Brijons advanced traders multi-currency strategies

but practicing game mode you will learn dd

trading is easy managing drawdown requires practice

watch the videos then start printing money and learning dd control in game mode

Hi everyone

I think I've done something wrong. I put on a THREE 4 and THREE 5 hedge.. ie. SHORT and LONG positions on both baskets when each were ZERO+3 on the dashbaord

Could someone help me identify what's wrong please?!

Gradually I close positions, removing highest profit and lowest loss from the same basket.. then I replace the pairs I removed, and so on...

I've got down to EURCHF buy and sell position, hedged, but rather than lock in profit, I've locked in a loss?! $50... how do I get out of this / what did I do wrong to cause this to happen.

Could someone give me some advice. Many many thanks!
R

Hi r2997790

To be honest I have no idea why it hasn't worked for you, I still get the hedge back to front when practising, however the last 3 videos that brian has posted, particularly the 2nd one should have a lighthouse plonked right on top of it.

For me the 2nd video has finally answered a couple of questions that I had. In my opinion I think brian has made it perfectly clear that he prefers the three1 and three 4, might be worth sticking to those untill you can trade them blindfolded. I know its a waiting game for the zero but rather than get frustrated take a step back, re watch the videos.... and then watch them again.

On a different note, im wondering whether it would be worth setting up a skype group, be easier to bounce ideas around especially around the time a crossover occurs.

If anyone is interested or have previous experience or thoughts on setting one up perhaps they would make themselves known.

M.

I think it might be because I've removed the matching pairs to end up with a matching pair at the end, and hence a perfect hedge? Hmm... not too sure.

And you're absolutely right... I must stick to the SIXPAIR, Three 1 and Three 4. If it's not broken don't fix it

A skype group would be terrific. I'm committed to this method. It's great.

I'll send you a email Moody ... maybe a few of us can create a Skype group?

I'm on GMT.

Best wishes
Ryan

Hi Ryan

GMT here to, hope there will be other interest, perhaps brian might be able to find a spare min or two as well.

M.

I think Brijon is +1 ... I can set up a Skype group.

Anyone who wants to join can Direct message or email me your Skype name I can add you.

Cheers

http://www.youtube.com/watch?v=JLhRbSppb7U

Hi Brian

Thanks for the latest video, it has cleared up one or two points that I was unsure of.

I have made setting the limit orders as a foundation of my trading plan along with scalping with the 3mw however I still had issues trading off of the six as an indicator, that has now been cleared up with your latest video, now have to decide how to combine all 3 into one account or trade them seperate

Many Thanks

M.

Hi Brian

As promised statement of my demo account , contains a mixture of limit orders and scalping the 3mw.

Start date 31st May $5000

No drawdown (luck).

M.

http://www.youtube.com/watch?v=mi8qLapqrvs

Thank you andrew for posting great results

here are the indicators for the above video

Hello there,

I just want to know what are the risks in trading business. Is there ways on how I could avoid these one?

good morning guys,

below is a statement you can read of my yesterday result

i use on the renko chart using EURUSD swapping technique, explain in Brians videos before.

reason i use renko is that every block has is always the same size. this is the advantage over time based. were candles differ. so math wise my ratio will always be the same except the spread.

the block size is +5 pips. that is how i use the renko.

so whenever there is a new renko block i open a buy and a sell.

lets say we have

sell eurusd -3
buy eurusd -1
buy eurusd +6
buy eurusd +10

now 30 minutes later we see now

buy eurusd -10
buy eurusd -5
buy eurusd +4
sell eurusd +7

at this point of time. the buy of EURUSD +4 in pips should be closed. the sell swapped over an buy of EURUSD in profit , so when the sell swaps over a buy when it is at least 4 pips in profit it should close that buy trade and leave the rest open.

i do this all manual. you really need to stay infront of the chart to do this method. but it is great for learning and upgrading your skills and learn Brian his techniques.

it works but it takes time.

my yesterday result on EURUSD was +395 pips.

you can check the result in the zip file.

goodluck everyone!

http://w3.newsmax.com/a/aftershockb/video.cfm?promo_code=CB2E-1

hi,
i have a question for you guys.

What price do you use for weekly zero point price for bosuns lines calculation?

do you use the very first price of the new trading session (the open price of sunday), the close price of last week (the close price of last friday) or the open price of the new week (the open price of monday)?

these prices could vary a lot.

Thank you

that is what bosuns lines are based on for the weekly

so i think you need to go to 3mw and read the thread and then view all the videos on here as your question show me you have not even watched all the videos or are an experienced multi currency trader

so do us the courtesy of reading both threads and watching the videos

first

from BRIAN

thank you Brian

we all learn from each other by giving we gain 1000x more than we gave

that is the real secret of accumilating wealth

simple but truth is often so simple

that the greedy cant see only take

and wonder why 95 % of traders loose money trading the forex

first one has to give to recieve

God bless from Brian

In the spirit of sharing as Brian says (thank you everyone for making this such a wonderful thread) ... I've put together a quick example of a SIXPAIR hedge trade I took yesterday (2/8/11) and closed out earlier this hour.

The screenshots show the entry, the yo-yo profit-loss-profit as the basket fluctuates and finally the exit. Hope is helps someone.

The trade was on for 21 hours for +93 pips (approximately).