Hi Graeme,
Your posts are indeed bringing a lot of clarity. Hopefully this will be my final round of questions on Marion's trading strategy.
1. If I am not mistaken. Marion trades multiple pairs. Wondering if there is one or two pecular pair that he finds more successful than others. I think the JPY and commodity pairs might be great for this Short-only strategy during risk aversion.
2. One more question on Money/Risk/position mgmt. Since this is a condensed and agreesive form of stacking strategy, I think there is no element of 'spacing' entries allowed with this strategy in regards to Time or Price.. You squeeze as much as market (i.e. 4H FB) is willing to give and then you go on a holiday. Since you have mentioned spacing entries repeatedly to reduce risk, I was just curious if this applies when taking entries on the same pair? We certainly don't have to take all FBs in 1H or 15M but still , PA is governed or controlled by the first 4H FB and subsequent ones if applicable.
3. Prevent over-exposure is another caution in your posts and I understand Marion's style is very aggressive. Keeping that in perspective, I am just struggling to understand how to keep a close tab on 'available margin' when dealing with fixed lot size and variable SL size positions. One could write a book on leverage, exposure, margin call, net liquidation etc and still not fully understand so don't what to digress from the thread's intended direction. To make your response bring clarity to our readers in tangible terms. when would you recommend to stop stacking and put a cap on margin exposure? When total margin used by ALL open positions (in BE or otherwise) reaches say 70% of total available margin set for your account with zero open positions? Unless I misunderstood, Marion does not wait to move SL to BE before opening a new position in current or lower TF.
4.What is your take on automated trading? Curious if Marion has tried to automate this strategy? I have never tried automated trading nor I am a big fan as I don't believe they work in the long run (Net is flooded with MT4 expert advisors etc). Having said that, I think the trading plan/rules are quite mechanical in nature for anyone interested to automate this strategy. I am not sure how Marion does manual stacking continuously for 8-10 4H candles without causing mental fatigue and sleep disruption
5. Fortunately, this trading style does not require me to go to an overseas
(non-US based) broker as there is no hedging involved in this strategy. Just wondering if you would be willing to share which platform/broker Marion uses and any 3rd party tools he uses to help keep track of his 'positions by each TF groupings'?
Take Care and Best Regards,
-Vee
Your posts are indeed bringing a lot of clarity. Hopefully this will be my final round of questions on Marion's trading strategy.
1. If I am not mistaken. Marion trades multiple pairs. Wondering if there is one or two pecular pair that he finds more successful than others. I think the JPY and commodity pairs might be great for this Short-only strategy during risk aversion.
2. One more question on Money/Risk/position mgmt. Since this is a condensed and agreesive form of stacking strategy, I think there is no element of 'spacing' entries allowed with this strategy in regards to Time or Price.. You squeeze as much as market (i.e. 4H FB) is willing to give and then you go on a holiday. Since you have mentioned spacing entries repeatedly to reduce risk, I was just curious if this applies when taking entries on the same pair? We certainly don't have to take all FBs in 1H or 15M but still , PA is governed or controlled by the first 4H FB and subsequent ones if applicable.
3. Prevent over-exposure is another caution in your posts and I understand Marion's style is very aggressive. Keeping that in perspective, I am just struggling to understand how to keep a close tab on 'available margin' when dealing with fixed lot size and variable SL size positions. One could write a book on leverage, exposure, margin call, net liquidation etc and still not fully understand so don't what to digress from the thread's intended direction. To make your response bring clarity to our readers in tangible terms. when would you recommend to stop stacking and put a cap on margin exposure? When total margin used by ALL open positions (in BE or otherwise) reaches say 70% of total available margin set for your account with zero open positions? Unless I misunderstood, Marion does not wait to move SL to BE before opening a new position in current or lower TF.
4.What is your take on automated trading? Curious if Marion has tried to automate this strategy? I have never tried automated trading nor I am a big fan as I don't believe they work in the long run (Net is flooded with MT4 expert advisors etc). Having said that, I think the trading plan/rules are quite mechanical in nature for anyone interested to automate this strategy. I am not sure how Marion does manual stacking continuously for 8-10 4H candles without causing mental fatigue and sleep disruption
5. Fortunately, this trading style does not require me to go to an overseas
(non-US based) broker as there is no hedging involved in this strategy. Just wondering if you would be willing to share which platform/broker Marion uses and any 3rd party tools he uses to help keep track of his 'positions by each TF groupings'?
Take Care and Best Regards,
-Vee
Staying in my lane...