mmh… takes too long to go up…
i’m not sure anymore. 
for me it’s mixed atm
for me… setups = hard
robot… i see continues profits… when switching to manually trading… then it goes wrong.
so i will personally focus on robot trading only automated after all.
end of this week i do have the test results of 2020/2021. then this is it…
Is it trend line analysis? Where will my stop loss be if I enter this trade?
atm i bought GBPJPY till 163
stop below daily low…
example 0.1 lots (E 400)
Stoploss 150.8 = -E 100 (-25%)
Target = 163 = +E 860 = +200%
-25% / +200% ratio = 1/8 = very nice!
it is
multiple pair / indices analysis (trying to read the GBPUSD etc. so probability is up)
stop level analysis
multi timeframe -> GBPJPY towards 202 upcoming 2 years by fundamental analysis (brexit and crisis have downsized the pond) / channel / fibo analysis.
fibo analysis the GBPUSD pair.
pattern analysis, the F shape or 50 retracement
trading with the trend! (up)
trading only daily timeframe (higher prob)
and channel analysis…
and new weekbar … = inside bar trading.
then waiting for big down = big up! (otherwise robots / traders continue the down trend. oversell of the short timeframe needed)
happy trading!
PS at the H1 timeframe a new F shap has been formed = conformation for buy! (sentiment has changed -> big up, 50 retracement down…)
btw robot is performing 5-10% each month and stop = 5%. 1 pos max open.
i will start trading automated 1 jan 2022 if test of 2020 & 2021 is ok. 0.01 lots / E 200. max down 20%. PF 2.0 Year is ok (less risky)
mmh still falling. USDJPY could lower 60 pips more. GBPUSD is rising. Stop at 150.50 GBPJPY?
cancelled buy position -170 atm.
330 left.
once more (final buy) at 149.
500 -> 1200 (+140%)
2nd buy of 13 = possible new setup.
think we still have to wait until bounce of GBPJPY 1.32 and fat resistance zone of GBPJY
Think this is final setup i ll do. Robot is PF 4.0 (2years). I prefer no stress and steady profits vs trying high prob setups.
1.6 and 200 trades = 1.6 V 200 = 1.0024. So doing +0.25% each trade. Do prefer the little step approach.
I will buy GBPJPY if open price is below close price… then I think closing the gap will continue in rally up. otherwise… limit buy 149.50 if missing… then euros in robot by 1 dec
Many people have reached the pinnacle of success in trading. George Soros, Joe Lewis, Paul Tudor Jones, Stanley Druckenmiller, these famous traders are his examples. Proper planning and discipline have helped these traders to succeed and they have earned millions of dollars.
Do you know how they succeeded?
I know some quotes I’m using of famous traders.
- some quotes i’m using atm:
something like… don’t go for chicken when you are hunting cows (dont know exact quote)
it means… do not sell gbpjpy atm for potential 100 pips down… wait for 1000 pips up move…
- trading is: no… no… damn i doubled!!! = 1x wrong cut losses, 2x wrong… small loss. 3rd time +100% (that is what we are doing atm) see picture below.
some more…
less is more!!
better do 13X 100% setup = 100 x 2^13 = E 100 x 10.000 = E 1 million.
dont do 10000 trades 60% winning but not going anywhere…
and:
Albert Einstein once described compound interest as the “eighth wonder of the world".
we are using compounding at it’s ultimate way atm by doing 2 ^ 13.
I think every trader has a specific plan. And without patience, the trader cannot succeed. First of all, the trader has to be patient and plan and control their emotions. Then you can be like successful traders.
Jip! For me personally as explained before… these setups are not my favorite, because…
-First 2 entries wrong (for me) -> -25% equity… I am starting to get a bit emotional or stressy then.
-I need to check the market at least twice each day.
-By doing it manually, it’s not fully standardised. I do love statistics/math/facts.
atm I’m trading PF Year 3 tot 4. Backtest 2020-2021.
I just like the idea of sleeping and getting rich… and it’s going really fast i think.
PF Year 3 (conservative prediction):
Start 1k
year 1: 3k
year 2: 9k
year 3: 27k
year 4: 81k
year 5: 250k
year 6: 750k
- 5k month commissions zulutrade of investors? Some of the earnings I’m able to reinvest. I think this plan is even stronger? What do u think? How do u feel about this strategy?
So I’m not going in GBPJPY or GBPUSD next week. I will send over just E 100 to IC markets account. Then the PC is doing the work from now on and the robot is able to start @ 1 dec 2021.
