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  • #90,601
  • Apr 29, 2009 11:39am Apr 29, 2009 11:39am
Quoting SunTrader
I went to both the NFA and SEC websites and found no such notice or rule change regarding forex or currency futures hedging!!!
http://www.nfa.futures.org/news/news...ArticleID=2273
Boycott GFT for NFA hedge rule
  • #90,602
  • Apr 29, 2009 11:42am Apr 29, 2009 11:42am
Quoting Bigfx
are you using a 5 min chart?
no i`m using 1h 4h chart
  • #90,603
  • Apr 29, 2009 11:46am Apr 29, 2009 11:46am
Quoting Mackeymax
yeah....I called them a few days back...and their response was that it wouldn't...
so i gotta start my own hedge fund now? or do i gotta go get licensed so i can hedge? i wonder if gts is gonna remove the hedge button altogether or just rename it. i really dont want to park any money overseas either.
"i wake up in the morning, and i piss excellence"
  • #90,604
  • Apr 29, 2009 11:47am Apr 29, 2009 11:47am
Quoting trader69
so i gotta start my own hedge fund now? or do i gotta go get licensed so i can hedge? i wonder if gts is gonna remove the hedge button altogether or just rename it. i really dont want to park any money overseas either.
looks like fxcm is just moving there accounts to the UK maybe i need to open an account with them to circumvent this fascism
Boycott GFT for NFA hedge rule
  • #90,605
  • Apr 29, 2009 11:49am Apr 29, 2009 11:49am
Quoting quantz
hey
I have got some problems with trading in Eur/usd today my strategy is in this post http://www.forexfactory.com/showthread.php?t=166143,
Please can you write your opinion todays loose made that i cant trading becouse i dont feel good:/
Hi quantz

Keep your chin up. Trading is not everything. Better to keep your attitude in check in loosing streaks than getting angry or loosing hope (not that I know what you're feeling, but I know we have almost all been there). Life is more important.

Today you felt the exact drawdown of the martingle theory. The ultimate problem with what you did is that most do not have a large enough capital to ride out a trend using this method. Theoreticaly, no account is large enough over the long run.

Read some threads about martingle and I'm sure you will identify with some of the posts cautioning about using the system.

I expect that in a few months or sooner you will get the forex calling again. When you do, test strategies/money management on a demo account. It's a cliche, but it's a cliche for a reason.

JC
  • #90,606
  • Apr 29, 2009 11:50am Apr 29, 2009 11:50am
Quoting mattpajek
no i`m using 1h 4h chart
Using 1 h and 4 h charts and only making 30 pips, something seriously wrong there. Have you ever considered trailing using a 3 bar high/low? until you get to profit area then use 1 bar high/low as appropriate?
  • #90,607
  • Apr 29, 2009 11:51am Apr 29, 2009 11:51am
Quoting mattpajek
no i`m using 1h 4h chart
That is what I use probably need to back test your entries make it as simple as the highs and lows...remember you only need 1 to 2 trades a week
Boycott GFT for NFA hedge rule
  • #90,608
  • Apr 29, 2009 11:54am Apr 29, 2009 11:54am
Quoting Atlast
Using 1 h and 4 h charts and only making 30 pips, something seriously wrong there. Have you ever considered trailing using a 3 bar high/low? until you get to profit area then use 1 bar high/low as appropriate?
hmmmmm no no i haven`t, i`ll try it out,can you explain to me how does it work
  • #90,609
  • Apr 29, 2009 11:59am Apr 29, 2009 11:59am
Quoting mattpajek
hmmmmm no no i haven`t, i`ll try it out,can you explain to me how does it work
BigFX is your man, as he trades that time frame.
I use those timeframes for trading in 1 hour and less, but make the over 100 and 200 pips on occassions, but don't rely on those large pips for profits. Basically, trail a stop at the 3 bar high if shorting or 3 bar low if long, and don't count inside bars. As soon as it moves in favour tighten stops depending on support/resistance and trendlines or whatever you are using
  • #90,610
  • Apr 29, 2009 11:59am Apr 29, 2009 11:59am
Quoting Bigfx
looks like fxcm is just moving there accounts to the UK maybe i need to open an account with them to circumvent this fascism

fxcm has had a uk office for some time, and i do have an account with them. there is an added benefit with them putting your money over there. it is segregated and in the event of a bankruptcy investors would be protected. dont think that will happen though. theyre not gonna be another refco fx.
"i wake up in the morning, and i piss excellence"
  • #90,611
  • Apr 29, 2009 12:01pm Apr 29, 2009 12:01pm
Quoting Waka
Hi quantz

Keep your chin up. Trading is not everything. Better to keep your attitude in check in loosing streaks than getting angry or loosing hope (not that I know what you're feeling, but I know we have almost all been there). Life is more important.

Today you felt the exact drawdown of the martingle theory. The ultimate problem with what you did is that most do not have a large enough capital to ride out a trend using this method. Theoreticaly, no account is large enough over the long run.

Read some threads about martingle and I'm sure you...
thanks for answer:/ i have tested this system about 3 months on demo and profits looks intresting, but today:/ do you thing that martingle system is bad?? and i must try something new?? or get more capital and still going with that??
  • #90,612
  • Apr 29, 2009 12:03pm Apr 29, 2009 12:03pm
Quoting trader69
fxcm has had a uk office for some time, and i do have an account with them. there is an added benefit with them putting your money over there. it is segregated and in the event of a bankruptcy investors would be protected. dont think that will happen though. theyre not gonna be another refco fx.
no fixed spreads though you having any issues with that?
Boycott GFT for NFA hedge rule
  • #90,613
  • Apr 29, 2009 12:07pm Apr 29, 2009 12:07pm
Quoting Bigfx
no fixed spreads though you having any issues with that?

definitely dont like that. variable spreadsis just another way for them to screw you. it is easy for them to widen a spread and keep you from getting in or out of a trade.
"i wake up in the morning, and i piss excellence"
  • #90,614
  • Apr 29, 2009 12:07pm Apr 29, 2009 12:07pm
Quoting Atlast
BigFX is your man, as he trades that time frame.
I use those timeframes for trading in 1 hour and less, but make the over 100 and 200 pips on occassions, but don't rely on those large pips for profits. Basically, trail a stop at the 3 bar high if shorting or 3 bar low if long, and don't count inside bars. As soon as it moves in favour tighten stops depending on support/resistance and trendlines or whatever you are using
so what tf would you use for +100 pips score and thanx in advance i appreciate it
  • #90,615
  • Apr 29, 2009 12:11pm Apr 29, 2009 12:11pm
Quoting quantz
thanks for answer:/ i have tested this system about 3 months on demo and profits looks intresting, but today:/ do you thing that martingle system is bad?? and i must try something new?? or get more capital and still going with that??
I can't tell you what to do. If I were you I would look at the many martingle related threads and make an unbiased judgement at both sides of the arguments.

I would never use it, because I've chosen one side of the argument, but this doesn't mean others don't make pips using it. On one side of the coin you have the possibility of getting out of the wrong side of a trade by doubling up further on the price, on the other side of the coin you could argue that you are locking yourself further into the wrong side of the trend or a bad trade.

JC
  • #90,616
  • Apr 29, 2009 12:12pm Apr 29, 2009 12:12pm
Quoting mattpajek
so what tf would you use for +100 pips score and thanx in advance i appreciate it
The TF you are trading. You should also be aware of the daily, though not necessarily trading that
  • #90,617
  • Apr 29, 2009 12:12pm Apr 29, 2009 12:12pm
Quoting trader69
definitely dont like that. variable spreadsis just another way for them to screw you. it is easy for them to widen a spread and keep you from getting in or out of a trade.
whats the worst you have seen? i would hate for this to happen your in a short eu up 40 pips news comes in they raise the spread to 70 (i have seen this on ibfx) and it stops you out
Boycott GFT for NFA hedge rule
  • #90,618
  • Apr 29, 2009 12:19pm Apr 29, 2009 12:19pm
Quoting Bigfx
whats the worst you have seen? i would hate for this to happen your in a short eu up 40 pips news comes in they raise the spread to 70 (i have seen this on ibfx) and it stops you out
I'm a new trader and I use FXCM..... It depends on the currency pair. The biggest spread that I've seen around a big news time event for a major currency pair like the EURUSD was maybe around 20 pips more or less....

Doh! I didn't mean to do that.
  • #90,619
  • Apr 29, 2009 12:20pm Apr 29, 2009 12:20pm
Quoting *Pipster*
I'm a new trader and I use FXCM..... It depends on the currency pair. The biggest spread that I've seen around a big news time event for a major currency pair like the EURUSD was maybe around 20 pips more or less....

guess they gotta pay for those IB's
Boycott GFT for NFA hedge rule
  • #90,620
  • Apr 29, 2009 12:27pm Apr 29, 2009 12:27pm
hope you guys made some money on this long. look for shorts possible
Attached Image(s) (click to enlarge)
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