with his success, as they say, if it aint broke, don't fix it.
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DislikedNope,
To clarify, I use 2% of my account balance on each trade which would equate to a 2% loss if my initial s/l was 100 pips on a /USD pair or a little more on a USD/ pair. In reality my initial stop losses are under 100 pips so therefore the risk is under 2%.
Today will be an exception to the rule as we have seen large moves but remember I've yet to lose 100 pips (2%) on a single trade so far.
Famous last words
Kind Regards
SteveIgnored
DislikedGood to see how well you are doing...
I've been in India on holiday for a month and decided not to trade whilst I was away - it was like going cold turkey!
I note we are the same age now (lol) and I always like to see another Man Utd fan, good result against Watford, eh? Although not born in Manchester ( ), I've been a fan for many years - I was at the game in 1999 in Barcelona which was awesome. However, I have to admit, my husband's a rugby player so I can't wait for the rugby this weekend - don't ask me who to support though, DH is Scottish and I'm vaguely English (brought up in various foreign locales in Forces family) with a Welsh mother, hmmmmm.
Right, let's not mention the cricket again.
Onto trading, I love your method as working shifts at my beloved Heathrow means trading once a day works brilliantly and there is none of the strain on the old ticker (ok, I was off yesterday, chickened out and took the profit on the GBP/USD run but it's back to discipline for me now, honest, Sir!) and as is everyone else here, I'm constantly impressed by your patience and discipline.
Don't you dare stop posting, you only live a few miles from me....
Kind regards, JacquieIgnored
Disliked"The others tend to range tighter which make it more difficult to bag many pips before it reverses lol. Just an observation so far".... he said
Hmm.... I have made that observation too.. if the GU goes the same way... then plan (b)... I hope you have that ready for us Steve!!Ignored
Dislikedstevie
i started a journal
i blame this on you
im just putting down what trades i execute for my clients and sometimes why
lets kick their market making, pip slippin, stop hunting ass!Ignored
DislikedI am working on plan (b), so expect to hear something in a few weeks,
i hope... I pray, i beg.... surely not!!! In the meantime, glued to your thread, some great comments coming from it too...
markIgnored
DislikedThat 20% is just great though, especially with the correlated pairs as they tend to all go at once
Kind Regards
SteveIgnored
DislikedHi Steve,
wanted to ask this the last night already - when you went long EURUSD and short USDCHF, why did you keep the GBPUSD short? I mean, you effectively were saying long EURGBP and short GBPCHF that way
Just seemed odd to me that you'd keep one long USD if you just went short USD twice?
Also to clarify... you DO use some sort of setup to enter? You don't just flip around by rough open/close direction or something? Forgive me if i'm a bit confused, I haven't really eaten for 8 hours since this morning and am a bit dazed...
Best Regards,
SeekingLightIgnored