Ioannis's journal

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johndata
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9/8 trade 25

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2018-08-09_10-29-34.jpg
update
Stop loss BE
2018-08-09_11-57-41.jpg
Result 0R

Market test my nervous system today, but after few hours i see that : 1. All today 3 trades was setups1, so DS1, 2. Market didn't want today to give anything, 3. Satisfied with my today watchlist, because i am able to reduce and choose nice pairs that can give setups1. Only WTI didh't do anything, the other 3 easily gave 1R and BE. Especially EURCHF just hit my stop loss to the pip and gave after 6R, but i must learn to say NEXT ;)
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johndata
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Watch list for 10/8/2018

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2018-08-10_7-55-29.jpg
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johndata
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Re: Ioannis's journal

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USDCAD in buy (SL at BE)
EURGBP in SELL (SL at BE) RESULT 2R
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johndata
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10/8 trade 26

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2018-08-10_8-21-55.jpg
Result 2R
DS1
5min the duration!!!! :dance
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10/8 trade 27

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2018-08-10_8-30-24.jpg
Result 2R
DS1
:dance
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immy
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Re: Ioannis's journal

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and that is all you need to do... can you do this for the next 5 years?
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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johndata
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Re: Ioannis's journal

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immy wrote: 10 Aug 2018, 16:34 and that is all you need to do... can you do this for the next 5 years?
I ''ll try. My worst enemy is myself. But with that journal and your guidance and all the Slack team, i feel optimistic.
Thanks :)
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immy
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Re: Ioannis's journal

Unread post by immy »

johndata wrote: 10 Aug 2018, 19:39
immy wrote: 10 Aug 2018, 16:34 and that is all you need to do... can you do this for the next 5 years?
I ''ll try. My worst enemy is myself. But with that journal and your guidance and all the Slack team, i feel optimistic.
Thanks :)
It really is this. That is the key. Staying with a system that works and letting it work for you by trading by its rules over and over and over. No new information required no new methods required.

when I look back at the past 8 years I feel that had I stuck to my original method as in the "beginning of time" webinar. No dots, no extra lines etc. I'd have done much better. We didn't need anything but Setup 1.

so stick to it. You have a good start. have a good weekend

cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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johndata
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SETUP1 is a winning strategy

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I run several simulations with many programs i have found. As they don't have a breakeven% function, i enter a risk 1%, 1R and 67% wins, which is exactly the same as what all the batches of all the friends here show : 33% wins, 33% BE, 33% loss with risk 1% and reward 2%(from what i have found the 33-33-33 is the worst case, as my trades saw 75%-80% wins, with risk 1%, reward 1% and no BE. My explanation is that, as the price leaves the box, easily moves and give 1R)
Anyway, the picture below is one of those simulations. The SETUP1 is a winning strategy with minimum drawbacks. That is obvious from the shape of the Equity Graph, which very sheldom will touch the 50 period MA, which always goes UP. If someone takes 1 trade every day, 250 trades every year, then from the simulation and the graph we see that can turn 10000 to 50000 in 2 years. Patience and discipline is the secret, as Immy says.
I "ll upload the xls, if anyone wants to experiment.
2018-08-12_20-20-36.jpg
DTL-Monte-Carlo-Trading-Simulator-v1.01 (1).xlsm
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Watch list for 13/8/2018

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Nothing today
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