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"
EmanuilValkov
2 years ago
Suppose price turns against you, how do you hedge?
Reply
oby.mihing EmanuilValkov
2 years ago
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.
Reply
EmanuilValkov oby.mihing
2 years ago
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
2 years ago
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
2 years ago
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) ?
Reply
EmanuilValkov EmanuilValkov
2 years ago
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
Reply
oby.mihing EmanuilValkov
2 years ago
i don't believe it GS will cut their loss. how come they'll get big profit if they always cut their lose.
Reply
EmanuilValkov oby.mihing
2 years ago
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.
Reply
oby.mihing EmanuilValkov
2 years ago
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
2 years ago
so it has nothing to do with GS money management rules, different brokers or hedging. you just follow your intuition ....,right :-/
Reply
oby.mihing EmanuilValkov
2 years ago
yes, if we using different broker to hedging. we can earn from swap interest. i may follow my intuition but i must know reason to do buy or sell, first so i'll take a blind order (do not what to buy or sell). thank you because i can discover what thing i never think before this our conversation.
Reply
oby.mihing oby.mihing
2 years ago
have know about trade balance before ?
Reply
EmanuilValkov oby.mihing
2 years ago
all major platforms pay (or charge) for swap (a.k.a. roll-over) depending on the interest rate differential and the direction (Sell or Buy), known as Carry-Trade. Import-Export companies engage in Carry-Trade to limit market volatility in their balance sheets.
Large trading houses often have a "yard" or two in options, mainly driven by event risk. So far, I have not met anyone putting out even just a few "rocks" for the carry. it is a nice bonus if you have hard asset as collateral, but in the case of purely speculating currency fluctuations, the most optimistic scenario will earn 3 - 5% of your position, which has no way of compensating for the remaining 95% loss.
Reply
oby.mihing EmanuilValkov
2 years ago
i was try it when Liberty reserve still exist.
Reply
EmanuilValkov oby.mihing
2 years ago
:-) what do you mean ?
Reply
oby.mihing EmanuilValkov
2 years ago
you know Liberty reserve ( freeze by FBI). it's Payment method. before it freezed by FBI. it's my payment method to do deposit and withdraw to do a trade balance. but today i dont it strategy. it's true i never felt to use it strategy but always wasting my time to deposit and withdraw. with my trade balance strategy i alway made profit just 3 - 5 % monthly.
Reply
EmanuilValkov oby.mihing
2 years ago
why would you do that ? You don't have to move actual money in-and-out. for example,Holding Long NZDCHF is a carry trade with positive 3.25% interest rate. it has been paid every day after 5pm. ET on your margin involved (not the stated leveraged position). My whole point is that carry trade returns, do not justify holding large positions in negative performance. If your position squeezes you 170 - 180 pips there is logic in holding it hoping the carry to cover negative balance.
Reply
oby.mihing EmanuilValkov
2 years ago
i used a regular broker and islamic account to get swap interest. but i'm not gonna do that again. today i have finest strategy after i attend professional trader class and improved my trading behavior.
Reply
EmanuilValkov oby.mihing
2 years ago
so what is it that you improved the most, can you give an example ?
Reply
oby.mihing EmanuilValkov
2 years ago
yes of course it improve me so well. i found the answer why retail trader lose money. it because 90/90/90. 90 % retail trader lost their 90% money in 90 days. the key to be succes trader is to be a professional trader.
Reply
EmanuilValkov oby.mihing
2 years ago
ok ,... do you have some advice how to be a professional ?
Reply
oby.mihing EmanuilValkov
2 years ago
as a former retail trader, i must affiliate with financial institution that can connet directly to the market. if we trade as retail trader sometime we will facing a conflict of interest. it quite different abit with pro trader. as we know swap or else is a revenue for broker.
Reply
EmanuilValkov oby.mihing
2 years ago
not giving any details can mean only 1 out of 2 things:
1. you don't have a clear answer because you don't know
or
2. you think that "over the counter" with "no dealing desk" is some premium (pro's) feature.

Who is the broker you trade with ? what is the name of the platform you are using ?
Reply
oby.mihing EmanuilValkov
2 years ago
everyday i face bloomberg terminal as a trading platform and execute order by phone. i affiliate with felix f toemion (indonesia).
Reply
EmanuilValkov oby.mihing
2 years ago
So what is that you can do on on the BT that you can not do anywhere else ?
Reply
oby.mihing oby.mihing
2 years ago
i'll not take a blind order.(rectified)
Reply
oby.mihing EmanuilValkov
2 years ago
yes i'm using small amount to trade but adjust with my capital. but not by lot size. i'm using money management system to calculated how much money i'll trade. i never put egg in one basket.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out