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  • #90,181
  • Apr 28, 2009 5:11pm Apr 28, 2009 5:11pm
a doji star and a dark shadow candle maybe its a signal for a reverse
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Successful people will do what unsuccessful people won’t or can’t do!
  • #90,182
  • Apr 28, 2009 5:12pm Apr 28, 2009 5:12pm
Quoting lilypedia
Thnx.
u welcome
Successful people will do what unsuccessful people won’t or can’t do!
  • #90,183
  • Apr 28, 2009 5:15pm Apr 28, 2009 5:15pm
Quoting moh.ezzat
a doji star and a dark shadow candle maybe its a signal for a reverse
sorry its a bearish engulfing pattern not a dark cloud cover
Successful people will do what unsuccessful people won’t or can’t do!
  • #90,184
  • Apr 28, 2009 5:19pm Apr 28, 2009 5:19pm
no matter.
  • #90,185
  • Apr 28, 2009 5:35pm Apr 28, 2009 5:35pm
Quoting Mackeymax
lawyers(NFA) making new laws with other lawyers(CFTC)......yeah that's all we need like another hole in the head......http://www.forexfactory.com/images/icons/icon8.gif


mm

...and when i'm recaling i just was ready to sign up with ibfx : i'll choose another not NFA broker ...

Do you realise you won't be able to run more than one EA on an account due to the fact more than might happen some times the need they will open 2 opposite orders, and if this wil happen one of them will be closed so that everything is screwed up ...

NFA , thanks but...... , i really don't needed this new rule which you say you maded " to protect me"...it's my money .........if I want I lose them all...anyway it was hard enough to make a buck in this forex world...i didn't needed this "protection"...

Folks , let's make a list of metatrader-no NFA brokers please, i need a couple of them...thank you
  • #90,186
  • Apr 28, 2009 5:47pm Apr 28, 2009 5:47pm
Quoting Redox77
...and when i'm recaling i just was ready to sign up with ibfx : i'll choose another not NFA broker ...

Do you realise you won't be able to run more than one EA on an account due to the fact more than might happen some times the need they will open 2 opposite orders, and if this wil happen one of them will be closed so that everything is screwed up ...

NFA , thanks but...... , i really don't needed this new rule which you say you maded " to protect me"...it's my money .........if I want I lose them all...anyway it was hard enough to make a...
You and others like yourself, should be thankful to the "no hedging" and yes welcome to the real world, this is maybe the best what others can do for you, i don't know your trading experience and i don't really care. I have never hedged a position within a pair, try to learn to spread your risk on other pairs, crosses maybe the best choice, at least this is what i do.

I like that the trading world is full with folks like yourself, make me feel safe, since you don't care about your money.

Regards
Arthur

PS. yes i do like to be cynical
  • #90,187
  • Apr 28, 2009 5:48pm Apr 28, 2009 5:48pm
If you see my prediction for yesterday, I said if 1.3063 is broken then an uptrend is started and it happened . It came up but it couldn't break 1.3163 that is a main keypoint to go to 1.3243 and 1.3268. It is closed at LowKeypoint of the month range for today . As I have found that for each day there is a keypoint which plays as a Pivot for each day , So if it wants to go up more it should not break 1.3131 but it can do that because of close of the day which is 1.3147 . I have a sell at 1.3160 and my t.p is 1.3070 . if 1.3107 is broken it can probably go to 1.3070 . I will have a buy order at 1.3062 and my s.l is 1.3035 (for high risk) and 1.3044 (for low risk) and then my t.p is 1.3130. I will have sell order there with s.l =1.3155 and then I will follow the downtrend and I will expect 1.2914 if it can break 1.3035 . if 1.3203 is broken then 1.3268 is expected . you should have a very tight Stop Loss.
I should add that if the uptrend wanted to continue it had to penetrate to at least 1.3173 or close of the day would be higher than 1.3170.
Learn to walk before you run
  • #90,188
  • Apr 28, 2009 5:51pm Apr 28, 2009 5:51pm
Need to push up a little bit and then fall down
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  • #90,189
  • Apr 28, 2009 5:55pm Apr 28, 2009 5:55pm
Quoting Redox77
...and when i'm recaling i just was ready to sign up with ibfx : i'll choose another not NFA broker ...

Do you realise you won't be able to run more than one EA on an account due to the fact more than might happen some times the need they will open 2 opposite orders, and if this wil happen one of them will be closed so that everything is screwed up ...

NFA , thanks but...... , i really don't needed this new rule which you say you maded " to protect me"...it's my money .........if I want I lose them all...anyway it was hard enough to make a...
If this comes to be a potential problem, it won't be the brokers. As I see it, they will all be on the side of the retailers. After all, we are how they make their money, not from the hedge funds, who do business directly with central banks. This crap the NFA is pushing is at the behest of the hedge funds only. The hedge funds are behind this....nobody else. If you want to do something constructive, contact your broker to get a reading on where they stand on this issue and let them know you support them in quashing any attempt by the NFA to screw around with margin arrangements between brokers and retail traders. The hedge funds are trying to disadvantage retail traders so they can further dominate the Fx market without interference, and prevent peon retailers from participating in the riches available. The less we get, the more they get. It is that simple. It has nothing to do with protecting anyone. It has everything to do with enabling the hedge funds to further enrich themselves.
  • #90,190
  • Apr 28, 2009 5:57pm Apr 28, 2009 5:57pm
Quoting arthurb
You and others like yourself, should be thankful to the "no hedging" and yes welcome to the real world, this is maybe the best what others can do for you, i don't know your trading experience and i don't really care. I have never hedged a position within a pair, try to learn to spread your risk on other pairs, crosses maybe the best choice, at least this is what i do.

I like that the trading world is full with folks like yourself, make me feel safe, since you don't care about your money.

Regards
Arthur

PS. yes i do like to be cynical

bro, i say live and let hedge.
"i wake up in the morning, and i piss excellence"
  • #90,191
  • Apr 28, 2009 5:58pm Apr 28, 2009 5:58pm
Quoting traderathome
EU M15 Chart: Looks like a Bear Channel trap for the bulls....encouraging bulls to take on longs so the market movers can take the short side of the trades......before next leg down.

Edit: Added Convergence/Divergence to chart....."bottoms up, tops down" indicating downward PA may be upcoming.
i use sdx tzpivots_v4[1][1].7.2 and im gmt +3 . igot wrong no on my chart??
  • #90,192
  • Apr 28, 2009 6:04pm Apr 28, 2009 6:04pm
Quoting trader69
bro, i say live and let hedge.
Tell me one just one good reason for hedging, (with hedging i mean short eu +long eu, for example.)

I am personally against leverage too, (400:1 is criminal) but that is another issue.

peace of course
  • #90,193
  • Apr 28, 2009 6:09pm Apr 28, 2009 6:09pm
Quoting avi
i use sdx tzpivots_v4[1][1].7.2 and im gmt +3 . igot wrong no on my chart??
I don't know, I can't see your chart. Mine is set to GMT+2, the server time for MT4. THV uses GMT+0, London time 2hrs later than MT4 server. You can use whatever timezone offset you want and your numbers will be correct for that setting. Revisions to SDX-TzPivots have never changed this. Revisions have all been to add user features and improve appearance.
  • #90,194
  • Apr 28, 2009 6:16pm Apr 28, 2009 6:16pm
EU M30 Chart: Starting to slither back down the hill? Chiwawa Cobra! (Just funnin' Cobra, my friend.)
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  • #90,195
  • Apr 28, 2009 6:16pm Apr 28, 2009 6:16pm
by hedging is how you control your risk. if things go bad in your trade you can hedge to minimize a bit the risk hoping to resume your way after you close the hedge.
  • #90,196
  • Apr 28, 2009 6:26pm Apr 28, 2009 6:26pm
Quoting emda
by hedging is how you control your risk. if things go bad in your trade you can hedge to minimize a bit the risk hoping to resume your way after you close the hedge.
in the meantime you are losing money, not accepting the facts and reducing your equity which can be used in a much better way, you should be willing to admit you made a bad trade and move on to the next step.

ok, for example lets say i have a long EU 1.6024, and i am still holding to that trade, think about that.
  • #90,197
  • Apr 28, 2009 6:30pm Apr 28, 2009 6:30pm
QP for the DP/M3 zone is also the xx20 psych level... just a reminder.
FUBAR...
  • #90,198
  • Apr 28, 2009 6:32pm Apr 28, 2009 6:32pm
I hope this helps some who are trying to grasp the concept.

Suppose you enter a "long" trade. But it soon whipsaws against you, and suddenly you are in loss and things look precarious. Simply and immediately enter a "short" trade for the same size. You have now protected your account from any further loss no matter what the PA does. You have also prevented the ability to make profits while this "insurance" hedge is in place.

When later you see the PA has exhausted its move against your original trade, close the short trade. It has profits offsetting the losses on the long trade. Let the long trade stay active while the PA moves up, and bit by bit erases those losses.

If instead, later you see the PA is just beginning a much larger trend against your original trade, you can close the original trade. It has losses, but the short trade has gains to offset all but the initial loss you had before you opened the short trade. Now, with the short trade still on, it continues to gain.

In the example of first going long, the PA going against you, you opening an equal sized short trade, and eventually closing that short trade once the PA has reversed, and is again in the direction of your long trade....at the time you close the short, you can immediately open a second long trade of the same size as the original. About halfway back you will be even, and when the price returns to your original entry, you will already have a nice profit.

It is safest to always trade very light, never "overleveraging", and always leaving yourself with the ability to add several times while retaining a lot of free margin....while retaining a high margin level, which can allow your trade(s) to weather storms.
  • #90,199
  • Apr 28, 2009 6:39pm Apr 28, 2009 6:39pm
Quoting traderathome
I hope this helps some who are trying to grasp the concept.

Suppose you enter a "long" trade. But it soon whipsaws against you, and suddenly you are in loss and things look precarious. Simply and immediately enter a "short" trade for the same size. You have now protected your account from any further loss no matter what the PA does. You have also prevented the ability to make profits while this "insurance" hedge is in place.

When later you see the PA has exhausted its move against your original trade, close the short trade. It has profits...
yep...

and this...

Long term trend is up, you've built u some healthy longs, and situation occurs(fundamental like pig flu) in which you are sure the short term trend is down..so you hedge and go short, you make $ on the short term move and when it finishes you make $ on the long...closing out your longs just to go short for 4-6 hours and loose money makes no sense to me especially if the short term trend falls 100 pips short of your position that is most long.
  • #90,200
  • Apr 28, 2009 6:40pm Apr 28, 2009 6:40pm
Quoting traderathome
I hope this helps some who are trying to grasp the concept.

Suppose you enter a "long" trade. But it soon whipsaws against you, and suddenly you are in loss and things look precarious. Simply and immediately enter a "short" trade for the same size. You have now protected your account from any further loss no matter what the PA does. You have also prevented the ability to make profits while this "insurance" hedge is in place.

When later you see the PA has exhausted its move against your original trade, close the short trade. It has profits...
in any case the PA goes you have locked the difference between your long and short entry, in short time frame this seems ok but is still a loss anyway.
averaging maybe a better option than hedging (i am against that too)

thanks but no thanks
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