South beach... it may seem chaotic...but i've been pulling in steady profits. As you can see from the time stamp on my trades...my method IS successful, so at least for the time i'm posting, there can't be much argued there. I also have about a 65% plus hit rate... and my winners are larger than my losers I base a LOT of my entries and exits on gut feel...watching markets for thousands of hours...seeing how trend react to S/R levels...etc. I could ALWAYS point to a single situation, and say "if this, i coulda that..." or.. "if that...then i woulda made this". I also know I don't always hold winners as long as I could. I am a day trader, and maybe you don't think day traders are worth their salt. Maybe your right! But...so far...so good. It all may come to an end..yes, but I tend to think markets will always trend, and price will continue to drive into areas of excess supply, and excess demand. If price shows me an indication of excess supply or demand, i will enter a trade. Now, if you have something useful to offer, please do so. For example...did you take this trade u mentioned from yesterday? If so... from where? What gave you the confidence to take it for 150+ pips? did you actually trade this with real money? How did you trail your stop? DO you trail your stop? If it "seems" like i'm throwing darts at a dart board...stick around, i'm sure you'll have the last laugh if you are correct. As for sticking with 1 pair...well, i have found that price action and trend occur in every liquid market in the world...so I choose a few that show consistent trend and price action...namely any combination of them major and commodity currencies, and trade whatever looks TO ME to be giving the best trend, PA, around SR levels. if you're interested, send me a PM, and i can provide you with my skype I.D. you can "watch" me trade, and ask questions as I do so for an evening. In turn...you tell me what you are watching and trading, and I'll ask you questions as well. Bottom line: if you can bring something to the table to open my eyes to a way that I can increase my profits ABOVE 4% - 8% per week, while risking about 1% or less per trade...i'm VERY interested to learn, and conversely, I will be happy to attempt to show you why I believe my trades are less throwing darts and more hitting bulls eyes. I have found, as Ed Seykota said: everyone gets what they want out of the markets... Funny thing is, it seems more people want to get vindication that they are right/superior/smarter/better trader/have a better method/etc than someone else.... when I believe the most important thing to REALLY want out of the market is the greatest amount of profit, for the least amount of risk/drawdown/whatever. I'm ALWAYS opening to learning something superior... let me know if u can help. Greg
Ah, go figure. I take my time to think about a good response to a guy who posts a somewhat negative comment...and he deletes it before I submit my response. Well,, i will leave my response up anyway. It won't make a lot of sense...but I think anyone will get the jist of it. bottom line: no trolls needed, but if someone genuinely has a critique, no matter how negative it comes across, i'm very willing to listen and learn more. Being driven to learn more has brought me this far... and I'm sure it will bring me to a level far above this in the future. Greg
by the way, 1.3765 target hit, for 1/5 % of total original 1.5% risked position, increasing my win for the night by about another 1%, total: approx 2.3%
taking about 1/15th of the 1.5% risked position at 1.3735. This will increase my account by 0.5% and FINAL portion of my trade, which equals about 0.20% of my account risked (13.5% of the initial risked position) at 1.3665 If this hits, it will increase my account by another 1.80%. giving a final potential profit of 5.6% for the trades taken today. WHO KNOWS if it will get there! I sure as heck don't, but I'm willing to give it a chance, since I now, worst case scenario, I have a 3.3% profit ofr the night, with a chance to make 5.6% total, even though I only have 0.28% of my total account balance in play. And again...not at risk...in play. Stops have been moved past B/E a while ago. Not bad for a first night back from vacation Greg
Well,still up, trading away... took CAD/CHF short at 0.9770, risking 0.6% Stop at 9795 1st target at 9745