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xxDavidxSxx replied Mar 30, 2006(some brokers allow you to hedge trade in the same order. CMS is one.) FXCM don't support hedging. MG financial cann't hedge either but not sure of the rest. You could use 2 accounts with the same broker and enter opposite orders on each. (I am ...
My trades by Dave
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xxDavidxSxx replied Mar 30, 2006I have been asked about hedging. Here is an entry for a hedged trade. Buy/Sell(enter 2 seperate if need be) 1.2130 s/l's 1.2090/1.2170(40 pips both sides of entry.) Here's chart... Dave This is the first time I have set a hedged entry and purely an ...
My trades by Dave
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xxDavidxSxx replied Mar 30, 2006Closing all positions for the week. I just printed my account reports. Both accounts are doubled so Next week I'll start again with 5k. I want to double a 5k account each week consistantly. On MG account I had a 65% win/loss trading 5 lots per ...
My trades by Dave
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xxDavidxSxx replied Mar 30, 2006MG financial....Holding 5 lots on the long entered at 1.2064. Moving s/l to 1.2105 Current winnings on MG is 4700 5k accnt Winnings this morn on CMS was 7600 8k accnt Entry order CMS 10 lots ....new days pivot is 1.2120 Entry 1.2033 s/l 1.2103 ...
My trades by Dave
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xxDavidxSxx replied Mar 30, 2006I didn't realize I had a limmit trade was pulled at 1.2140. +77 pips I wanted it to run and just trail the s/l. I will reenter long position near the new daily pivot. We got a good sustained break above the weekly pivot and the first target line was ...
My trades by Dave
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xxDavidxSxx replied Mar 30, 2006I chickened too and would have won. O'well hopfully 1.2200 will be a target for current open position. Dave
My trades by Dave
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xxDavidxSxx replied Mar 30, 2006- 25 pips.....But I hedged position at 1.2063 break above weekly pivot. s/l 1.2045 On the 4 hr chart looks like trend could be turning up target open. Dave
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006short 1.2050 s/l 1.2075 target open or 1.2000 dunno yet need break below 1.2023/25 range Dave
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006heres chart. If s/l is taken out I will enter short closer to weekly pivot and place a more approrerate s/l. Dave
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006currently short 1.2030 s/l 1.2040.....target open dave
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006Are the Fib studies back up for you? There are only 2 brokers I have found with 400:1 leverage and the other is MG Financial. I don't like there entry and s/l system. Let me know if you have any other problems with cms. Mabe it was just a glitch ...
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006I decided to check the weekly pivots. 1.2063 is the pivot range. And the rally above wasn't sustained. I will take this long trade I posted only if the price doesn't retest the pivot range yet. A retest and failer will turn bias down. I will have to ...
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006Lou, My charts are still setup like I had them. I checked at 10 am and it was ok. Have you spoke to cms? Is it real or demo? Dave
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006- 17 pips Figured as much. But on to the next. New pivot has dropped to 1.2013 and the price is above it. I will long near the pivot between 1.2013 and 1.2020 with a s/l at 1.1980 since it has served well thus far. Target is open and if the price ...
My trades by Dave
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xxDavidxSxx replied Mar 29, 2006I feel like yesterday I got lucky. Today the price cann't seem to break above 1.2023 20ma on the 4 hr chart. Pulling trade at break even. I think the next pivot will be below the current one. Market is pressing hard on support and cann't sustain a ...
My trades by Dave
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xxDavidxSxx replied Mar 28, 2006Heres the chart When the lines on the TSI cross above the red line is when a move will probly happen. I blew up the fibo settings. Dave
My trades by Dave