The story of Yirbu

[Yirbu]

Lol he said Wobbling. Its a trading technique.

Ha, ha, ha. That's funny.
Didn't know the term wobbling.

https://youtu.be/wOOlbsQeCfA

Yes, I looked it up. thx.

[IgazI]

Lol he said Wobbling. Its a trading technique.

Ha, ha, ha. That's funny.
Didn't know the term wobbling.

https://youtu.be/wOOlbsQeCfA

If you are going to be doing that then you should filter out the small retracements and target a range, like .35-.55%, going off of the numbers in the attached pic, and avoid buying into larger retracements where such moves are likely to turn into trending moves.

IMO, stick to a small size, take the L, increase size with profits only. . .
price expanding in one direction should tell you that the trade is not working.

ID.jpg (177.28 KiB) Viewed 1175 times

[kiwiarian]

Yes, thanks! I understand now.
It's a way to trade with less risk.
The tradeoff is that you make less profit.

Today I had:
40 pips @ 33%
-9 pips @ 50%

Price moved 31 pips when I was in a trade.
Would I have traded everything at full size I would have made 3,5x more profit.
With less profit however I had a bigger chance to catch a bigger move (just didn't happen today) with less risk.

I'm going to give it some experiments because now I had trades in the 33% and the 50% category but none in the 100% category.
The more trades you do in the smaller tiers, the bigger the gap with an all 100% approach becomes.
It gives me a lot to think about.

Nice... thx IgazI!

A lot to think about and practise and see if I can adapt the scaling it to what I am currently doing.

Today I did my machine gun (averaging / wobbling ) technique at very low size but lots of trades to stay positive as I fixed some trades.
I had to do 287 trades (in Asian session) to get these results today on my demo 10K FTMO account.
results-today.png

Work in progress to get # of trades down a bit and a slightly higher take profit.

Don't mind if you laugh at the trade # as it's a bit different to what people have posted on here

You are wobbling on MT4 or MT5?

Wobbling on MT4 so the single threaded execution is a pain/ inaccurate when closing lots of orders already open.

[aliassmith]

A lot to think about and practise and see if I can adapt the scaling it to what I am currently doing.

Today I did my machine gun (averaging / wobbling ) technique at very low size but lots of trades to stay positive as I fixed some trades.
I had to do 287 trades (in Asian session) to get these results today on my demo 10K FTMO account.
results-today.png

Work in progress to get # of trades down a bit and a slightly higher take profit.

Don't mind if you laugh at the trade # as it's a bit different to what people have posted on here

You are wobbling on MT4 or MT5?

Wobbling on MT4 so the single threaded execution is a pain/ inaccurate when closing lots of orders already open.

I had the same issue. Only solution for me was to use fewer orders. Hard to beat Apiary funds platform for wobbling.

Have you tried MT5 it is nicer?

[Yirbu]

These were easy. I always like it when price comes back after news.
Another two inside bar trades snatched +81 and +56 pips.

221215 - EURUSDM5-.jpg (215.95 KiB) Viewed 1147 times

[aliassmith]

These were easy. I always like it when price comes back after news.
Another two inside bar trades snatched +81 and +56 pips.


221215 - EURUSDM5-.jpg

Looks like you are big time now.
Are you finding more consistency?

[Yirbu]

Ha, ha, ha. That's funny.
Didn't know the term wobbling.

https://youtu.be/wOOlbsQeCfA

If you are going to be doing that then you should filter out the small retracements and target a range, like .35-.55%, going off of the numbers in the attached pic, and avoid buying into larger retracements where such moves are likely to turn into trending moves.

IMO, stick to a small size, take the L, increase size with profits only. . .
price expanding in one direction should tell you that the trade is not working.

ID.jpg

Oh, I'm not going that route
Kiwiarian is.
At present I have so many things I need to try and practice, I'm good.

[Yirbu]

These were easy. I always like it when price comes back after news.
Another two inside bar trades snatched +81 and +56 pips.


221215 - EURUSDM5-.jpg

Looks like you are big time now.
Are you finding more consistency?

Nooo....not yet.
But today I made a little list on trade setups I do best; this one is absolutely on number one. A pullback after a big move.
I really like to trade these.

#2 inside bars at deadhorse
#3 reversal on a deadhorse
#4 regular deadhorse continuation
#4 reversal after break of a session high/low

I made the list in my search for more consistency so I can focus better.

[aliassmith]

These were easy. I always like it when price comes back after news.
Another two inside bar trades snatched +81 and +56 pips.


221215 - EURUSDM5-.jpg

Looks like you are big time now.
Are you finding more consistency?

Nooo....not yet.
But today I made a little list on trade setups I do best; this one is absolutely on number one. A pullback after a big move.
I really like to trade these.

#2 inside bars at deadhorse
#3 reversal on a deadhorse
#4 regular deadhorse continuation
#4 reversal after break of a session high/low

I made the list in my search for more consistency so I can focus better.

The idea going forward should be to master your list without adding to it. Execution, Exits, Money Management.

[kiwiarian]

Ha, ha, ha. That's funny.
Didn't know the term wobbling.

https://youtu.be/wOOlbsQeCfA

If you are going to be doing that then you should filter out the small retracements and target a range, like .35-.55%, going off of the numbers in the attached pic, and avoid buying into larger retracements where such moves are likely to turn into trending moves.

IMO, stick to a small size, take the L, increase size with profits only. . .
price expanding in one direction should tell you that the trade is not working.

ID.jpg

OK Thanks, I think the Asian session ranges (EURUSD)a lot more and it is a good time for me . I am trying to get into the habit of putting a few feeler trades out first (with an initial bias) to see which way the wind is going. I like the idea of increasing size of the micro trades of that days profits.
Changing from wobbling loss /profit offset to the standard take loss I will play with to see how it gels with me.