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Xandi mysterious Pyramid

  • #981
  • Edited 4:17pm Aug 17, 2013 3:54pm | Edited 4:17pm
Quoting palinkasa
{quote} Agree,but fascist are predictable,commies are not. Anyway,congrats for this great work !
...any type of oppression and violence on vulnerable people must be fighted immediatly, by all world, with extreme consequences to the agressors...we have to shout our voice laud, and finnaly stop horrible situations occuring in many parts of the planet...and it´s irrelevant if is from right or left politic ideology...long time ago the debate is not political, it´s all around partidary interests and favours, camouflaged by suppgoosed "ideology political"...bullshit...and Ocident with more developed nations are simply Hipocrit...I have lost my faith on this a while time ago...but I find some ideologys interesting to a better world, but mostly utopic..this one in Europe favours the dissimilarity by corruption, and not´s good, not even a easy thing to fight...

regarding trading, we are here to improve ourselfs, by learning and sharing experience Live...

ps: Gumrai, if I buy audusd and buy eurjpy, since these pairs lately has negative correlation, it´s considered hedging?

thanks for your words, thanks for following, we we´ll be stronger together..
  • #982
  • Aug 17, 2013 4:08pm Aug 17, 2013 4:08pm
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  • #983
  • Aug 17, 2013 5:04pm Aug 17, 2013 5:04pm
Quoting xandi
{quote}... ps: Gumrai, if I buy audusd and buy eurjpy, since these pairs lately has negative correlation, it´s considered hedging?
The way I see it, no.
I believe that correlation in forex should only be noted for assessing risk.
Eg. if a strategy indicates taking a long position on both EURUSD and GBPUSD, you may consider reducing position size, if entering both trades.This is because they are considered correlated.
Actually they are only correlated because sudden strengthening of the USD would negatively affect both positions.
If they were truly correlated, then the EURGBP chart would show an almost flat line and this is not the case.

Say that you wanted to buy shares in a pharmaceutical company that is quoted on the S&P500.
Now, you know that, at times the S&P500 may tumble and this affects the price of companies that are performing well, not just the poorly performing.
This doesn't really make sense, but it happens.
So you may decide to limit your risk by buying the shares in the pharmaceutical company and also either shorting the S&P500 or shorting the pharmaceutical sector.
As long as the company out-performs its peers and/or the index, you will make a profit, but will be protected from losses if the index falls dramatically.
THAT is hedging.
Please Do Not PM Me With Coding Enquiries
  • #984
  • Edited 7:08pm Aug 17, 2013 5:35pm | Edited 7:08pm
Quoting Gumrai
{quote} The way I see it, no. I believe that correlation in forex should only be noted for assessing risk. Eg. if a strategy indicates taking a long position on both EURUSD and GBPUSD, you may consider reducing position size, if entering both trades.This is because they are considered correlated. Actually they are only correlated because sudden strengthening of the USD would negatively affect both positions. If they were truly correlated, then the EURGBP chart would show an almost flat line and this is not the case. Say that you wanted to buy shares...
perfect explanation!!! hopefully now this issue is clear...the type of "hedging" which many uses here at FF, with cross position on same pair, is useless (imo)... the real Hedging, by opposite, is very useful! thanks for clarifying things!

ps: other thing useful is, for example, if I realized that 2 pairs are positive correlated, I can enter half position on each, to assure I realize profit at least in one pair!...basic concept, using correlation to divesrifiy risk...
  • #985
  • Edited 7:49am Aug 19, 2013 7:22am | Edited 7:49am
gooood morning traders!!!!! another week ahead!!!!hoppefully with lot of candyes!!!

my levels are 9105 // 9015 ... good trades!
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  • #986
  • Aug 19, 2013 8:16am Aug 19, 2013 8:16am
Quoting xandi
{quote} thanks bro!! welcome!! you should find your equilibrium in Demo account, because as this system is nearly automated, means trading without emotion with pending orders, there´s no such difference between Live or Demo. I´m using the Strateggye summary, with some details you can find on some pages, like that one of finding the reinforcement 100 pips below neckline, as I showed this night, why I had the pending buy at 9040! If some pair dropped a lot lot of pips and it´s now faraway from cloud or MA200, specialy on 4hTF, less (but) relevat on...
Hi Xandi,

I'm reading your thread and I need to congratulate you.

Nice Pyramid strategy.

Now I am in post #282. For me it post summarize all the strategy.

Do you use now totally equal the strategy.

The best for you and your family!!!
Enter Signature
  • #987
  • Edited 10:12am Aug 19, 2013 8:33am | Edited 10:12am
Quoting maudur
{quote} Hi Xandi, I'm reading your thread and I need to congratulate you. Nice Pyramid strategy. Now I am in post #282. For me it post summarize all the strategy. Do you use now totally equal the strategy. The best for you and your family!!!
thanks for your gongrats!! all the best to yours too!!!

yes, I take this odissey to write the strategye, it was the main propossite, along to share, and to improve it at is best, and I can tell now the strategy summary is like a bible .. at least used on normal pair (the */jpy mooves almost the double, so the strategye must be differt on levels...)


so I use equal the strategy, minus the leverage, because nowadyas I´m waiting a deposit so I´m using more leverage than the required for this...
so welcome bro!!!!!
  • #988
  • Edited 11:23am Aug 19, 2013 10:32am | Edited 11:23am
going down!!! hold tight to your kayak, the waters are rebel!!!...waterfall to next level = 9105
  • #989
  • Edited 12:38pm Aug 19, 2013 11:42am | Edited 12:38pm
Quoting xandi
going down!!! hold tight to your kayak, the waters are rebel!!!...waterfall to next level = 9105
pending order triggered...TP => BE
  • #990
  • Aug 19, 2013 2:25pm Aug 19, 2013 2:25pm
it might sound stupid but what is BE?
Walla Maybe ya Habibi
  • #991
  • Aug 19, 2013 3:23pm Aug 19, 2013 3:23pm
Quoting Tmsago
it might sound stupid but what is BE?
lol BE = Break even, and no it does not sound stupid.
  • #992
  • Aug 20, 2013 5:55am Aug 20, 2013 5:55am
Quoting xandi
gooood morning traders!!!!! another week ahead!!!!hoppefully with lot of candyes!!! my levels are 9105 // 9015 ... good trades! {image}
9105 worked beautiful for mine 15% day

9015 missed by 10 pips!!! snifff

ps: TMsago, you are good company here, grab another glass, and...at least read careful the 1st post on 1st page!!!! there you got explanation about Break Even!
  • #993
  • Edited 6:14am Aug 20, 2013 5:58am | Edited 6:14am
and now courtesy of our beloved Tmsago, a friendly welcome & good morning from arabia lands!
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"Nineveh was one of the oldest and greatest cities in antiquity. The area was settled as early as 6000 BC and, by 3000 BC, had become an important religious center for worship of the Assyrian goddess Ishtar. "

ps:there´s a poll on 1st page, I´m not seeing you voting...
  • #994
  • Aug 20, 2013 9:51am Aug 20, 2013 9:51am
bah, could be much better trades, while trading with higher leverage is being negative to me...i´ll try to deposit today to end this leverage..
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  • #995
  • Aug 20, 2013 10:21am Aug 20, 2013 10:21am
Im also on board but on GBP/CAD. Im shorting...
  • #996
  • Aug 20, 2013 1:11pm Aug 20, 2013 1:11pm
Quoting midnight
Im also on board but on GBP/CAD. Im shorting...
I´m short but not for so long..I want to buy again lower...I remember Davit talking about gbp/cad...going to look! gl ★
  • #997
  • Aug 21, 2013 3:01am Aug 21, 2013 3:01am
Xandi, are you aware, that you have two equal pending orders running now?
  • #998
  • Edited 7:08am Aug 21, 2013 4:17am | Edited 7:08am
Quoting chjungen
Xandi, are you aware, that you have two equal pending orders running now?
its for you to know im going to double there joking, it was a timeout problem...

ps: welcome back bro, from Thailand, the land of coders!!!
  • #999
  • Aug 21, 2013 6:22am Aug 21, 2013 6:22am
hello, txs to share your strategy but i'm not sure to understand how you proceed with TP

if you have TP @ 50 pips from entry for example and if price goes 30pips in your direction and after changes direction, what's your reaction ?
depends of the market situation and if we are at beginning or end of the pyramid i guess? or you have absolute confidence in pyramid and you let it run ?

money management is the key so i would like to be sure to understand

and congrat for your results
  • #1,000
  • Aug 21, 2013 6:40am Aug 21, 2013 6:40am
Quoting thomasz1
hello, txs to share your strategy but i'm not sure to understand how you proceed with TP if you have TP @ 50 pips from entry for example and if price goes 30pips in your direction and after changes direction, what's your reaction ? depends of the market situation and if we are at beginning or end of the pyramid i guess? or you have absolute confidence in pyramid and you let it run ? money management is the key so i would like to be sure to understand and congrat for your results
hello thomasz!!! the strategy is/will be all automated..if the TP is 50 pips, I´ll wait to reach it...when we mix the strategy with emotion, it goes bad..for example this morning, I wanted to catch those 50 pips, but because badly issues on my trading lately (high leverage), I jumped off with only 10 pips...now I´m scalping with only price action, and I hate scalp, it´s completely out of the strategy!!! I have to left this bad habit I´m readquiring lately...
as you said, money management is the key, and my focus is on that!!!!
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