FX:USDCHF   U.S. Dollar/Swiss Franc
152 27 2
This Pair Will Rally arround +/- 20 pips but i see it will continue to bearish . this pair is still bearish for few week ahead.
Fundamental : i dont believe the fed will change interest rate. to risk for US economic.

For you to know, i never use stop loss. my mentor said " why you use stop loss if you know support and resistant. if market against you you must prepare to do hedging if neccesary"
Suppose price turns against you, how do you hedge?
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oby.mihing EmanuilValkov
i suppose the price against me above 127.6% of fibbonacci retracement. i'll take buy stop. that what i mean about i do hedge if neccesary. and if order being execute. i not gonna take target on it hedge cos it just for to save my first action.
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EmanuilValkov oby.mihing
this way you just lock the (already accumulated) loss. what happens if keeps moving against you? when do you exit both positions ? plus, you have margin involved in both positions and unless is Roll-positive: 1.your available capital is tight up 2.you pay for negative Roll-over
How do you clear the non-performing positions from your portfolio without swallowing the same amount of loss that you would either way take with normal Stop-Loss order ?
Reply
oby.mihing EmanuilValkov
it's good question. many people also ask me the same question like you. but it important to me to improve my trade in time to time.
i allocate loss, not lock it yet. if it keep moving against me. it simple, i just looking another pait to trade. for you to know i never married in on trade. i used only small amount to trade so i can spread in many trade.
Reason why i never use stop loss, i think Goldman Sach never use stop loss in $ 1 billion of their trade. i can't imagine how much they afford to lose on that trade if they use stop loss.
if you want to hedge, please do not in one broker. it's important because if you only use one single broker, you cannot trade balance (carry and trade).


Reply
EmanuilValkov oby.mihing
so you are using only small amounts to trade but all of your money come from Forex? how does that work? and you exit good positions on the profit target but never exit bad positions?
How does it matter to "hedge" with different brokers? At the end of the day, you either going to be $500 up, or $500 down (gross), regardless of your dealer.
Goldman has $9.3 billion revenue for 1Q14, how does that compare to your account (if we are to collate on "margins for error" basis) ?
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EmanuilValkov EmanuilValkov
ZH - "Goldman closes its recommendation to buy Russell 1000 Growth vs. Value following a 50 bp loss"

Obviously $GS it does stop their losses. that's why people call it StopLoss
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oby.mihing EmanuilValkov
i don't believe it GS will cut their loss. how come they'll get big profit if they always cut their lose.
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EmanuilValkov oby.mihing
they run futures,options,CDS,MBS,bonds... everything. SL in FX translates to profit into yields.. etc. Plus, being market maker, means that they can legally front run the orders with HFT. Proprietary trading is very very little part,.. very little.
If they never took loses, people would start asking questions ( http://www.huffingtonpost.com/2010/05/10/goldman-sachs-not-a-singl_n_570196.html ), Proprietary trading, regardless of the money management system, is not 100% efficient. It is all for appearance purposes.
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oby.mihing EmanuilValkov
yes everyone knows about they investing their money in all instrument of investment but i'm really sure people never know, exactly the the term they took in every transaction. why they always take revenue no matter market goes on. i just follow my instinct and my intuition to trade and so far i always take profit profit.
Reply
EmanuilValkov oby.mihing
so it has nothing to do with GS money management rules, different brokers or hedging. you just follow your intuition ....,right :-/
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