Personal

(Chase and) Status of the Union

That joke was totally not worth it.

The blog’s been going for about 6 weeks (give or take, I can’t actually be arsed to check) and as I said quite early on, I wanted to stop shortly into its existence to take stock.

First and foremost, I definitely cannot keep up the content production schedule of 2 full articles a week as well as the Countdown and Roundups. As much as I’ve enjoyed crafting a lot of it, there’s little room to work, trade, be daddy and reluctant husband, see friends, relax and write.

You may have noticed this from the array of Countdown and Roundups posts that were literally just made up of ?s. I scheduled these posts to make the process of posting easier – all I’d need to do is drop in some content and they’d be ready to go. Unfortunately I haven’t even had time to do that. It’s only today that I’ve thought, shit, I need to delete that messy content.

Plus, and here’s a key point – the algo’s changed again. Obviously from my first results the current algorithim seemed to be a good one, but the problem from my perspective is that the winning trades hit the profit targets by such a small margin it could’ve so easily gone the other way. I would prefer to get into something in the middle of its move and then out whilst it’s still got legs. I believe the algo I’ve got now accomplishes that, but it’s still firmly in testing. So much more development and understanding to go.

There’s also been a bunch of articles I haven’t even remotely enjoyed writing either. I hated writing the Chart Art post in particular – when I read it back, it’s just a jumble of words. To be fair, that’s a big portion of my writing style, but it doesn’t lend itself well to some scribblings. I had planned to review the SSL indicator and Xard’s fantastic trend following system, but I’ve realised I’m not the best person to write these pieces.

So, Countdowns and Roundups good. Analysis of own trading algorithms (past, present and future) and future developments good. The odd occasional foray into trading psychology and approaches good. Everything else? Nope. Especially where it concerns looking at other people’s shit. This is my journey after all.

That said, I do want to add one thing to the schedule. Reviews of trading and business films and TV shows. I’ve found these fascinating long before I started trading, and even more so now. I think it’d be interesting to look at them both as entertainment, and trading tools as well. So you can expect that added to the schedule.

So with all that in mind, for the next few months, I think we’re looking at…

  • Sundays and Fridays weekly: Countdowns and Roundups
  • Fortnightly on Wednesdays: My trading algorithm analysis/trading psychology/future developments
  • Every now and then on Saturdays: Trading media reviews

Just don’t expect this to be consistent for a while! I will try and get there as quickly as I can.

Another Chase and Status in a few months then! Until then, carry on trading. Or don’t, I don’t really care what you do.

About

So you’ve read my His(my)Story (all five parts. Why did you do that? Terrible idea), and you’ve taken a look around, and you’re a bit of a moron so you didn’t even click About and you want to know what this place is.

Well, I’m going to copy and paste the text from my About page and then elaborate a little bit. I’m a bit lazy like that (That’s okay, because you’ve been a bit lazy to not look at my About page!)

DoubleThree is the home of Syxx –husband, dad, digital trainer, writer, occasional tech wizard and wannabe day trader. He’s 30-something, supports Arsenal Football Club and is in the trading game partially to make life comfortable for his family, and partially to fund a charity project idea he’s working on. He hates typing in the third person, but creating an about page any other way seems wilfully unprofessional.

DoubleThree is intended to serve as an independent trader’s look into the ridiculous world of foreign exchange trading and finance – and that includes the random musings and thoughts the brain stretches to when there’s nothing to trade in a flat market. Expect sarcastic observations, completely incorrect technical analysis, unwanted commentary and the frustrations of balancing trading, work, family life and staying sane.

His favourite number is three – since three is the magic number – and what’s better than the number three? Two threes. Hence the website name. And of course, two threes make six, which would explain the online handle.

It’s unnecessarily complicated. Let’s just leave it at that.

Article wise, you can expect to see the following:

  • Weekly breakdowns of the market as I see it, and how my own personal trading went.
  • Observations of how I can improve my algorithim and approach to my trading
  • Reviews of indicators and systems I find for free on the web that I either take something from or I think might be beneficial for someone’s system somewhere
  • The odd personal mind dump that I can dump all over my social media for whatever reason (movie review, game review, rant about Arsenal)

That’s probably it, really. Doublethree is something personal and for me, but equally, if you get something from it, I’m happy for you. Just be aware, I’m not writing for anyone but me. You are welcome to comment on any post here, but unless it’s pleasant, insightful and could raise an interesting conversation I probably won’t approve it.

In the words of VP of NNFX – go get it!

His(my)Story, Part 5

Before I start wrapping up the total mind dump that is this autoshitography. let me advise you to head off to the NNFX website and YouTube channel and perform some light reading/watching/listening. When it comes to learning Dorex, it is the single most invaluable resource you could have to hand, and I wish it had been around back in 2015. Might have saved me a couple of grand.

The missing puzzle piece for my system building was not treating my systems for what they were – mathematical combinations of probability. I saw them as living, breathing analysis machines who were as good as the professional traders sitting up in their steel edifices, and that those edifices all used the same equations, the same calculations to power their trading.

A chance encounter with a video on YouTube changed all that.

This one.

What it explained to me about Big Banks and how they control, pressure and manipulate price was invaluable. No amount of indicators you place onto a chart are going to tell you what the banks have planned. They have liquidity available beyond your understanding, and when your system is prized to strike… they already know.

They’re going to take your money. They took mine, almost everytime.

My whole outlook on Forex changed, and I spent the spring and summer of 2019 studying the NNFX material, learning more about indicators, systems, processes and the so-called “Smart Money” than I ever had before. Even though I didn’t entirely agree with the algorithim layout and adapted it to suit my own trading approach, I came to the following conclusions:

  1. Everything – EVERYTHING – you do in Forex needs to have the goal of not losing money. Winning is a bonus. Not losing is the goal.
  2. Everything – EVERYTHING – you do in Forex needs to follow the movements of the Big Banks. Getting on their bandwagon is the only way to win consistently.
  3. If you have indicators in a single timeframe, those indicators need to be using a lot of information sources to be a fair reflection of what’s going on.
  4. Use MTF analysis. You cannot possibly know what’s going on in the larger context by looking at your preferred entry timeframe, especially if your preferred entry timeframe is a small one and therefore susceptible to market noise.
  5. Any confirmation indicators you have need to be tested and retested again and again and again. Independently and as part of a full system. They are the most important part of your entry process by far.
  6. Constantly develop and adapt your system. Find ways to further eliminate losses. Find ways to plug it into other markets.
  7. And finally – know your targets, know your stops, and stick to them. You can’t win if you let the market run off and not pay attention.

The more I built up a system to resemble a mathematical equation that gave me the best possible entries, the more I started to win. I wasn’t consistent and constant, but when my wins started to run, they really started to run.

Me, trying to figure out how moving averages work.

Unfortunately, whilst my trading life was starting to progress and excel, my home life wasn’t. My new wife was starting to show a bit more of her true colours now that we had moved in together and the way she spoke to me and the kids at times had become, in my view, nothing short of verbal abuse. She has told me multiple times about the verbal and physical abuse she suffered as a child, and how she would never do this to her own children, but equally telling your own kid that you’re going to smash his head against the toilet seat because he’s pissed on the floor by accident and not cleaned it up is… really the exact opposite of that. The day she said that is the day my love for her become hollow. Even if things do change, I’m not sure my feelings for her will come back.

I’m inbetween a rock and a hard place in that sense. I know if I leave these children will suffer financially and mentally, so if I am going to act on my feelings, I need to create a financial cushion through trading that I can provide to both my wife and those kids. At the same time, my patience to sit by and listen to the abuse is rapidly diminishing. I’m not in a position where I could offer much financial support, certainly not as much as I’d like.

I guess it’s a case of what will snap first. Right now, I’ve got a mask on.

And so going into 2020, that’s where we are. I have an algorithim which is running profitably, but one I can improve. By the same measure, I’m in a race to keep my sanity, protect my children, and leave a woman I’m growing to intensely dislike before it’s too late. My initial motivation was to provide for my family. Now it’s to escape whilst leaving enough for my family to survive on.

Life sure is fun, isn’t it?

Sorry for the warts and all story that wasn’t entirely about trading, but it’s important that we all understand our motivations in this game. I guess that’s an extra rule to my 7 above!

That’s the last part of my tale anyway. From here on out, it’s just trading stories, reviews, analysis and maybe the odd occasional anecdote. I set this blog up because really, it’s my only outlet for expressing my trading journey anonymously. Social media really ISN’T a good idea to recount your steps on – someone will always filter it. At least here, I’m in control.

And let me assure you – I will be in control of my trading. Never give up.

Happy New Year – Let’s Go Get It!

Nope, I’m not tapping this out on my phone at midnight thinking about my almost non-existent readership as we start 2020 (I actually scheduled this post on the 22nd December, huehuehue).

But! I do care about you all making money, so this is the year we’re going to do it.

As far as I’m concerned, this is how I’ve finished off this year:

I’ll be damned if I’m repeating the same thing at the end of 2020.

Let’s go get it. Together.

Happy New Year.

His(my)Story, Part 4

I have an addictive personality. It’s fuelled by the need to be the best that I can be. I’m totally fine with losing, but I’m not okay with losing when I know there’s more in the tank. If I give up on something, it’s only ever temporary. So a massive cash injection gave me the fuel I needed to go deep.

My new job did not afford me the time to daytrade lose money every hour of the day, so I had to start looking at the daily timeframe. This was something of a revelation to me – those market spikes evaporated from the chart, trades seemed able to run longer, and I gained a whole new perspective from position size and risk management. Although I was not particularly any better at making money, I was starting to design my own systems that obeyed consistent rules and didn’t blow banks all in one go.

My bank manager would be so proud (or probably doesn’t care because I doubt he earns a single penny off my bullshit account)

However I was tired. Tired of searching for reasons why indicators weren’t working the way they promised. Tired of searching for third party junk that may or may not repaint a chart in its own way. Tired of still losing money. I’d made such a huge leap forward in terms of my understanding of market mechanics and trading psychology, but it hadn’t particularly made me any better.

I needed a break. Metatrader was uninstalled, and for a while it seemed like it might be the last time. Or so I thought.

Everything changed in 2017. Like, literally everything. I had a new job – one I actually liked – and a chance encounter that led to a chance relationship brought me back to the fold a few years later. The object of my affection was a single mum living in a far flung location. All of a sudden single life on a single man’s wage was no longer really viable. Gee, who knew?

I don’t know what my thought process was at the time to be honest. Probably infatuation? When you start thinking with your dick, your dick starts thinking for you. It wanted vagina, lubricant, handjobs and, I can only assume, with the general lack of attention I’d given it during “The Depression Years” it made an educated guess I was paying for the privilege. Therefore, the answer to this equation was…

Having had a year off, I was pleasantly surprised to find I was adopting a more considered approach. A couple of other forums and websites had come to prominence since my temporary retirement/massive paddy, and they had some proprietary indicators of their own that picked out market conditions with much greater accuracy than before.

Profits were coming in, but they were inconsistent and my accounts tended to hover around break even. Something was still missing.

Enter 2019. Enter… NNFX.

(just one more part guys, honest)

His(my)Story, Part 3

“I’m really sorry. Financially we just can’t carry on.”

I joined the company as a ground level customer service grunt in 2001. It was my second job and finally the one that was going to use my skillset. They were a web design outfit (in the loosest possible sense of the word) offering one of those DIY web builders that were all the rage during the dot-com bubble. That’s right, a dot-com bubble business after the bubble had burst. Probably needs to tell you everything you know.

A myriad of things happened out of my control that led to me staying in that position, always one step away from being let go, always being the guy no one could rely on. I’m not ignorant of my failings and will always throw my hands up when I’ve fucked up, but most of the time my fuck ups were I was breathing and existing. I don’t think I need to tell anyone what the impact was on my mental health.

However, a strange thing happened. The company started to die as other technologies leapt past its put-together-with-wallpaper-paste-and-running-on-compromised-Windows2k-boxes and customers started leaving in droves with the time honoured “fuck this shit I’m out” approach. Whilst others were losing hours and jobs, I was static. No one even noticed how little I contributed. When the company was sold off to an investor looking for a DIY web builder extension to their core business, I was part of the package.

It was utterly bizarre and taught me that if you stay out of anyone’s sight, nothing bad can personally happen to you. Advice I have in no way, shape or form listened to ever since. Unfortunately the new owners were savvy. They knew they’d bought an untamable monster very soon into their tenure. At that point the writing was on the wall.

Artists impression of the moment the new owners realised they’d fucked up

So why have I told you all this, when it has nothing to do with forex? Well, due to the length of my service and the appreciated but very misguided boost in pay the new stewardship had given me, I had a redundancy package valued at thousands of pounds.

What do you think the vast majority of that went on, I wonder?

Hint: it was not chocolate cake.

Merry Christmas traders!

Enjoy it with your family, friends, pets, loved ones, whoever’s around. If you don’t have anyone, go find someone, even if they’re online in a chatroom or on social media. No one should be alone at Christmas.

Do your best to not be complete addicts this holiday season. Remember, although the markets are open again from the 27th, the banks won’t be truly back in the game until the New Year. With no smart money, don’t expect things to work the same as they usually do!

Plenty more content to come over the next few days and weeks. See you soon.

New Year’s Revolutions

I know it’s a bit early, but I wanted to set out my stall near the start of my trading blog’s life with some New Year’s Resolutions. Plus it breaks up my history shitposting which is obviously impacting all of your Christmasses because you care that damn much.

Let’s go.

#1 Stick to my algorithim – or at least have tested it long enough to let it live or die. Trying to find success in short term moves has always been my strength, but wobbling too quickly when it’s not coming together has been a weakness too. The two kinda go hand in hand. To classify the failure of an algorithim, it needs to have an extended period of time to breathe and prove itself. 3 or 4 days of losses in a row isn’t anything to be immediately concerned by, but when I see my capital dropping like a stone in those moments I tend to go for the nuke button and go back to the drawing board. I need to recognise that pulling the trigger too early isn’t going to get me to the promised land.

#2 Stop eating crap and unfat myself. Alright, a bit of a personal one but I can’t JUST talk about trading, I’m not some kind of Nick Leeson rogue trading robot and if I spend all year just concentrating on trading… I really have nothing witty here to add. Basically, I’ve put on like a bazillion pounds this year and have almost exclusively eaten Greggs and McDonalds. This needs to stop.

He never got fat, even after all that stress

#3 Resolve my marital unbliss one way or the other. Yeah, yeah, another personal point. I got married this year. I had second thoughts going into it, and since I’ve been living with her in supposed unity my second thoughts have evolved into third, fourth and fifth thoughts. If she didn’t get so bloody angry about fuck all and talk pointlessly all the time I think I’d probably be quite happy, but sometimes you have to turn around and say you make my mental health complete fucking garbage. By the end of 2020, I either want to be back on my own or happy.

#4 Start freelance training and perhaps even sell signals produced from the algorithim. If you check my About page, you’ll see that I’m in the business of training people. I’m a damn good trainer too, and I’ve got a pretty solid contract for 2 more years – but everyone knows a year moves quickly. I would love to transition into training people on how to effectively build trading systems, as well as provide signals for sale from a working, profitable algorithim. Here’s hoping.

#5 Do the Lord’s work. I’m a Christian. Not a particularly good one, but a Christian all the same. There’s a calling out there for me that I either haven’t heard or the Lord hasn’t given me yet. So many times over the past year I’ve asked for forgiveness and help and He’s always been there. I hope 2020 is the year He gives me the opportunity to really prove myself.

Well, that’s it. Let’s go get it!

His(my)Story, Part 2

In life, you generally tend to find that the greater the intrinsic value of something, the more people will invest in it. Not just monetarily, but emotionally too. It’s a theory I can look back on now and say, hey, yeah, you know what? I put far too much of my brain space into that thing that happened and it cost me. But in the heat of battle it’s so much harder to reflect and see where you’re going wrong.

MT4 has some 30+ inbuilt indicators, mathematical equations that are going on in the background that give you a clear and present account of what’s happening in the market. Perhaps they are closer to providing a clear and present danger, where the major players are going to take your money, shit on it, wipe it in your stupid ugly face and then get their butlers to clean the smeg from it before depositing it nicely in the slush fund.

I researched and tried many combinations over those next few months. A moving average cross would make sense, but then the trend would exhaust itself as soon as I entered. Okay, how about range trading with the outer bollinger lines? Haha, nope, we’re going to break out like Manchester City carving up Arsenal’s defence. What about ADX then? Well, only if your idea of trading is trying to follow a bunch of lines that have no bearing on the current state of the market.

If you look hard enough (and by hard enough I mean type “forex trading systems” into Google) there are hundreds of approaches that use all of these base indicators. Some even find massive followings on websites like Forex Factory. Yet very few seem to provide actual winning combinations.

The inevitable was starting to dawn on me – this wasn’t going to be an easy task. In my period of testing the inbuilt indicators, I’d lost a few hundred pounds. I could ill-afford to lose much else.

I sat at “loss of confidence and money” from the word go.

(I sat at “loss of confidence and money” from the word go)

Except I did. I lost my job.

His(my)story, Part 1

“£70!?”

My work colleague’s jaw dropped in amazement as I locked my phone, grinned, and took another mouthful of lager.

“I tell ya mate, next year’s the one.”

That was at the end of 2018, the last drink of the year before we broke up from work for Christmas. Suffice to say, 2019 has not been the one. Not yet anyway.

But I digress, which is quite impressive considering I’ve barely started.

You’re probably wondering who I am, why I’m here and why you’re here. Well, you’re definitely pondering the last one. Let me try and clarify.

I lost my mum in 2013 and had to get acquainted with the real world far too quickly. Financially I was not prepared – I’d been languishing in the same job with no direction and low pay for well over a decade. I had no prospects and all of a sudden, a mortgage to go with them. I had to figure out a way to make some extra coins somehow.

I took my first steps into trading in 2015. Foreign Exchange (Forex) was the game I’d foolishly chosen to play, and I got suckered in to a simple, market breakout based service promising hundreds of pips and vast riches. I wouldn’t particularly call myself gullible, and I did my research, checking for reviews and proofing etc etc, but on this occasion I got taken for a ride 100%. The service lost me money, and taught me a valuable lesson.

Despite that, my first exposure to the market outside of the movie Trading Places had me somewhat hooked. There was an entertainment value to watching charts go green, then red, then green, then red. Like a gigantic endless money making set of traffic lights with body dysmorphia, and a personality disorder big enough to let someone get run over by waiting until they’d put a bunch of money in the market and switching direction faster than you can say “Jeffrey Epstein didn’t hang himself.”

I started to dabble at my own speed, with a small fortune, and all of Metatrader 4’s inbuilt indicators…