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Chikot

Biedrs kopš Jan 14, 2010  2186 ieraksti Chikot Sep 04 2011 at 23:46
I wanted to go to bed actually but noticed that it is only 7:45 p.m. and tomorrow is a day off as well, but I am going to get up to check on oil as you say it doe snot sleep smiley
But I prefer to trade only in certain moments.
I want to improve my Sharpe ratio and as I understand now hit rate is important.

walker36 posted:
    
Chikot posted:
    It's late. gonna go to bed.


dont forget OIL never sleeps!! lollol

CuongVC

Biedrs kopš Oct 01, 2009  119 ieraksti Cuong (CuongVC) Sep 04 2011 at 23:56 (labots Sep 05 2011 at 00:09 )
I want to say that, this FX thing is a serious business. You can loss a lot, you can win a lot too. People take years to try to conquer it. With that in mind, please fogive me if I say 'I don't want to explain this in the public', some of the key points I can explain in private and with a few people only.

Try to use more of PM feature on this forums. In Oanda forums, we don't have that feature, that is why it is hard to discuss in detail everything and that lead to 'fighting on the internet'. I like the way this forums setup, everyone can have his/herown corner. Let consider this is my home, I can have a little ownership of myown home. You should do the same I thing.


Have a good strategy, everyone.

CuongVC

If you can proof that you can make money grows, tons of money will flow to you.
Chikot

Biedrs kopš Jan 14, 2010  2186 ieraksti Chikot Sep 04 2011 at 23:59
I read this book recently.
I think it is a very good read:

http://www.amazon.ca/Greatest-Trade-Ever-Behind-Scenes/dp/0385529910

walker36

Biedrs kopš May 13, 2011  1341 ieraksti Steve Walker (walker36) Sep 05 2011 at 00:04

CuongVC posted:
    I want to say that, this FX thing is a serious business. You can loss a lot, you can win a lot too. People take years to try to conquer it. With that in mind, please fogive me if I say 'I don't want to explain this in the public', some of the key points I can explain in private an with a few people only.

Try to use more of PM feature on this forums. In Oanda forums, we don't have that feature, that is why it is hard to discuss in detail everything and that lead to 'fighting on the internet'. I like the way this forums setup, everyone can have his/herown corner. Let consider this is my home, I can have a little ownership of myown home. You should do the same I think.


Have a good strategy, everyone.

CuongVC


so you fired us from this thread?lol

Trade The Trend! Defend To Price!
CuongVC

Biedrs kopš Oct 01, 2009  119 ieraksti Cuong (CuongVC) Sep 05 2011 at 00:07 (labots Sep 05 2011 at 00:07 )
Absolutely ... not yet, since you've just be able to post here smileysmileysmiley

If you can proof that you can make money grows, tons of money will flow to you.
walker36

Biedrs kopš May 13, 2011  1341 ieraksti Steve Walker (walker36) Sep 05 2011 at 00:09

CuongVC posted:
    Absolutely ... not yet, since you've just be able to post here smileysmileysmiley


tell us about your system. not the detaıls.give us some head lines.

Trade The Trend! Defend To Price!
CuongVC

Biedrs kopš Oct 01, 2009  119 ieraksti Cuong (CuongVC) Sep 05 2011 at 02:49 (labots Sep 05 2011 at 02:50 )
I target on bigger pip gain, longer holding time. I target on longer term rate of return. I don't set a target of how many percent a day or a week but more like 3-month-period. I am not good at predicting next hour move but can be better at longer timeframe. But ofcourse sometime I predict wrong, then I use my money management to keep DD small but when the price come back a little I gain back fast. I seldom use stop loss because I don't trade small trade size, many small trades can be left open. Most of my trades end with profit. Stop loss usually stop out too soon. Some times I use stop loss, when the account have big pip value.

In summary: A lot of money management and some predicting on higher time frame. At higher timeframe, we can predict easier, in my opinion.

If you can proof that you can make money grows, tons of money will flow to you.
walker36

Biedrs kopš May 13, 2011  1341 ieraksti Steve Walker (walker36) Sep 05 2011 at 13:43

CuongVC posted:
    I target on bigger pip gain, longer holding time. I target on longer term rate of return. I don't set a target of how many percent a day or a week but more like 3-month-period. I am not good at predicting next hour move but can be better at longer timeframe. But ofcourse sometime I predict wrong, then I use my money management to keep DD small but when the price come back a little I gain back fast. I seldom use stop loss because I don't trade small trade size, many small trades can be left open. Most of my trades end with profit. Stop loss usually stop out too soon. Some times I use stop loss, when the account have big pip value.

In summary: A lot of money management and some predicting on higher time frame. At higher timeframe, we can predict easier, in my opinion.



if you listen eg.. Bloomberg, currencies are the most failing on future preditcs. I agree MM is one of the most important parameter on trading. most of the traders are failing with good systems but with poor MM.
I want to know how do you know when price goes against you eg..2000 pıp that it will come back to your favor.

regards

Trade The Trend! Defend To Price!
CuongVC

Biedrs kopš Oct 01, 2009  119 ieraksti Cuong (CuongVC) Sep 05 2011 at 14:32
Just look at the weekly chart of Eur/Usd, the price is ranging in a huge range. The higher time frame the more ranging the move is.

If you can proof that you can make money grows, tons of money will flow to you.
walker36

Biedrs kopš May 13, 2011  1341 ieraksti Steve Walker (walker36) Sep 05 2011 at 14:43

CuongVC posted:
    Just look at the weekly chart of Eur/Usd, the price is ranging in a huge range. The higher time frame the more ranging the move is.


so one of your criteria is looking higher time frames and predict according to that trend.
ty.

Trade The Trend! Defend To Price!
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