The Captains Chest - Naked Trading & Other Stuff

as28 · Post by **as28** » Fri Oct 09, 2015 11:46 am

Could you give us more explanation why you have these trades?
CJPY GA and UC?

Post by **sympathy** » Fri Oct 09, 2015 11:49 am

Simple as this

Post by **sympathy** » Fri Oct 09, 2015 11:52 am

Am gona enter this trade with another style

once that trend-line is broken, i hammer it down

Post by **sympathy** » Fri Oct 09, 2015 11:58 am

I lost some cash bcos of this pair pinning up/down but today am gona hammer the hell out

Post by **sympathy** » Fri Oct 09, 2015 12:11 pm

CAPTAIN......................Still testing some stuffs guys

forexnerd11 · Post by **forexnerd11** » Fri Oct 09, 2015 12:34 pm

Hi sympathy any reason behind multiple positions at same price point. Is it for scaling purpose ?
thanks

Post by **sympathy** » Fri Oct 09, 2015 2:31 pm

forexnerd11 » Fri Oct 09, 2015 1:34 pm wrote:Hi sympathy any reason behind multiple positions at same price point. Is it for scaling purpose ?
thanks

Once i see a nice setup, i place as much as i can bcos i know i will win it.you can double your account in a day but if you fail, hmmmm is gona be a problem to your account

Post by **sympathy** » Fri Oct 09, 2015 5:07 pm

Post by **matt_32** » Fri Oct 09, 2015 5:11 pm

sympathy » 09 Oct 2015 16:31 wrote:
forexnerd11 » Fri Oct 09, 2015 1:34 pm wrote:Hi sympathy any reason behind multiple positions at same price point. Is it for scaling purpose ?
thanks
Once i see a nice setup, i place as much as i can bcos i know i will win it.you can double your account in a day but if you fail, hmmmm is gona be a problem to your account

Sympathy ,
I was wondering that too. Please explain why don't you use higher lot sizes and you prefer a lot of smaller entries at the same point.
I mean why you enter with 5 trades of 0.10lots instead of one trade of 0.5lots ?

Thanks in advance
Matt

Captain Jack · Post by **Captain Jack** » Fri Oct 09, 2015 5:23 pm

matt_32 » Fri Oct 09, 2015 1:11 pm wrote:
sympathy » 09 Oct 2015 16:31 wrote:
forexnerd11 » Fri Oct 09, 2015 1:34 pm wrote:Hi sympathy any reason behind multiple positions at same price point. Is it for scaling purpose ?
thanks
Once i see a nice setup, i place as much as i can bcos i know i will win it.you can double your account in a day but if you fail, hmmmm is gona be a problem to your account

Sympathy ,
I was wondering that too. Please explain why don't you use higher lot sizes and you prefer a lot of smaller entries at the same point.
I mean why you enter with 5 trades of 0.10lots instead of one trade of 0.5lots ?

Thanks in advance
Matt

I do the same thing...the reason I place multiple trades at or near the same point is because I am not risking a huge initial trade and exposing myself to a larger loss if I am wrong. I place a trade, and if it performs as I think it should, I add more orders. I will continue to add orders once the trade confirms and starts moving in the intended direction. If I'm wrong on my initial order, I take my small loss and move to the next setup.

Sympathy can confirm this I believe, but there is a "rhythm" to these trades... it's almost like a song, a dance or movie that you have seen before. Once you pick up on this "rhythm", you will know when that initial trade is correct or not, just the same as you know the next note of the song, the next step of the dance or the next scene of a movie that you have seen multiple times.

-CJ-