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  • #1,054,301
  • Feb 3, 2016 11:12pm Feb 3, 2016 11:12pm
Quoting geektrader
{quote} Before wasting your money you should first learn the basics of trading. If you are getting margin called if you dont hedge your EURUSD short, you trade WAY to high risk/leverage, you do not want to risk more than 2% per trade usually, with a set stop loss from the very BEGINNING. Your question shows you dont know the absolute basics, yet already trade real money. Thats asking for losing all your money my friend. Go to www.babypips.com and learn the basics of forex-trading first.
hello
i think hedging is good idea do it and all analysis result shows 1.1200 is target then move down again
all of us did mistake i like when someone ask help either you help or keep calm
3nx
  • #1,054,302
  • Feb 3, 2016 11:13pm Feb 3, 2016 11:13pm
Quoting ratbotrader
Need some advice here, I entered short position way too early average @ 1.10368. Is it advisable to use hedging (enter buy trade but not equal to the lots I shorted) so just to offset some margin to avoid margin call if it goes 1.12 or higher. Thanks in advance.
hello
i think hedging is good idea do it and all analysis result shows 1.1200 is target then move down again
all of us did mistake i like when someone ask help either you help or keep calm
3nx
  • #1,054,303
  • Feb 3, 2016 11:17pm Feb 3, 2016 11:17pm
Quoting Ken A
2% x 50 = good bye
Nope, thats a typical faulty idea about percentage-calculations. It will take a lot more than 50 x 2% to get to a 0 balance, it virtually can never get there if there would be no min-lot-size in Forex, if the trades are done in a row and not in parallel (only then it could happen), since the next trade is always in relation to the current account balance, which is 2% lower after any trade hit the 2% loss target each time. So for each subsequent trade the lot-size, and hence the the 2% loss in terms of deposit currency, will go down accordingly, this will repeat forever until lot-size would have to be 0.000001 and so on and so on. The balance can never reach 0, but of course it would at some point make no sense to continue trading cents (even if heŽd use Oanda without min-lot-size restrictions)
  • #1,054,304
  • Feb 3, 2016 11:20pm Feb 3, 2016 11:20pm
Quoting forexer11
{quote} hello i think hedging is good idea do it and all analysis result shows 1.1200 is target then move down again all of us did mistake i like when someone ask help either you help or keep calm 3nx
We are calm, I am just recommending him to learn the Forex trading basics before trading his real money any further, because he will otherwise just lose it, as you can already read from that kind of question he asked.
  • #1,054,305
  • Feb 3, 2016 11:49pm Feb 3, 2016 11:49pm
Quoting ptoftangency
{quote} At least you didn't loose this bad... {image}
It's pretty common for him.. Wait and Watch, most of the position will be in profits and more importantly the month will be in profit too.

Also, that loss ain't much compared to what he has gained over these past 2 years.
Losers Hope, Winners Believe
  • #1,054,306
  • Feb 4, 2016 1:07am Feb 4, 2016 1:07am
Quoting KiwiTrada
{quote} another test 0f 6679 Kiwi, lst 4hr candle was a wtf candle
what say we have another try bulls??
If you are new to Forex? Say Goodbye to your account!!
  • #1,054,307
  • Feb 4, 2016 1:09am Feb 4, 2016 1:09am
Quoting gatorinla
{quote} i may be wrong. but you know why i went short.. one of the few.
I am short also. That candle is way overextended on a D1 basis and will retrace back to at least the midpoint I think.
If you are good at something, never do it for free--Joker
  • #1,054,308
  • Feb 4, 2016 1:10am Feb 4, 2016 1:10am
Quoting ratbotrader
Need some advice here, I entered short position way too early average @ 1.10368. Is it advisable to use hedging (enter buy trade but not equal to the lots I shorted) so just to offset some margin to avoid margin call if it goes 1.12 or higher. Thanks in advance.
Yesterday was not a typical day. If your average is at 1.1036 you are 44 pips away from break-even and 120 pips away from ruin (at 1.1080). Decide a place where to partially hedge the position if you believe and see that will go up. Also you may take a loss on the lower adds to preserve the top ones. Trading is a business of probabilities. And each person method of trading is personal. You must discover yours.

On the other hand, if one trade means margin call if the price goes against you, it means you are too leveraged in your trading and you add-ins are too big or too many. You are adding in the wrong places too often. Decide how many add-ins is too many and decide where you have to admit that you are wrong. Also learn how to scale out.

Good luck. If it will end good is a lesson learned and you will live to trade another day. If it will end bad is a lesson learned too.
If you're not part of the solution then you're part of the problem.
  • #1,054,309
  • Feb 4, 2016 1:11am Feb 4, 2016 1:11am
Quoting Shiv999
{quote} It's pretty common for him.. Wait and Watch, most of the position will be in profits and more importantly the month will be in profit too. Also, that loss ain't much compared to what he has gained over these past 2 years.
I know, his 7 accounts look to be over ~5-6M. I don't feel like doing the exchange conversion on his other accounts but obviously he can manage. I merely posted his draw down for the awe factor. I don't follow him, I just like to see how people manage large accounts, and I wonder about one's psych during those large draw downs.
  • #1,054,310
  • Feb 4, 2016 1:15am Feb 4, 2016 1:15am
Quoting ptoftangency
{quote} I know, his 7 accounts look to be over ~5-6M. I don't feel like doing the exchange conversion on his other accounts but obviously he can manage. I merely posted his draw down for the awe factor. I don't follow him, I just like to see how people manage large accounts, and I wonder about one's psych during those large draw downs.
I agree... I have been following him and every now and then he gets stuck with this kinda trades BUT manages to get outta it profitably... I have learned 1 thing from him "Patience is the Key"
Losers Hope, Winners Believe
  • #1,054,311
  • Feb 4, 2016 1:20am Feb 4, 2016 1:20am
I will see how this greedy bull manage to save its ass right now. Limitless spike leads huge drop isn't anything new. When bull get's boost bear players take the flip side to pump it by breaking important resistance then dump it by crossing old resistance. What a nice trick
You cannot learn better without losing
  • #1,054,312
  • Feb 4, 2016 1:23am Feb 4, 2016 1:23am
Morning,

Waiting Draghi and exchanges to open. Some positions closing on eurusd mainly, crosses mostly untouched.

Dip at 55/65 unless goes through, then aroundbouts 1.1030 for buyers.

Take care.
They think they are smarter than I am.
  • #1,054,313
  • Feb 4, 2016 1:26am Feb 4, 2016 1:26am
Quoting rahulkghosh
{quote} Still looking for 1.11+.
I'm not here to give you advice, nor I assume do you really want/need any. Take this for whatever it's worth to you...

Good call. So you made this quote the end of January and within a week it shot up triple digit pips up and over your target.

You've made calls that EUR was going to explode which it did for now and may again later.

The question is, why is this not reflected in your EA? You've made posts about how you added all these exotics including many EUR pairs that most don't touch unless they specialize in making a market in those markets.

It's seems you have some brilliant ideas. There's no doubt about it. However, there seems to be a huge disconnect between your analysis/methodology and your EA/methodology. Until that conflict and gap is resolved, there will always be a disconnect between what you predict and what your EA picks up and trades off of. Usually there is always a gap between manual analysis and EA execution, however, sadly, your brilliant call(s) are not even close to being represented in your mechanical/semi-mechanical trading. Others here will knock your leveraging, however, I understand what you are trying to do with leverage and the risks you are willing to take. With that kind of leveraging and RR, one could be at 33% win rate and still bank boatloads, so lowering your leverage, as you have seen this week is only part of the solution. Perhaps, if your EA method allows manual intervention, you should consider just letting it fly as is, as programmed with the original algos left untouched? If you're willing to go to 80% DD with it, why fiddle with the automated trades?

Another consideration is that your EA when originally conceived was not originally designed or tested consistently across so many multiple instruments. Adding those could be a critical mis-step.

I just know from making/trading my own high lev EAs that there is much more to trading profitably with an EA than just leveraging properly, and also how numbing it can be to lose 5 figure equity in a week. If you have the money in the bank and don't really care it's also dangerous, because you become apathetic and treat the algo/MM/Markets lightly, which is always a prelude to losing more.
  • #1,054,314
  • Feb 4, 2016 1:29am Feb 4, 2016 1:29am
perhaps some R in the usdjpy at 118.87, might take a crack there at some shorts, everything else is blown to hell levels wise for me this week...
Look Sharp/Trade Tight
  • #1,054,315
  • Feb 4, 2016 1:40am Feb 4, 2016 1:40am
dow spot gapped up nearly 100 points...will be interesting to see how other USD markets trade and with how much correlation, and how far, while the stock market tries to fill the gap back down.

if it doesn't fill, which dow spot tends to do on some days, it could potentially be an island reversal going up for now.

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  • #1,054,316
  • Feb 4, 2016 1:49am Feb 4, 2016 1:49am
dragass in 10, what a dickhead
If you are new to Forex? Say Goodbye to your account!!
  • #1,054,317
  • Feb 4, 2016 1:55am Feb 4, 2016 1:55am
Quoting KiwiTrada
dragass in 10, what a dickhead
There is no mention of his speech for today on the ECB's page...
Why sell the bottoms when you can buy the tops...
  • #1,054,318
  • Feb 4, 2016 1:55am Feb 4, 2016 1:55am
Quoting KiwiTrada
dragass in 10, what a dickhead
Nothing financial on his radar......is there???
  • #1,054,319
  • Feb 4, 2016 1:56am Feb 4, 2016 1:56am
will Draghi be the trigger for a pullback to such an extended move? We will wait and see. Technically, EU should return to 1.103x/1.102x. It can happen, but the previous day candle was way too bullish, so this should be a bear day. I think we have two scenarios, straight down to 1.1030 or a push up then a failure at the highs.
  • #1,054,320
  • Feb 4, 2016 1:56am Feb 4, 2016 1:56am
For whatever it's worth...USDX may be *close to* bottoming out here, if it is...y'all know what happens.

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