test-3-CLOSED (By forex_trader_79941)
The user has deleted this system.
test-3-CLOSED Discussion
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 10:21
currently I am on phase 4.
I wonder if I can manage to change the cycle and start winning again.
Phsycology(Ph) of a trading account:
1- start of an account:
with every start I afraid of having loosers but also feel confident that Patterns works well.
2- first days:
when start trading with new account I do not think very deep and trade the patterns I should. this system carry me to a good profit level.
3- trading with an account in good profit with very low %DD.
at that stage I want to keep my profit and strat cut my winners short and run my loosers long until SL which on most of them I should exit before SL.
4- start loosing the profit.
when strat loosing profit and come down to initial deposit I get angry to my self and strat trading extreemly aggresive to get back the same level in 1 day which I had that level in 3 days before. and this bring more loss.
5- loosing loop.
now I am in loosing loop. trying to be more stable and trying to keep the profit is taking all proft + initial deposit away.
6- account destroyed
at the end I destroy the account.
now I should overcome that period as I did daily loop.
walker
I wonder if I can manage to change the cycle and start winning again.
Phsycology(Ph) of a trading account:
1- start of an account:
with every start I afraid of having loosers but also feel confident that Patterns works well.
2- first days:
when start trading with new account I do not think very deep and trade the patterns I should. this system carry me to a good profit level.
3- trading with an account in good profit with very low %DD.
at that stage I want to keep my profit and strat cut my winners short and run my loosers long until SL which on most of them I should exit before SL.
4- start loosing the profit.
when strat loosing profit and come down to initial deposit I get angry to my self and strat trading extreemly aggresive to get back the same level in 1 day which I had that level in 3 days before. and this bring more loss.
5- loosing loop.
now I am in loosing loop. trying to be more stable and trying to keep the profit is taking all proft + initial deposit away.
6- account destroyed
at the end I destroy the account.
now I should overcome that period as I did daily loop.
walker
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 10:22
due to afraid off loss I did not take 3 patterns this morning. and then took 2 trades without pattern.
as usual!
as usual!
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 10:52
I will keep all trade accounts at my portfolio to see what the hell am I doing!
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 10:52
got one patterned trade. but 3 pip early exit. old bad habit!
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 11:34
got another patterned long.
today predicting the pullbacks are difficoult.
it is either too fast or too slow.
today predicting the pullbacks are difficoult.
it is either too fast or too slow.
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Jun 18, 2012 at 12:01
if a pattern, then can you use a Limit order for entry?
if a pattern with needed confirmation, Program the confirmation into a script, therefore you can only enter when the confirmation is valid. I've done this myself for the same reasons above.
if a pattern with needed confirmation, Program the confirmation into a script, therefore you can only enter when the confirmation is valid. I've done this myself for the same reasons above.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 12:07
thanks for the input Will
but unfortunatelly those patterns can not be coded.( at least with my knowledge of coding ) I am well experienced coder but fail at every try.
but unfortunatelly those patterns can not be coded.( at least with my knowledge of coding ) I am well experienced coder but fail at every try.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 12:12
first I find a attern. and then I check where the pattern is in overall picture.
all patterns are bidirectional.
all patterns are bidirectional.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 13:12
missed one long.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 14:06
got another very painfull long to limit
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 14:35
missed a grreat short!
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 16:13
did not take one long (winner).
it was too bumpy and could take SL.
it was too bumpy and could take SL.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 16:56
missed another short.
missing too many today.
2 winners
2 loosers
daily %6 gain.
done for today.
missing too many today.
2 winners
2 loosers
daily %6 gain.
done for today.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 16:57
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Jun 18, 2012 at 19:31
stevewalker posted:
thanks for the input Will
but unfortunatelly those patterns can not be coded.( at least with my knowledge of coding ) I am well experienced coder but fail at every try.
s/r bounce right. like price hits a level, becomes resistance, wait for price to break above R and then wait for that R to become support and then take the Bounce off supprt?
forex_trader_32776
Member Since Mar 28, 2011
1008 posts
Jun 18, 2012 at 19:33
the winning sell and your last buy are good examples of the pattern . those are your trades below
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 20:31
most of the time I wait for double jump.
it first make a jump. then pull back and then enter the second jump.( most of the time )
some times I take first jump.
but very rare take the third or forth. needs momentum.
it first make a jump. then pull back and then enter the second jump.( most of the time )
some times I take first jump.
but very rare take the third or forth. needs momentum.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 20:33
BTW ı do not use any indicator like S/R. they all make everything more complicated.
's/r bounce right. like price hits a level, becomes resistance, wait for price to break above R and then wait for that R to become support and then take the Bounce off supprt?'
this is correct for seconf jump.
but at the end this action should match with the overall picture.
's/r bounce right. like price hits a level, becomes resistance, wait for price to break above R and then wait for that R to become support and then take the Bounce off supprt?'
this is correct for seconf jump.
but at the end this action should match with the overall picture.
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 20:40
first 2 loosers were not be traded.
I did not take 3 patterns before those and after that get angry to myself and took those ones.
they also could be profitable but pulled back too much.
I did not take 3 patterns before those and after that get angry to myself and took those ones.
they also could be profitable but pulled back too much.
ForexScam posted:
the winning sell and your last buy are good examples of the pattern . those are your trades below
forex_trader_79941
Member Since Jun 06, 2012
1439 posts
Jun 18, 2012 at 21:13
correction
3 winners
2 loosers
3 winners
2 loosers
stevewalker posted:
missed another short.
missing too many today.
2 winners
2 loosers
daily %6 gain.
done for today.
