Thread: Join the Dots.
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Old 05-03-2008, 06:03 PM
nubchai nubchai is offline
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Join Date: Feb 2008
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MP6140 - Question for You

MP I've really enjoyed your posts here and have learned a lot. I've been looking for a system that I can trade manually and I think Kamper's Join the Dots is it. I also wanted to say you have a great sense of humor and have been fun to read.

That being said I have 2 questions about your hedge system. (Everyone else chime in if you have an opinion/answer).

1. You place 2 hedge orders a set number of pips over and under the GU price at 8 pm est. The concern I've seen expressed is over runaway trades and blown accounts. It's my understanding you can enter Buy Stop and Sell Stop orders that will be executed when the price hits those orders. So if you enter this type of order and the price trends up right away the buy order would be triggered but the sell order would still be pending. If the buy order continued up no problem because your buy TP would have been hit. If the price came back down low enough and triggered th sell order then you'd only have one open order to watch. The only flaw here is a quick whipsaw open where the price shoots up and down, triggers both orders but doesn't hit the TP prices.

Wouldn't this approach reduce risk to a certain extent?

2. My second question is you mentioned some additional times when there are trends and reversals during the trading day. Do you also hedge the GU before these trend periods?

Thanks very much. This is a GREAT forum and topic.
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