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Hedging/averaging trades without prediction

  • #3,781
  • Aug 14, 2024 2:51pm Aug 14, 2024 2:51pm
Quoting LazyTrades
Couldn’t play today but good luck to those who did.
Gap filled.
Quite quick this week.
  • #3,782
  • Aug 14, 2024 3:15pm Aug 14, 2024 3:15pm
Quoting zola
{quote} Gap filled. Quite quick this week.
Textbook, not for me though, got to be in it to win it, roll on next week...
  • #3,783
  • Aug 15, 2024 5:29am Aug 15, 2024 5:29am
I just exited the FTSE divi trade for 0.538% net of fees.

(I'm in Oz)
FTSE long 8265 / 8282.7 (using an AU$ CFD)
hedged short CAC 7336.9 / 7329.5
hedged EUR/AUD 1.66632 / 1.66214
  • #3,784
  • Aug 28, 2024 1:55pm Aug 28, 2024 1:55pm
Looks like another small but successful gap fill today, made a basic EA a while back which opened a sell every Thursday at 4.29pm, only had a small date range on the 1min to test but was 100% successful, did have a DD of around 12% if I remember right.
Sounds like a lot of screen time to me.
  • #3,785
  • Sep 2, 2024 11:52pm Sep 2, 2024 11:52pm
I only just realised your echidna is holding red and green candles! I thought they were jalapenos!!
  • #3,786
  • Sep 3, 2024 11:36am Sep 3, 2024 11:36am
Had to look up echidna, he's supposed to be a hedgehog
Sounds like a lot of screen time to me.
  • #3,787
  • Sep 3, 2024 12:17pm Sep 3, 2024 12:17pm
Quoting LazyTrades
Had to look up echidna, he's supposed to be a hedgehog
Definitely a hedgehog
1.02^200
  • #3,788
  • Sep 7, 2024 2:57pm Sep 7, 2024 2:57pm
Quoting Erebus
{quote} Nothing to do with technical analysis, take no notice of that chart; that comment was about the way Nick Shawn @ MissionFX made those entries; they were strictly brute force, no analysis, just telling the market that it was wrong, and he was right. You probably need to have followed his Telegram back then, or at least all the associated posts in that thread. Good Luck.
Nick Shawn trots out another client as proof of his expertise rather than publishing his own "results"???

How She Got Profitable Trading Forex (Breaking All The Rules)

Inserted Video
It takes a lot for me to IGNORE you, but you can try.
  • #3,789
  • Sep 7, 2024 5:51pm Sep 7, 2024 5:51pm
She's clearly got her head in the clouds.
Sounds like a lot of screen time to me.
  • #3,790
  • Sep 7, 2024 7:27pm Sep 7, 2024 7:27pm
Quoting Erebus
{quote} Nick Shawn trots out another client as proof of his expertise rather than publishing his own "results"??? How She Got Profitable Trading Forex (Breaking All The Rules) https://youtu.be/_tVqMnLg_GE?si=LCcjfnIMjL0lrwUP
He publishes his trades on telegram. Real time trades you need to be paid member...Please buy subscription and expose him.
This thread is all about breaking all rules if you see guy who started this thread is having trades with no rules. As long as risk is managed coin flip can earn money...
  • #3,791
  • Sep 8, 2024 1:05am Sep 8, 2024 1:05am
Quoting sampat
{quote} He publishes his trades on telegram. Real time trades you need to be paid member...Please buy subscription and expose him. This thread is all about breaking all rules if you see guy who started this thread is having trades with no rules. As long as risk is managed coin flip can earn money...
Yes, he does, in fact, that is his sales pitch. He is unable to provide any broker statements, so you have to do the research on Telegram.

How stupid is that?

I did join for a month and was there for 4 more for free!

Did you watch the YouTube video where the client admitted losing 180K out of 200K, Euro I believe?

There were videos where he claimed to make 180K himself, the recent ones say he lost 110K of that.

I'm waiting for him to blow the account, now he has gone to un-regulated, high leverage broker overseas.

I posted lot of charts to display the ridiculous trade entry from Telegram.

It takes a lot for me to IGNORE you, but you can try.
  • #3,792
  • Sep 8, 2024 4:02am Sep 8, 2024 4:02am
Quoting Erebus
{quote} Yes, he does, in fact, that is his sales pitch. He is unable to provide any broker statements, so you have to do the research on Telegram. How stupid is that? I did join for a month and was there for 4 more for free! Did you watch the YouTube video where the client admitted losing 180K out of 200K, Euro I believe? There were videos where he claimed to make 180K himself, the recent ones say he lost 110K of that. I'm waiting for him to blow the account, now he has gone to un-regulated, high leverage broker overseas. I posted lot of...
Thanks
I always suspected he was a scammer and not a good trader.
  • #3,793
  • Sep 10, 2024 1:28am Sep 10, 2024 1:28am
Thought of the day " who thinks they can make a guaranteed 1 pip profit everyday " ...
  • #3,794
  • Sep 10, 2024 3:07am Sep 10, 2024 3:07am
Quoting Erebus
{quote} Yes, he does, in fact, that is his sales pitch. He is unable to provide any broker statements, so you have to do the research on Telegram. How stupid is that? I did join for a month and was there for 4 more for free! Did you watch the YouTube video where the client admitted losing 180K out of 200K, Euro I believe? There were videos where he claimed to make 180K himself, the recent ones say he lost 110K of that. I'm waiting for him to blow the account, now he has gone to un-regulated, high leverage broker overseas. I posted lot of...
If he made 180k to lose 110k, he is still in profit of 70k, I don't see the problem. The time frame in which he made and lost it, that is a relevant data. If you don't mind, where did you post these charts? It would be interesting

note: I have no sympathy for this alleged trader, just curious
  • #3,795
  • Sep 10, 2024 4:00am Sep 10, 2024 4:00am
Quoting Fiox89
{quote} If he made 180k to lose 110k, he is still in profit of 70k, I don't see the problem. The time frame in which he made and lost it, that is a relevant data. If you don't mind, where did you post these charts? It would be interesting note: I have no sympathy for this alleged trader, just curious
Sure, profit is profit, but he provides no actual proof of anything.

Obviously, you haven't watched enough of his YouTube videos to understand how silly everything he says is.

Most likely, the only money he makes in FX will the selling of subscriptions; why does he keep selling?

Because nothing he does works, people leave, he need new clients, same as brokers.

Have you seen this one?
Inserted Video


He was shorting EURAUD, before and into the unprecedented power move UP on August 5, check your charts. Look at 44 minutes into that video.

Here is a selection of posted data, I have plenty more.

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It takes a lot for me to IGNORE you, but you can try.
  • #3,796
  • Sep 10, 2024 4:13am Sep 10, 2024 4:13am
Quoting Fiox89
{quote} If he made 180k to lose 110k, he is still in profit of 70k, I don't see the problem. The time frame in which he made and lost it, that is a relevant data. If you don't mind, where did you post these charts? It would be interesting note: I have no sympathy for this alleged trader, just curious
Watch this video, how many times he claims his win rate is 90% but fails to give the size for statistics.

Is it 9 of 10? 90 of 100? 4 of 5? Details matter.

Any video after this date, he stops making those claims because he is losing.

He says everything is documented in Telegram; sure, it is, but there are no broker statements, not even a summary.

You would have to scroll back and make up the record yourself; what kind of BS is that?

Inserted Video
It takes a lot for me to IGNORE you, but you can try.
  • #3,797
  • Sep 10, 2024 4:25am Sep 10, 2024 4:25am
Quoting Erebus
{quote} Watch this video, how many times he claims his win rate is 90% but fails to give the size for statistics. Is it 9 of 10? 90 of 100? 4 of 5? Details matter. Any video after this date, he stops making those claims because he is losing. He says everything is documented in Telegram; sure, it is, but there are no broker statements, not even a summary. You would have to scroll back and make up the record yourself; what kind of BS is that? https://youtu.be/ShY7umOuWvo?si=Ft6cMdFXvWOOBUc6
He uses a huge SL on a mean reversion strat when price has made a high momentum move into Sup/DEM above/below a SnR zone.
He seems to value the premium entry meaning he doesn't really wait for any strong confirms.
His R:R is 1:1.
All this is possible in the short term. In this scenario there will (almost) always be a reaction. if he moves his SL to breakeven after any shift away from his entry then this strategy will produce a lot of breakevens but he will be protecting the downside.
However he seems to be going against HTF structure a lot of the time which is risky and he will eventually get some big drawdowns. At 1:1 I'm not sure about this strategy long term.

What do others think?
  • #3,798
  • Sep 10, 2024 7:38am Sep 10, 2024 7:38am
Quoting Erebus
{quote} Watch this video, how many times he claims his win rate is 90% but fails to give the size for statistics. Is it 9 of 10? 90 of 100? 4 of 5? Details matter. Any video after this date, he stops making those claims because he is losing. He says everything is documented in Telegram; sure, it is, but there are no broker statements, not even a summary. You would have to scroll back and make up the record yourself; what kind of BS is that? https://youtu.be/ShY7umOuWvo?si=Ft6cMdFXvWOOBUc6
I am not defending him but name any person who publishes statements on Youtube...Even if they publish will you trust them
Any youtube content is just for entertainment purpose and extract whatever we can get to help our trading. I like about his simplicity his systems, I dont like how he brags but unless he brags do you think any one get views? Good thing about his telegram its free and you can track his win loss percentages and if you think he is scammer just take reverse position
  • #3,799
  • Sep 10, 2024 3:59pm Sep 10, 2024 3:59pm
Quoting sampat
{quote} I am not defending him but name any person who publishes statements on Youtube...Even if they publish will you trust them Any youtube content is just for entertainment purpose and extract whatever we can get to help our trading. I like about his simplicity his systems, I dont like how he brags but unless he brags do you think any one get views? Good thing about his telegram its free and you can track his win loss percentages and if you think he is scammer just take reverse position
That is exactly what I do, he is pure entertainment for me, the voice message today on Telegram is pure gold, but he really has wound things down this last month since he took that hit, maybe he did have some real money in the market.

Watch this for more exposing scammers ->

https://www.youtube.com/@AndreMcclendon
It takes a lot for me to IGNORE you, but you can try.
  • #3,800
  • Sep 20, 2024 1:51am Sep 20, 2024 1:51am
42 weeks of doing absolutely nothing, has been interesting so far.
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Sounds like a lot of screen time to me.
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