This was the boring interest rate announcement ever No reaction at all
yes yes yes
Cable Update (GBPUSD)
- #856,162
- Mar 6, 2025 5:26pm Mar 6, 2025 5:26pm
{quote} lmao, yes my floating loss in my mt5 is kinda big now, but do you think it's that simple? In another platform i have purchased option to hedge that loss, so I'm sitting in high option profit now which you don't see it in mt5, it's silly if you think i didn't came prepared before playing the game. You know what? If my mt5 got margin call, it doesn't bother me one bit, it just means that my options will be in heavy profit to offset the loss, that's all. After that i just transfer the profits back to mt5 to continue my operations, i certainly...
Consistency isn't Glamorous But That's How Legends are Made
- #856,164
- Mar 6, 2025 6:32pm Mar 6, 2025 6:32pm
- Joined Jan 2025 | Status: Trader | 1,674 Posts
https://x.com/moneyprinte
- #856,165
- Mar 6, 2025 6:38pm Mar 6, 2025 6:38pm
- Joined May 2022 | Status: Trader | 8,104 Posts
short trump and go long the deepstate
- #856,166
- Mar 6, 2025 6:42pm Mar 6, 2025 6:42pm
- Joined Jun 2020 | Status: NY flip project. Probability games | 3,568 Posts
{quote} GJ made a nice rejection but showed some weakness to the upside. It failed to break the nearest supply. Anyway, let’s see later there might be something worth watching {image}
For USDJPY, hopefully toward buyers at 149.25. IMO
Look right, we'll see the signs
- #856,168
- Mar 6, 2025 6:57pm Mar 6, 2025 6:57pm
- Joined Jul 2011 | Status: Gold Again | 10,603 Posts
i just shorted double my initial first order size at 2883 and will try to stay double in future shorts to make back my losses as soon as possible
Think about this: on a macro level, once a contrarian trader has a position, price must "trend" in the direction of his profit target or they will NEVER profit, agree? What mechanism do they use to view this "trend"? Could they apply that mechanism on just any price action?
It takes a lot for me to IGNORE you, but you can try.
- #856,170
- Mar 6, 2025 7:49pm Mar 6, 2025 7:49pm
- Joined Jan 2025 | Status: Trader | 1,674 Posts
https://x.com/moneyprinte
- #856,172
- Mar 6, 2025 8:05pm Mar 6, 2025 8:05pm
- Joined Jul 2011 | Status: Gold Again | 10,603 Posts
{quote} You may have missed the train on this one friend, price shifted 50 pips already. Never chase the market.
Wrong thread, I know, but they started it.
It takes a lot for me to IGNORE you, but you can try.
{quote}
While I know I don't actually need to prove anyone anything, but I guess let me set the record straight to avoid misunderstanding for others.
The MT5 broker send me daily confirmation every day, floating loss now -$7.9k while my balance is $23.8k, making my equity now became $15.9k, looks grim isn't it?
The other platform I use is IBKR (Interactive Brokers) just for Buying Put Option to protect my trades in MT5.
1 option already closed in good profit at $2.8k.
Another 1 option just opened a few days ago, now sitting at profit $1.3k.
Total option profit = $4.1k.
Net MT5 loss becomes just -$3.8k now, 16% drawdown if you must compare to my MT5 balance of $23.8k?
To be honest, I don't view it that way, the unrealized balance of the accounts as below:
1. MT5 unrealized balance = $23.8k
2. IBKR unrealized balance = $6.4k
Total $30.2k.
Net unrealized loss -3.8k / Total unrealized balance of $30.2k = 12.6% drawdown at current state, as compared to the 33% drawdown that you all only see in MT5 side, that's one sided picture.
----------------------------------------------
As for why I am happy this floating loss happened, is because the stocks have been in a prolonged uptrend for few years, it is almost due to some major correction, if this is the one, then better get it over with fast. As per chart history, normally after a big correction, another few years of bull run will follow, it means I will be able to profit consistently for a few years starting from the lows of the stock market as it starting to recover.
We all know S&P500 or similar Index funds or ETF is in a general uptrend in the long term, so restarting my operation at the lows greatly benefits me.
And I live to trade another day thanks to the Option protections, minimal loss suffered.
Last picture shows in my Spreadsheet that if all my MT5 trade hit SL and suffer -$18k loss, the real loss is only about -$4.4k.
The loss reduction thanks to Option is as high as 75% to 80%, the loss reduction can even be higher if the Option becomes extremely valuable at the lows of the stock market due to massive fear by retail to seek protection.
Risk management? MM? I got it covered. But do you?
Cheers everyone.
https://www.myfxbook.com/members/NGplus/freedom-you-deserve/11268620
Freedom you deserve. All Time Return:
71.2%
- #856,174
- Mar 6, 2025 8:11pm Mar 6, 2025 8:11pm
- Joined Jan 2025 | Status: Trader | 1,674 Posts
https://x.com/moneyprinte
- #856,175
- Mar 6, 2025 8:15pm Mar 6, 2025 8:15pm
- Joined May 2022 | Status: Trader | 8,104 Posts
{quote} Is it just me or am I the only one that doesn't see the fascination of picking tops and bottoms? Think about this: on a macro level, once a contrarian trader has a position, price must "trend" in the direction of his profit target or they will NEVER profit, agree? What mechanism do they use to view this "trend"? Could they apply that mechanism on just any price action? {image}
I'm sure you know that nobody is right all the time...i shorted last sept top and positioned my self long during this past janurary so I'm doing alright...you can brushup how I did that if you read the days or a week around both reversals
the only guys that are right all the time are the ones that never post a trade when they give their chart analysis LOL
I try to trade like institutions who buy as price falls and sell as it rises instead of reacting to the turnaround and then their buying or selling makes them keep paying up cause of their order and account size....I'm nowhere near their financial levels...I'm just a pissant retailer but I've found id rather do the opposite of the 95% of traders who trend trade and blow their accounts
hope that helps erebus
short trump and go long the deepstate
- #856,176
- Mar 6, 2025 8:18pm Mar 6, 2025 8:18pm
- Joined Jul 2021 | Status: Trader | 2,205 Posts
{quote} It's called a retracement, get on that bucking bull and hang on!!! {image} Wrong thread, I know, but they started it.
- #856,177
- Mar 6, 2025 8:26pm Mar 6, 2025 8:26pm
- Joined Jul 2011 | Status: Gold Again | 10,603 Posts
It takes a lot for me to IGNORE you, but you can try.
- #856,178
- Mar 6, 2025 8:29pm Mar 6, 2025 8:29pm
- Joined Jul 2021 | Status: Trader | 2,205 Posts
{quote} No, look at chart again, trend is up, there is retracement, I said to get on again = LONG. I'm not but I do have a EURAUD long on. Thanks.
.
- #856,179
- Mar 6, 2025 8:31pm Mar 6, 2025 8:31pm
- Joined Jul 2011 | Status: Gold Again | 10,603 Posts
{quote} I'm sure you know that nobody is right all the time...i shorted last sept top and positioned my self long during this past janurary so I'm doing alright...you can brushup how I did that if you read the days or a week around both reversals
What about this statement? At what point and how do you realize that your entry is good, say shorting the Sept top, before you realize the other 95% are also getting on board?
Think about this: on a macro level, once a contrarian trader has a position, price must "trend" in the direction of his profit target or they will NEVER profit, agree? What mechanism do they use to view this "trend"? Could they apply that mechanism on just any price action?
Thanks for good discussion and not 95% argument like others
It takes a lot for me to IGNORE you, but you can try.