I'm long @ 1.2830 although pound is under brexit pressure today......who would have thought
If doesn't break through will head south imho
If doesn't break through will head south imho
Don't Leave Money on the Table
Cable Update (GBPUSD)
- #473,562
- Jan 14, 2019 2:59am Jan 14, 2019 2:59am
- Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts
Good Morning! 
I hope the pound drops to 1.2803 (daily and weekly pivot on my chart). GBPUSD January Outlook
I hope the pound drops to 1.2803 (daily and weekly pivot on my chart). GBPUSD January Outlook
Risk Management is of utmost importance!
- #473,563
- Jan 14, 2019 3:13am Jan 14, 2019 3:13am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
{quote} Morning I agree with that one as I do it myself . I even hedge when my other lots are in profit but you then need to get your hedge into break even then hopefully you don't loss and you can add to you winning trades with the hope to go on . This is best done with the trend .
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- #473,564
- Edited 2:31pm Jan 14, 2019 3:30am | Edited 2:31pm
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
{quote} I did notice your signature and just curiously is that trading days in a year or 365 days of the year making 3%? A quick search on google says in 2016 there were 252 forex trading days and what calculator or formula can you use to calculate this type of maths problem? Again a quick search on google and I couldn't find the one I wanted.... Secondly I have watched youtube vids(who hasn't lol) on trading and in one of those he was saying at some point in a traders journey they are going to hit the problem of trading large lots and freaking...
That said, this is still very big bet which provides you with enormous profits if it goes your way. But if it goes wrong you have hedge.
Two lots sounds too little to me. Probably I have much larger account than you do, but everyone needs to start somewhere.
Good luck
PS: The formula?
Final Balance = Current Balance * 1.03^260
Where Current Balance is you current balance.
1.03 is the 3% increasing per trading day.
260 is the average number of trading days per year.
Hope that helps.
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- #473,566
- Jan 14, 2019 3:39am Jan 14, 2019 3:39am
{quote} Hi! Yes about 250-260 trading days per year. The major problem with the brokers around is that they increase your margin requirement when you pass about 120 lots. And they increase again when you pass another 50-60 lots. That means your margin requirement increases exponentially together with your total position size. That said, this is still very big bet which provides you with enormous profits if it goes your way. But if it goes wrong you have hedge. Two lots sounds too little to me. Probably I have much larger account than you do, but...
insane account you have there
- #473,567
- Jan 14, 2019 3:59am Jan 14, 2019 3:59am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Hi! Yes about 250-260 trading days per year. The major problem with the brokers around is that they increase your margin requirement when you pass about 120 lots. And they increase again when you pass another 50-60 lots. That means your margin requirement increases exponentially together with your total position size. That said, this is still very big bet which provides you with enormous profits if it goes your way. But if it goes wrong you have hedge. Two lots sounds too little to me. Probably I have much larger account than you do, but...
On the way with 34% increase in equity last week and want to do that same this week...
Don't Leave Money on the Table
- #473,568
- Jan 14, 2019 4:07am Jan 14, 2019 4:07am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
{quote} Hi Notatrader, thanks for all that info....really helps and puts things into perspective On the way with 34% increase in equity last week and want to do that same this week...
Good luck and all the best
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- #473,569
- Jan 14, 2019 4:08am Jan 14, 2019 4:08am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Glad to help mate. Good luck and all the best
Don't Leave Money on the Table
- #473,570
- Jan 14, 2019 4:08am Jan 14, 2019 4:08am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #473,571
- Jan 14, 2019 4:11am Jan 14, 2019 4:11am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
{quote} My god 2 lots is small for you???
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- #473,572
- Jan 14, 2019 4:20am Jan 14, 2019 4:20am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #473,573
- Jan 14, 2019 4:21am Jan 14, 2019 4:21am
- Joined Mar 2008 | Status: Name real with real own way | 23,414 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #473,574
- Jan 14, 2019 4:23am Jan 14, 2019 4:23am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
{quote} You say 'Mate' like an Aussie....the way you use it
Have never been in Australia, but I have watched a countless number of YouTube movies about your country. My wife is in love with Australia and I like it so much too. Next year me and my wife will be definitely visiting Australia. Just don't know exactly where, but it should be a nice warm and romantic resort.
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- #473,575
- Jan 14, 2019 4:26am Jan 14, 2019 4:26am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
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- #473,576
- Jan 14, 2019 4:39am Jan 14, 2019 4:39am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Hehe nice
Amazing things to visit and see here, the wildlife unlike any other country and most likely will kill you.....LOL
Don't Leave Money on the Table
- #473,577
- Jan 14, 2019 4:41am Jan 14, 2019 4:41am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
Don't Leave Money on the Table
- #473,578
- Jan 14, 2019 4:43am Jan 14, 2019 4:43am
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 5,482 Posts
{quote} Awesome mate you'll love it here...many hot and tropical places to visit, it's a big country, size of America yet only 25 million people because we have a huge desert in the middle so most people on the coasts Amazing things to visit and see here, the wildlife unlike any other country and most likely will kill you.....LOL
I believe this will be an amazing experience. I am sure about that.
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