AU H1
buy 0.7412 QM
buy 0.7412 QM
How Long Will Your $1 Million Last in Retirement?
- #82
- Apr 13, 2022 7:51am Apr 13, 2022 7:51am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} EUR AUD Recovering bad entry. You cannot only look at your drawdown in itself. Win Rate and Risk Factor are very closely related to it as long as you want to make some profit on your account. The Win Rate tells you more or less what could be your longest losing streak, so by multiplying that number by the maximum % you decided to take on each trade, you have your drawdown. Then according to your risk/reward, you know if with the remaining trades you can recover your losses and eventually make some profit. {image}
Closed all position.
Minimised damaged from drawdown.
One loss, covered by two win.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #83
- Apr 13, 2022 7:58am Apr 13, 2022 7:58am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
US PPI
PPI M/M actual 1.4%, Expected 1.1%, Last 0.9%
PPI Y/Y actual 11.2%, Expected 10.6%, Last 10.3%
Clearly PPI is still running hot in the US
71% of Retail CFD accounts lose money
Narrative (Putin Price Hike)
Reality (Stimulus Spending)
PPI M/M actual 1.4%, Expected 1.1%, Last 0.9%
PPI Y/Y actual 11.2%, Expected 10.6%, Last 10.3%
Clearly PPI is still running hot in the US
71% of Retail CFD accounts lose money
Narrative (Putin Price Hike)
Reality (Stimulus Spending)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #84
- Apr 13, 2022 8:04am Apr 13, 2022 8:04am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} EUR AUD. Closed all position. Minimised damaged from drawdown. One loss, covered by two win. {image}
- #86
- Apr 13, 2022 8:15am Apr 13, 2022 8:15am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} I think people find it hard to take a single trade as a loss, but if you're in the plus aggregate, take the profit, its a good skill to have and will become easier the more you do it, just something for others to think about
It looks a bit like many are going around in circles and looking at the same thing with different view points.
I think most of you will agree that you never get in at the best price.
How many times have you taken a position and watched the price go against you and when your stop loss is almost taken out, it reverses to go in your direction.
Each negative pip against you makes you more nervous and you dont know whether to hold on or let go of the position.
Traders live in an environment of regret and greed.
When I mentioned that we need to average down, I off course did not mean that you need to average down if prices keep going down by 500pips.
That is ridiculous.
If you are risking 1Lot for 50pip S/L, it will cost you 500$.
How ever if you take 2 positions of 0.5lots with the same S/L but different price, averaging down, it will cost you less and increase your profit.
Lets be clear about one thing, if I am pretty sure about the direction,and if I could get an exact entry and have the position go in my favour the exact moment I put on the trade, I wouldnt need to be here on the forums.
Off course there maybe some who get it spot on every time, but I am not one of them. ( I'm a Newbie)
I dont average down indefinitely and I know my stoploss level and I break it down knowing that I have the direction right, I just need a better price. There needs to be a clear distinction between money management and trade management.
The other option is to take loss everytime market goes against you 20-30 pips.
So the point is :
Is more profitable (or less risky), to exit everytime the market moves against you of 20-30 pips and reenter, or stay in until a given level you decide and increase in the meantime ?
Just pen my thought on this subject.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #87
- Apr 13, 2022 8:43am Apr 13, 2022 8:43am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
{quote} Hi Waveskie. It looks a bit like many are going around in circles and looking at the same thing with different view points. I think most of you will agree that you never get in at the best price. How many times have you taken a position and watched the price go against you and when your stop loss is almost taken out, it reverses to go in your direction. Each negative pip against you makes you more nervous and you dont know whether to hold on or let go of the position. Traders live in an environment of regret and greed. When I mentioned that...
- #88
- Apr 13, 2022 8:55am Apr 13, 2022 8:55am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
USD JPY
The dollar is now the strongest vs the Japanese yen since 2002.
Overnight Japanese Finance Minister Sunichi Suzuki referred to rapid FX moves as "undesirable."
CPI data is 0.9% in Japan and 8.5% in the US, yet the USD is still a stronger currency than JPY.
Does that make sense to anybody?
It is theoretically stupid, but all the (developed markets) currencies with high inflation are appreciating against the low inflation JPY, because high inflation is leading to rising nominal yields.
BUT.........
It likely means there is a problem with the economy of Japan considering the high inflation in the US would not indicate the rise in the value of the dollar is universal.
Perhaps a large up swing in imports in Japan?
Possible to 130 and I will be all in for a short. ?
The dollar is now the strongest vs the Japanese yen since 2002.
Overnight Japanese Finance Minister Sunichi Suzuki referred to rapid FX moves as "undesirable."
CPI data is 0.9% in Japan and 8.5% in the US, yet the USD is still a stronger currency than JPY.
Does that make sense to anybody?
It is theoretically stupid, but all the (developed markets) currencies with high inflation are appreciating against the low inflation JPY, because high inflation is leading to rising nominal yields.
BUT.........
It likely means there is a problem with the economy of Japan considering the high inflation in the US would not indicate the rise in the value of the dollar is universal.
Perhaps a large up swing in imports in Japan?
Possible to 130 and I will be all in for a short. ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #89
- Apr 13, 2022 9:08am Apr 13, 2022 9:08am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
OIL
BREAKING:
Germany government spokesperson says the country does not approve of an embargo on Russian oil at the moment
danke schön
International supply chains cannot be altered overnight. Flexibility in approach will fetch better compliance and time needs to be given for alternative arrangements.
Not sure it is entirely unreasonable for any European country to choose not to cripple its own economy, businesses and households in pursuing sanctions designed to hurt another state.
BREAKING:
Germany government spokesperson says the country does not approve of an embargo on Russian oil at the moment
danke schön
International supply chains cannot be altered overnight. Flexibility in approach will fetch better compliance and time needs to be given for alternative arrangements.
Not sure it is entirely unreasonable for any European country to choose not to cripple its own economy, businesses and households in pursuing sanctions designed to hurt another state.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #90
- Apr 13, 2022 9:41am Apr 13, 2022 9:41am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
1.0 Million Retirement Fund
A few people will party like crazy and still have some savings and investments but for the majority, you have to make some sacrifices, don't expect to party thru your 20's and also get early retirement.
Like they say "You can’t have your cake and eat it"
A few people will party like crazy and still have some savings and investments but for the majority, you have to make some sacrifices, don't expect to party thru your 20's and also get early retirement.
Like they say "You can’t have your cake and eat it"
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #91
- Apr 13, 2022 9:57am Apr 13, 2022 9:57am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
{quote} GU After CPI news event. {image} UK: 7% annual rise in the consumer price index (CPI) is the highest in the historic models series since March 1992. Consumer prices rose by 1.1% month-on-month, outstripping expectations for a 0.7% climb in a Reuters poll of economists, which had projected a 6.7% annual increase
Stopped Out
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #92
- Apr 13, 2022 10:01am Apr 13, 2022 10:01am
- Joined May 2020 | Status: Best trader ever to exist ever | 10,701 Posts
1.0 Million Retirement Fund A few people will party like crazy and still have some savings and investments but for the majority, you have to make some sacrifices, don't expect to party thru your 20's and also get early retirement. Like they say "You can’t have your cake and eat it"
- #93
- Apr 13, 2022 11:12am Apr 13, 2022 11:12am
- Joined Jan 2019 | Status: Trader | 1,189 Posts
{quote} stopped out
Now get back with interests.
- #94
- Apr 13, 2022 12:02pm Apr 13, 2022 12:02pm
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
GJ
Short at FO zone
Short at FO zone
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
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- #98
- Apr 14, 2022 6:48am Apr 14, 2022 6:48am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
GJ Short at FO zone {image}
GJ
High Impact News on US Retail
Price to RT on BO level
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104
- #99
- Apr 14, 2022 6:50am Apr 14, 2022 6:50am
- | Joined Dec 2008 | Status: MMA Pro Wrestler | 17,549 Posts
Last Day to trade this week.
Tomorrow is rest day............Yahooooooooooooo..!
Tomorrow is rest day............Yahooooooooooooo..!
I come from the future.
Karen X Mas Bonus 2025 All Time Profit:
$15,104