Hey Xaron
Thanks for answering my questions.
You had quite a successful week, very nice trading. I must say I am a little confused though. Earlier in the week you went long eur and aud near the top of the range, this does not seem to be bwilc style, ie buying near the middle/bottom of the grid. Also, you were very highly geared (for bwilc style). Where were your stops for those longs that you took? With your leverage you didn't give yourself too much room for the trades to work against you without risking a large portion of your account.
You're right, this has been higher risk trading with an initial risk of about 2.5%. I started with two 50k positions and added to that winner position till I had build up 224k in the EUR/USD. So not that big initial risk. My stop was at 1.3870. I always add in both directions. Using higher leverage can be very good if you add to a winning position, starting big and add a lot of smaller ones the way up.
Congratulations again on a very successful week. You are reading the markets like an open book. I am trying to understand bwilc style, but some of your trading appears to contradict what I learned about this method in the book. Has Dirk made significant changes to his trading methods? Or is this the Xaron/BWILC method?
Hmm... I guess it's XWILC (Xaron watches in lion country)
The original method is using low leverage all the day and no stops. I've adapted this to my style and often use low leverage as well but sometimes not. It's a bit hard to explain. BUT, I use always stops if I exceed 5:1.
