See the attachment, and notice the huge drawdown in pips on the longs. They have been increasing all night.
AUDUSD Trading Pit 425 replies
If previous bar=bull/bull then 2 replies
Pit Traders - How Do We Classify Their Trading Style? 6 replies
Dislikedswaped over after the video and finalys Started trading for our usa friends
finished of the day for $442.0 SALES 100 % HIT RATE AND DD 220
SO 2/1 TURN OVER RATE as i said one shouLD try To achieve stock to sales to sales
in camteck format
i tryed to upload to utube in camteck format so far its not uploaded damn but you guys have the screen snap shots
nice to see old friends on here
sorry no trading for me tommoro out all day having fun
i wasnt going to post the above video as it was a hotch pot of my methods...Ignored
DislikedMy concern, again, is that I'm unable to close all trades currently as that would have me losing money, not printing money, and since we have no method of controlling the losing trades they could just continue to lose and increase the drawdown.Ignored
DislikedStarting a new demo account:
EUR: 1000
Lot sizes:
- Min: 0.01
- Max: 0.05
Sales so far: 160
Stock/DD : -72Ignored
DislikedStill trying to figure this all out.
I set the hedge up last night before bed to let it settle in. This am woke up to find the entire hedge at a net profit of 5%....currently 8% as I type without any interaction at all.
In instances such as this should we close all open orders and bank the 5-8%?
Or is this the ideal time to begin putting in our larger orders i.e. swapping .1's for .4's?
Is there a best/worst time to begin interacting with the hedge for example only if the hedge is showing a net profit?
I'm def over leveraged for this...Ignored
DislikedStill trying to figure this all out.
I set the hedge up last night before bed to let it settle in. This am woke up to find the entire hedge at a net profit of 5%....currently 8% as I type without any interaction at all.
In instances such as this should we close all open orders and bank the 5-8%?
Or is this the ideal time to begin putting in our larger orders i.e. swapping .1's for .4's?
Is there a best/worst time to begin interacting with the hedge for example only if the hedge is showing a net profit?
I'm def over leveraged for...Ignored
DislikedI understand most of this, but what I don't get is why everyone is calling the 10 pairs a hedge. When you work it out and eliminate the offsetting currencies, the net "hedge" is selling 5 units of USD vs JPY and buying one unit of EUR vs GPY. It's not at all neutral, so it's not a hedge, and a portion of your profits and losses are coming from this unbalanced hedge, which is mostly short the USDJPY.
Can anybody find fault in my concern ?Ignored
DislikedSee the attachment, and notice the huge drawdown in pips on the longs. They have been increasing all night.Ignored
DislikedI am new to this sort of trading but my guess is that it would not work properly if it were a 100% hedge as there needs to be some movement to allow the initial trades to move the open basket of trades into a profit position.
As daft mentioned his initial basket of trades went into 8% profit and so he could take that profit off the table and restart.
Maybe a better term would be the initial basket of trades rather than a hedge?
I am probably totally wrong but thats my understanding so far.Ignored