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  • #1,130,481
  • Aug 28, 2017 8:09am Aug 28, 2017 8:09am
Quoting Samson85
Anyone who is in England should take the day off. The weather is fab and there is no US or Euro data out today so take a break lads. Spend some of those gains if you have some.
What is this bro?
Attached Image
Markets are Irrational
  • #1,130,482
  • Aug 28, 2017 8:09am Aug 28, 2017 8:09am
Quoting Rag2RichesFX
{quote} That is untrue. I run a grid EA that almost never sees a big drawdown (big = over 5%) Sure it only makes 5% a year but who cares. That is not the point. The point is that it makes money I would not have made had it not been running. It takes 100-300 trades per day (not counting each grid as a trade) When the market is making a big push against it I hedge and even net flip the position to take advantage of this. But since I lack the motivation/focus (dont we all) to scalp every 1 minute spike, I just let the EA do it. I prefer to catch the...
your trades are mostly hedge and if I am not wrong you are the same person who used to open simultaneously buy and sell orders using big lots in the euro which is a very risky strategy
  • #1,130,483
  • Aug 28, 2017 8:19am Aug 28, 2017 8:19am
Quoting 5astelija
{quote} That's great, I salute you for your success and hope the drawdown never comes to you
Thanks.

If the market was ever trending so hard the grid saw drawdown, I would be a part of that move (fully hedged and net the other direction).

Moves like that are the moves we live for. May even turn the grid off in such a time.

Quoting giveachance
{quote} your trades are mostly hedge and if I am not wrong you are the same person who used to open simultaneously buy and sell orders using big lots in the euro which is a very risky strategy
lol? opening buy and sell orders (hedging) is the same thing as closing a position
Be hopeful in a winning position, and fearful in a losing position.
  • #1,130,484
  • Aug 28, 2017 8:23am Aug 28, 2017 8:23am
Quoting Samer1970
{quote} margin call will wait small traders behind that corner called small account balance to keep buying from dibs meaning for each trade there will be deducted margin, floating loss, negative night swap... so when to reach your bend for the trend either i will die of heart stroke or i will have margin call as my account is small then i will have heart stroke , in both cases your advice for small traders is big BS

I'm not talking about making 50 trades, or even 3 simultaneous and even if I was, there has been no significant retracement that you couldn't have continuously bought. I've said multiple times here how I haven't been able to enter a trade because I was committed elsewhere. So use your brain before calling BS, cheers.
  • #1,130,485
  • Aug 28, 2017 8:25am Aug 28, 2017 8:25am
Quoting Rag2RichesFX
{quote} Thanks. If the market was ever trending so hard the grid saw drawdown, I would be a part of that move (fully hedged and net the other direction). Moves like that are the moves we live for. May even turn the grid off in such a time. {quote} lol? opening buy and sell orders (hedging) is the same thing as closing a position
It is not the same since you will face SWAPS on the overnight positions...
Markets are Irrational
  • #1,130,486
  • Aug 28, 2017 8:26am Aug 28, 2017 8:26am
Quoting gugun555
{quote} thanks mate but i am stupid and stubborn trader, very difficult for me to see the dips and my ears usually deaf in listening to others advice.

If you decide on the direction based on a real trend, you can be a little stubborn, until you can see it's going the other way making reverse swings. You just need to make sure you aren't over-committed on your trades and you are only trading pairs that are actually trending well, and only in the right direction.
  • #1,130,487
  • Aug 28, 2017 8:28am Aug 28, 2017 8:28am
Quoting ArslanHyder
{quote} It is not the same since you will face SWAPS on the overnight positions...
and you pay spread.
  • #1,130,488
  • Aug 28, 2017 8:28am Aug 28, 2017 8:28am
$JY lifting SL to 109.31 . . . .
  • #1,130,489
  • Aug 28, 2017 8:30am Aug 28, 2017 8:30am
Quoting ArslanHyder
{quote} It is not the same since you will face SWAPS on the overnight positions...
Why would I hold overnight unless it was a short?
Be hopeful in a winning position, and fearful in a losing position.
  • #1,130,490
  • Aug 28, 2017 8:31am Aug 28, 2017 8:31am
Quoting Rag2RichesFX
{quote} Why would I hold overnight unless it was a short?
-0.5 pips / day scares you huh?
  • #1,130,491
  • Aug 28, 2017 8:31am Aug 28, 2017 8:31am
Quoting Catch-22
{quote} and you pay spread.
no actually you do not. say i close my short and flip long (im already long but my s hort is more in profit than my long is in loss)

the short makes profit and where you normally would have to open a new order (paying another spread), i dont have to open a new order to get net long again


there is no additional spread. cmon guys.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,130,492
  • Aug 28, 2017 8:31am Aug 28, 2017 8:31am
Quoting giveachance
{quote} your trades are mostly hedge and if I am not wrong you are the same person who used to open simultaneously buy and sell orders using big lots in the euro which is a very risky strategy
A colleague of mine who is a pro-scalper reckons grids work, just FYI. Just off catching the main movement, even though you lose a bunch of trends when it's choppy.
  • #1,130,493
  • Aug 28, 2017 8:32am Aug 28, 2017 8:32am
Quoting Stillearnin
{quote} -0.5 pips / day scares you huh?
lol no but

Usually the high of day for Euro long is well before the rollover.
If you time the daily highs right, you never have to pay swap to hold a long term Euro long.

Just buy the dip after the swap
Be hopeful in a winning position, and fearful in a losing position.
  • #1,130,494
  • Aug 28, 2017 8:34am Aug 28, 2017 8:34am
Quoting Catch-22
{quote} I'm not talking about making 50 trades, or even 3 simultaneous and even if I was, there has been no significant retracement that you couldn't have continuously bought. I've said multiple times here how I haven't been able to enter a trade because I was committed elsewhere. So use your brain before calling BS, cheers.

still my answer : do not pass any advice about your way of trading as it is the holy gril here, there are here so many newbie traders who will believe to keep buying on dibs even their account is small and when the market goes deeply then they will lose...

you should use your brain .... when writing in English try to remember many people here they are not native in English either .

you should be specific when writing such as .... ..... and if your account is having huge funds to keep buying from the dibs .....

these simple words will mean alot for many traders who are struggling to put food on their tables.....................................

i am really fed up.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #1,130,495
  • Aug 28, 2017 8:35am Aug 28, 2017 8:35am
Quoting Samer1970
{quote} still my answer : do not pass any advice about your way of trading as it is the holy gril here, there are here so many newbie traders who will believe to keep buying on dibs even their account is small and when the market goes deeply then they will lose... you should use your brain .... when writing in English try to remember many people here they are not native in English either . you should be specific when writing such as .... ..... and if your account is having huge funds to keep buying from the dibs ..... these simple words will mean...
Absolutely
Markets are Irrational
  • #1,130,496
  • Aug 28, 2017 8:35am Aug 28, 2017 8:35am
Quoting Catch-22
{quote} A colleague of mine who is a pro-scalper reckons grids work, just FYI. Just off catching the main movement, even though you lose a bunch of trends when it's choppy.
it depends on the grid... when its choppy is best for mine. actually strong trends with deep pullbacks are the most profitable for my grid.

just not moonshots of 200 pips.. it can handle those but with 5-10% drawdown.

usually when the market is going to spike that hard im already a part of that move so the grid drawdown doesnt bother me.
Be hopeful in a winning position, and fearful in a losing position.
  • #1,130,497
  • Aug 28, 2017 8:36am Aug 28, 2017 8:36am
Quoting Catch-22
{quote} A colleague of mine who is a pro-scalper reckons grids work, just FYI. Just off catching the main movement, even though you lose a bunch of trends when it's choppy.
do u know he opens 1 standard lot multiple trades. dont follow anyone in forex unless you have the arsenal.
  • #1,130,498
  • Aug 28, 2017 8:37am Aug 28, 2017 8:37am
Quoting Samer1970
{quote} still my answer : do not pass any advice about your way of trading as it is the holy gril here, there are here so many newbie traders who will believe to keep buying on dibs even their account is small and when the market goes deeply then they will lose... you should use your brain .... when writing in English try to remember many people here they are not native in English either . you should be specific when writing such as .... ..... and if your account is having huge funds to keep buying from the dibs ..... these simple words will mean...
what would you recommend instead of buying dips...

buying new highs? :/
Be hopeful in a winning position, and fearful in a losing position.
  • #1,130,499
  • Aug 28, 2017 8:38am Aug 28, 2017 8:38am
just crazy bull continue to take off last week , so to secure the targets at least 1.2041, if not 1.2520 !take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,130,500
  • Aug 28, 2017 8:40am Aug 28, 2017 8:40am
most people lose money because they over leverage and when position goes against them they cant afford to buy more, they panic and sell
i can guarantee 0.1% profits ALL day long. its so easy to make a 0.1% profit

if only newbies understood the power of 0.1% trades, 3-5 of them per day.

one day it will click for some of you. very nostalgic looking back now lol i remember when i first started posting here
when you make good money you outgrow forums. period end of story. but its been a while thought i would stop by. dont really recognize anyone though

perhaps that means they outgrew forums too
Be hopeful in a winning position, and fearful in a losing position.
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