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- ftraderx replied Feb 13, 2009
I see exactly what you mean. Thank you.
- ftraderx replied Feb 12, 2009
Manual close rational — I wonder if you would mind elaborating on the rational for manually closing the first trade. Was it the doji? Thanks
- ftraderx replied Feb 9, 2009
Excellent thread — This is a nice, refreshing thread. I hope you continue posting. I have suspected other threads of post-game, retrofitting the technical analysis and looking like geniuses. You are obviously NOT analyzing past data, but ...
- ftraderx replied Sep 1, 2008
I am as certain this method will lose money as I am the Earth isn't flat. DITTO what Andy points out here. Actually with a 30 pip profit target and 125 pip stop loss, 80% winning trades loses money. (4x30 = 120) (1 x 125 = 125) 120 profit minus 125 ...
- ftraderx replied Aug 17, 2008
I went short when the fundamental situation changed on the NZD and EUR. And maintained my long positions. Instead of buying when the price drops, I close short position and remove top long. This reduces my position size and lowers average price of ...
- ftraderx replied Aug 16, 2008
I'm in about 6% drawdown on the EUR/JPY NZD/USD combined, but I deveated from what I've posted here by shorting both along with long as a hedge. When the hedged positions had enough profit to offset the loss of the top position long , I closed it ...
- ftraderx replied Jul 21, 2008
Yes. In fact I did so in June when NZD/USD dropped from above .7900 all the way down below around .7400. I am also evaluating a kind of matrix where I would buy down at increasingly larger gaps down based on price falling by 3 or 4 atr rather than ...
- ftraderx replied Jul 20, 2008
You operate with that kind of leverage and you deserve to have your account wiped out
- ftraderx replied Jul 20, 2008
Why don't you open FXGAME account with oanda and figure out lot sizes from that. The .5% is .5% of available MARGIN. for oanda this is variable, but I use 50 to 1 margin. Also, it's the us dollar exposure which changes depending on the pair. I don't ...
- ftraderx replied Jul 17, 2008
Hope that is helpful
- ftraderx replied Jul 17, 2008
I remove the tp on the old order and enter new order with tp. On next day if I am opening another new order I remove tp on old positions and recalculate the new grid of limits and pts. Sounds like you have a complete grasp of the basic method. I've ...
- ftraderx replied Jul 16, 2008
Example scenario with 10k account is written by ftraderx on page 31. I didn't understand the logic of it, so I posted my question below. But I did in a wrong way, so it looks like my posting instead of ftraderx. Sorry for the confusion. Anyway, I ...
- ftraderx replied Jul 16, 2008
with my tweeks the second position would have hit a 15 pip profit and if price is still below atr(10) 50 you open another position. See my new post above.
- ftraderx replied Jul 16, 2008
The position closes according to rule number 6 of this method posted in the first page. I follow all the rules of this method only with tweeks in position size , profit targets, and currency pairs.
- ftraderx replied Jul 16, 2008
Okay. I am going to explain my tweeks on this method by referencing the instructions from the first post on this thread. I will color changed items red in dreamliner and give blue what I use. GPB/JPY ( NZD/USD , USD/JPY and EUR/JPY) ALL THREE) Long ...
- ftraderx replied Jul 16, 2008
LTU The original method doesn't have a profit target when you open a position after price falls. It does however have a buy limit grid with profit targets. This means you could have 2 positions opened if the buy limit is hit above position you ...
- ftraderx replied Jun 7, 2008
Do you mean you just put 20% on Oanda's preferences percentage? No, this advice applies to the person who was asking a question and doesn't have an OANDA account. I put 1% in preferences in OANDA. How far up to you build your limit orders? 100 above ...
- ftraderx replied May 29, 2008
I agree with your praise of this method and concern about drawdown. I will not tolerate more than a 25% drawdown PERIOD. If you open a small account that won't wipe you out if it is blown, this can help solve the problem. For example. If you have ...
- ftraderx replied May 25, 2008
1 minilot= 10,000? and what is your account size?
- ftraderx replied May 19, 2008
Thanks a million. Dreamliner called the guy "knightrider" in the first post of this thread but the real name is "fxnighttrader." I was going page by page through a search of "carry trade" which is considerable on oanda. Thanks again