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Diskusija

May 17, 2010 at 20:13
3,226 Views
28 Replies
Biedrs kopš   60 ieraksti
Jul 28, 2010 at 14:28
hi
can I have informations on your system?

thx
Biedrs kopš   24 ieraksti
Jul 29, 2010 at 09:24
Hi Ciccio,

As you can see from my profile I am looking for trends in AUD/JPY that will last longer then couple of days. But mostly I trade GBP/JPY, I wait for certain patterns and then I pull the trigger. What else would you like to know?

regards,
kurak
Biedrs kopš   3 ieraksti
Jul 29, 2010 at 10:45
Kurak,

Very nice trading. How do you determine the trend and what time frame are your trades based on? Also, do you place your trades at a particular time of day such as during asian session or london session? Thank you.
Biedrs kopš   24 ieraksti
Jul 29, 2010 at 12:22
Forexnetworth,

If we are talking about AUD/JPY I don't determine the trend actually, I rather look for bottoms and tops using S/R but mostly hunch and Fibonacci. Fibo levels works great on this pair on daily charts, I am amazed how accurately it marks highs and lows.

If we are talking about GBP/JPY I play usually short moves (40 - 50pips). I use daily timeframe to determine daily ATR, and timeframe from 15m to 3h to trade. I play aggressively such scenario: let say that daily ATR is around 200 pips, market moved already around 250-300, no major news and we are reaching some Supp or Ress - I play counter trend for 40 to 50pips profit. I put my trades on this pair mostly between London and NY sessions. I was testing breakouts at the beginning of London session but with no good results. I've read on your profile that you mastered the breakouts. Can you say something more about that?

regards,
kurak
Biedrs kopš   60 ieraksti
Jul 29, 2010 at 21:47
I read the book of joe ross (the best world trader) named 'day trading' on section forex..is the best book


he use the clusters (formations of 10 bars) and he trade the breakouts....

he teach the risk managment on every trade .....very little risk ...for big profit ....excellent

but I have not time to trade :(

anyone know joe ross??
Biedrs kopš   14 ieraksti
Jul 31, 2010 at 17:05
I see you have 2 trades open for over 1 year now. Why?
Biedrs kopš   24 ieraksti
Aug 01, 2010 at 11:11 (labots Aug 01, 2010 at 11:12)
gbptrades,

Those trades (and all other open positions on GBP/USD and USD/PLN) are for hedging purposes only. I hedge my deposits and profits in my domestic currency. My account currency is GBP while domestic currency is PLN. As there is no GBP/PLN available at Oanda I use GBP/USD and USD/PLN.

regards,
kurak
Biedrs kopš   53 ieraksti
Aug 01, 2010 at 17:33
hi,

I'm interested to know the theory of why do you want to hedge?

thanks
Biedrs kopš   24 ieraksti
Aug 01, 2010 at 18:26
Hi Doshur,

I want to hedge, because I want to secure value of my portfolio in domestic currency (which is PLN). If I wasn't hedged and GBP/PLN falls 20% then value of my portfolio in domestic currency (PLN) would have droped 20% too. I don't want that, this is the reason I hedge. If Oanda starts offering PLN accounts I will not have to hedge anymore. Does it answer your question?

regards,
kurak
Biedrs kopš   53 ieraksti
Aug 02, 2010 at 02:30
how much do you need to hedge?
Biedrs kopš   257 ieraksti
Aug 02, 2010 at 07:35 (labots Aug 02, 2010 at 07:37)
he's not really hedging he's just making sure his balance in PLN doesn't float with GBP/PLN moves
and I'd assume it's only for the real balance of his account .... so this should use max 2:1 of leverage since he has to use two currencies to form GBP/PLN
Biedrs kopš   24 ieraksti
Aug 02, 2010 at 16:07
Thank you Duzyfx. I couldn't have explained it better myself.
Biedrs kopš   53 ieraksti
Aug 02, 2010 at 17:14
what about the swap?
Biedrs kopš   24 ieraksti
Aug 02, 2010 at 17:42
Swap is very small and in my favor.

Result of my hedge is short position in GBP/PLN - that means I have to pay for borrowing GBP and I receive interests for deposit in PLN. GBP interest rate is lower then PLN interest rate, as a result swap is positive to my account.
Biedrs kopš   53 ieraksti
Aug 02, 2010 at 17:52
thanks for the info.
i learn new things today.
Biedrs kopš   3 ieraksti
Aug 03, 2010 at 08:11

kurak posted:
    Forexnetworth,

If we are talking about AUD/JPY I don't determine the trend actually, I rather look for bottoms and tops using S/R but mostly hunch and Fibonacci. Fibo levels works great on this pair on daily charts, I am amazed how accurately it marks highs and lows.

If we are talking about GBP/JPY I play usually short moves (40 - 50pips). I use daily timeframe to determine daily ATR, and timeframe from 15m to 3h to trade. I play aggressively such scenario: let say that daily ATR is around 200 pips, market moved already around 250-300, no major news and we are reaching some Supp or Ress - I play counter trend for 40 to 50pips profit. I put my trades on this pair mostly between London and NY sessions. I was testing breakouts at the beginning of London session but with no good results. I've read on your profile that you mastered the breakouts. Can you say something more about that?

regards,
kurak

Hi Kurak,

Your strategy is interesting and works very well.

I trade the breakout of the London open in a similar fasion to the 'Big Ben Strategy.' I trade only in the direction of the 4 hour market flow (trend) and look for fractal breakouts on a 5 or 15 minute chart. I trade breakouts that occur on strong volume. For a better explanation please visit my blog at www.forexnetworth.blogspot.com.

Biedrs kopš   60 ieraksti
Aug 03, 2010 at 13:53
hi doyou know joe ross.....the trader?
Biedrs kopš   24 ieraksti
Aug 03, 2010 at 21:02
I don't Joe Ross but I've just started watching interviews with him on you tube.. interesting.
Biedrs kopš   60 ieraksti
Aug 04, 2010 at 09:28
hi joe ross writed the book 'daytrading'

i tried her simple manual system ...is beatiful

but i have not time to trade it


very little loss and big profit
Biedrs kopš   32 ieraksti
Aug 25, 2010 at 04:09
Hi,
  How can contact you for more details ? Like do you sell your signals or manage accounts or PAMM ?
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