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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #177,681
  • May 17, 2009 4:15pm May 17, 2009 4:15pm
Quoting GodfreyH
gbpjpy 4hr chart:

I've been working over the weekend on getting the coding right on this sweet little beauty. Almost there... lol

Looks like Geppy has a bit more down to go, then a bounce perhaps?

Thanks a nice concept G
"Millionaires don't use astrology, billionaires do"
  • #177,682
  • May 17, 2009 4:18pm May 17, 2009 4:18pm
Quoting Monk
Is that what you use? 10:1 or if that is to much in your opinion....maybe you use 5:1?

So to trade lets say a nominal 50K position you would have to have margin of 10,000 available. Sticking to the rule of only risking lets say 2% of your account you then need 500,000 in your account to place this one trade.

having that much cash in an account to make one trade of a half lot at one time in my opinion would not be a "retail trader"

u are using huge leverage u will soon get margin call.. try and check ur risk ratio and change to ur best leverage depend on ur account size..
MY OPINION NOT FINANCIAL ADVISE
  • #177,683
  • May 17, 2009 4:20pm May 17, 2009 4:20pm
Quoting Monk
Is that what you use? 10:1 or if that is to much in your opinion....maybe you use 5:1?

So to trade lets say a nominal 50K position you would have to have margin of 10,000 available. Sticking to the rule of only risking lets say 2% of your account you then need 500,000 in your account to place this one trade.

having that much cash in an account to make one trade of a half lot at one time in my opinion would not be a "retail trader"
not quite sure what you are saying there.

what i ment was if i had 10k, i wouldnt be even trading 100k trades as its too much for moi never mind trading 4 000 000
  • #177,684
  • May 17, 2009 4:24pm May 17, 2009 4:24pm
Quoting GodfreyH
gbpjpy 4hr chart:

I've been working over the weekend on getting the coding right on this sweet little beauty. Almost there... lol

Looks like Geppy has a bit more down to go, then a bounce perhaps?
what kind of ticket do you want bro..1st class just mention..i need those down pips badly..looks like the gap is been filled
Imanuel Parsifal
  • #177,685
  • May 17, 2009 4:26pm May 17, 2009 4:26pm
Quoting donfriday
u are using huge leverage u will soon get margin call.. try and check ur risk ratio and change to ur best leverage depend on ur account size..

Your leverage to reward/risk comes with postiion sizing, What monk said is correct. i could put a position size play on 400 times greater than you with a 400:1 as appose 1:1 leverage without ever risking more than the desired % per trade. Margin call has nothing to do with it at all unless they Gap down through and next opening trade was beyond account capacity that catchs the SL trigger. More BANG for the buck if management is right
"Millionaires don't use astrology, billionaires do"
  • #177,686
  • May 17, 2009 4:30pm May 17, 2009 4:30pm
Quoting lexazver
not quite sure what you are saying there.

what i ment was if i had 10k, i wouldnt be even trading 100k trades as its too much for moi never mind trading 4 000 000
i think you are missing my point.
--post hoc ergo propter hoc--
  • #177,687
  • May 17, 2009 4:30pm May 17, 2009 4:30pm
Quoting sycho
what kind of ticket do you want bro..1st class just mention..i need those down pips badly..looks like the gap is been filled

Your flight maybe temporarily grounded due to weather conditions, please take advantage of the bar during your wait
"Millionaires don't use astrology, billionaires do"
  • #177,688
  • May 17, 2009 4:32pm May 17, 2009 4:32pm
Quoting OrionsWay
Covered like a bandit additions,after i took a bunch from you. still holding a cpl of them additions to the main, But we'll have to see what kind of carnage is available for the pickins. I certainly wont be shorting even if it breaks down. Some things are better left alone.....
  • #177,689
  • May 17, 2009 4:33pm May 17, 2009 4:33pm
Quoting cohiba pips
............
  • #177,690
  • May 17, 2009 4:34pm May 17, 2009 4:34pm
Quoting OrionsWay
Your leverage to reward/risk comes with postiion sizing, What monk said is correct. i could put a position size play on 400 times greater than you with a 400:1 as appose 1:1 leverage without ever risking more than the desired % per trade. Margin call has nothing to do with it at all unless they Gap down through and next opening trade was beyond account capacity that catchs the SL trigger. More BANG for the buck if management is right
yep!i even use 1:500 on one of my acc untill jan last yr
Imanuel Parsifal
  • #177,691
  • May 17, 2009 4:38pm May 17, 2009 4:38pm
Quoting OrionsWay
Your flight maybe temporarily grounded due to weather conditions, please take advantage of the bar during your wait
do you know what happen's when you push the break button while on a flight?...
Imanuel Parsifal
  • #177,692
  • May 17, 2009 4:39pm May 17, 2009 4:39pm
Quoting OrionsWay
Your leverage to reward/risk comes with postiion sizing, What monk said is correct. i could put a position size play on 400 times greater than you with a 400:1 as appose 1:1 leverage without ever risking more than the desired % per trade. Margin call has nothing to do with it at all unless they Gap down through and next opening trade was beyond account capacity that catchs the SL trigger. More BANG for the buck if management is right
Exactly....thanks for adding that point.

What my one broker has done is basically cut my trading power by 300%

Quick example:

Leverage is 400:1
Account balance is 10,000

EUR/USD 1 Lot = 100,000

At 400:1 leverage i can place a full lot trade and only have margin requirement of 250

Risking lets say 2.5% of my total account balance of 10000 would give me a stop loss of only 25 pip move against me. That's a little tight. So lets say we trade only a Half of a full lot of 50K. My margin is now 125 and i can have a stop of 50 pips.

Reducing leverage to 100:1 or lower and the numbers go right out the window for day trading.

Reducing it to 10:1 as u suggest would not be feasible and you might as well be investing in a mutual fund and getting back a few % -
--post hoc ergo propter hoc--
  • #177,693
  • May 17, 2009 4:42pm May 17, 2009 4:42pm
Anyone on this board live in the States and have an account in the UK?

Thinking of moving an account there.
--post hoc ergo propter hoc--
  • #177,694
  • May 17, 2009 4:46pm May 17, 2009 4:46pm
I guess the PA this week will be abnormal as of the no hedging rule
  • #177,695
  • Edited 4:52pm May 17, 2009 4:47pm | Edited 4:52pm
Quoting rgitt05
Does anyone know about trading on this board with TA? All this calls for the PA to fall to 130-118 or swing trade short are all going to find yourself with your own account short...

Please give me a detail TA or fundamental why should GJ fall now..

Opinions is making calls for direction is OK with TA..

Guessing will only give false hope and disappointment.

I hope some of the traders on this board is using good MM

Trade the charts



143.50 is my key support zone on the Daily chart..

I gave charts in the past and all week...
seriously speaking rgitt, btw I admire your analysis even though I dont always agree on timing, just wanted your feedback on the impact that the new hedging rules may have on the market as whole. will it mean more trendier, less bumpier kind of...
  • #177,696
  • May 17, 2009 4:49pm May 17, 2009 4:49pm
i think the hedging rule is just for retail traders...and retail traders dont move the market..so it shouldnt do much
Fear's for the other guy
  • #177,697
  • May 17, 2009 4:50pm May 17, 2009 4:50pm
Gnite guyz..need to grab some sleep b/4 tokyo-london opens..see all later..
Imanuel Parsifal
  • #177,698
  • May 17, 2009 4:51pm May 17, 2009 4:51pm
Quoting mrhurley1
i think the hedging rule is just for retail traders...and retail traders dont move the market..so it shouldnt do much
I hope so
  • #177,699
  • May 17, 2009 4:52pm May 17, 2009 4:52pm
[quote=Monk;2739327]Exactly....thanks for adding that point.

What my one broker has done is basically cut my trading power by 300%

Well at Oanda we trade with the max of 50:1 leverage lucky you getting 100:1. But again i think oanda has the most favorable platform for day trading there are no complications like lots and such but again if you trade boxes its also available.
When nothing goes right... go left.
  • #177,700
  • May 17, 2009 4:58pm May 17, 2009 4:58pm
Quoting Monk
Anyone on this board live in the States and have an account in the UK?

Thinking of moving an account there.
I don't live in the US but do happen to know that it becomes harder and harder for Americans to have accounts overseas thanks to your administration. I do however know of one ECN broker that still does. Pm me for details as I don't want to be accused for advertising in this thread.
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