I saw the forex performance on dynamic trend web site .
For example in 5 years the euro was profitable about 67 % , so' this is about 10 % per year !!!
10 % gain per year is very ridicolous , considering that myself , using my simple thecnics i make a gain about 5 % per month .
Someone ,please can clarify this stuff ?
thanks
giovi Wrote:I saw the forex performance on dynamic trend web site .
For example in 5 years the euro was profitable about 67 % , so' this is about 10 % per year !!!
10 % gain per year is very ridicolous , considering that myself , using my simple thecnics i make a gain about 5 % per month .
Someone ,please can clarify this stuff ?
thanks
GIOVI
SHORTLY I GIVE YOU MY PERSONAL OPINION.
- A TRADER TO BE DEFINED A TRADER MUST BE CONSISTENTLY PROFITABLE FOR A MINIMUM OF 6-7 YEARS.
- I PERSONALLY SAY THAT IF YOU ARE STILL ALIVE IN THE MARKET -AND NOT BROKEN- AFTER 10 YEARS YOU CAN BE CALLED "TRADER".
- HERE REPORTED THE EURO % PERFORMANCES YEARLY ON THE MONTH TF. WHERE IS INDICATED HALF YEAR MEANS SWING HIG TO SWING LOW END OF YEAR (FROM HALF 2002, BEFORE WAS QUITE FLAT). INDEED NOT ALL THE INTRADAY (DA-DD) SWINGS HAVE BEEN COSIDERED : IT IS A HUGE WORK...)
- +14 -14 HALF YEAR
- +26
- +12
- -6 +16
- -8
SO LET ASSUME YOU ARE IN POSITION FOR EVERY YEAR AND NEVER MISS THE ENTRY AND EXIT BUT EXPECIALLY MARKET DIRECTION, CERTAINLY YOU WOULD HAVE HAD A THOSE PERFORMANCE.
BUT TRADING ISN'T SO EASY, ISN'T IT? CONSIDER STOPS, VOLATILITY, DRAW DOWN, GREED, FEAR, DECISIONS,.....
FURTHERMORE I DO NOT KNOW THE METH. IN DEFINING THE PAST RESULTS (THAT IS THE MOST IMPORTANT POINT GIOVI)
WHAT I KNOW IS HUMBLY THE FOLLOWING:
- WE HAVE SINCE NOVEMBER JUST TURNED THE MORE THAN 1000 CONTRACTS TRADED WITH DT SET UPS
- WE HAVE A BOLD HIT RATE OF 7.5 TO 10 (OF COURSE THE SET UPS WE CHOOSE AMONG MANY PROPOSED AN NOT ALL ARE 5,1,15,1.6
- WE MAKE AN ENORMOUS MISTAKE: WE DO NOT FOLLOW COMPLETELY THE SOFT INDICATIONS SO WE TEND TO CLOSE POSITIONS BEFORE THE TARGET, REDUCING SO IN A HUUUUUGE MANNER THE PROFITS.
LAST BUT NOT LEAST THE BEST DEMONSTRATION IS HAVING OPERATIVELY IN YOUR HANDS: THAN YOU'LL SEE WHAT IS ABLE TO DO.
CAVEAT: A SOFT IS A SOFT. A SOFT IS LIKE A COMPUTER : LIKE STEVE JOB WAS USED TO SAY IS JUST A BIKE FOR YOUR MIND.
THE OPERATOR IS BEHIND THE SCREENS AND TAKES DECISIONS. HE HAS THE ULTIMATE RESPONSABILITY, OTHERWISE WE WOULD BE ALL MULTIMEGAULTRA BILLIONAIRE. AND THIS IS NOT ETHICALLY RIGHT AND IMPOSSIBLE BECAUSE THE MARKET IS MADE BY SMART AND DUMB MONEY.
DT PUTS YOU ON THE SIDE OF THE SMART MONEY.
THERE MUST BE ALWAYS SOME DUMB BUIYNG WHAT YOU SELL (OVERVALUED)OR SELLING WHAT YOU BUIYNG.....(UNDERVALUED)OTHERWISE NO MARKET AT ALL.
MARKET IS NOTHING ELSE THAN AN AUCTION.
CAVEAT THIS IS MY OWN PERSONAL REPLY AND RWEFLECTS ONLY MY CONVINCTIONS AND NOT THE ONES OF THIS CORP.
fabrizio Wrote:GIOVI
SHORTLY I GIVE YOU MY PERSONAL OPINION.
- A TRADER TO BE DEFINED A TRADER MUST BE CONSISTENTLY PROFITABLE FOR A MINIMUM OF 6-7 YEARS.
- I PERSONALLY SAY THAT IF YOU ARE STILL ALIVE IN THE MARKET -AND NOT BROKEN- AFTER 10 YEARS YOU CAN BE CALLED "TRADER".
- HERE REPORTED THE EURO % PERFORMANCES YEARLY ON THE MONTH TF. WHERE IS INDICATED HALF YEAR MEANS SWING HIG TO SWING LOW END OF YEAR (FROM HALF 2002, BEFORE WAS QUITE FLAT). INDEED NOT ALL THE INTRADAY (DA-DD) SWINGS HAVE BEEN COSIDERED : IT IS A HUGE WORK...)
- +14 -14 HALF YEAR
- +26
- +12
- -6 +16
- -8
SO LET ASSUME YOU ARE IN POSITION FOR EVERY YEAR AND NEVER MISS THE ENTRY AND EXIT BUT EXPECIALLY MARKET DIRECTION, CERTAINLY YOU WOULD HAVE HAD A THOSE PERFORMANCE.
BUT TRADING ISN'T SO EASY, ISN'T IT? CONSIDER STOPS, VOLATILITY, DRAW DOWN, GREED, FEAR, DECISIONS,.....
FURTHERMORE I DO NOT KNOW THE METH. IN DEFINING THE PAST RESULTS (THAT IS THE MOST IMPORTANT POINT GIOVI)
WHAT I KNOW IS HUMBLY THE FOLLOWING:
- WE HAVE SINCE NOVEMBER JUST TURNED THE MORE THAN 1000 CONTRACTS TRADED WITH DT SET UPS
- WE HAVE A BOLD HIT RATE OF 7.5 TO 10 (OF COURSE THE SET UPS WE CHOOSE AMONG MANY PROPOSED AN NOT ALL ARE 5,1,15,1.6
- WE MAKE AN ENORMOUS MISTAKE: WE DO NOT FOLLOW COMPLETELY THE SOFT INDICATIONS SO WE TEND TO CLOSE POSITIONS BEFORE THE TARGET, REDUCING SO IN A HUUUUUGE MANNER THE PROFITS.
LAST BUT NOT LEAST THE BEST DEMONSTRATION IS HAVING OPERATIVELY IN YOUR HANDS: THAN YOU'LL SEE WHAT IS ABLE TO DO.
CAVEAT: A SOFT IS A SOFT. A SOFT IS LIKE A COMPUTER : LIKE STEVE JOB WAS USED TO SAY IS JUST A BIKE FOR YOUR MIND.
THE OPERATOR IS BEHIND THE SCREENS AND TAKES DECISIONS. HE HAS THE ULTIMATE RESPONSABILITY, OTHERWISE WE WOULD BE ALL MULTIMEGAULTRA BILLIONAIRE. AND THIS IS NOT ETHICALLY RIGHT AND IMPOSSIBLE BECAUSE THE MARKET IS MADE BY SMART AND DUMB MONEY.
DT PUTS YOU ON THE SIDE OF THE SMART MONEY.
THERE MUST BE ALWAYS SOME DUMB BUIYNG WHAT YOU SELL (OVERVALUED)OR SELLING WHAT YOU BUIYNG.....(UNDERVALUED)OTHERWISE NO MARKET AT ALL.
MARKET IS NOTHING ELSE THAN AN AUCTION.
CAVEAT THIS IS MY OWN PERSONAL REPLY AND RWEFLECTS ONLY MY CONVINCTIONS AND NOT THE ONES OF THIS CORP.
Hi Fabrizio , thanks for your answer and help , i appreciate this and also you have for sure more experience on using this software.
Anyway I agree with you 100% , if you follow a system , you must trust it untill the end of a trade , may be it is more right of our emotions.
Thanks
giovi
giovi Wrote:Hi Fabrizio , thanks for your answer and help , i appreciate this and also you have for sure more experience on using this software.
Anyway I agree with you 100% , if you follow a system , you must trust it untill the end of a trade , may be it is more right of our emotions.
Thanks
giovi
GIOVI
ISN'T A FACT OF EMOTIONS. IS THAT THIS SOFT "THINKS" WITH THE SAME RATIONALE I (WE) DO.
BUT SOMETIMES THE TRADER SIDE TAKES THE LEAD: AND IF I SEE A DTOP I SELL IT 7 OUT OF 10 WITH A SAR INSURANCE IN THE CASE THE BREAK WILL BE SUCCESFULL (THIS IS JUST A CASE : ITS NOT IMPORTANT WHAT I (WE)THINK IS IMPORTANT WHAT IS GOING ON AND IF I HAVE X NUMBER OF BARS COMING DOWN OR UP WITH EVIDENT STRENGHT I DON'T GIVE A DAMM OF A DTOP OR DBOTTOM...IF THE STRUCTURE IS THAT ONE IUT WILL BE PULVERIZED....)
SOMETIMES DYNAMIC TREND SPACE ME OUT: MEANS I DO NOT "FOLLOW "ANYMORE" ITS RATIONALE... ITS PECULIAR, PUTS TGTS WHERE I WOULD NOT HAVE IMAGINED ...SO...(HAPPENED TWO NIGHTS AGO ON 6J)
BUT , TRUST ME, HE IS SELDOM WRONG AND WHEN IT HAPPENS THERE ARE RF, RI OUTER CIRCLE AND ETC ETC TO WARN YOU.
WE ARE IN THE PROCESS OF CREATING AN AUTOMATED BLACK BOX FOR OUR OWN USE, SO THAT THE TRADER SIDE WON'T OVERWHELM DT!!
CORDIALLY
I think their may be a simpler answer. I believe (and someone from DTP can tell me if I'm wrong) that the 60% figure is not a return percentage over 5 years. My understanding is that it is "the percent of profitable trades" not a total return percent...
?
Thank you Fabrizio for your comments!
Lynndal is correct; it is a percent of profitable trades and not returns.
It is very important to look at the trade management side of trading. I could give 10 people winning trades today, and they will all make different amounts. (Some might loose money).
Thanks guys for help me to understand this point.
Anyway today i started to use the sofware , i am in lerning mode
thanks
giovi
Fabrizio are you italian ?
I just subscribed to DT on wednesday, 9/26/06. I only subscribed on a pay per month basis, because I want to try it for 3 months before I decide if i want to lease it yearly.
I started trading the evening of Tuesday, 9/26/06 at 11:51pm (PST) using DT (along with my usual charting service full of my drawn in trend lines and indicators). I was very conservative in the trades I made. By Friday at market close I had made 101 pips!All I can say is WOW!
I will stick with my plan and try it for 3 months before paying for the year at once, however I must say I am extremely impressed so far.