- Status
Ingot54
Well-known member
- Messages
- 403
- Likes
- 62
That says it all!You don't need Bollingers, so why use them?
Good trading
Surely you know that if you are using the ProFx system, you ARE using Bollinger Band signals?
Best wishes
Ivan
Ingot54
Well-known member
- Messages
- 403
- Likes
- 62
Put the Bollinger Band indicator on your ProFx chart, and then change the default standard deviation from "2" to "1".
You will see that every time the price rallies, and breaks the upper band, the GREEN arrow will appear, and vice versa for the RED arrow.
Cheers
Ivan
EDIT: You will see that the dotted lines follow the Bollinger Bands very closely.
Hi,
Todays result is: -15pips
This week was very relaxing, not too much time in front of the charts and a much better result than in the last week when I tried to catch all entries....
I will continue in that way, everyday +20pips
This weeks result: +33pips (not really great, but comparing with last weeks -400pips it is great...)
Todays result is: -15pips
This week was very relaxing, not too much time in front of the charts and a much better result than in the last week when I tried to catch all entries....
I will continue in that way, everyday +20pips
This weeks result: +33pips (not really great, but comparing with last weeks -400pips it is great...)
Ingot54
Well-known member
- Messages
- 403
- Likes
- 62
Lucca - have you had an opportunity to complete your analysis of:
1) What you did the same
2) What you did differently
3) What was different about the markets this week
4) Any improvement due to the "learning curve" ie skills are getting better.
5) What exactly made the difference?
I think you have the keys to your success right here in your own hands now.
Find out what was right about your trading and you can give up your day job.
If it is not broken, do not fix it ... don't change what is working ... just specialise in it, particularly if you enjoy this style of trading.
Well done, and please continue with the good work.
Kind regards
Ivan
Hi Ivan,
Last week I didn't observed the pairs in the M15 like before.
The target was 20pips per day in eurusd and finished....
For that reason I didn't compare it with the m15 weeks before.
What I learned this week for me:
- with discipline and the correct entries it is possible to do 20pips per day
- sometimes with 2 trades or 3 sitting at the charts only a short time
- and my stop was never bigger than 20pips
- most of the stops were smaller than that and recovering from 4-5pips loss is easy..
- this gives me trust in my trading and relaxes the nerves
- I only traded pips, and never concentrated on the amounts in $
In that way I will continue the next week.....
Cheers
Lucca
Over the weekend, Biobob informed me about lindencourtsystem and showed me a lot of advantages.....
I purchased the system too (I don't like to jump from system to system, but when I see that it could be more successful, then I change it...).
Yesterday I was a little bit confused, I compared profx and lindecourt and made some strange trades. I was not concentrated and for that reason my yesterday result was: -60pips
today I concentrated only on the rules of lindecourtsystem and the moves where GREAT today!
Result: +150pips
Sorry when I changed my style and the system a bit.....
I purchased the system too (I don't like to jump from system to system, but when I see that it could be more successful, then I change it...).
Yesterday I was a little bit confused, I compared profx and lindecourt and made some strange trades. I was not concentrated and for that reason my yesterday result was: -60pips
today I concentrated only on the rules of lindecourtsystem and the moves where GREAT today!
Result: +150pips
Sorry when I changed my style and the system a bit.....
stricky1967
Well-known member
- Messages
- 339
- Likes
- 0
Hi Lucca - Yes i've been 'observing' the lindencourt FX system too
why not start a new thread and post your trades there to save confusion? Or there's an established thread here http://www.donnaforex.com/forum/index.php?topic=1588.285, a few of the regular profx guys switched accross to LC FX and seem to like it.good luck
Hi Lucca - Yes i've been 'observing' the lindencourt FX system too
good luck
Hi,
yes you are right, it doesn't make sense to post in this profx thread lindencourt trades...
Perhaps I create an own thread or not, I will think about it....
I wish you good luck too.
Ingot54
Well-known member
- Messages
- 403
- Likes
- 62
So, we can now assume this thread is going into mothballs for the year?
Does that also mean the ProFx system is a failure?
Looking over this thread, we have had people coming and going, posting their experiences, their tweaks, and the changes in time-frame, and so on.
What we haven't seen much of, is people just trading the system as it is.
I sometimes wonder why people bother to create a system, and post years of results, only to release it and instantly have others jump in with their tweaks and changes, and then wonder why it is not profitable.Some early posters were claiming to be making a living trading this and nothing else, or at least that this was their "main" system.
I am not trying to be droll or harsh here ... and I do acknowledge that personalising a method does help to commit to it.
But sometimes the profits are right under our noses, and we "tweak" our way away from them.
I was looking over some recent weeks results, and there have been several very nice runs, which I thought would have been extremely profitable trades. Many of the trades I would not have entered because of obviously ranging conditions.
But it seems that the next best thing atm is Lindencourt, until it too gets tweaked out of profitability, or discarded for some reason.
I am a member of Donna Forex, which has the main Lindencourt thread that I am aware of, and I am wondering when that one will be changed so much too, that is won't even resemble the original.
Oh well ... progress, I suppose.
And this is probably the first time I have had the last post in a thread ... so that's something ... don't go and spoil that honour for me, will you!
Thanks, everyone, for the contributions - and good luck.
Does that also mean the ProFx system is a failure?
Looking over this thread, we have had people coming and going, posting their experiences, their tweaks, and the changes in time-frame, and so on.
What we haven't seen much of, is people just trading the system as it is.
I sometimes wonder why people bother to create a system, and post years of results, only to release it and instantly have others jump in with their tweaks and changes, and then wonder why it is not profitable.Some early posters were claiming to be making a living trading this and nothing else, or at least that this was their "main" system.
I am not trying to be droll or harsh here ... and I do acknowledge that personalising a method does help to commit to it.
But sometimes the profits are right under our noses, and we "tweak" our way away from them.
I was looking over some recent weeks results, and there have been several very nice runs, which I thought would have been extremely profitable trades. Many of the trades I would not have entered because of obviously ranging conditions.
But it seems that the next best thing atm is Lindencourt, until it too gets tweaked out of profitability, or discarded for some reason.
I am a member of Donna Forex, which has the main Lindencourt thread that I am aware of, and I am wondering when that one will be changed so much too, that is won't even resemble the original.
Oh well ... progress, I suppose.
And this is probably the first time I have had the last post in a thread ... so that's something ... don't go and spoil that honour for me, will you!
Thanks, everyone, for the contributions - and good luck.
Hi mate,
The problem is that ProFX [in its standard format as "taught" by Alex] has an appalling risk reward ratio.
Risk 70 to gain 100 - that is NOT a winning proposition. In fact, it's a recipe for disaster.
ProFX works brilliantly in trending markets - but I could show you a hundred strategies which also work well in trending markets.
Why do you think Alex has disappeared from the fxfishermen thread? Because his strategy hasn't been working for over a month now............
Lindencourt is a solid strategy - and it hasn't been changed AT ALL on the Donna Forum.
I DON'T believe it is possible to make money short/medium/long term with ProFX, but I DO believe you can with Lindencourt.
Cheers!
The problem is that ProFX [in its standard format as "taught" by Alex] has an appalling risk reward ratio.
Risk 70 to gain 100 - that is NOT a winning proposition. In fact, it's a recipe for disaster.
ProFX works brilliantly in trending markets - but I could show you a hundred strategies which also work well in trending markets.
Why do you think Alex has disappeared from the fxfishermen thread? Because his strategy hasn't been working for over a month now............
Lindencourt is a solid strategy - and it hasn't been changed AT ALL on the Donna Forum.
I DON'T believe it is possible to make money short/medium/long term with ProFX, but I DO believe you can with Lindencourt.
Cheers!
Hi Ingo,
I think profx isn't a failure....I love it, but the last weeks I traded it too strictly in a time where it doesn't work out.
5 tradingdays are very long to stay diciplined and taking every day your losses....without emotions.
To cash everyday hundreds of pips is never a problem...
The high art of trading is to find a balance between the winners and losers....and one of the nessessarities is to stay with the system....
to stay with the system I learned in this time, but the ability to stay cool over some weeks in minus I find very difficult....
To trade 'only' 20pips per day and stop it, I can do that too, no problem.....but....what happends when there are losses, how long should one try to recover and when is time to stop....?
Your words are all true and wise, but what about your live trading?
How do you handle all that...? What results do you achieve? I am really interested...
I like it very much to study strategies, thinking like, when I would have done that and that all would be great...etc, you know what I mean....that is really fascinating....
...but sitting everyday in front of the charts and doing all that wise things that is really different....
A scalptrader of belgium defined trading in that way (I try it with my english..):
'It is similar as you walk through your town, but one day the church is on the right side of the river, on the other day you find it on the hill, all your stores are everyday at a different place and you never know, what you will find out there....'
You are right, the profits are right under our noses, but everytime in a different way, never in the same way....and this is the great challenge for every trader, to stay strict with a strategy, but stay also flexible....and perhaps using different strategies....
You have not the last post...
....but you can give us some information of your live experience and success....
Cheers,
Lucca
Thanks, everyone, for the contributions - and good luck.[/QUOTE]
Ingot54
Well-known member
- Messages
- 403
- Likes
- 62
[/QUOTE]Hi Ingo,
I think profx isn't a failure....I love it, but the last weeks I traded it too strictly in a time where it doesn't work out.
The high art of trading is to find a balance between the winners and losers....and one of the necessities is to stay with the system....
Your words are all true and wise, but what about your live trading?
How do you handle all that...? What results do you achieve? I am really interested...
I like it very much to study strategies, thinking like, when I would have done that and that all would be great...etc, you know what I mean....that is really fascinating....
You are right, the profits are right under our noses, but every time in a different way, never in the same way....and this is the great challenge for every trader, to stay strict with a strategy, but stay also flexible....and perhaps using different strategies....
You have not the last post...
....but you can give us some information of your live experience and success....
Cheers,
Lucca
Thanks, everyone, for the contributions - and good luck.
Hi Lucca - Yes - even my wife will not allow me the last word, so I am used to that!
The main problem with ProFx is that it does not work in ranging conditions. As you found, it WILL work in lower time frames, but for a smaller number of pips, when the markets are not trending.
But no one has been able to find out how to tell when markets are range-bound, and when they are trending ... have they?
And if they could tell with some accuracy that the market is ranging, or the market is strongly trending, then they would indeed have a valuable "secret", wouldn't they?
You said: "I like it very much to study strategies, thinking like, when I would have done that and that all would be great...etc, you know what I mean....that is really fascinating...." and in this we are very much alike - I too love investigating systems and strategies, and it is because of this human condition of curiosity we have, that we are missing out on becoming and remaining profitable in our trading.
No one can ride two horses.
No one can chase two rabbits.
You get nowhere if you change horses in the middle of the stream.
To win, I believe we must find a system we like, and one that works in our "favourite" time frame. This means we will be "psychologically comfortable" with the market action. Personally I like the 1H to 4H TF, but I have friends who love the 15 to 30Min TF.
Why not become a "master" at such a system - none of us will get very far if we keep changing to the next, best thing that comes along.
Personally I think the Lindencourt method is probably OK - because so many remain keen on it so far into that thread on Donna Forex. But I do not have a copy of the system, and have not really delved deeply into that thread to try to understand it better.
Why?
Because I don't want to be continually distracted from what I already have - yes, even though I may be missing something good. In time I will read about it more fully, and then decide, but not yet. I have unfinished business with ProFx, and yes - I still very much like it.
When people get a winning strategy, or a winning system, they always, always, always, always, always, always, always, always, always (my two fingers are getting dizzy typing that)
want to change it into something else, and then wonder what happened to the winning results from the past!It is not too far back that I was thinking of giving up trading because I could never find a method that would signal good trades. But even with a good method, I am not a good trader, so I can not claim to be a profitable trader, unfortunately.
Some of us can not trade, but we have the kind of brain that finds trades as they set themselves up. We are not dumb ... just not cut from the cloth of a trader. This is one of the hardest admissions a would-be-trader can make.
I think I must be one of them. The reason I have not given up is that I love trading, and even to trade demo, gives me some small pleasure!
Kind regards
Ivan
- Status
