I made a mistake today so I took a hit of about 200 pips unnecessary. Makes you appreciate EAs It wasn't such a bad idea entering 2 lots today after all. The cost of the spreads though would bring me to about B/E. A move above 236.70 would find ...

Daily Scalping Hedging/ATR Discussion

yezbick, do you use 2% of your equity or something else?

Open-Close Trending with Hedging Discussion Thread

C.E.O., Thanks a lot for your feedback. I always enjoy your posts and insights. You are right about loosing pips everyday on the hedge. I noticed that my self and I didn't include this into the equation; the demo is down about $500 though I didn’t ...

Daily Scalping Hedging/ATR Discussion

The plan for later today and tomorrow: Rhythm will be entering yet another buy later today, provided that price stays at about the same level it is now 235.30, if it breaks upwards at 235.80 there is some pretty good chance it will stay around that ...

Daily Scalping Hedging/ATR Discussion

Looking back, it was a good call to use only 1 lot for today. Primary buy/sell hedge were stopped out and reversed. GBP/JPY moving higher now after the ECB (not very hawkish statement) dip. Lets see if it can reach pre-ECB levels or it will just sit ...

Daily Scalping Hedging/ATR Discussion

I explained it in the best way I could in the first post. If you still don't get it follow this thread for a while and it will become clearer and clearer.

Daily Scalping Hedging/ATR Discussion

It might be a good idea to increase lots after G7, hoping that it will spark some volatility. The recent lack of comments about the carry trade may prove this wrong though. Stay tuned...

Daily Scalping Hedging/ATR Discussion

The advantage is yet to be determined, thats why I started this thread. I'm guessing that this hedging version will provide high probability trades (less losses from whipsaws/ranging, one of the reasons I opened only a 5k demo) so a progressive type ...

Daily Scalping Hedging/ATR Discussion

Yes, also IBFX has 8 now most of the time. I think it's because more traders are interested in this pair nowadays. Maybe we will see even lower spreads...

Is FXDD Reliable?

It will be a stop or limit order at the price of the previous one. So if we started the day with a buy/sell (the buy being the primary) at 235.90 and the sell gets stopped at 236.40 you should enter a sell stop order at 235.90, SL=236.40, TP=235.40.

Daily Scalping Hedging/ATR Discussion

Well things didn't work-out as I expected so I'm down to 1 lot again. Todays final result -$90! Seems like the hawkish FOMC brought down G/J. Current chart (next update tomorrow)

Daily Scalping Hedging/ATR Discussion

I think that this speech shouldn't had been rated as highly volatile. The title reads: Hedge Funds and Systemic Risk

Fed Chairman Bernanke

And here is the EA I use, just in case.

Daily Scalping Hedging/ATR Discussion

We are currently at 236.18 and I'm plus $250. I feel that a new short-term uptrend is developing. Rhythm will be entering with a buy later today so I will be doubling my lots in hope that if it breaks up it will hold and I at least will break-even. ...

Daily Scalping Hedging/ATR Discussion

yezbick, On another thread you mentioned starting at +50/-50. You could do that but you would not have any protection against whipsaws/ranging market. What you could do is start at those levels and then continue with the above system, saving some ...

Daily Scalping Hedging/ATR Discussion

I plan to increase the lots after we are trading in an established range (something like first day all orders 1 lot, second day 1, third 3 etc). With the hedge order we allow for a 200 pip range. Yesterday the day ended with a $200 loss. Today the ...

Daily Scalping Hedging/ATR Discussion

Here we go: url

Open-Close Trending with Hedging Discussion Thread

Everyone interested in hedging and/or ATR please visit: url

Daily Scalping EA - Discussion Thread

Money Management — I feel that this type of trading will be ideal for a progressive type of money management. As I said before I plan to increase lots as soon as I identify a range and hope for a clean break-out, as I mature trading this I may ...

Daily Scalping Hedging/ATR Discussion

Todays chart

Daily Scalping Hedging/ATR Discussion