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Tease Me more @cpfleger

  • #5,341
  • Mar 3, 2024 11:16am Mar 3, 2024 11:16am
Quoting xinitial
{quote} My dream performance . Do you have any suggestion for us to reduce losses ? xinitial.
We are supposed to work on that this week, let's not pressure the teacher...haha...
Saludos, K.
  • #5,342
  • Mar 3, 2024 11:17am Mar 3, 2024 11:17am
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  • #5,343
  • Mar 3, 2024 11:19am Mar 3, 2024 11:19am
Quoting Mike3108
{quote} I have done similar trading in 2011 But I was having always a Hedge trade at X pips distance for loosing trade. So I can control the loss and DD of account. I never close the Hedge trade which is in profit, Hedge trade was to cover my loosing trade loss. With balance Free margin I continue my trading. When I close Hedge trade and Loosing trade. When market trend turn back in direction of loosing trade, I open 1 trade in direction of loosing trade and hold it until it reach my Hedge trade, Than I close my Hedge trade in Breakeven and now...
I understood you although I don't see it as easy to execute as you explain, but I am sure that many of those who are learning in this thread have not understood anything.
Some graphic examples would help.
Saludos, K.
  • #5,344
  • Mar 3, 2024 11:24am Mar 3, 2024 11:24am
Quoting Kraneos
{quote} I understood you although I don't see it as easy to execute as you explain, but I am sure that many of those who are learning in this thread have not understood anything. Some graphic examples would help.
Hi Sure I will try to explain on a chart,
give me some time to reply,
  • #5,345
  • Mar 3, 2024 11:25am Mar 3, 2024 11:25am
Quoting cpfleger
{image}
If it continues like this, people will think that the system works..., or does it really work?...
Saludos, K.
  • #5,346
  • Mar 3, 2024 11:27am Mar 3, 2024 11:27am
Quoting Mike3108
{quote} Hi Sure I will try to explain on a chart, give me some time to reply,
We are in no hurry, if you know our thread a little you know that what we have most is patience and desire to help.
Thanks for your time.
Saludos, K.
  • #5,347
  • Mar 3, 2024 11:34am Mar 3, 2024 11:34am
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  • #5,348
  • Mar 3, 2024 11:36am Mar 3, 2024 11:36am
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  • #5,349
  • Edited 11:53am Mar 3, 2024 11:38am | Edited 11:53am
Quoting Kraneos
{quote} I understood you although I don't see it as easy to execute as you explain, but I am sure that many of those who are learning in this thread have not understood anything. Some graphic examples would help.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 182 KB


I explain on recent trade chart
Please ask if still something is not clear.

If you use this step you can control your Draw down and account will never have big DD or losses.

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Click to Enlarge Name: screenshot.png Size: 207 KB
  • #5,350
  • Mar 3, 2024 11:55am Mar 3, 2024 11:55am
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Click to Enlarge Name: Trades.jpg Size: 390 KB
  • #5,351
  • Mar 3, 2024 6:07pm Mar 3, 2024 6:07pm
Quoting Mike3108
{quote} I have done similar trading in 2011 But I was having always a Hedge trade at X pips distance for loosing trade. So I can control the loss and DD of account. I never close the Hedge trade which is in profit, Hedge trade was to cover my loosing trade loss. With balance Free margin I continue my trading. When I close Hedge trade and Loosing trade. When market trend turn back in direction of loosing trade, I open 1 trade in direction of loosing trade and hold it until it reach my Hedge trade, Than I close my Hedge trade in Breakeven and now...
Because English is not my first language, I read it several times to understand what you wrote here.
In general, I understand what you mean.
Where if there is a transaction that is not in the direction of X pips, then you will open 1 opposite position to protect a continuous minus.
And when the market changes direction towards the position we were minus before, then you open 1 more position until breakeven or profit.
Please correct me if I'm wrong.
xinitial.
  • #5,352
  • Mar 3, 2024 6:11pm Mar 3, 2024 6:11pm
Quoting Kraneos
{quote} Interesting, if you can lend it to us to play for a while...
I think this indicator is not much different from the RSIMA we use now.
xinitial.
Attached File(s)
File Type: ex4 XU v004-RSIOMA+XUHISTO.ex4   134 KB | 174 downloads
  • #5,353
  • Mar 3, 2024 6:13pm Mar 3, 2024 6:13pm
Quoting cpfleger
{image}
I am not confident yet doing this kind of avg hahaha.
xinitial.
  • #5,354
  • Mar 3, 2024 6:15pm Mar 3, 2024 6:15pm
Quoting Kraneos
{quote} We are supposed to work on that this week, let's not pressure the teacher...haha...
Practice more and more is all we can do .
xinitial.
  • #5,355
  • Edited 6:49pm Mar 3, 2024 6:18pm | Edited 6:49pm
Quoting Mike3108
{quote} {image} I explain on recent trade chart Please ask if still something is not clear. If you use this step you can control your Draw down and account will never have big DD or losses. {image}
Preparing google translate to learn it .
Thank you for explain it in detail.
I like your way to protect the pain and pressure from drawdown.
xinitial.
  • #5,356
  • Mar 3, 2024 6:35pm Mar 3, 2024 6:35pm
Quoting cpfleger
{image}
Sorry sir, I am curious on how you doing cost avg .
Attached Image (click to enlarge)
Click to Enlarge Name: Trades (5).jpg Size: 368 KB


xinitial.
  • #5,357
  • Mar 3, 2024 6:51pm Mar 3, 2024 6:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 389 KB
  • #5,358
  • Mar 3, 2024 7:11pm Mar 3, 2024 7:11pm
xinitial,

Cost averaging is an old stock trading term for buying or selling a stock / forex Instrument at pre-defined price(s) as you expect the Market to go up or down in the near future. I am selling in advance as I see the Market by the Histogram Indicator below above the zero line for a long time and the big, long Resistance Box above. Now I do NOT know when this reversal will take place but if these sell trades are placed in gaps over time, the Market will reverse and hit most of my trades in profit which it has twice today. Experience and it's an old form of Hedging but in advance unlike todays hedging by Mike earlier within the same time zone.
cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.jpg Size: 49 KB
  • #5,359
  • Mar 3, 2024 7:20pm Mar 3, 2024 7:20pm
Quoting xinitial
{quote} Because English is not my first language, I read it several times to understand what you wrote here. In general, I understand what you mean. Where if there is a transaction that is not in the direction of X pips, then you will open 1 opposite position to protect a continuous minus. And when the market changes direction towards the position we were minus before, then you open 1 more position until breakeven or profit. Please correct me if I'm wrong. xinitial.
Yes Correct
  • #5,360
  • Mar 3, 2024 7:26pm Mar 3, 2024 7:26pm
xinitial,
See screenprint.
cpfleger
Attached Image (click to enlarge)
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