Thanks for the reply GEfx, much of what you said i have understood . Have a great trading session !

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in retrospect, i was merely trying to ask how is it possible to dance in both directions in with a fifo broker ? please pardon my stupidity

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Dear FTI, Thanks for the lesson... cheers !

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for FIFO, it will not affect my value at risk if i trade in one direction only which is what i am doing. i dont know how to calculate my delta. i have searched the web but am unable to find an answer, can someone assist ?

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dear fti / seniors , with regard to dancing in both directions within an instrument eg eurusd, how can it be done with a FIFO (first in first out) broker OANDA ? it is easily done in MT4 with its hedging capabilities, but with OANDA ? i find that if ...

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Thanks Jacque, yup , what you have pointed out i have understood...

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this is what i gather from the above post. seems to me that traders are actually looking at the X axia (which is time) and the Z axis (which is the increase or decrease of price of the instrument) from a static point (taken as reference) pls correct ...

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yes sir. i understand. but with shading of 2-10 pips i have difficulty making the most out of the leg will keep practicing

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ok will do market where it is quoted. but one round trip is approx 2+2= 4 pips transaction cost so i reckon position sizing + keeping my net position close to market is the only way to trade into a profit. i am sure there is a back door cheat code ...

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so that means all orders we place must be limit orders to get the best possible fills. no market orders , as the broker will make the spread off us then ...

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the Z axis is position size ?

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i find that if i were to dance in the direction of the impulse, for 5-7 bars average, on the 5m, the spread will eat up most of my profits the price action looks good in retrospect but the bars are drawn (open and closed) by the "bid" price ...

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yes bro, it in cents ...

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hahaa so glad that you remembered me and am a lagger ... i must have made your list of the slowest students ... hahaaa

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how to solve the mindset problem ? please zap me into consciousness ... i like hard lessons no ego from me...

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i would assess the higher time frame trend across ro3k will pick a pair, usually EURJPY or GBPJPY start like an ant, zero leverage, divide capital by 10 , then then 10 and 10, and try to scoop as i go along, my observation is that i am almost always ...

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i usually trade with the currency trend (or what i perceive to be a trend) My campaigns usually run into 2-3 days. Granted, i come out profitable, but they are usually rescues. Am i doing anything wrong ?

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[quote=Jacque;12571406] here it is: url [/quote thanks Jacque !

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if i am not wrong, TAF lounge does not exist anymore ...

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which long one is that ? there r too many references. got me so confused i decided to just focus on one... this one.. do u mean the feb one ? do drop a hint ...

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