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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #19,941
  • Jul 27, 2009 7:36pm Jul 27, 2009 7:36pm
Good thing i am flat. Just got my new platform changes from my broker for the NFP rules that go into effect July1.

I trade several accounts with them. The issue seems to be while hedging is not allowed in the same account, under the new rules, is hedging allowed in different accounts with the same broker? Apparently they forgot to set up that feature from the old platform!

Good thing i was wise enough to try the new rules out in demo first. One cancels other.....if then....oldest trade closes first. What a bunch of crap. I may be able to figure out all that stuff but i will be able to take trades in opposite directions.......with my next broker!
  • #19,942
  • Jul 27, 2009 7:57pm Jul 27, 2009 7:57pm
I forgot to mention....... i cannot take a trade in either direction.

I am thinking the same thing is going on in my live account so if i had anything open I could not manage it. I would have to call them and close it i guess.
  • #19,943
  • Jul 27, 2009 8:19pm Jul 27, 2009 8:19pm
Quoting Shilva
Good thing i am flat. Just got my new platform changes from my broker for the NFP rules that go into effect July1.

I trade several accounts with them. The issue seems to be while hedging is not allowed in the same account, under the new rules, is hedging allowed in different accounts with the same broker? Apparently they forgot to set up that feature from the old platform!

Good thing i was wise enough to try the new rules out in demo first. One cancels other.....if then....oldest trade closes first. What a bunch of crap. I may be able...
You closed your short bro?
Just digging in the trenches like everyone else!
  • #19,944
  • Jul 27, 2009 8:29pm Jul 27, 2009 8:29pm
Quoting Shilva
Good thing i am flat. Just got my new platform changes from my broker for the NFP rules that go into effect July1.

I trade several accounts with them. The issue seems to be while hedging is not allowed in the same account, under the new rules, is hedging allowed in different accounts with the same broker? Apparently they forgot to set up that feature from the old platform!

Good thing i was wise enough to try the new rules out in demo first. One cancels other.....if then....oldest trade closes first. What a bunch of crap. I may be able...

Unless you use a UK broker no US broker can allow hedging on same account reason why most the guys here have 2 or more accounts. Oanda used to let you have multiple orders open now they cancel each other.

GFT has never had hedging on same account. So I have always had 2 accounts with them. It is a pain just like the SL.Limit bull. It is nothing more than a internal paperwork issue which some brokers aren't willing to do.. It didn't effect a lot of them as they were already doing it the right way I guess..

Good thing for checking that out could have caught you with your pants down,, So to speak. I am sure you will get it straightened out.
Good Trading To All ; Ken Lee
  • #19,945
  • Jul 27, 2009 8:36pm Jul 27, 2009 8:36pm
Quoting KENNETH lEE
Unless you use a UK broker no US broker can allow hedging on same account reason why most the guys here have 2 or more accounts. Oanda used to let you have multiple orders open now they cancel each other.

GFT has never had hedging on same account. So I have always had 2 accounts with them. It is a pain just like the SL.Limit bull. It is nothing more than a internal paperwork issue which some brokers aren't willing to do.. It didn't effect a lot of them as they were already doing it the right way I guess..

Good thing for checking that out could...
I'm glad my primary broker has never allowed hedging. This is a no issue for me. If the trade is against me, it's against me and the trade was wrong. I'll take the loss and move on to a new trade, or, I'll be a stubborn mule and keep throwing money at the trade trying to move the market which always proves to be futile. I currently have two accounts and in the need of a 3rd account. I'm going to contact my primary broker tomorrow and see if I open another account with them if I can go opposite of my main account. I should be able to since it's a different account, other wise, I'll find a 3rd broker which will probably be a non US broker.

Anyways, as to the market, I'm still short and looking for an opportunity to get in long. I'm thinking I might have just missed it at 6465, but I kinda have my eye on the 645x-644x area and eyeying the 6400 area as well. Overall, I'm bearish on intent to finish the monthly candle out as a bearish candle breaking out of the current range and shifting to another range south of the current range.
Just digging in the trenches like everyone else!
  • #19,946
  • Jul 27, 2009 8:43pm Jul 27, 2009 8:43pm
I'll be back before the turn of the h4 in 2h 15m.
Just digging in the trenches like everyone else!
  • #19,947
  • Jul 27, 2009 9:19pm Jul 27, 2009 9:19pm
Quoting eohater
You closed your short bro?
yeah eo....i bailed, broker wanted me to switch to new rules so i closed everything and downloaded the upgrade.

Apparently hedging means trading in both directions and there is an issue about managing multiple accounts in different directions with the same broker.

I just checked out InterbankFX and they seem to gotten around it with MT4 by requiring u to log out of one account and log back in to another..... I think that is what they were doing. It looked fairly simple but could not tell if you could manage all accounts from 1 window.

No more trading for me till i function again or get a new foreign broker.
  • #19,948
  • Jul 27, 2009 9:34pm Jul 27, 2009 9:34pm
Quoting KENNETH lEE
Unless you use a UK broker no US broker can allow hedging on same account reason why most the guys here have 2 or more accounts. Oanda used to let you have multiple orders open now they cancel each other.

GFT has never had hedging on same account. So I have always had 2 accounts with them. It is a pain just like the SL.Limit bull. It is nothing more than a internal paperwork issue which some brokers aren't willing to do.. It didn't effect a lot of them as they were already doing it the right way I guess..

Good thing for checking that out could...
Yeah Ken....i was aware of that same account stuff and have not been able to trade opposite in the same account for a while but i do have several accounts set up. Managing multiple accounts in different directions through 1 broker seems to be the issue, (it could just be my broker). Right now i cannot do that and i cannot even enter a trade because i get an error message saying hedging is not allowed. I don't have any trades open and can still not place a trade.

Last thing support said was..... send a screen shot to tech support and we will get back to u.
  • #19,949
  • Jul 28, 2009 3:56am Jul 28, 2009 3:56am
For the golfers among us.....

An actual sign posted at a golf club in Scotland

1. BACK STRAIGHT, KNEES BENT, FEET SHOULDER WIDTH APART.
2. FORM A LOOSE GRIP.
3. KEEP YOUR HEAD DOWN!
4. AVOID A QUICK BACK SWING.
5. STAY OUT OF THE WATER.
6. TRY NOT TO HIT ANYONE.
7. IF YOU ARE TAKING TOO LONG, LET OTHERS GO AHEAD OF YOU.
8. DON'T STAND DIRECTLY IN FRONT OF OTHERS.
9. QUIET PLEASE...WHILE OTHERS ARE PREPARING.
10. DO NOT TAKE EXTRA STROKES.

WELL DONE... NOW, FLUSH THE URINAL, GO OUTSIDE, AND TEE OFF.
Macc
  • #19,950
  • Jul 28, 2009 4:38am Jul 28, 2009 4:38am


I've played for 20 years and been to many clubs around the uk and the world and never seen this one.

Good find Macc


Quoting macc
For the golfers among us.....

An actual sign posted at a golf club in Scotland

1. BACK STRAIGHT, KNEES BENT, FEET SHOULDER WIDTH APART.
2. FORM A LOOSE GRIP.
3. KEEP YOUR HEAD DOWN!
4. AVOID A QUICK BACK SWING.
5. STAY OUT OF THE WATER.
6. TRY NOT TO HIT ANYONE.
7. IF YOU ARE TAKING TOO LONG, LET OTHERS GO AHEAD OF YOU.
8. DON'T STAND DIRECTLY IN FRONT OF OTHERS.
9. QUIET PLEASE...WHILE OTHERS ARE PREPARING.
10. DO NOT TAKE EXTRA STROKES.

WELL DONE... NOW, FLUSH THE URINAL, GO OUTSIDE, AND TEE OFF.
Macc
  • #19,951
  • Jul 28, 2009 4:53am Jul 28, 2009 4:53am
Quoting robgsxr


I've played for 20 years and been to many clubs around the uk and the world and never seen this one.

Good find Macc
I'd be better off staying in the urinal most of the times I try to play
  • #19,952
  • Jul 28, 2009 5:50am Jul 28, 2009 5:50am
another awfully dull day so far. All the action this week has come during asian session. Markets seem to be at an important turning point with the US indices showing that market-topping broadening formation. Just hope we get some real movement again soon.
'The past will always show us the future'
  • #19,953
  • Jul 28, 2009 6:00am Jul 28, 2009 6:00am
know the feeling


Quoting macc
I'd be better off staying in the urinal most of the times I try to play
  • #19,954
  • Edited 6:07am Jul 28, 2009 6:04am | Edited 6:07am
Did you just get the 15min 35/50 cross at the turn of midday

I was replying to macc and 30 seconds from candle open it gave up 12 pips



edit: there is u.s. data out in 2 hours and 3 hours maybe it will help with direction ???


Quoting terje
another awfully dull day so far. All the action this week has come during asian session. Markets seem to be at an important turning point with the US indices showing that market-topping broadening formation. Just hope we get some real movement again soon.
  • #19,955
  • Jul 28, 2009 6:14am Jul 28, 2009 6:14am
Quoting robgsxr
Did you just get the 15min 35/50 cross at the turn of midday
no I missed it too. I don't take the 35/50 unless I see a larger reason for doing so and in this case there was a good one with the way 1h closed above that resistance zone. If the past few afternoons are anything to judge by then that was probably the best trading chance of the day! lol
'The past will always show us the future'
  • #19,956
  • Jul 28, 2009 6:23am Jul 28, 2009 6:23am
One extra confluence was the 50 fib retrace of the asian / frankfurt up move from 1.64549 to 1.65547

The 3rd test this morning of 1.6505 ish and testing again as I write this


Quoting terje
no I missed it too. I don't take the 35/50 unless I see a larger reason for doing so and in this case there was a good one with the way 1h closed above that resistance zone. If the past few afternoons are anything to judge by then that was probably the best trading chance of the day! lol
  • #19,957
  • Jul 28, 2009 6:26am Jul 28, 2009 6:26am
Quoting robgsxr
Did you just get the 15min 35/50 cross at the turn of midday

I was replying to macc and 30 seconds from candle open it gave up 12 pips



edit: there is u.s. data out in 2 hours and 3 hours maybe it will help with direction ???
Sorry if I was a distraction Rob I'm usually MY biggest distraction

I took the 35/50 as the 15m candle that made the cross also closed at the 50 sma and the 50%fib. I subsequently closed all out at the close of the reversal candle as it was back at the 10ema, and then, as we'd made another 35/50 cross, I went short, this time being with the 15m trend rather than against.

Macc
  • #19,958
  • Jul 28, 2009 6:28am Jul 28, 2009 6:28am
Quoting macc
Sorry if I was a distraction Rob I'm usually MY biggest distraction

I took the 35/50 as the 15m candle that made the cross also closed at the 50 sma and the 50%fib. I subsequently closed all out at the close of the reversal candle as it was back at the 10ema, and then, as we'd made another 35/50 cross, I went short, this time being with the 15m trend rather than against.

Macc
Great Play..
Good Trading To All ; Ken Lee
  • #19,959
  • Jul 28, 2009 6:29am Jul 28, 2009 6:29am
Quoting robgsxr
One extra confluence was the 50 fib retrace of the asian / frankfurt up move from 1.64549 to 1.65547

The 3rd test this morning of 1.6505 ish and testing again as I write this
Sorry Rob. Just saw your above post when my browser refreshed where you had already mentioning the 50% fib.

I also had 16508 as a possible support off my daily

Macc
  • #19,960
  • Jul 28, 2009 6:32am Jul 28, 2009 6:32am
Quoting KENNETH lEE
Great Play..
Thanks Ken. The chute doesn't come out as often as it should but there were a few confirming kicks up the butt with that 35/50.

Luckily it played out

Macc
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