How to Beat the Market Makers at Their Own Game | Page 47 | Forex Factory

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How to Beat the Market Makers at Their Own Game

  • #921
  • Jun 16, 2020 11:05am Jun 16, 2020 11:05am
I like how you are short and long at the same time. ;-)
  • #922
  • Jun 16, 2020 11:17am Jun 16, 2020 11:17am
Quoting flowchi
I like how you are short and long at the same time. ;-)
Me too. Up or down its a win/win
  • #923
  • Jun 17, 2020 6:43am Jun 17, 2020 6:43am
Usd/chf long and short. Sp500 short already got stopped out of a position , this second position looking kinda iffy. ascending triangle. i might take half off it it breaks the high.
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  • #924
  • Jun 17, 2020 10:14am Jun 17, 2020 10:14am
I opened this real account at the beginning of the month.

The purpose is to trade the entry/exits according to supply&demand and take the money&risk management approach of this thread:
https://www.forexfactory.com/showthread.php?t=70464

I had a lot of bad entries which are currently in drawdown, but as you can see the booked profits are almost the same as my current floating loss.

With this account as my own benchmark I want to develop "my own strategy" and live test it at the same time.

Let's see to where this approach will take my trading.
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  • #925
  • Jun 17, 2020 10:28am Jun 17, 2020 10:28am
Quoting flowchi
I opened this real account at the beginning of the month. The purpose is to trade the entry/exits according to supply&demand and take the money&risk management approach of this thread: https://www.forexfactory.com/showthread.php?t=70464 I had a lot of bad entries which are currently in drawdown, but as you can see the booked profits are almost the same as my current floating loss. With this account as my own benchmark I want to develop "my own strategy" and live test it at the same time. Let's see to where this approach will take my trading....
Most people wouldve lost the account or be in drawdown. congratz on the breakeven and with more trades and exp. you will see account growth.
  • #926
  • Jun 17, 2020 11:18am Jun 17, 2020 11:18am
Markets arent really moving alot today... 2 more trades , taking half off each if price moves past the yellow line to lower risk incase of loss.
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  • #927
  • Jun 18, 2020 9:41am Jun 18, 2020 9:41am
Yen took 2 shorts triggered by the spike. lower supply got stopped out , upper one worked out great.
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  • #928
  • Jun 18, 2020 9:50am Jun 18, 2020 9:50am
same trade cisco
(seems FO, but im not so confident with bear)

regards
Newbie trader
  • #929
  • Jun 18, 2020 9:54am Jun 18, 2020 9:54am
Quoting fex
same trade cisco (seems FO, but im not so confident with bear) regards
nice man , i was away for like 1 min, and came back when it was spiking back down and got out quickly!!!
  • #930
  • Jun 18, 2020 10:42am Jun 18, 2020 10:42am
Euro short , i took half off already. im entering a small position incase the market goes higher.
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  • #931
  • Jun 18, 2020 10:44am Jun 18, 2020 10:44am
same thing with sp500, got a short and currently a smaller position buy incase it goes higher. Will take half off of sell if it goes above yellow line.
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  • #932
  • Jun 18, 2020 10:54am Jun 18, 2020 10:54am
Quoting cisco92111
Euro short , i took half off already. im entering a small position incase the market goes higher. {image}
im little long... at mine (your) level... and i have the same sell limit upper order...
our levels are very, very near... not our "market view"... curious...

regards
Newbie trader
  • #933
  • Jun 18, 2020 11:01am Jun 18, 2020 11:01am
Quoting fex
{quote} im little long... at mine (your) level... and i have the same sell limit upper order... our levels are very, very near... not our "market view"... curious... regards
Lol, great traders think alike i suppose.
  • #934
  • Jun 19, 2020 2:59am Jun 19, 2020 2:59am
Quoting cisco92111
same thing with sp500, got a short and currently a smaller position buy incase it goes higher. Will take half off of sell if it goes above yellow line. {image}
What is the advantage using moving average in combination with the given details from newbie? Sorry i think it will help new trader to understand how you using it that way.
Perfection is the enemy of good enough!
  • #935
  • Jun 19, 2020 6:39am Jun 19, 2020 6:39am
Quoting MichaelSch
{quote} What is the advantage using moving average in combination with the given details from newbie? Sorry i think it will help new trader to understand how you using it that way.
You could take only Supply or demand levels in the direction of the moving average. but i just have them because i like having a few in my charts , i dont really need them
  • #936
  • Jun 19, 2020 7:01am Jun 19, 2020 7:01am
results this week. Im only risking like .25 per trade usually. i take .01 trades split in two zones hedging trades against the main trades to minimize losses incase market goes against me.

Im half way done to complete my ftmo challenge.
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  • #937
  • Jun 19, 2020 7:04am Jun 19, 2020 7:04am
euro short , i have 2 hedging buying position 1 was already triggered in case market goes higher.
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  • #938
  • Jun 19, 2020 8:34am Jun 19, 2020 8:34am
Really near cisco...
expecting more bulls... I would like to see it..

regards
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Newbie trader
  • #939
  • Jun 19, 2020 8:43am Jun 19, 2020 8:43am
Quoting fex
Really near cisco... expecting more bulls... I would like to see it.. regards {image}
Nice! Your catching all the moves. I got screwed on the euro trade. My first hedge got stopped out and the second hedge buy entry missed by .5 pip. I got out almost break even on my sell though..
  • #940
  • Jun 22, 2020 8:29pm Jun 22, 2020 8:29pm
short. got 1 short hedging position to cover about 80% of the losses if the two buys dont workout.
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