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How to Profit even if you are wrong

zaragorath · 18 · 3889

zaragorath

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on: Jan 24, 2012, 10:20 PM
Is it possible to take advantage of a candle's life to profit from it even if it goes the other way? :D


vicces

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Reply #1 on: Jan 24, 2012, 10:29 PM
hindi ba yan yung idea behind "hedging" strategy? but for forex brokers based in the US, this has already been disallowed, correct? i have very vague recollection na... #memorygap


zaragorath

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Reply #2 on: Jan 24, 2012, 10:31 PM
Oh no, this start works on any broker :)), just wondering if it exists. No hedging, its a natural behavior of a candle; to move both ways right?


Admiral_Markets_Ph

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Reply #3 on: Jan 25, 2012, 11:27 AM

" How to Profit even if you are wrong "

Topic title sounds interesting...
Lets hear it from the season traders out there the Logic behind this ...
Lets hear their expert opinions...


ferrariEverest

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Reply #4 on: Jan 25, 2012, 11:33 AM
Is it possible to take advantage of a candle's life to profit from it even if it goes the other way? :D
Sir, pakiklaro yung tanong mo.


AViBa

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Reply #5 on: Jan 25, 2012, 02:18 PM
Da best...Wrong ka na...profit pa...
Palinaw mga masters... meron ba nito?


ferrariEverest

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Reply #6 on: Jan 25, 2012, 02:29 PM
tingin ko ibig sabihin nito....
may losses ka pero at the end of the day profitable ka.

"small losses, big profits"
losses are lesser & smaller than the profits.


jmiyake

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Reply #7 on: Jan 25, 2012, 03:19 PM
Oh no, this start works on any broker :)), just wondering if it exists. No hedging, its a natural behavior of a candle; to move both ways right?

If you are doing carry trades, irregardless of your position in the market as long as you don't close the trade and your margin can handle the losses, you will earn through swaps(interest). 


ferrariEverest

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Reply #8 on: Jan 25, 2012, 03:24 PM
^ok yan sa marunong magcarry trade at kung malaki ang kita mo sa swaps kumpara sa floating loss.
kaya nga hindi yan para sa karamihan.


jmiyake

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Reply #9 on: Jan 25, 2012, 03:37 PM
^ok yan sa marunong magcarry trade at kung malaki ang kita mo sa swaps kumpara sa floating loss.
kaya nga hindi yan para sa karamihan.

So true, advisable for $50k accounts. Accounts of smaller amount would just be a waste of time...



zaragorath

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Reply #10 on: Jan 25, 2012, 10:50 PM
hmm, hint: all candles have wicks, which means markets go on both sides, if you trade only 1 candle at a time, this will be relevant :), the candle shadow is bound to cover both your position and the opposite in its life.


SAGAD

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Reply #11 on: Jan 25, 2012, 11:27 PM
more hint pls....hehe

are referring to a martingale type strategy?


ferrariEverest

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Reply #12 on: Jan 26, 2012, 12:24 AM
hmm, hint: all candles have wicks, which means markets go on both sides, if you trade only 1 candle at a time, this will be relevant :), the candle shadow is bound to cover both your position and the opposite in its life.
note:
not ALL candles have wicks on both sides.


jmiyake

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Reply #13 on: Jan 26, 2012, 07:37 AM
hmm, hint: all candles have wicks, which means markets go on both sides, if you trade only 1 candle at a time, this will be relevant :), the candle shadow is bound to cover both your position and the opposite in its life.

ex. If the general trend is bullish but you made a mistake in choosing your entry point. You must expect that the candle will dip but in the end it will correct itself and follow the trend.

So, what has the wick got to do with your position because as far as I know there are only 2 positions buy/sell. And once you buy you cannot sell that same currency pair. Unless your broker allows it...


zaragorath

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Reply #14 on: Jan 26, 2012, 07:50 AM
Its all about how you choose your entries then, you can't change the end, but if you know there will be a big movement to your side(guaranteed), then whether the candle closes bullish or bearish matters not. Your right not all candles have wicks, most of them do; that's why entries matter


 


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