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  • #121
  • Dec 22, 2009 5:58pm Dec 22, 2009 5:58pm
Have you tried to calculate how much the spread have costed you on usdnok? Quite an expensive pair to trade intraday, at least with my broker.
Measure twice, cut once
  • #122
  • Dec 23, 2009 12:24am Dec 23, 2009 12:24am
Kinda missed this Dec trend reversal huh?.... You gotta be a bit more flexable and not get married to an idea or pair.
  • #123
  • Dec 23, 2009 1:08am Dec 23, 2009 1:08am
Quoting tradestar1
Kinda missed this Dec trend reversal huh?.... You gotta be a bit more flexable and not get married to an idea or pair.
Yes, missed that. So what? You think it's a trend reversal? Uh dear...
  • #124
  • Dec 23, 2009 1:09am Dec 23, 2009 1:09am
Quoting aediaz1
Have you tried to calculate how much the spread have costed you on usdnok? Quite an expensive pair to trade intraday, at least with my broker.
I don't trade that pair intraday but hold it long term. So the spread costs are not that relevant. Plus I get positive swap. I think the NOK is still one of the most stable currencies out there.
  • #125
  • Dec 23, 2009 1:27am Dec 23, 2009 1:27am
Hi all,

so that's the situation right before Christmas:

http://www.xaron.net/dl/fx/2009/aud/...ons_231209.png

http://www.xaron.net/dl/fx/2009/aud/account_231209.png

Got stopped out in some more big trades and beside the NOK I feel more comfortable right now. Again, I made mistakes and that's one of the reasons I make this journal here - to hopefully learn from. Will use more technical stuff in the next year.

I wish you all a merry Christmas!
  • #126
  • Dec 23, 2009 1:54am Dec 23, 2009 1:54am
Xaron, do you have limits on total position value vs. balance? I mean I start to sweat above 200%. You're still around ~300% (91k / 3.4k). Not that I'm saying anything against it, just asked about numbers.
Thanks
forget about tomorrow, just steal away into the night
  • #127
  • Dec 23, 2009 2:06am Dec 23, 2009 2:06am
Quoting spekitox
Xaron, do you have limits on total position value vs. balance? I mean I start to sweat above 200%. You're still around ~300% (91k / 3.4k). Not that I'm saying anything against it, just asked about numbers.
Thanks
Yes I have but not at this account size. In bigger accounts I try to limit that to 10:1 max.
  • #128
  • Dec 23, 2009 8:09am Dec 23, 2009 8:09am
Quoting Xaron
Again, I made mistakes and that's one of the reasons I make this journal here - to hopefully learn from. Will use more technical stuff in the next year.

I wish you all a merry Christmas!
Xaron, you don't need more technical stuff !!!

Even if you seem to face with ease the drawdown, it looks obvious to me that you have to work on the psychological / mental side of trading.

Here is a gem that Paul Tudor Jones once said about trading:

"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass!"


I wish you a merry Christmas!

Getting it right is NOT as important as not getting it wrong.
  • #129
  • Dec 27, 2009 5:34am Dec 27, 2009 5:34am
Hello Xaron. Dirk du Toit released updated version of his book with "more than 100 additional pages". Did you read it? Is it worth buying?
  • #130
  • Dec 28, 2009 9:24am Dec 28, 2009 9:24am
I don't like xaron trading style but it's just stupid posting negative comments about it

it's not about being right but about having a method that suits you, and that's what xaron is showing in his journal, the process of mastering his own style
  • #131
  • Dec 28, 2009 11:20am Dec 28, 2009 11:20am
Hey Xaron o/
Know you from Oanda forum! (cant remember my original account name but my new one is Allyourpipsaremine!.
  • #132
  • Dec 30, 2009 3:06pm Dec 30, 2009 3:06pm
Quoting s9uirell
Hello Xaron. Dirk du Toit released updated version of his book with "more than 100 additional pages". Did you read it? Is it worth buying?
I'm still reading it but so far it sounds much more complete than the first edition, so yes, I think it's worth it.
  • #133
  • Dec 30, 2009 11:56pm Dec 30, 2009 11:56pm
Almost anything would be more complete than his first edition.....
I found it to be a colossal waist of time.
I doubt I will be reading his second attempt..... And I definitely would not buy it..
  • #134
  • Dec 31, 2009 7:36am Dec 31, 2009 7:36am
Quoting tradestar1
Almost anything would be more complete than his first edition.....
I found it to be a colossal waist of time.
I doubt I will be reading his second attempt..... And I definitely would not buy it..
Well that ok for me. At least with the current edition you have a full 60 days money back guarantee. So you can't "lose" anything.

I've seen a lot of crap out there and don't be scared about my bad performance in December, that had nothing to do with BWILC but just with bad trading.
  • #135
  • Dec 31, 2009 9:01am Dec 31, 2009 9:01am
Quoting Xaron
Well that ok for me. At least with the current edition you have a full 60 days money back guarantee. So you can't "lose" anything.

I've seen a lot of crap out there and don't be scared about my bad performance in December, that had nothing to do with BWILC but just with bad trading.
Like most books they portray the authors bias and views and most are just ramped up tools to promote an ego, BWILC IMO was a good read, although some of it fell into the above I still found use in the writing. It showed a way that new traders should start out instead of the high leverage huge risk methods that most sites and forums seem to produce.

Happy New Year to you all

Razor
  • #136
  • Dec 31, 2009 11:12pm Dec 31, 2009 11:12pm
Quoting tradestar1
Almost anything would be more complete than his first edition.....
I found it to be a colossal waist of time.
I doubt I will be reading his second attempt..... And I definitely would not buy it..
Please keep in mind you are in a person's journal here. Thank You.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #137
  • Dec 31, 2009 11:19pm Dec 31, 2009 11:19pm
Quoting tradestar1
Almost anything would be more complete than his first edition.....
I found it to be a colossal waist of time.
I doubt I will be reading his second attempt..... And I definitely would not buy it..
Wow, I agree with LasVahGoose. You're reading a traders journal. This isn't some strategy or method that he's sharing. It's a guys trading journal.

Don't let me sink your boat, but most traders even the most successful have losing months, some several months at a time. Read up on some successful traders, most have several losing months. It's the winning months that count.
  • #138
  • Jan 5, 2010 1:15am Jan 5, 2010 1:15am
Hi all,

that's the current situation in my account:

http://www.xaron.net/dl/fx/2010/aud/account_050110.png

http://www.xaron.net/dl/fx/2010/aud/...ons_050110.png

As you can see I recovered a bit from the lows ($3,300) and I'm net long USD at the moment. Yes, that's right. I still think that the Aussie will outperform the other currencies but the Euro is a bit whacky. The USD might get some more love even though my long term bias is still short but I can't deny the fact that there is more up potential for the Dollar. A close above 1.4480 could lead to more upside in the Euro and in that case I would drop my short. This weeks NFP might shake up the markets...
  • #139
  • Jan 5, 2010 2:17am Jan 5, 2010 2:17am
Good to see you recovered some of your losses.
  • #140
  • Jan 6, 2010 5:21pm Jan 6, 2010 5:21pm
Quoting Xaron
Hi all,

that's the current situation in my account:

http://www.xaron.net/dl/fx/2010/aud/account_050110.png

http://www.xaron.net/dl/fx/2010/aud/...ons_050110.png

As you can see I recovered a bit from the lows ($3,300) and I'm net long USD at the moment. Yes, that's right. I still think that the Aussie will outperform the other currencies but the Euro is a bit whacky. The USD might get some more love even though my long term bias is still short but I can't deny the fact that there is more up potential for the...
good stuff yeah us fundamentalist saw some good profits coming out of this mess we are still long over here i like your positions maybe a bit more diversification in your positions if you dont mind me saying you got some great alternatives out there not the dollar. GOOD LUCK I like checking out your positions and thread. Add: Altho we are net short usd
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