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  • #428,781
  • Apr 26, 2011 10:31am Apr 26, 2011 10:31am
Quoting frevd
No you don't get it.
If I have a long term strategy I cannot simultaneously follow a short term strategy otherwise. If I'm longing EU on base of daily chart signals, I still want to be able to have some scalping shorts, not because my position is losing, but because I want some extra profit instead of waiting.
These rules just open the opportunity for gangsters to get everyone to exit, whoever has the longest breath, in terms of money, which are always the banks. They simply want to be able to control the markets, which is a very bad thing. The...

Whatever floats your boat dude, not my cash. Could not give a toss that you can't get your head around it.
  • #428,782
  • Apr 26, 2011 10:32am Apr 26, 2011 10:32am
Outta here, good times never last anymore on this thread.
  • #428,783
  • Apr 26, 2011 10:32am Apr 26, 2011 10:32am
Quoting frevd
No you don't get it.
If I have a long term strategy I cannot simultaneously follow a short term strategy otherwise. If I'm longing EU on base of daily chart signals, I still want to be able to have some scalping shorts, not because my position is losing, but because I want some extra profit instead of waiting.
These rules just open the opportunity for gangsters to get everyone to exit, whoever has the longest breath, in terms of money, which are always the banks. They simply want to be able to control the markets, which is a very bad thing. The...
I concur with this post.
Si vis pacem, para bellum.
  • #428,784
  • Apr 26, 2011 10:33am Apr 26, 2011 10:33am
Quoting cloggie
Most retailers just don't get it, they think they are smarter then the best traders the world has ever seen and that they can outsmart everyone with a better mousetrap.

Ah well, brokers love the guys.
I'm always happy to have added liquidity push trades farther in my direction. Not a problem here.
  • #428,785
  • Apr 26, 2011 10:33am Apr 26, 2011 10:33am
Quoting frevd
No you don't get it.
If I have a long term strategy I cannot simultaneously follow a short term strategy otherwise. If I'm longing EU on base of daily chart signals, I still want to be able to have some scalping shorts, not because my position is losing, but because I want some extra profit instead of waiting.
These rules just open the opportunity for gangsters to get everyone to exit, whoever has the longest breath, in terms of money, which are always the banks. They simply want to be able to control the markets, which is a very bad thing. The...

If you need 250 pips stops etc on a girly pair like EURUSD then you need to get back to the old drawing board on that long term trading plan cause its a dud
rat
  • #428,786
  • Apr 26, 2011 10:33am Apr 26, 2011 10:33am
Quoting steviet
Well, I hedge exclusively on GBP/JPY using very wide stop losses and over the last 5 months have been fairly successful.

When I say very wide stop losses, I use 1000 pips but this only equates to a small % of my account balance per position. I may have up to 10 positions on at once with a maximum of 5 either long or short. Take profit on each position is 50 pips so I need to be successful in 95% of trades.

When I say fairly successful, I've closed over 700 positions, taking 5 losses so far. The last 81 trades have been on an account for...

This is my kind of thinking....
  • #428,787
  • Apr 26, 2011 10:33am Apr 26, 2011 10:33am
Quoting Polkm
Hi there,

took out a small long of 12 pips from 1.4623.

Have the following trades on queue:

Long @ 1.4654 w/ TP at 1.4672

Short @ 1.4594 w/ TP at 1.4578.


good luck everyone


none has trigered yet....

meanwhile: order for long @ 4631 w/ TP at 4640....
  • #428,788
  • Apr 26, 2011 10:34am Apr 26, 2011 10:34am
Quoting cloggie
Whatever floats your boat dude, not my cash. Could not give a toss that you can't get your head around it.
I do never hedge, thats a matter of discipline.
But to forbid something is not a solution. I would be very sceptical about those laws. Furtunately I'm not an US resident so I don't even care, if you're happy with that, enjoy.
  • #428,789
  • Apr 26, 2011 10:37am Apr 26, 2011 10:37am
hey junkies

ist worth it to go long term trading with kind of a range , what about hit and run cash in they do add up dam it look at those boxes daily 100 pip is not bad up and down ,enjoy
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  • #428,790
  • Apr 26, 2011 10:38am Apr 26, 2011 10:38am
really on a pair like this no more than 50-75 pips and thats sickning to lose.
rat
  • #428,791
  • Apr 26, 2011 10:40am Apr 26, 2011 10:40am
Quoting johnnyrei
I have to share something with you. I showed to 2 of my friends my profits for last 2 weeks and this is what happend:
lol that lady would have to wear a very low cut dress to show any cleavage .
sorry it made me laugh.
They look like they been stuck on her belly .
making green pips large and red pips small this is my goal.
  • #428,792
  • Apr 26, 2011 10:40am Apr 26, 2011 10:40am
Quoting johnnyrei
This is my kind of thinking....
You can't run away from risk reward. It will come back and haunt you.

If 1000 pips = 1% of your account, you still need to get back 1000 pips to breakeven 1%

There is no way around it. So the best way is to have smaller risk so that it is easier to achieve a similar reward.
  • #428,793
  • Apr 26, 2011 10:43am Apr 26, 2011 10:43am
Quoting johnnyrei
I have to share something with you. I showed to 2 of my friends my profits for last 2 weeks and this is what happend:
If you look at my signature, maybe you can start to see why I say things like that. Been there done that... and blew some accounts.

Hope you learn sooner than later.
  • #428,794
  • Apr 26, 2011 10:43am Apr 26, 2011 10:43am
Quoting thelws
You can't run away from risk reward. It will come back and haunt you.

If 1000 pips = 1% of your account, you still need to get back 1000 pips to breakeven 1%

There is no way around it. So the best way is to have smaller risk so that it is easier to achieve a similar reward.
Using a small risk is also easier to recover - once you lost 50% of your account your risk doubles with the same quantity.
  • #428,795
  • Apr 26, 2011 10:50am Apr 26, 2011 10:50am
1000 pips does not necessarily mean one trade. This could be 10 lots and in certain pairs, 100 pips either way is not much.
Si vis pacem, para bellum.
  • #428,796
  • Apr 26, 2011 10:51am Apr 26, 2011 10:51am
Quoting paul1
lol that lady would have to wear a very low cut dress to show any cleavage .
sorry it made me laugh.
They look like they been stuck on her belly .
i didnt even notice that it's a 'she', sorry for off topic.
  • #428,797
  • Apr 26, 2011 10:52am Apr 26, 2011 10:52am
Quoting rattyo
really on a pair like this no more than 50-75 pips and thats sickning to lose.
Depending how heavy the position you are holding.
  • #428,798
  • Apr 26, 2011 10:52am Apr 26, 2011 10:52am
Quoting Duce
I concur with this post.
Cheers.
What I'm stressing is just the point that merging and splitting is a useful thing. I wouldn't want to always have a flatted position.
With that CFTC logic, you would have to always sell all your dollar bills from your pocket and saving accounts just to open a short position on usd, makes no sense. Splitting on the other hand allows you to take profits twice, for a short and a long. It is simply not true that the net effect is none, as long as you don't explicitly hedge for exactly this reason, which is useful too if you know how to do it and when though.
  • #428,799
  • Apr 26, 2011 10:54am Apr 26, 2011 10:54am
Well, I obviously need to develop a strategy for a day like this, was not at the desk when the long-run started. I didn't lose, but didn't profit either.

6 p.m., I'm off.
Fail better.
  • #428,800
  • Apr 26, 2011 10:54am Apr 26, 2011 10:54am
Some of the best fund managers run ST,MT,LT models independent of the same pair...do you think they net out the positions? I am not sure how they manage the cash...TT
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