International markets traders banter

notting · 9 May 2012

skc said:
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 · 9 May 2012

Bond Yields...

Trembling Hand · 10 May 2012

CanOz said:
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 · 10 May 2012

Trembling Hand said:
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 · 10 May 2012

CanOz said:
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 · 10 May 2012

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

Easy for someone who doesn't trade.

CanOz · 10 May 2012

Trembling Hand said:
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 · 10 May 2012

wayneL said:
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 · 10 May 2012

Trembling Hand said:
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 · 10 May 2012

skc said:
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 · 10 May 2012

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 · 10 May 2012

Trembling Hand said:
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 · 10 May 2012

CanOz said:
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 · 10 May 2012

Trembling Hand said:
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 · 10 May 2012

CanOz said:
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 · 10 May 2012

CanOz said:
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 · 10 May 2012

Trembling Hand said:
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 · 10 May 2012

CanOz said:
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 · 10 May 2012

captain black said:
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 · 10 May 2012

CanOz said:
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

Trembling Hand said:
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.

Trembling Hand said:
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?

International markets traders banter

Home runs feel good, but base hits pay bills!

Attachments

Can be found on the bid

Home runs feel good, but base hits pay bills!

Can be found on the bid

VIVA LA LIBERTAD, CARAJO!

Home runs feel good, but base hits pay bills!

Can be found on the bid

Goldmember

Can be found on the bid

Can be found on the bid

Home runs feel good, but base hits pay bills!

Can be found on the bid

Home runs feel good, but base hits pay bills!

Home runs feel good, but base hits pay bills!

Can be found on the bid

Home runs feel good, but base hits pay bills!

Home runs feel good, but base hits pay bills!

Can be found on the bid

Similar threads

Privacy & Transparency

Privacy & Transparency