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Hold the Gold 2 replies

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Hold The Gold

  • #41
  • Jul 16, 2019 4:26am Jul 16, 2019 4:26am
mav3n, here is level 3 filtering. I back it up with a simple, yet highly effective floating hedge, in case the signals are not right about the entry level and the price moves further down?
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What I mean here, is they do buy signals, not sell signals, when they move it higher up. That is the point here.
Attached Image
Maadik Hugiis. IQ 69.
  • #42
  • Jul 16, 2019 4:57am Jul 16, 2019 4:57am
mav3n, here is an example, of how to filter properly the annual/monthly opening price. I have cleaned 80% of all objects. Left only the turning points and few more I am lazy to clean now.
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The road map alternative is making big profits, while the direction filter strategy suffers from a draw-down, as seen on the image.

These are the biggest pips open trades. Not visible on the chart, unfortunately, but we can see them in the objects. Holding 200 to 400 pips at the moment.
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On the cable, the sells are opened 12 days already. The pair had made 800 pips so far. 800 pips are left from the 2019 trend. If it is going down. If it is going to reverse it higher up, there would be 1,600 pips. I dunno what will happen. All I know we are running out of time and the annual trend will be formed at any moment. Seems like going down.

Imagine now, you can hold these open for 600-800 pips more? It it goes down? Or you hold it for 1,500 pips, if it goes up?
Maadik Hugiis. IQ 69.
  • #43
  • Jul 16, 2019 8:49am Jul 16, 2019 8:49am
mav3n, i keep one terminal uncleaned.
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Now, imagine, we know what we know now, but it is Jan 2019 instead of Jul 2019?

Even the level 1 strategy has no draw-down at the moment. Those weeks, from the beginning of March 2019? We run it there? Under the same level 1 approach? 10k open profit at the moment would have been for us... Too pity I am a slow thinker... Unlike Level 1, Level 2 and 3 approaches would nearly go without any draw-down. Nearly.

We have 500-600 pips on the downside max with the cable. Maybe not even that much...
Maadik Hugiis. IQ 69.
  • #44
  • Jul 16, 2019 9:22am Jul 16, 2019 9:22am
Dear MZ,
Thanks for the detail info, I am just go back online, it is 9.21 pm now in Indonesia. Let me try to figure it out first.
Thank you.
  • #45
  • Jul 16, 2019 5:38pm Jul 16, 2019 5:38pm
Quoting MoneyZilla
{quote} Catching the trend? You can do it with a stick. Like a wooden or a plastic stick? Outside your monitor? That is super easy.
point taken but I really meant catching a trend early and exiting at the correct time to maximize profits, not just identifying a trend outright.

I agree with your arguments though (even the more abrasively made ones) and think we are on the same page. I much prefer trading longer time frames because following the trend and fundamentals is much easier that way. Thanks for the good info here.
careful not to step in a pile of it
  • #46
  • Jul 16, 2019 8:51pm Jul 16, 2019 8:51pm
Dear MZ,

I feel that i should understand first how Closezilla 1.40 work. What i know it is like a plotting machine that plot P/L as the time goes. For example if i set the Write P/L for every X minutes to 1 minute, it will plot the P/L every 1 minute. First Question, why it plot one in the above and one below, what is the difference?
Thanks Attachment g
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  • #47
  • Jul 16, 2019 9:04pm Jul 16, 2019 9:04pm
Next question : If we finally still cannot understand how to read the roadmap, is it still possible to be a profitable trader just by :
1. Following the annual Trend, for example : Uptrend
2. Add position when price goes below Median D1
3. Exit when overall cloud of our positions reached 80% of the Yearly Delta.

Are we still in 'Negative Pips' zone by doing only these? Is it a mandatory to use the "Roadmap Alternative" to be consistently profitable in the long run?

I really want to understand this Roadmap Alternative since months ago, but still haven't got the clue. What i am doing right now is watching how the Closezilla work. Dear MZ, btw in your trading Philosophy you said "Always BETTING against the OTHER colour!" , do you mean Always Betting against less dominant color in the roadmap chart? in case of Gold, we are betting against the Orange Color (sell) because it is less dominant.
Thank you
  • #48
  • Jul 17, 2019 5:22am Jul 17, 2019 5:22am
Quoting bulltrap
point taken but I really meant catching a trend early and exiting at the correct time to maximize profits, not just identifying a trend outright.
You are right with that one. I have mentioned it here numerous times. We catch nearly 98% of the annual trend, if we enter with a new batch each week. If a new batch each month, 95% we catch of the max. We safe exit at 80%. This solves the early trend catcher. Problems is it takes more cash. Not an issue for me personally. Lets catch what is left of 2019 and net the full 2020 trend.
Maadik Hugiis. IQ 69.
  • #49
  • Jul 17, 2019 7:21am Jul 17, 2019 7:21am
Quoting mav3n
... to be a profitable trader just by : 1. Following the annual Trend, for example : Uptrend 2. Add position when price goes below Median D1 3. Exit when overall cloud of our positions reached 80% of the Yearly Delta. Are we still in 'Negative Pips' zone by doing only these? Is it a mandatory to use the "Roadmap Alternative" to be consistently profitable in the long run?
Holding it for the annual trend, even when using any of the direct chart level 1 strategies, puts you outside the 'negative pips' zone, by default!

They don't teach you that kind of stuffs, do they?

Holding it for the annual trend, makes you vulnerable only, if you screw it all up with the money management, as this is absolutely the most important element.

Regarding the CZ. She helps to be more aggressive and offers options for smaller targets like 50-100-150 pips, which wont really help, in a long run, when trading the chart directly, with EA or without. CZ filtering also offers higher annual returns, due to reducing the chopping impact... dramatically.
Maadik Hugiis. IQ 69.
  • #50
  • Jul 17, 2019 4:40pm Jul 17, 2019 4:40pm
Quoting mav3n
Dear MZ, I feel that i should understand first how Closezilla 1.40 work. What i know it is like a plotting machine that plot P/L as the time goes. For example if i set the Write P/L for every X minutes to 1 minute, it will plot the P/L every 1 minute. First Question, why it plot one in the above and one below, what is the difference? Thanks 3387786 {image}
If the PLwritten on the chart is always written on top, for example, you won't be able to see a single line as they will overlap each other. Therefore, the swedish dev guy i work with, since Aug 2014, giving him tasks, every damn week, literally, is a very smart person. He figured that thing out. That is why you see the yellow text field with the present PL one time above and the next time below. Just to be able to read them...
Maadik Hugiis. IQ 69.
  • #51
  • Jul 17, 2019 4:55pm Jul 17, 2019 4:55pm
Quoting MoneyZilla
{quote} You are right with that one. I have mentioned it here numerous times. We catch nearly 98% of the annual trend, if we enter with a new batch each week. If a new batch each month, 95% we catch of the max. We safe exit at 80%. This solves the early trend catcher. Problems is it takes more cash. Not an issue for me personally. Lets catch what is left of 2019 and net the full 2020 trend.
Agreed! And the age old it takes money to make money is definitely true in trading.

I've been long gold for most of this year but after doing some analysis and talking to fellows like you I think I will add to my positions tomorrow and consider longer term scaling as well.
careful not to step in a pile of it
  • #52
  • Jul 17, 2019 5:00pm Jul 17, 2019 5:00pm
Today we flew from Equatorial Guinea to Heathrow, UK.

Tomorrow we fly to Haneda, Tokyo, Nippon.

For the next 25 days or so, will be enjoying Earth's best human nation, at the moment.

Probably will be slow in replies here.

Meanwhile, to all of you, just try to hold the gold. Here is a small example of how I do try it...
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Maadik Hugiis. IQ 69.
  • #53
  • Jul 17, 2019 7:41pm Jul 17, 2019 7:41pm
Quoting MoneyZilla
{quote} If the PLwritten on the chart is always written on top, for example, you won't be able to see a single line as they will overlap each other. Therefore, the swedish dev guy i work with, since Aug 2014, giving him tasks, every damn week, literally, is a very smart person. He figured that thing out. That is why you see the yellow text field with the present PL one time above and the next time below. Just to be able to read them...
Ooops, how stupid i am That's should be obvious!! Thanks MZ!
  • #54
  • Jul 17, 2019 7:50pm Jul 17, 2019 7:50pm
Quoting MoneyZilla
Today we flew from Equatorial Guinea to Heathrow, UK. Tomorrow we fly to Haneda, Tokyo, Nippon. For the next 25 days or so, will be enjoying Earth's best human nation, at the moment. Probably will be slow in replies here. Meanwhile, to all of you, just try to hold the gold. Here is a small example of how I do try it... {image}
I always willing to go to Japan, but haven't visit it yet, yeah you're right it is a very superb country in term of cultural, economy, technology and any other aspect. Btw, in which prefecture you will stay MZ?

MZ, about holding the gold, do you divide your positions into long term position (holding until 80% yearly delta) and short term position (take smaller profit)?
Or you just try to hold them as long as they go, and make some sell position to compensate the drawdown?

Thanks a lot
  • #55
  • Jul 18, 2019 1:56am Jul 18, 2019 1:56am
Quoting mav3n
...in which prefecture you will stay MZ?
We will travel it a full round. North to South. Probably 7 stops, 3 days each. We go to a local travel agency and ask where the Nipponers do go on their countryside? Willingly avoiding all popular tourist sites where foreign tourists are being pushed to... The real Nippon rocks big time!
Quote
MZ, about holding the gold, do you divide your positions into long term position (holding until 80% yearly delta) and short term position (take smaller profit)? Or you just try to hold them as long as they go, and make some sell position to compensate the drawdown? Thanks a lot
My last example was from a shorter term hold. There is an auto switch on and off and I can't really tell how far it will go. Last time closures were like near or over 500 pips ($50 price delta) per trade.
Maadik Hugiis. IQ 69.
  • #56
  • Jul 18, 2019 5:43am Jul 18, 2019 5:43am
Just subscribed , really intrigued and interested
Stay green!!!
  • #57
  • Jul 18, 2019 6:07am Jul 18, 2019 6:07am
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Going to Haneda now.

Some bags will be missing. Won't be ours, for sure. Heathrow computer system got stuck today and the luggage was loaded manually.

Lets hope we do land there and not anywhere else?
Maadik Hugiis. IQ 69.
  • #58
  • Jul 18, 2019 6:20am Jul 18, 2019 6:20am
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Maadik Hugiis. IQ 69.
  • #59
  • Jul 18, 2019 3:36pm Jul 18, 2019 3:36pm
Quoting MoneyZilla
Today we flew from Equatorial Guinea to Heathrow, UK. Tomorrow we fly to Haneda, Tokyo, Nippon. For the next 25 days or so, will be enjoying Earth's best human nation, at the moment. Probably will be slow in replies here. Meanwhile, to all of you, just try to hold the gold. Here is a small example of how I do try it... {image}
Paid 4 your trip right hurrrr!
  • #60
  • Jul 18, 2019 4:33pm Jul 18, 2019 4:33pm
Quoting MoneyZilla
{image}
careful with those spirits, they can haunt you later.
careful not to step in a pile of it
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