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  • #460,161
  • Jun 11, 2011 3:59pm Jun 11, 2011 3:59pm
Quoting PayTheLimit
lol. I used to know two brokers that came up with a genious plan. Before NFP, like 15mins before, they would put half their run into long S&P's and the other half of the run short S&P's, lol. Not sure what their thinking was, but that was basiclly their trading plan. Needless to say, they didnt last long...lol
Maybe something like the 100 hedge strategy for the majors...

When the week opens, set a long and short with TP of 100 on both and leave for the week...

Theory is, you will be right more times then wrong and end of week collect 200 pips...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #460,162
  • Jun 11, 2011 4:04pm Jun 11, 2011 4:04pm
Quoting Magix
Maybe something like the 100 hedge strategy for the majors...

When the week opens, set a long and short with TP of 100 on both and leave for the week...

Theory is, you will be right more times then wrong and end of week collect 200 pips...
Yea, now that you mention it, sounds about right. Didnt quite go as planned I guess, they just sizzled those guys. Lots of time they also put orders in like risk 10 points to make 2, lol, a bood bath it was. I was the firms second in command margin guy, I was always over there blowing their guys out of the water... till they had none left.
Look Sharp/Trade Tight
  • #460,163
  • Jun 11, 2011 4:07pm Jun 11, 2011 4:07pm
Quoting PayTheLimit
Yea, now that you mention it, sounds about right. Didnt quite go as planned I guess, they just sizzled those guys. Lots of time they also put orders in like risk 10 points to make 2, lol, a bood bath it was. I was the firms second in command margin guy, I was always over there blowing their guys out of the water... till they had none left.
Winning more times then you lose on that system will still cost you large...

When it works, all good, but damn you need some pretty deep fricken pockets to keep it running and cashing in chips...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #460,164
  • Jun 11, 2011 4:09pm Jun 11, 2011 4:09pm
Quoting Magix
Winning more times then you lose on that system will still cost you large...

When it works, all good, but damn you need some pretty deep fricken pockets to keep it running and cashing in chips...

Brokers like it, lots of trades. Then you blow up, and they keep the juice...lol
Look Sharp/Trade Tight
  • #460,165
  • Jun 11, 2011 4:12pm Jun 11, 2011 4:12pm
Quoting Magix
Maybe something like the 100 hedge strategy for the majors...

When the week opens, set a long and short with TP of 100 on both and leave for the week...

Theory is, you will be right more times then wrong and end of week collect 200 pips...
what a plan.... :-)

I prefer to take a long and give it room to breath, say 2 or 3k pips...... I never get stopped out.....
  • #460,166
  • Jun 11, 2011 4:14pm Jun 11, 2011 4:14pm
Quoting CUtiger95
what a plan.... :-)

I prefer to take a long and give it room to breath, say 2 or 3k pips...... I never get stopped out.....
Atsa pretty big room to breath in...

Going all old skewl Nene hey?

lol
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #460,167
  • Jun 11, 2011 4:15pm Jun 11, 2011 4:15pm
Quoting CUtiger95
what a plan.... :-)

I prefer to take a long and give it room to breath, say 2 or 3k pips...... I never get stopped out.....
whats your profit target?
Look Sharp/Trade Tight
  • #460,168
  • Jun 11, 2011 4:20pm Jun 11, 2011 4:20pm
Quoting PayTheLimit
whats your profit target?
Always 10 or 12 pips.....I never ever lose :-)

Just kidding, was throwing in the other system I see on here a lot that many like to use and others fall for all the time.
  • #460,169
  • Jun 11, 2011 4:22pm Jun 11, 2011 4:22pm
lol...
Look Sharp/Trade Tight
  • #460,170
  • Jun 11, 2011 4:22pm Jun 11, 2011 4:22pm
Magix, catch latter bro, I'm off for 24hrs....
Look Sharp/Trade Tight
  • #460,171
  • Jun 11, 2011 4:33pm Jun 11, 2011 4:33pm
Quoting PayTheLimit
Magix, catch latter bro, I'm off for 24hrs....
Enjoy dude...

Catch ya later.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #460,172
  • Edited 5:02pm Jun 11, 2011 4:41pm | Edited 5:02pm
Quoting CUtiger95
what a plan.... :-)

I prefer to take a long and give it room to breath, say 2 or 3k pips...... I never get stopped out.....
You are a very aggressive trader. That is 0.4% profit target per trade for a remote chance of 100% loss.

12 pip profit /3,000 pip sl *100 = 0.4%

I started with .01% in 1998 and progressed as follows in about 13 years:

1999 = 0.03%
2000 = 0.10%
2001 to 2003 = 0.30%
2004-2009 = 0.50%
2010-2011 = 1.00% (currently trading some positions with 3% profit target)

In initial years had no set risk percentage, but from 2009 it is equal to or less than target profit percentage.

ps - In 2008/2009 used to enter gradually, multiple entries, about 10 per trade, each for a profit target of 0.05%. However, at one occasion my drawdown exceeded 30%. This forced me to set a definite risk limit.
The Thief of Wall Street
  • #460,173
  • Jun 11, 2011 6:08pm Jun 11, 2011 6:08pm
Quoting egymedo
good work man!!!

?
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460,174
  • Jun 11, 2011 6:14pm Jun 11, 2011 6:14pm
Quoting PayTheLimit
me thinks its time for an A&T...

Absolute & Tonic...
Absolute Wodka ?



;-|
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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460,175
  • Jun 11, 2011 6:15pm Jun 11, 2011 6:15pm
Good evening all of you
  • #460,176
  • Jun 11, 2011 6:15pm Jun 11, 2011 6:15pm
Quoting PayTheLimit
but now I back...in the flesh baby...
Being invisible provides the possibility to backstab...

Inserted Video
  • #460,177
  • Jun 11, 2011 6:18pm Jun 11, 2011 6:18pm
Quoting Rednose
Good evening all of you
Schönen Abend ebenso ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460,178
  • Jun 11, 2011 6:19pm Jun 11, 2011 6:19pm
Danke mein bester was mach dein we? Alles jut?
  • #460,179
  • Jun 11, 2011 6:23pm Jun 11, 2011 6:23pm
Quoting Rednose
Danke mein bester was mach dein we? Alles jut?
Bis eben mit Freundin unterwegs ...

Jetzt Rückzug ... also ok soweit ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #460,180
  • Jun 11, 2011 6:26pm Jun 11, 2011 6:26pm
Quoting mercy seat
Bis eben mit Freundin unterwegs ...

Jetzt Rückzug ... also ok soweit ...
Mal schauen was Sidney macht mit so ne scheisse in die hände, Ich glaube die schliztaugen werden wohl es lieber anfassen wollen....
Vielleicht ein paar pips am sonntag, dann profit aus den tisch nehmen und am montag die bounce
mitnehmen oder was?
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