Thread: How I found what works for me

Hi Ian - good that you found something which suits you personally.

As you may recall, I have always maintained that as we all see the charts otherwise, we all must learn what really works for us - this might only be a slight variation on an present methodology or something much more radical.

Either way, You Need to work it out for yourself...

Regards

Issy

Thank you Ian,

My FS results been very similar to yours. I have been using risk parameters and handling my exits as the orders for every pair. A lot of months I may be from the trades a little sooner than most, but it is what I am comfortable with.

Originally Posted by ;

Thanks Ian,

My FS results been very similar to yours. I've been using risk parameters and managing my own exits as the weekly P/A dictates for every pair. A lot of weeks I might be from the trades a little sooner than most, but it is what I'm comfy with.

Hello Bill,
Good to this you're also doing well.
I think that these are fantastic results considering the amount of work demanded. It's a shame that they won't last like that. The market will change and become less explosive, which is why I haven't added A/U into my currency list.
What I am now doing, because I can't increase my size gradually, is to gradually double up pair by pair starting with the most profitable ones. I've traded at 2x for G/J and and I think next week, I shall also do this on E/J.

Ian

Originally Posted by ;

Hi Ian - great that you have now found something which suits you personally.

as you might remember, I have always promised that as we all see the charts otherwise, we all must learn what actually works for us - this may only be a small variation on an current methodology or something more revolutionary.

Either way, you have to work it out for yourself...

Regards

Issy

Thanks Issy,
I'm honoured that you have visited.
It was your sig back in April or May that directed me to Perte Crowns and so to Joel Rensink.
I understand that your design is off much briefer TFs, but can you trade DIBS or any of Joel's systems?

Ian

Glad to see you've settled into a trading method.... I have been after FSP systems as well, and one, ONS and Joel's FS I have grown and am still fine tuning.
I also created a dictionary for the FSP.... If you'd like it let me know and I'll send it .

This was a good read for me. I believe I am on the journey. Got began in June, attempted a lot of different systems at infant pips (cowabunga, supreme candlestick procedure, ect ect), stumbled across the other technical templates ribbon and actually liked what I read, then paid for James's IB live trading area for a single month, then went back to the att thread that intrigued me much more, so I hunted'naked trading' on google and found FTI's thread.

Spent the majority of my time with's teachings, but it is too dangerous for me in the moment, and so I started trying a lot of different systems I found here on FF again (thv's, ccdudes, ect ect). Really liked phsilog's stations he pulled on the chart, so began using those, and one by the indiors are cleared off my chart now except for stations and points. Traded stations with daily pivots and IB felt the most comfortable and triggers. I am really digging on the IB trading thread that has opened up. My most glaring weakness is shooting profit at the times that are right, I guess greed is currently causing me to shut winners out too soon.

I am close to becoming to greak again with the money I have spent in forex, would love to believe I am on the road to trading full time, but I am so green I have a feeling I have not put in enough time yet to arrive.

The journey so far has been good though, learned a lot about itself and developed a bit in the process.

Fantastic stuff.

This gives me hope that one day I too can triumph with my multiple systems I love to trade. I am currently spending my time attempting to identify the market conditions and use the proper system.

The jacko turtle kind trading did great with the brv no brainer system from august tell october, but since the US election day those systems have failed me in my part time trading. I am trading its more work imho and aon a TF that is shorter.

-cheers

Hi Jxxx,my answers are in blue below.

Hope that this helps,
Ian

Originally Posted by ;

only read your thread and'm very impressed - congratulations. . .now, if I may, I've a few questions regarding your spreadsheet just to make sure I am seeing things properly

I understand that this is mainly live trading - correct?

I am live trading equally the First Strike and the 1 Night Stand egies. However, your other questions seem to be only about the ForexRobot sheet - do you find all 5 sheets from the spreadsheet workbook? This could only show 1 sheet of the workbook, if you're using MS Works Spreadsheet.

I stared trading FS live from 26 May 2008. All previous values for FS are backtested only.

Is your size known to a standard, miniature, or micro account? I'd presume 1,500 signifies 1.5 normal lots as your intial equilibrium is 10000 but considering the massive sl's one needs to insert (If I properly interpret SL500 and SL650 like being 500 and 650 pips)

I think you're looking at the Forex Robot sheet, this is just a copy of backtested results I've downloaded from your commercial Forex Robot. Please ignore them - I should have deleted this sheet before submitting. It's now obvious that the designer place the stoploss just greater than the maximum drawdown for the tested period.


When the size is actually standard lots may I ask with whom do you figure out how to get fills on 500 lots? I presume you spread your commerce broker - could it be possible to know your adventures so far together and who they are?

I've said several times in my thread that I trade with a U.K. Spreadbet firm (so that I'm limited to trading in multiples of $ 1GBP per pip). I ususally only commerce from 1 to 5 GBP each pip.
I don't know of anyone who transactions 500 normal lots in their personal account. Even Jacko only transactions 200lots - he spreads it accross 4 large Retail Brokers, both to promote competition for his account and also for safety if one should go bankrupt etc..
It is not a problem to trade 500 lots or longer with one broker, just that when you get to large sizes you must opt for an Institutional Broker or a major Bank rather than some of the retail broker said in FF.

Thanks and again. . Great going.

John

For individuals with Microsoft Works, here are my actual results in pips (not multipliied by bet size) broken out from my spreadsheet workbook.
One Night Stand:
Week startingE/UG/JG/UU/CU/JTotalRunning Total
20/10/08481.55343.34627.33149.94-101.56 1,500.601,500.60Trl stops #1 per pip .
Official FSP profit was 4047 pips

Originally Posted by ;

- Me Also!



Agreed, you can't succeed investing in a platform if you are not comfortable with it.



Thanks Clockwork, though there is just that one small (in blue ) that I disagree about. Which leads me to a PM I have asking about broker Ends of Day:

The sender of the PM said they could not find a broker with a handy EOD to their time zone.

I replied that Price Action (in addition to S/R, Fibs Floor Pivots etc.) work because lots of other people see exactly the same thing and act upon it. [b]So you need to have exactly the very same bars...

Ian,

forget about the bars/candles - its the price that matters. The price doesn't care whether you are in china or london. Neither does the price care whether you choose H1, weekly or daily candles to attempt to measure it. 1 thing is for sure however: no matter which way you look at charts, eur/usd is at 1.2876 as I am writing this - anywhere. (and I am not arguing about /- a few ticks due to quotational differences)

Each one has to do is (minus the requirement of a crystal ball) to create a framework around price motion - because that is one crucial part of FX trading: motion happens all of the time from sunday night to friday night nonstop.

regards