If Friday trades have been shown to be consistently and historically catastrophic, how about reversing them?
We will risk only 0.5%+ of loss, maybe quite a few of them, but once in a while... BAMMM 10-15% gain.
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Decided to cancel all signal services and do only manual trade myself, I feel safer. Take care guys.
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Originally posted by ales View PostNah... none knows where is it going or better to say everyone might have an idea where is it going and its upto each trader how he will place his trade accordingly (meaning - your entry, target and stop). Institutional or retail. Doesnt matter.
Institutional trader (and i have been one for 10+ years) had been allocated a risk capital he can play with, open position limits, hard monthly stop set up etc ...
The myth of banks can move the markets is also wrong. Markets are much much much more deeper than one ticket can really move the whole market, believe me.
Anyways, hopefully Smart comes out of trouble and don't do the same mistake over and over again. I state this as a mistake because if it's part of the strategy we should run.
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Guest repliedClose MT4 and wait what will happen.
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Now second aususd buy .. not perfect timing .. maybe after the news could have been better ...
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Originally posted by Anton123 View PostIn fact, not exactly. Institutional traders simply DO KNOW where the currency will go.
They have access to insider information the retail traders haven't.
And they have enough money from their banks to move markets where they want it to be.
Institutional trader (and i have been one for 10+ years) had been allocated a risk capital he can play with, open position limits, hard monthly stop set up etc ...
The myth of banks can move the markets is also wrong. Markets are much much much more deeper than one ticket can really move the whole market, believe me.
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Originally posted by Vidster View PostRetail traders are right in 60%+ trades and still they lose. Institutional traders win 40-45% of them and they take majority of the money.
Where is the difference and why?
Simole answer. They admit and take the loss when necessary. Period.
They have access to insider information the retail traders haven't.
And they have enough money from their banks to move markets where they want it to be.
Only Kilimanjaro is doing this among all other FS traders. He is least profitable but he cannot blow like others can.
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Originally posted by primi View PostDon't take it as an investment advice but this is the level where you start looking for shorts not closing them.
On the other hand I understand going short usdcad at the bottom. Trend has better odds of continuing rather than reversing. But when it's clear factors are pointing higher prices, why not admitting and close out?
Retail traders are right in 60%+ trades and still they lose. Institutional traders win 40-45% of them and they take majority of the money.
Where is the difference and why?
Simole answer. They admit and take the loss when necessary. Period.
Only Kilimanjaro is doing this among all other FS traders. He is least profitable but he cannot blow like others can.
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yes, too bad smart opened shorts at bottom and we don't have any more manoeuvring. Scalper is left with 1 trade and losses are bigger than 25% there, so even if this one goes to TP we are still in huge loss considering we didn't recover from the last hit in November...
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Originally posted by primi View PostDon't take it as an investment advice but this is the level where you start looking for shorts not closing them.
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Originally posted by yvancoronado View PostOh well. I just closed the trades and took the loss.. will manually short later on top with tight SL hopefully to recover some los..
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Closing the trade, don't feel good at all . Usdcad is very unpredictable pair . Wanted to close this trade earlier , now regret big time for not doing so.
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Originally posted by goral123 View PostJust to be sure- are we waiting now for reversing of this uptrend?
It doesn't make sense in doing good performance if you blew it all up on one single bad trade.
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Oh well. I just closed the trades and took the loss.. will manually short later on top with tight SL hopefully to recover some los..
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Just to be sure- are we waiting now for reversing of this uptrend?
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