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Pit bull trading strategy by brijon

  • #361
  • Nov 14, 2011 5:34pm Nov 14, 2011 5:34pm
In Brijon's last video:

http://www.forexfactory.com/showthread.php?p=5130947#post5130947

He trades .10 lots & .14 lots.

So, I will too.

Murph
  • #362
  • Nov 14, 2011 5:36pm Nov 14, 2011 5:36pm
Quoting Suba
Itīs not a hedge, we are trading almost only USD/JPY, so if we are long and the pair go short for a long run, itīs imposible to control the DD.

Letīs make a test, open two accounts, fist go long on the fist five pairs, and on the second go short on the fist five pais, try to control the DD on both accounts and try to be in profit on both. I guess you will not be able.

The account, that is on the rigth side of USD/JPY direction, will be in profit and the other not.

The sistem could work, but we need more direct information and less enigmas,...
How long have you actually traded live scuba? Have you even tried this method or are you just making a judgment?

I don't even hedge (but I've traded baskets) and even I know this is not true: "
The account, that is on the rigth side of USD/JPY direction, will be in profit and the other not."

Just because these currencies are corrolated, doesn't mean they will follow pip for pip and or all go strongly in one direction.
  • #363
  • Nov 14, 2011 5:38pm Nov 14, 2011 5:38pm
Quoting Ann
I wish I could do that. My government tells me: No more 100:1 leverage; only 50:1, NO MORE HEDGING SAME CURRENCY PAIR, and FIFO (first in, first out). Just cuts me off at the knees with this awesome method. Have to work 3x as hard with all these disadvantages. Why is my government trying to keep us forex traders down? Really ticks me off....
Ann, I am a USA citizen and live in Illinois. FXDD does have hedging. I don't really know how they get away with it, but they do. Some mumbo jumbo about front room/back room.
  • #364
  • Nov 14, 2011 5:39pm Nov 14, 2011 5:39pm
Quoting guess121
Did I just give away the grail?
No, this has already been discussed had you read the thread. It won't work properly if you seperate the, "indicator pairs," from the actual trade.

You are working on managing your DD when you close the .01 and go to .04.

Also, myself personally I wouldn't trust two seperate price feeds. And I certainly wouldn't trust a demo price feed as an indicator for a live price feed............trust me demo's are a game no matter what a broker says. Everything works awesome in demo and not nearly as well live, and often not at all.
  • #365
  • Nov 14, 2011 5:49pm Nov 14, 2011 5:49pm
Yes... sorry I have been on and off this thread... though has anyone tried this?

I am not too concerned about reliable data feed for now... this can be dealt with, with opening two accounts with a priovider... a micro account where you trade for pennies... but something that gives you direction with DD.

There are a couple of problems here... there are swings and once a trend starts to occur this is where it can get bad and then you end up chasing your own tail and kill the account... there have to be defined rules... entry, exit, hedge, risk.

Quoting KumoDragon
No, this has already been discussed had you read the thread. It won't work properly if you seperate the, "indicator pairs," from the actual trade.

You are working on managing your DD when you close the .01 and go to .04.

Also, myself personally I wouldn't trust two seperate price feeds. And I certainly wouldn't trust a demo price feed as an indicator for a live price feed............trust me demo's are a game no matter what a broker says. Everything works awesome in demo and not nearly as well live, and often not at all.
  • #366
  • Nov 14, 2011 5:52pm Nov 14, 2011 5:52pm
Quoting KumoDragon
How long have you actually traded live scuba? Have you even tried this method or are you just making a judgment?

I don't even hedge (but I've traded baskets) and even I know this is not true: "
The account, that is on the rigth side of USD/JPY direction, will be in profit and the other not."

Just because these currencies are corrolated, doesn't mean they will follow pip for pip and or all go strongly in one direction.
I have some time in this market, I donīt talk too much, but u can see in the upside how long iīm here on ff.

Kumo, set up this basket, wait some time, open your USD/JPY chart, if your order is on the right side of the price, the basket will be positive, if not, the basket will be negative, you canīt runaway of this.

This "indicator" only show who is weak and who is strong, just this. I repeat, if the USD/JPY go for a long run and your trade is at the wrong side you will not be able to control de DD.

Just trying to clarify things, I hope that this sistem work, thatīll be great.

Suba
  • #367
  • Nov 14, 2011 6:01pm Nov 14, 2011 6:01pm
Quoting Suba
I have some time in this market, I donīt talk too much, but u can see in the upside how long iīm here on ff.

Kumo, set up this basket, wait some time, open your USD/JPY chart, if your order is on the right side of the price, the basket will be positive, if not, the basket will be negative, you canīt runaway of this.

This "indicator" only show who is weak and who is strong, just this. I repeat, if the USD/JPY go for a long run and your trade is at the wrong side you will not be able to control de DD.

Just trying to clarify things, I hope...
How would you not be able to control the DD. If you are on the wrong side of UJ and it's a long run, I would imagine the basket would flip the other way, then you'd just start taking trades in that direction.

Also, you didn't answer my question, did you actually try to trade this? Even in demo, to see if you could get any results postive or negative. It just sounds like your speculating without actually trying the method.

The OP at least has traded this on demo with some very good results.
  • #368
  • Nov 14, 2011 6:11pm Nov 14, 2011 6:11pm
Quoting Stumpy1
Started with $5000.00 now $8322.31 this works if you keep it simple i am just following Dreamliners PDF.
working on the drawdown by taking a hedge on all positions that start to go to far into drawdown eg if I buy a position and it goes from the bottom to the top I hedge it till it starts to work its way down again
great results...based on your 5k demo..what price would you close a trade in profit (roughly)...and what price do you hedge?..again roughly....?..or is it when it just hits the top?

T
  • #369
  • Nov 14, 2011 6:17pm Nov 14, 2011 6:17pm
Quoting brijon
PROFIT IS AN ILLUSION

PIT BULL TRADER TEACHES YOU

EG SIMPLE HEDGE EURUSD GBPUSD AND EURGBP

ALL LONG

WHEN TOTAL PROFIT EXCEEDS LOSS LIQUIDATE ALL

THEN PROFIT IS PROFIT
.....GOD BLESS FROM BRIAN
Oh Oh. Trouble again. Think about what he said:

Long EURUSD
Long GBPUSD
Long EURGBP

He calls this a hedge, and just wait for the money to roll in.
Do the math - you're long 2 x EURUSD. This is no hedge. I don't frequent these boards much, and I don't know Brian, but I do know he doesn't have a clue what a hedge is, and I wouldn't place much weight in a guy that trades .01 lots, and keeps coming up with new systems. Give me a guy that trades full lots successfully with one system he's used for years, and I'll listen to him. Signing off. Take care.

Trader416
  • #370
  • Edited 6:39pm Nov 14, 2011 6:18pm | Edited 6:39pm
Quoting KumoDragon
How would you not be able to control the DD. If you are on the wrong side of UJ and it's a long run, I would imagine the basket would flip the other way, then you'd just start taking trades in that direction.

Also, you didn't answer my question, did you actually try to trade this? Even in demo, to see if you could get any results postive or negative. It just sounds like your speculating without actually trying the method.

The OP at least has traded this on demo with some very good results.
I'm trying this right now, and my orders r onthe wrong side of the USD/JPY pair, and I don't have any pair in the positive field,I will attach a screanshot of my order book in a few minutes, and thogether we could think in a way tho reduce my DD regardles the move os USD/JPY.
The problem is that we r closing the good traders and letting the bed ones run, how this way can u reduce the DD, considering that the USD/JPY is on a long run and u r on the wrong side.

Suba
  • #371
  • Nov 14, 2011 6:48pm Nov 14, 2011 6:48pm
Quoting KumoDragon
Because the group that oversees forex has a direct monetary interest in futures and is trying to drive forex traders to that.
I bet you're entirely correct on that. Futures exchanges have been around for a long, long time. I bet their volume has gone down once Forex opened up to the retail trader.
  • #372
  • Nov 14, 2011 6:58pm Nov 14, 2011 6:58pm
Quoting MurphyMan
Ann, I am a USA citizen and live in Illinois. FXDD does have hedging. I don't really know how they get away with it, but they do. Some mumbo jumbo about front room/back room.
Really???? Thanks, Murph, I'll have to check it out. I don't know how they could get away with it though...Worst case, I guess I open a 2nd account and trade that as a hedge against open positions. Then at least I don't have FIFO or No-Hedge policy going against me. Just makes more work to do and could lead to errors in fast moving conditions.
  • #373
  • Nov 14, 2011 7:20pm Nov 14, 2011 7:20pm
Quoting Ann
Really???? Thanks, Murph, I'll have to check it out. I don't know how they could get away with it though...Worst case, I guess I open a 2nd account and trade that as a hedge against open positions. Then at least I don't have FIFO or No-Hedge policy going against me. Just makes more work to do and could lead to errors in fast moving conditions.
citifx too. They are part of citi group and not regulated by the CFTC gestapo, but by the SEC. I am with them, 50:1, hedging allowed, no FIFO. funds FDIC insured up to 100K. Downside is, 10K initial deposit but they would like to see 20K. They are very picky with applicants, because they can probably.....
  • #374
  • Nov 14, 2011 7:24pm Nov 14, 2011 7:24pm
Quoting attila
citifx too. They are part of citi group and not regulated by the CFTC gestapo, but by the SEC. I am with them, 50:1, hedging allowed, no FIFO. funds FDIC insured up to 100K. Downside is, 10K initial deposit but they would like to see 20K. They are very picky with applicants, because they can probably.....
Good to know attila thanks, what are their spreads like? Do they carry all of the pairs and do they offer anything outside of forex like futures, equites etc?

What platforms do they offer? Mt4?
  • #375
  • Nov 14, 2011 7:25pm Nov 14, 2011 7:25pm
Quoting daft
Good to know attila thanks, what are their spreads like? Do they carry all of the pairs and do they offer anything outside of forex like futures, equites etc?
Spreads are reasonable, 1.6 e/u, 3.2 g/u.... They offer pretty much all pairs. Forex only, no futures etc....

Mt4 and their own...
  • #376
  • Nov 14, 2011 7:42pm Nov 14, 2011 7:42pm
Quoting Stumpy1
Started with $5000.00 now $8322.31 this works if you keep it simple i am just following Dreamliners PDF.
working on the drawdown by taking a hedge on all positions that start to go to far into drawdown eg if I buy a position and it goes from the bottom to the top I hedge it till it starts to work its way down again
Good information, thank you.

Would you be willing to elaborate a bit more Stumpy? I get the gist of the system but perhaps you'd be willing to share a few additional things you've found to help your profitability.

Do you keep it running all day and night or open and close at the beg.and end of each day?

Anything you can offer would be greatly appreciated.
  • #377
  • Nov 14, 2011 8:13pm Nov 14, 2011 8:13pm
Quoting attila
citifx too. They are part of citi group and not regulated by the CFTC gestapo, but by the SEC. I am with them, 50:1, hedging allowed, no FIFO. funds FDIC insured up to 100K. Downside is, 10K initial deposit but they would like to see 20K. They are very picky with applicants, because they can probably.....
Wow...that's great to know as well, thanks Atilla. Since you're with them, could you do a quick comment on how you find their execution? i.e., any requotes, server down during key times, etc. And they'd prefer 20K? That's a lot of bananas!
  • #378
  • Nov 14, 2011 8:24pm Nov 14, 2011 8:24pm
Quoting Ann
Wow...that's great to know as well, thanks Atilla. Since you're with them, could you do a quick comment on how you find their execution? i.e., any requotes, server down during key times, etc. And they'd prefer 20K? That's a lot of bananas!
Execution is good. I have no complaints. I've got screwed a couple of times during news, but I guess that's normal. They never had down servers. As to the application process they were very picky about your assets and trading experience. I guess they don't want new traders. But you never know....

Stretching the truth a little bit would do.... When I applied they went on about my fixed assets (not enough for them) but then I'm like. OK, how much you want? 20K, 50K?... So I guess money talks in the end.

They can do all these because they are the ONLY fx bank-broker in the U.S. and they know it...
  • #379
  • Nov 14, 2011 8:31pm Nov 14, 2011 8:31pm
I think Brian means to say that these pairs are a basket instead of a hedge. Seems his main reason for these pairs is the swap interest they pay. You can choose other pairs for the basket if you desire.
  • #380
  • Nov 14, 2011 8:55pm Nov 14, 2011 8:55pm
Quoting attila
Execution is good. I have no complaints. I've got screwed a couple of times during news, but I guess that's normal. They never had down servers. As to the application process they were very picky about your assets and trading experience. I guess they don't want new traders. But you never know....

Stretching the truth a little bit would do.... When I applied they went on about my fixed assets (not enough for them) but then I'm like. OK, how much you want? 20K, 50K?... So I guess money talks in the end.

They can do all these because they are...
Great information. Thanks much.
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