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  • #789,821
  • Apr 18, 2013 10:22am Apr 18, 2013 10:22am
Quoting QuikFlipp
I am dumb..
go ask my ex she'd say how dumb I am, low EQ and IQ, liar, etc, basically every bad things. I need time to digest all of attila's posts, been 5 months learning here n there from him
  • #789,822
  • Apr 18, 2013 10:23am Apr 18, 2013 10:23am
ok today i did scalping... now i have longs and shorts.

short @3035 and 3076
longs @3136 and 3083

its my idiotism, that im in this situation

but i think i will take @3136 and after move down to @3035... maybe im dreamer, but i hope it...
  • #789,823
  • Apr 18, 2013 10:24am Apr 18, 2013 10:24am
couldn't find any possible bullish move on 4hr, sold 1.3083 tp 1.3030 extending to 1.297 sl 1.313
Trade according to current market condition, not what you think would be.
  • #789,824
  • Apr 18, 2013 10:24am Apr 18, 2013 10:24am
Quoting Rockerzeus
Hi Attila, Hope you are Ok. Interesting idea. I try to apply your idea to my chart. Actually i was thinking about it since yesterday when Likerty mentioned about LO and NY open times and opening price relation with important levels. Ati1 Line 34 is OPEN price (Which is green and 1.3063) at 16:00 pm which is 09:00 am NY. HLBD is High and Low values since 6 hours back at 09:00 am as 1.3076 and 1.3037. Indi calculates (High-Low) and takes it as 6 hours range and (1.3076-1.3037)=0.0039 and add and subtract this value to opening price with some ratios....
THAT is brilliant.... exactly what I had in my head but there was no way in hell I could have described that.
Hats off to you sir. Wow... with a little refinement this would be a nifty indi for NY open!
A pip is only worth it if you know how much you risked to earn it
  • #789,825
  • Apr 18, 2013 10:25am Apr 18, 2013 10:25am
Waiting here for the short.. I hope it will be more than 100 pips down. I do not have beautiful charts to share. Sorry guys my system didn't use charts but only numbers to crunch.

Hope the best for all here
Skype: tlcodelearncircle
  • #789,826
  • Apr 18, 2013 10:26am Apr 18, 2013 10:26am
Quoting Blajda
ok today i did scalping... now i have longs and shorts. short @3035 and 3076 longs @3136 and 3083 its my idiotism, that im in this situation but i think i will take @3136 and after move down to @3035... maybe im dreamer, but i hope it...
cut red, keep green, move yellow to be.

thats what i would do

edit: ok, maybe we wont see 85 again soon. i would try to get out at 80 or sth
  • #789,827
  • Apr 18, 2013 10:30am Apr 18, 2013 10:30am
Quoting Blajda
ok today i did scalping... now i have longs and shorts. short @3035 and 3076 longs @3136 and 3083 its my idiotism, that im in this situation but i think i will take @3136 and after move down to @3035... maybe im dreamer, but i hope it...
Why not using stops ?

Because hedging is a difficult task...i've tried it without success...especially when your buys are highers than your sells.

Dreaming in Forex may work once or twice until it blows everything..watch out fella
COT: The precious data ignored
  • #789,828
  • Apr 18, 2013 10:32am Apr 18, 2013 10:32am
Quoting kuroro001
Why not using stops ? Because hedging is a difficult task...i've tried it without success...especially when your buys are highers than your sells. Dreaming in Forex may work once or twice until it blows everything..watch out fella
i once held a losing short for ~10 days because I was too arrogant for a stop, before i could get out at BE.

never again!
  • #789,829
  • Apr 18, 2013 10:33am Apr 18, 2013 10:33am
i say: my idiotism
  • #789,830
  • Apr 18, 2013 10:34am Apr 18, 2013 10:34am
Quoting vlady1974
THAT is brilliant.... exactly what I had in my head but there was no way in hell I could have described that. Hats off to you sir. Wow... with a little refinement this would be a nifty indi for NY open!
Thanks vlady,

Please credits goes to Attila, he is the owner of original idea. I just try to apply his idea to some formulation and reflect it to the chart.
Also your posts about Merlin Strategy and Likerty's post yesterday also have values on it. Thanks to both of you as well.

Take care
  • #789,831
  • Apr 18, 2013 10:34am Apr 18, 2013 10:34am
wrong forum. ignore
  • #789,832
  • Apr 18, 2013 10:36am Apr 18, 2013 10:36am
Quoting Myo
i once held a losing short for ~10 days because I was too arrogant for a stop, before i could get out at BE. never again!

LOL, i have been there, and that BE feels like a million dollars LOL
"It is not enough to have a good mind; the main thing is to use it well"
  • #789,833
  • Apr 18, 2013 10:36am Apr 18, 2013 10:36am
Quoting Blajda
ok today i did scalping... now i have longs and shorts. short @3035 and 3076 longs @3136 and 3083 its my idiotism, that im in this situation but i think i will take @3136 and after move down to @3035... maybe im dreamer, but i hope it...
you must had closed the 1.3136 long and 1.3076 short, why did you add long 1.3083 and short 1.3076, for what? Nervousness! Big Mess
I prefer you close the longs and leave the shorts. Euro down to your first short.
Trade according to current market condition, not what you think would be.
  • #789,834
  • Apr 18, 2013 10:51am Apr 18, 2013 10:51am
Quoting Blajda
ok today i did scalping... now i have longs and shorts. short @3035 and 3076 longs @3136 and 3083 its my idiotism, that im in this situation but i think i will take @3136 and after move down to @3035... maybe im dreamer, but i hope it...
You just locked in losses that's all, not as bad as letting one and many collapsed losers run all the way and adding to losers.

Scalping - Tentatively is to close a trade within a short period of time commonly few seconds to few minutes at most, trading burst of breakout in 1-5 mins time frame candlestick that moves more rapidly then another.

Any trades that's more than 10 minute without a stop loss or take profit target ain't scalping anymore, that's more like position taking / trading / investing. Scalping requires volatility or differ sessions, differ tp's expectation.

Asia would be slow for like 1-3 pips, while europe commonly 3-5pips, us easily 8-15 pips as per 5 min's volatility, there's range's scalping and burst breakout scalping. Still sessions with different upcoming fundamental / season will affects its volatility.

Having hedging is the same as closing your trade.

When you open a live buy, once you close the order, you closed in live's sell. Vice Versa.

Here's my positive hedging.

Sometime, i ain't want to take profit yet, so instead i use a live trade to open against my trade, so i am locked in profits .

You can implement buy sell stops to catch a possible breakout another day, so your balance will gradually turns green then you can execute " CLOSE ALL ORDERS " without hurting too much, but that takes experiences and patience .
Attached Image (click to enlarge)
Click to Enlarge Name: positive hedging.png Size: 8 KB
  • #789,835
  • Apr 18, 2013 10:57am Apr 18, 2013 10:57am
Quoting 5percent
Here's my positive hedging. Sometime, i ain't want to take profit yet, so instead i use a live trade to open against my trade, so i am locked in profits .
Thank you for sharing this 5%! I've never thought of it applying a hedge/counter-trend in this way.
Brilliant!

2 really good ideas today on this thread! Wow!
A pip is only worth it if you know how much you risked to earn it
  • #789,836
  • Apr 18, 2013 11:00am Apr 18, 2013 11:00am
Quoting J.Clinton
couldn't find any possible bullish move on 4hr, sold 1.3083 tp 1.3030 extending to 1.297 sl 1.313
My position started it's way down to my first tp hoping Daily close under 1.306 needed
Trade according to current market condition, not what you think would be.
  • #789,837
  • Apr 18, 2013 11:02am Apr 18, 2013 11:02am
Quoting 5percent
Here's my positive hedging.
Your broker may be proud of you because you gave them double charge on spread.
I don't see any advantage of it except keep pumping your balance instead of equity.
You cannot learn better without losing
  • #789,838
  • Apr 18, 2013 11:02am Apr 18, 2013 11:02am
Quoting vlady1974
Thank you for sharing this 5%! I've never thought of it applying a hedge/counter-trend in this way. Brilliant! 2 really good ideas today on this thread! Wow!
This can't be done on anti-hedging brokers or market makers most of the time. So pick a broker that's hedge-able. And don't be surprise , they will be really mad at you for not closing trades, and having positive equity > balance by high %.

Sometimes, i let the breakout happen instead, with a few hundred pips until trend line is broken and obvious key resistance/support is spotted to an end of a trend, and close the one in green, to increase my balance, then counter the flow, and retraces back and exit with smaller losses and on going profits .

This requires patience and unbias-ness in direction.

Now that this is shared, i am sure most bucket shops brokers will fear this technique as they cant deal against you anymore unless one really suck till margin call.
  • #789,839
  • Apr 18, 2013 11:03am Apr 18, 2013 11:03am
Quoting forexings
Your broker may be proud of you because you gave them double charge on spread. I don't see any advantage of it except keep pumping your balance instead of equity.
spread is lesser than 1 pip, probably just 0.7, no harm done. I would give them than to see my trade go green then red just because i refused to take profit.

A rumor/myth that i heard is that thought more than 75% of retail clients are being actively counter-trade by their existing brokers? Since they can easily earn the trader's account rather than mere commissions which is also why BONUS are given to increase client's appetite for leverage. Bonus requires terms and conditions as far as i know. Even if a broker gives the trader 100% bonus on a $1000 account deposits. It requires 1 lot trade just to earn $1 to be withdraw-able on most brokers. And commonly, trading bonus will be withdrawn by broker back quickly upon real deposits slides to stop out level. So most broker are in deed trying their best to make every new client a gambler.


. Even if they claimed ECN/STP etc. Most account managers will classify their clients into different category, deal-able etc. Especially, brokers giving client the power to trade 1:400 and more, so far i haven't seen high leverage manage to sustain, even with initial % up to few thousands will eventually margin call.




Why would i earn 1 lot's spread @ maybe 1-2 pips about $20 at most? When i can earn a gambler-trader's account instead, and have him continuously topping up his account? I am talking about general trader not the veteran / seasoned ones. As i am sure quite a lot of traders still continue to top up with their brokers after continuous attempts to revenge their losses / profits.
  • #789,840
  • Apr 18, 2013 11:04am Apr 18, 2013 11:04am
Quoting 5percent
You just locked in losses that's all, not as bad as letting one and many collapsed losers run all the way and adding to losers. Scalping - Tentatively is to close a trade within a short period of time commonly few seconds to few minutes at most, trading burst of breakout in 1-5 mins time frame candlestick that moves more rapidly then another. Any trades that's more than 10 minute without a stop loss or take profit target ain't scalping anymore, that's more like position taking / trading / investing. Scalping requires volatility or differ sessions,...
Your last paragraph is good for traders who hedge. But, prefer exiting for loss than hedging opening more positions, all causes unnecessary damage and waste of time, with that time you can cover your loss and profit.
Trade according to current market condition, not what you think would be.
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