"Just Oil"

at the moment I am content with what I have . there is nothing but may be 1-2 trades I can open. want to let these current trades to show themselves. the rest is either too messy or left the station.

minosd777 posted:
You say you are trend trading, but why are you opening and closing so many trades per week? If you trend trade then your stops (automatic or mental should me wide enough) I understand that you want to catch the big wave but by doing so you will lose little by little and it can take a while for the big wave to come..I am experiencing the same problems right now and it's difficult sometimes to synchronise your trading and the plan you have in mind

I think you should take your profits more quickly since you are opening so many trades per week, you will be profitable and that's the only thing that counts.

mino

I enter when I have a signal. this is what is happening is called whipsaw. get signal to open trade and then to close and sometimes I sense that price going straight for my stop so I close. if you check August I was doing same thing but that time range ended faster.

The only mistake I made this week was closing my original eur/aud and eur/nzd trades which were in profits. my my, those positions would be 300-400 pips in profit now, 6-7% total and as I have 2 more positions on each of these pairs it would be murderous thing. this is what prolonged ranging and seeing profits evaporate can do. Psychology. The rest trades I closed for small losses I did on purpose of signals to close. Head turns from this whipsaw. finally cross fingers we have few trades leaving the station. have had about 10% floating profit which is nothing if those things start running. The only way to make it big is to pyramid and milk the best winners to the hilt. for eur/usd there si 2 hurdles left. 1.2800-1.2825 and then 1.2700-1.2750. on weekly price hit upper bearish channel and was consolidation there mor ethan amonth so I think another leg down is due.
closed gbp/aud for small loss not letting hit stop, it actually would. gbp/usd another thing. it looks like channel on weekly broken to upside. another mistake was closing gbp/jpy long. enter was flawless. no DD, about 200 pips from the entry. gbp/jpy potential is huge especially if 134.00 is broken. eur/jpy and chf/jpy are speculative trades. no signal on them rather than H&S and daily PA. the rest are all signals taken and I am looking to add few more if lucky.

The guy whom I am actually copy catting usually leaves PC for few days after opening his trades. i see it why. to avoid micro management. but he doe snot pyramid and I want to.

I have put a plan on my watch list and will be watching a couple more pairs to open trades and some pairs to add more if price emove sin my direction and PA allows for smaller risk. If price really is leaving south on Eur/Usd and eur/aud I would like to add one more position on each but to keep overall risk within 1% on each and move all to BE or better at first opportunity.
GBP/NZD is catching my eye. it might be getting away form the range. eur/jpy and chf/jpy are still speculative trades but if they go and there is signals I will add more to existing trades. Important to keep overall risk within acceptable parameters on each trade.

added short gbp/aud. previous PA looked good for shorting and signal was earlier last week. just looked messy but looks better now. potential is good if trend continues down from this and support below. let's see. Pin bar from Friday that looked bullish but actually appeared as the last bulls' gasp at least for me so I am short. watching e/u as it is testing support too.

added last e/u position at 1.2822 . excellent timing. The worth of the whole position is 4% and stop moved now total risk is less than 1%. all other pyramided positions are safe now. My floating profit is close to DD I have got. will not close it of course but looking if trends continue to lock enough to have DD covered in case of reversal.

closed gbp/usd -1% 100 pips loss. i am weary of gbp. will leave only 1 gbp trade. gbp/aud. more interested to see how eur/jpy and chf/jpy will keep moving. possibly if signal happens I would like to add some more. in that case first positions should be safe if this happens. so far it is still speculative trades for me.

Just got up to see floating unrealized profit bigger than my realized loss. It is regarding giving up from some 'smart' dude.
no signal to close any trade so far so I keep letting trades run.

Decided to close all trades due to coming Greece voting news and NZD news causing move more than 200 pips against my position was a trigger. i have been up to 22% in unrealized profit which started to shrink again and due to DD could not let it turn into $0 again. so, closed. Now, will be watching for opportunities to enter existing trends.
I know there was no trigger to close trades but strategically I needed to bring money back into coffers. The less I have the harder to trade. Now will be looking for new entries.

You were trading pretty heavy.
You can just close out most of the positions and let a small amount run till opposite signal.
Keeping a small position also gets you used to following a trend till it finishes.

Yes, I agree. was heavy. I was pyramiding. Pyramiding I believe is a key towards big returns.I also always was cutting risk while adding posiitons. Never had full 2-4% risk on each trade but slightly more than 1% even with more than 1 position opened.
 I am not sure I want to take partial profits as I do not take partial losses. If ranging period is long it won't pay for losses. it also did not move far enough.
I am waiting now. if things tern well I might reenter. considering how many times my floating profit vanished and I only was taking losses I think it was ok to take money this time. Capital is almost all back. now I can start looking for new trades and with trading size back to normal. I was cutting my trading size as I was losing money. Good money management by the way.

ok, the closure of my positions was a mistake. Too much watching charts and listening to what is going on. since now on, once trades opened I close platform and reopen to check once at the end of the day and check up if any new trades are coming up.
most of small losses that I had by early closing were not losses. Just overreaction because trades were in red in the beginning which might happen.
Those small losses ate up at my balance considerably.

opened few new trades and left one limit order for gbp/aud. a couple of new trades the rest is reopening along the trend. seems like good moment. closed platform will check after the market close.

Partial profits ensure some profits and reduce equity volatility and smoothen the equity curve.
Yes you forgo potentially larger profits to lock in gains now, as always you don't know what the market will do tomorrow. .
Which you did anyway, you just incur a bit of risk of loss letting small trades continue until trend change.
Good practice for exits as well.
You only overreacted because of the trade sizes.
So instead of panicking in or out of the market, reduce trade size to a comfortable level.
Unless you like the frill of + or - 15%per mth.

Hello, Swing Trader. I have checked, you are very good indeed! a bit conservative but man, you doing well.
I would definitely cut my size had I thought I trade big size. Last round I pyramided. but every time I added position i was also moving stop to cut the risk. Me closing trades was not because of my size, but because I got scared i could lose all this floating profits and I was in -16% DD. I have had floating profit turn $0 five times by then. it is psychology, not size, coincidentally, I learned about Greek vote. i do not follow news usually and then NZD spike caused me to think something is under way. so I closed. it is July related reaction. I am not much worried about curve smoothness because -15% was caused not by my mistakes in entries but rather me in and out. I was losing on winning trades, it is crazy! e/j short from 103.70 , closed at loss and then reopened 3 times.
aud/nzd. same. and many many times. hence losses. i only had my stops triggered 3-4 times
the change i am making is related to this issue which means. i leave trades running. once at about 1:1-1:1.5 in profit I move stop to BE. I do not know of course what market gonna do, but I do have a plan. it was on display when i was making pips in September. I think I trailed too eagerly but ultimately I got stopped out for profit where I had to set stops . I made few changes, just need a market develop some trends to follow., so far, it is only the beginning.

I am mostly concerned with absolute profits. it is a learning curve man. i started trading this way live only in July and there have been few trades so far.

SwingTrader posted:
Partial profits ensure some profits and reduce equity volatility and smoothen the equity curve.
Yes you forgo potentially larger profits to lock in gains now, as always you don't know what the market will do tomorrow. .
Which you did anyway, you just incur a bit of risk of loss letting small trades continue until trend change.
Good practice for exits as well.
You only overreacted because of the trade sizes.
So instead of panicking in or out of the market, reduce trade size to a comfortable level.
Unless you like the frill of + or - 15%per mth.

Curve smoothness means smaller DD dips.
If you have 1 mil you don't want to see that figure go up or down by a 100-200k every month.
It's much better to have 10-30K every mth without the big dips in equity.
If at the end of the year or 5 the result is the same, then smooth curve = smooth sleep.
In theory of course.

I think it is mostly details. Can be always arranged as per investor's risk tolerance but there must be some reasonable levels to make all this worth while. I am still in adjusting mode. It might be instead of 1% per 100-150 pips entry original position can be 0.5% risk and then pyramiding if trend develops. What however I am strongly against is partly taken profits.
I think pyramiding is very important to make outstanding returns.
I am waiting for strong trends as since July when I started trading this style there was only one.
Also, funny thought has crossed my mind. Pyramiding should be made at the moment saeedrehman and the like add to their underwater positions 😉
It looks like they never wrong in reversed sense that exactly when they add to the loser market goes further against them. Just a thought...

SwingTrader posted:
Curve smoothness means smaller DD dips.
If you have 1 mil you don't want to see that figure go up or down by a 100-200k every month.
It's much better to have 10-30K every mth without the big dips in equity.
If at the end of the year or 5 the result is the same, then smooth curve = smooth sleep.
In theory of course.

On a daily charts too many small swings. Though you could use 8hr to watch retracements and re enter on the up swing.
Still I aint convinced that pyrmading is the best way.
And yes we wait for the big swings to happen until we find out. Normally there is a couple each year.