I find Shivy hard to understand, but that's my problem and nobody elses. It is just not my thing. Nor is most of W.D. Gann's stuff. Having said that, I reserve the right to be wrong. I cannot rule out that I will change my mind sometime in the future.
Have you had your trading plan checked ?
Off to bed now, way too late for me...
ProchargedMopar's Trading Trilogy
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- razorboy
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do you
stick your hand in a blender because you enjoy the feeling?
I honestly think that you do not get what PC laid out on that thread. He was pretty clear that back testing a specific method was essential to having the confidence to play it. All of the people I deal with who use DIBS or any other successful method have invested heavily in back testing it. This is not wack-a-mole at the county fair...........
You cannot be the casino without having a trading methodology that has a proven positive expectancy.
I have started trading at a prop firm - equities only, but using the one specific method that I manually back tested across 25 years of data on 3 currency pairs - and guess what, it still works on other securities and commodities and probably cannot be gamed by trading algos. Other people on the trading desk sit around talking about "what they think price will do" or "what price should have done" or that the "market isn't behaving right" or "how they got shaken out of that trade because of X, Y or Z".
stop trading and start manually back testing. The whole concept of "trading what you see" only works if you know what you are seeing.........and for the most part am not silly enough to know what I am seeing all the time
I honestly think that you do not get what PC laid out on that thread. He was pretty clear that back testing a specific method was essential to having the confidence to play it. All of the people I deal with who use DIBS or any other successful method have invested heavily in back testing it. This is not wack-a-mole at the county fair...........
You cannot be the casino without having a trading methodology that has a proven positive expectancy.
I have started trading at a prop firm - equities only, but using the one specific method that I manually back tested across 25 years of data on 3 currency pairs - and guess what, it still works on other securities and commodities and probably cannot be gamed by trading algos. Other people on the trading desk sit around talking about "what they think price will do" or "what price should have done" or that the "market isn't behaving right" or "how they got shaken out of that trade because of X, Y or Z".
stop trading and start manually back testing. The whole concept of "trading what you see" only works if you know what you are seeing.........and for the most part am not silly enough to know what I am seeing all the time
prochargedmopar wrote:Quote from Peter Crowns (DIBS) pdf. on FF
What is everybody's problem? Don't you know that only losers get so freaked about having
losses???? Losses are just losses. Make sure they are smaller than your winners, in aggregate,
and you're home free. I suppress more frustration at this stupidity than you can imagine. Your mental state of trading is KEY.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
Re: do you
razorboy wrote:stick your hand in a blender because you enjoy the feeling?
I honestly think that you do not get what PC laid out on that thread. He was pretty clear that back testing a specific method was essential to having the confidence to play it. All of the people I deal with who use DIBS or any other successful method have invested heavily in back testing it. This is not wack-a-mole at the county fair...........
You cannot be the casino without having a trading methodology that has a proven positive expectancy.
I have started trading at a prop firm - equities only, but using the one specific method that I manually back tested across 25 years of data on 3 currency pairs - and guess what, it still works on other securities and commodities and probably cannot be gamed by trading algos. Other people on the trading desk sit around talking about "what they think price will do" or "what price should have done" or that the "market isn't behaving right" or "how they got shaken out of that trade because of X, Y or Z".
stop trading and start manually back testing. The whole concept of "trading what you see" only works if you know what you are seeing.........and for the most part am not silly enough to know what I am seeing all the timeprochargedmopar wrote:Quote from Peter Crowns (DIBS) pdf. on FF
What is everybody's problem? Don't you know that only losers get so freaked about having
losses???? Losses are just losses. Make sure they are smaller than your winners, in aggregate,
and you're home free. I suppress more frustration at this stupidity than you can imagine. Your mental state of trading is KEY.
I just see how and where the money is flowing and I step right in front of it, maybe that makes me a professional gambler
- prochargedmopar
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Forward test on demo....LOL, Might start next week if this week is crappy live trading.
2 Trades London
I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.
Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.
Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)
Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
Exited 1-2 min before the big candle took off at lightning speed.
2 Trades London
I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.
Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.
Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)
Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
Exited 1-2 min before the big candle took off at lightning speed.
Last edited by prochargedmopar on Mon Dec 21, 2009 9:50 am, edited 1 time in total.
#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
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.
2 Trades London
I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.
Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.
Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)
Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15
Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
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- razorboy
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the difference being that a poker player should actually know when to fold them and when to hold them
MightyOne wrote:prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.
2 Trades London
I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.
Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.
Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)
Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15
Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- razorboy
- rank: 500+ posts
- Posts: 627
- Joined: Tue Oct 21, 2008 2:06 am
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- Contact:
the difference being that a poker player should actually know when to fold them and when to hold them
MightyOne wrote:prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.
2 Trades London
I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.
Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.
Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)
Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15
Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
- razorboy
- rank: 500+ posts
- Posts: 627
- Joined: Tue Oct 21, 2008 2:06 am
- Reputation: 0
- Location: Toronto
- Gender:
- Contact:
the difference being that a poker player should actually know when to fold them and when to hold them
MightyOne wrote:prochargedmopar wrote:Forward test on demo....LOL, Might start next week if this week is crappy live trading.
2 Trades London
I shorted at the bottom of a channel and right into demand level....was taken off H1 chart but should have known by looking at m5/m15 it had to go up more first.
Immediately re-entered when I was stopped because I had an even better price to enter and was near a strong supply pivot, better to wait for this entry next time. Trading in middle of chart stinks.
Moved TP up some from original target to get a 1:2 trade out of it so as to cover 1st trades loss and get decent profit..(bad way to think, f the first loss)
Anyway, emotions took over after many hours of total calm and seeing much profit a number of times.
GBP/USD 1 S 1.61484 1.61221 +26.3 2.63 0.00 12/20/2009 21:48 12/21/2009 03:57
GBP/USD 1 S 1.61266 1.61514 -24.8 -2.48 0.00 12/20/2009 20:06 12/20/2009 21:40
2 +1.5 0.15
Like a game of Chicken or Poker it is all about how long you can Hold'em not how fast you can Fold'em.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!
http://thejoshkerbelproject.com/
http://thejoshkerbelproject.com/
Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.
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