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who is guru???!!!

saeedrehman (saeedrehman)
Sep 12 2012 at 18:46
152 posts
saeedrehman posted:
i shall post my live trades/projected trades here and request everybody to post comment against any of my trade with strong argument to prove that i am in wrong trade. i normally say that less than 5% of my trades can go to loss.


you can also find my all live/projected trades at https://www.myfxbook.com/members/saeedrehman/saeed/378629


sell eur/usd at 1.2900 sl 1.3150 tp 1.2620

Chikot
Sep 13 2012 at 23:32
2299 posts




Ok, Saeed, I think you are growing some seriously fat tails. 33% is unrealized loss. Your stops are actually irrelevant cause with leverage used you will get margin call before those stops are hit. I wonder what is your logic behind opening those trades?

What interesting Sharpe ratio is 1.04. Looks great while 1100 pips in minus unrealized. it looks strange actually. Have no idea how Sharpe is being calculated.

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Chikot
Sep 14 2012 at 08:27
2299 posts
Saeed, you keep moving stop losses. was not it easier to cut when it was small? you have trades -200-330 pips under water, isn't it too much for +35 pips average winners? again, statistics do not lie. I think you should rethink what it is you are doing.

saeedrehman (saeedrehman)
Sep 14 2012 at 09:40
152 posts
Chikot posted:
Saeed, you keep moving stop losses. was not it easier to cut when it was small? you have trades -200-330 pips under water, isn't it too much for +35 pips average winners? again, statistics do not lie. I think you should rethink what it is you are doing.


thank you chikot,
if you can prove the approximate support/resistant level of those trades that i am running in loss then i can rethink about my trades. i believe that the trend is nearly to reverse. so have patience and see

Chikot
Sep 14 2012 at 09:53
2299 posts
😁 Saeed, the proof is in the soup. It smells bad, looks ugly and has terrible taste. what else proof you need? -280-340 pips under the water, do you think those levels are still holding?
the proof is in your account and also you have -41% in unrealized loss hanging and trends are moving against you. if you think you know something that others do not know trust me. we have seen all of this and you are not different from others with bad trading habits. You are taking positions against the trend without any confirmation that trend reversed, use wide stops , move them when wrong and add to losers. You provide excellent example of how not to trade.


saeedrehman posted:
Chikot posted:
Saeed, you keep moving stop losses. was not it easier to cut when it was small? you have trades -200-330 pips under water, isn't it too much for +35 pips average winners? again, statistics do not lie. I think you should rethink what it is you are doing.


thank you chikot,
if you can prove the approximate support/resistant level of those trades that i am running in loss then i can rethink about my trades. i believe that the trend is nearly to reverse. so have patience and see



Chikot
Sep 14 2012 at 10:00
2299 posts
You need to be patient with winners. not losers...being patient in bad relations is a bad habit. Cut losers let profits run.

rob559
Sep 14 2012 at 13:26
1916 posts
95% win ,you gotta do what you gotta do😄

Merrygoround (Merrygoround)
Sep 14 2012 at 16:40
41 posts
100% win strategies look good in the beginning, but after a while they create so much DD, it will blow your account for sure. Good money management requires that you stick with your stoplosses. Once set, they should not be moved. They are there for your protection! It requires guts to admit that you were wrong. Close the losing trades and learn from it.

saeedrehman (saeedrehman)
Sep 14 2012 at 18:36
152 posts
Merrygoround posted:
100% win strategies look good in the beginning, but after a while they create so much DD, it will blow your account for sure. Good money management requires that you stick with your stoplosses. Once set, they should not be moved. They are there for your protection! It requires guts to admit that you were wrong. Close the losing trades and learn from it.


thank you all for your important comment against my trades.

'every action have an opposite reaction'-- i believe this sentence so i should not close my trades with loss. the projected price of eur/usd is shown in the picture.

i don't believe that i can face margin call because of my small lot size for all trades.

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Chikot
Sep 14 2012 at 20:10
2299 posts
Saeed, I wonder, where is your resistance/supports ends? On the Moon surface? 😲
It looks like that levels where you take positions are never broken and you are always right. Have you had any thought that for example gbp/jpy used to be at 200.00 level and now it is only at 127.00.
You also are a bit shy about your trading experience. Considering arrogance with which you ignore what other try to tell you I believe you are 2-3 years at this business but most probably keep doing same thing over and over.
There is certain kind of people who believe that doing same thing might cause different results.
Of course there is always chance for you to get lucky. But chances are very good that you will get Margin call. i am not very good at margin calculation but considering that your account has 50:1 margin and you was at 40+% Dd of your account I think margin call is not very far.
Regarding small position sizes. For the way you trade your position size is huge. I myself open positions 3 or more times smaller per pip than you do.
with $300 you should not even trade on MT4. Even $1000 would be too little for MT4 trading your style or trading multiple pairs at once. The best solution for you is to open account with Oanda. there even with $300 you can have proper money management.
In any case diagnose for you as a trader is not good.
1. Running and adding to losses
2.Bad money management
3. No patience.
4. No self control.
5. Bad strategy.
6. Too stubborn to admit own mistakes and make improvements
7. Believing that praying will help you in this business. It is Shaitan's business, not Allah's. (bringing religion into trading)

Oh my, it is 7 mortal sins of trading and you got them all 😉


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