My #1 rule about hedging against the same pair is to NEVER open a new trade in the opposite direction when the current trade is already in the red. Believe me... you will be better off in the long run. Graeme only suggests to diversify when the ...

Building an equity millipede

Fear is a stronger emotion than Greed. When you are being attacked by a wild bear, won't you run as fast as you possibly can? A bank robber does not barge in a bank when he wakes up one fine day.. same 'Fear' analogy applies to risk aversion days ...

Building an equity millipede

E/J Long Hindsight - Weekly assignment — Until we hear from Graeme, I am sticking to my Long E/J Hindsight for this 2 weeks assignment. To me, it does not makes sense at all to have a Long hindsight on weekly trend and then jump on 5min and ...

Building an equity millipede

Good morning Graeme (and greetings to all weekend assignment followers), Seeing some of the recent posts from fellow traders is making me wonder if we are 'allowed' to take trades in the opposite direction of our weekly hindsight. Reading this last ...

Building an equity millipede

I am thinking along the same lines Ozzie. Too much going on in the news to affect JPY pairs. I would probably wait for daily candle to close below Friday's close before going 'counter-hindsight'. Attaching my trades for today... was quick to cut my ...

Building an equity millipede

Hi Paul, It is against strong 4H resistance at the moment. My hindsight is long also on weekly but just added a soldier on short side on 5M retrace to take a quick profit as it might touch Sunday open before going up again.

Building an equity millipede

I just opted to choose E/J for this weekend's assignment instead of U/J. U/J is prime to go up as well but I can never get this pair right. Fundamentally E/J is easier to 'anticipate' for me compared to U/J. Keep a close eye on Bernanke and BOJ if ...

Building an equity millipede

It might be better to do BE+1 or 2 pips to gain some emotional comfort.

Building an equity millipede

Thanks MidKnight for your response. I have accounts with both Oanda, IBKR (and FXCM/US,IBFX in the distant past). Money management becomes quite tedious with transferring money from one sub-account to another. With the combination of hedging and ...

Building an equity millipede

Any Non-MT4 Broker with 'Move Stop to BreakEven' feature? — Hi guys, US regulated brokers do not allow hedging any more. Is there a Non-MT4 UK/Australia/Swiss based reputable broker (preferable ECN with under $5K to open a US$ based account) ...

Building an equity millipede

Thanks !!! — Hi Graeme, I have been one of the 'invisible' lurkers of this thread like many since you started this thread and felt the need to come out in the open and acknowledge your genuineness and authentic desire to help fellow traders. I ...

Building an equity millipede

and make sure you have the latest release of TWS. IB recently came out with the new release of TWS which has some new enhancements for FX traders... TWS can now treat FX transactions as separate 'trades' to track P&L... my 2pips

stuck in postion, please help

That's normal !!! — This is common with IB as you are trading from a universal account... forcing you to use IDEAL instead of IDEALPRO for all those "loose change" left from your trading activities. Go to your "Portfolio" page, and select ...

stuck in postion, please help