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1 year profitable trading goal

  • #1,361
  • Edited 2:30am Sep 27, 2016 1:30am | Edited 2:30am
Quoting RoelsMajor
{quote} I wanna do learn some hedge trading. It is a good idea. Sometimes I notice the natural mechanism of hedge among Major pair like USD/JPY and GBP/USD or sometimes AUD/USD, when it was not about just the Fundamental Aspects. I mean it is really weird. Sometimes correlation lost. Yes, I see Ur trades hedge.
Always . But all my hedges are also technical trades. ( Means I only take the hedge when it is inline with my TA for the individual trade but mostly against the FA) And as a bonus I always try to trade with the positive swap . You have an excellent broker for that too . Correlation goes out of sync sometimes and it happens that both trades goes in profit at the same time. Then it is easy solution to cash in. It also happens that both goes the wrong way . It is seldom and painful when it happens, but as You see low leverage and many instruments mostly make up for that .
Trading in the shadow of SM
  • #1,362
  • Sep 27, 2016 9:50am Sep 27, 2016 9:50am
regarding hedging...

just my opinion, but the best way to hedge is to trade both intra-day and long term. This way, you can have the same conviction on any trade you take, and the hedging just sort of happens automatically... So, you are not "expecting" to lose any trade. Every trade is entered with intention of winning.

For example, I'm long both ujsdjpy and gbpusd right now. The GU long, I plan to hold a bit longer, the ujsdjpy is more short term. In this case, I expect to win both trades, and currently in profit on both. So, I didn't enter them as a "hedge" trade. I just saw an opportunity in both pairs, but each with different time frame projection.

Of course, there is no "holy grail", and some trades will be losers, but it works better for me, since if I "focus" on hedging with the expectation of losing a "hedge" trade, it does not work out well for me psychologically...
  • #1,363
  • Sep 27, 2016 11:50am Sep 27, 2016 11:50am
I am posting this one on behalf of Magixs

I asked Benaiah if I could be in the 1 yr challenge, which he said yes and added me to the list.

And since then I'm unable to msg him, he has blocked me and/or commercial members from messaging him..

I'm a Cmember; beacause I'm affiliated with EZEFX, yet I've never pushed and will not push their EA's to anyone, so as I'm blocked from every topic other than Cmember topics, I was wondering why he has blocked me.? Can you ask him for me, and or copy paste this to the 1yr profitable system thread?


Question for him is: ( He has made a very good come back from his former 50%+ DD and is now at 28% DD), why is he looking to buy USDJPY and GBPUSD when they are in pretty clear daily down trends?

Regards,

Magixs.
Trading in the shadow of SM
  • #1,364
  • Sep 27, 2016 11:58am Sep 27, 2016 11:58am
I am posting this one on behalf of Magixs

I asked Benaiah if I could be in the 1 yr challenge, which he said yes and added me to the list.

And since then I'm unable to msg him, he has blocked me and/or commercial members from messaging him..

I'm a Cmember; beacause I'm affiliated with EZEFX, yet I've never pushed and will not push their EA's to anyone, so as I'm blocked from every topic other than Cmember topics, I was wondering why he has blocked me.? Can you ask him for me, and or copy paste this to the 1yr profitable system thread?


Question for him is: ( He has made a very good come back from his former 50%+ DD and is now at 28% DD), why is he looking to buy USDJPY and GBPUSD when they are in pretty clear daily down trends?

Regards,

Magixs.
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,365
  • Sep 27, 2016 12:08pm Sep 27, 2016 12:08pm
Quoting Earleone
I am posting this one on behalf of Magixs I asked Benaiah if I could be in the 1 yr challenge, which he said yes and added me to the list. And since then I'm unable to msg him, he has blocked me and/or commercial members from messaging him.. I'm a Cmember; beacause I'm affiliated with EZEFX, yet I've never pushed and will not push their EA's to anyone, so as I'm blocked from every topic other than Cmember topics, I was wondering why he has blocked me.? Can you ask him for me, and or copy paste this...
Hi Earleone, Magixs, No one on my list is blocked. I just changed my PM settings to only receive messages from mutual subscribers. I may Consider changing it back but it just seemed like this thread was working well enough for any communications....

sorry for misunderstanding

i will explain my usdjpy gu thinking later when back at my desk
  • #1,366
  • Sep 27, 2016 1:24pm Sep 27, 2016 1:24pm
About hedge I only can tell if you make good correlation selection, you can let trades without cover and wait market go to close your bad trades. Clear example in my TE. 2 bad long in EURUSD and 2 bad long in GBPUSD. The problem is you dont grow the account or grow it very little in that time but at least you can go to take a coffee and relax whilte wait better times.
Try don't lose pants never...
  • #1,367
  • Sep 27, 2016 1:52pm Sep 27, 2016 1:52pm
Quoting Peruvian80
I am posting this one on behalf of Magixs Question for him is: ( He has made a very good come back from his former 50%+ DD and is now at 28% DD), why is he looking to buy USDJPY and GBPUSD when they are in pretty clear daily down trends?
My UJ view was posted here: Post #1,348 Although I am bearish mid-long term, the short term looked bullish, I had +4 R trade, but I held to see if it would push higher, and ended up taking profit at about +2 R, as i came out when it looked like it was losing steam. Now, short term, I'm neutral, still bearish mid-long term...

Regarding GU, it's been in a range since July, so I'd have not problem buying or selling the range boundaries. Currently bottom of range, and looked like it would hold, so jumped in long...

The other thing about USDJPY, I primarily trade it intra-day now, so most trades are very short term. For GU, it's a little longer term play, but still respecting the range on the daily chart...

Edit: the other thing I might add, is I'm bearish USD mid-long term, so this influences my trading decisions as well...
  • #1,368
  • Sep 27, 2016 6:11pm Sep 27, 2016 6:11pm
Quoting benaiah
{quote} My UJ view was posted here: Post #1,348 Although I am bearish mid-long term, the short term looked bullish, I had +4 R trade, but I held to see if it would push higher, and ended up taking profit at about +2 R, as i came out when it looked like it was losing steam. Now, short term, I'm neutral, still bearish mid-long term... Regarding GU, it's been in a range since July, so I'd have not problem buying or selling the range boundaries. Currently bottom of range,...
UJ in the bottom of the range, but yes there is still risk aversion for UJ to reach the bottom 99.50 as They announce BOJ will intervene the Market to about 95 or 90 to stabilize the Market and They are okay with that, and something bla bla bla that I could not understand.

I won't fight the Central Bank even Soros did in 1991. This is A new Era where We can't fight Central Bank anymore. LOL Just for tought.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,369
  • Sep 27, 2016 7:07pm Sep 27, 2016 7:07pm
Quoting RoelsMajor
{quote} I agree with Ben view on USD/CAD this time. I think based on latest Prices Action, USD/CAD bullish is something fundamentally by Oil Prices. So it would possible for USD/CAD to target 1.3300 once again (Extreme Area). Market bounced back up from 1.3000 Zone (The latest flip). I will look at Sell Outlook at that Zone. This is according to Sisse view example on the cheat sheet. We are in the ranging market especially for Major pairs. For USD/CAD this has been lasting since March 2016. When ranging...
Nice call you guys on the U/Cad heading higher ​ . I have to say I was pretty confident that we were going lower and was wrong with that

I may be crazy but I still think we will see a bit of retrace.

Admittedly these are the trades that I have trouble with and eventually destroy my account. The thing is they are totally outside my trading plan. Overconfidence I think and a good time to just stop, take a break and think on what I'm doing

Best of luck to everyone

Teton
  • #1,370
  • Sep 27, 2016 11:09pm Sep 27, 2016 11:09pm
Quoting teton
{quote} Nice call you guys on the U/Cad heading higher ​ . I have to say I was pretty confident that we were going lower and was wrong with that I may be crazy but I still think we will see a bit of retrace. Admittedly these are the trades that I have trouble with and eventually destroy my account. The thing is they are totally outside my trading plan. Overconfidence I think and a good time to just stop, take a break and think on what I'm doing Best of luck to everyone Teton
Careful, its showing weakness right at selling area on daily chart.

Been working on scalping algo since weekend, i just cant make it scalp. Im looking for 5-50 pips per trade, but reach stability after 100+ pips which is not scalping. I put it in m5, but still not behaving as scalper. Been stuck like this since early this year, im starting to think that you cant scalp 24/7. I could make it scalp on certain haour by loosing some restriction but seems to work on certain hours with less consistency. But some times ago, i clearly remember that i found ea that scalp 24/7 on myfxbook.

I want to ask you guys who do scalp, do you exit your position on optimal point or just after some predefined pips(close it or looking for exit after reaching some pips)? And if you do exit at predefined pips, does it cover your loss in long term?

This dont look like a scalper right?
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  • #1,371
  • Sep 28, 2016 8:50am Sep 28, 2016 8:50am
Quoting Passerby
{quote} Careful, its showing weakness right at selling area on daily chart. Been working on scalping algo since weekend, i just cant make it scalp. Im looking for 5-50 pips per trade, but reach stability after 100+ pips which is not scalping. I put it in m5, but still not behaving as scalper. Been stuck like this since early this year, im starting to think that you cant scalp 24/7. I could make it scalp on certain haour by loosing some restriction but seems to work on certain hours with less consistency. But some times ago, i clearly remember that...
Well, I'm a work in progress, obviously. But I don't do anything different on any time frame. If I trade 5 minute chart, or daily chart, the plan is the same. I have an ideal +R I like to go for, but my SL and TP always depend on the PA context.
  • #1,372
  • Sep 28, 2016 8:52am Sep 28, 2016 8:52am
I also sold ucad on daily chart, from 1.32281. targeting around 1.30
  • #1,373
  • Sep 28, 2016 10:55am Sep 28, 2016 10:55am
Quoting benaiah
I also sold ucad on daily chart, from 1.32281. targeting around 1.30
Crude oil is moving the ucad almost pip to tick. If we get below 1.32 there a good chance of a real drop.
  • #1,374
  • Sep 28, 2016 12:02pm Sep 28, 2016 12:02pm
ok, so i wait till the news were released, and inventories were down, so its good for cad, but cad went down on usdcad for almost 30 pips, it was a spike, and the it recover the original position, so this is manipulation or what?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,375
  • Sep 28, 2016 12:13pm Sep 28, 2016 12:13pm
Quoting Peruvian80
ok, so i wait till the news were released, and inventories were down, so its good for cad, but cad went down on usdcad for almost 30 pips, it was a spike, and the it recover the original position, so this is manipulation or what?
Inventories can have many "affects". It's not an exact science, the way I understand it. Inventories up or down, does not always mean the same for price. Other factors involved as well, and I don't claim to understand it all.

But I just look at the technicals. usdcad is at resistance, so I shorted it. Also, oil looks super bullish as well... But just my opinion, for whatever it's worth...
  • #1,376
  • Sep 28, 2016 12:14pm Sep 28, 2016 12:14pm
Quoting Peruvian80
ok, so i wait till the news were released, and inventories were down, so its good for cad, but cad went down on usdcad for almost 30 pips, it was a spike, and the it recover the original position, so this is manipulation or what?
Good for CAD inline for the further move down of USD/CAD.

Sometimes the effect of the Fundamental Analysis Delayed, coz We don't know and We are never know Who is the Seller and Who is the Buyer. We don't have fully control and data bout that. Crude oil inventories still down -1.9 from 2.4 expected but much better, so maybe the further CAD strong is expected, coz the stock did not depleted more than previous. The Technical Analysis inline with CAD now in the Extreme Area (top) of the Ranging Mode since March or April or May 2016. Further data of USD slightly weak or weaken. I am still hold My position for further USD weak.

Good Luck.

Quoting benaiah
{quote} Inventories can have many "affects". It's not an exact science, the way I understand it. Inventories up or down, does not always mean the same for price. Other factors involved as well, and I don't claim to understand it all. But I just look at the technicals. usdcad is at resistance, so I shorted it. Also, oil looks super bullish as well... But just my opinion, for whatever it's worth...
Oil looks super bullish becoz bencmark effect of the prices from OPEC. It is not the real prices afterall. In the real facts, the Oil production data is top of the mountain.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,377
  • Sep 28, 2016 12:32pm Sep 28, 2016 12:32pm
Quoting RoelsMajor
{quote} {quote} Oil looks super bullish becoz bencmark effect of the prices from OPEC. It is not the real prices afterall. In the real facts, the Oil production data is top of the mountain.
If this helps you with your trading, then great!

Edit: for me, I still expect an attack on 52 over next couple months. Of course, I could be wrong just as easily as anyone else, lol
  • #1,378
  • Sep 28, 2016 12:40pm Sep 28, 2016 12:40pm
Quoting benaiah
{quote} If this helps you with your trading, then great! Edit: for me, I still expect an attack on 52 next couple months. Of course, I could be wrong just as easily as anyone else, lol
Like You have said Ben, We can never fully understand Why prices moves in certain way even after all that Fundamental Analysis. We are indeed the Speculators.
The good thing is We are in the same boat for USD/CAD Seller, and You did sell on the better prices from now.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,379
  • Edited 12:56pm Sep 28, 2016 12:42pm | Edited 12:56pm
Quoting RoelsMajor
{quote} Like You have said Ben, We can never fully understand Why prices moves in certain way even after all that Fundamental Analysis. We are indeed the Speculators. The good thing is We are in the same boat for USD/CAD Seller.
yea, too much information just confuses me anyway
  • #1,380
  • Sep 28, 2016 1:24pm Sep 28, 2016 1:24pm
Quoting teton
{quote} Nice call you guys on the U/Cad heading higher ​ . I have to say I was pretty confident that we were going lower and was wrong with that I may be crazy but I still think we will see a bit of retrace. Admittedly these are the trades that I have trouble with and eventually destroy my account. The thing is they are totally outside my trading plan. Overconfidence I think and a good time to just stop, take a break and think on what I'm doing Best of luck to everyone Teton
Well, this time around you are doing quite well. No destroyed account, and TE is looking good
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