Of those trying to trade some variation of the methods we described, I'm wondering who is making money and who is losing?
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DislikedOf those trying to trade some variation of the methods we described, I'm wondering who is making money and who is losing?Ignored
DislikedOf those trying to trade some variation of the methods we described, I'm wondering who is making money and who is losing?Ignored
DislikedOf those trying to trade some variation of the methods we described, I'm wondering who is making money and who is losing?Ignored
DislikedIf you are trading in the US, the FIFO rule applies and you only have the choice of taking off your oldest and most profitable lot for profit, and that's probably not a bad decision. Your greatest risk to unrealized gains is your oldest and most profitable lot.Ignored
Disliked{quote} Graviton, As usual, great post! Regarding your quote above (I am a U.S. Trader), the FIFO rules only apply if you are trading the same lot size for each position. If I open 0.1 lots (10,000 units with my broker Oanda), if I want to add I'll usually add something like 10,001 lots, then 10,002 lots. These are all essentially 0.1 lots, but I can then close how ever I want. If your broker can't do that, then 0.11 is close enough. I generally trade like you do, but regarding to closing I do it a bit differently. What do you think of this method...Ignored
DislikedHi Graviton And congrats on a very well thought out approach. I first came across this thread nearly a year ago and it was very wordy and talked about concepts I already knew and used so I dismissed it and didn't read beyond the first few posts. I picked it up again after christmas and have now read and digested it all (which took some doing - an awful lot of good info in there). What interests me most in this is less the whole entry system or the lining up timeframes but actually the way you handle risk and money management. I have used something...Ignored
DislikedDoes anyone follow rules where they close out some or all of their trades at the end of the week should they be up a certain %? Like others on this thread I was up 100% on my account last week since new years and then over the past 2 days a lot of those were stopped out and my current trades still open are now down 15%. So If I was to close out all my trades today I would be back to where I was at new years Kinda thinking that if at the end of the week I am 10% or more up on my account I should close all "multiple trades" leaving an original...Ignored
DislikedHe went on to say how the economy was in a good position and talk about strength and growth and of course potential interest rate rises. One wonders how he can talk the currency down against a backdrop of a higher interest rate and expanding Yield gap and a more favourable outloook going forwards and expect his currency to fall. Should make for an intersting struggle...Ignored
DislikedUSDCAD long here? It looks like it got hammered from recent 1.28 highs due to rally in oil and lots of USD longs bailing USD across many positions. As I see oil now, its already falling off from highs ... I bet its back in the 40's next week, which will make USDCAD rally. I'm long USDCAD 3 positions around 1.24 ... 1 SL at b/e, 1 tight SL, one loose SL. Also short AUDUSD from .7795, long GBPJPY 176. Regards, EZIgnored