"Guess I am on the other side then cause I am leaving my two EU longs on over the weekend since the stop is now at b/e...;-)"
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Peter jcp commented on Derek Frey's blog post To hold or not to hold...."Hi Derek - I have left position trades on over weekends in the past - but nowadays prefer to just take my money and run all the while - and even miss nice moves when they do happen;-)
With regards to Monday and Friday's - I keep hearing of many…"
Romano commented on Derek Frey's blog post To hold or not to hold...."When u hold over weekend or even to next day, you obviously trade longer term. In that case, you are supposed to trade with such position size as to avoid excessive drawdown to your equity.
As for gaps, this week on jpy pairs was quite unique as I…"
Derek Frey left a comment for Derek Frey"I could not agree more! And of course since you have created it yourself you will have the confidence to keep going with after a string of losses because you understand what and why it is doing what it is doing. And the holy…"
Derek Frey commented on Derek Frey's blog post To hold or not to hold...."I agree with you both. I usually prefer to close most trades on Friday unless they are already locked in at b/e or better. And if it is locked in I too will let it run as long as it wants to while trailing a stop.
Drunk trading…"
Ricardo Kempff commented on Derek Frey's blog post Is trading Mental or Mathematical?"They're Pinky, They're Pinky, They're Pinky and the Brain, Brain, Brain, Brian....."
Peter jcp commented on Derek Frey's blog post Is trading Mental or Mathematical?"Also agree with you Derek - most scalpers are not that good - simply because they have not done 10k hrs at the "coalface" and also because the majority of scalping strats are not that good, Also not many scalper's are on 100k plus…"
Peter jcp commented on Derek Frey's blog post Is trading Mental or Mathematical?"Agree with you Derek - they can never be able to work together ( in theory) as that is illegal - but they still do -as well as banks "talking under the table" - then the next day they will be stabbing each other in the back lol.
Because I…"
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?"Most of the time you were simply wrong and need someone else to blame. This is also why brokers love scalpers, because most scalpers get scalped."
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?"Stop hunting does happen, I know because I have witnessed it first hand on the dealer side. But let me explain how it works so we can clear this up once and for all. If the EUR/USD is at 1.3055 and your stop is at 1.3005 and it gets hit…"
Peter jcp commented on Derek Frey's blog post Is trading Mental or Mathematical?"Randomness does occur in the "noise" - when players are trying to work out whether they can achieve a stop hunt and how much they need to move the market. So really its how you define randomness - and as I said - all flow are balanced and…"
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?"Peter,
I appreciate the discussion. I will take issue with a few things. First and foremost, the idea that the market is random. This is completely untrue. In fact the very idea of randomness in anything is not true.…"
Peter jcp commented on Derek Frey's blog post Is trading Mental or Mathematical?"Hi Derek - please do not think I am against you use of maths in trading - because I also use maths with regards to angles on rallies / harmonic patterns and even with Fibs etc. However like most indicators or aids - they probably are only correct…"
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?"And no the markets are not ruled by just math...everything is! Think about it, Math is more powerful than man. How do we know this? Because long after we have killed each other all the laws of math will still stand after the last…"
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Derek Frey's Blog
To hold or not to hold....
Posted on March 1, 2013 at 1:45pm 5 Comments 3 Likes
So my question for today is how many people hold trades over the weekend? If you do hold them how do you handle the risk of a gap? If you go flat every Friday how do you manage your reentry on Sunday/Monday? And lastly are there any people who are specifically trading from Friday to Sunday/Monday in hopes of a gap move? I hope every one has a great weekend. I will be in Amsterdam, Germany and Prague next week so if any of my Euro friends want to get together for a drink let me…
Continue Is trading Mental or Mathematical?
Posted on February 28, 2013 at 3:46pm 34 Comments 5 Likes
I was discussing this topic with a fellow trader and wondered if I could get some feedback here. I trade a mathematical system and I have recently automated it so for me and my trading, emotion no longer has anything to do with it. On the other hand most people do not use automation yet which means they are forced to wrestle with the psychological side. So my question is this: Does having a mathematical edge that is automated really alleviate the psychological side of trading?
Harmonic Happiness
Posted on February 25, 2013 at 4:17pm 2 Comments 0 Likes
I just wanted to do a quick post alerting all traders that there will be some big news coming to the world of harmonic trading...stay tuned...
Comment Wall (2 comments)
- At 8:31pm on February 28, 2013,
Jasmine C said… - Hey Derek. With you 100% on the Mathematical approach. Spent a year in MT4 trying to implement my strategies. Didn't have the patience or perhaps the ability to refine them enough to fully automate so I try to trade my strategies manually with as few variables as possible.
I have to say, when I got it together in MT4 there was nothing more satisfying than waking up in the morning to discover your app has identified a pattern, placed your order and taken to your profit all while you're sleeping. Or golfing. Or sailing. Or whatever else it is you'd prefer to be doing while making money :-)
- At 3:18pm on March 1, 2013, Derek Frey said…
I could not agree more! And of course since you have created it yourself you will have the confidence to keep going with after a string of losses because you understand what and why it is doing what it is doing. And the holy grail of trading is of course consistent persistence! Have a great weekend.
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