During these "crazy" days of volatility you can also use bigger steps to enter the trades. Instead .25 use .50 or even .75 for first and then .25 or .50 for the next levels. Today I'm long first lot from 0.75% level and taking next lot on .25 (-1.00% that is)
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Joined Aug 2007
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Status: live to trade another day
|726 Posts
Hi,
fridays trading is most of the time packed with huge volatility. So is it on monday.
Of course it is very exciting, watching the price move away and away form the 0-line ... not knowing whether it will ever come back. Fear and anxiosity and also the dollar signs in the eyes, because we assume the stronger the downmove the stronger the pullback.
Eventually the price will come back on mondays correction move. Or the correction move won't be strong enough to close every position with profit or at least breakeven. Nobody knows.
Is trading about excitement or about making profit?
For most, including me, it is both.
But it should be just for making profit.
Probably as long as one is excited by trading one should not trade on friday and the first half of monday.
Even if it comes back this time. Imagine the situation when big brokers and banks will see that this strategy attracts a lotof funds of their customers, and they'll decide: "what if we, in cooperation, try our best to break this corelation as much as possible to margincall our clients, and take their money?"
I think your being abit paranoid...all markets are correlated to some degree - and yes they might change in the future - but dont think it would happen through the scenario you mention
Even if it comes back this time. Imagine the situation when big brokers and banks will see that this strategy attracts a lotof funds of their customers, and they'll decide: "what if we, in cooperation, try our best to break this corelation as much as possible to margincall our clients, and take their money?"
I think your being abit paranoid...all markets are correlated to some degree - and yes they might change in the future - but dont think it would happen through the scenario you mention
Ignored
i wouldnt like to argue. people who worked at banks said that banks use stop hunting. theres no difference between stop hunting and my scenario. it's known that big players together can break even central banks' intentions. why not possible to break this correlation. ok i leave this discussion
i wouldnt like to argue. people who worked at banks said that banks use stop hunting. theres no difference between stop hunting and my scenario. it's known that big players together can break even central banks' intentions. why not possible to break this correlation. ok i leave this discussion
Ignored
Not every position this system takes is profitable and I would say that the brokers love the people using this system.
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Joined Aug 2007
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Status: live to trade another day
|726 Posts
I don't believe it. my internet connection broke down for half an hour .. when I got back online I've seen the candleshadow at my exitpoint .. the body was down again. I guess I have to double the 3rd position to make up for this.
The quesiton you want to ask is why would they? To stop little old us making a few pips?
Your premise could apply to any system and any market correclation of which there are many....and which continue to exist as they are beyond any one group of individuals to change in the long term _ unless there is a fundamental shoft in the world i.e War...
i wouldnt like to argue. people who worked at banks said that banks use stop hunting. theres no difference between stop hunting and my scenario. it's known that big players together can break even central banks' intentions. why not possible to break this correlation. ok i leave this discussion
