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The Swamp

  • #56,621
  • Mar 19, 2020 4:51am Mar 19, 2020 4:51am
Quoting gatorinla
{quote} triggered . it may allow a bounce to 0860
scratch,, it did allow a 29 pip tp on the 0866 short.. A long is against its trend. If i see it.. i will post next s trigger.
those who can, do. those who cant, talk about those who can
  • #56,622
  • Mar 19, 2020 5:06am Mar 19, 2020 5:06am
Quoting DMA Trader
{quote} short 850
out
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,623
  • Mar 19, 2020 5:12am Mar 19, 2020 5:12am
my 1 min bull atm.. waiting for a retrace 0850/77 dropping fast
those who can, do. those who cant, talk about those who can
  • #56,624
  • Mar 19, 2020 5:19am Mar 19, 2020 5:19am
Quoting DMA Trader
{quote} so how do we change our trading style indicators. how do we prepare for the next move in markets since huge profits were made - VIX high means we could be wrong and then we lose some of the money 1 - i say leverage reduce. if it is to lose we lose some of it. not big position what else ?

@Gator @Boulder @bigiivan @kivitrada @ill_be_back and others that wants to add value to this topic.

what do you think about this post. for me it's very important !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,625
  • Mar 19, 2020 5:32am Mar 19, 2020 5:32am
longed 0807, going to play the "How bad corona virus be in USA"
  • #56,626
  • Mar 19, 2020 5:36am Mar 19, 2020 5:36am
Quoting DMA Trader
{quote} @Gator @Boulder @bigiivan @kivitrada @ill_be_back and others that wants to add value to this topic. what do you think about this post. for me it's very important !
For me it's not a question of indicators, it's a question of staying with current trend, your trend, whatever the time frame you trade.
Then the volatility is inversely proportional to the time frame you trade, so adapt your lot size accordingly.
Simplicity is the Ultimate Sophistication.
  • #56,627
  • Mar 19, 2020 5:45am Mar 19, 2020 5:45am
large lay offs already happened, employment numbers on april 1, I wonder if it's going to pump it up slowly in anticipation of deep red.
  • #56,628
  • Mar 19, 2020 6:13am Mar 19, 2020 6:13am
Quoting broketrader
{quote} For me it's not a question of indicators, it's a question of staying with current trend, your trend, whatever the time frame you trade. Then the volatility is inversely proportional to the time frame you trade, so adapt your lot size accordingly.
thank you
ok so yes my indicators are going the same. ok fine with that

but at the change of trend or at some BS moves for some reasons - wil hit me and take my profits down.

it happen in february at the stupid raise of EU - and i was like yest good trend

1 M - 5 _ 15M - 1H - 4H - Daily and so on and position were not that small since it went perfect until then.

same thing now. we are making unreal profits. and you get to this point whenre you feel very confident relaxex. and just well let's open here respect the system
than adding and so on. and while i am not into leverage but i know how i trade will just eat from profits

that's why 1st rule for me is try to trade even smaller.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,629
  • Mar 19, 2020 6:17am Mar 19, 2020 6:17am
Quoting broketrader
{quote} For me it's not a question of indicators, it's a question of staying with current trend, your trend, whatever the time frame you trade. Then the volatility is inversely proportional to the time frame you trade, so adapt your lot size accordingly.

well this is the problem. you are going to see huge moves without retrace just like February eur so you cannot add to hedge and you cannot reduce position comfortably because of going like a rocket

yesterday I put a picture of a trade close before a 500 pip rally - while i don't see anything to brag about this it was for sure a dumb trade. we could have never go back to that price.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,630
  • Mar 19, 2020 6:21am Mar 19, 2020 6:21am
Quoting DMA Trader
{quote} well this is the problem. you are going to see huge moves without retrace just like February eur so you cannot add to hedge and you cannot reduce position comfortably because of going like a rocket yesterday I put a picture of a trade close before a 500 pip rally - while i don't see anything to brag about this it was for sure a dumb trade. we could have never go back to that price.

oh and yes. because of system working extremly well in trends. and lack of leverage i don't use stops only if i want to add to something that's on loss and the loss over all acount begins to get close to 10% or even higher. a little bit


at this poin in no way i want to see a 10% loss. no way
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,631
  • Mar 19, 2020 6:22am Mar 19, 2020 6:22am
got to a 10% hedge short of my position in gold. starting to feel confident about gold
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,632
  • Mar 19, 2020 6:26am Mar 19, 2020 6:26am
here i am commenting and my EUR drop like a rock without me
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,633
  • Mar 19, 2020 6:28am Mar 19, 2020 6:28am
Quoting DMA Trader
{quote} so how do we change our trading style indicators. how do we prepare for the next move in markets since huge profits were made - VIX high means we could be wrong and then we lose some of the money 1 - i say leverage reduce. if it is to lose we lose some of it. not big position what else ?
Hello DMA,
I reduced size by 4 since when ADR(14) was around 40. That is equivalent to reduce leverage.
Plus, every day, when I hit my daily target I stop trading.
No matter if I could have made much more
Have a nice day
Valter
  • #56,634
  • Mar 19, 2020 6:31am Mar 19, 2020 6:31am
Quoting DMA Trader
{quote} well this is the problem. you are going to see huge moves without retrace just like February eur so you cannot add to hedge and you cannot reduce position comfortably because of going like a rocket yesterday I put a picture of a trade close before a 500 pip rally - while i don't see anything to brag about this it was for sure a dumb trade. we could have never go back to that price.
And on top of that, I think that many of us are feeling that FOMO syndrome that push to take that trade, but remember, we are not living normal times, and we better be prudent than burned.
Simplicity is the Ultimate Sophistication.
  • #56,635
  • Mar 19, 2020 6:32am Mar 19, 2020 6:32am
Quoting DMA Trader
here i am commenting and my EUR drop like a rock without me
Yes, you write a post and 40 pips are gone
Simplicity is the Ultimate Sophistication.
  • #56,636
  • Mar 19, 2020 6:34am Mar 19, 2020 6:34am
Quoting broketrader
{quote} Yes, you write a post and 40 pips are gone
at least i was bussy not going long. jk
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,637
  • Mar 19, 2020 6:35am Mar 19, 2020 6:35am
Quoting valter
{quote} Hello DMA, I reduced size by 4 since when ADR(14) was around 40. That is equivalent to reduce leverage. Plus, every day, when I hit my daily target I stop trading. No matter if I could have made much more Have a nice day Valter

i don't believe in daily targets. i've gone aggressively as the market went. i made probably the expectation of an year this month -
so why would i stop trading

with leverage yes. this is mandatory
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,638
  • Mar 19, 2020 6:35am Mar 19, 2020 6:35am
Quoting broketrader
{quote} And on top of that, I think that many of us are feeling that FOMO syndrome that push to take that trade, but remember, we are not living normal times, and we better be prudent than burned.
correct i think we are closed to a burning moment
so while i see no way i would stop trading if it works lile "let your profits run"

1. reduce leverage

what else ?

what is the main thing after a one way direction right. ok - so how we will get above a counter rally without loosing big

2. I would add - No adding on a loss !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #56,639
  • Mar 19, 2020 6:41am Mar 19, 2020 6:41am
Quoting DMA Trader
{quote} correct i think we are closed to a burning moment so while i see no way i would stop trading if it works lile "let your profits run" 1. reduce leverage what else ? what is the main thing after a one way direction right. ok - so how we will get above a counter rally without loosing big 2. I would add - No adding on a loss !
No adding on a loss? But that one eur trade that you had since Feb, did you not trade eur during that time?
  • #56,640
  • Mar 19, 2020 6:43am Mar 19, 2020 6:43am
this is like an ATM machine. what the ....
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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