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My own experience in FX market Since 2003

sbresee (sbresee)
Aug 27 2013 at 14:41
53 posts
For the non-conventional trader: I have traded for 7 years, I do not use stop loss, I hedge every day, I choose to not take losses no matter what the draw-down, but I grow my balance every day. I have a 85.47% roi for the year (balance). I know what risk is and watch every position I place, and if a trade gets stuck, who cares in my world, I just start trading the other direction, continuing to grow my account larger and larger. Remember 7 years, with large draw-downs, still alive, kicking and growing!

Only take what the market will let you have, and Never accept a loss!
Josep2013 (Josep2013)
Aug 28 2013 at 03:56
52 posts
What wil happen when you hedge ?!

Example:
open 1 lot BUY eur/usd you go to lose 1000 pips (5 digits) well you are in 1000$ loses now !

then you hedge position and open Sell with same lot now you are in -20$ (according to your broker spread) loses!

If you had SL you did not paid 20$ more !

so if market go up or down your positions locked just you will receive negative swap every night!

hedge position means close your position !

but hedge can help you just if your broker unlock your free margin by hedge then you can trade with heavy lots ! and today with 1:3000 leverage ! you don't need this option too !

Hedge just help you to deceive yourself

why because you are looking to your Balance not Equity

your money is your Equity not your balance ! you should increase Equity 😉

Josep2013 (Josep2013)
Aug 28 2013 at 04:00
52 posts
The big Secret !
Dear Friends who is ready to spend 10,000$ for my big Secret trading system?
you can earn at least 15% monthly with my system without any risk ! your risk is only your broker ( If they don't spend your profit!)

This is my big Secret and if 100 people be ready to pay me 10,000$ I will show you how to earn profit from forex without RISK!

this is simple method and everyone (even without experience) can do it!

I will sell it with total 1,000,000$ so I will not sell it one by one because maybe If someone learn my trading system post it in brokers forum with less price !

If you are ready to pay me 10,000$ let me know when 100 people be ready I will send my secret learning :)


Cleeon (Cleeon)
Aug 28 2013 at 09:55
31 posts
yes, I am understand, I must keep try to make sure equity is higher than balance :)

I still hedge GBp/JPy.

Josep2013 (Josep2013)
Aug 28 2013 at 13:17
52 posts
Cleeon posted:
yes, I am understand, I must keep try to make sure equity is higher than balance :)

I still hedge GBp/JPy.


Well I think this method help you to control your sense ;)

Cleeon (Cleeon)
Aug 29 2013 at 02:48
31 posts
sbresee posted:
For the non-conventional trader: I have traded for 7 years, I do not use stop loss, I hedge every day, I choose to not take losses no matter what the draw-down, but I grow my balance every day. I have a 85.47% roi for the year (balance). I know what risk is and watch every position I place, and if a trade gets stuck, who cares in my world, I just start trading the other direction, continuing to grow my account larger and larger. Remember 7 years, with large draw-downs, still alive, kicking and growing!


I am using same way as You do, My Friend :)

Cleeon (Cleeon)
Aug 29 2013 at 02:50
31 posts
Josep2013 posted:
Cleeon posted:
yes, I am understand, I must keep try to make sure equity is higher than balance :)

I still hedge GBp/JPy.


Well I think this method help you to control your sense ;)


sure :)

Josep2013 (Josep2013)
Sep 13 2013 at 09:44
52 posts
When Use Martingale system?

this is big question many people ask

first you should understand market movement the best pair for martingale system is eur/usd and jpy/usd

some time I use oil and gold too but this symbols are very dangerous for martingale systems

I have one martingale EA I run it on my real account now and you can see the result on last 3 weeks.

but how ever you should control your account yourself of course

You should not use martingale system by following the trend ! this is big mistake
martingale should use against trend

If trend is up you should start sell martingale
and if trend is down you should start buy martingale

you must check news and be sure there is no any important news during your trade

how ever it's hard for me to explain more because my English is not perfect so ;) I wish you got what I mean



ivandeep (ivandeep)
Feb 08 2014 at 10:11
16 posts
Josep2013 posted:
Do you know yourself?

Answer this question:

You have open position without SL/TP you know your position is wrong and your margin level is 50%
what will you do?

1- close position
2- wait maybe I will be lucky !

have you ever had same situation ?


I will fund my account maybe ?

Forex21
Feb 12 2014 at 14:17
416 posts
sbresee posted:
For the non-conventional trader: I have traded for 7 years, I do not use stop loss, I hedge every day, I choose to not take losses no matter what the draw-down, but I grow my balance every day. I have a 85.47% roi for the year (balance). I know what risk is and watch every position I place, and if a trade gets stuck, who cares in my world, I just start trading the other direction, continuing to grow my account larger and larger. Remember 7 years, with large draw-downs, still alive, kicking and growing!


That's a long time but it must feel like sitting on a ticking bomb. No?

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