Hill's AIMS Learning and Trading Journal

[baldeagle]

Thanks for the image. I must be getting over indicated. I thought you meant PSAR.

Ed

[immy]

SAR = Stop and Reverse. Its a concept associated with trading the Fruit Strategy.

[Hill]

in the last several days, 10days, I am looking charts with the old Cherries Indicator.

It seems Hunt is the absolute best system and after certain time of one's exposure to Hunt, the signals are pretty much predictable and only thing is to follow the MM.

I am planning to join Hunt Skype in December and learn that properly.

I tried to join few times, due to lack of time could not continue. tried forum only also, but I dont think that is helpful to learn.. need to be there with the gang which Hunts.

Thanks Immy, Grant, Steve and all the key people who developed Hunt.

[Hill]

just got call from FXCM, about increase in margin requirements.
The stupid regulators did this again. I have till Monday 5.00pm EST to either fund more or reduce position size on GBP pairs.

[baldeagle]

Agreed! This is what I got from Oanda.


EUR/GBP: from 2% (50:1) to 5% (20:1)
GBP/CAD: from 2% (50:1) to 5% (20:1)
GBP/NZD: from 2% (50:1) to 5% (20:1)
GBP/USD: from 2% (50:1) to 5% (20:1)
GBP/JPY: from 3% (33:1) to 5% (20:1)
GBP/AUD: from 3% (33:1) to 5% (20:1)

I hope we don't vote in MORE regulations!

Ed

[baldeagle]

Just got another notification from Oanda about increasing margins for more pairs. I tried to get the specific regulation that was being used but they said they didn't know (!). I think we should try to find out what is going on and try to notify our congressman. With the new administrations attitude to help small businesses maybe we can get some of these regs reversed. Wouldn't it be nice to be able to trade like the rest of the world?
Ed

[Hill]

imo,there is no need bother about the things, which are not in our control.

We use the environment provided by the brokers and when it changes we have to adjust things, we are in control, like lot size, risk.
all other factors are determined by the ever changing trading conditions and market.

In USA, the Govt wants people to invest/trade in stocks, index, futures and options; so that is why we see more and more discouraging factors for Forex.

It is all the same; I am more and more doing the stocks and futures now.

Wish you all great success in 2017.

[Hill]

Daily USDJPY is in wave 3 and might turn into wave 4 and I am looking to trade wave 3 and 5 of wave 4 in H4 which just happened; pulled back enough to give an entry in H4. might be another 300 to 600pips, who knows and who cares, exit at close above Red or Green line, entirely depends on the TP needs.

[baldeagle]

Good to hear from you!
I just checked my USDJPY charts and I am showing the 3rd wave (uptrend) declining on D1 but not close to the ZL. On the 4hr I am seeing a wave 3 (downtrend) declining and close to the ZL. Is that what you are seeing? If our platforms are showing different things which one is right?

I have withdrawn most of my funds from OANDA until this leverage thing shakes out. Tallinex no longer taking US traders but FXChoice still does. Forex Peace Army gives FXChoice a good rating but there are some complaints about how funds are treated during transfer. Have you heard anything about FXChoice?

[Hill]

Yes, I see the same thing in Daily and H4.

No, I have not tried FXChoice.
I am using Tradestation as my main broker for Futures and Stocks/ETF.
I also still trade with Oanda, FXCM with decent lot size.

I agree, we might have to use FxChoice, ForexBrokerInc and some other offshore brokers, for better leverage.