International markets traders banter

[notting]

I don't have a single losing trade in over 20,000 instruments this week. :

You must have stolen my patented new tech trader program.
There is no way you could trade that many instruments without it.
I invented this program by using Microsoft's motion detecting gaming technology to place the trades as a keyboard, mouse and HFT Computer just isn't enough.
You need to use your entire body in order to maintain an edge over the machines.
I actually took a video of myself trading with it during a trading roadshow.
The music is only there to calm my mind, to maintain poise.
Please don't copy it.

 

[CanOz]

Bond Yields...

 

[Trembling Hand]

I could easily get a win rate like that but i would need a stop 1000 times less than my profit target! lol!

CanOz

Yes until that one that doesn't work out. :
Win rate normally the least telling stat.

 

[CanOz]

Yes until that one that doesn't work out. :
Win rate normally the least telling stat.

Yup, without a good ratio of win to loss, you'll never effectively pull out of a draw-down.

Personally I'm comfortable with a W/L rate from 40 - 60% as long as the Profit Factor and W/L Ratio are decent, and they all equal 1.2 or over when multiplied. Good rule of thumb as a starting point.

When was the last time you worked through your stats trading indices on the DOM TH?

CanOz

 

[Trembling Hand]

Yup, without a good ratio of win to loss, you'll never effectively pull out of a draw-down.

Personally I'm comfortable with a W/L rate from 40 - 60% as long as the Profit Factor and W/L Ratio are decent, and they all equal 1.2 or over when multiplied. Good rule of thumb as a starting point.

When was the last time you worked through your stats trading indices on the DOM TH?

CanOz

Yesterday, and the day before that, and the trading day before that....... you get the idea.

100 trades a day and you have some ongoing stats to work with often.

 

[wayneL]

Not a single loss trade on the DAX for me this week - no troll'n.

Easy for someone who doesn't trade.

 

[CanOz]

Yesterday, and the day before that, and the trading day before that....... you get the idea.

100 trades a day and you have some ongoing stats to work with often.

Yeah at that rate every day is statistically significant!

CanOz

 

[Trembling Hand]

Easy for someone who doesn't trade.

Funnily the periods when I do manage to snag a close to 100% win rate are not good for my trading. You start to not take trades you would normally take to protect your win rate. End result you fail to take that next hard trade to only watch it run away to a multiple R winner.

Then because you have missed a good one you try fading it. Before long you're offside on a trade that you would normally been on in the other direction!!

ya can keep your high win rate!!

 

[skc]

Funnily the periods when I do manage to snag a close to 100% win rate are not good for my trading. You start to not take trades you would normally take to protect your win rate.

That is so true... I find myself admiring my smooth equity curve more than focusing on the next available trade. Trade for profit, not the stats.

 

[Trembling Hand]

That is so true... I find myself admiring my smooth equity curve more than focusing on the next available trade. Trade for profit, not the stats.

Only caveat I would but on that is if your win rate goes up and so too does your avg hold time goes way up with it. Clearly if your trading many multi-baggers your going to need to holdem'

For me avg hold time is a really telling stat when compared to overall P & L.

 

[Trembling Hand]

Bloody hell! Honkers is really holding everything down here. All the makings of a upside running in Asia/FX yet some monkey is holding Honkers back.

 

[CanOz]

Bloody hell! Honkers is really holding everything down here. All the makings of a upside running in Asia/FX yet some monkey is holding Honkers back.

Yeah i see that, the Aussie really took off...with everything else...HSI only up .02%...lagging big time, and i'm long, wish it would hurry up...

CanOz

 

[Trembling Hand]

Yeah i see that, the Aussie really took off...with everything else...HSI only up .02%...lagging big time, and i'm long, wish it would hurry up...

CanOz

Nah its going to have a false break and then get smashed by all the prop traders.....

 

[CanOz]

Nah its going to have a false break and then get smashed by all the prop traders.....

OR just a slow choppy grind all morning!

 

[CanOz]

OR just a slow choppy grind all morning!

Broke low...looks like i might get stopped out this morning...bugger.

Must have been some data out of china?

CanOz

 

[Trembling Hand]

Broke low...looks like i might get stopped out this morning...bugger.

Must have been some data out of china?

CanOz

Did I get your stop then?

 

[CanOz]

Did I get your stop then?

LOL, no, but i moved it up to under the flag, it was at 20082. I moved it up to 20106.

heading to 20070?

Well I'm done for the morning, good time to optimise my DAX afternoon system.

CanOz

 

[captain black]

Well I'm done for the morning, good time to optimise my DAX afternoon system.

Come on over to the Kospi for the afternoon CanOz, we're much nicer over there....:engel:

(let us know where your stop is, we'll tap it in the lunch time grind )

 

[CanOz]

Come on over to the Kospi for the afternoon CanOz, we're much nicer over there....:engel:

(let us know where your stop is, we'll tap it in the lunch time grind )

Har dee har har har Captain!!

You know i should have been in the SPI and the Kospi this morning, i had a dozen orders sent to TWS from my strategy.....but TWS logged itself out just after i re-started MultiCharts this morning, so i logged back in manually...and forgot to connect to MC!!

Anyway, its been a week of lessons learned on platform readiness.

EDIT: WTF happened to the HSI, got out just in time...TH, are you manipulating it again??

CanOz

 

[Trembling Hand]

LOL, no, but i moved it up to under the flag, it was at 20082. I moved it up to 20106.

heading to 20070?

Hahahaha what about now? :microwave

Bloody hell! Honkers is really holding everything down here. All the makings of a upside running in Asia/FX yet some monkey is holding Honkers back.

Nah its going to have a false break and then get smashed by all the prop traders.....

Who said DOM reading is a lost art?