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  • #7,441
  • Nov 21, 2011 11:03am Nov 21, 2011 11:03am
I am now flat on Gold .

closed last part , still can squeeze some more pips
but 1100 pips are enough
I SEE YOU !!
  • #7,442
  • Nov 21, 2011 11:05am Nov 21, 2011 11:05am
Quoting T@rantula
Yes exploited both swings today, but I also needed to cover my position, damn US brokers they dont allow hedging so i needed to apply spot on buy/sell strategy.
I moved out USA because this reason , but more is that you close first what you opened first .
I SEE YOU !!
  • #7,443
  • Nov 21, 2011 11:06am Nov 21, 2011 11:06am
Quoting mercy seat
NYSE more significantly under pressure now ...

But not the EURO (!) at the same time ...

Be aware of that phenomenon ...

;-|
Yes EU completely ignored US stock market tanking today. When I saw that ECB has bought only 8 bln bonds last week, thought we could easily go to 3370, stock market also tanked despite good US home sales number. Thats when I reversed my short as ECB has been buying every dip. Supported by their US counterparts.
  • #7,444
  • Nov 21, 2011 11:07am Nov 21, 2011 11:07am
Quoting dbfusion
I moved out USA because this reason , but more is that you close first what you opened first .
My personal account is of EU broker. But i have also US clients and im managing their accounts on OANDA. No US broker allows hedging.

Also about FIFO rule, it can be avoided by opening +/- 0.1 of the first position.

I must say, this way I dont promote anything as my work on FF is strictly non profitable and free of any charge.

My work on FF will always be free and im glad to help.
  • #7,445
  • Nov 21, 2011 11:12am Nov 21, 2011 11:12am
Quoting T@rantula
My personal account is of EU broker. But i have also US clients and im managing their accounts on OANDA. No US broker allows hedging.

Also about FIFO rule, it can be avoided by opening +/- 0.1 of the first position
hmmm ,

that's interesting , gotta try that .

I have still account there but with pennies

I don't hedge at all any how .
I SEE YOU !!
  • #7,446
  • Nov 21, 2011 11:15am Nov 21, 2011 11:15am
Quoting dbfusion
hmmm ,

that's interesting , gotta try that .

I have still account there but with pennies

I don't hedge at all any how .
For example:

1st BUY order is 1.0 lots
2nd BUY ORDER is 1.0 lots

That way u need to close your first long first. But if u had opened 1.2 lots or anything different from 1.0 you could have closed your second order too.
  • #7,447
  • Nov 21, 2011 11:18am Nov 21, 2011 11:18am
Quoting T@rantula
For example:

1st BUY order is 1.0 lots
2nd BUY ORDER is 1.0 lots

That way u need to close your first long first. But if u had opened 1.2 lots or anything different from 1.0 you could have closed your second order too.
sounds easy , but there is not enough for lots any more there lol

can this work on mini
I SEE YOU !!
  • #7,448
  • Nov 21, 2011 11:20am Nov 21, 2011 11:20am
1.353x area need some nice momentum to break it........
Previously it has held multiple time........ some what it completes upper range too.........
  • #7,449
  • Nov 21, 2011 11:21am Nov 21, 2011 11:21am
Quoting T@rantula
For example:

1st BUY order is 1.0 lots
2nd BUY ORDER is 1.0 lots

That way u need to close your first long first. But if u had opened 1.2 lots or anything different from 1.0 you could have closed your second order too.
I looked at oanda for my second account but excluded it as a choice after learning about the US rules. They allow to have subaccounts and I understand it is easy to transfer credit back and forth between them, but why would one want to have that hassle as long as there are other choices..
  • #7,450
  • Nov 21, 2011 11:31am Nov 21, 2011 11:31am
Quoting 2046
I looked at oanda for my second account but excluded it as a choice after learning about the US rules. They allow to have subaccounts and I understand it is easy to transfer credit back and forth between them, but why would one want to have that hassle as long as there are other choices..
Yes, i really dont like US brokers, a bunch of stupid rules.
  • #7,451
  • Nov 21, 2011 11:32am Nov 21, 2011 11:32am
Quoting Munal
1.353x area need some nice momentum to break it........
Previously it has held multiple time........ some what it completes upper range too.........
Stops are presumably just above 3540.
  • #7,452
  • Edited 11:47am Nov 21, 2011 11:35am | Edited 11:47am
Quoting T@rantula
For example:

1st BUY order is 1.0 lots
2nd BUY ORDER is 1.0 lots

That way u need to close your first long first. But if u had opened 1.2 lots or anything different from 1.0 you could have closed your second order too.
Well ... not propperly expressed for me ...

You mean possibly 1.0 + 1.2 = 2.2 and then closing 1.8 ?

Or what ?

Or closing 2.0 => then rest 0.2 ?





And is it not possible with your ugly oanda to have two orders opened ... ? And aggregate them afterwards or even merge (with a positions merger) them into one order ... but unwind partial fractals afterwards ? ? !

But any of them do have an order-ID ... a specific order-ID ... and therfore you can define a specific closing for a specific order-ID (irrespective of our old not beloved FIFO-Rules?!) ...

Please explain a little bit more precise how you meant ...

Possible with a written example ... no ugly screenshots ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,453
  • Nov 21, 2011 11:41am Nov 21, 2011 11:41am
Quoting T@rantula
All bearish levels have been respected 3430 held firm so no 3370 today.

Watching those 2 bullish levels

Attachment
gosh, you nearly tick ALL the boxes today!
well done
  • #7,454
  • Nov 21, 2011 11:45am Nov 21, 2011 11:45am
Quoting mercy seat
Well ... not propperly expressed for me ...

;-|
One of the accounts I trade are under OANDA's MT4 broker platform.

FIFO rules means that you need to close your positions in the order you previously opened it. The position which was first opened will be the first to be closed.

That is the most stupid rule along with no hedging allowed. FIFO rule applies only to US brokers and fortunately most of prominent EU brokers dont have that nonsense bull...t rule.

For example:

1st entry is long EU 3500 1.0 lot
2nd entry is long EU 3545 1.0 lot ( that way u are using market's money)

The rule says that first u need to close ur first order ( long 3500 ) before you can manage your second.

That is FIFO rule.
  • #7,455
  • Nov 21, 2011 11:46am Nov 21, 2011 11:46am
Quoting 2046
gosh, you nearly tick ALL the boxes today!
well done
Thanx.
  • #7,456
  • Nov 21, 2011 11:54am Nov 21, 2011 11:54am
Quoting T@rantula
One of the accounts I trade are under OANDA's MT4 broker platform.

FIFO rules means that you need to close your positions in the order you previously opened it. The position which was first opened will be the first to be closed.

That is the most stupid rule along with no hedging allowed. FIFO rule applies only to US brokers and fortunately most of prominent EU brokers dont have that nonsense bull...t rule.

For example:

1st entry is long EU 3500 1.0 lot
2nd entry is long EU 3545 1.0 lot ( that way u are using market's money)

The rule says...
T@ra ... you and me ... we should remember what we talked about even longer than one year ago ...

And you and me ... we know the FIFO rules ... we talked about already ...

But I mean ... write in a more clear way ... what you can do in that example ... as you mentioned it ... that you can avoid such things by using your "hat-trick" there ... with two different orders in different order sizes ...

You mentioned one with 1.0 + one pos with 1.2 ... what does that change then with your OANDA ... ??
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,457
  • Nov 21, 2011 11:58am Nov 21, 2011 11:58am
Quoting T@rantula
My personal account is of EU broker. But i have also US clients and im managing their accounts on OANDA. No US broker allows hedging.

Also about FIFO rule, it can be avoided by opening +/- 0.1 of the first position.
Please explain more precise this statement I mean ...

How can this help you to avoid this rule ???




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,458
  • Nov 21, 2011 12:10pm Nov 21, 2011 12:10pm
Quoting mercy seat
T@ra ... you and me ... we should remember what we talked about even longer than one year ago ...

And you and me ... we know the FIFO rules ... we talked about already ...

But I mean ... write in a more clear way ... what you can do in that example ... as you mentioned it ... that you can avoid such things by using your "hat-trick" there ... with two different orders in different order sizes ...

You mentioned one with 1.0 + one pos with 1.2 ... what does that change then with your OANDA ... ??
Here:

You can avoid FIFO rule if you open 2 positions which differ by 0.1 pip only.

For example:

1st BUY order is 1.0 lot
2nd buy order is 1.01 or 0.99 it just needs to be different. Then you can close your second order.
  • #7,459
  • Nov 21, 2011 12:20pm Nov 21, 2011 12:20pm
Quoting T@rantula
Here:

You can avoid FIFO rule if you open 2 positions which differ by 0.1 pip only.

For example:

1st BUY order is 1.0 lot
2nd buy order is 1.01 or 0.99 it just needs to be different. Then you can close your second order.
Ok ... simply needs to be differnt in ordersize ... then possible to close that specific one that you want ...

In other words ... they don't have a specific order-ID identification that also have influence for the creation of specific limit orders or any other kind of orders creation (only linked to a specific position identified by ID) so that you must create different order sizes ... then it can identify the one specific position you want to have closed first ...

Order-ID are only provided then for accounting (back office IDs) purposes ... but not for trading related purposes ... no real front desk IDs ...




ok ok ok ....


Thank you for reply ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #7,460
  • Nov 21, 2011 12:20pm Nov 21, 2011 12:20pm
Quoting mercy seat
Ok ... simply needs to be differnt in ordersize ... then possible to close that specific one that you want ...

In other words ... they don't have a specific order-ID identification that also have influence for the creation of specific limit orders or any other kind of orders creation (only linked to a specific position identified by ID) so that you must create different order sizes ... then it can identify the one specific position you want to have closed first ...

Order-ID are only provided then for accounting (back office IDs) purposes...
Yes just different order size.You are welcome!
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