Mr T trades live

[JonnyT]

Jonny Trades Live

Long GBP 1.8067
Limit 1.8230
Stop 1.7830

 

[JonnyT]

Long EUR 1.2227
Limit 1.2430
Stop 1.9980

 

[The Wanderer]

Long trade but a higher stop figure.

Obviously a completely new way of trading-can you share your theory with us on this one JT ??

 

[Mr Chill]

Come on Jonny spill the beans ,what is the point of this if you don't explain your trades or is it some sort of ego trip .

 

[trendie]

Long EUR 1.2227
Limit 1.2430
Stop 1.9980

JT,

you are risking 247 pips to make 203 ?
thats virtually 50/50.

any reason why you have posted a GBPUSD call on a different thread ?
( unless you want to separate the different pairs into different threads - which I suppose makes sense. )

EDIT: got my maths wrong. thought the risk was 450 risked to 200 won.

 

[TWI]

does limit mean where you take profit or move stop? That is question.
I would also question the rationale that you need a larger profit target than stop on every trade, despite what the people who write books say. I have a successful es sysem that takes 6 pts profit and runs a 17 point stop but the ratio is in my favour.

 

[Orion]

I have a successful es sysem that takes 6 pts profit and runs a 17 point stop but the ratio is in my favour.

Roughly speaking, a 3 out of 4 success rate on those figures would achieve..... .........break-even. Or have I missed something?

 

[trendie]

does limit mean where you take profit or move stop? That is question.
I would also question the rationale that you need a larger profit target than stop on every trade, despite what the people who write books say. I have a successful es sysem that takes 6 pts profit and runs a 17 point stop but the ratio is in my favour.

Guess you're right. ( there was a good thread on not having stop-losses at all a while ago )
I think its the psychology of anticipating a bigger win than your maximum loss.

 

[fxmarkets]

I have a successful es sysem that takes 6 pts profit and runs a 17 point stop but the ratio is in my favour.

Hi mate do you calculate trade expectancy ratio's ? I think if you have a big enough sample size then its a measurement that highlights simple returns,per unit of risk ,stripping out stops, conventional expressions of r/r etc. almost like a pe ratio for trading performance. shifts your focus too in some ways towards machine like automation.

 

[k3lly]

Long EUR 1.2227
Limit 1.2430
Stop 1.9980

Hi JonnyT,

Thanks for sharing your trades with us, but honestly you can't seriously believe that the eur/usd is going to be anywhere close to 1.24 at any time in the next week or so do you?? I'm convinced this is a short trade although I agree that it may be oversold.

Just my 2 pence worth.

Good luck.

 

[alanbeale2001]

comedy sketch

With all that has happened over texas posts and you start ur own thread doing the very same thing.

You must expect all this ridicule.

I want to buy texas and sell jonny t!!!! no stop loss take profit infinite and i will pay a 50 point spread on a sure thing like this!

I respect you for your guts but i think to earn the respect back of other members you need to post good trades like texas or make an appology for the appaling witch you started.

I actually respect you as much as anyone else here who is trading for a better lifestyle.

It is sad to see you critise anything which is good for the forum.

With respect.

Alan Beale

NB. My tsd does make me good pips but it trades alone with no intervention. I trade independently of tsd to fill my need to trade.

 

[TWI]

Roughly speaking, a 3 out of 4 success rate on those figures would achieve..... .........break-even. Or have I missed something?

Yeah, have a 76% success rate using those parameters on e-mini. Has worked this year and although returns are nothing spectacular they are up ($3000/lot net on 57 trades ) . Historically it did well in simulation as far back as I have data, av. return $5500/lot/annum net on 64 trades. (tick slippage/side) which is why I started trading it.
It is not totally my idea, I got the basic code from the tradestation forum where there was discussion of something called the eKamScalper then worked with that basic idea to find something that worked for me.

 

[rog1111]

agree completely

rog1111

.....I would also question the rationale that you need a larger profit target than stop on every trade, despite what the people who write books say. ......

 

[JonnyT]

Closed GBP @1.8122 for +59

JonnyT

 

[onoufris]

Mr T., can you get this thread a little more organised?

Can you put the sum of entries exits pips etc. together?

Your apology to Texas maybe accepted by some members but your damage is done.

Good luck on your trading.

 

[Anonymous]

Fantastic strategy Jonny,

Long GBP and Long EUR

short 2 x USD

I still don't understand.

 

[JonnyT]

And you probably never will

Trades to date:

Long GBP +59 Closed
Long Eur +5 Open

JonnyT

 

[badtrader]

Hi

Im new on here, nice site, give the man a chance. thanks for showing you trades. It always interest me where others get in and out. Although not to say I will follow signals. I like to see what other are doing against my trades. Keep it up jonny

 

[police]

agree

 

[trendie]

go Jonny, go !

It would be ironic, after the Texas hedge furore, if Jonny justs posts trades without revealing his methodology.
Far be it for me to suggest that without divulging the rules, the posts would be better placed in a journal.

Ahh, thats better. One cynical post a day, keeps the psychiatrist away.