Only if the trade is a swing trade. Sometimes I will see a 1H setup and I'll take it using standard stop placements because the real advantage of using options as a hedge is that I can take advantage of the option as a wasting asset since I only ...

Mr. Trend's PA Thread

I probably look at around fifty different markets... I'm not married to any particular market... if there's a setup, I trade it.

Mr. Trend's PA Thread

30 Day Treasury Bonds — I've been in this one since Friday. BUOB on Daily... buy @ 118 5/32 TP 120 Hedged with 119 and 118 option strikes

Mr. Trend's PA Thread

GBPJPY 1H — A day of BUOBs... buy @ 228.20 SL 227.32 TP 229.00

Mr. Trend's PA Thread

Rough Rice Futures — Here's another trade I am expecting to be in today as soon as we open here in a few minutes... Rough rice futures... $10 a tick per contract. Lots of money changes hands in a month on this market... Weekly BEOB trade to ...

Mr. Trend's PA Thread

Nasdaq 100 — My latest trade... DBLHC... 2088 TP 2200 This position is hedged with an option... so I've limited my gains, but have shaved some risk off... which is what we all want, right?

Mr. Trend's PA Thread

Perfect. Good patience. That's how I would've entered as well...

The System (Irony included)

Same. IB has a Universal Account so I can trade anything I want...

Mr. Trend's PA Thread

Yep... TWS it is.

Mr. Trend's PA Thread

Soybean Meal Futures — Pinbar off of resistance. I got slipped on my entry and ended up entering 10 ticks lower than I wanted. short @ 293.50 SL 301 TP 290

Mr. Trend's PA Thread

Naw... no hugs needed. I'm quite happy with 200 pips. Could've made 300... but oh well. That's trading and a part of how I trade...

Mr. Trend's PA Thread

I would be interested since I trade futures as well.... just to see what you're doing...

The System (Irony included)

GBPJPY — out @ 227.10 +214 pips

Mr. Trend's PA Thread

GBPJPY Update — I am attaching two screenshots -- one of GBPUSD and one of USDJPY. Now I had originally set my TP to 228.75, but I removed it once I saw what GBPUSD was doing... See the BUOB? That's a big indication that cable is on its way ...

Mr. Trend's PA Thread

If you're still in this trade, you've done quite well. It went farther than I expected. I don't remember what I got in at, but I got in a bit late on a 1H BEOB... my spread is around 4-5 ticks unfortunately -- but I trade in between the spread ...

Mr. Trend's PA Thread

GBPJPY trade — See screenshot for explanation. Long @ 224.96 SL 222.38 TP 228.75

Mr. Trend's PA Thread

This Gold trade ended up exactly as planned. Since it was against the trend, I only wanted to go to around 810, and that's where I got out this morning... out @ 810.00 +120 ticks

Mr. Trend's PA Thread

Gold trade — I just liquidated my long trade from last week. ~150 ticks... I just entered a short-term trade... see the screenshot for more information. I hope this helps everyone understand PA better...

Mr. Trend's PA Thread

I'm still in that mini-gold trade... scaling in all the way up... that's the only trade I've took in a week...

Mr. Trend's PA Thread

In terms of a retail, non-ECN broker, Oanda is the best. I still have an account with them even after I switched to IB...

The System (Irony included)