Sept 2009
Wins 7
Losses 4
Profit 3.4R
August 2009
Closed Trades: 15
Wins: 9
Losses: 4 (1 loss was stopped by 2 pips at a round number. Obvious error - putting stop at x.99 on a short trade)
Break Evens:2 (I had no business to exit one of these that ultimately went 2:1 only hours after I bailed).
Profit: 4.75R
July 2009
Closed Trades: 8
Open Trades: 0
Wins: 7
Losses: 0
Break Evens:1
Profit: 7.7R
(Two trades went 1:1 and I closed at .2R and BE; 1 trade went 2:1 and I closed at 1.25R)
June 2009
Closed Trades: 22
Wins: 14
Loss: 7 (one moved 1:1 and I let go to -1)
Break Even:1 (moved stop to break even at 1:1 and was stopped out)
Profit: 6.3R
________________________________________________________
May 2009 : Still trading this method. I started posting trades again since May10(ish) 2009. I kind of missed the updating of the thread.
15 trades posted live in May.
11 Wins
2 break even
2 Losses
(Over 700 pips profit)
Profit of 9*Risk
The method has been simplified even further in post 235 on page 16. However it remains unchanged.
I define a trend (direction of 1 moving average)
I define a pull back (osscillator at extreme)
I like s/r (horizontal s/r....I am not a fan of diagonal trend lines).
I wait for trigger (price action like Pin Bars, Outside Bars, breaks of inside bars).
December 2008 - began trading again on 18th December.
12 Possible days:
Risk 1% per trade
8 trades
7 wins
1 Break Even
0 Losses
Result : + 8.8%
The performance of March and April 2008 ( shown below) was promising. The account was growing at over 10% per month and the win rate was ok (around 70% for 'A' trades). However I wanted the approach to be even better. So I spent the last 7 months looking at indicators on the 5minute and 30minute charts in an effort to find "improvements".
This proved to be fruitless. I am now right back to where I was when I first started this thread. That is: simple robust methods work, and attempts to make wholesale improvements just cause the performance to degrade.
So I am taking up this style of trading again....only now I have 7 months of watching the markets (full time) under my belt....something I did not have when started this thread. I have learned to trust support and resistance....trade with the trend....trust breakouts of S/R when the market builds pressure right on the S/R area. When I started this thread (results below) I knew nothing of S/R and was just entering on pull backs. So I have a few more strings to my bow now.
March 2008: 20 closed trades: +652 pips (14 wins, 1 B/E, 5 losses)
18 of these trades were taken in the last two weeks of march 2008.
April 1 to April 17 2008
19 closed trades: (12 wins, 7 losses)
Profit of 4.5 x Risk (9% increase of the equity this month)
May 2008 - commitment to only taking "A Trades" and therefore reducing the number of trades taken
3 closed trades (3 wins, 0 losses) (THEN I STOPPED TRADING THIS METHOD FOR 6+ MONTHS)
Profit 6%
Wins 7
Losses 4
Profit 3.4R
August 2009
Closed Trades: 15
Wins: 9
Losses: 4 (1 loss was stopped by 2 pips at a round number. Obvious error - putting stop at x.99 on a short trade)
Break Evens:2 (I had no business to exit one of these that ultimately went 2:1 only hours after I bailed).
Profit: 4.75R
July 2009
Closed Trades: 8
Open Trades: 0
Wins: 7
Losses: 0
Break Evens:1
Profit: 7.7R
(Two trades went 1:1 and I closed at .2R and BE; 1 trade went 2:1 and I closed at 1.25R)
June 2009
Closed Trades: 22
Wins: 14
Loss: 7 (one moved 1:1 and I let go to -1)
Break Even:1 (moved stop to break even at 1:1 and was stopped out)
Profit: 6.3R
________________________________________________________
May 2009 : Still trading this method. I started posting trades again since May10(ish) 2009. I kind of missed the updating of the thread.
15 trades posted live in May.
11 Wins
2 break even
2 Losses
(Over 700 pips profit)
Profit of 9*Risk
The method has been simplified even further in post 235 on page 16. However it remains unchanged.
I define a trend (direction of 1 moving average)
I define a pull back (osscillator at extreme)
I like s/r (horizontal s/r....I am not a fan of diagonal trend lines).
I wait for trigger (price action like Pin Bars, Outside Bars, breaks of inside bars).
December 2008 - began trading again on 18th December.
12 Possible days:
Risk 1% per trade
8 trades
7 wins
1 Break Even
0 Losses
Result : + 8.8%
The performance of March and April 2008 ( shown below) was promising. The account was growing at over 10% per month and the win rate was ok (around 70% for 'A' trades). However I wanted the approach to be even better. So I spent the last 7 months looking at indicators on the 5minute and 30minute charts in an effort to find "improvements".
This proved to be fruitless. I am now right back to where I was when I first started this thread. That is: simple robust methods work, and attempts to make wholesale improvements just cause the performance to degrade.
So I am taking up this style of trading again....only now I have 7 months of watching the markets (full time) under my belt....something I did not have when started this thread. I have learned to trust support and resistance....trade with the trend....trust breakouts of S/R when the market builds pressure right on the S/R area. When I started this thread (results below) I knew nothing of S/R and was just entering on pull backs. So I have a few more strings to my bow now.
March 2008: 20 closed trades: +652 pips (14 wins, 1 B/E, 5 losses)
18 of these trades were taken in the last two weeks of march 2008.
April 1 to April 17 2008
19 closed trades: (12 wins, 7 losses)
Profit of 4.5 x Risk (9% increase of the equity this month)
May 2008 - commitment to only taking "A Trades" and therefore reducing the number of trades taken
3 closed trades (3 wins, 0 losses) (THEN I STOPPED TRADING THIS METHOD FOR 6+ MONTHS)
Profit 6%