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  • #1,001
  • Sep 9, 2016 4:35pm Sep 9, 2016 4:35pm
Quoting RoelsMajor
{quote} The problem with Weekly/Monthly trading is You need to have well (if not big) capital to hold the floating loss. Off course depend on the risk size and more positions you added. The problem with the hedge (short term hedge) You need to know (approximately) where is the bottom and the top of the range.
I have greatly decreased my leverage to average about 2:1. This is why I am green in pips, but not quite yet overcome draw-down. But getting close...

Regarding hedging, I just look for setups. The hedging occurs automatically. For example, if gold looks like it will drop, I look for USD buy setups.

This is why I'm in positive with UJ right now, since I did see potential for this gold/silver drop. My only mistake is not leveraging really enough on my USD buys. However, I am still okay with it, since I just want to cushion myself a little bit, and I feel like I can come out ahead eventually.

I'm +1200 pips past 2 weeks. We'll see how it goes, and if I can continue this success...
  • #1,002
  • Sep 9, 2016 4:58pm Sep 9, 2016 4:58pm
for me a disaster week, not for my thought trades but for my stupi and emotional trades. almos -30% , but is really -10%, i started this account with 333 bucks and im 305 bucks. So monday will be a new week for me and a new opportunity to control my emotions.


Great weaken for all of you, we are a big family.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,003
  • Sep 9, 2016 5:16pm Sep 9, 2016 5:16pm
Quoting RoelsMajor
{quote} The problem with Weekly/Monthly trading is You need to have well (if not big) capital to hold the floating loss. Off course depend on the risk size and more positions you added. The problem with the hedge (short term hedge) You need to know (approximately) where is the bottom and the top of the range.
I think about hedge in general, is more important make it with others pairs. In this way you dont have worry about when pair will swing. I recover small account making this. Really I recover all my accounts in this way
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PS: I had almost 20€ DD before close week with profit. I had 2 bad trades ( EURUSD/GBPUSD ) but playing with opposite entries and letting run DD sometimes when I didnt know if price will swings
Try don't lose pants never...
  • #1,004
  • Sep 9, 2016 6:58pm Sep 9, 2016 6:58pm
Quoting benaiah
{quote} Difficult question. Depends on what time frame you are looking at. As far as intra-day, if you have small targets, you could pick just about anything with tight spread. Even Ucad, if you are only going for 5-20 pips. For me, I focus on higher time frames, and don't care how long I hold a position. Could be an hour or a month. But I don't really see anything with strong trend right now, and volatility is very high, so I've been primarily trading reversals. For long term trend, next 7-10 years, I'm bullish on Gold/Silver...
Very interesting, I don't think I have the patience for the longer trades. Seems I always get stopped out even if it goes my way 40 - 50 pips, I would love to be able to bag 100+ pip trades regularly. 5-20 pips might not be sexy as 100 + but I'm pretty consistent at it and for me that is what matters.

I was looking over gold and silver and it looks like if the metals take off I think silver will outperform gold. Best of luck with it I'm going to stick with my bread and butter trades
  • #1,005
  • Sep 9, 2016 7:22pm Sep 9, 2016 7:22pm
Quoting teton
{quote} Very interesting, I don't think I have the patience for the longer trades. Seems I always get stopped out even if it goes my way 40 - 50 pips, I would love to be able to bag 100+ pip trades regularly. 5-20 pips might not be sexy as 100 + but I'm pretty consistent at it and for me that is what matters. I was looking over gold and silver and it looks like if the metals take off I think silver will outperform gold. Best of luck with it I'm going to stick with my bread and butter trades
Whatever works. I used to think I was an intra-day trader/scalper and that's all I'd need to do. But a professional trader with 20 years experience asked me, why would I limit myself to only making money by short term intra-day trades? Why not make money while also while I sleep? So, now I won't say I'll never go for a quick profit, but I'm primarily working on my "make money while I sleep" game. We'll see how it goes. The year is long...
  • #1,006
  • Sep 9, 2016 7:44pm Sep 9, 2016 7:44pm
Quoting benaiah
{quote} Whatever works. I used to think I was an intra-day trader/scalper and that's all I'd need to do. But a professional trader with 20 years experience asked me, why would I limit myself to only making money by short term intra-day trades? Why not make money while also while I sleep? So, now I won't say I'll never go for a quick profit, but I'm primarily working on my "make money while I sleep" game. We'll see how it goes. The year is long...
I know I leave profit/ pips on the table but what I have a hard time with is the drawdown on my account, and to be honest its the worst feeling in the world for me. I can deal with a trade going another 100+ pips even when I close after 5 but hard to sit through the -200 pip trades. I know I'm 80% on my trades but its always been the 2 or 3 trades I let run that kill me. I don't usually have a hard stop but I have a rule that after 24 hours I cut it loose and the trade is done , unless its close to coming back. My mindset is there is no more pain with this trade , It cant hurt me and it cant help me

There is certainly nothing wrong with bagging 5- 10 pips in a trade, or a day , even a week !
  • #1,007
  • Sep 9, 2016 8:02pm Sep 9, 2016 8:02pm
further on the U/C trade to me it looks like its reaching higher and it doesn't want to retrace yet. I think we can see another leg higher, and usually when price closes at the high of the day its going up, up, up ! Just not sure on the start of the new week, best chance would be if this was mid week. Lets see what happens
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  • #1,008
  • Sep 9, 2016 8:27pm Sep 9, 2016 8:27pm
Quoting teton
further on the U/C trade to me it looks like its reaching higher and it doesn't want to retrace yet. I think we can see another leg higher, and usually when price closes at the high of the day its going up, up, up ! Just not sure on the start of the new week, best chance would be if this was mid week. Lets see what happens {image}
maybe the USD rally will carry it up? who knows? But if so, then I'm happy, since it also means my UJ trade is also probably going up

hope your trade works out
  • #1,009
  • Edited 2:25am Sep 10, 2016 12:14am | Edited 2:25am
Quoting teton
further on the U/C trade to me it looks like its reaching higher and it doesn't want to retrace yet. I think we can see another leg higher, and usually when price closes at the high of the day its going up, up, up ! Just not sure on the start of the new week, best chance would be if this was mid week. Lets see what happens {image}
I think it will be nice to book some profits (at least for 50 to 75 pips) and let 25 to 50 pips if Price Run. See what happen with Your GJ. Take profit at some point will preserve Us the capital need for tomorrow. At least that We did as Intra Day Trader. Hold position during weekend sometimes could be dangerous.

U/Cad Zone of Consolidation. The Zone of Distribution or the Zone of Accumulation? Still don't know yet. But if the Zone is not too long, then it will be nice further move to the north.
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Meditation All Time Return: 8.9%
  • #1,010
  • Sep 10, 2016 12:19am Sep 10, 2016 12:19am
Hello all, I've got an event driven experiment that I hope to be profitable over the next 2-3yrs. Post-brexit cable swings.

Would like to join the journey you all are taking for the 1st year of, 'hopefully', profitability.

TE in sig. TS pls let me know if any other requirements.

Cheers.
  • #1,011
  • Edited 2:11am Sep 10, 2016 12:28am | Edited 2:11am
Quoting benaiah
{quote} maybe the USD rally will carry it up? who knows? But if so, then I'm happy, since it also means my UJ trade is also probably going up hope your trade works out
Yeah Probably. UJ will going full speed to 104.00 if it could breaks 103.00 Barrier.

Quoting teton
{quote} I know I leave profit/ pips on the table but what I have a hard time with is the drawdown on my account, and to be honest its the worst feeling in the world for me. I can deal with a trade going another 100+ pips even when I close after 5 but hard to sit through the -200 pip trades. I know I'm 80% on my trades but its always been the 2 or 3 trades I let run that kill me. I don't usually have a hard stop but I have a rule that after 24 hours I cut it loose and the trade is done , unless its close to coming back. My mindset is there is no...
During this journey, I had the same experience. GU Over-leverage with 100 to 150 pips SL per position. No. Not again. Just take One blow to kill U All.

I set My basic criteria to 1:1 Initial RR based on 1/3 Average Daily Range. So like GU ADR recently is 113 = 38 Pips STOP.

We are trading in M15 or H1 based on H4 or Daily Guide, A lot noisy on this TF. But if something wrong, We still have a chance to Re-entry.

And the pips mean nothing without "the right choose of percentage".
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Meditation All Time Return: 8.9%
  • #1,012
  • Sep 10, 2016 12:57am Sep 10, 2016 12:57am
Quoting RoelsMajor
{quote} The problem with Weekly/Monthly trading is You need to have well (if not big) capital to hold the floating loss. Off course depend on the risk size and more positions you added. The problem with the hedge (short term hedge) You need to know (approximately) where is the bottom and the top of the range.
my observation also at weekly tf, and h1 for entry/exit spots
3Some Candle TacticaL
  • #1,013
  • Sep 10, 2016 1:06am Sep 10, 2016 1:06am
Quoting braintheboss
{quote} I think about hedge in general, is more important make it with others pairs. In this way you dont have worry about when pair will swing. I recover small account making this. Really I recover all my accounts in this way {image} PS: I had almost 20€ DD before close week with profit. I had 2 bad trades ( EURUSD/GBPUSD ) but playing with opposite entries and letting run DD sometimes when I didnt know if price will swings
I think Mozak is the Master of the Hedge.

http://www.forexfactory.com/mozak#acct.01

You will find rarely red position, but it needs a big capital and patient. A Black Swan (say that 1% chance) event only could destroy this to a Margin Call, but very rarely happen. Even the "Brexit" was not the Black Swan ones.
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  • #1,014
  • Sep 10, 2016 1:49am Sep 10, 2016 1:49am
...searching for an opposing view...

It seems that fundamentally we are going to see strong USDx until central banks can show that their economies can come away from 8yrs of easing without a significant stall. That being said, the USA is the first in line to attempt...of they fail, risk off environment favors USD, if they succeed market will give them the benefit of the doubt, until proven otherwise.

This transition period will favour sharp spikes and choppy consolidations on the 4H and Daily. I hope to be stay nimble and opportunistic. A good season to trade ignorant of 'popular ' views and tentative.
  • #1,015
  • Edited 4:14pm Sep 10, 2016 4:55am | Edited 4:14pm
Quoting RoelsMajor
{quote} I think Mozak is the Master of the Hedge. http://www.forexfactory.com/mozak#acct.01 You will find rarely red position, but it needs a big capital and patient. A Black Swan (say that 1% chance) event only could destroy this to a Margin Call, but very rarely happen. Even the "Brexit" was not the Black Swan ones. {image}
I'm learning every time I loose an account. But it's true since March seem I can control risk. At least I have 3 real accounts and all are growing even I have some DD. Evident I can have bad day and kill the account but I think I'm starting to be consistent. My step now is try recover all DD I can. I think if I can accomplish this I will be able to think I can live trading

About mozak, my history is different because I always start with very low balance and this make more difficult manage DD without SL like me. And I do many mistakes too that later i have try recover. It's evident I have less skills trading. Really I only trading 4 years and I'm profitable since this year. Then i have long path to run before I consider myself good trader
Try don't lose pants never...
  • #1,016
  • Edited 11:27am Sep 10, 2016 11:13am | Edited 11:27am
Quoting benaiah
{quote} Whatever works. I used to think I was an intra-day trader/scalper and that's all I'd need to do. But a professional trader with 20 years experience asked me, why would I limit myself to only making money by short term intra-day trades? Why not make money while also while I sleep? So, now I won't say I'll never go for a quick profit, but I'm primarily working on my "make money while I sleep" game. We'll see how it goes...
Hi all traders
I need to add my 2cents . It depends what are you trading - trade stocks, AUD, Yen and you lose your shirt in your sleep is it worth it?? Bag 10 pips and forget the slimy market movers.
That 20year trader need big pockets....
Trade euro and that may be profitable overnight.
I'm now a 3-day trader I close about 40% the first day and slowly close down within days.
I think I'm 70-80% profitable but avoiding: hurry, crazy pairs, pound, Draghi....
My target is to be more patient
Beware of robber banks (RB), bad advisors.
  • #1,017
  • Edited 11:42am Sep 10, 2016 11:19am | Edited 11:42am
Risk is not a function of the market, it is a function of the trader.

Risk is controlled by position size and strategy, and position size and strategy is controlled by trader. To call any market risky or unrisky is naive.

Leverage is VERY dangerous UNLESS you understand it. Then it becomes your friend.
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,018
  • Sep 10, 2016 3:46pm Sep 10, 2016 3:46pm
Quoting pursuit_21
Hello all, I've got an event driven experiment that I hope to be profitable over the next 2-3yrs. Post-brexit cable swings. Would like to join the journey you all are taking for the 1st year of, 'hopefully', profitability. TE in sig. TS pls let me know if any other requirements. Cheers.
welcome!

added you to the list:

https://www.icloud.com/numbers/0hFdZ...Profit_Ability
  • #1,019
  • Sep 10, 2016 4:00pm Sep 10, 2016 4:00pm
Quoting pursuit_21
...searching for an opposing view... It seems that fundamentally we are going to see strong USDx until central banks can show that their economies can come away from 8yrs of easing without a significant stall. That being said, the USA is the first in line to attempt...of they fail, risk off environment favors USD, if they succeed market will give them the benefit of the doubt, until proven otherwise. This transition period will favour sharp spikes and choppy consolidations on the 4H and Daily. I hope to be stay nimble and opportunistic. A good season...
Sensible post. Not sure if there is much here to "disagree" with, an accurate description of current situation. The only thing I might add, is the USD "strength" is not really much to base anything on, mid-to-long-term, imo.

Since, as you mention, there will be lots of spikes, and in both directions, which, as we know indicates a "jittery" and "scared" market with plenty of "opposing views" manifested in buyers/sellers, buyers becoming sellers, becoming buyers, etc...
  • #1,020
  • Sep 11, 2016 12:28am Sep 11, 2016 12:28am
Quoting Not-KPMG
{quote} Hi all traders I need to add my 2cents . It depends what are you trading - trade stocks, AUD, Yen and you lose your shirt in your sleep is it worth it?? Bag 10 pips and forget the slimy market movers. That 20year trader need big pockets.... Trade euro and that may be profitable overnight. I'm now a 3-day trader I close about 40% the first day and slowly close down within days. I think I'm 70-80% profitable but avoiding: hurry, crazy pairs, pound, Draghi.... My target is to be more patient
So? What? At least You can give a little bit clear information about What You mean.
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