Derek Frey
  • Male
  • Atlantic Beach, FL
  • United States
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Derek Frey commented on Derek Frey's blog post To hold or not to hold....
"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...;-)"
Mar 1, 2013
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…"
Mar 1, 2013
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…"
Mar 1, 2013
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…"
Mar 1, 2013
Derek Frey's 2 blog posts were featured
Mar 1, 2013
Derek Frey posted blog posts
Mar 1, 2013
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."
Feb 28, 2013
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…"
Feb 28, 2013
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.…"
Feb 28, 2013
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…"
Feb 28, 2013
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?
"Also I am not saying that I never tweek my rules along the way, of course I play with how much to trail stops etc just like adapting to changes in the wind in a sail boat,  But I never rip down my sails and replace them with a motor or even…"
Feb 28, 2013
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?
"Fransesc, Thanks for the kind words but you know me, I am not afraid of getting beat up, the market has beat me up more than any human ever could, or at least it used to....;-) "
Feb 28, 2013
pandora commented on Derek Frey's blog post Is trading Mental or Mathematical?
"Here is a video from  fund manager from Rakesh Shah explaining why system work or not working. Very interesting .. http://www.youtube.com/watch?v=chnT33kEN9Q "
Feb 28, 2013
Derek Frey commented on Derek Frey's blog post Is trading Mental or Mathematical?
"First of all I am not promoting anything except hopefully an intelligent discussion.  I do show my work in my webinars, ask anyone who has been to one.  That said I have nothing to prove cause i am not selling it.  This is…"
Feb 28, 2013
Francesc Riverola commented on Derek Frey's blog post Is trading Mental or Mathematical?
"Guys... treat Derek well. I know him and his business partner Todd Gordon for years and they do not need to come here to sale anything so we must be happy to have him around. Give him a chance guys. The more we learn together the better!"
Feb 28, 2013
pandora commented on Derek Frey's blog post Is trading Mental or Mathematical?
"Derek Frey, Can you tell me why every single pundits, forexgury, never manages to produce a decent evidence, when promoting new systems, EA .. You have worked a few years in this game as forexgury, why your fail to show results from an account with…"
Feb 28, 2013

Profile Information

Trading style
Market Harmonics
Current Broker
Gain, FXDD, CCC, TradeStation

Derek Frey's Blog

To hold or not to hold....

Posted on March 1, 2013 at 1:45pm 4 Comments

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…

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Is trading Mental or Mathematical?

Posted on February 28, 2013 at 3:46pm 22 Comments

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

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 (1 comment)

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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