Sounds fair enough, but then why didn't you close out the trade with the profit it had if the outlook changed? And then you started chasing the market with the hedge? To me it looks like you risked quite a large amount of money to make a very little ...

jjk2, How much of your account do you want to risk on this one entry per month?

Vinnie99, This math is not trading system specific. This is a position sizing calculation and has nothing to do with a trading system. To figure out your ideal risk rate you would have to do some Monte Carlo simulations and statistical analysis of ...

A better calculation is by figuring how much you would like to risk of your total account size on a single trade. For example: $10,000 Risk per trade %: 2.0% Risk per trade $: 10,000 * 0.02 = 200 Currency Pair: EUR/USD [ For math sake since 1 pip ...

My ideas: (1) The initial entry: Why did you enter at the 1.42 price? Just because you believed price was going higher or did you have an entry idea or system? ( Not saying that either is wrong but you need a plan when you speculate ) (2) Drawdown: ...

Check out this post from Diallist in the Beginner section on position sizing: url In this case he is using a $100,000 account but the math is correct and you can recalculate based on a $1,000 account.

Here is the math given a $1000 account size: 500:1 Leverage : $1,000 account = $500,000 buying power 100:1 Leverage : $1,000 account = $100,000 buying power The margin requirement of the 100:1 account is 5 times that of the 500:1. ( So in your ...

Since you posted the topic for discussion, I will take a shot at it (You can always ignore if you don't like ). If I were to play this I would look for the following: (1) Your pin bar that you are talking about to create a bottom (2) Price to move ...

What COT data are you looking for? I have spreadsheets of all the currencies if you would like.