Dons trading journal GBP/USD

[Don4 10]

thanks torero for the words of encouragement,I talked to the broker last night and they said there was nothing they could do about my problem, we did find out the problem though, when they linked the accounts together i was having problems switching from account to account and i had to go into the platform and check the acct,sym option in all my windows.well i did that and it worked great,but the problem was that i use 2 different computers and i thought it would automaticly change within the platform. So i didnt even think about changing it manually on the second pc.So while i was placing my orders even though it was saying order rejected somehow the orders was going on my hedge account!!!!! All they would have to do is look at the time the orders was rejected on 1 account and the time the orders was placed on the hedge account. But they said they only keep the order rejects for a short period of time and delete them. So there is know way to tell. But i will contact justin today when he gets in. If nothing is done than o well no since in crying over spillt milk:) any thoughts about this torero?

[torero 10]

No idea. I never have 2 accounts with the same broker so I'm not sure about this problem you're having. Reason why I don't go with same broker is when the order server goes down, both accounts are screwed. So might want to think about this. Better to hedge your original at another broker to be really diversified. Hope that helps.

[Don4 10]

ok thanks,torero

[Don4 10]

Ok, while i was trying to see if anyone could help me at mb trading about fridays mix up, i looked at my trading platform to see my tp was hit on todays trade!!

 

 

so +78 pips or 4% for the day.

[Don4 10]

Im just trying to figure out how to post my trades,from my main account i trade from im up 12%,and following fridays desaster I lost 20% I guess it wasnt free a free lesson after all:confused: So for now on when i post my gains ill post it % gained only because the pips really dosent matter i could have negative pips and a positive account or positive pips and a negative account because its always figured by % in the end.

 

 

 

 

So with that said

 

-8%

[Don4 10]

I just want to let everyone know,make sure that if u open 2 accounts and have them linked together with efx or mb trading,dont forget to sync all windows before u ever start trading. Learn from my mistakes!!

 

PS I dont blame efx or mb trading in any way,it was my fault for not being more educated on their platform.

[Don4 10]

Ok, no trades today!!!

[Don4 10]

Well right now im long with a TP of 1.9696 just have to wait around and see what happens!!!

[Don4 10]

Still waiting,maybe Bernanke can push things up with his 10:30 speech:D

[Don4 10]

Ater being in pretty good profit I was stoped out for -2%

As expected this will happen many times its only building more confedence in me to see it auctually going as the backtesting results did. Even though i will realize last fridays major loss because of my misunderstanding with the platform, I would like to say that the system had nothing to do with that loss!!! I will keep track of my trades in excel file for how it should have happened only to compare results with my backtesting.

 

Total- -10%

 

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1174&stc=1&d=1175102905

MaxDrawdown.xls

[torero 10]

Did this trade take place before the Bernanke speech? Or after?

[Don4 10]

Hey torero, Before the speech.

[Don4 10]

Just settled down to look at this mornings trade, I was short, looks like i was stopped out to the pip! so -2%

 

 

 

 

Total- -12%

[Don4 10]

While driving to work this morning(you guessed it) I was thinking:D I was trying to find something that compares to trading that i have experienced,and i figured it out, hunting. (indicators)Think about it, in hunting u have so many products out there whether it be scents,scent blockers,gamecalls,tracking cameras u name it they got it people buy into these products looking for any edge they can find,if it doesnt work a couple of times they move on try something different.(All the products in the world isnt going to do a bit of good without applying whats written below). Hunting requires alot of patience and dedication,you dont just run in the woods with all your fancy gear thinking your going to kill the state record you may see some deer but getting a shot may be another story,although some people get lucky every now and then: (Backtesting)You have to have dedication, scouting months before season even begins, looking for a good area to hunt to try and almost pattern the deer in that area. Looking for bedding areas,trails,feeding areas scrapes,rubs etc..placing game camras just trying to understand their actions and looking for the best possible location for a stand.(Trade setups) Patience,sometimes u will set from daylight to dark through rain, sleet and snow without even seeing a deer for days or even weeks passing up smaller bucks in hopes that u may see a trophy. Some will take the first shot of the the first buck that crosses their path and always wonder why they can never find that mega buck !!! (Entering the trade)Now that your patience and dedication has payed off and your in a position to take that shot of the trophy buck, not knowing what to expect when u pull the trigger, but u know that through trial and error to even make it to this point is a great accomplishment. Win or lose the outcome doesnt matter as much because you are starting to find your edge. You understand what it takes and once your there ,there is no looking back !!!!!!

 

So with that said i dont chase the markets,i dont even care where it goes i place my limit orders(the stand) and set patiently and wait. I let the market come to me If it doesnt come to me then o'well, there is always tomarrow,i dont care what technicals or fundamentals im trading against although sometimes while in a trade i will watch and see how things play out, it doesnt have any decision on the way i enter a trade. So weither this system passes the test or not, it does not matter i will be thankful for the system i have created, for opening my eyes and giving me a better understanding what needs to be done. As with traders and hunters there are many different types.What works for me may not work for u. Its up to each person to find what works for them ,its not something that can be handed to u on silver platter, its whats within yourself!!!

[Don4 10]

TP hit +4%

 

 

 

Total- -8%

[Pippy23 10]

Just settled down to look at this mornings trade, I was short, looks like i was stopped out to the pip! so -2%

 

 

 

 

Total- -12%

 

Shoot, too bad. I held no position for cable today(though I actually was considering long after I heard about the news on china), what can ya do though, eh .

[Don4 10]

Shoot, too bad. I held no position for cable today(though I actually was considering long after I heard about the news on china), what can ya do though, eh .

 

 

 

Thats it pippy,u win some u lose some.

[Don4 10]

Ill go ahead and post my excel sheet(max drawdown) at the end of every week.

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1196&stc=1&d=1175298870

MaxDrawdown.xls

[torero 10]

What's the drawdown in terms of points or pips?

[Don4 10]

Here ya go torero!

 

 

 

Pips won- 210

Pips lost- 67

 

Total pips- +143

 

Win%- 57%

[Don4 10]

Today there was no trade taken.

[torero 10]

Very nice!

[Don4 10]

Thanks torero,as i said at the begining this is going to be a very slow process and honestly i dont feel a need anymore to jump in and trade just to be trading, if it doesnt come to me then i could careless. You asked me a while back what the maxdrawdown was on my backtesting ,sorry i didnt answer you then, i must have overlooked it but the answer is 8 consecutive losses -16%.

[Don4 10]

Well ive been into this trade(short) since the early morning hours this is the longest trade ive been in since starting this journal. Ive mostly been outside helping my father with his camper,fooling around with the horses,and yes playing with the kids. Checking the charts everynow and then. Im finding out that finding other things to do helps you from getting to attached to the trade!! (Boredom will make you do some crazy things) Anyway i have a TP of 1.9710 so i guess we will see how it goes!!

[Don4 10]

Woke up this morning and yesterdays trade was still active,had another signal to sell so im doubled up, first TP at 1.9710 second at 1.9679. Just have to wait now and see how it goes.