Disliked{quote} Think you needed another 10-20 pips on your stop loss. Looks to have stalled 5 pips above your stop loss.Ignored
Cheers!
- #101,763
- Jul 13, 2017 6:59am Jul 13, 2017 6:59am
- Joined Jul 2011 | Status: Gold Again | 10,569 Posts
{quote} Well probably, but its ok. I prefer to be in control of my trades. Losing 20pips tbh is nothing as compared to 100pips. Trade and have good risk mgt to live and trade another day. Cheers!
and another trade position size to lose 1% at 100 pips
which trade has the most financial RISK ?
It takes a lot for me to IGNORE you, but you can try.
- #101,764
- Jul 13, 2017 7:01am Jul 13, 2017 7:01am
- Joined Jan 2016 | Status: Contrarian Trader | 846 Posts
{quote} Ridddle me this, if I position size a trade to lose 1% at 20 pips and another trade position size to lose 1% at 100 pips which trade has the most financial RISK ?
Markets are Irrational
- #101,766
- Jul 13, 2017 7:10am Jul 13, 2017 7:10am
{quote} Ridddle me this, if I position size a trade to lose 1% at 20 pips and another trade position size to lose 1% at 100 pips which trade has the most financial RISK ?
Experienced traders will know how to probe me on this.
I guess we all know the answer
- #101,767
- Jul 13, 2017 7:14am Jul 13, 2017 7:14am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} Ridddle me this, if I position size a trade to lose 1% at 20 pips and another trade position size to lose 1% at 100 pips which trade has the most financial RISK ?
- #101,775
- Jul 13, 2017 6:11pm Jul 13, 2017 6:11pm
I've been following this Iron Ore and the AUD since the China open Iron ore futures market in a big way early last year. I really only focus on how it affects this pair.
The news from Chinese Gov (around steel and ore) really seems to affect the price of iron ore futures, and a day or so late iron ore spot. Chinese change their view on this market weekly so its hard to predict the future movements too much. But the lag between futures and spot is about a day so, this can be used on occasions to predict AUD movement.
Pundits expected ore to stay at about $60, when it got to $90+ I was dumbfounded, but it crawled back. The AUD kind of followed, seems USD news is having a greater impact on AUD than ore. Yellen have more impact than Lowe.
Trump has been the biggest factor this year, Jan 2017 he said USD over valued, and this has set the tone for the year I think. Yellen left her rises too late.
In saying this I still think AUD is capped at 0.77x unless US really in deflation.
Australia has had some lucky data this year, I am really dubious over its quality, I think it suits the government agenda well. But as traders we need to deal with this, I think government likes the good news but hates its affect on the AUD and they'd prefer it lower 0.70 which is why economists are saying this, so they have to work out a way to devalue AUD without stopping the good news. They can't use the RBA anymore... so... they rely on dovish comments by Lowe, Market saw through that. So it's all a bit of a stalemate.
0.80 isn't impossible but I wouldn't be surprised if AU economy fall under pressure with "bad" data.
CPI tonight is going to say the most, I think it needs to be green to drop AUD, as predicted to keep AUD at .77 and red might see AUD push through the big time 0.77 resistance.
The news from Chinese Gov (around steel and ore) really seems to affect the price of iron ore futures, and a day or so late iron ore spot. Chinese change their view on this market weekly so its hard to predict the future movements too much. But the lag between futures and spot is about a day so, this can be used on occasions to predict AUD movement.
Pundits expected ore to stay at about $60, when it got to $90+ I was dumbfounded, but it crawled back. The AUD kind of followed, seems USD news is having a greater impact on AUD than ore. Yellen have more impact than Lowe.
Trump has been the biggest factor this year, Jan 2017 he said USD over valued, and this has set the tone for the year I think. Yellen left her rises too late.
In saying this I still think AUD is capped at 0.77x unless US really in deflation.
Australia has had some lucky data this year, I am really dubious over its quality, I think it suits the government agenda well. But as traders we need to deal with this, I think government likes the good news but hates its affect on the AUD and they'd prefer it lower 0.70 which is why economists are saying this, so they have to work out a way to devalue AUD without stopping the good news. They can't use the RBA anymore... so... they rely on dovish comments by Lowe, Market saw through that. So it's all a bit of a stalemate.
0.80 isn't impossible but I wouldn't be surprised if AU economy fall under pressure with "bad" data.
CPI tonight is going to say the most, I think it needs to be green to drop AUD, as predicted to keep AUD at .77 and red might see AUD push through the big time 0.77 resistance.
