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The Swamp

  • #43,361
  • Edited 9:44pm Oct 1, 2019 9:08pm | Edited 9:44pm
Quoting WhipKream
Hey boulder, if you don't mind me asking, what kind of target do you look for in terms of %. I know you like to go 10 pips, but since you don't use SL (I'm assuming), what kind of risk/reward per trade do you use? No worries if you don't want to share.
My accounts are set up differently according to each account risk tolerance....last month, I added Uchf trades in addition to EurUsd..

the Sept results are

16% DD had 52% month return
13% DD had 36% month return..
10% DD had 21% month return

my yearly winning rate remain 96% + ( including swaps)

so basically either RR 1:2 or 1: 3 .. that is pretty normal for my trading..
  • #43,362
  • Oct 1, 2019 9:21pm Oct 1, 2019 9:21pm
Quoting Boulder
{quote} My accounts are set up differently according to each account risk tolerance....last month, I added Uchf trades in addition to EurUsd.. the Sept results are 16% DD had 52% month return 13% DD had 36% month return.. 10% DD had 21% month return my yearly winning rates remain 96% + ( including swaps) so basically either RR 1:2 or 1: 3 .. that is pretty normal for my trading..
Ok I see, nice results for sure. You tend to keep trades open and just hedge then? Or cut them by hand?
  • #43,363
  • Oct 1, 2019 9:32pm Oct 1, 2019 9:32pm
Quoting WhipKream
{quote} Ok I see, nice results for sure. You tend to keep trades open and just hedge then? Or cut them by hand?
I use Uchf to hedge my EurUsd trades.. .I keep trades open ..unless price behaves out of my expectation...eg today if Uchf cut through 1.0036 ( I mentioned early the max pain for my swissy trades), . I may consider to cut some positions...,,,
  • #43,364
  • Oct 1, 2019 9:36pm Oct 1, 2019 9:36pm
Quoting Boulder
{quote} I use Uchf to hedge my EurUsd trades.. .I keep trades open ..unless price behaves out of my expectation...eg today if Uchf cut through 1.0036 ( I mentioned early the max pain for my swissy trades), . I may consider to cut some positions...,,,
Gotcha, you keep your trades focused and correlated. Thanks for the response, always nice to get insight into the habits of those who are highly successful like you and gator. GL to all.
  • #43,365
  • Oct 1, 2019 9:51pm Oct 1, 2019 9:51pm
Uchf 10/2/2019 levels..next to print 9941 or 9902,,,

RU R3 ----------1.0021
FP R2 ----------1.0015
WP R3 ----------1.0006
MP R1 ----------0.9995
FP R1 ----------0.9993
RU R2 ----------0.9979
WP R2 ----------0.9966
FP PP ----------0.9957
RU R1 ----------0.9953
WP R1 ----------0.9941
MP PP ----------0.9922
FP S1 ----------0.9921
RU S1 ----------0.9902
WP PP ----------0.9901
FP S2 ----------0.9899
RU S2 ----------0.9876
FP S3 ----------0.9863
WP S1 ----------0.9861
MP S1 ----------0.9849
WP S2 ----------0.9836
RU S3 ----------0.9834
  • #43,366
  • Oct 1, 2019 9:54pm Oct 1, 2019 9:54pm
Quoting Boulder
{quote} I use Uchf to hedge my EurUsd trades.. .I keep trades open ..unless price behaves out of my expectation...eg today if Uchf cut through 1.0036 ( I mentioned early the max pain for my swissy trades), . I may consider to cut some positions...,,,
Hedge EU position with UC beucase they both have dollar in ?? Or is there more corellation between them than just same on dollar ?
  • #43,367
  • Oct 1, 2019 9:58pm Oct 1, 2019 9:58pm
Quoting siIversurfer
{quote} Hedge EU position with UC beucase they both have dollar in ?? Or is there more corellation between them than just same on dollar ?
yes
  • #43,368
  • Oct 1, 2019 10:01pm Oct 1, 2019 10:01pm
Quoting gatorinla
State Department IG has a big meeting tomorrow concerning Ukraine. 8 intelligence committees. House and senate. Congress is at recess, so they will have to all jump on a last minute plane. This could be a huge deal! https://www.youtube.com/watch?v=fa7nSzCiGXk
I am too tired...Good night.. Gator.. see you here in the morning...
  • #43,369
  • Oct 1, 2019 10:30pm Oct 1, 2019 10:30pm
Morning.

I think there will be no more exposure or risk put into trades until ADP, probably some profit taking on USD and ESF
No sell for EU on Asia, but gold has been sold a little
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,370
  • Oct 1, 2019 10:45pm Oct 1, 2019 10:45pm
Quoting DMA Trader
Morning. I think there will be no more exposure or risk put into trades until ADP, probably some profit taking on USD and ESF No sell for EU on Asia, but gold has been sold a little
Big meeting today between Boris J. and European regarding Brexit. we should see fireworks
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,371
  • Oct 1, 2019 10:51pm Oct 1, 2019 10:51pm
Gonna wait for the ADP to do some instant scalping ..

When is that meeting ?? The Brexit.
  • #43,372
  • Oct 1, 2019 11:03pm Oct 1, 2019 11:03pm
Quoting coonah
Gonna wait for the ADP to do some instant scalping .. When is that meeting ?? The Brexit.
https://www.telegraph.co.uk/politics...send-brussels/
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,373
  • Oct 2, 2019 12:12am Oct 2, 2019 12:12am
adding Gold long 1476.x
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,374
  • Oct 2, 2019 12:15am Oct 2, 2019 12:15am
Quoting Boulder
{quote} I am too tired...Good night.. Gator.. see you here in the morning...
i was already sleeping.. LOL
those who can, do. those who cant, talk about those who can
  • #43,375
  • Oct 2, 2019 12:19am Oct 2, 2019 12:19am
$1 TRILLION in new debt over the course of the 2019 Fiscal Year.
Statistics
GDP$21.345 trillion (2019 est.)


Precisely one year ago today, the US federal government opened Fiscal Year 2019 with a total debt level of $21.6 trillion:
1'st October the start of the government’s 2020 Fiscal Year. And the total debt is now $22,622,684,674,364.43


The stock market reached an all-time high.
Real estate prices reached an all-time high.
Corporate profits are at record highs.
Personal income is at a record high.
Unemployment is hovering near an all-time low.
And all of these factors drove US government tax revenue to an all-time high
Plus, there were no major foreign wars or natural disasters.
No banking crises or economic panics.
No massive bailouts.
And if you recall, the US government was shut down for most of the month of January due to a budget conflict, so federal spending was at a minimum for a good chunk of the year.

 

  1. In Fiscal Year 2012, the government spent $359 billion paying interest on its debt.
  2. In Fiscal Year 2015 they spent $402 billion.
  3. In FY2017, $458 billion.
  4. In the Fiscal Year 2019 that just closed yesterday, they spent more than $540 billion just paying INTEREST on the debt.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,376
  • Oct 2, 2019 12:20am Oct 2, 2019 12:20am
Quoting gatorinla
{quote} i was already sleeping.. LOL
Silly me talking about buying gold the moment you woke up )
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,377
  • Oct 2, 2019 12:23am Oct 2, 2019 12:23am
Quoting DMA Trader
adding Gold long 1476.x
same. Hope it reaches 1480
  • #43,378
  • Oct 2, 2019 12:27am Oct 2, 2019 12:27am
Quoting coonah
{quote} same. Hope it reaches 1480
1480 can be reached quite easy - careful above
I am targeting 1499/1500 and leaving it if Jobs comes in bad.

On a good ADP/NFP I will close and I will try to reopen lower still on the buying area of 1450-1460

Closing this week above 1500 would make me increase the position and expecting new highs
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,379
  • Oct 2, 2019 1:12am Oct 2, 2019 1:12am
I just saw that October is worst in prediction on NFP over the last 10 years
8 in 10 cases was below estimates.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,380
  • Oct 2, 2019 1:27am Oct 2, 2019 1:27am
PENDING LONG
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A good trader follows his rules, but great trader knows when to break them
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