Lets see what scenario plays out, and how it plays out. The market will tell me. zzfx
Comments
zzfx
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This is when I started using the ZZ trailing strategy. Sure it sounded great and back tested results were promising...., but what did I really do? I increased my possible max risk from 20 to 27 pips.... (+45%)
What I was actually trying to do was to avoid taking that loosing leg from the straddle, using a clear predefined signal to enter and exit. And it actually is a plausible
and effective trading strategy if you are perfectly in sync with what is really happening. But was I really ready at the time to face multiple set backs in a row, glued to the screen...probably not.
This was actually going against my RR MM straddle approach of set and go, and I became more present rather then less....and that has a price tag attached to it...
Not only, i started bedding the RR setting, but also the MM.
Expectancy might have increased a bit, but..i was getting away from the core of the the recent progress.,..
If you cant take 5 DAILY overall set backs in row using x strategy, you probably cant do it using y strategy.... still...it made me focus more on pure price action, and less on personal assertions of the present.
It was good, but ...this lack of focus was going to come back and bite me in the future, as i had shaken the two pillars MM and RR by a false perception of control.
LukeSkywalker
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nice one!
zzfx
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thanks friend.
truth is, I pushed a bit too far and to early, but result was positive this time around.
I must focus on my risk control with more vigor.... and numbers will pile up.
What I was actually trying to do was to avoid taking that loosing leg from the straddle, using a clear predefined signal to enter and exit. And it actually is a plausible
and effective trading strategy if you are perfectly in sync with what is really happening. But was I really ready at the time to face multiple set backs in a row, glued to the screen...probably not.
This was actually going against my RR MM straddle approach of set and go, and I became more present rather then less....and that has a price tag attached to it...
Not only, i started bedding the RR setting, but also the MM.
Expectancy might have increased a bit, but..i was getting away from the core of the the recent progress.,..
If you cant take 5 DAILY overall set backs in row using x strategy, you probably cant do it using y strategy.... still...it made me focus more on pure price action, and less on personal assertions of the present.
It was good, but ...this lack of focus was going to come back and bite me in the future, as i had shaken the two pillars MM and RR by a false perception of control.