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Price action at the core / tma intra day

  • #2,361
  • Mar 18, 2019 9:37am Mar 18, 2019 9:37am
Quoting Nih98
{quote} Once again thank you Sir, your MM point of view inspire me to 'dance' better than before {image} NIH PS. btw as noob forever, i dance with standard account..lol
The battle at 1.3300. Classic. Good Trading Nih98.
  • #2,362
  • Mar 18, 2019 8:29pm Mar 18, 2019 8:29pm
Quoting Nih98
{quote} Lol.. crying ? can't you dance ? I'm 'Dancer' so I dance with the beasts.. {image} {image} Daily beginner luck of course thank you Sir George and wish you all the best Northern Neighbor NIH
You are making some money...well done. Are you holding those trades without a stoploss? Dont get defensive or anything, just curious.

I used to trade like that before, made about 10, 000...then inevitably the thing bit back and I lost a fair bit of what I made.
  • #2,363
  • Mar 18, 2019 9:35pm Mar 18, 2019 9:35pm
Quoting Forexmeoff
{quote} You are making some money...well done. Are you holding those trades without a stoploss? Dont get defensive or anything, just curious. I used to trade like that before, made about 10, 000...then inevitably the thing bit back and I lost a fair bit of what I made.
yes....gabling not trading..
trading is simple but is simple is not easy.
  • #2,364
  • Mar 18, 2019 9:37pm Mar 18, 2019 9:37pm
Quoting Forexmeoff
{quote} You are making some money...well done. Are you holding those trades without a stoploss? Dont get defensive or anything, just curious. I used to trade like that before, made about 10, 000...then inevitably the thing bit back and I lost a fair bit of what I made.
Hi Bro, I'm not use hard stop loss, I use hedge/counter hedge positions and of course risk management. So, depend on current situation, I will decide when to 'valving' or 'switching' bias.

Regards
NIH
Dog + Smile = Beautiful Day
  • #2,365
  • Mar 18, 2019 9:52pm Mar 18, 2019 9:52pm
Quoting ZenNy
{quote} yes....gabling not trading..
Gambling ? lol.. you don't know me Sir. !!
Dog + Smile = Beautiful Day
  • #2,366
  • Mar 18, 2019 10:03pm Mar 18, 2019 10:03pm
Quoting Nih98
{quote} Hi Bro, I'm not use hard stop loss, I use hedge/counter hedge positions and of course risk management. So, depend on current situation, I will decide when to 'valving' or 'switching' bias. Regards NIH
Hi Nih98

So you are hedging when the spike doesn’t become a counter trend trade win, then close that trade at the next spike and trade another counter trade for that spike.
And so on.
I noticed you increase your size trades on ocassion, when and why do you increase your trade size.
Great trading.
Trading thin liquidity at the boundary of the charts
  • #2,367
  • Mar 18, 2019 10:04pm Mar 18, 2019 10:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: DONT JUDGE.jpg Size: 69 KB
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #2,368
  • Mar 18, 2019 10:06pm Mar 18, 2019 10:06pm
Attached Image (click to enlarge)
Click to Enlarge Name: bookbyitscover.jpg Size: 69 KB
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #2,369
  • Mar 18, 2019 10:33pm Mar 18, 2019 10:33pm
Quoting Nih98
{quote} Hi Bro, I'm not use hard stop loss, I use hedge/counter hedge positions and of course risk management. So, depend on current situation, I will decide when to 'valving' or 'switching' bias. Regards NIH
Very good.
  • #2,370
  • Mar 18, 2019 11:48pm Mar 18, 2019 11:48pm
Quoting George AUS
{image}
Well Said
  • #2,371
  • Mar 19, 2019 1:24am Mar 19, 2019 1:24am
Quoting Forexmeoff
{quote} Very good.
Just my personal understanding about 'hedge/counter hedge'

Attached Image (click to enlarge)
Click to Enlarge Name: Hedge and Counter Hedge example.png Size: 208 KB


maybe it help
regards
NIH
Dog + Smile = Beautiful Day
  • #2,372
  • Mar 19, 2019 1:28am Mar 19, 2019 1:28am
All,

A Nooby here from Sydney AUSTRALIA..

Thanks George AUS for starting this thread which seems like a gold mine to all of us!

I am starting this new chapter in my life of being a full time trader (Intraday) and had few question in my mind to decide on as which path to follow, so thought of throwing in front of you Pro's and see if you guys can to get me up and running..

I am reviewing few brokers platforms (demo accounts) and in dilemma as whom to choose 'cause ...
- Few have tighter spreads + Commissions (Oanda) and few have more spreads with no commission (IG)
- Few require a minimum SL.. like IG and others like Oanda are with lesser pts. in place
- Good thing about IG is that they have positive SWAPS on pairs where applicable and they charge it per day.
- Bad points which I haven't experienced may be because I am on demo, but hearing a lot in the forums is that these brokers play a lot with REQUOTES, SLIPPAGE, SL, Lack in Withdrawal of funds etc. (Anyone experienced it?) and blame it on slow connection and other factors.
- Should the broker be compatible with MT4 or something else to load TMA settings etc (Not Sure how this works)??
- Should be an ECN broker?

Was wondering as what's favourite among the family and would reckon?

Cheers
Rick
  • #2,373
  • Mar 19, 2019 1:47am Mar 19, 2019 1:47am
Quoting RickM
{quote} Hi Nih98 So you are hedging when the spike doesn’t become a counter trend trade win, then close that trade at the next spike and trade another counter trade for that spike. And so on. I noticed you increase your size trades on ocassion, when and why do you increase your trade size. Great trading.
Hi Bro, it depend on my personal risk management, bigger risk conditions (uncertainty, near red news) then decrease lot size (just test the water lot size), when in lower risk conditions (certain bias, loading/unloading areas) then increase lot size.

hope it help
NIH
Dog + Smile = Beautiful Day
  • #2,374
  • Mar 19, 2019 3:06am Mar 19, 2019 3:06am
Quoting George AUS
{image}
A story!!! I've got a bloody novel, probably in volumes, quite entertaining from the outside, but living it is NOT recommended!!
  • #2,375
  • Mar 19, 2019 3:46am Mar 19, 2019 3:46am
GJ and its Twin Brother GU cooking in a range. 29 Pips and 37 Pips range respectively.

MM waiting for the news to manipulate the price (Stop hunt) watch out......

Amos
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  • #2,376
  • Mar 19, 2019 6:22am Mar 19, 2019 6:22am
Hello, everyone
As I can see what is happening on GU right now is the same as was in the beginning of this thread post 42.
Thanks, Denis
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Attached Image
  • #2,377
  • Mar 19, 2019 6:26am Mar 19, 2019 6:26am
I apologize that posted George's picture, just wanted to show similarity immediately, without jumping to previous posts.
  • #2,378
  • Mar 19, 2019 6:44am Mar 19, 2019 6:44am
Quoting Nih98
Just my personal understanding about 'hedge/counter hedge' maybe it help regards NIH
Thank you, NIH, this picture is worth many thousands of words and lots of study.
"When the facts change, I change my mind"
  • #2,379
  • Mar 19, 2019 7:48am Mar 19, 2019 7:48am
Quoting amundo
{quote} Thank you, NIH, this picture is worth many thousands of words and lots of study.
There is nothing to study there. Hedging offers no advantage, and in that case closing the trade or hedging is the same thing. He says "instead of cut your loss with hard stop, you open opposite position with exact same lot size, to lock your floating loss." Well this is a pointless statement because both options do the same thing, if you buy and then close that buy with a hard stop what you are doing is entering the market with a sell order, so its the same as if you hedge.
  • #2,380
  • Mar 19, 2019 8:01am Mar 19, 2019 8:01am
Quoting STrading
{quote} There is nothing to study there. Hedging offers no advantage, and in that case closing the trade or hedging is the same thing. He says "instead of cut your loss with hard stop, you open opposite position with exact same lot size, to lock your floating loss." Well this is a pointless statement because both options do the same thing, if you buy and then close that buy with a hard stop what you are doing is entering the market with a sell order, so its the same as if you hedge.
hedging doesn't reduce your balance. and if you have sufficient margin you can close the hedge without any "loss" later. there is no right or wrong. its a matter of preference and one's trade management strategy. you may have nothing to study here, but there are many newbies who come to learn and doesn't know what hedging is.
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