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  • #978,061
  • Apr 6, 2015 8:35pm Apr 6, 2015 8:35pm
Fxtyrant: Are you sure you are not in the trap of marrying to your open positions? ?? Can you explain why you don't use stop loss knowing the fact that many people follow you. By the way I don't follow anybody s trade. ..I am not starting an argument here just want to know your plans to cut the loss when things don't work as you very well know nobody in the world can do this with 100 percent win rate for long time. ...You are one of the very few who walk the talk. what happened to all the charlatans here? ?? Why are you guys not posting? ?? Navk?? Gonorrhea or gatorinla or something? ??? Come guys post your stupid analysis. ..ee=ant;8188440]{quote} Best of luck byout... Need more peeps like you here To much people talking here and not really showing any performances Btw grow it slowly... Small balances are tough to grow...[/quote]
  • #978,062
  • Apr 6, 2015 8:37pm Apr 6, 2015 8:37pm
Quoting Xxavier
Fxtyrant: Are you sure you are not in the trap of marrying to your open positions? ?? Can you explain why you don't use stop loss knowing the fact that many people follow you. By the way I don't follow anybody s trade. ..I am not starting an argument here just want to know your plans to cut the loss when things don't work as you very well know nobody in the world can do this with 100 percent win rate for long time. ...You are one of the very few who walk the talk. what happened to all the charlatans here? ?? Why are you guys not posting? ?? Navk??...
[/quote]

i never cut a trade, i usually practice proper MM, MM that allows me room to find opportunities to carry a trade for an extended period of time. if you notice the way i hold onto the EURUSD trade. the EURUSD trade alone never got to 10% drawdown....
the key is not to get stopped out. but rather to "manage the trade"
i also happen to trade forward options to minimise my spot trading risks.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #978,063
  • Apr 6, 2015 8:37pm Apr 6, 2015 8:37pm
Quoting Xxavier
Fxtyrant: Are you sure you are not in the trap of marrying to your open positions? ?? Can you explain why you don't use stop loss knowing the fact that many people follow you. By the way I don't follow anybody s trade. ..I am not starting an argument here just want to know your plans to cut the loss when things don't work as you very well know nobody in the world can do this with 100 percent win rate for long time. ...You are one of the very few who walk the talk. what happened to all the charlatans here? ?? Why are you guys not posting? ?? Navk??...
Do you want me to pour you another drink Sir?
The Thief of Wall Street
  • #978,064
  • Apr 6, 2015 8:39pm Apr 6, 2015 8:39pm
Yes please
Quoting Chicky
{quote} Do you want me to pour you another drink Sir?
</p>
  • #978,065
  • Apr 6, 2015 8:45pm Apr 6, 2015 8:45pm
When you say managing you mean hedge the position with other pairs to minimize the loss?? Did it work for you before? ?
Quoting fxtyrant
{quote}
i never cut a trade, i usually practice proper MM, MM that allows me room to find opportunities to carry a trade for an extended period of time. the key is not to get stopped out. but rather to &quot;manage the trade&quot; i also happen to trade forward options to minimise my spot trading risks.[/quote]
  • #978,066
  • Apr 6, 2015 8:47pm Apr 6, 2015 8:47pm
Quoting Xxavier
Yes please{quote} </p>
Omar Khayyam, a Persian mathematician, astronomer, philosopher, and poet. ....... http://en.wikipedia.org/wiki/Omar_Khayy%C3%A1m

https://encrypted-tbn2.gstatic.com/i...Ov1eU1qlnFCarm
The Thief of Wall Street
  • #978,067
  • Apr 6, 2015 8:50pm Apr 6, 2015 8:50pm
Never mind you answered it already
Quoting Xxavier
When you say managing you mean hedge the position with other pairs to minimize the loss?? Did it work for you before? ? {quote} i never cut a trade, i usually practice proper MM, MM that allows me room to find opportunities to carry a trade for an extended period of time. the key is not to get stopped out. but rather to &quot;manage the trade&quot; i also happen to trade forward options to minimise my spot trading risks.
[/quote]
  • #978,068
  • Apr 6, 2015 8:50pm Apr 6, 2015 8:50pm
Quoting Xxavier
When you say managing you mean hedge the position with other pairs to minimize the loss?? Did it work for you before? ? {quote} i never cut a trade, i usually practice proper MM, MM that allows me room to find opportunities to carry a trade for an extended period of time. the key is not to get stopped out. but rather to &quot;manage the trade&quot; i also happen to trade forward options to minimise my spot trading risks.
[/quote]

I read some guy (on another thread) who does "averaging", where if price goes a certain distance against his position, he ADDS to it so to keep the price relatively close. Keeps doing that as often as necessary, until the price (hopefully) finally comes all the way back. I can see that working if you only have to do it once or twice... but more than that it seems to me it can get real dangerous.
  • #978,069
  • Apr 6, 2015 8:53pm Apr 6, 2015 8:53pm
Quoting Ken A
{quote} My 225 short just got kicked out still looking to short to protect the long not ready to close it yet {image}
GA back to 1.9186 ST... :nerd:
  • #978,070
  • Apr 6, 2015 8:54pm Apr 6, 2015 8:54pm
Quoting Xxavier
When you say managing you mean hedge the position with other pairs to minimize the loss?? Did it work for you before? ?
Quote
i never cut a trade, i usually practice proper MM, MM that allows me room to find opportunities to carry a trade for an extended period of time. the key is not to get stopped out. but rather to &quot;manage the trade&quot; i also happen to trade forward options to minimise my spot trading risks.
of course it works if you know what you're doing.....
and as i said i also have forward options in play. european ones, where i hold till the day of execution whether i want to execute or not. up to me.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #978,071
  • Apr 6, 2015 8:58pm Apr 6, 2015 8:58pm
Quoting fxtyrant
{quote}{quote} of course it works if you know what you're doing..... and as i said i also have forward options in play. european ones, where i hold till the day of execution whether i want to execute or not. up to me.
Just one question................ What is the best way to know what I am doing?
The Thief of Wall Street
  • #978,072
  • Apr 6, 2015 9:05pm Apr 6, 2015 9:05pm
Quoting Chicky
{quote} Just one question................ What is the best way to know what I am doing?
How would i know the best way for you to know what you are doing??

Inception morning ....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #978,073
  • Apr 6, 2015 9:06pm Apr 6, 2015 9:06pm
Quoting fxtyrant
{quote} How would i know the best way for you to know what you are doing?? Inception morning ....
Good.

The last question is if I know what I am doing, how to know what the market is doing? ................... but one thing I know is that eurusd will hit 1.0972 in few hours.
The Thief of Wall Street
  • #978,074
  • Apr 6, 2015 9:13pm Apr 6, 2015 9:13pm
20min to aud release, question could be has he .25 cut already priced in?? be nice to get out of east, daily trend is down cheapest stoploss is north au nz missed parity by 19pip so far, could be interesting with todays release,
If you are new to Forex? Say Goodbye to your account!!
  • #978,075
  • Apr 6, 2015 9:15pm Apr 6, 2015 9:15pm
Quoting KiwiTrada
20min to aud release, question could be has he .25 cut already priced in?? be nice to get out of east, daily trend is down cheapest stoploss is north au nz missed parity by 19pip so far, could be interesting with todays release,
Very interesting for sure... expecting AUD strength... but it's a dangerous game... weakest link.
  • #978,076
  • Apr 6, 2015 9:17pm Apr 6, 2015 9:17pm
i'll dump usd it if remains at 2.25
  • #978,077
  • Apr 6, 2015 9:18pm Apr 6, 2015 9:18pm
Hopefully 1.0880 in a few hours or in a day and 1.0785 by the end of the week. Sooner would be nice. 1.0510 to 1.0470 a good mid-term target.
  • #978,078
  • Apr 6, 2015 9:25pm Apr 6, 2015 9:25pm
Quoting Ck87
{quote} Very interesting for sure... expecting AUD strength... but it's a dangerous game... weakest link.
yep been east since beginning feb be nice to get her moving again, my guess is north, marker for south is 7531
If you are new to Forex? Say Goodbye to your account!!
  • #978,079
  • Apr 6, 2015 9:25pm Apr 6, 2015 9:25pm
Quoting KiwiTrada
20min to aud release, question could be has he .25 cut already priced in?? be nice to get out of east, daily trend is down cheapest stoploss is north au nz missed parity by 19pip so far, could be interesting with todays release,
No rate cut in my opinion, the US dollar is going down on it's own, no need to lower the aussie.
  • #978,080
  • Apr 6, 2015 9:27pm Apr 6, 2015 9:27pm
think AN long is one of the best currency plays right now in more long term horizon...ST/today is anyone's guess..
Quoting KiwiTrada
{quote} yep been east since beginning feb be nice to get her moving again, my guess is north, marker for south is 7531
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