Reminiscences of a gentleman speculator 2006-2014 19 replies
Reminiscences of an alcoholic college student 40 replies
For those who have read Reminiscences of a Stock Operator ... 2 replies
Reminiscences of a FX Operator 1 reply
From Reminiscences of a Stock Operator 3 replies
Dislikedsmart move! I was away from screen .. said before I feel this is top but if we hit 1.4460 I'm a bull again will seeIgnored
Dislikednot a big upspike as expecting but oh well.. good news for USD coming soon I think.. shall see
one of my positions I'm targeting 1.4260Ignored
DislikedGood plays..but I'm playing things out on EUR/GBP rather than EUR/USD..can't read it too well regarding the end of QE2 etc. I only have on position left in EUR/USD at 1.4260, incidentally your target, and I think I'll just leave it alone and see what plays out. I'll close it off around NFP time depending on how things play out.
Good luck,
xXTrizzleXxIgnored
Dislikednice long your holding onto..
don't worry my short failed probably too aggressive however I am taking one more wack near the highIgnored
QuoteDislikeddon't worry my short failed probably too aggressive however I am taking one more wack near the high
DislikedThanks!
Phew..at least I can sleep soundly knowing you won't get my stop
As a side note, I unfortunately am running into the unfortunate constraints of margin. I never really planned for this to be an issue, but my margin is now quite restricted, since it's tied up in a few positions across EUR/GBP, EUR/USD and AUD/JPY. The problem is that the trades have potential to develop further, and so I don't want to close them, but still want to take some short term plays to top up the account. I've tried to lower my risk to 1%-1.5% but to no avail....Ignored
Dislikedif all your positions are safe (like at BE) you can increase your leverage.. it would allow more margin and its safe to do if like I said.. your other positions are only risking potential profitsIgnored
QuoteDislikedgood job! I don't have many runners.. I tried this week a few times but I'm not sure if I really should give up my old style.. I usually take the pips but this week I watch them build up and then take me out at BE.. it was kinda frustrating.. but at the same time i caught some nice runs.. Just don't think i have what it takes to pull off how your doing it.. :/
DislikedHeya newyear498, unfortunately I'm already at 50:1 which is the max leverage offered with OANDA, and the positions are essentially risk-free..gonna have to think of a creative way to address this..I'll sleep on it.
No problem, everyone's approach is different..you seem to be adept at short-term trading and if done proficiently can see your account compound very nicely. I can't really afford to do that with school and all so I took a more..'let your profits run' approach to get outsized Risk:Reward ratios to make up for the smaller frequency...Ignored
DislikedVery nice.. I realized if I'm more conservative.. like putting a .25% risk into a trade.. getting it to BE and then working in another .25% .. get to BE rinse wash repeat
then yes you could with minimal risk build up a huge amount of capital running with the trend.. it seems very lucrative..
but could you explain how your building positions?
Your right about our different styles.. but with the trends we saw recently it seemed worth a shot riding a few..
ThanksIgnored
DislikedHeya newyear498, essentially it just involves identifying a scenario to trade, and then identifying trades which look like they have the potential to 'stick' so that price never comes back. Early in my development I was made aware of the fact that many participants would be thrilled with a 100 pip gain, but had they held out for just a week or two, they could have easily multiplied this 5 fold with no additional work.
In other news, the target for my recent EUR/USD trade was hit soon after I it the hay for the night. The AUD/JPY trade...Ignored
DislikedHeya newyear498, essentially it just involves identifying a scenario to trade, and then identifying trades which look like they have the potential to 'stick' so that price never comes back. Early in my development I was made aware of the fact that many participants would be thrilled with a 100 pip gain, but had they held out for just a week or two, they could have easily multiplied this 5 fold with no additional work.Ignored
QuoteDislikedIn other news, the target for my recent EUR/USD trade was hit soon after I it the hay for the night. The AUD/JPY trade is maturing nicely, and I think it just may be able to withstand the Greek implementation votes today, so I'm going to leave it at BE, since the market looks like it may want to take on some risk-on attitude next week. In that case, AUD/JPY should rise nicely.
May think of taking another long position in EUR/USD or EUR/GBP depending on how things go tonight. Ideally, I'd want to initiate a position in both but..Mr.Margin...
Dislikeddude if your short on margin it sounds like your banking.. so fucking jealous LOLIgnored
QuoteDislikedwhy don't you cut you lowest gainers and anything thats kinda ranging..
you could also sell half or 1/4 of any position that looks like it had a huge rally and wait for the pull back to get in
or maybe you should just be happy and enjoy the money..
the choice is your.. blue pill or red pill?
DislikedWell I am in favour. I have played out similar scenario 3 times within a month now. I could take 5-6% win on daily basis. But sticking out for longer period and extended move I have taken 22-25% on each of the 3 trades.
I took that 4500 break yesterday. It did play well.Ignored
Disliked^^^ Great write up, Trizzle. I have been holding my horses to go long on EU at 4485. What a fall, though cant find any news on it. Any ideas?Ignored