zentauro67 wrote:You can also spot this AUD "slowing down" in horizontal or down arrows from other Baluda´s indis (all set in 'predictive' -thanks Bob for such a great insight- TMA normal)

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nanningbob wrote:ok you had a big day. Now what? In my younger trading days I couldnt wait to do it again. OH BOY. BZZZZZZZZZZZZZZZ The problem is when a big fundamental news story hits I have learned the following:

.....
I plan on keeping my profits in the bank and if I trade today it will be very low risk stuff and maybe ................... he he he .............. I will try one or two high risk trades. Just for the heck of it. WHY? I cant keep my fingers off of the keyboard. Thats why.

VirtualFM wrote:

nanningbob wrote:

VirtualFM wrote:I managed through the "Oil" situation, even if it's still not solved. There are a ton of open orders and an huge DD of around 30%. However, unless all the Monday gaps (actually, Sunday night gaps in my case) happen in the wrong direction and hit huge SL, I don't even mind loosing all of that, because even so, the week will still be profitable!

But I think the losing trades will be returning for the good side for most of them (greedy buys on AUDCHF, AUDJPY, AUDNZD, same on EURAUD, EURCAD and EURCHF in sells when RSI was still not completely flat, for example). Have to keep thinking positive, or the weekend will be hell

PS: As for indicators, I already have used the CSS on 10.2 but I was trying to use it for finding the "crossing" of the pairs, but now it's being really useful. I added it to the bottom of every chart, showing only the symbol on chart and locking TF to D1. Like that I can see at a glance the relative strength of each pair easily without having to switch to the "Info Page", which is usually somewhere out-of-reach and involves distracting window-swaping.

30% WOW, my experience has been 30% is where acceleration sets in and your in real trouble. I automatically start closing some trades at 20% to avoid acceleration. Biggest I ever took was 7% and that allowed my to keep trading. That 7% took about 2 weeks to recover from. With 10.4 I can do it in less than a week or even days so taking hits now is not so bad.

Hi Bob!

Didn't reply sooner because I wanted to see what would happen!

So, with the weekend gaps I got two instant losses that hit SL, but not much, and 3 that hit TP. On the whole it was a small loss and the rest were OK. Oil still problematic but battled with it and the others all day long. It was an hard battle, very uneven... me alone against bulls, bears, foxes, wolves, hawks... you name it! Packs of them! It was an hard battle. I had 3 losses, one of them really big (33, 63 and 217 pips) but got a ton of positives trades (too many to mention). DD went down to around 20% but in the end of the day came back to 28%. Meanwhile balance went up by 12% so it was all not bad. Just have to keep the battle going!

rosst wrote:

nanningbob wrote:ok you had a big day. Now what? In my younger trading days I couldnt wait to do it again. OH BOY. BZZZZZZZZZZZZZZZ The problem is when a big fundamental news story hits I have learned the following:

.....
I plan on keeping my profits in the bank and if I trade today it will be very low risk stuff and maybe ................... he he he .............. I will try one or two high risk trades. Just for the heck of it. WHY? I cant keep my fingers off of the keyboard. Thats why.

Thanks for the update Bob - I find your commentaries very useful...I was a little perplexed trying to find set ups. I think I will sit on my hands and not donate like last week What do you make of
usd/gbp/eur/chf/cad vs jpy all below MA and the aud/nzd vs jpy still above? is this just a re-set or will the aud/nzd follow the rest? My crystal ball is on the blink.... Thanks again for sharing your thoughts and this great system...

nanningbob wrote:DD doesnt bother me like other traders. Just have to keep it in a range and dont let it get out of control. They dont understand that if you have a DD all month of 10-20% but you pocket 10-30% a month you actually can make money. The key is knowing which trades to dump that could cause trouble down the road. Once you solve that you can trade away. Most people who trade like that dont know which trades or what trades to dump and when. That is the key. Anyway good luck. I like 10.4 because I am still getting lots of trades and pips, but now without the DD. That 240 is my discipline that lets me know if a trade could get away from me so that is where I start dumping my DD. So far, so good.....

spillini wrote:Gonna try to take advantage of all those .../JPY 4 hr pins. Risky but good R & R. Im long G/U, N/J, N/U, A/J & CAD/J

Staedtler wrote:

spillini wrote:Gonna try to take advantage of all those .../JPY 4 hr pins. Risky but good R & R. Im long G/U, N/J, N/U, A/J & CAD/J

yeah i'm with you on this one. i took this earlier today, looking to hit WR1

spillini wrote:Agreed, you dont really have to be greedy. Thats exactly where I have my TP. Same with the others. Who cares if it goes further.

Jim

etheldreda wrote:

nanningbob wrote:DD doesnt bother me like other traders. Just have to keep it in a range and dont let it get out of control. They dont understand that if you have a DD all month of 10-20% but you pocket 10-30% a month you actually can make money. The key is knowing which trades to dump that could cause trouble down the road. Once you solve that you can trade away. Most people who trade like that dont know which trades or what trades to dump and when. That is the key. Anyway good luck. I like 10.4 because I am still getting lots of trades and pips, but now without the DD. That 240 is my discipline that lets me know if a trade could get away from me so that is where I start dumping my DD. So far, so good.....

Bob,
do you usually use BE? If you do, is it with extra pip or plain BE because when I use that BE with extra pip than the SL is too small for the second position and it tends to get stop..

thank you and congrats for your consistent result,
-ethe-