TraderJoeForex » Mon Jan 26, 2015 2:37 pm wrote:And look at this on H1.. can now use 1ATR 5TMA band for entries. The MACD shows the hurst cycles so don't need the centerlines on the chart..

TraderJoeForex » Mon Jan 26, 2015 8:37 pm wrote:And look at this on H1.. can now use 1ATR 5TMA band for entries. The MACD shows the hurst cycles so don't need the centerlines on the chart..

Pedro2 » Tue Jan 27, 2015 8:12 am wrote:Hi all,

Just been watching this tread and how it is progressing. It is all very interesting and thanks to pips for his coding on the indicators. Really appreciated it pips as I use them all the time. Now since the Swissy came un pegged to the Euro and I saw the biggest gap I had seen in FX ever. It got me thinking what if I was in the wrong way like quite a few traders were. Fortunately I was not in the market when that happened. Gee 100's of millions went down the drain. Brokers went to the wall and I bet many traders did too. There must have been some serious margin calls that day that required losing ones house.

So since then I have been asking myself how can I protect myself from that situation. Because that in my opinion is only the tip of the iceberg in these now currency wars and QE in all the Western countries. Personally I do not think we have seen anything yet compared to what is coming. So what is the answer to protecting ones assets when in the wrong way and not losing ones shirt? I think there is only one answer after much thought and that is FX options. Now I have played around with options a little on demo over the last 12 months. It is a different ball game compared to normal Fx trading. But since the un-peg of the Swissy I have now developed it seems a fairly fool proof system to trade 5 minute options off 1 minute charts using all that I have learnt over many years.

Yes the system uses HGI, Hurst, TMAcentered and TMA slope. Most indicators of course coming from Bob Nanning. So if you are reading this post Bob, a really big thank you for your tireless work. So what are the advantages of Fx Options.

1. You cannot lose your shirt if you are in big the wrong way with some money management.
2. Options once you can win 2 out of 3 you will make good money.
3. Options can make money winning only 50% if you use money management.
4. The worst you can lose on any one trade is your investment for that option. Be if $5 or $100. Regardless if the price goes or jumps against you several thousand pips in a couple of seconds.
5. The trading is much simpler and also much faster for profit. Much less time consuming with no stops, no take profits, no wasted time, or special delayed entries. If the pay out is 80% of your investment. Then even if the option closes only a tenth of a pip in your favor, you win 80% or your investment with no spread involved.

So what is the catch? None really except you need 2 wins ideally out of 3 investment tries. So that is what I am working on using 1m charts taking 5m options. Now there seems to be 2 types of brokers for options. Those that do options only with their own platform. Do not like them much as the platforms at times seem rather slow filling orders and not that friendly. And Brokers like Cowboy Go Markets Australia and others that trade normal Fx and options on the same platform using a options plugin FXLite for Empty4. The same account is used as your Fx account and the plugin seems much faster in operation. It is like then having the best of both worlds. Fx normal and Fx options. FxLite to me is much more friendly too. Really love it. Well I will post the system in about a week if anyone is interested on this thread or another thread if the Moderators think it is more appropriate.

Pedro

Pedro2 » Tue Jan 27, 2015 1:12 am wrote:Hi all,

Just been watching this tread and how it is progressing. It is all very interesting and thanks to pips for his coding on the indicators. Really appreciated it pips as I use them all the time. Now since the Swissy came un pegged to the Euro and I saw the biggest gap I had seen in FX ever. It got me thinking what if I was in the wrong way like quite a few traders were. Fortunately I was not in the market when that happened. Gee 100's of millions went down the drain. Brokers went to the wall and I bet many traders did too. There must have been some serious margin calls that day that required losing ones house.

So since then I have been asking myself how can I protect myself from that situation. Because that in my opinion is only the tip of the iceberg in these now currency wars and QE in all the Western countries. Personally I do not think we have seen anything yet compared to what is coming. So what is the answer to protecting ones assets when in the wrong way and not losing ones shirt? I think there is only one answer after much thought and that is FX options. Now I have played around with options a little on demo over the last 12 months. It is a different ball game compared to normal Fx trading. But since the un-peg of the Swissy I have now developed it seems a fairly fool proof system to trade 5 minute options off 1 minute charts using all that I have learnt over many years.

Yes the system uses HGI, Hurst, TMAcentered and TMA slope. Most indicators of course coming from Bob Nanning. So if you are reading this post Bob, a really big thank you for your tireless work. So what are the advantages of Fx Options.

1. You cannot lose your shirt if you are in big the wrong way with some money management.
2. Options once you can win 2 out of 3 you will make good money.
3. Options can make money winning only 50% if you use money management.
4. The worst you can lose on any one trade is your investment for that option. Be if $5 or $100. Regardless if the price goes or jumps against you several thousand pips in a couple of seconds.
5. The trading is much simpler and also much faster for profit. Much less time consuming with no stops, no take profits, no wasted time, or special delayed entries. If the pay out is 80% of your investment. Then even if the option closes only a tenth of a pip in your favor, you win 80% or your investment with no spread involved.

So what is the catch? None really except you need 2 wins ideally out of 3 investment tries. So that is what I am working on using 1m charts taking 5m options. Now there seems to be 2 types of brokers for options. Those that do options only with their own platform. Do not like them much as the platforms at times seem rather slow filling orders and not that friendly. And Brokers like Cowboy Go Markets Australia and others that trade normal Fx and options on the same platform using a options plugin FXLite for Empty4. The same account is used as your Fx account and the plugin seems much faster in operation. It is like then having the best of both worlds. Fx normal and Fx options. FxLite to me is much more friendly too. Really love it. Well I will post the system in about a week if anyone is interested on this thread or another thread if the Moderators think it is more appropriate.

Pedro