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No SL No Leverage Strategy - working so far

  • #841
  • May 16, 2012 4:40am May 16, 2012 4:40am
Quoting cuchuflito
Hey "51" forget the discussion and letīs make some money here.

Did my first campaig on a very small position EURGBP.
Entry system is irrelevant...I use my own.
I locked/unlocked 3 times.
Closed the last leg with a total result of: 1,148 R profit (R was initial risk), AFTER deducing interest paid!
I added up the interest Oanda charged per position, positive and negative (most was negative) and it amounted to -0,0046 R, which is very small.
Granted , the campaign took only 3 days, but for people that argue...
Actually since there seems to be several of you unlock/lock masters here, you should open a thread and then you can control the subject matter. You will never be able to post your strategy without interference this way. In my threads we talk trades and there are no side issues allowed. We stay on subject. So let me know if you have a place that the subject can be talked about. I dont think I fully follow your method but I know you cant present here clearly without a pile of interruptions. So good luck, I do understand the stopping of time concept of hedging and the key to unlock is getting a good CT trade going but I would be curious of how you do all that.
  • #842
  • May 16, 2012 5:00am May 16, 2012 5:00am
Quoting nanningbob
Actually since there seems to be several of you unlock/lock masters here, you should open a thread and then you can control the subject matter. You will never be able to post your strategy without interference this way. In my threads we talk trades and there are no side issues allowed. We stay on subject. So let me know if you have a place that the subject can be talked about. I dont think I fully follow your method but I know you cant present here clearly without a pile of interruptions. So good luck, I do understand the stopping of time concept...

Hey Naning, Iīm not a "Master in hedging" after only one trade..just learned from reading "51", on this thread..
He seams to be real good at it...from my first try...I can say...thereīs all kindīs of scenarios possible (remember itīs an almost random beast)...
BUT once you get the basic concept...itīs just like cooking...simple...good spaguetti takes a little more than hot water though..Iīm sure you know that better than me.

My thought: if I can recover one potentiall looser, and I pulled it on my first try...itīs definitely worth studying...I donīt care about the people against it...theyīre kind of funny...but as you mention, a waste of precious time...
I agree someone should open a new thread on the subject, and bann intruders who just want to disturb...
I donīt know how to open a thread...donīt have the time it takes to answer every post anyway..
I will keep posting my experiences till then here...
Hope "51" keeps posting his valuable input...

I propose we all make it a rule NOT to answer to rude, or sarcasticall comments...sooner or later they will give up...after all itīs my money I risk...nobodyīs business...and from their tone Itīs more an ego thing, than caring to protect us from "sinfull hedging".
  • #843
  • May 16, 2012 6:56am May 16, 2012 6:56am
what is it actually you try to acchive ??? if you try to convince anybody about a system/method....then explain it...or just shut up..

every other day here on FF...Gurus join,,,with theire new fantastic no loss systems......either they are just plain stupid or just planning to make a scam.

No one of the Gurus now and in the past has never could explain
how their holygrail works....
StopLoss is for none belivers... Trust the Gurus..
  • #844
  • May 16, 2012 7:00am May 16, 2012 7:00am
Quoting lillelise
what is it actually you try to acchive ??? if you try to convince anybody about a system/method....then explain it...or just shut up..
Everything you are asking for has been provided with screenshots and long explanations which can be understood by a first grader.

But what are you doing here ?
What is your mission ?

Read what this thread is all about:
Quote
I think you are losing the focus here. The main point in this thread is NOT whether using a SL is good or bad, I did not mean to revamp the old battle SL vs no SL.

The method I am using and I am trying to develop with the help of those who want to take what I wrote in the first post as a starting point, is in great part based on not using a predefined SL as the title of the thread might suggest. You might not like it, but that's it.

Do you understand this ?

Quote
So we should get past this SLvsnoSL thing because here the option of using the SL have been already discarded from the very beginning.

You are wrong here in this thread, lillelise.
Is it so hard to comprehend it ?
  • #845
  • May 16, 2012 7:13am May 16, 2012 7:13am
Since I discovered the report-button, I will use it.
The hijackers will get tired to see their offensive postings getting deleted and stop their destructive behavior.[/quote]

Good on you 51!

Back to my first trade:
-Took profit 3 times on the short side.
-My long protective Hedge was triggered in the beginning, and closed with a loss in the end.
Adding it all up including interest paid, it came to the results mentioned beforeOSITIVE!

Hereīs an article I found on simple hedging, thatīs pretty much what I did:

"The way a simple forex hedge protects you is that it allows you to trade the opposite direction of your initial trade without having to close that initial trade. It can be argued that it makes more sense to close the initial trade for a loss and place a new trade in a better spot. This is part of trader discretion. As a trader, you certainly could close your initial trade and enter the market at a better price. The advantage of using the hedge is that you can keep your trade on the market and make money with a second trade that makes profit as the market moves against your first position. When you suspect the market is going to reverse and go back in your initial trades favor, you can set a stop on the hedging trade, or just close it. "

(Hate SL )
  • #846
  • May 16, 2012 7:13am May 16, 2012 7:13am
fx51 i understand completly who and what you are...
StopLoss is for none belivers... Trust the Gurus..
  • #847
  • May 16, 2012 7:33am May 16, 2012 7:33am
(Hate SL )[/quote]

By the way: Negative Interest does play a "non negligible", part.

I calculate, that if it would have taken me 30 days to recover from the "initiall potentiall loss"...that would have eaten a good part of the R: 1,14 profit..
BUT still a small profit....maybe worst case BE.
The trick is to master the recovery.
Pick then, any half decent system....and youré surfing.

Think :
A typicall "good system":

Win 4 loose 6 .... right?
Ratio: 1 to 2.
...recover half of the loosers..(only BE).
THEN: win 4 loose 3.
Long run: $$$$$$$$$$

No need to waste time discussing "51"...just come over to Mü for that Champagne.
  • #848
  • May 16, 2012 8:14am May 16, 2012 8:14am
Quoting cuchuflito
(Hate SL )
By the way: Negative Interest does play a "non negligible", part.

I calculate, that if it would have taken me 30 days to recover from the "initiall potentiall loss"...that would have eaten a good part of the R: 1,14 profit..
BUT still a small profit....maybe worst case BE.
The trick is to master the recovery.
Pick then, any half decent system....and youré surfing.

Think :
A typicall "good system":

Win 4 loose 6 .... right?
Ratio: 1 to 2.
...recover half of the loosers..(only BE).
THEN: win 4 loose 3.
Long run: $$$$$$$$$$

No need to waste time discussing "51"...just come over to Mü for that Champagne.[/quote]

You cant discuss this in a public forum..., it wont be allowed, lol.

Two very good threads got destroyed by a few outcasts, shame, the basis of which is similar to your description above.

There is a whole new world out there above and beyond looking at charts, indies, ea's, sl, etc..

M.
  • #849
  • May 16, 2012 3:35pm May 16, 2012 3:35pm
Quoting cuchuflito
No need to waste time discussing "51"...just come over to Mü for that Champagne.
Sorry, I drink no alcohol, but many thanks for your invitation.

Your first closed cycle of lock-unlock is a good experience.
I did a few trades yesterday and today in my live-account and made
10 % yesterday and 6 % today.
Usually I start with 1% risk.

Locking 1% floating loss is no big deal for me and waiting for a pullback
or a trendreversal in order to grab 20 to 30 Pips is no big deal either
because trends of 200 - 1000 Pips offer plenty of opportunities
for pullbacks of 30 - 100 Pips and more.

Should we start a thread for the lock-unlock method ?
I will not because I donīt have enough time to manage it.

You know that the missionaries will appear and the trolls and it would need a continous work to keep the thread clean.

I never intended to teach the method because what is there to teach ?
It is so simple and everything has been posted already.

Teaching traders systems which provide good entries and all that stuff
has been done by others, I donīt need to add a new thread to the hundreds which already exist.
  • #850
  • May 16, 2012 3:50pm May 16, 2012 3:50pm
Quoting fxtr51
Sorry, I drink no alcohol, but many thanks for your invitation.

Your first closed cycle of lock-unlock is a good experience.
I did a few trades yesterday and today in my live-account and made
10 % yesterday and 6 % today.
Usually I start with 1% risk.

Locking 1% floating loss is no big deal for me and waiting for a pullback
or a trendreversal in order to grab 20 to 30 Pips is no big deal either
because trends of 200 - 1000 Pips offer plenty of opportunities
for pullbacks of 30 - 100 Pips and more.

Should we start a thread for the lock-unlock...
Well said and well done...awsome performance...best of success to you..."51"
....and thanks...that was my missing key...(Iīve been trading for 15 years...)...
Iīm short GBPJPY, protective lock didnīt trigger and Iīm close to TP..so thatīs an easy bonus..
Enjoy life!
  • #851
  • May 16, 2012 10:27pm May 16, 2012 10:27pm
Quoting fxtr51
Sorry, I drink no alcohol, but many thanks for your invitation.

Your first closed cycle of lock-unlock is a good experience.
I did a few trades yesterday and today in my live-account and made
10 % yesterday and 6 % today.
Usually I start with 1% risk.

Locking 1% floating loss is no big deal for me and waiting for a pullback
or a trendreversal in order to grab 20 to 30 Pips is no big deal either
because trends of 200 - 1000 Pips offer plenty of opportunities
for pullbacks of 30 - 100 Pips and more.

Should we start a thread for the lock-unlock...
Yes that is true you have taught it but it has the train of thought has been interrupted many times. You own thread allows you to teach and those that want to watch or learn can stay on subject. Nothing like live trades to show how and why it works.
  • #852
  • May 17, 2012 1:28am May 17, 2012 1:28am
Quoting nanningbob
I am long USD on just about every pair, which means I am short eur/usd, gbp/usd, nzd/usd and looking to enter long if price breaks past the last swing high on usd/cad, usd/jpy, and usd/chf.
good on you Bob, hopefully soon we will see those trades and how you handle them on a real explorer account..
seems like its starting to drop..
  • #853
  • May 17, 2012 1:38am May 17, 2012 1:38am
Consider this:
Iīve been shooting for 5% weekly for years...never made it...
If I can recover only half of my losses...hedging...Iīm there easily..

Take some humble 10000 Euros
5% weekly compound.
It makes over a million in 2 years!!! (if you donīt believe me , just punch your numbers in an excell compound formula)

Once I get there, I promiss to invite all these guys who are desperatly fighting for a STOP LOSS (wonder if they are secretly working for "BIG BROTHER BROKER")
for a Big Bottle of Champagne in my hometown...maybe that will kick their frustration..
Oh I forgot, "51" doesnīt drink alcohol , (good on you), so we will get him the best fruit juice money can buy..served by the pretttiest waitress in town..
This is fun man...
  • #854
  • May 17, 2012 1:49am May 17, 2012 1:49am
Quoting cuchuflito
Consider this:
Iīve been shooting for 5% weekly for years...never made it...
If I can recover only half of my losses...hedging...Iīm there easily..

Take some humble 10000 Euros
5% weekly compound.
It makes over a million in 2 years!!! (if you donīt believe me , just punch your numbers in an excell compound formula)

Once I get there, I promiss to invite all these guys who are desperatly fighting for a STOP LOSS (wonder if they are secretly working for "BIG BROTHER BROKER")
for a Big Bottle of Champagne...
Yes, trading without SL is fun ( if done properly of course ).

Just a suggestion:
You could pick entries from the Price Accordingly thread of the troll P.Dean
and use a very low risk, for example 0.1 % .

You will get at least 2 or more entries per pair on M5 , so if you trade about 5 pairs, that is between 10 and 50 entries daily.

Many entries will give you the 0.1 % profit without triggering the pending lock order.

The others are frozen with 0.1 % floating loss and it is a breeze to unlock them somewhere and close the whole cycle at BE or in profit.
Swap ?
No problem, the market will easily give you the profit you need to compensate the swap costs.

This way you can easily make 1 % daily without ruining your health.
My daily goal is 5 % but sometimes I stop at 2 % , depends on the market and my mood.

What are those trolls ranting about ?

Either they should contribute on topic here with some reasonable postings or simply leave and shut up and respect the forum rules.
Easy.
  • #855
  • May 17, 2012 2:05am May 17, 2012 2:05am
G morning guys.... seeing the show already begun..

fx51 i would realy like to read more about the lock/unlock method,
it seems easy...where can i find it ???
..or could you be nice to open a thread and teach us.
StopLoss is for none belivers... Trust the Gurus..
  • #856
  • May 17, 2012 2:53am May 17, 2012 2:53am
so fx51 your lock/unlock is like this :

you open a trade ..lets say long 1 lot.

it goes in drawdown 50 pips,, then you open a short 1 lot.

???? then what ???
StopLoss is for none belivers... Trust the Gurus..
  • #857
  • May 17, 2012 2:58am May 17, 2012 2:58am
Quoting lillelise
so fx51 your lock/unlock is like this :

you open a trade ..lets say long 1 lot.

it goes in drawdown 50 pips,, then you open a short 1 lot.

???? then what ???
lillelise, what happened to you ?

Why are you suddenly asking questions which already have been answered in the thread ?

Tell me your motives please.
  • #858
  • May 17, 2012 3:09am May 17, 2012 3:09am
interest...

and cant find any explanition ..
StopLoss is for none belivers... Trust the Gurus..
  • #859
  • May 17, 2012 3:14am May 17, 2012 3:14am
Quoting lillelise
interest...

and cant find any explanition ..
I will not do the search for you.

It is all there and now tell me why you are asking questions about already answered things.
  • #860
  • May 17, 2012 3:17am May 17, 2012 3:17am
so i understand my example was wrong ??
StopLoss is for none belivers... Trust the Gurus..
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