NLA 5 years later

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Jalarupa
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Postby Jalarupa » Thu Jun 05, 2014 10:29 am

This one's for those who are interested (seeing as its the ECB show today, let me show you the fractal I observed last time Draghi managed to talk down the EURO and create this negative interest rates expectation that the market has been going wild about all month...

So this was the fractal leading into the day, the fact that the ECB placed interest rate changes on hold prompted a move high (as those who were trading that day will recollect -c'mon it was only a month ago ;) )

Image

Imagine what it must be like to know what Draghi was going to do before [s]anyone else[/s] anyone other than his inner circle and their friends...?

Image

As I watched this unfold, I was afraid... very afraid...
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

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aliassmith
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Postby aliassmith » Thu Jun 05, 2014 3:58 pm

Another good video from Futurestrader71 Risk, Scaling, Probabilities and Trade Management http://www.youtube.com/watch?v=q_dYsUnoiLI
Trade Your Way as Long as It Makes Money!

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 06, 2014 1:31 am

"As I watched this unfold, I was afraid... very afraid..."

Afraid of what??
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Jalarupa
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Postby Jalarupa » Fri Jun 06, 2014 4:23 am

I was afraid that one day I may be successful and all the changes that come with such success...

Its scary to think that your life may be completely different in 5 years from now, where now money is such a important commodity for survival, to one where money is so readily accessible that it becomes a afterthought and not a focus...

I don't need a lot to survive and don't want to be stinking rich, I like to keep things simple,

When I see how 'easy' (I say this with the deepest respect) some traders make this profession I get worried, I donno its almost like I feel that its not possible for me to get to that level, so that is also a worry...

And if I ever get that good, then the worry will be things like the NSA and Black Helicopters...

I don't know if any of this makes any sense but that's the head space I am in right now...
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

aliassmith
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Postby aliassmith » Fri Jun 06, 2014 5:28 am

Jalarupa wrote:I was afraid that one day I may be successful and all the changes that come with such success...

Its scary to think that your life may be completely different in 5 years from now, where now money is such a important commodity for survival, to one where money is so readily accessible that it becomes a afterthought and not a focus...

I don't need a lot to survive and don't want to be stinking rich, I like to keep things simple,

When I see how 'easy' (I say this with the deepest respect) some traders make this profession I get worried, I donno its almost like I feel that its not possible for me to get to that level, so that is also a worry...

And if I ever get that good, then the worry will be things like the NSA and Black Helicopters...

I don't know if any of this makes any sense but that's the head space I am in right now...


Being in that state of mind sounds self defeating. Yes your trading account can change dramatically in 5 years, but you need the emotional currency to get there. There are people that make millions trading so no-one is coming after you. :D
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Jalarupa
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Postby Jalarupa » Fri Jun 06, 2014 5:43 am

I know you are right... I will work on my emotional hang-ups thanks for the reality check ;)
Feed my will to feel this moment urging me to cross the line!
Reaching out to embrace the random!
Reaching out to embrace whatever may come!

Trade management by <<FX SYNERGY>>
<<Tickmill Trading>>

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Postby withnail » Fri Jun 06, 2014 10:25 am

Another good video from Futurestrader71 Risk, Scaling, Probabilities and Trade Management http://www.youtube.com/watch?v=q_dYsUnoiLI

Just watched that nice vid.

Thinking of the rule of 70 helps me with trading math.

7% a month 70/7 ~ 10 months to double
2% a trade 70/2 ~35 net losses to half you account

70/0.5% = 140 periods or net wins/losses to double or half your account
70/1 = 70
70/2 = 35
70/4 = 18
70/8 = 9 .. seeming small increases make a significant difference

0.5 makes my account indestructible.

6-8 regularly makes it grow nicely over time.

Profit cushion is the bridge from one to the other.

Use some of said gains on an extreme it would be rude not to.
Last edited by withnail on Fri Jun 06, 2014 9:24 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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Captain Pugwash
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Postby Captain Pugwash » Fri Jun 06, 2014 11:59 am

Jalarupa wrote:And if I ever get that good, then the worry will be things like the NSA and Black Helicopters...
.


I'm sure you'll be OK Jal - I don't think Helicopters are designed to get up those mountains :) - I'm surprised you can breath enough to trade up there!
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

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Postby Captain Pugwash » Fri Jun 06, 2014 3:23 pm

withnail wrote:Another good video from Futurestrader71 Risk, Scaling, Probabilities and Trade Management http://www.youtube.com/watch?v=q_dYsUnoiLI

Just watched that nice vid.

Thinking of the rule of the rule of 70 helps me with trading math.

7% a month 70/7 ~ 10 months to double
2% a trade 70/2 ~35 net losses to half you account

70/0.5 = 140 periods or net wins/losses to double or half you account
70/1 = 70
70/2 = 35
70/4 = 18
70/8 = 9 .. seeming small increases make a significant difference

0.5 makes my account indestructible.

8 makes it grow nicely.

Profit cushion is the bridge from one to the other.


Thankee Withnail those nice n simple sums are worth putting on a pc post it note

Another great vid Alias, I hope Big Mike Can forgive me for plagiarising one of his presentation slides

Image
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY

aliassmith
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Postby aliassmith » Fri Jun 06, 2014 4:02 pm

I like what Futurestrader71 does, I wouldn't trade like him, but his supporting information is useful.

I also like this video from Mark Douglas http://www.youtube.com/watch?v=GhKJ9P3agRc

There is much more to this business than analysis! :shock:

Way to much on this website to comment on
http://brettsteenbarger.com/articles.htm
Brett had to stop making public posts because he works for a PROP firm.
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