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EURUSD

  • #1,126,121
  • Aug 3, 2017 7:45am Aug 3, 2017 7:45am
Quoting timos
{quote} UJ short {image}
It's Good... Good

I'm never Trade for USD/JPY pair. I more like EUR/JPY pair

I'm Tired. Almost 12 Hours Trade for Today. Not Hold my Trade again ...
Always looking the GREAT, never left GOOD Point...
  • #1,126,122
  • Aug 3, 2017 7:45am Aug 3, 2017 7:45am
Quoting timos
{quote} I think it stands for Profit on sierra charts. I am new to this platform not sure how it works exactly. It has 2 choices,one to display as P (profit/) and one as C(cents?)
so you're showing a +$175,000 profit right now? kind of weird how you p/l looks
  • #1,126,123
  • Aug 3, 2017 7:49am Aug 3, 2017 7:49am
Quoting bbk1
{quote} I fully understand what you're saying but believe me I had been using this method of hedging for years and I have not gotten in a big loss except in my first 2 years of trading when I had no experience. The key here is: 1) have enough margin in account 2) patience. No matter how far up they take it, it's bound to come down. And like I said (I am hedging) I am buying as it goes up and closing the longs as it nears resistance or starts coming down, then buy from down again and close when it nears resistance and so forth while keeping my shorts...
you are not alone. I am in the same boat. I don't really like it, but I am trying to make the most out of it. I don't want to give my $$$ easily.
On the brighter side, I am not afraid to load up my Longs since even if it goes against my position, I am still happy since my equity goes bigger. Take as much profit from the Longs, then increase the equity as it retraces down. I am not sure if this strategy is sustainable though but so far it has been working for me. When I build enough equity, I might be prepared to cut my negative $$$. Goodluck to both of us.
  • #1,126,124
  • Aug 3, 2017 7:52am Aug 3, 2017 7:52am
Quoting hilmy83
{quote} so you're showing a +$175,000 profit right now? kind of weird how you p/l looks
Yes.
SC is a bit complex.
I think it calculates based on the ticksize you set.
I've set mine to 0.000001 ticks. If I set it to 0.01 ticks ,I can move my chart drawings every 0.01,that's why I've set it lower, in order to draw levels better.
Attached Image


This is how P&L looks like when I set it to 0.01
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_114.png Size: 36 KB


True PNL in Eur
Attached Image
  • #1,126,125
  • Aug 3, 2017 7:55am Aug 3, 2017 7:55am
Quoting Tsar
It Enough ... The Bull didn't have a Lot Power anymore I closed my Trade And Total Profit Trade in 3 Days : {image}
Well... well...

The Bull have got New Power from US Natural Gas Storage Reported 20B from 23B
Always looking the GREAT, never left GOOD Point...
  • #1,126,126
  • Aug 3, 2017 7:56am Aug 3, 2017 7:56am
Bank of England downgrades economic forecasts...

Euro gets stronger...
  • #1,126,127
  • Aug 3, 2017 7:56am Aug 3, 2017 7:56am
Quoting Tsar
{quote} Well... well... The Bull have got New Power from US Natural Gas Storage Reported 20B from 23B

You forgot: DJT farted and that sent the US Dollar into a dive man.
  • #1,126,128
  • Aug 3, 2017 7:58am Aug 3, 2017 7:58am
closed my longs
  • #1,126,129
  • Aug 3, 2017 7:59am Aug 3, 2017 7:59am
Quoting timos
{quote} Yes. SC is a bit complex. I think it calculates based on the ticksize you set. I've set mine to 0.000001 ticks. If I set it to 0.01 ticks ,I can move my chart drawings every 0.01,that's why I've set it lower, in order to draw levels better. {image} This is how P&L looks like when I set it to 0.01 {image} True PNL in Eur {image}
It's looks very Complicated ya ...

I learn cTrader platform's almost 3 Months. These platform's more Simple
Always looking the GREAT, never left GOOD Point...
  • #1,126,130
  • Aug 3, 2017 8:00am Aug 3, 2017 8:00am
Quoting Venomousssss
closed my longs
So Fast ?
Always looking the GREAT, never left GOOD Point...
  • #1,126,131
  • Aug 3, 2017 8:02am Aug 3, 2017 8:02am
Quoting Tsar
{quote} It's looks very Complicated ya ... I learn cTrader platform's almost 3 Months. These platform's more Simple
Well,I use round trade sizes so I can calculate approximate P&L myself.

It is true but SC offers way more possibilities
  • #1,126,132
  • Aug 3, 2017 8:03am Aug 3, 2017 8:03am
Quoting timos
{quote} Yes. SC is a bit complex. I think it calculates based on the ticksize you set. I've set mine to 0.000001 ticks. If I set it to 0.01 ticks ,I can move my chart drawings every 0.01,that's why I've set it lower, in order to draw levels better. {image} This is how P&L looks like when I set it to 0.01 {image} True PNL in Eur {image}
shit, that looks complicated. but nice profit though
  • #1,126,133
  • Aug 3, 2017 8:04am Aug 3, 2017 8:04am
Quoting yanitsa
{quote} Which broker is it ?
markets.com
Enter Signature
  • #1,126,134
  • Aug 3, 2017 8:09am Aug 3, 2017 8:09am
Attached Image


22 pips bull scalp
enuf for today
Lets make some green pips
  • #1,126,135
  • Aug 3, 2017 8:11am Aug 3, 2017 8:11am
Quoting timos
{quote} Well,I use round trade sizes so I can calculate approximate P&L myself. It is true but SC offers way more possibilities
Yeah ...
Each Platforms has an Excess Difference

I learn ProTrader 3 Platform's too. For Alternative MT4 Platform's
The Benefit Technical Analysis Tool more Completely than cTrader Platform's
But I more like cTrader because more Simple

Please take a look in Platform alternatives to Metatrader
Always looking the GREAT, never left GOOD Point...
  • #1,126,136
  • Aug 3, 2017 8:12am Aug 3, 2017 8:12am
Quoting Tsar
{quote} Well... well... The Bull have got New Power from US Natural Gas Storage Reported 20B from 23B
You forget to mention the sarcasm, because the reports 20B from 23B is positive for $.

ISM Non-Manufacturing PMI to be positive for $ should be above 50, so 53.9 is very good despite 57 manipulated forecast.

Despite positive data in a row, the $ selling machine cannot be stopped out...
I am who I am
  • #1,126,137
  • Aug 3, 2017 8:12am Aug 3, 2017 8:12am
Quoting bbk1
{quote} markets.com
Regulated in Africa.That says a lot
  • #1,126,138
  • Aug 3, 2017 8:12am Aug 3, 2017 8:12am
sigh..longs re opened..im stupid..surely.
  • #1,126,139
  • Aug 3, 2017 8:13am Aug 3, 2017 8:13am
Lots of contradictory news man...! Haha.

DOW JONES:
"
The U.S. service sector in July experienced strong business activity expansion, as firms reported an accelerated pace of new orders received and hiring new workers, according to a report Thursday.
IHS Markit Economics' U.S. services business activity index rose to 54.7 in July from 54.2 in June, and from its flash reading of 54.2. The reading indicated the sector grew, as readings above 50 indicate expansion and readings below 50 indicate contraction.
The report said new order growth was the strongest in two years, which resulted in a rate of job creation that was the strongest so far this year.
"

Completely against the ISM Non-manufacturing. Wonder if the ISM will get conveniently "revised upward" here in the next week or two... haha.
  • #1,126,140
  • Aug 3, 2017 8:15am Aug 3, 2017 8:15am
Quoting Ron25
{quote} you are not alone. I am in the same boat. I don't really like it, but I am trying to make the most out of it. I don't want to give my $$$ easily. On the brighter side, I am not afraid to load up my Longs since even if it goes against my position, I am still happy since my equity goes bigger. Take as much profit from the Longs, then increase the equity as it retraces down. I am not sure if this strategy is sustainable though but so far it has been working for me. When I build enough equity, I might be prepared to cut my negative $$$. Goodluck...
To be honest I would not say that it's a sustainable strategy, but it's a way to minimize losses. But if one is not careful with it he/she could get burned on both sides. When I first tried it, I really got bitten bad and it took me a while to make it work for me. I only use this strategy if I had to, like in the situation I got myself in with EU. Of course there is no better strategy than to ride the trends but sometimes one gets caught up in a situation like I am with EU, and that would be the time when hedging might help
Good luck to you
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