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Once the first target is hit we move to breakeven on the 2nd unit

Ivan - of course. i only put them in there because there were requests in the thread. If anyone wants info please just google it. Also a lot of my trading ideas are available for free on youtube where we have our channel so feel free query me on any of those strategies, I'll be happy to...

Brett was just too easy a target and I was trying to be a gentleman. See my responses to hedging in other posts. I consider it a psychological crutch and nothing more but perhaps there is a trader out there who can describe a logical hedging technique that has merit. i am open to ideas.

PS1 if the hedge is uneven you have either locked in a gain or a loss (spread cost aside) Hedging with options is a genuine risk control measure. It allows you to stay in the position ( at least for the duration of expiry ) without the need for a stop - but at often very expensive cost of...

I my opinion hedging is simply the act of paying spread twice. Ultimately to make a trade you need to assume risk and that means lifting one leg of the hedge. There may be other psychological reasons that traders use hedging, but we do not. We are strictly stop/limit traders that take...

Our trading account record is about -200 points less (1965.11 to be exact as of yesterday) than the 2000+ pips we banked in 2008 so far, primarily due to roll costs ( we don't account for those) and also because of entry slippage. We are market takers and enter after our signal is sent behind...

More importantly - wonder how he is doing in this vicious credit environment.

No we do not.

Nash please read carefully. After we bank +30 we move to breakeven so the 2nd unit carries no risk at that point.

2 units each has -60 point stop so total risk is -120 we use 2 units because we want to bank some quick short term profit and then try to milk the rest for triple digits if we can

NP - nobodies hates a drawdown more than me - but its part of the game. Best of luck in futs.

From the bitterness in your tone it sounds like you caught the service during a drawdown, which is unfortunate. Like all good traders, we have refined our model considerably since then and the results have been dramatically better. As I said, our current streak of 20 positive trades in a...

We are no longer with FXCM. The FXCM managed money program never had anything to do with us. We are discretionary traders and that program is all algo driven. BKT is our signal service totally separate from our work as analysts at GFT. You may actually want to visit the site and do...

We trade event risk with the following parameters: 1. 2 units 2. Stop of 60 points (120 point total risk) 3, 1st Target is 30 points 4. Position moves to breakeven 5. 2nd unit is actively managed to obtain 100+ points. How often do we make 100+ on the 2nd unit? - about 20% of the time...

Again everything we do is documented in a real trading account. We have the facts to back up everything I've written here unlike the amateur speculation that masquerades as analysis on ET. Some one wondered why I do not post more here and this is precisely the reason. Trying to have an...

Yes of course we have a fundamental thesis. I love how on ET people are so quick to criticize without having even the smallest clue of what we do. This year we made more than 95 trades with more than 75 of those winners for a more than 75% accuracy rate with more than 2000+ points of...

We have absolutely no affiliation with it. Someone just brought it up on the thread and I wanted to point out that all the recent reviews by our subscribers have been overwhelmingly positive with respect to their experience with us. Our trading model has been extremely robust in this...

You can post any questions here and I'll try to respond

Yes we are going to have a "where are they now" chapter. Most are still trading proving that these guys were the real deal

Obviously I meant 2008. If you look at the 10 most recent reviews on Forex peace army they are all 5 stars or 4