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General Trading Chat / Ideas

  • #10,941
  • Oct 27, 2019 7:21am Oct 27, 2019 7:21am
Quoting Bk55
{quote} i like the weeknds get to spend time alone with the charts sometimes they wispier things and tell us secretes lol
I’ve been looking at them as well. did the charts say anything to you
ex nihilo
  • #10,942
  • Oct 27, 2019 7:39am Oct 27, 2019 7:39am
Quoting Oc6oph
{quote} I’ve been looking at them as well. did the charts say anything to you
they told me to get new glasses
Turn your wounds into wisdom
  • #10,943
  • Oct 27, 2019 7:43am Oct 27, 2019 7:43am
trading the daily with weekly monthly direction you dont get many trades watching few pairs but no set ups for me yet
Turn your wounds into wisdom
  • #10,944
  • Oct 27, 2019 7:45am Oct 27, 2019 7:45am
Quoting Bk55
{quote} they told me to get new glasses
Well I don’t know why they said that to you as you seem to do well. I’d say with your leverage you could get an account up quickly. Wish I had 500:1 here for some trades lol
ex nihilo
  • #10,945
  • Oct 27, 2019 7:48am Oct 27, 2019 7:48am
reson for daily is i feel the candles can be trusted more due to less noise fake formations due to tweets news ect i think it give better edge over intraday and scalp my opinion not putting anyone down who scalps or intraday
Turn your wounds into wisdom
  • #10,946
  • Oct 27, 2019 7:51am Oct 27, 2019 7:51am
Quoting Bk55
reson for daily is i feel the candles can be trusted more due to less noise fake formations due to tweets news ect i think it give better edge over intraday and scalp my opinion not putting anyone down who scalps or intraday
I agree daily probably the best
ex nihilo
  • #10,947
  • Oct 27, 2019 7:56am Oct 27, 2019 7:56am
Quoting Oc6oph
{quote} Well I don’t know why they said that to you as you seem to do well. I’d say with your leverage you could get an account up quickly. Wish I had 500:1 here for some trades lol
thanks mate im still making mistakes so happy to demo for awhile until i lose the bad habits but getting closer everyday fingers crossed 2020 will be live.
high lev would be handy been thinking about having to accounts a safe low risk account and a gamble account with 3% to 5% risk depending on the set up.
so many things to think about
Turn your wounds into wisdom
  • #10,948
  • Oct 27, 2019 7:57am Oct 27, 2019 7:57am
Quoting Bk55
{quote} thanks mate im still making mistakes so happy to demo for awhile until i lose the bad habits but getting closer everyday fingers crossed 2020 will be live. high lev would be handy been thinking about having to accounts a safe low risk account and a gamble account with 3% to 5% risk depending on the set up. so many things to think about
Youre welcome and no matter how long one trades there’s probably always going to be mistakes
ex nihilo
  • #10,949
  • Oct 27, 2019 8:08am Oct 27, 2019 8:08am
Quoting Oc6oph
{quote} Youre welcome and no matter how long one trades there’s probably always going to be mistakes
i understand mate but i made mistakes that could of been avoided didnt meet rules i ended up taking grade b while waiting for grade a and paid the price i have put a plan together to stop it happening agian new rule beofour taking a position i have to take time out and right up a trade plan for jornol taking time out should fix the problem of jumping in to fast
Turn your wounds into wisdom
  • #10,950
  • Oct 27, 2019 8:09am Oct 27, 2019 8:09am
silly mistakes add up
Turn your wounds into wisdom
  • #10,951
  • Oct 27, 2019 8:11am Oct 27, 2019 8:11am
hows your trading going ?
Turn your wounds into wisdom
  • #10,952
  • Oct 27, 2019 8:14am Oct 27, 2019 8:14am
Quoting Bk55
hows your trading going ?
Good I’m up on my current EU shorts 4X what I lost on my EU longs currently underwater on my CJ shorts but expect JPY to appreciate more than likely
ex nihilo
  • #10,953
  • Oct 27, 2019 8:23am Oct 27, 2019 8:23am
Quoting Oc6oph
{quote} Good I’m up on my current EU shorts 4X what I lost on my EU longs currently underwater on my CJ shorts but expect JPY to appreciate more than likely
good to hear your up i have noticed you work hard and its paying off good work bud
reading your post makes me think about the next chapter of study hedging do you have any thoughts on hedging
Turn your wounds into wisdom
  • #10,954
  • Oct 27, 2019 8:30am Oct 27, 2019 8:30am
if i remeber curectly your from the USA it would be tricky can you have 2 accounts and hedge on the other account or would that still be illegal ?
Turn your wounds into wisdom
  • #10,955
  • Oct 27, 2019 8:31am Oct 27, 2019 8:31am
Quoting Bk55
{quote} good to hear your up i have noticed you work hard and its paying off good work bud reading your post makes me think about the next chapter of study hedging do you have any thoughts on hedging
Thank you i have thought it. How would you go about hedging
ex nihilo
  • #10,956
  • Oct 27, 2019 8:35am Oct 27, 2019 8:35am
Quoting Bk55
if i remeber curectly your from the USA it would be tricky can you have 2 accounts and hedge on the other account or would that still be illegal ?
Yes I’m in US and I could have 2 accounts. Can you long and short same pair on same account
ex nihilo
  • #10,957
  • Oct 27, 2019 8:38am Oct 27, 2019 8:38am
Quoting Oc6oph
{quote} Thank you i have thought it. How would you go about hedging
i woz thinking when holding a posstion that shows a potentual currection is setting up around some SR rather then close it i would like to hedge the main position with hedge a position so in essance hedging the pullbacks is one area i thought it could add value ... the other thought woz a hadge could your posstions rather then having stops i could hedge a failed posstion and wait for the set up on that pair and then scale out possibly giving a 2nd chance
Turn your wounds into wisdom
  • #10,958
  • Oct 27, 2019 8:46am Oct 27, 2019 8:46am
Quoting Bk55
{quote} i woz thinking when holding a posstion that shows a potentual currection is setting up around some SR rather then close it i would like to hedge the main position with hedge a position so in essance hedging the pullbacks is one area i thought it could add value ... the other thought woz a hadge could your posstions rather then having stops i could hedge a failed posstion and wait for the set up on that pair and then scale out possibly giving a 2nd chance
I see I’m not sure if it would be more profitable or not though
ex nihilo
  • #10,959
  • Oct 27, 2019 8:47am Oct 27, 2019 8:47am
Quoting Oc6oph
{quote} I see I’m not sure if it would be more profitable or not though
yes possibly a double edge sword
Turn your wounds into wisdom
  • #10,960
  • Oct 27, 2019 8:50am Oct 27, 2019 8:50am
Quoting Bk55
{quote} yes possibly a double edge sword
Yes my guess is it would only work well if both positions didn’t have stop losses. If there was a whip saw and you had stops you’d lose both of your positions
ex nihilo
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