Thread: My way to highway

Originally Posted by ;

quote If I am not mistaken, PF enter based on grids, therefore as soon as the market is moving in a straight line, it is bad for the machine, but when it retraces 10-20 pips each swing, then PF can escape the terrible trades or even get profit. From the EURCAD trades, he could only get 1 batch from the terrible trades but the remaining trades didnt retrace at all or his setups didnt activate since there was no retracement at all. Or RSI/MA didnt cross. Like I mentioned, it is a trending week. Most of the scalpers will take a hit since scalpers are aiming for...

Gotcha!

Originally Posted by ;

new day, exactly the same outcome. It wasnt payback trading, but still ended up the same, an equity SL. Two months, however, in reality 2 consecutive trading times (discount the day break in between). I feel down. I think it is normal. Some ppl had rely upon me, and some ppl earnt lots of money on my trading, same ppl are very quick to kick me to the reduction, even though the system principles were followed, and nothing out of system was done, include no payback trading. I want time. for myself. To regroup my thoughts, to exchange for myself, and also to focus somewhat on anything else....

Don't let it get you down. I went against my better decision a few times.I became impatient after waiting two weeks to this movement and got torn apart; most of us did. My calls were spot-on, my price-points were put on, my timing for them was repeatedly terrible(early by about a few hours every time) and I am even marginally down on equity today. I wasn't revenge trading but I did put my sizing too large to maneuver once I screwed up my rythm. This is the match we play with. There's always a new day.

Originally Posted by ;

quote If I am not mistaken, PF enter according to grids, therefore when the market is going in a straight line, it is bad for the machine, but if it retraces 10-20 pips per swing, then PF can get out of the terrible transactions or perhaps get profit. From the EURCAD transactions, he could only get 1 batch out of the terrible trades but the rest of the transactions didnt even retrace whatsoever or his setups didnt trigger because there was not any retracement at all. Or RSI/MA didnt cross over. Like I said, it's a trending week. The majority of the scalpers will take a hit because scalpers are aiming for...

The market only ranges 20 percent of the time... I don't even think it is sensible to mention it only tendencies 20%. 80% of those profits come from 20 percent of the transactions. Sunday open will tell us where we are going. With that information the scalpers will be able to make back today's losses. But I suspect we already know.

Originally Posted by ;

I don't know whether I'm in any position to provide you with any hints as I am just starting up on my trip to consistency. But after looking at your past few trades that contributed to your DD I found that you let these places operate up to -70pips and had multiple entries for EURCAD as many as 8% as opposed to the normal -10pips each place I am wondering why you let EURCAD and GJ conducted that far in the red ? Maybe it's a fantastic place to start. In addition, I have embraced a method in which I do not use physical SL but a mental one like yours I feel this...

Um, let explain this little 'misunderstanding' to you: there was never in any form -10 pips involved in my thread.
The just -10 was standing for equity SL, which was kept, as in -10% equity SL.

Originally Posted by ;

quote If I am not mistaken, PF enter according to grids, so as soon as the market is going in a straight line, it's bad for the machine, but if it retraces 10-20 pips each swing, then PF can escape the terrible trades or perhaps get profit. From the EURCAD trades, he could just get one batch out of the terrible trades but the rest of the trades didnt retrace at all or his installments didnt trigger because there was no retracement at all. Or RSI/MA didnt cross. Like I said, it's a trending week. Most of the scalpers will take a hit since scalpers are aiming for...

Close sufficient outline. Actually more trades were off and on as I recall, but before the news on CAD also had to lighten things a few, and indeed the retracements/swings were shallow to take me out.
Compare EC with GC, I think the chart there was kinder. However one can be smart as.

Originally Posted by ;

quote Shake that shit off, houses! Sometimes you are the windshield. . .sometimes the bug! Change nothing. . .you never got to where you are by changing together with the market, you just got shaken by an exclusion... We live our own lives by rules. . .not exceptions! Rock on, brother!! Moving to Cheers 100%! Go Man, GO!

Hey Magic,
Thank you for cheering me up!
I wasn't know you are a reader!
Happy weekend!

Originally Posted by ;

quote Well that sucks. I am certain that the suicide children will be on the parade shortly. 1. Did you follow your rules? 2. Did you correct trading mistakes immediately? If you did , these are also to be expected and losses. Just understand when your machine is intended to take losses. If your system took regular losses then you will be OK.

I went over the trade (a few times) and always came to the decisions:
1. It was a system commerce
2. The system's rules were followed.

So, an unfortunate distribution of trading loss, but I do not see it is a rogue or revenge commerce, or such. As a trade it was valid as any on this trip.

Originally Posted by ;

Hey Magic, Thank you for cheering me up! I was not know you're a reader! Happy weekend!

Kick a ass next week, dude!

Do what you understand how to do!

Originally Posted by ;

quote Um, let clarify this little 'misunderstanding' for you: there was never in any form -10 pips involved on my own thread. The only -10 was standing for equity SL, that was kept, as in -10% equity SL.

By -10pips transactions I supposed that the winners, I scrolled through your list of past transactions and you generally close trades in -10pips or less I've never seen it go beyond -10pips, yes I do know that you place a 10% equity SL maybe it was my writing that you just misunderstood or maybe I'm totally off.

Like I said I'm not in a position to blab on about it all. But I'll be rooting for you recovery !

Originally Posted by ;

quote Don't let it get you down. I went against my better judgement a few times.I became impatient after waiting two weeks for this move and got torn apart; many of us did. My calls were spot-on, my price-points were spot on, my timing for them was terrible(early by about a couple hours every time) and I'm even marginally down on equity now. I was not revenge trading however I did put my sizing. Here is the game we play with. There is always a new day. quote The market just ranges 20 percent... Sunday open...

It had been system trade as far as any might be, not much to do with impatience. At times, usually later portion of the day, specific system attributes can be safely dropped, or omitted, but this trade was not one of those. This was a 'normal', complete criterion met one. Albeit with no ending.

Originally Posted by ;

quote By -10pips transactions I supposed the losers, I scrolled through your list of past transactions and you usually closing trades at -10pips or less I have never seen it go beyond -10pips, yes I do know that you put a 10% equity SL perhaps it was my writing that you simply misunderstood or perhaps I'm completely off. Like I said I'm not in a place all. But I'll be rooting for you retrieval !

That possibly an illusion, coming from the fact that 95% of the time I have winning times, and 90 percent of the times things are smooth sail? ...

Every day can't be profitable, you have numerous sunny days, they will continue today, after couple of rain drops.
It was not train.

Every business experiences its setbacks. Fantastic news is you are still in business

Originally Posted by ;

Every business experiences its setbacks. Great news is you are still in business

of the one, staying forward, I will be sure
as multiple occasions said, it is a journey, has ups and downs, and am/was/will be open that it is neither the only path for me, or the right/only time to really do.

Using a Beckett quote:
barely tried. Ever failed. No issue. Try again. Fail again. Fail better

happy weekend!

Gradually getting into trading my primary account.
On slowly I mean in the moment I am using 1/3rd of the preceding risk.
It seems to be a fantastic idea to perform.
Then it doesnt, when the evening is going smooth as well as this tuned down risk earns 0.2 percent. Suddenly reduced risk is an opportunity wasted to get a chunk of the drawdown back.
but trading isnt a race.
Yet trading is a race.
Inevitable, a few drawdown will be constantly current, luring to hit. The task is to recover to new equity high before that occurs.
The certain way to recover is to trade as normal, with the regular risk involved.
If anybody attempted horseback riding, probably familiar with the word that if one drops the finest is the soonest to get back to the horse. The damage that is least emotional.
I had the luck to be an acceptable rider back approx 2 years, and had my fair share of falling and getting back. Please subscribe to the side the way to do so.
Trading isnt too different, in my mind.
But it is not only pain or injury. . .the feelings are somewhat distinct, and also money is connected, which make it a whole different level.
In my case not mine.
I am still in the progress to form thru the damage the back-to-back drawdown caused. About halfway there to get all, right now it seems that by Wednesday evening I may get the opportunity to speak to all the respective parties and outline for myself where each and everyone stands.
It's important on the going forward.

Because I am -afterall- trading for a living, in the meantime must focus on my other, private account, sort of a damage control task. As february was mostly a vaion month, expenditures kept adding up, not expecting this sort of reduction, purely based on history ( of course as in trading it had been constantly thought about when drawn up worst case scenarios to myself, but this is different component).
So, private account is doing ok, and get thru the drawdown nicely due its versatility that it isnt bound by the exact same rules such as the primary or alloion accounts.
Certain, a few riskier moves, but exceptional times call for a few extraordinary measures.
To make sure, CAD is intense weak, for a few days now, and EurCad may be heading another 100 pips greater. . .who may tell. . .but if anything, it had been climbing approx 1200 pips without too much of a pullback, and I will surely anticipate if not a turn, but a few pause within it.
If one bother to look GJ chart lately, there's a lot of similarity on what we expect to see, only that GJ produced that 200 pips turn already, and EC will probably do soon.
But dont take my thoughts for it, (so I place a chart for this), do your assignments, see your levels, and pick. Btw, such as GJ long had been swap friendly, EC short too on the right side of that equation, always a bonus.

Hmm, lots of reading for those who care to see.
Perhaps I should place those promised final photographs from the shore(es) of the island accepted my friends, should help to cheer up the mood a few?

happy trading!