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- pescador replied Jun 5, 2024
I agree that there is no mathematical advantage to using hedge vs. StopLoss. But there is a conceptual advantage if you trade manually and hedge through synthetics instead of directly with the same instrument. It gives you much more flexibility, but ...
- pescador replied Jun 5, 2024
OK, sorry, I misunderstood what you wrote. So 65% of your trades are losers, not 65% draw down, I understand now. That makes your strategy the opposite of mine: you trade algorithmic, high frequency scalping with 65% lose rate and I trade manually ...
- pescador replied Jun 4, 2024
Right. You have just demonstrated you have no idea about Low Frequency / High Leverage scalping. What you write could very well be profitable with other strategies, yours particularly; I do not argue against it. Each strategy needs a corresponding ...
- pescador replied Jun 3, 2024
I think a well chosen Stop Loss is much more important than most believe. I use it as a strategic tool. It is my primary filter for choosing a trade entry. That means that instead of entering trades based on signals and setups and choose a ...
- pescador replied Jun 2, 2024
Exactly. I call this being contrarian to retracement. Others call it breakout retesting. Others Resistance becoming Supprort / Support becoming Resistance. This happens on all timeframes, I use basically the same idea for scalping too.
- pescador replied Jun 2, 2024
Happy Trolling!!!
- pescador replied Jun 2, 2024
IMPORTANT: Stop Loss should always have the trigger price set to the other side: i.e. for long trades ASK, for short trades BID. Otherwise your stops can be hunted down by arbitrary spread spikes, without the broker even manipulating the middle ...
- pescador replied Jun 1, 2024
Аll those skills and techniques that you learn through education, both paid for and free, are about 5% of what is needed to become a consistently successful trader. The other 95% is getting to know yourself. Without this, one always ends up losing ...
- pescador replied May 26, 2024
Do not agree. High frequency manual scalping is a loser strategy, both short and long term. It leads to overtrading, exhaustion and ultimately inevitable loss. Low frequency precision scalping on the other hand can be very profitable, even in the ...
- pescador replied May 26, 2024
I use daily candles within last week's candle: Or 8H candles within last day's candle within previous week's candle:
- pescador replied Feb 15, 2023
There is no trend, there has never been. All that there is, are waves of various lengths and amplitudes. The longer ones can be confounded with trends if seen without context. If you figure out how wavelength and amplitude manifests in PA you will ...
- pescador replied Nov 14, 2022
I agree with a lot of this. Than again, there does exist an edge for us small fish too. And that is to observe the activities of the big fish and pre-empt their next action, recognizing the build up of momentum from these activities. Making an ...
- pescador replied Nov 9, 2022
As soon as you have learned enough about yourself so that you don't follow your greed, you might give up on it but you don't have to any more. If you do not see that success in trading depends much more on being able to learn about yourself than ...
- pescador replied Nov 9, 2022
I think the edge lies in realizing that the market is neither random nor ordered, but random and ordered at the same time. There are patterns of change between equilibrium and disequilibrium. Each equilibrium state is temporary and in itself is part ...
- pescador replied Sep 8, 2011
Any 3rd party software with IB Gateway will do the job. The cheapest would be QuoteTracker --free -- with the patch posted here url Enjoy!
- pescador replied Sep 7, 2011
Try Interactive Brokers. Excellent execution, very good liquidity and tight spreads. Powerful (but a bit difficult to learn) platform. I love to trade from their BookTrader (DOM) platform. A lot of order types, autostop and bracket orders are no ...
- pescador replied Sep 7, 2011
Oanda if you want to trade with smaller lots than 100k. Interactive Brokers if you are going to trade 100k or bigger lots, and if you have 10k USD to open an account with. Nothing comes even close to these two IMO.
- pescador replied Sep 7, 2011
This is not the case with Oanda. While they do not guarantee exact stop levels either, they do guarantee that you cannot lose more than what your account balance was, so no negative balance. see here: url Following Oanda Forum I have seen myself ...
- pescador replied Sep 6, 2011
I'm seeing it with QuoteTracker too, but not for all pairs.
- pescador replied Aug 30, 2011
I agree. IB is an excellent broker for FX, one of the best IMO. But one has to understand how their system works, and take time to learn their tools. Also one has to have enough equity in order to trade at least standard lots in order to get the ...