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Breeze....Update on GBP/JPY

  • #4,021
  • Oct 31, 2008 6:29pm Oct 31, 2008 6:29pm
Quoting elbarck
yep and plus your already lose it's just like that
Buy 230.00 Price Dropped to 229.00 then you hedge and sell from 229.00
Price goes to 225.00 You've now 400 Pips green you cover with them the first position lose so now you already losing the same 100pips....
It's like the train who'll catch the end first you or the margin ....
U need to learn.....buy books or seek professional help in a bank near you about hedging....hedging gives u a chance to take new positions and growing ur Usbl Mrgn
  • #4,022
  • Oct 31, 2008 6:32pm Oct 31, 2008 6:32pm
Quoting cruze2005
Yes and No, Your trade in the earlier direction is at a loss, however the hedging covers this whilst the market is in the other direction. Hedging takes practise. You want to cover your margin whilst the market is in the other direction, and as time has proven the market tends to visit places over and over again. If you can successfully hedge, then you make money to cover your initially drawdown, until the markets heads back towards your entry and beyond. As mentioned hedging takes practise and dicipline. There are some benefits to what Breeze and others have done.

Take for example his current longs which have taken a hammering. He has hedged these, and also traded between for profit to maximise...
now thats a mind of a professional....'Buffet" + "Sooros" combined
  • #4,023
  • Oct 31, 2008 9:35pm Oct 31, 2008 9:35pm
Quoting Breeze
now thats a mind of a professional....'Buffet\" + \"Sooros\" combined
"blush"
  • #4,024
  • Nov 1, 2008 12:08am Nov 1, 2008 12:08am
Quoting Breeze
Good to hear from u cruze2005....If u have $150 is enough to start going live....u dont need a big account believe...I once turned $150 into $70,000 in three months time.....If i can do it and so du u....

1st look for brookers that offers 400/300 -1 leverage....then i can help you from there.

Im currently using FxSol and Oanda for forex....Saxo Bank for stocks.
Sir,
I do have this kind of leverage, could you be kind enough to show me how?? Have blown few accounts and have learned from mistakes... but the cost was too heavy.. Your help will be much appreciated.. I only trade GBP/JPY.
Thanks.
Markets are not Random, they are designed!
  • #4,025
  • Nov 1, 2008 1:16am Nov 1, 2008 1:16am
Quoting Raza
Sir,
I do have this kind of leverage, could you be kind enough to show me how?? Have blown few accounts and have learned from mistakes... but the cost was too heavy.. Your help will be much appreciated.. I only trade GBP/JPY.
Thanks.
if you listen to this advice you'll blow the next account.

150 to 70k is just wishthinking and if done, totally unprofessional overleveraging which can led to a very fast end. consistent profits with 1-2% risk a trade and you compound nice profits over one year.
  • #4,026
  • Nov 1, 2008 5:45am Nov 1, 2008 5:45am
Quoting Breeze
Wrong again,and this time you went all ur way out...my leverage is 400-1.....anyway keep on trying,...I like people who dont give up, that shows ur dedication to this game....and keen to learn....Now to read all about my strategy go back a lot of pages try to find it and u'll know.
Ok so thats just 1 mill you need.

Not many ppl here got that sort of money to trade with.

Now I understand tho.

You can only do this coz ur already a millionaire/billionaire and can afford huge drawdowns.

Rgds
Stew
  • #4,027
  • Nov 1, 2008 6:13am Nov 1, 2008 6:13am
Quoting Breeze
Good to hear from u cruze2005....If u have $150 is enough to start going live....u dont need a big account believe...I once turned $150 into $70,000 in three months time.....If i can do it and so du u....

1st look for brookers that offers 400/300 -1 leverage....then i can help you from there.

Im currently using FxSol and Oanda for forex....Saxo Bank for stocks.

Hey Breeze good trading. Using that much leverage can be risky, but controlling it can be rewarding. Is there any tricks in trading using controlled over leveraging?
  • #4,028
  • Nov 1, 2008 6:42am Nov 1, 2008 6:42am
Quoting ANALEX
Hey Breeze good trading. Using that much leverage can be risky, but controlling it can be rewarding. Is there any tricks in trading using controlled over leveraging?

yeah, like a controlled explosion.
you expose your money to senseless risk. 10 times risking 10% of your acc is not funny.

anyways, do what you think you need to do. steady account building and not wanting to become rich with a few trades. build an account and in a few months you can take a few k out to play with overleveraging...
  • #4,029
  • Nov 1, 2008 6:51am Nov 1, 2008 6:51am
Quoting Dr.Geppynius
yeah, like a controlled explosion.
you expose your money to senseless risk. 10 times risking 10% of your acc is not funny.

anyways, do what you think you need to do. steady account building and not wanting to become rich with a few trades. build an account and in a few months you can take a few k out to play with overleveraging...

IMHO the two cardinal sins of trading are overtrading and over-leveraging.

Together they are the quickest route to disaster and a blown account.

Rgds
Stew
  • #4,030
  • Nov 1, 2008 5:33pm Nov 1, 2008 5:33pm
Quoting Dr.Geppynius
if you listen to this advice you'll blow the next account.

150 to 70k is just wishthinking and if done, totally unprofessional overleveraging which can led to a very fast end. consistent profits with 1-2% risk a trade and you compound nice profits over one year.
I agree with you on your part however there are some out there that might take this as reasonable. If you started with $150 and ended up with nothing, what have you lost, $150. It is certainly an amount that is recoverable and majority wouldnt cry over it. If you turned that 150 to 70000 and then lost it all, for me my mind set is this. S%$T, D&^M I just blew 70000, when really I still only lost 150 (my starting capital). Once the dust had settled Id see that, and my next thought would be ok ive done it once, i could do it again HOWEVER I would put what id done into place and learn from my mistakes.

I did a course in Australia some years ago when I first started in forex and one of the gentleman that came to the course to speak (funny enough on Money Management) had his story that was that he built his account over time to in excess of 1 million. Not bad considering he started with 5k (which is pretty modest). However his style of trading was successful and he stuck with it. However when it turned against him he continued in the same direction and continued adding and adding over 2 days until he was margin called. He was frustrated, he was angry but the funniest thing happened. He went to bed, angry and annoyed and told his wife "sorry hunny Ive just wiped out our account, the whole lot is gone". Her reply was stella. "Dont worry, you got to there once, im sure you can do it again besides you only lost your $5000".

He was at the time of speaking getting back on track, however he implemented his mistakes into his plan and his new goal was simple. Once he reached 200k he would withdraw 100k and put it away. As it turned out he had made a few cash ins and his account on both sides was growing. His withrawn funds went into low risk moderate interest bank instituation so he was making interest off the top and he was growing his forex account weekly, and his turn around to withdrawal was about every 12-14 weeks.

I guess this showed me that it is possible to make money in this market in a number of ways, however the higher the risk the greater the reward but the more exposed you are to lossing alot. For some this is appealing, for others it may not. There is no right or wrong way to make and loose money. This forum is testament to that with alot of highly successful threads that have got some leaders that are making good money.
  • #4,031
  • Nov 1, 2008 9:28pm Nov 1, 2008 9:28pm
Quoting cruze2005
\"blush\"
U have a good backround.....u deserve to be successfull
Quote
Sir,
I do have this kind of leverage, could you be kind enough to show me how?? Have blown few accounts and have learned from mistakes... but the cost was too heavy.. Your help will be much appreciated.. I only trade GBP/JPY.
Thanks.
I'll help if I have time....cause my time is money
Quote
Ok so thats just 1 mill you need.

Not many ppl here got that sort of money to trade with.

Now I understand tho.

You can only do this coz ur already a millionaire/billionaire and can afford huge drawdowns.

Rgds
Stew
98% of Hong Kong people are millionares.....even people who sweep the streets.....cause were brilliant when it comes to trading.
Quote
Hey Breeze good trading. Using that much leverage can be risky, but controlling it can be rewarding. Is there any tricks in trading using controlled over leveraging?
its all about timing....time is a very important factor in this game....u gotta know when to comin in and when to get out....and thats all Delta.
  • #4,032
  • Nov 2, 2008 3:14am Nov 2, 2008 3:14am
[quote=Breeze;2320203]U have a good backround.....u deserve to be successfull



98% of Hong Kong people are millionares.....even people who sweep the streets.....cause were brilliant when it comes to trading.


I thought so,

You are either trading penni9es or a demo account
  • #4,033
  • Nov 2, 2008 8:17am Nov 2, 2008 8:17am
Quoting Breeze
Good to hear from u cruze2005....If u have $150 is enough to start going live....u dont need a big account believe...I once turned $150 into $70,000 in three months time.....If i can do it and so du u....

1st look for brookers that offers 400/300 -1 leverage....then i can help you from there.

Im currently using FxSol and Oanda for forex....Saxo Bank for stocks.


Bro, you turned $150 into $70K in 3 month ...there are 1 way how you can make it that figure :

1. Overlaverage

or

2. Your put your investment in high risk

p/s: Better you send your CV to Citibank...morgan or other bank....may be will they will put you under high candidates.
  • #4,034
  • Nov 2, 2008 10:00am Nov 2, 2008 10:00am
150 to 70000 is possible. I have a spreadsheet (dont we all) and from 150 to 70000 can be done any number of ways. S/L not S/L, 10% risk ect.

With a 30 pips SL and open limit, target of 100 pips per WEEK and 10% risk plus 20% on your profit you would hit 70000 at around the 12 week mark.

Now that is pretty aggressive, however for the past 3 months the GBP/JPY has average more than 250 pips a day, so that is oppurtunity for excess of 1250. On some days it jumps more than 400, and that is quite often at least once a week at the moment.

If you were aggressive, and caught a nice trend (such as the one we are in) then 100 pips a WEEK is not out of the question. And lets face it you are being aggressive with 150 starting, not 10000 plus.

People have made more money in a day than 70000, much much more so why would it be considered highly overleveraged ect ect. At the end of the day as I stated in a previous post it is 150 dollars even 1000 dollars. To most we pay more than this in bills a month.

I might look at trialling a system, im not sure whether it will work of not but when my work has settled I will see if I can make something of my small small small account. Hell if I increase it to 1000 i would be happy. I will try and keep you posted with my rules and whether I will tackle this challenge lol.

Take care all and keep those damn pips green
  • #4,035
  • Nov 2, 2008 10:22am Nov 2, 2008 10:22am
Quoting cruze2005
150 to 70000 is possible. I have a spreadsheet (dont we all) and from 150 to 70000 can be done any number of ways. S/L not S/L, 10% risk ect.

With a 30 pips SL and open limit, target of 100 pips per WEEK and 10% risk plus 20% on your profit you would hit 70000 at around the 12 week mark.

Now that is pretty aggressive, however for the past 3 months the GBP/JPY has average more than 250 pips a day, so that is oppurtunity for excess of 1250. On some days it jumps more than 400, and that is quite often at least once a week at the moment.

If you were aggressive, and caught a nice trend (such as the one we are in) then 100 pips a WEEK is not out of the question. And lets face it you are being...
Hi cruze2005....just poped inn before the opening.....we might see the crises escalate if Obama wins the White House and USD strengthening furthe....I'll add Eur shorts as I see Eur @ parity with the dollar 1-1....I'l post charts in the morning when I wake up
  • #4,036
  • Nov 2, 2008 9:29pm Nov 2, 2008 9:29pm
Quoting Breeze
Hi cruze2005....just poped inn before the opening.....we might see the crises escalate if Obama wins the White House and USD strengthening furthe....I'll add Eur shorts as I see Eur @ parity with the dollar 1-1....I'l post charts in the morning when I wake up
Yes the terbulant times could easily continue. For me I am going to focus on the GBP/USD. It has great pips range and volitility with a small spread so I can get in without to much margin issues early on. I will remain with GFT for now, I am quite happy with there platform and I trade a mini account now. I will keep you updated.

For now I am going to run with a demo that has made some progress and try to iron out my rules, and make sure I stick to them no matter what. As much as it has been a tougher few months for you, you have remained true to your system and that is why I enjoy your thread. You keep it quite simple and no matter what others say, you my friend just keep going about your business day after day. I know that your success will continue and hey if it doesnt, you will get back on the horse. Why, because you have been down the road before and you know the pleasures of that journey.

Take care my friend and keep those pips green
  • #4,037
  • Nov 2, 2008 9:47pm Nov 2, 2008 9:47pm
Quoting cruze2005
Yes the terbulant times could easily continue. For me I am going to focus on the GBP/USD. It has great pips range and volitility with a small spread so I can get in without to much margin issues early on. I will remain with GFT for now, I am quite happy with there platform and I trade a mini account now. I will keep you updated.

For now I am going to run with a demo that has made some progress and try to iron out my rules, and make sure I stick to them no matter what. As much as it has been a tougher few months for you, you have remained true to your system and that is why I enjoy your thread. You keep it quite simple and no matter what others say, you my friend just keep going about your...
thanx cruze2005....If ure happy with GFT, then thats ok....and sticking to the rules takes a lot of discipline and dedication, of which I noticed u have already....I'll let u know when I start taking positions on Eur
  • #4,038
  • Edited Nov 3, 2008 6:14pm Nov 2, 2008 9:52pm | Edited Nov 3, 2008 6:14pm
Update on Positions

EUR short @
2850 X 30....stop @ 2650
2800 X 30....stop @ 2650
USD/JPY long @
107.21 X 10
107.41 X 10
108.00 X 10
107.90 X 10
108.21 X 10
101.77 X 10
101.30 X 30
99.60 X 10
hedged @ 99,50

GBP/JPY long @
205.50 X 10.........active
205.80 X 10.........active
206.00 X 10.........active
206.22 X 10.........active
206.50 X 10.........active
203.00 X 10.........active
204.00 X 10.........active
204.50 X 10.........active
204.80 X 10.........active
203.66 X 10.........active
173.89 X 10.........active
174.67 X 10.........active
175.00 X 10.........active

hedged @ 163.00

GBP/USD long @
9470 X 10...........active
9752 X 10...........active
9580 X 10...........active
7149 X 10...........active
7108 X 10...........active
7190 X 10...........active

hedged @ 6400

Breeze
Market Champion.....Market Master....Market Olympian....Market Genius....Master ot the Beast
  • #4,039
  • Nov 5, 2008 2:38pm Nov 5, 2008 2:38pm
Update on Positions

EUR short @
2850 X 30....stop @ 2650...Prfts booked
2800 X 30....stop @ 2650...Prfts booked
3000 X 30
2950 X 30
2900 X 30....waiting
USD/JPY long @
107.21 X 10
107.41 X 10
108.00 X 10
107.90 X 10
108.21 X 10
101.77 X 10
101.30 X 30
99.60 X 10......Closed @ 100.50...Prfts booked
unhedged @ 97.80

GBP/JPY long @
205.50 X 10.........active
205.80 X 10.........active
206.00 X 10.........active
206.22 X 10.........active
206.50 X 10.........active
203.00 X 10.........active
204.00 X 10.........active
204.50 X 10.........active
204.80 X 10.........active
203.66 X 10.........active
173.89 X 10.........active
174.67 X 10.........active
175.00 X 10.........active

hedged @ 163.00

GBP/USD long @
9470 X 10...........active
9752 X 10...........active
9580 X 10...........active
7149 X 10...........active
7108 X 10...........active
7190 X 10...........active

hedged @ 6400

Breeze
Market Champion.....Market Master....Market Olympian....Market Genius....Master ot the Beast
  • #4,040
  • Nov 6, 2008 11:34am Nov 6, 2008 11:34am
Quoting Breeze
Update on Positions

EUR short @
2850 X 30....stop @ 2650...Prfts booked
2800 X 30....stop @ 2650...Prfts booked
3000 X 30
2950 X 30
2900 X 30....waiting
USD/JPY long @
107.21 X 10
107.41 X 10
108.00 X 10
107.90 X 10
108.21 X 10
101.77 X 10
101.30 X 30
99.60 X 10......Closed @ 100.50...Prfts booked
unhedged @ 97.80

GBP/JPY long @
205.50 X 10.........active
205.80 X 10.........active
206.00 X 10.........active
206.22 X 10.........active
206.50 X 10.........active
203.00 X 10.........active
204.00 X 10.........active
204.50 X 10.........active
204.80...
Hey Breeze,
This all looks fairly impressive stuff.

I don't suppose you would like to post a copy of your account balance would you?

You got some huge drawdowns on that lot

Rgds
Stew
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