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jtb790 · 27-12-2004, 18:01

Dear Bernadette,

When it comes to building a system you may wish to know that, once you have made 100s and 1000s of trades, and you have, by testing, built in and taken out 100s of trading rules and principles into your trading system, if it is a good system it will win. Period.

Example: The system I'm using (developed over 1000s of trades both demo and live) in this EUR/USD short trade is one in which even if errors and mistakes are made it still cannot be beaten. Correction: Has never been beaten.

I was in a short trade with EUR/USD back in the 1.2100s in Sept. Which is not unusual, a lot of traders may have had a short EUR/USD position in the 1.2100s.

Over the next 90 days the difference between me and others is that I am still in the trade, many are not.

Now, on face value, most may say I am a bad trader, a sloppy gambler, to hold a position(s) in exess of 1500 points drawdown. I feel that it is not so, because the instrument is EUR/USD.

I would actually be in great shape right now had I not made 2 fundamental trading errors when the trade hit 1.2550.

A mistake at 1.3300 did not help matters either.

Be that as it may, the system in place is excellent and has won many a grueling trade. It has actually positioned me once to triple my account size though the mistake I made then was to get out of the trade 600 points too early, that, I suspect, if this current trade begins to fall into my favor may be the same case.

In the case of the trade just mentioned, it took only 3 weeks for the trade to go into my direction (at full profit from average price) 600 points.

Hence, as you can imagine, it is a dangerous system. Most do not triple their account off one trade.

At this moment at the current market price of 1.3620 whether I win or ultimately lose (and the loss would be that of my account) has crossed the line of being imperceivable.

This gives me some hope. Knowing that the system I built from scratch, in development for over a year, has not been able to ever be beaten even though I have made mistakes and made trading errors in other trades with it. And, at times, gotten extremely close to getting liquidated.

Sometimes that's just the way life works, the difference between winning or losing is a close call.

Best regards,

jtb

27-12-2004, 18:01	#2
jtb790 Banned Join Date: Nov 2004 Posts: 335 Downloads: 0 Uploads: 0 Rep Power: 0	Dear Bernadette Dear Bernadette, When it comes to building a system you may wish to know that, once you have made 100s and 1000s of trades, and you have, by testing, built in and taken out 100s of trading rules and principles into your trading system, if it is a good system it will win. Period. Example: The system I'm using (developed over 1000s of trades both demo and live) in this EUR/USD short trade is one in which even if errors and mistakes are made it still cannot be beaten. Correction: Has never been beaten. I was in a short trade with EUR/USD back in the 1.2100s in Sept. Which is not unusual, a lot of traders may have had a short EUR/USD position in the 1.2100s. Over the next 90 days the difference between me and others is that I am still in the trade, many are not. Now, on face value, most may say I am a bad trader, a sloppy gambler, to hold a position(s) in exess of 1500 points drawdown. I feel that it is not so, because the instrument is EUR/USD. I would actually be in great shape right now had I not made 2 fundamental trading errors when the trade hit 1.2550. A mistake at 1.3300 did not help matters either. Be that as it may, the system in place is excellent and has won many a grueling trade. It has actually positioned me once to triple my account size though the mistake I made then was to get out of the trade 600 points too early, that, I suspect, if this current trade begins to fall into my favor may be the same case. In the case of the trade just mentioned, it took only 3 weeks for the trade to go into my direction (at full profit from average price) 600 points. Hence, as you can imagine, it is a dangerous system. Most do not triple their account off one trade. At this moment at the current market price of 1.3620 whether I win or ultimately lose (and the loss would be that of my account) has crossed the line of being imperceivable. This gives me some hope. Knowing that the system I built from scratch, in development for over a year, has not been able to ever be beaten even though I have made mistakes and made trading errors in other trades with it. And, at times, gotten extremely close to getting liquidated. Sometimes that's just the way life works, the difference between winning or losing is a close call. Best regards, jtb Last edited by jtb790 : 27-12-2004 at 18:13.