1.We acknowledge that there will be losing trades within a winning strategy.
2.We go on to acknowledge that you can not divorce the losses from the winners or you will NOT get the winners.
3.Inst...ead of trying to avoid the losing trades (which in our opinion is ‘holy grail’ stuff and does not exist) I designed the BETRAS SWING) to mitigate the losses. Mitigation is an important concept and the sooner you learn it, the sooner you will improve your trade results.
4.It is a combination of great setups that take advantage of edge of the chart price action, smart confirmations, smart RULES that include how to make minor key level adjustments, disciplined dynamic goal setting , tight and concise tradeplans that should be followed the same way every day, a dynamic stop strategy that cuts risk and seeks to get to a risk free position
5.With all that, we then accept the losses that we do get, trade through them, and let the magic of the system work itself out, which is why we keep getting all those attractive equity curves you’ve seen. The losses get you to the winners.
6.Remember, if a solid winning tradeplan (anything from 60% on up) is winning a majority of the time, the other smaller part of that equation are the losing trades. No one can control the market but we can control how we trade it and how much risk we expose ourselves to. We can then manage our risk as the trade progresses. That way, we get the most out of the winning trades and reduce our risk as much as possible on the losing trades while still trying to give the trade the room it needs to develop. It’s a fine line that is never perfect. Anyone who tells you otherwise is selling you a dream but not reality. Yet you’ll find the betras swing trading does an amazing job at it.
7.With all that being said, the betras swing tradingdoes have an uncanny way of consistenly delivering the goods if you develop your own ability to trade it with discipline and confidence. When a few losses come your way, you have to rely on the knowledge that the betras swing is fast to recovery and will give you explosive, profitable trades that launch your two steps forward. Two steps forward, one step back, two steps forward, one step back. That is a healthy and realistic process and the path to ever growing profits. ALL profitable equity curves ‘stair step’ their way, up, and to the right. Accept this and be at peace with it. That’s the business we’re in. This is where the process needs to begin.
The trade examples this month, exemplify ALL these elements, working together, producing the winning edge that the betras swing will give you IF you have all your package covered. To this day, the plan continues to work.
How Does the BETRAS SWING Deal With Choppy Forex Price Action?
Sunday, March 6, 2011It is a combination of a few critical elements:
Posted by BETRAS SWING SYSTEM at 4:09 PM
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BETRASTRADE METHOD 3.2 SWING SETUP 2012
WARNING. THIS SET UP IS FOR EDUCATIONAL PURPOSE, IS NOT A TIPS OR FINANCIAL ADVICE. DONT TRADE THIS SET UP WITH PROPER RISK AND MONEY MANAGEMENT AND RECEIVE PROPER TRAINING !!!!!!!!!!!!!!!!!!!.
BETRAS SWING 3.2 SYSTEM (90% MECHANICAL 10% ART)
SUMMARY JANUARY 2012 PERFORMANCE:
12 wins, 3 losses . winning rate 80%, risk reward 1:1. Gross % gain before broker commission depend on your risk , lets says if use 2% = 2% x 9wins = 18% and 5% x 9wins = 45%
Mar 2012 performance 11 wins vs 6 losses .69% winning rate. clean wins 5 wins, gain, 2% risk with risk reward 1:1; 5 x 2% = 10% gain. If use 5% risk, with risk reward 1:1; 5 wins x 5% = 25% gain from equity
SUMMARY APRIL PERFORMANCE
April 2012 performance 9 wins vs 11 losses .45% winning rate. clean losses 2 , 4% drawdown, 2% risk with risk reward 1:1;
SUMMARY MAY PERFORMANCE
May 2012 performance 7 wins vs 2 losses .77% winning rate. clean wins 5 , 5% x 2 = 10% gain , 2% risk with risk reward 1:1;
SUMMARY JUN PERFORMANCE
JUN 2012 performance 12 wins vs 1 losses .92% winning rate. clean wins 11 , 11% x 2 = 22% gain , 2% risk with risk reward 1:1;
Detail Jun 2012 Performance
6th Jun 2012
1. USDJPY win + 55pips (2% gain)
2. EURAUD win +65pips (2% gain)
3. GBPJPY + 58pips (2% gain)
4. EURUSD +52pips (2% gain)
5. USDCHF + 42pip (2% gain)
14th Jun 2012
1. EURUSD win + 95pips (2% gain)
2. USDCHF win + 76pips (2% gain)
18th Jun 2012
1. USDJPY stopped out (-2%)
20th Jun 2012
1. GBPJPY win + 83pips (2%)
21st Jun 2012
1. USDJPY win + 67pips (2% gain)
22nd Jun 2012
1. USDCHF win 68pips (2% gain)
2. EURUSD win 95pips (2% gain)
28th Jun 2012
1. GBPJPY win + 50pips (+2%)
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BETRAS SWING 3.2 SYSTEM (90% MECHANICAL 10% ART)
SUMMARY JANUARY 2012 PERFORMANCE:
12 wins, 3 losses . winning rate 80%, risk reward 1:1. Gross % gain before broker commission depend on your risk , lets says if use 2% = 2% x 9wins = 18% and 5% x 9wins = 45%
SUMMARY FEBRUARY 2012 PERFORMANCE
10 wins, 5losses . winning rate 66%, risk reward 1:1. Gross % gain before broker commission depend on your risk , lets says if use 2% = 2% x 5wins = 10% and 5% x 5wins = 25%
Mar 2012 performance 11 wins vs 6 losses .69% winning rate. clean wins 5 wins, gain, 2% risk with risk reward 1:1; 5 x 2% = 10% gain. If use 5% risk, with risk reward 1:1; 5 wins x 5% = 25% gain from equity
SUMMARY APRIL PERFORMANCE
April 2012 performance 9 wins vs 11 losses .45% winning rate. clean losses 2 , 4% drawdown, 2% risk with risk reward 1:1;
SUMMARY MAY PERFORMANCE
May 2012 performance 7 wins vs 2 losses .77% winning rate. clean wins 5 , 5% x 2 = 10% gain , 2% risk with risk reward 1:1;
SUMMARY JUN PERFORMANCE
JUN 2012 performance 12 wins vs 1 losses .92% winning rate. clean wins 11 , 11% x 2 = 22% gain , 2% risk with risk reward 1:1;
Detail Jun 2012 Performance
6th Jun 2012
1. USDJPY win + 55pips (2% gain)
2. EURAUD win +65pips (2% gain)
3. GBPJPY + 58pips (2% gain)
4. EURUSD +52pips (2% gain)
5. USDCHF + 42pip (2% gain)
14th Jun 2012
1. EURUSD win + 95pips (2% gain)
2. USDCHF win + 76pips (2% gain)
18th Jun 2012
1. USDJPY stopped out (-2%)
20th Jun 2012
1. GBPJPY win + 83pips (2%)
21st Jun 2012
1. USDJPY win + 67pips (2% gain)
22nd Jun 2012
1. USDCHF win 68pips (2% gain)
2. EURUSD win 95pips (2% gain)
28th Jun 2012
1. GBPJPY win + 50pips (+2%)
JOINT ME AT FACEBOOK
http://www.facebook.com/betrastradefx.forexedition
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