Yeah I addressed this problem a few pages ago since the same question was asked. Right now it depends on when the position is entered. If I enter it during the peak times of London or New York sessions and it starts breaking against me 10-15 pips, I ...

Pitbull Trader with Position Building

Yup, well said. Good trading to you.

Pitbull Trader with Position Building

Hi Esprit, thank you for your informative posts but I think you may be overthinking or complicating what we are attempting to do here. We are just trying to take 8-10 correlated pairs and trading the fastest mover while managing DD. As simply as I ...

Pitbull Trader with Position Building

Example — Well since you're allowed to hedge I would say follow the method Chips is presenting. For example say your weakest pair is AUD/JPY, or it is the furthest into DD. You could take out a long position in that pair to balance your hedge ...

Pitbull Trader with Position Building

You cant do that. It would not be a hedge. What if the market reversed? Then you would have both in DD. Dont look to change the method. Look to perfect it.

Pitbull Trader with Position Building

Its great man. Thanks for all of your input and hard work on this thread. Keep it going. I just wish I could hedge like you, but since I cant, I had to be creative. Best of luck.

Pitbull Trader with Position Building

Still at it — Hello all, my basket is still going strong. The way I presented it a few pages ago seems to be working. I've been using the bigger lots to close out the biggest losers and re-entering the biggest losers at a better price ...

Pitbull Trader with Position Building

Again — Just did it again. Closed bigger GU position and original GJ position that was in DD. Took something like a 1 pip loss overall, but if you look at my balance and equity as previously posted and compare it to what it is now, you'll see ...

Pitbull Trader with Position Building

Yeah I hear ya. Thats the one thing I'm still working on. The way I've been handling that is that if the bigger position automatically goes down 10 to 15 points I close it out. I've only had to do that one time though and its been fine. Will let you ...

Pitbull Trader with Position Building

Contribution — Hi all, I think I finally have something to contribute to this thread. I understood the concept very well but since we U.S. residents cannot hedge, I found it more difficult to manage DD than those with the capability to place ...

Pitbull Trader with Position Building

Nubs the coder — Seems our friend Nubcake did some coding not too long ago. Hey Nubcake, can you share your nbEA_SimTrading2_revision_6 indicator with me? How about the mtf candle indicator? Think it may come in handy with vhands. Very ...

Pitbull Trader with Position Building

The Same — No actually those two charts are in the same direction. Think about it. Top chart is USD, bottom chart is CHF against dollar. But you are correct, swings are wilder. Forex isnt for everyone, if Futures and equities work for you ...

Do you guys find that forex trading sucks?

day two — I need to figure this out on my own before I can comment on what others are thinking or changes they want to make. I think we need to trade it the way Brijon has presented it for some time instead of trying to modify it because the ...

Pit bull trading strategy by brijon

Sorry I'm not in right now. I'm still checking interest rates on dailyfox.com. lolol. Thanks Ann, I needed that. OK sorry for the off topic stuff all. Back to brainstorming.

Pit bull trading strategy by brijon

Ummmm — Umm, Ann, I think you mean dailyfx.com. I typed in dailyfox.com and...well...thank you I guess. I think if you type in dailyfox.com you'll see my surprise. I was like wow, they talk about interest rates here too, fantastic. lololol.

Pit bull trading strategy by brijon

I am in a similar position right now Dreamliner. Sales $5.34 DD: $6.28 I'll be working on figuring out how long to let the winners go tonight. My first thought was I'm not letting the initial winner go far enough before taking profit. But after ...

Pit bull trading strategy by brijon

Just checked out a bunch of his/her posts and the other basher out there. They have absolutely nothing constructive to say about anything. I mean if you know the answer to trading, by all means share it with the rest of us sheep. I guess I just dont ...

Pit bull trading strategy by brijon

So what is the garden path? What do you think he's after? Could you shed some light? What does he have to gain? Really, I'm interested in your opinion.

Pit bull trading strategy by brijon

DD — Hey Fun D... I believe Brijon addresses the DD issue in post #137. "eg 8% max as your account grows raise it 1% for every 2 k growth to max 25% the maxium target alows you to stop trading 5% below your target"

Pit bull trading strategy by brijon

So I plan to trade this using a small live account I have. I am not a fan of doing anything on a demo account. I am very aware of the risks so no need for further warning. Like I said the account is small and I havent used it in a while so its ...

Pit bull trading strategy by brijon