Discussion Iceberg System PAMM

@fxmath

Thanks for the motivation..................I am indeed expecting an increase in win rate % and an increase in average pips won as well as a slight decrease in the number of trades per day. Let's see how this plays out in the coming months ahead.....

Optimization done.....Took alot longer than I though but we can finally move on now...... I need all the luck in the world now.

I am working overtime just fine tuning a scalping module variant to launch next month.......Also will be uploading the system on here. In the mean time will look to crawl out of the - 10,000 pips.....This is where actually where it all begins........

This is where it all begins........ *

Good luck sir.

Open trades are now public........

iceberg12 posted:
I am working overtime just fine tuning a scalping module variant to launch next month.......Also will be uploading the system on here. In the mean time will look to crawl out of the - 10,000 pips.....This is where actually where it all begins........

Actually, trading is not easy. Even we should not sure how many percentage or pips we got in a month.
Because it depend of price movement pushed by "something", and after some time .. chart will always run not as same as we thought. Trust me. It is the big dangerous game if we have no talent for this.

Maybe we ever heard from the masters, said about this :
---------------
1. If you are unsure whether to trade or not, or have the impulse to "just go for it", then for a while you must stop. Because there will be tons opportunities next day. Smart traders always wait for them. Hold it .. wait... wait.. until strong Support or Resistance hit .. no matter how long it is. Successful it needs to sacrifice something, .. time, patience .., upset ..
2. Stay focused. Some people are great at multi-tasking, and unfortunately .. some are not.
3. If you loose on your 4th trades, do not double up again. Turn off your computer and start walking to the mall and keep your brain fresher. You can fix the loss today for tomorrow or even next week. Remember, it's not what you make today, it's what you can pocket at the end of the month that really counts.
4. Beware of the market trap, always get ready, sometimes happen.
5. Have fun and able to enjoy. But if you don't find trading is exciting, then this stuff may not be for you. Because trading psychology is our real enemy. Our enemy, is ourselves. It played like this : We will get the loss as deep as what we want to revenge or fight it back. Then the brokers and the regulator loves you so much. So, please don't let it happen.
6. In fact, more than 90% traders loss. Let's keep it in mind, realize that .. how so interesting for many new brokers was born every year arround the world, hundreds or even more.
-------------

We need to write it down this on the wall to remind .. at anytime 😲 , and talk is cheap, is right :)
Sometime I imagine, how if I have family in ECB, FED, BoE or BoJ, may be trading is feel easier 😁

Ice, good luck and may God bless you.

ahuruglica posted:
Good luck sir.

Thank You

iceberg12 posted:
Open trades are now public........

You have many pairs, I can't do that.
Great multi-tasking ability is needed.

AUD/USD.
If you're agree with my current position on next support for AUD/USD, you can take it as martiangle - breakeven for your AUD/USD, but we must wait until current Support at 0.90617 broken. Otherwise, AUD/USD could breakout from current Resistance at 0.91428 and off course my pending-order could be .. useless :)

A was gonna comment about number of pairs. There is almost no way a strategy can perform on every pair. Try reducing the number of pairs, only those that work. Also I don't know about your strategy, but I think it flips to often long or short. Makes losses both sides. Try to filter out with a higher time frame.


Yohana

Abotu AUDUSD, my view is that while below 0.9149 the pair can turn lower, maybe below 0.9000 (up to 0.8963). It is just my view, lets see what is the market view.

yohana posted:

iceberg12 posted:
I am working overtime just fine tuning a scalping module variant to launch next month.......Also will be uploading the system on here. In the mean time will look to crawl out of the - 10,000 pips.....This is where actually where it all begins........

Actually, trading is not easy. Even we should not sure how many percentage or pips we got in a month.
Because it depend of price movement pushed by "something", and after some time .. chart will always run not as same as we thought. Trust me. It is the big dangerous game if we have no talent for this.

Maybe we ever heard from the masters, said about this :
---------------
1. If you are unsure whether to trade or not, or have the impulse to "just go for it", then for a while you must stop. Because there will be tons opportunities next day. Smart traders always wait for them. Hold it .. wait... wait.. until strong Support or Resistance hit .. no matter how long it is. Successful it needs to sacrifice something, .. time, patience .., upset ..
2. Stay focused. Some people are great at multi-tasking, and unfortunately .. some are not.
3. If you loose on your 4th trades, do not double up again. Turn off your computer and start walking to the mall and keep your brain fresher. You can fix the loss today for tomorrow or even next week. Remember, it's not what you make today, it's what you can pocket at the end of the month that really counts.
4. Beware of the market trap, always get ready, sometimes happen.
5. Have fun and able to enjoy. But if you don't find trading is exciting, then this stuff may not be for you. Because trading psychology is our real enemy. Our enemy, is ourselves. It played like this : We will get the loss as deep as what we want to revenge or fight it back. Then the brokers and the regulator loves you so much. So, please don't let it happen.
6. In fact, more than 90% traders loss. Let's keep it in mind, realize that .. how so interesting for many new brokers was born every year arround the world, hundreds or even more.
-------------

We need to write it down this on the wall to remind .. at anytime 😲 , and talk is cheap, is right :)
Sometime I imagine, how if I have family in ECB, FED, BoE or BoJ, may be trading is feel easier 😁

Ice, good luck and may God bless you.

Thank you for your positive message and advice...........I will need all the luck I can get for I know this is a great challenge ahead of me.

ahuruglica posted:
A was gonna comment about number of pairs. There is almost no way a strategy can perform on every pair. Try reducing the number of pairs, only those that work. Also I don't know about your strategy, but I think it flips to often long or short. Makes losses both sides. Try to filter out with a higher time frame.


Yohana

Abotu AUDUSD, my view is that while below 0.9149 the pair can turn lower, maybe below 0.9000 (up to 0.8963). It is just my view, lets see what is the market view.

Yes, Ardit. We have the same resistance.
Your intraday technical in wave and chart pattern is good :)
I did it for years ago and currently I have simplify as shown at my screenshot above.
I have 3 scenarios, 1) AUD/USD expected breakdown to next Support 0.89470 with "catch falling knife - buy-limit" on it, or 2) buy-stop above Resistance (blue line) as breakout strategy, and 3) wait retracement after breakout buy-limit at previous Resistance become support @ 0.91428.

Even on one pair, it seems complicated, right? :)

Thanks Yohanda

Markets has been very choppy these days. Maybe the best trade is to stay away. Even waves seem complicated, I try to trade them in a more simplified way.

So far these few months, only YEN pairs are working. EURUSD is a killer.

Iceberg Intraday should start trading sometime today...............Just uploaded the account.
Another system Iceberg Spectrum is on the way and still being fine tuned.....

This has been one hell of a ride................I'm glad that I am still hanging in there despite everything........I would like to to thank all for the feedback.....both positive and negative.

It's been mo worse three months in a long time. So you're not alone ;)

ahuruglica posted:
It's been mo worse three months in a long time. So you're not alone ;)

Yes, it is the truth. even the bank , big player have loss today :)

2013/12/05 18:19:00 BNPP Stopped Out Of Short EUR/AUD Post-ECB
1619 GMT [Dow Jones] A less dovish than expected ECB and a constantly underperforming AUD has put paid to BNP Paribas's short EUR/AUD trade. The bank sold the cross on November 28 at 1.49 with a 1.4250 target and a protective stop at 1.5105. The latter was triggered this afternoon amid a general rally in euro crosses, which the bank says appears strongly linked to the move high in US yields, something that has also weighed heavily on AUD. EUR/AUD now at a fresh 42 month high of 1.5148. ([email protected])

I would like to wait EUR/AUD at 1.5239 :)

there are two waiting positions for eur/aud, I hope :)

Lol, good to see big banks getting stopped :) Thanks.

Actually today I was profitable, my short entries on EURGBP was triggered, and I'm not feeling comfortable about that. Stop 0.8393.


We have very similar views, but mine more complicated. Big resistance lies between 1.52257 and 1.52791. So you have good chances for it to get trigger. Didn't get what was the second sell order, but don't make it higher than my chart. Fib. extensions can do wonders sometime. Don't use too much leverage, then built up the position as it goes downside. Also positive swaps.

I'm keeping an eye on it too. Normally I don't short on such a rally until it shows a clear 5 wave decline (1 to 5 min chart) after rejection from that area.

Mr. Dolcy, I beg you pardon we are commenting on you strategy.