Technical Analysis on my account balance

[price777999]

A break out of this trend line would be nice. :clap:

 

[Forexmospherian]

A break out of this trend line would be nice. :clap:

Hi Price

What are you trading and basically what method and are you intraday / swing / day trading / weekly / position etc and what is your main time frame ??

Hopefully if it FX - I might be able to give you some guidance that might assist ?

Regards


F

 

[price777999]

Hi Price

What are you trading and basically what method and are you intraday / swing / day trading / weekly / position etc and what is your main time frame ??

Hopefully if it FX - I might be able to give you some guidance that might assist ?

Regards


F

Thanks but I like to figure things out for myself .

 

[price777999]

Thanks but I like to figure things out for myself .

I changed my mind , can you make me rich ? I'm trading forex H4 charts .

 

[Forexmospherian]

I changed my mind , can you make me rich ? I'm trading forex H4 charts .

Hi P

That was a quick change ;-)

Well - I can help you - totally free of charge - but cannot guarantee you will be rich - but if you learnt my way - yes maybe over the year you would change your account balance to well into the black.

First good point - you trade FX - thats good

Now need to know if you have to stay with 4 hr chart and whether you have say 2 -4 hrs a day to intraday trade - or whether you really only want to trade now and again and just 2 or 3 trades a week - rather than develop your skills to eventually go full time and dump the proper day job ?

Even on a 4 hr chart I can help you - but need to know more about your experience and stop sizes and targets and your favourite pairs and how many hours have you actually been on a live account and trading etc etc. Would you have taken over 100 live trades ? - what method (s) are you using and whats your present win ratio etc etc

The more you tell me - the more I might be able to assist etc and at least get you on some profitable trades

Regards

F

 

[kalott]

Hi Price

What are you trading and basically what method and are you intraday / swing / day trading / weekly / position etc and what is your main time frame ??

Hopefully if it FX - I might be able to give you some guidance that might assist ?

Regards


F

 

[alexaherself]

It's an incredibly swingy-looking chart for an "account-balance"?! :|

FxMo asks some good questions ^^^ .

Without labelled axes for the chart, and more parameters/information, we're all guessing? My guess is that your position-sizing is inappropriate for the kind of trading you're doing.

Two recommendations:
(i) Beyond Technical Analysis

(ii) A similarly good book with a slightly misleading title

 

[richieforex]

My guess is that your position-sizing is inappropriate for the kind of trading you're doing]

I agree, it is likely your position sizing is wrong.

A nice curve for a equity growth chart is what you want to aim for. Yours does look a bit erratic.

 

[price777999]

http://www.myfxbook.com/members/price777999/price777999/1065028

You need to click on custom analysis top right and enter feb 13 for the start date , that's the start of the system i'm using now .

cheers

 

[price777999]

an example of how I trade.

 

[Forexmospherian]

http://www.myfxbook.com/members/price777999/price777999/1065028

You need to click on custom analysis top right and enter feb 13 for the start date , that's the start of the system i'm using now .

cheers

Will study this later on and come back to you with some thoughts and ideas etc


Regards


F

 

[alexaherself]

Some drawdowns of around 50%, I see? The two books I mentioned above may help you, in that case.

 

[Forexmospherian]

an example of how I trade.

i still got a lot of question to ask you if that's OK - especially with regards to your trading performance over last 2 or 4 or even 10 yrs ? (2004 / 5 mentioned)

I can see on your chart some Andrew's Pitchforks - a piece of Ichimoku cloud and you using a 4 hr chart with a 70 - 80 pip ( guessing ) stop loss with a target of over 160 pips + and in that case you got your target - but not closed out ???

That means you wasted 4 -5 days and other 150+ move up you could have bought ??

How many hours a day do you have to trade and approx what times ??

Will come back later with a load more questions etc - but as now can see lots of ways to help you


Regards


F

 

[price777999]

hows that for a come back :clap:

 

[Dr. Toad]

A nice curve for a equity growth chart is what you want to aim for. Yours does look a bit erratic.

How about mine? I have a fairly consistent trend going for me I think.



I should probably short my account in about a week. Although then I would start making money...which would cause me to lose money being short...crap...can't win at this thing.

 

[price777999]

hows that for a come back :clap:

Now at a major support level ...should I double my bet size ?