data on mt4 very profitable if you adhere into this machine. I feel that's the secret. As james pinman and 996 stated on jaroos thread there is currently going to be instances where you do everything correctly and you won't make money. That is the way the market works. However, if you stick with your strategy at the end, as james 996 states you'll be profitable. I've tried every other way possible...

Hi MJ, I'm happy you found something that works for you. You noticed that the knob to turn to control drawdowns is trade position size As you've already been doing so for a while now. There are lots of little things that can marginally help, but nothing works like controlling position size. If you reduce your trade size by 1/2 you decrease your drawdowns by 1/2, then all other things being equal. I do not attempt to force huge wins out of little market moves with positions. I wait patiently at the grass generally and sometimes for months for a large market move to happen, then pounce with my little position size pyramiding system. Of course, reducing position dimensions reduces profits therefore there's a balance there, but I'm generally risk adverse so I'd like to become rich gradually rather than go quickly. Great to hear from you. Thanks for the article! - G

Last night I got a gift while I slept. I entered with a 3 to 1 benefit to risk ratio and the TP was struck on by it this morning before I woke up. I might say I was blessed, but there's nothing lucky about intentionally picking a 3 to 1 benefit to risk ratio that will cover. Luck is when preparation meets opportunity, as they state. For those who like colours, here's a chart of a two commerce EU brief I've running. As usual, the second commerce on the pile (the one on underside for this short) is 60 percent of the base transaction. Any comments, discussion? - G

This GCad short is the gift that keeps giving. Running a three trade pile on it. 2nd trade is 60% of first. Commerce is 30 percent of first. Only letting profits run. please don't hesitate to pitch in remarks, tips, questions, complaints, this is a discussion thread? Lunchtime! - G

Originally Posted by ;

This GCad brief is the gift that keeps on giving. Currently running a three trade pile on it. Trade is 60 percent of first. Trade is 30% of first. Only letting profits run. This is a discussion thread so please don't hesitate to pitch in remarks, suggestions, questions, complaints? Lunchtime! - G picture

Beautiful G. Best, AG

Originally Posted by ;

quote Beautiful G. Best, AG

Due AG, here is another live 3 piled trade, AJ short. Same stuff, different pair. Hoping to ride a little further shortly win to cover all previous losses and leave some profit. We'll see:

Originally Posted by ;

I could say I was lucky, but there's nothing fortunate about purposefully choosing a 3 to 1 benefit to risk ratio which can cover all last weeks reductions.... Any comments, discussion? - G image

Opinions? Sure. .

So that you made many trades last weeks (I assume from your description), however you generated reduction for this week. Then you waited half of the week (presumably making more losses or break even trades as your method would do), till this ONE, savior trade managed to bail you out from your long string on losses.

If yes, than indeed you were lucky to maintain temporary more explosive market. You would have this week losses and in the event the current interval would be chopping quater or 2, then many weeks longer.

Is that fair description?

Here is a chart to visualize how your method aligns with the market:

Hey G can you come upon your method? Can you back test all 28 pairs or decide on your method of trading and ahead test?

Fair?

Quote=tyrakay;11623663]quote... So you made many trades past weeks (I presume from your description), but you generated reduction for this week. Then you waited half of this week (presumably making more losses or break even trades as your method would do), till this ONE, savior trade managed to bail you out from your long run on losses. If so, than indeed you were blessed to be in more explosive market. Otherwise, you would have this week losses and in the event the current interval would be chopping quater or 2, then many months more. Is that fair description? [/quote]

Honest? I'm not concerned about honest. Honest is something my kids are taken by me to for cotton candy and carnival rides. Of course, if we leave out AJ the trades, EU and GCad short, the remaining trades are losers. If I had my pick, I would leave the losers out, but we do not get that decision. If I had traded during periods when my system said not to, I would have had likely needed winners to overcome losers, and no advantage, no way to exploit. - G

Originally Posted by ;

quote=;11623663]quote... So you made many trades past weeks (I presume from your description), but you generated loss for this week. Then you waited half of the week (presumably making more losses or break even trades as your strategy would do), until this ONE, savior trade was able to bail you from your long string on losses. If so, than indeed you were blessed to maintain temporary market. Otherwise, you'd have this week additionally losses and if the current interval would be chopping quater or 2, then perhaps many weeks longer....

I did not realized you are after confirmation comments. Here we are: you did well, pat yourself on the back, good luck