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withnail
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Postby withnail » Mon Jul 09, 2012 4:49 pm

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Also nice setup to get in later on in day (I wasn't around),
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby withnail » Thu Aug 09, 2012 4:12 pm

1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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withnail
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Postby withnail » Fri Aug 17, 2012 8:01 pm

Removing a few things that proved not to be useful,
Withnail
Last edited by withnail on Mon Jan 28, 2013 2:13 pm, edited 1 time in total.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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withnail
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Postby withnail » Sat Aug 25, 2012 6:36 pm

http://lessons.tradingacademy.com/artic ... your-risk/
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***Edit added later forgot to put the dollar index chart in
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Cheers,
Withnail
Last edited by withnail on Sun Aug 26, 2012 10:46 am, edited 1 time in total.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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bettlebox
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Postby bettlebox » Sat Aug 25, 2012 9:37 pm

Pure poerty in motion.
:)
withnail wrote:http://lessons.tradingacademy.com/article/try-this-to-lower-your-risk/
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Cheers,
Withnail
Last edited by bettlebox on Mon Sep 03, 2012 11:23 pm, edited 1 time in total.
There are two forces acting upon us: Suffering pushes us forward from behind and pleasures entice us and pull us forward.

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Postby withnail » Mon Sep 03, 2012 11:10 pm

Thanks BB.
3R trades GU.
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Cheers,
Withnail
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby withnail » Tue Sep 04, 2012 2:34 pm

I try to balance the elements of this formula in my trading. Also I started to use it to assess my trading rather than on $$ that gives me issues.
Expectancy = (Probability of Win * Average Win) - (Probability of Loss * Average Loss)
Also an interesting way to assess trades.
http://backtestingblog.com/wp-content/u ... ample1.png
And use this style of MM to protect MY money and give the positive benefit of exponential maths.
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Be aware of this :-
http://i1212.photobucket.com/albums/cc4 ... oup-cr.gif
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Probability of Win -- Small level inside a HTF level, time of day etc.
Average Win -- 3:1 as usual min and 2 trade opened to try to maximise R:R as short of the weekly high.
Probability of Loss -- Now 0 as trade was managed to win:win situation.
Average Loss -- Tight Stop use small level to get in on htf level

Example -- Increase average win
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Cheers,
Withnail
Last edited by withnail on Tue Sep 04, 2012 2:46 pm, edited 2 times in total.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby withnail » Thu Sep 06, 2012 3:02 pm

I got stopped out of the short on Tue before my target (CZ1). Flipped long yesterday.
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I think it's time to call it a day posting trades it is probably getting boring for everyone. This log has certainly helped get to where I wanted and I really enjoyed posting it. I hope it has been some use to others too. I wish everyone good luck with their trading.
Some things that have helped me:-
Finally realising there are more things to being a good trader other than entries - I took some convincing :-)
Reading trading in the zone and working on my brain (thanks PGW & G).
Understanding the 2 functions of money management and applying it consistently.
Apart from all the great info and threads here I also recommend.
Sam Seiden fxstreet videos and his online trading achademy articles,
Withnail.
Last edited by withnail on Mon Jan 28, 2013 2:35 pm, edited 1 time in total.
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

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Postby dojirock » Thu Sep 06, 2012 5:34 pm

Withnail,

Its been nice reading your thread....the charts were real helpful.

Good luck, Keep pippin!

dojirock :D
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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Braathen
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Postby Braathen » Thu Sep 06, 2012 8:19 pm

withnail wrote:I got stopped out of the short on Tue before my target (CZ1). Flipped long yesterday.
Image
I think it's time to call it a day posting trades it is probably getting boring for everyone. This log has certainly helped get to where I wanted and I really enjoyed posting it. I hope it has been some use to others too. I wish everyone good luck with their trading.
Some things that have helped me:-
Finally realising there are more things to being a good trader other than entries - I took some convincing :-)
Reading trading in the zone and working on my brain (thanks PGW & G).
Understanding the 2 functions of money management and applying it consistently.
Apart from all the great info and threads here I also recommend.
Sam Seiden fxstreet videos and his online trading achademy articles.
Michael Huddleston - Inner Circle Trader.
Cheers,
Withnail.


If you want to make it more exciting you could post a few live trades
as you make them :D I havnt looked all the way through your thread
to see if you already have, just a thought :D

Happy pippen!
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-

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