Trading What I see !?

[goat68]

Trading reversals only today
Strike rate = 69%
Win:Loss ratio = 1:1.23
£25 stakes, net: +£11

Did okay today, tried to be smarter, not using a strict stop loss, and trying to run my winners. Worked to some extent, win loss ratio includes some scratch trades I count as wins.
If I ignore scratch trades ratio is 1:1 which is better than recently!

[Bubace]

HI
yes i do use level stakes, i didnt really think about changing them as i use quite small stakes anyway, but what you're saying does make sense, and something i'll have a go it this week i think

Something like this:

< 2: Odds x 10
2 - 3: x 5
3 - 4: x 2
4 - 6: x 1
6 - 10: x 0.5

You can adjust accordingly, and that would give you even tick increments I think. I can't claim credit for this - I saw it on a post ages ago!

Good luck

This was very handy, used this today insted of my usual fixed stakes, and it really did limit my big losses

to the extent that i had my usual 70/75% s/r, but i actually made a profit today! for the first time in like weeks

not getting carried away, but im feeling a little more positive

[goat68]

HI
yes i do use level stakes, i didnt really think about changing them as i use quite small stakes anyway, but what you're saying does make sense, and something i'll have a go it this week i think

Something like this:

< 2: Odds x 10
2 - 3: x 5
3 - 4: x 2
4 - 6: x 1
6 - 10: x 0.5

You can adjust accordingly, and that would give you even tick increments I think. I can't claim credit for this - I saw it on a post ages ago!

Good luck

This was very handy, used this today insted of my usual fixed stakes, and it really did limit my big losses

to the extent that i had my usual 70/75% s/r, but i actually made a profit today! for the first time in like weeks

not getting carried away, but im feeling a little more positive

Awesome, well done.
I'm feeling good today also after recent days, I'm going to continue working on learning just reversals and running winners, see how I do...

[Bubace]

Something like this:

< 2: Odds x 10
2 - 3: x 5
3 - 4: x 2
4 - 6: x 1
6 - 10: x 0.5

You can adjust accordingly, and that would give you even tick increments I think. I can't claim credit for this - I saw it on a post ages ago!

Good luck

This was very handy, used this today insted of my usual fixed stakes, and it really did limit my big losses

to the extent that i had my usual 70/75% s/r, but i actually made a profit today! for the first time in like weeks

not getting carried away, but im feeling a little more positive

Awesome, well done.
I'm feeling good today also after recent days, I'm going to continue working on learning just reversals and running winners, see how I do...

Cheers

Was same with me today, mostly reversals, only done 14 markets though

like you mentioned, my biggest crime is still getting out my big winners far too early

[Korattt]

If I ignore scratch trades ratio is 1:1 which is better than recently!

Scratches are part of the game

[goat68]

Reversals again today, and another good day, although less trades today:
Strike rate = 75%
Win:Loss ratio = 1.29:1
£25 stakes, net: +£14.36

Pleased to average bigger winners than losers today.

[kamil2402]

Glad to hear you had another good day! Sorry if this is a daft question but by reversals do you mean catching the end of the trend and waiting for the market to go in the opposite direction? Thanks

[goat68]

Glad to hear you had another good day! Sorry if this is a daft question but by reversals do you mean catching the end of the trend and waiting for the market to go in the opposite direction? Thanks

Essentially yes, eg.coming down to resistance and reversing
I'm playing reversal patterns I've learned from watching nearly 2000 markets now.

[kamil2402]

Sounds like a good idea. Its also something that i have had some success with, apart from markets where the price smashes right through what I thought was the resistance point and never really recovers. Can be really frustrating.

[goat68]

Sounds like a good idea. Its also something that i have had some success with, apart from markets where the price smashes right through what I thought was the resistance point and never really recovers. Can be really frustrating.

Yeah it's far from simple, and you really have to experience the charts and ladders 1000s of times to get a feel for what might work, and I'm far from there yet myself....
When people quote 10,000, I'm beginning to see why!

[goat68]

Strike rate = 14%
Win:Loss ratio = 1:1.15
Net: -£38.27

I think I give up... fed up of this volatile unpredictable crap!

[kamil2402]

damn sorry to hear that but please dont give up! I assume you tried to trade reversals again?

[goat68]

damn sorry to hear that but please dont give up! I assume you tried to trade reversals again?

Yes...
I'm trying to be smarter concentrating on one thing, but I actually think I am not smart enough!

[kamil2402]

I totally understand what you are saying. Its the same with me. I find something that I think works, i.e. trading reversals and try to apply that as much as possible where I think its suitable only to discover that in the long run, I am at a loss because some days it just doesn't work. I think successful trading is all about spotting value and determining where the price ''should be'' by analysing the market and all its characteristics. How successful traders do that, I have no idea its almost like a 6th sense.

[goat68]

I totally understand what you are saying. Its the same with me. I find something that I think works, i.e. trading reversals and try to apply that as much as possible where I think its suitable only to discover that in the long run, I am at a loss because some days it just doesn't work. I think successful trading is all about spotting value and determining where the price ''should be'' by analysing the market and all its characteristics. How successful traders do that, I have no idea its almost like a 6th sense.

Yes agree, I have no idea either.. and of course those successful people aren't going to tell us either!!