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James_Bond
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Any Fielding Financial Robot (FFR) Traders?
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New Traders
Mar 30, 2011 at 09:53
How can you be sure it will bounce back? And in which point? This is very risky trading and goes against the basic rule of letting your profits go long, and cutting your losses short.
Naked Trading Trade Ideas
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Experienced Traders
Mar 30, 2011 at 07:40
Indeed a good setup, but I wouldn't aim that high though, probably only to the start of the triangle. In any case, it still might dip lower before going up in my opinion.
Naked Trading Trade Ideas
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Experienced Traders
Mar 30, 2011 at 07:39
I've tried trading those too, but never figured out how differentiate between failing formations and non-failing. I had a 50% success rate.
Naked Trading Trade Ideas
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Experienced Traders
Mar 30, 2011 at 07:37
😁That's a whole different type of naked trading!
Naked Trading Trade Ideas
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Experienced Traders
Mar 29, 2011 at 14:29
Stopped out.Need to rethink about the trading system, as it doesn't look good 😳.
Random or not?
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General
Mar 29, 2011 at 09:48
Tried attaching the point and figure to the random chart, however getting no result.Anyone?
Any Fielding Financial Robot (FFR) Traders?
in
New Traders
Mar 29, 2011 at 09:06
I'm not ruling out the robot and do agree with you, however based on your experience it's clearly visible that you're over leveraged as those losses are too high for such a short period of time.Were you using the default recommended settings for trade sizes, or did you tweaked them a bit which led to the high losses?
Emotional Trading
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General
Mar 29, 2011 at 07:34
I don't think tight stop losses would be of any use, if the system isn't profitable. I think you should focus on trading the system on a demo to determine the if it's worth trading, and what risk should you take with each position, in order to stay in your comfort zone.
Emotional Trading
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General
Mar 28, 2011 at 17:15
First step is recognizing your error - since you're already aware of it, that's great progress.I don't want to make you feel any worse, but it would be hard to get back to the starting point. In order to make back the 50% back, you would have to make 100% with your current capital. However, that is certainly possible and will take a lot of patience and a good trading system.First rule of trading is "do not risk what you cannot afford to lose". Since you do not wish to lose anymore funds, I do not suggest adding anymore in, not at least until you're trading successfull...
Emotional Trading
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General
Mar 28, 2011 at 17:04
What was the reason for "pulling the trigger like a cowboy"? Were you frustrated with your trading result? Were you in need to get back the market?That is an excellent example of how psychology plays a big role on non-automated systems with inexperienced traders. I've been in the same situation myself, and honestly, the best thing to do is learn from it and move forward with your trading.
Emotional Trading
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General
Mar 28, 2011 at 16:57
Sorry to hear about it.First of all, take a deep breath.Secondly, try to figure out how did you end up in that situation and how to prevent it from happening again.Major points to consider:- Do you have a trading plan with exact entry and exit rules?- Have you followed your trading plan accordingly?- Are you using correct money management rules and not risking too much per each trade?On top of that, how long did you demo trade before trading a real account? Has your trading appeared to be profitable with demo?
Random or not?
in
General
Mar 28, 2011 at 13:20
Speki does the tests, not myself, so hopefully he can check it out.Can you quickly explain to me how do you trade point and figure charts? It's all gibberish to me:<a href='http://www.myfxbook.com/files/wilkinson/cute_pnf_screen1.png' target='_blank'><img src='http://www.myfxbook.com/files/wilkinson/cute_pnf_screen1.png'/></a>Isn't that just another form to draw candles? I'm not sure how that would provide me new information.
Naked Trading Trade Ideas
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Experienced Traders
Mar 28, 2011 at 13:11
Amazingly, the price went just 10 pips over my stop, and then started plunging down. On second thought, I should have placed the stop on the higher high of the channel, which would have made the trade profitable (would have hit my tp):<a href='http://www.myfxbook.com/files/wilkinson/trade.missed.png' target='_blank'><img src='http://www.myfxbook.com/files/wilkinson/trade.missed.png'/></a>Oh well, live and learn.
Any Fielding Financial Robot (FFR) Traders?
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New Traders
Mar 28, 2011 at 09:34
What's to think about? David lost 15% in 2 days and Elizabeth lost 25% in 3 weeks. I think it gives you the answer you're looking for.
$1,000,000.00 Challenge
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Trading Systems
Mar 28, 2011 at 09:24
Sounds like you've tested it thoroughly and know the in's and out's of the system. Will be watching closely.Good luck to you in your journey!
Victor
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Trading Systems
Mar 28, 2011 at 09:21
Thanks for being so forward, much appreciated 😄.Have you tried programming your trading strategy?
Random or not?
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General
Mar 28, 2011 at 08:57
Know of it, but never used it.Can you show some examples of point and figure charts? I wonder if those are different using a random feed or not.
Contest - iceberg
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Trading Systems
Mar 27, 2011 at 08:56
Does it work enough to keep you profitable, outside the contest? 😄
Random or not?
in
General
Mar 27, 2011 at 08:54
As I said in a different topic:"To avoid the differences between brokers, one should ignore the timing of the trades, and use high and lows of candles instead the open-close.I think in such way, the charts will be identical, only displaced, according to the time difference between brokers."The above would give us, in my opinion, an absolute market image, ignoring any broker time and/or market opening/closing times differences
Contest - saraa
in
Trading Systems
Mar 27, 2011 at 08:50
Well, isn't that a surprise..😄klaabukosmos, nice spot!
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