the currencies are losing strength which means the USD will be gaining strength!!!
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Dislikedthe currencies are losing strength which means the USD will be gaining strength!!!Ignored
Disliked{quote} Thanks! I am not hedging though. Pure SL and TP method, no hedging. As simple as possible, like I'm totally stupid. Negative IQ!Don't have H2 and TF's like that. Trying H1, Two H4's and Daily.
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Disliked{quote} As said, no hedging. Just simple SL stuff. Yeah, concering SL, well you put it little above the spikes, maybe 10 pips, 15 pips above highest spikes or lowest. Than if SL is 40 pips, you can make your TP 80 or 120. Depends.. Probably go for 80 pips. So, in practice. You have 1000$ Let's say SL is always 2% (40 Pips) TP is 4% (80 Pips) Depends on the pair, but that's why higher TF should be good enough, almost any pair on higher TF has moves above 80 pips like H4 or Daily. Now.. 10/10 Trades = +40% 9/10 Trades = +34% 8/10 Trades = +28% 7/10...Ignored
Disliked{quote} I watched his video twice. there are two things i find interesting: - at a certain point he is in a losing trade. He hedges it to break even. If he had take a SL he would have lost 400$ His account would have grown to about 1600 instead of nearly 2000 - In his examples, he is hedging to try to break even on losing trades. But he does not show what happens if the hedge goes against him as well. He shows more hedging levels he would take, but that just means he is growing his Risk with every new hedge level. So it starts with 200 SL and then...Ignored
Disliked{quote} When to take a loss, depends what % of your bank you are willing to lose, big bank trading tiny lots will keep you in the game for longer, I posted a loss of over 2000 pips on GU but use DJIA for hedging which was over +3000 pips, I also trade many pairs and indices so as a collective everything seems to average out and hedges, because it alternates from loss into profit quite often I closed when in profit then start over, hope that makes sense...Ignored
Disliked{quote} With my system "i can lose ..... " I need only 25 % secesse to get to be so ... And mister gu has maybe 1 or 2 untrending days in a yearIgnored
Disliked{quote} No worries, just watched the video scary as we trade in the same style, only difference being is he waits for the S +R set ups as where I will just flip a coin or trade both directions at the same time, I would say that his trades will profit quicker than mine as he has an edge, but I will take more trades on so may will profit more as more volume of trades, also I don't need charts and can trade from phone, again will average out or hedge when a trade hits a certain loss depends on pair, indice or how I feel (gutsy after a big run...
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DislikedBe like Moty He lives to trade and he trades to live People throw shades at him but he still making that pip He is awake at day and awake at night You've never seen Batman and Moty in the same room, amiright? Mr. Pat chiko and Mr. WaveG fighting the neverending battle I wish Moty would finally swing that hammer Like Thor, bring people back to their senses But NO he is way too focused His ignore game is way too vicious He is married to this pip-making game Amidst the chaos, he climbs the ladder of wealth and fame. Easy come easy go many come many...Ignored
Disliked{quote} No worries, just watched the video scary as we trade in the same style, only difference being is he waits for the S +R set ups as where I will just flip a coin or trade both directions at the same time, I would say that his trades will profit quicker than mine as he has an edge, but I will take more trades on so may will profit more as more volume of trades, also I don't need charts and can trade from phone, again will average out or hedge when a trade hits a certain loss depends on pair, indice or how I feel (gutsy after a big run...
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Disliked{quote} With my system "i can lose ..... " I need only 25 % secesse to get to be so ... And mister gu has maybe 1 or 2 untrending days in a yearIgnored
Disliked{quote} You also carefully manage the size and number of trades relative to your account and your perception of the general direction of the market. Your charts don't exactly complement the trading style that you claim drives your trading decisions. Just sayin.Ignored