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| Heads and Tails "Experiment" will it work...? https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=774 |
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| Author: | 4xPIPAHOLIC [ Mon Aug 27, 2012 1:03 pm ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
Hi andrewcz........thank you for your interest in the thread.... I agree with you 100%........I am trading 1 lot since we have a balance of $73000 witch is logical...and conservative....I know that the value of EUR/GBP is higher on 1 lot than the EUR/USD.....but since I am trading conservative I figured to concentrate for the moment on the MM(SL.....or multiple SL'S) for now....but you are very welcome if you want to implement that ideal for position sizing ..... Also for the volatility of each pair I am using the ATR at the moment (as a starting point) I am open to ideas...... |
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| Author: | 4xPIPAHOLIC [ Mon Aug 27, 2012 1:10 pm ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
Now if you all noticed I added the weekly and monthly pivot on my recent charts...... Now the only thing we cannot touch is the way we pick the direction........but anything else that can effect the outcome we can.... like lets say that "if it was time to flip now" and tails would show....we can take a full position since LONG is above the pivots.....if it would show short we would take half a position.....(somrthing like andrewcz suggested if I got it right)....... seeeee 2 brains is better than 1...... this is starting to get interesting..... |
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| Author: | mrpipstrader [ Tue Aug 28, 2012 1:03 am ] |
| Post subject: | |
Hi 4xP, I'm following this thread with much interest. Having traded stocks, options, etc for many years with only moderate success, I've concluded that a clear money management process is the only way to create proper emotionless trading. If you haven't got MM right before you place your trade, you're substantially reducing your chance of long term success. Reminds me a bit of the professional card counter at the casino - only stay in or increase your bets when you know that the hand you hold is a winner. Keep up the good work. |
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| Author: | 4xPIPAHOLIC [ Tue Aug 28, 2012 11:43 am ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
Hi mrpipstrader......welcome to the thread! Thank you for your interest and the encouraging words....... If you have any ideas don't be shy.......something small can turn in to something big......it always has |
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| Author: | 4xPIPAHOLIC [ Tue Aug 28, 2012 11:44 am ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
Ok........We are moving nicely and as we can see E/U did BOUCE nicely For now the trades are positive .......and moving nicely...... Here is the chart of the E/U ....... |
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| Author: | 4xPIPAHOLIC [ Tue Aug 28, 2012 11:46 am ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
and here is EUR/GBP witch held stronger during the Asian session......good indication that it want to head north..... |
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| Author: | 4xPIPAHOLIC [ Thu Aug 30, 2012 2:26 pm ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
Hello everyone!!! In this game you need patience.. its doing its roller coaster moves... |
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| Author: | 4xPIPAHOLIC [ Thu Aug 30, 2012 2:28 pm ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
EUR/GBP has pulled back.......zzzzzzzzzzzzzzzzzzzzzzzzzz |
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| Author: | 4xPIPAHOLIC [ Fri Aug 31, 2012 1:13 pm ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
OKKKK.......we are in the right direction AND our EA took partial profit Now I am going to modify just one bit the 3rd TP.......on the second take profit witch will be at 2ATR the EA will close 30% of the trade....now the last 30% that will be left I am not going to close it at 3ATR.....I am going to let it ride......what I am going to do is trail the stop by 2 ATR'S......till the price action takes me out........ |
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| Author: | 4xPIPAHOLIC [ Fri Aug 31, 2012 1:16 pm ] |
| Post subject: | Re: Heads and Tails "Experiment" will it work...? |
Here we have the EUR/GBP witch has hit the WR (weekly resistance) but is very very close on taking the first profit.....lets see.... |
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