2009.04.28 YOUR OWN CASINO

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nickgurtsu
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Postby nickgurtsu » Sun Jul 19, 2009 11:00 am

the wining % was 92 on the long side
I can run a test with 10 pips PT and 10 pip stop see if the number comes closer to what you expect

robust strategies either have high wining % or the average winner is higher then average loser
it's very hard to achieve both however it can be done with optimization but that can get you only in trouble

trust me I've been testing for a long time and it's not easy to find the global max

this is considered as a scalpin method so the trader has to make a choice

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TheRumpledOne
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Postby TheRumpledOne » Sun Jul 19, 2009 2:25 pm

We all know the odds favor the house.

But the main reason casino's win is because most people do NOT know when to quit.

Let's say you have two 10 pips losses in a row and on the third entry you make 30 or more pips. DO YOU QUIT FOR THE SESSION OR KEEP TRADING?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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prochargedmopar
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Postby prochargedmopar » Fri Jul 24, 2009 2:49 pm

Please post results with 8sl/10tp......
My wife started trading this system london for 2 opening hrs.....
she trades for like 10-15 min a day and is doing pretty good.
Had 16.7 one day and 11.8 yesterday.....
2 trades a day.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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jacal1
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Postby jacal1 » Tue Aug 11, 2009 2:10 am

TRO i have looked for this indicator what should i be looking for buy zone Indicator?

ty
The fear of Jehovah is the beginning of knowledge, wisdom and discipline...Prov 1:7

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dragon33
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Postby dragon33 » Tue Aug 11, 2009 7:39 am

If i make my own analysis. I started winning after a few simple rules.

One of those was: Hold your profit when it is there (even it is just 5 pips)! Stop for the day when you have it! It is easy to pick 1 or 2 trades a day and make some pips!

But as everybody should know, human greed is a strange thing. Some people get it under controle and some don't! Start controle that and you will be on the winning side soon!

If you can not make 1 or 2 winners a day you have a lot of work to do on this forum!

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AventuraForex
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Postby AventuraForex » Fri Sep 25, 2009 11:03 pm

TheRumpledOne wrote:We all know the odds favor the house.
But the main reason casino's win is because most people do NOT know when to quit.


Thats absolute a non-true statement, it DOES NOT MATTER if you quit or not when you are winning, the only thing that happens if you play more its that you have more probability of loosing than not. But you are still loosing on the first bet in a casino. You loose in a casino because you have Negative Expectative Value

TheRumpledOne wrote:Let's say you have two 10 pips losses in a row and on the third entry you make 30 or more pips. DO YOU QUIT FOR THE SESSION OR KEEP TRADING?


It doenst matter if you loosed o won in previus trades.

You should keep trading forever if your strategy has positive expectation (+EV).

You should quit if your strategy has negative expectation (-EV).

Other thing its absolute non-sense.

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TheRumpledOne
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Postby TheRumpledOne » Fri Sep 25, 2009 11:34 pm

"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion."
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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AventuraForex
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Postby AventuraForex » Fri Sep 25, 2009 11:48 pm

TheRumpledOne wrote:"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion."


Well if you are quoting me, that was not an opinion, that was a fact.

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TheRumpledOne
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Postby TheRumpledOne » Sat Sep 26, 2009 12:05 am

Do you know the difference between LOSE and LOOSE?

Some people WIN in casinos. They know when to quit.

The difference between trading and casino gambling is statistics vs. probability.

Statistics looks at the past.

Probability looks at the future.

There is no probability in trading, only statistics.

When you compute EXPECTED VALUE for trading, you are fooling yourself.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sat Sep 26, 2009 12:08 am

AventuraForex:

http://translate.google.com/translate?h ... 26hs%3D2uf

Is that you?

Thursday September 17, 2009
Bienvenidos! Welcome!
Hola a todos! Hello everyone! bienvenidos a esta aventura que empiezo hoy Jueves 17/09/2009 . welcome to this adventure begin today, Thursday 17/09/2009. A partir de ahora podreis encontrar los pasos que seguiré para transformar los 1000$ iniciales en 100.000$ en el menor tiempo posible, eso sí siempre usando utilizando riesgos calculados , recordad que en esto del Forex solo gana un 5% de la gente que mete dinero. From now you can find the steps that I will continue to transform the initial $ 1000 into $ 100,000 in the shortest time possible, yes always using using calculated risks, remember that in this Forex only earn 5% of the people who puts money .

Tengo que decir soy un completo novato en el tema, y que en el blog contaré basicamente todas mis experiencias, pensamientos y accionés de mi camino a ser un inversor responsable y con experiencia. I must say I am a complete novice in the subject and tell the blog that basically all my experiences, thoughts and actions of my way to being a responsible and experienced investor.

Proximos temas a tratar: Upcoming topics to be discussed:
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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