The Captains Chest - Naked Trading & Other Stuff

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 5:44 pm

12016-10-20_8-46-08.jpg

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 5:48 pm

Mac » Thu Oct 20, 2016 1:22 pm wrote:I have the same questions. Moreover, in the case of such news most of the brokers will not allow you to close your positions because you get the pop up message with requote...

Perhaps you need a new broker? You are getting requotes on market close orders? Have you ever used a "close all" script?

-CJ-

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 5:53 pm

You guys are saying the market pulled back so fast you can't react.... I set each and everyone of those stops on the all of those charts multiple times during that move, and I have way more orders than you would have.

If your broker is shit, then get a new one. If it's not your broker, then take responsibility for your trade!

If you guys think I never take a losing trade, you live in a fantasy world. I take responsibility for every loss and I cut them early. Then I move to the next set of trades.

-CJ-

2016-10-20_13-57-59.jpg

Mac · Post by **Mac** » Thu Oct 20, 2016 6:06 pm

Yes, even if you try to close one single trade on the news event such like this one today then you can get many requotes before you will be able to do that...Of course, if you are trading on a live account.

Moreover, I do not want to be rude but you learned all of us through the 1502 pages of this thread that you do not use the hard stops. Now you are showing us that the using of hard stops are fine...

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 6:17 pm

Mac » Thu Oct 20, 2016 2:06 pm wrote:Yes, even if you try to close one single trade on the news event such like this one today then you can get many requotes before you will be able to do that...Of course, if you are trading on a live account.

Moreover, I do not want to be rude but you learned all of us through the 1502 pages of this thread that you do not use the hard stops. Now you are showing us that the using of hard stops are fine...

These are protective stops, protecting trades that are well in profit...exactly what I mean when I say to PROTECT YOUR ORDERS - TAKE WHAT'S GIVEN AND DON"T GIVE IT BACK.

All through the thread I say I use mental stops, 10-15 pips above my entry point when I trade. These are for initial orders. Once orders are in profit, they are protected. If they back up and close those orders, I have the option to re-enter, BUT I TOOK WHAT WAS GIVEN.

I don't want to be rude either, but you need to take responsibility for your trades. After all, it is your money.

And for what it's worth to you, I have never had an order not close when I use a "close all" script.

-CJ-

Mac · Post by **Mac** » Thu Oct 20, 2016 6:28 pm

Thank you for information.

I would like to ask you about one more thing because I see that you trade on higher stakes, i.e. in tens of thousands. Which brokers do you recommend that do not make problems with requotes ?

Post by **rewand** » Thu Oct 20, 2016 6:35 pm

In the meantime, does not it look like a W being formed? So we can soon get back to square 1 : )

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 6:53 pm

Mac » Thu Oct 20, 2016 2:28 pm wrote:Thank you for information.

I would like to ask you about one more thing because I see that you trade on higher stakes, i.e. in tens of thousands. Which brokers do you recommend that do not make problems with requotes ?

Perhaps you should look into Global Prime. If there are any problems there, Jeremy can see to them. As a US citizen, I an unable to open an account there.

http://www.stevehopwoodforex.com/phpBB3 ... =52&t=1394

There are many here who use them and could give you more information.

-CJ-

Captain Jack · Post by **Captain Jack** » Thu Oct 20, 2016 6:54 pm

rewand » Thu Oct 20, 2016 2:35 pm wrote:In the meantime, does not it look like a W being formed? So we can soon get back to square 1 : )

Take it for what it's worth, nothing has changed with the pair...

-CJ-

jksynergyworks · Post by **jksynergyworks** » Fri Oct 21, 2016 5:49 am

Captain Jack » Fri Oct 21, 2016 2:17 am wrote:
These are protective stops, protecting trades that are well in profit...exactly what I mean when I say to PROTECT YOUR ORDERS - TAKE WHAT'S GIVEN AND DON"T GIVE IT BACK.

All through the thread I say I use mental stops, 10-15 pips above my entry point when I trade. These are for initial orders. Once orders are in profit, they are protected. If they back up and close those orders, I have the option to re-enter, BUT I TOOK WHAT WAS GIVEN.

I don't want to be rude either, but you need to take responsibility for your trades. After all, it is your money.

And for what it's worth to you, I have never had an order not close when I use a "close all" script.

-CJ-

Thanks CJ. It makes sense now.