Dear Spieler,
Could you answer Visual One's questions, p.34 post #509? ---They bother me, too.
Thanks so much.
Lenoxer
Could you answer Visual One's questions, p.34 post #509? ---They bother me, too.
Thanks so much.
Lenoxer
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DislikedI love this thread and want to say thank you for it.
Here's my question.
Let's say today is my first day to trade and I look at the pair and it's at +.25 for the day. It's a short trade for me. Although you guys may not being going short because you are still long from yesterday or the day before and you're total is still negative or a little on the + side. It's still a good trade for me to go short, correct?Ignored
DislikedOk, so if the answer to that is yes then why wouldn't we treat each day as a new trading opportunity even if we're in a trade. Example.... I'm short from yesterday 3 times right now. So I'm not saying go short if today gets to +.25 for the day because I'm already short but what if for the day it gets to -.25, why shouldn't I treat it the same way as my first question and go long because they trade is still valid based on correlations correct?
Hopefully I've been clear on my question.Ignored
DislikedFXTrader, if the first answer is yes then it seems the second one should be yes as well.
Lets say I'm long from yesterday. Today the market goes up and it's at .+.25 for the day. I have a good chance of still being in the trades long because total they haven't reached where I need them to. But, lets say once the market gets to +.25 for the day it starts heading down again, now I'm still even or negative with my longs. Why not have taken advantage of "today's" action and have made money coming back short? I understand it could keep going up and that first entry for the day could go more negative and once we get out of yesterdays long we're still down because of our shorts today.Ignored
DislikedOk this time some light must be added.
If you keep the position ON , Let say on monday you are in short at +0.25% end of day i s+0.35%.
On tuesday ( my graphs are GMT) you start th ehedge at 0% but in your head you know that you are +0.35% , you HAVE TO wait again +0.25% and not only +0.10% more , doing that you minimize again the risk and th emoney management.
.Ignored
DislikedI just realized something... My broker doesn't allow multiple open trades on the same pair. So that when I want to add a second lot, it is added to the same trade I had earlier and averaged. So this may cause some confusion when using this strategy, because I can't really see the individual profit loss from each lot but instead the overall profit and loss of the entire position. Any idea on how to get around this?Ignored
DislikedHmmm. That's damn inconvenient. Still if you can remember what the original trades were, you can enter offsetting trades to "close" them even if they're no longer broken out as separate trades.Ignored
DislikedSpieler, I'm seeing different percentages everywhere. On CNBC, I see +24%. On SpielerHedge Divergence v4, I'm seeing +9%. On Spieler Indicator, I'm seeing +85%.
Which one do you recommend me to use? Plus, it's on weekend so results could vary.Ignored