Mickey's Journal

[kiravon]

Thanks for that Tomi, its a very good opinion!

When I was a child we had fruit machines, or slot machines if you like,
'one armed bandits' - I'm going back a long time! the casing was actually
made of wood can you believe!

and you pulled the lever down on the side

Well actually they were quite generous and you did routinely get nice payouts -
they were the big old British pennies, 240 of them to the £.

At some point I always found I was ahead, maybe 20 pence maybe 30 pence
but then of course gave it all back - after all that is the objective - they
are not there for charitable purposes

but at age 7 years I devised my own gambling system, by no means original
but it was something I figured out myself at the time, and it was simply this:-

Simply stop when you're ahead!

So that's what I used to do and I used to win every single day! ( This was just
a seaside holiday activity btw )

But it seems with older age and 'sophistication' I'm not seeing what was very
obvious to a 7 year old child

My first three trades this morning was -13 rent fakeout followed by the big one -
+45, +16 add on it was a near perfect trade netting me +45 on the day

I actually did remember my childhood system and thought I would quit for the day
and as you say switch off computer and go out and annoy my long suffering Polish
waitresses.

But no, I was Rocky today and I knew I could take a few more knocks!

Exactly what would have been so terrible with walking away with +45 pips
after 6 minutes 'work'?

Thanks again for the reminder, nice to be reminded of such a simple truth

[kiravon]

Re entered the Fray for NEO

First bracketing a Classic set up, one side got triggered and Stopped
then reversed with nice Fruit signal to back it up

I'll let the pics tell the tale

a.png

b.png

c.png

d.png

e.png

f.png

g.png

h.png

i.png

[kiravon]

Sequence 9

C1 DS 1 +20
C2 DS 1 +20
C3 DS 1 +13
C4 DS 1 +4
C5 DS 1 BE
C6 DS 1 -22
C7 DS 1 -9
C8 DS 1 -16
C9 DS 1 -16
C10 DS 1 -9
C11 DS 1 -13
C12 DS 1 +45
C13 DS 1 +16
C14 DS 1 -12
C15 DS 1 -13
C16 DS 1 -14
C17 DS 1 -20
C18 DS 1 -22
C19 DS 1 -22
C20 DS 1 +10

Sequence 9 DS 20/20 -60 pips

Sequence 10

C1 DS 1 -2

[immy]

Exactly what would have been so terrible with walking away with +45 pips
after 6 minutes 'work'?

Nothing! 6 minutes 45 pips. thank you very much see you tomorrow.

[kiravon]

'The secret of our success using The Setup was that we were very selective with our entries. but unfortunately with Fruit, people kind of think they should be in the market all the time. I don't attempt to buck the trend 10 times within 15 minutes!' -

'The less we trade the better!'

[immy]

Trade often trade small does not mean go mental and take every fruit! you still have to filter the bad apples! (feed them to your horses)

[kiravon]

-12
-40
-15
-6
BE
+44 ( set TP for 44 it plunged +220!! Grrrr! )

Screenshot_8.png

[immy]

-12
-40
-15
-6
BE
+44 ( set TP for 44 it plunged +220!! Grrrr! )

Screenshot_8.png

You asked this question Yesterday and you got the answer in two ways one YD and one today.

Now are you going to base your trading on hitting the occasionally 220 pips moves or the usual 45 pip moves?

Bill Williams said it 15 years ago, paraphrasing him
"in 40 years of trading I never go the exit right, i always thought I too many or too less positions or got out too early or late".

[kiravon]

You ask a rhetorical question. I might get a few
very long runs if I spend several more hours a day
in front of the screen - but then I'd go mental again!

When I look at my results for last year on 5M TF
I recall there was one winner for +234, but only one.
Without that winner I would still have tripled my
account within three months! If I can triple my
account without going mental I would be well pleased
- with or without an occasional big win

You're so right! Yesterday I was whining about staying
too long and giving it all back, today I am whining about
leaving too early and missing the big run

I don't know what I'll be whining about next week
but I will probably stilll be whining

[kiravon]

[center]'To make money in the markets, you have to win big and lose small
as opposed to the idea of win more often than losing'[/center]

[center]'It is worth mentioning that if you could always tell whether it was
normal or low volatility, you will do pretty well in trading'[/center]

[center]'The Result of 1 trade = Uncertain Outcome 50% Chance of Winning or Losing
The Result of 20 Trades = 80% Chance of Account Growth!!'[/center]

[center]'Once you have achieved these goals consistently for a period of 3-6 months,
money and pips will pour in to your account as a by-product of CONSISTENCY'[/center]

[center]'If we can successfully avoid Wave 4, we should never lose money!'
- the defining point between profitable and losing traders[/center]

[center]'Don't Trade Towards the Purple Line
Trade Away from the Purple Line'[/center]