Quote:
Originally Posted by dpaterso
Another 'by the way'!!!
I have just got to tell you all that I'm feeling extremely despondent right about now - about this 'system' and everything.
I mean - I am battling to understand how - in the space of a month or so - I managed to make a 114% capital gain - and now - since the beginning of this month - have pretty much taken loss after loss after loss. I mean - I'm not doing anything different here - so what's changed???
This is EXACTLY what I was afraid of (last month) i.e. was this just 'luck' i.e. being in the right 'Parabolic SAR place' at the right time last month??? Is it because I am not following my own advice and seeing the trades through no matter what??? What is it???
I mean - I find myself looking at each and every chart - all day - looking for reasons WHY this was a good trade and WHY that was a bad trade and WHY WHY WHY!!! It's driving me nuts!!!
I can look at a chart of any of the 44 pairs and say 'well - that was a good place to enter because . . .' or 'there was no conceivable reason for me to not take that trade' and the trade has turned bad. Then I can look at another chart and the reasons for NOT taking that trade (based on Parabolic SAR and MACD and Akram's 'Alligator' and, and and, . . .) are absolutely SCREAMING at me - and yet - somehow - that trade managed to turn a HUGE profit in some cases.
Then I find myself thinking 'this is why I lost interest in forex trading in the first place' i.e. trading the Indices is a whole different world from trading forex pairs.
Then I find myself thinking 'but hang on - you started this all - it was an 'experiment' at first - which just happened to pay off BIG TIME from the 'get go' - so what now'???
I mean - here I thought I'd be winning Delta's competition this month!!! At the moment I'm feeling like I'll be lucky to have an account LEFT let alone winning the competition!!!
Maybe I'm just tired (I do know from past experience that when I get like this the best thing to do is take whatever profit / loss is 'on the table' and walk away - because otherwise - I get into this 'I WILL find a profitable trade even when I don't see one in front of me' mood - and - needless to say - this has ALWAYS turned to disaster). Not only that - but then I would AGAIN - be going against everything I've said in this thread!!!
I mean - although I'm still 'up' on this account - because of my 'windfall' last month . . . Actually - that's the problem i.e. I need to know or be able to prove that last months 'action' was NOT a windfall!!!
That's the problem with this business (for me anyway) i.e. the 'highs' are 'HIGHS' (when you're making a profit) but the 'lows' are 'REALLY LOW' when you're not making money i.e. the 'lows' are not 'proportionate' to the 'highs'!!!
Now I'm leaning on you guys - sorry - but I need a 'reality check' or a 'pep talk' or something like that!!!
I don't mean to depress you - I know it'll pass.
Why am I telling you all of this anyway!!!
Regards,
Dale.
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Dale,
stop beeing down please for god sack!!
Well i think Dale u open lots of postions like last month and it seems that the history is not always the same.There has to be some slightly changes after every move in the market and then it goes back to normal.
I think the strategy is perfect our main problem is that we can't predict if the market is going on trends or not this is our main issue here.
coz in trendy days when u use the pure PSAR what happen is that u gain alot when the market moves in sideways u will lose both ways!!! As u will never be able to make money
I was just trying to apply some indicators to check for any possible trends with the past trading days.to be able to know more about this crazy market how it moves.but i am still working on that
Dale or any one who follow Dale i think guys there is no system that can produce money 100% all the time.all what we need to do right now is to stop trading for a while and try to think why Dale made good money last month and why he is lossing now but i think it is still too late to do that now as the month is still away to be finished we may do that latter by the end of this month who knows Dale u might make good money this month too and all what u are saying about lossing is going to be changed (who knows).
I don't want u guys to be down from what Dale is saying as we still need to know lots of stuff .
Any thoughts?
Akram