Update 12/6/2016
I was long EU after the rebound from the Italy news. It was moving and move was strong. Got taken out trailing the box. i am looking to go long again.
THE NEW Strategy --- THe iMi Method
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ppandekar
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Re: BOXEED --- iMi Method
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ppandekar
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Re: BOXEED --- iMi Method
Update: 8/12/2016
I was holding EU since yesterday. With no clear breakout i did not initiate trail. It got taken out at BE.
I was holding EU since yesterday. With no clear breakout i did not initiate trail. It got taken out at BE.
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immy
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Re: BOXEED --- iMi Method
Whats the overall total for the year using Boxeed now? just curious
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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ppandekar
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- Posts: 126
- Joined: 16 May 2013, 14:43
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Re: BOXEED --- iMi Method
Sept 15 days : 0%immy wrote:Whats the overall total for the year using Boxeed now? just curious
Oct : -3%
Nov : 0%
Dec : 4.5%
i have missed at-least 10%, especially in oct-nov period.
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ppandekar
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Re: BOXEED --- iMi Method
Immy...i would like to post some learning for the record here. I may be wrong on some of those as these are observations
1. If I miss a seed it may result in large changes to your equity. W/L ratio is low and sometimes the large winner if skipped will affect your profits. i have missed many winners.
2. When i was trailing 20SMA on daily i was giving back lot of profits, almost all because markets were in sideways trend on daily. In Sept and Oct, I was trailing Daily 20SMA or Redline and i gave up all my profits.
3. Since Nov, i am trailing H1 box and keeping profits. It results in not exploiting full trend. How ever the equity is still positive and it helps in keeping positive mindset.
4. We need a better mechanism to trailing I am working on a method, if i find value i shall put it here.
1. If I miss a seed it may result in large changes to your equity. W/L ratio is low and sometimes the large winner if skipped will affect your profits. i have missed many winners.
2. When i was trailing 20SMA on daily i was giving back lot of profits, almost all because markets were in sideways trend on daily. In Sept and Oct, I was trailing Daily 20SMA or Redline and i gave up all my profits.
3. Since Nov, i am trailing H1 box and keeping profits. It results in not exploiting full trend. How ever the equity is still positive and it helps in keeping positive mindset.
4. We need a better mechanism to trailing I am working on a method, if i find value i shall put it here.
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: BOXEED --- iMi Method
Update: 14/12/16
Took a GU long...Rent
Took a GU long...Rent
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ppandekar
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Re: BOXEED --- iMi Method
Update 14/12/2016
Not good trading yesterday. Don't plan to repeat this ever
)
Traded completely against the trend. I usually look at trend over the last 10 days. Plus there was not much momentum and we were going into news so everybody was on the sidelines. Have written notes on charts for future reference of what not to do.
Gu was more of side ways in the last 10 days. It showed some initial momentum so this was a probably trade. UJ was a no short trade and trend was clearly up. I was not attentive to the trend. On EU too the trend was clearly down and I was not attentive to trend. Overall a day to forget
Not good trading yesterday. Don't plan to repeat this ever
)Traded completely against the trend. I usually look at trend over the last 10 days. Plus there was not much momentum and we were going into news so everybody was on the sidelines. Have written notes on charts for future reference of what not to do.
Gu was more of side ways in the last 10 days. It showed some initial momentum so this was a probably trade. UJ was a no short trade and trend was clearly up. I was not attentive to the trend. On EU too the trend was clearly down and I was not attentive to trend. Overall a day to forget
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immy
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Re: BOXEED --- iMi Method
PP... you're not a Trend follower... remmber this...
Trend following is AIMS Setup 1...
and Setup 2... even the hunt can be classed as trend following but not really.
what you are doing is trading breakouts before a trend forms... you gotta understand this. you rely on big winners so your poor win rate is of no importance... you might be looking at 15% win rate, 35% break evens and 50% losers... but you'll still double your account every year... thats the type of trading you are doing...
btw: what is your growth rate for now?
Trend following is AIMS Setup 1...
and Setup 2... even the hunt can be classed as trend following but not really. what you are doing is trading breakouts before a trend forms... you gotta understand this. you rely on big winners so your poor win rate is of no importance... you might be looking at 15% win rate, 35% break evens and 50% losers... but you'll still double your account every year... thats the type of trading you are doing...
btw: what is your growth rate for now?
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: BOXEED --- iMi Method
Not following the trend as such. But when i'm going against the primary trend "i am looking for a strong breakout before i can take the trade", which i clearly did not do on 14th.immy wrote:PP... you're not a Trend follower... remmber this...
Trend following is AIMS Setup 1...
what you are doing is trading breakouts before a trend forms... you gotta understand this. you rely on big winners so your poor win rate is of no importance... you might be looking at 15% win rate, 35% break evens and 50% losers... but you'll still double your account every year... thats the type of trading you are doing...
btw: what is your growth rate for now?
What i think i'm doing is assuming a trend direction - Keep taking seeds all along until i see a strong move on H1 to the opposite side.
When i see the opposite move, i try to get in and assume that is the direction. It may move or end up in a range. If it ends up in a range i again wait for strong move before i can get in.
Q:I think i'm following the system properly, I might be wrong ? Your views awaited Immy.
Dec growth rate is 2% now.
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
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Re: BOXEED --- iMi Method
ppandekar wrote:Not following the trend as such. But when i'm going against a long move "i am looking for a strong breakout before i can take the trade", which i clearly did not do on 14th.immy wrote:PP... you're not a Trend follower... remmber this...
Trend following is AIMS Setup 1...
what you are doing is trading breakouts before a trend forms... you gotta understand this. you rely on big winners so your poor win rate is of no importance... you might be looking at 15% win rate, 35% break evens and 50% losers... but you'll still double your account every year... thats the type of trading you are doing...
btw: what is your growth rate for now?
What i think i'm doing is assuming a direction - Keep taking seeds all along until i see a strong move on H1 to the opposite side.
When i see the opposite move, i try to get in and assume that is the direction. It may move or end up in a range. If it ends up in a range i again wait for strong move before i can get in.
Q:I think i'm following the system properly, I might be wrong ? Your views awaited Immy.
Dec growth rate is 2% now.