DislikedLets say you know that BOJ central Bank will continue weakning JPY........Ignored
Is there something else we are missing?
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DislikedLets say you know that BOJ central Bank will continue weakning JPY currency for long time period. Now, you clearly want to be short JPY currency and the best way to do that is to buy all currencies against the JPY. LONG 1 LOT EJPY LONG 1 LOT GJPY LONG 1 LOT AJPY LONG 1 LOT UJPY This way your exposure is: SHORT 4 JPY (50% of portfolio) LONG 1 EUR (12.5% of portfolio) LONG 1 AUD (12.5% of portfolio) LONG 1 USD (12.5% of portfolio) LONG 1 GBP (12.5% of portfolio) This way you are basically playing on JPY index. Thats a lot better & safer way to...Ignored
DislikedOK, OK, Thank You! Now, tell me something. Are you trading real, or demo? Why I ask: You are doing a very strange thing. 6 x 0.5 Lot = 3 Lots OK, I can understand that your strategy assumes you are ready to risk 3 Lots and that is a certain % of your Balance which you are ready to risk. Now, you are distributing the 3 Lots over 6 instruments. Why? What is the reason? Is it because you read that when you distribute your maximum Lot over more than 1 instrument, you lower the risk? That is true, but, as always, it requires thinking! You are trading...Ignored
DislikedHi Dadas, Thanks for your concern,I appreciate it!Yes,I'm trading live.I started the account with $10,000 and i was able to double it about two months with a good strategy before i came across yours which is better because it has less indicators and pretty straight forward when its mastered.I'm a very "selfish"trader,meaning i look for when to take the small number of pips and run away,it worked for me even before knowing your system.So,after go through your idea i found out that its more flexible for me,i decided to increase my lot size.If you...Ignored
DislikedGJ Trade? The first entry was stopout at BE I move myy stop a little bit up and yet they hurt me and move my way. I am on -ve for the day. Great work for those who make green pips today. Scalper reign well today. I hope I will be more stable tomorrow. {image} {image} {image}Ignored
Dislikedstrong breakout on W1 and some big players might loss their shirts sending it even lower If it closes back above the support i will changhe my mind but at current moment there is fear and panic in the air, giving nice trade opportunity with low risk entry just watch next week.Ignored
DislikedAnd Gold bulls are losing their shirts. Emotions rule all markets I dont think will see 1500 in next couple of weeks.Ignored
DislikedWhy you didn't use PTECZ to see potential retrace? That could have avoided you SL! Look to left, green PTECZ between the 2 Bearish Red Candles! You are not thinking! You are trying to overdo it! And, why you did not repeat the third time?Ignored
DislikedAs of your request to all newbies I prepared my humble graphic analysis of the AU pair which I'd like to share. Now I'm waiting for a H4-PTECZ to form and then watch for a further PA. Below the price lies a W-PTECZ zone which could stop the price and after that the preferable direction will be long. I'm still a little bit confused about the significance of higher TF zones.Ignored
DislikedNoted. I will correct that in future. Thanks What about this? So the day is not gone afterall {image}Ignored
Dislikedhow off am i? i think the zones are fine because that price shows resistance on many TF, but it can also break easily... edit: was wrong chart {image}Ignored