K, fair enough - no probs - I'll bow out gracefully. Kind Regards Steve

whats with this "hedging" thing??

Hey there Pluto Long time no see - hope all is well! Yup, that's probably not a bad idea - I'll try and post something there later. It does take a whole different mindset and a while to get used to. I will have losing months, I accept that but I ...

whats with this "hedging" thing??

Thanks for responding - the more I read my response the worse it looks - eek - sorry! No, that's not what I do - I'm quite happy to explain my 'rules' but not sure if this would be the correct thread to do so as I'm not strictly 'hedging' in the ...

whats with this "hedging" thing??

Sorry mrgreen — Scott, you know me - just got a little hot under the collar with people seemingly dismissing the possibility of trading this way profitably. Aplogies to Mr Green - not directed at you personally Yup, not a bad start ...

whats with this "hedging" thing??

Hmmmm — Lol OK but on a serious note (and at the risk of being controversial - who me? surely not ), aren't you really saying that because you haven't worked out a way of doing this profitably, it can't be done? 700 trades in nearly 6 ...

whats with this "hedging" thing??

I love this thread Any new trader that ever asks me where to start I send them here and tell them to read, read again and then apply. Always golden nuggets being shared and I use them even in my crazy methods lol. Great way to describe ...

james16 Chart Thread

Yes and no hehe. On my own piddly live account, I use a fixed % of my balance (excluding any unrealised drawdown) per position. As each position is closed in profit, my balance increases and the new position will be slightly larger. If I take a loss ...

whats with this "hedging" thing??

Pretty much... — That's pretty much what I do although I have rigid rules with regard to position size and stop loss / take profit. I've been profitable for the last 7 months using variations of this method just trading GBP/JPY and I'm quite ...

whats with this "hedging" thing??

Agreed - you need to just do what you always do. I've gone from trading a few thousand on my own live account to a six figure sum that I'm now managing. First day was a little scary but now ignore those extra zeros and just get on with trading the ...

Those who trade for other people...

Capital gains limit is now £9200 according to my accountant Kind Regards Steve

UK Brokers and Tax

LOL, OK so what I do isn't strictly hedging as I hold long and short positions on the same pair. It seems like there are very few that trade anything like the way I do which is actually quite encouraging given the success rate in this business. I ...

whats with this "hedging" thing??

Just to clarify what I said in a previous post... If I am holding for example 2 long positions and 2 short positions at 0.5 lots per position then my used margin is zero. However, once one of these positions is closed for profit, my used margin is ...

whats with this "hedging" thing??

Thanks for the tip Scott! Just opened a new postion targetting that magic number Only joking too hehe - hope you're keeping well btw... Steve

Lets Talk GBP/JPY "the geppy"

I don't know about other brokers but I am using Saxo Bank and if I have 3 long positions at 50,000 and 3 short positions at 50,000 on at once my margin utilisation is 0%. Steve

whats with this "hedging" thing??

What's wrong with hedging? — Well, I hedge exclusively on GBP/JPY using very wide stop losses and over the last 5 months have been fairly successful. When I say very wide stop losses, I use 1000 pips but this only equates to a small % of my ...

whats with this "hedging" thing??

— Hi Forexnetworth Thanks for your kind words! All the best to you as well. Kind Regards Steve

Steviet's Live Trades!

Just a quickie to wish you all the best in your journal Kind Regards Steve

Hcruces Trading Journal ---Live trades

January totals — OK, may be my last results posting on my own live account - I'm still around but most of my attention is with trading an investor's account - more on that later. January I've taken my first losing trades but still managed to ...

Steviet's Live Trades!

LOL Tiki As you know I'm very protective of my pips hehe - must be some sort of hoarding instinct : Seriously, that daily pin looks a cracker until you look at the weekly - the pair used to be indecisive but now it's not so sure. It's one to ...

Tiki Trader Trades

YTD Balance + 3.5 % Hey Tiki - great start to the year Kind Regards Steve

Tiki Trader Trades