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- jzw replied Mar 26, 2012
I'll repeat what I said in a different way. You may well blow-out but that would be a result of psychological not mathematical problems. Your trading plan has to take that into account and so its prudent to limit your risk to the 1-2% range. Anyway ...
- jzw replied Mar 25, 2012
The frequency of trades has nothing to do with the optimal bet size. IF you have a profitable system then 5% is probably not too much from a mathematical perspective. But most traders could not live with having 50-70% drawdowns that a high risk% ...
- jzw replied Feb 2, 2012
Looking back I can say that I only really learnt to trade after doing it full time. I thought I knew what I was doing but there is a big difference between theory and practice. Why not take a week off work and see if you can make money every day. ...
- jzw replied Feb 1, 2012
That doesn't make any sense, risking less just means you blow up your account slower. In the short run you need either luck or a profitable system & in the long run only a profitable system will work. Most traders lose because they don't have an ...
- jzw replied Jan 25, 2012
there has been a good example on EUR which triggered Monday. How well you did depended totally on how you managed the trade. The risk was around 20 pips. So if your risk was R and you took 1/2 off at 1:1 then you might have made 0.5R - if you moved ...
- jzw replied Jan 20, 2012
I have no idea what you asked him or what his answer means. To recap - you have one computer with two monitors connected to it. Each monitor has its own cable connected to a separate display output (DVI/HDMI/DisplayPort) from your computer. You tell ...
- jzw replied Jan 20, 2012
Nothing - Windows supports multiple monitors - just go into display properties and select 'extend my desktop' and set the display resolution and relative position.
- jzw replied Jan 20, 2012
Any monitor these days supports DVI and you can buy an HDMI to DVI lead.
- jzw replied Jan 19, 2012
You might find that your Intel built-in graphics already supports 2 monitors. Just connect one on the DVI link and one on the HDMI link. Intel's website suggests it does. If not you need a graphics card that has multiple outputs like the ATI Radeons ...
- jzw replied Jan 19, 2012
The point with emotion is not so much that it is bad to have emotions but that acting on them can be bad. For example - some people will trade better after a losing trade. The loss, makes them focus and find another good opportunity. Other people ...
- jzw replied Jan 17, 2012
You can fade trends successfully intraday. You just need good risk management, patience to wait for signs that the momentum is fading and nerves to take the trade. Anyway getting back to your question - range bound markets are always more choppy and ...
- jzw replied Jan 15, 2012
This brings up another thing about DIBs. Because your stop distance is the size of the IB, your position size is inversely related the size of the IB. So a 10 pip IB has you trading twice the size of a 20 pip IB. Your position size can vary ...
- jzw replied Jan 14, 2012
Interesting. For your figures for sub-H1 timeframes did you use 24hour data or restrict yourself to a subset of the data. Its pretty clear that most of the volatility on EUR occurs during European hours (roughly 7 GMT to 17 GMT) so using 24H data ...
- jzw replied Jan 14, 2012
The point here is that if you trade 2 lots you have 3 outcomes Full stop out -40 (2*20) First target hit then stopped +20 Target hit & trail = +20 + "free trade" Now the "free trade" bit needs to pay for all the -40 stop-outs and then leave you a ...
- jzw replied Jan 13, 2012
Fair enough. I did say a few posts back that DIBs is basically a trend following strategy and my comment would apply to any trend following strategies. I should also say that I think DIBs is a sensible strategy (one of the few on FF) and potentially ...
- jzw replied Jan 13, 2012
The biggest mistake that rookies make is thinking that they will make money easily trading. Which is the biggest and most competitive game in the world. If you are buying someone else is selling to you and you can be sure that they think they are ...
- jzw replied Jan 13, 2012
The main difficulty in trading DIBs is how to take profits. I remember backing testing DIBs on EUR and there was a 6 month period where every trade was a loser if you had no tp or trailing stop. There were 2 instances where EUR went up over 500 pips ...
- jzw replied Jan 11, 2012
I agree with this but it doesn't really explain the loop that most retail traders are in. For most traders the story goes more like this... Put trade on, watch it get stopped out and then watch as the market returns to their entry price so they ...
- jzw replied Jan 10, 2012
That's certainly true. For day traders trying to beat their costs in terms of spread and slippage is probably the main reason they lose money in the long run. Look at the Euro daily chart. Dropped from 1.49 to 1.27 so 2200 pips but it took 178 days. ...
- jzw replied Jan 10, 2012
I always thought that story was an urban myth. I once heard someone ask Linda Raschke whether she used pivots and she said she had never met a floor trader who did. She did go on to say that the idea of a pivot, ie a fixed reference price to which ...