"Just Oil"

Looks like all trades are moving along my direction. eur is at important point. kind of hanging on the edge of a cliff.

some crazy shit volatility. all stops to BE and let's see in the evening how things turn. from +6.5% floating back to 3%.

Of course I read it. Both books, many times.
Trend principles still work, but they were working in very different environments.
Their sizable trades also affected the market they were in.
You will also find that the first trade was often the biggest.

E/U is still far away from trend change, my stop is about 100 pips behind.
Hopefully another 700 or 800 pip run.

Of course I know the difference. Many of those wizards would not have been wizards had they started trading now, LOL.
But overall idea to get the most of the winners stands. The key is to add to winners at certain moments. It means that trader should have no mental inhibition to do so. No fear so to speak. Not to be too careful and risk averse.
Looking for new low on e/u . every day surprises here. another one from nzd pairs.

got stopped be on e/j and chf/jpy. gbp/jpy and eur/nzd are also in danger. still they are in trends so if I see good reversal of current contra trend move I will short again. better be careful. e/u I will still hold stop at old place.

decided to add a bit to eur/nzd short. may be a bit rash. thinking of how to place stop for both positions. currently set at about 1% risk for both. but may move to first entry which will mean only 0.5% risk. calculation is simple. if trends resumes there might be huge payback for relatively small risk. money does not matter. r;r and percentage of the balance does.

So far no continuation and trades after some 100-150 pips runs go into BE stops. Opened few new trades and will probably open another one or two trade after midnight as I see it is pretty close to signal points.
was criticized for being rough with Rahem by saultywater., well, he probably doe snot understand what i am doing. When no trends trend followers do not make money. I started a bit late hence my account mostly reflects market condition at the moment. However I am confident once trends start I will make up.
I will make it clear, I have system which I follow and when market trends it is working fine. Even with this hick up of a trend I managed to mostly trade money back. The most important is to be consistent with application and let profits run when they do.

My floating balance is always positive. The only time when price started moving and I was able to trail it was in September. all other months there is simply no continuation on no trades.

Saltywater, when market starts moving I will get everything I am looking for. saying that negative floating and positive floating is same says you really do not understand what I am doing.. negative floating = blown accounts. especially the way Rahman is doing. In September when I wa son trend. my average winner was 4+ times my average loser. I will keep it that way.

Cheers.

I have been thinking for some time and since I have no second live account I decided to do it on my connected demo. I will trade same strategy but on smaller time frame. some 1-4H. It will be interesting how this will work.

SaltyWaters posted:
By the way, positive floating balance is like negative floating balance. It's only 'it' when the trade is closed.

A positive float can be banked, a negative float will send you broke.

BS abounds in the world of MT4

I would not say I am looking for 5000 pips runs. some 500-1000 pips runs would do. I was capable of making some nice returns even on this small run. most of the time I am getting maximum 200 pips for about 2 months which is even not at the point of trade management. i am only getting to move stop to BE stage. Ultimately I will get on trends. I understand you have no clue about trend trading. few trades can make the whole year. I am in learning stage of trade management but it is mostly about how to maximize winners.
Also, I do not have targets and I have no take profit. I have only stop loss. I see it is misunderstanding on what I am doing.
Regarding floating profit. it is not going to kill me... Floating loss can and will.

SaltyWaters posted:
If you are waiting for a 5000 or 10000 pip run, you may be in for a long wait. Besides there's other ways how to get it faster.

Like I said 'in the end of the day what counts is how much you got out of the market' not how much you have in positive floating trades or how close you were from your TP before the market turn against you.
 

Chikot posted:
Saltywater, when market starts moving I will get everything I am looking for. saying that negative floating and positive floating is same says you really do not understand what I am doing.. negative floating = blown accounts. especially the way Rahman is doing. In September when I wa son trend. my average winner was 4+ times my average loser. I will keep it that way.

Cheers.

I have only one account with Oanda. Trades cannot be opened in both direction there hence cause I have only one live account I am going to trade same thing but on shorter time frame on demo. Risk per trade will be 0.25%. i will open trades on all pairs same as I am doing live. regarding being brave, you are missing something. i have a lot of positions quite often. 6-12 open trades each 1% risk... I guess it is brave enough. also in my last round I was pyramiding adding to winners, which is brave in my book.

SaltyWaters posted:
Demo doesn't prove anything!

Be brave do it in a Real account with real money.

Chikot posted:
I have been thinking for some time and since I have no second live account I decided to do it on my connected demo. I will trade same strategy but on smaller time frame. some 1-4H. It will be interesting how this will work.

Get lost.

SaltyWaters posted:
This is where you fail you think you know better than others and others no nothing about trading. I've been trading longer than you and I don't disrespect your lack of knowledge but you are just full of shit, indeed. You started trend trading just a few weeks ago firkin noobie.

 

Chikot posted:
I would not say I am looking for 5000 pips runs. some 500-1000 pips runs would do. I was capable of making some nice returns even on this small run. most of the time I am getting maximum 200 pips for about 2 months which is even not at the point of trade management. i am only getting to move stop to BE stage. Ultimately I will get on trends. I understand you have no clue about trend trading. few trades can make the whole year. I am in learning stage of trade management but it is mostly about how to maximize winners.
Also, I do not have targets and I have no take profit. I have only stop loss. I see it is misunderstanding on what I am doing.
Regarding floating profit. it is not going to kill me... Floating loss can and will.

SaltyWaters posted:
If you are waiting for a 5000 or 10000 pip run, you may be in for a long wait. Besides there's other ways how to get it faster.

Like I said 'in the end of the day what counts is how much you got out of the market' not how much you have in positive floating trades or how close you were from your TP before the market turn against you.
 

Chikot posted:
Saltywater, when market starts moving I will get everything I am looking for. saying that negative floating and positive floating is same says you really do not understand what I am doing.. negative floating = blown accounts. especially the way Rahman is doing. In September when I wa son trend. my average winner was 4+ times my average loser. I will keep it that way.

Cheers.

I am trading live. Now get lost.

SaltyWaters posted:
I'm not missing anything. You prove nothing when you demo trade, that's all. It's not the same.

Chikot posted:
I have only one account with Oanda. Trades cannot be opened in both direction there hence cause I have only one live account I am going to trade same thing but on shorter time frame on demo. Risk per trade will be 0.25%. i will open trades on all pairs same as I am doing live. regarding being brave, you are missing something. i have a lot of positions quite often. 6-12 open trades each 1% risk... I guess it is brave enough. also in my last round I was pyramiding adding to winners, which is brave in my book.

SaltyWaters posted:
Demo doesn't prove anything!

Be brave do it in a Real account with real money.

Chikot posted:
I have been thinking for some time and since I have no second live account I decided to do it on my connected demo. I will trade same strategy but on smaller time frame. some 1-4H. It will be interesting how this will work.

ok, looks like Japan is sinking 😲 some bad news. looks like some pairs are reversing but the kind of super sized candles make me wait. pull backs other things. Also moved stop on e/u. kind of PA that might cause move up. Too much time without breaking a level usually cause reaction or even trend change. especially that last entry was far from safe place. was betting on price being able to break this level which it has not succeeded to do so far.


On demo I am going to just open trades when signal and see how things go. No thinking at all. and will see over the months how things go. unfortunately i am not a bot so miss signals as I am not here all the time.

went short aud/usd. the rest has to wait.

ok, first day 1H trading gone. a bit up, lots of trades. conclusion, not to enter trades overnight and pick some 10-12 majors to watch them all the time and trade only them,. otherwise it mess. I am not a bot so missed entries on jpy pairs cause I slept.
stopped on e/u. let's see what it will be doing. a lot of opportunities might be here. I wonder if those bad Jpy news are enough to break this month highs...

went short on e/u again. rejection from 1.2800 and behavior of other eur pairs. not very good entries but I would hate to miss if trend takes off without me.
shorted e/j and a/j. a speculative trades. shorted chf/jpy too but decided it was too much of a good thing and closed it. 2% risk on speculation is enough. the reasons of shorting are following. On bad news price still failed to break previous highs. pin bar for aud/jpy and lower high for both pairs too on smaller TFs. failure to break on after news the most important reason and strong levels of course. stops in place. if I get into some pips will move stops to BE. downside potential is good if I am right.