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Freedom Rocks: Forex Hedging (Part 2)

buddy · 295 · 48823

buddy

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Reply #15 on: Feb 03, 2007, 08:36 AM
I noticed that FR has a boomerang effect. The more drawdown you have
the more returns you will get. So it goes with the saying that
if you risk high, you gain high.

There are also instances that one currency is going south too fast and
your correlation will get so wacky. Be ready with that and dont
freak out because it will happen a lot of times I'm telling you.
Relax and drink a lot of water when that time comes because when the
market goes south it will eat your available margin like theres no
tomorrow. But the good news is, the big drawdown will give you more
earnings when it returns back doing 60 mph in 3 secs (specially in NEWS TIME).
You will see it sooner or later.

When you average 20% per month, I bet you will look for other strategies or
risk more of your money by increasing your margin with your existing system. Everybody wants to be millionare tomorrow, it's a never ending chase.
Ofcourse that is my opinion and you dont have to agree with me.

Goodluck my friend and go for the pips!


gr8collector

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Reply #16 on: Feb 03, 2007, 10:48 AM
Ping - the transfer took me less than 16 hours from when i sent it.  Telegraphic transfer (wire) yesterday at 10am (BDO) and it was in my account when i got home at 3am this morning.

I already put the trades in (3 pairs -Eur , Gbp and Chf)

1.5% drawdown as expected going into the weekend.  

What you have to keep reminding yourself when using FR is to keep that margin nice and low so that you'll always be far from a margin call.  Even without the Yen at my portfolio i used 10% margin just to be safe.  Even in the future when i experience profits from FR ill keep my margin at 15% at the most.



Mike QC

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Reply #17 on: Feb 03, 2007, 01:22 PM
Quote from: buddy
I noticed that FR has a boomerang effect. The more drawdown you have
the more returns you will get. So it goes with the saying that
if you risk high, you gain high.

There are also instances that one currency is going south too fast and
your correlation will get so wacky. Be ready with that and dont
freak out because it will happen a lot of times I'm telling you.
Relax and drink a lot of water when that time comes because when the
market goes south it will eat your available margin like theres no
tomorrow. But the good news is, the big drawdown will give you more
earnings when it returns back doing 60 mph in 3 secs (specially in NEWS TIME).
You will see it sooner or later.

When you average 20% per month, I bet you will look for other strategies or
risk more of your money by increasing your margin with your existing system. Everybody wants to be millionare tomorrow, it's a never ending chase.
Ofcourse that is my opinion and you dont have to agree with me.

Goodluck my friend and go for the pips!


Hi buddy, thanks a lot for sharing your great experiences with Freedom Rocks and really appreciate them.  As what I've been telling everyone here, and just like investing in other forms of investments, we should always exercise discipline, self-control, steadfastness and focus on our long-term goals and not just those short-term daily market swings that can eat us alive. We should not let the greed factor come into play always.

For me, Freedom Rocks is more like a gift and that we have to use it properly.  I'll admit, FR is what got me into forex trading, which I've been avoiding for ages due to its 95% failure rate.  Now FR made life a lot easier and safer for forex traders and newbies and as long as you always go easy with your margins and your choice of pairs, FR will always work for you for many years to come (with or without drawdowns).  But again, unexpected major worldwide events such as natural disasters, wars, terrorist acts, geopolitical and economic instability will always move the financial markets in a big way so whether you're into stocks, forex, mutual funds, commodities, etc. etc., you should always have safety parameters in place.

Like it or not, Freedom Rocks is a major shift from traditional forex trading and once again for the benefit of all those who are curious about FR, here's the comparison:

Freedom Rocks:

It is so perfect even for Newbies as the software already does 95% of the job for you so it.....
• Requires NO prior trading experience
• Requires NO research
• NO charts or graphs to read
• Analyzes and calculates your positions and provides you BUY & SELL points
• Not having to really understand and again, it just let the software do 95% of the work for you.
• Practice with live trades in the market, without risking a penny
• No cost to utilize a trading platform for execution of trades.
• Includes step-by-step instructions and screenshots showing what your trades will look like.
• Takes just a few minutes per week to manage a portfolio of any size.
• Provides structure to your trading approach, helping you set up a balanced portfolio & suggesting BUY & SELL points for your positions.
• The Simplicity of a "set it and forget it" type of approach to trading without having to watch multiple charts on my monitor on an ongoing basis.
• Alerts you by text message or email when your trades execute, so there is no need to monitor your progress throughout the day and there is no risk of you missing a trading opportunity.
• Allows you to balance your portfolio to earn varying rates of interest on your account.
• It is a major shift from anything you've ever seen.
• AND more importantly here's what I like most.... it drastically reduce your risk exposure and you're definitely NOT included in the statistical 95% failure rate that traditional forex trading entails (as long as you're doing it correctly, and you're not being so greedy with your margins).

Traditional Forex Trading:

• It takes several months or even years to learn.
• You do the technical and fundamental analysis and hope you always accurately predict the market direction.
• You read multiple charts, graphs and indicators and hope that you are doing it correctly.
• You are glued to your computer and always pray that the market will go your way.
• You always worry and may cause you sleepless nights.
• You are expose to that dreaded statistical 95% failure rate that traditional forex trading entails.

But don't get me wrong,  as I've said traditional forex is really good to learn (which I did) and will of course give you an advantage.  :thumbsup2

 


Ping

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Reply #18 on: Feb 04, 2007, 07:37 AM

Ping - the transfer took me less than 16 hours from when i sent it.  Telegraphic transfer (wire) yesterday at 10am (BDO) and it was in my account when i got home at 3am this morning.

I already put the trades in (3 pairs -Eur , Gbp and Chf)

1.5% drawdown as expected going into the weekend.  

What you have to keep reminding yourself when using FR is to keep that margin nice and low so that you'll always be far from a margin call.  Even without the Yen at my portfolio i used 10% margin just to be safe.  Even in the future when i experience profits from FR ill keep my margin at 15% at the most.






Great!  They got my funds in less than 15 hours too!

Was able to open my live trade, for the first time!  400:1, 3 pairs, 10%



gr8collector

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Reply #19 on: Feb 04, 2007, 08:58 AM
great job Ping!!!  keep us posted on your results.  
Always go by your planned strategy and never deviate because of emotions.  


Ping

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Reply #20 on: Feb 04, 2007, 01:50 PM
Quote
Yen slides to new lows

The Yen is by far the weakest major currency in the world, having recently touched an all-time low against the Euro and a four-year low against the USD, despite strong economic fundamentals and a positive current account balance. It has been reported exhaustively that the cause of the Yen weakness are low interest rates, which has spurred investors to borrow cheaply in Yen and invest in higher-yielding currencies. Even domestic Japanese investors are exerting downward pressure on the Yen by shifting funds abroad in the search for yield. The lower the Yen drifts-in complete defiance of economic fundamentals-the greater the risk a sudden reversal poses to global forex markets; at this point, it could be devastating. The Wall Street Journal reports:

    The extent of this kind of trading is notoriously difficult to measure. But, according to a Jan. 26 report by Barclays Capital, the magnitude of yen-funded carry trades “is reaching scary levels” not seen since 1998.



Does this mean we should shy away from JPY, or this is a good chance to trade JPY, hoping it'll comeback in the next couple of days?!


 :confused:


BasicSpot

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Reply #21 on: Feb 04, 2007, 08:34 PM
 :confused:


Mike QC

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Reply #22 on: Feb 05, 2007, 03:10 AM
Quote from: Ping
Does this mean we should shy away from JPY, or this is a good chance to trade JPY, hoping it'll comeback in the next couple of days?!


Maybe or maybe not.  IMHO, if you happen to buy the yen at its lowest price and hold onto it until it fully recovers (assuming you're hedge on the most stable pairs, eur/usd & usd/chf ), you will definitely see some big benefits. But the question is we don't know how long will it take for the yen to recover and how long you'll be willing to keep those positions open (which may encounter wild swings along the way and expose you to several small or huge drawdowns before it hits your target).  Remember, although gbp/usd already adds some volatility, the usd/jpy will add more spice to it and give you further excitement due to its higher degree of volatility. Again, usd/jpy got the weakest correlation against those european  pairs and is very upredictable......one day it may be on your side then on the next day it may move against you.  Fyi, usd/jpy's historical correlation against the eur/usd ranges from -0.31 to -0.84 and at times even hits -0.04 to -0.16. With gbp/usd, its correlation ranges from -0.20 to 0.86.  Hope this helps. :)


lehboy

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Reply #23 on: Feb 05, 2007, 01:04 PM
Musta na live results ninyo? Sabay sabay pala kayo halos nagopen


gr8collector

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Reply #24 on: Feb 05, 2007, 02:25 PM
still have a drawdown of 1-1.5%.  not too worried though as this can easily be covered by the swap rate in less than a week.


gr8collector

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Reply #25 on: Feb 05, 2007, 08:55 PM
just checked again and drawdown is now around 3.5%.  just hit a buy limit on gbp/usd.

Mike, i just upgraded under you.  


Ping

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Reply #26 on: Feb 05, 2007, 09:06 PM
Mine is -4.0% now, hit a buy limit at GBP/USD too!  ... and going down quite fast!?!  :cry:

@gr8collector, how many ID number was "issued" to you?

@MikeQC, were you able to see my name under you na? gr8collector's?
« Last Edit: Feb 05, 2007, 09:20 PM by Ping »


gr8collector

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Reply #27 on: Feb 05, 2007, 09:42 PM
yup. still went down.  still a comfortable margin left though.  dont worry too much about it Ping.  we'll be okay soon.   :thumbsup2


lehboy

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Reply #28 on: Feb 05, 2007, 11:34 PM
yup pabagsak pa nga rin. my account opened on 1/23 is now down 50% (10000 demo). Another account opened on 1/26 is down 24%. Both accounts use 4 pairs


Mike QC

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Reply #29 on: Feb 06, 2007, 01:25 AM
Quote from: Ping
Mine is -4.0% now, hit a buy limit at GBP/USD too!  ... and going down quite fast!?!

Hi Ping, I suggest you turn off your computer now and go get some sleep hehe.  That's nothing and you guys will be ok soon.  
Quote
@MikeQC, were you able to see my name under you na? gr8collector's?

Yup I saw your name already.  Gr8collector already signed up but is yet to activate his account.

Quote from: gr8collector
yup. still went down.  still a comfortable margin left though.  dont worry too much about it Ping.  we'll be okay soon.

Yup Euro, GBP and JPY are all currently down but don't worry guys it's not a big deal and it will correct soon. Go get a good night sleep.  :thumbsup2
« Last Edit: Feb 06, 2007, 01:28 AM by Mike QC »


 


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