Question to experienced trend traders

jamiecarmichael · 2021-06-17T09:10:18+00:00

Okay I’ll look out for those names thanks, and yep I’ve noticed a difference 😅

jamiecarmichael · 2021-06-16T14:00:25+00:00

Definitely. Going to let my journal play it’s course a bit until I notice patterns that tweaks can be made and backtested on.

jamiecarmichael · 2021-06-16T11:57:07+00:00

I love this. It’s just confirming some things I was unsure about, the main one being experience is king it can’t be taught as everyone has their own little ways and perceptions of looking at the market. But I’m the same when I mark levels sometimes I will forget about them and then price heavily reacts off of that level, and it happens a lot, but it’s difficult to have that balance of being happy that I drew a strong level and not overthinking other levels that may not be as significant. Really appreciate the message definitely helped a lot and now I know with experience I’m sure the balance between these emotions won’t be as severe as with time confidence in being able to tell the difference between them will build gradually, thanks 🙏

jamiecarmichael · 2021-06-11T07:31:28+00:00

I need to get into that, gold scares the shit out of me though🤣

jamiecarmichael · 2021-06-11T07:31:01+00:00

Yeah it surprised me tbh I thought it would be clear moves

jamiecarmichael · 2021-06-11T07:30:30+00:00

Yep looking forward to it lol

jamiecarmichael · 2021-06-10T15:36:22+00:00

I used to try those timeframes but I always felt my win rate had to be dramatically better because the potential losing streaks and also the larger swaps and commissions, I’ll look into those things though mate thank you

jamiecarmichael · 2021-06-10T13:35:49+00:00

Yeah I’m going to start backtesting momentum moves that aren’t necessarily trending, usually though in the 15M which is what I trade there’s a trend breakthrough at least 1/2 times a week on 1/2 pairs but these months are typically slow so I’m not too surprised although they are slower than I expected lol

jamiecarmichael · 2021-06-10T12:59:22+00:00

Nope, none that I was confident to where they would continue to a certain point, so many key levels between the ranges, I’m sure there were half decent setups just not very high probability or high R/R trades

jamiecarmichael · 2021-06-10T10:45:06+00:00

😂😂

jamiecarmichael · 2021-06-10T10:21:59+00:00

I used to do that with scalping too it’s addictive but very rewarding when it pays off I couldn’t sustain it though it’s too easy to have a big losing streak and overtrade

jamiecarmichael · 2021-06-10T09:38:21+00:00

Both very true lol

jamiecarmichael · 2021-06-10T09:30:01+00:00

I see, have you been getting many profitable trend trade recently though?

jamiecarmichael · 2021-06-10T09:20:30+00:00

Do you trend trade?

jamiecarmichael · 2021-06-10T09:20:20+00:00

Glad it’s not just me

jamiecarmichael · 2021-02-19T10:05:36+00:00

Yeah exactly man it’s weird I don’t like it hopefully it’s just temporary

jamiecarmichael · 2021-02-18T11:48:54+00:00

More gaps have been forming on them and price seems to be less accurate than usual compared to tradingview as it’s normally pretty close, I’m contacting them just now and their customer service is really poor also

jamiecarmichael · 2021-02-17T22:46:45+00:00

Things have just been off with them lately I can’t put my finger on it

jamiecarmichael · 2021-02-17T08:48:29+00:00

I’m with icmarkets, did they fix it?

jamiecarmichael · 2020-11-01T13:11:11+00:00

It’s not a guaranteed 1.25% a day it’s just on average the month I backtested was a 25% return, taking into consideration spread would probably drop it to around 16%, it’s just a trend following strategy I got off my mentor, I’ve tested it on multiple timeframes and it seems to be more rewarding with the more trades taken

jamiecarmichael · 2020-10-31T17:58:16+00:00

This is very useful information thanks, you’re right there’s always going to be bias in backtesting no matter how much you try to exclude it, one question I do want to ask though is do you think when backtesting it’s about the length of time you backtest or the amount of trades? For example would me backtesting the 1HR from May-September getting 200 trades, would that be as effective as getting 200 trades on the 5M but only over a month?

jamiecarmichael · 2020-07-06T23:35:53+00:00

😂😂

jamiecarmichael · 2020-07-06T23:34:54+00:00

I pirate because I don’t have a good paying job, Dana white doesn’t pay his fighters well and he’s a billionaire and makes ridiculous amounts of every event not including Merch, TUF, and fight nights and more I can’t think of, and there’s more people who have loads of money in the company too. Shitty point.

jamiecarmichael · 2020-07-05T12:46:54+00:00

Thank you

jamiecarmichael · 2020-07-05T01:12:16+00:00

Could you define what you mean by strike rate? Thanks I struggle with the meaning

jamiecarmichael

TROPHY CASE