Congratulations ScalaFX for coming out of the closet!
EA open position on demo, but not open position on real account. Any Comment 7 replies
Close Losing Position, Set Trailing Stop to Winning Position 2 replies
Extreme long term Hedged Carry Trade Position Building journal 15 replies
What is "Building a Position" 4 replies
Long position or short position 6 replies
DislikedI have been resisting the calls for blocking ppl...but I know the clear minded ppl will ask why are some ppl try to start a fuss.
Over a method that only a few can trade anyways..
I will start the user administration process today.
some users will not be able to post here as I see they are not friendly.
Even if ones method of trading is flawed why would you want or need to be the one to kill ppls dream.
Give ppl a chance to self-discover and be the one assist and guide ppl in making decisions and you might learn something in the process...Ignored
Disliked...Back to demo again...
Lesson learned..
Back then i used the original pitbull 10 pairs hedge,realised that those pairs are solely meant to be an indicator, not actual, so i separated it from the trading account. Proceed to add samir indicator/ or the other indicator from the other forum.. i liked the daily chart since its slower. I used t101 14pairs setup since i think its better hedged..less dd.
Chips mentions the mistakes that i made since i overtrade since the bottomtrades keep changing pairs so you could have an instant 3 pairs switch...Ignored
DislikedSuperbandam, thanks for your thoughtful post. Let me pose a challenge to you. I think you can do it. Do this on demo only!!! Open your set of trades and trade normal for the day. Leave several .4 or higher trades open for a day or so and dont look at them. Let the trades go into huge drawdown! Then after a day or 2 look at your positions again. Look at the ones in huge dd, then figure out a way to trade out of those bad positions. You will gain so much confidence when you are able to do so. It may take you several days or lnger to do so...Ignored
DislikedNice reply Marlin to an open and interesting post from superbandam. You're right, as Chips says its all down to opening the mind and practice...
Really good one.
Closing out now and for a relatively flat day I posted + 3.63
So for the week +8.70. My basket is in DD at 4% so I am leaving it open.
Have a G8 weekend all.
CWIgnored
DislikedDone for the week too. Closed my basket yesterday. No trades for me today.
Up 12% this week. Thanks to all of you guys :-)Ignored
DislikedSuperbandam, thanks for your thoughtful post. Let me pose a challenge to you. I think you can do it. Do this on demo only!!! Open your set of trades and trade normal for the day. Leave several .4 or higher trades open for a day or so and dont look at them. Let the trades go into huge drawdown! Then after a day or 2 look at your positions again. Look at the ones in huge dd, then figure out a way to trade out of those bad positions. You will gain so much confidence when you are able to do so. It may take you several days or lnger to do so...Ignored
DislikedThanks for those kind words Marlin, appreciated it.Looks like this method is growing on me week by week. Last week i got some substantial dd but hedged it , and putting on additional dd , finally went to break even. More profit could be made it if i hedged it sooner since i left the the dd trade without hedging.
I plan to do your challenge since i had 5 to 6 heavy dd trades from the previous demo account. Lets see...
Thanks to all and have a happy trading week!Ignored
DislikedOh boy, another crazy train-wreck-waiting-to-happen system!
Quick question though, if you've got a "system that gives 100% accuracy on entries" then why do you need a drawdown limit
God, a hope, and a prayer, yep that ought to do it......better watch out for this guy thoughIgnored
DislikedOh boy, another crazy train-wreck-waiting-to-happen system!
Quick question though, if you've got a "system that gives 100% accuracy on entries" then why do you need a drawdown limit
God, a hope, and a prayer, yep that ought to do it......better watch out for this guy thoughIgnored