Posts by PayPip
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[quote]LoveA posted: I don't understand why someone needs to hedge his/her positions which is just like to fight on his/her own. If you think the market go against your position, why not just close it instead of opening up a opposite position to worry about. If you think the market just pull back and will go back to your favor, than what you are going to do with the opposite position. Hedging your positions only good for the broker because you just take more trades. However, higher leverage may be a good go. Just my own view.[/quote] Because hedging is portfolio management (along with trad......
Agree with ILTrader ... If there were ANY winning EA's we would all own it (think about it). So select any EA off the web or mql4 site and have a party.
What am i doing wrong? In New Traders May 14 2013 at 11:37
[quote]Siirup posted: Im very new in trading, i have took many classes, studied, spent shit load of money for that and i still loose. by the way i did better in demo than in real account. Feels just that im making money for my broker. Or is it just the forex market crappy right now?[/quote] 1. looking for advice on the internet 2. buying garbage & taking classes from people that are more than likely salesman not traders.
This all depends on your tolerance for risk and the size of your potions. If you trade small your ability to hold trades is magnified, if your size is to large you will be pushed out of your position sooner than later. Having said that, I use the VIX to determine my reasonable expectation for a daily move. VIX under 19 I look for .5% moves. VIX over 19 I look for a 1% move. VIX presently is trading at 13.57 this tells me to look for a .5% daily move. EUR opened at 1.3018 so .5% (65 pips) move would be 1.3083 on the high side and 1.2953 on the low side. This to me is a reasonable expectati......
I'll give an example, I've been long USD/CHF since Nov 14 th @ .9456 Yep sold the top. A case of genius failed [wink]. Top is subjective term based on ones time frame, meaningless really. For those that don't use charts... they don't see tops or bottoms [lol] Anyhow I've faded that move lowering my cost basis to .9240 I've been able to do this because 1) risk was small 2) I've been trading against that position the whole time. I've traded against that position using USD/DKK and EUR/USD Long story short I was in profit long before .9240 even though that position was 1000's of pips aga......
If your trading against your loss (making a market) and continuing to lower your cost basis there is no reason to wait for that to come back all the way to 1.40. Markets are cyclical no ? It's called non directional trading. I don't give a shit what way the market goes I'm going to make money. Cause after all I'm right about 50% of the time :-)
Buy time & make a market yourself. Both sides of the trade will be in the money at some point in time throughout the life cycle of the trade.
Tokyo opens before Sydney ?! In General Feb 06 2013 at 14:56
Think of it like its following the sun. east to west.
I think what he meant by he has been on here a while... he was trolling the forum (for a while) reading all the ridicules posts, so he felt inclined to sign up and give us his wisdom. Shocker there, finding bad information on a internet forum, you can add any financial media to that statement as well, after all its worked so well for the retail investor for all these years [roll] Continue trading.
Agreed, I could care less about somebody's chart or what they think. News is also of no relevance to me. It would be nice if we could select the blocks we show on the "our" main page
Dallas Fed Manufacturing Business Index (24 min)
USD/CAD recovers from Friday’s dip – TD ...(4 min ago)
EURUSD 1.24248 GBPUSD 1.56874
USDJPY 118.365 USDCAD 1.12614
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