Trading with the Edge. -
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thread: Trading with the Edge.

  1. #11
    , I am a closet admirer of you. It had been , your posts on a Pitchfork thread that got me interested in them. According to your recommendation I purchased Mikula's and Gordon's books.
    Can you take up the job with Habib Bank?
    Well, I am flattered and glad that I could help in some manner. Have you looked at the website of Tim Morge? It is named Medianline and he's got some fantastic stuff there, particularly on entries. Send me your email addy in a pm if you'd like and I will send you his writings, which I pulled off his website along with a couple other items of his I have gathered.

    I started a blog last year doing PFs, but I stopped as it was too time consuming. I'd be more than pleased to chip in here on occasion.

    The project with Habib Bank was a churn and burn setup, they only wanted to pull out commissions and did not give a damn about client's account. I suspect there's lots of outfits doing crap like this.

  2. #12
    There are a few rather sharp minds about this website(real intellectual heavyweights) and I have had the fantastic fortune to read their profound discourses on which constitutes a border. How with no edge one is trading using negative expectancy, etc.etc.
    Assuming level playing fields (no insider information),IMHO a border isn't anything more than the capability to recognise recurring patterns in the market. I believe pattern recognition and sound money management are as good an edge as one could hope for.
    I'm starting this diary for my reside trades with what I believe is my edge.
    I will be trading Cable on intraday basis. I will be risking 2% or less per trade.
    I use no signs to enter or depart my trades. I do use Pitchforks and Fib Retracements to analyse the market.
    Starting amount $100K

    Please notice the aim of this thread is not to argue the relative merits of my beliefs.
    Z
    May I ask what your final goal is? You may have success if you are attempting to attain a particular amount of money, then yes. You'll need a stomach of iron, a system, patience, and a little luck. It can be performed!! You're headed down a more rocky road if, however, your goal is to take gains out each month to another 10 years. Hopeless, but the odds are stacked very high. I'd encourage you to reconsider goal. I need you all the best.

  3. #13
    Junior Member SgbSergio's Avatar
    16
    May I ask what your ultimate goal is? You might have achievement if you are trying to attain a particular amount of money, then yes. You will require a stomach of iron, a system, patience, and a bit of luck. It may be performed!! If, however, your goal is to take profits outside each month for the next 10 years you are guided down a more rocky road. Not impossible, but the odds are stacked very high. I'd encourage you to reconsider goal. I need you the best.
    Why would you think he is not doing well in his trading? He just stated that he has a border and MM and he is very good to go.

  4. #14
    Why do you believe he's not doing well in his trading? He just said that he's a border and MM that was decent and he's very good to go.
    I did not say that he wasn't performing well. I expect he is, also may contiune to be for a very long while. Just because he says he's a border does not make it so. Belief has nothing to do with it. Recognizing patterns and looking at a chart is not a definable, measurable edge in the forex market. He might be profitable for a long time, or he may go back in 6 months or less. Given enough time it's an almost mathematical certainty that he'll lose. It is fairly possible, however, in the short run to create a good deal of money. That's way I inquired about his goal.

  5. #15
    Junior Member SgbSergio's Avatar
    16
    I did not say that he wasn't doing well. I expect that he can contiune to be for a long time, also is. However, just because he says he's an edge does not make it so. Belief has nothing to do with it. Looking at a chart and recognizing patterns is not a definable, measurable edge in the forex market. He might be profitable for quite a long time, or he can go back. Given enough time it is an almost certainty that he'll lose. It is possible, but in the brief run to create a lot of cash. That's way I inquired about his final goal.
    Read his last sentence on his initial article

  6. #16
    Senior Member jotean's Avatar
    146
    Strange is our situation here upon earth commented Einstein after...I think he must have been after Cable that day.
    After yesterdays rate cut cable taken up prediably,then retraced beyond the lows of this day.
    This morning I was mildly bearish.
    From the chart below when the market failed to get to the median line I went short at 1.9873. Cease was 10 pips above. Market dropped and I moved my stop to breakeven. It proceeded up to retest the reduce paralel and stopped me out for a 6 pip gain.

  7. #17
    Senior Member jotean's Avatar
    146
    Got suckered into a traditional dumb move this afternoon. Went brief around 3.15 gmt at 1.9867.
    Currently from experience I know that unless there is some information launch,a sudden and voilent move would be to sucker people in. Obviously I have suckered into a really dumb move. It had been dumb from the point of reward/risk ratio, it had been dumb from the purpose of a logical stoploss place. To compound it all my position sizing was amateurish to put it mildly.
    Needless to say I have stopped out at 1.9889.
    -22 times many infact too many lots.
    Gordon Gekko you liar. . .greed is never great.

  8. #18
    Senior Member jotean's Avatar
    146
    The marketplace is in a range..statistically trading these ranges has not been overly profitable previously.
    Still took a short on the down sloping fork in 1.9917. Stoploss in 1.9935.
    Gain goal of 1.9855. The risk/reward ratio was good. But got stopped out on a spike to nearly high of the day.
    -18pips.

  9. #19
    Senior Member jotean's Avatar
    146
    The above trade on a 30 min chart.
    A was my entrance...B stoploss...C profit target.
    Although I have stopped out, nevertheless I am still pleased with the trade. It was predied on cash management.

  10. #20
    Senior Member jotean's Avatar
    146
    The graph below illues why I wasn't too unhappy about the loss this morning. It wasn't intended to be now, but although I had the idea. If I keep on accepting the trades with risk/reward ratio that is great and for the correct reasons, at the future God will be fine.

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