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$5k to infinite

  • #141
  • Jan 7, 2010 2:05am Jan 7, 2010 2:05am
Current state, I'm long Euro again:

http://www.xaron.net/dl/fx/2010/aud/account_070110.png

http://www.xaron.net/dl/fx/2010/aud/...ons_070110.png
  • #142
  • Jan 7, 2010 2:06am Jan 7, 2010 2:06am
Quoting domino
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
Thanks yes. I think AUD/JPY will be the burner this year, hopefully to the upside.
  • #143
  • Jan 7, 2010 2:19am Jan 7, 2010 2:19am
Quoting Xaron
Thanks yes. I think AUD/JPY will be the burner this year, hopefully to the upside.
The interest differential should help with pair. AUD anything at the moment seems to be a good thing (and so it should <--- Aussie Bias lol).

Nice to see things moving back along

Razor
  • #144
  • Jan 7, 2010 8:25am Jan 7, 2010 8:25am
Quoting Xaron
Thanks yes. I think AUD/JPY will be the burner this year, hopefully to the upside.
I concur. It already broke daily resistance at 84.90 - 85.00. I think it will test 89.00 level. Nice play Xaron, though I still think you need to emphasize stop loss.
  • #145
  • Jan 7, 2010 2:36pm Jan 7, 2010 2:36pm
Quoting Razor_trader
The interest differential should help with pair. AUD anything at the moment seems to be a good thing (and so it should <--- Aussie Bias lol).

Nice to see things moving back along

Razor
I agree whole heartedly through the research that I have done interest rates lead price
  • #146
  • Jan 7, 2010 3:28pm Jan 7, 2010 3:28pm
Hi Xaron, right decision to stop posting in Oanda. So much cr*p being posted it has become impossible to talk serious trading. Everyone is trying to ridicule.
Wish you good luck with this account and will be following
  • #147
  • Jan 8, 2010 2:32am Jan 8, 2010 2:32am
Thanks shiko, very kind of you.
  • #148
  • Jan 8, 2010 9:48am Jan 8, 2010 9:48am
Oanda is a great broker but their forums have always been a sideshow.

Good to see that equity curve going in the right direction Xaron.
  • #149
  • Jan 8, 2010 2:07pm Jan 8, 2010 2:07pm
Quoting Xaron
Thanks shiko, very kind of you.

BTW, Xaron, how is your bank trading going?
I trade these stocks now, I cannot believe different financial instruments can be so different. It is completely different animal from FX. I actually always wanted to trade commodities. However it looks we have only one firm here that trade commodities at least one I am aware of and they did not respond. So, took whatever I got which is stocks. I guess stocks are closer to commodities than currencies? I remember you used to trade stocks and commodities, right?
One thing that I noticed it is much easier to cut losses short in stocks trading and have higher risk:reward ration than in Forex.
It looks like pip and tick are different things. There is more value attached to tick and generally stocks and commodities represent something while currencies are like trading air
How do they increase your trading size in the bank? You have to show certain income for certain time?
  • #150
  • Jan 8, 2010 2:17pm Jan 8, 2010 2:17pm
Yeah xaron post us a shot ... we are up big today on fundys and you got the same direction. I bet your Break Even and holding out on us.
  • #151
  • Jan 9, 2010 3:13am Jan 9, 2010 3:13am
Not yet at BE but I get closer.

http://www.xaron.net/dl/fx/2010/aud/account_090110.png

http://www.xaron.net/dl/fx/2010/aud/...ons_090110.png

I dropped my Euro longs completely now. Will watch how this develops on Monday as there is still the risk of 1.38 if the Euro doesn't manage to close above 1.4460.
  • #152
  • Jan 9, 2010 3:18am Jan 9, 2010 3:18am
Quoting shiko
BTW, Xaron, how is your bank trading going?
I trade these stocks now, I cannot believe different financial instruments can be so different. It is completely different animal from FX. I actually always wanted to trade commodities. However it looks we have only one firm here that trade commodities at least one I am aware of and they did not respond. So, took whatever I got which is stocks. I guess stocks are closer to commodities than currencies? I remember you used to trade stocks and commodities, right?
One thing that I noticed it is much easier...
I took a break for a month and luckily this was December. I will start with a new managed account the coming days and will keep you up to date how this will work.

Yes, commodities and stocks are a different beast but sometimes easier to trade in technical aspects. But not that easy fundamentally.

In my main account I trade a mix of indices, bonds, commodities and fx:

http://www.xaron.net/dl/fx/2010/mi/o...ons_090110.png

Look, there was a beatiful short entry in sugar after a huge rally. We had a nice pin bar there at the Daily and there is plenty of room down:

http://www.xaron.net/dl/fx/2010/mi/sugar_090110.png
  • #153
  • Jan 9, 2010 6:21pm Jan 9, 2010 6:21pm
Quoting Xaron
Look, there was a beatiful short entry in sugar after a huge rally. We had a nice pin bar there at the Daily and there is plenty of room down:

http://www.xaron.net/dl/fx/2010/mi/sugar_090110.png
I'm curious Xaron, the chart looks very Oanda-esque, yet it's sugar. Is this some whitelabel version of Oanda's system or what?

Best wishes for the new year by the way.
  • #154
  • Jan 9, 2010 6:35pm Jan 9, 2010 6:35pm
Quoting Xaron
Not yet at BE but I get closer.
I dropped my Euro longs completely now. Will watch how this develops on Monday as there is still the risk of 1.38 if the Euro doesn't manage to close above 1.4460.
dont scare me like that xaron im still expecting higher lows and downwave failures. especially after fridays news
  • #155
  • Jan 9, 2010 6:37pm Jan 9, 2010 6:37pm
Quoting Xaron
I took a break for a month and luckily this was December. I will start with a new managed account the coming days and will keep you up to date how this will work.

Yes, commodities and stocks are a different beast but sometimes easier to trade in technical aspects. But not that easy fundamentally.

In my main account I trade a mix of indices, bonds, commodities and fx:

http://www.xaron.net/dl/fx/2010/mi/o...ons_090110.png

Look, there was a beatiful short entry in sugar after a huge rally. We had a nice pin bar there at the...


wow, how can you follow so many different markets same time?

With stocks they gave us strict parameters. 3-4 ticks stop loss. so, it is generally scalping what they are looking from us.
Actually, I got my first shot at stock trading in November 2008. same company but different branch. They did not have Demo and set us live since day one with hot keys instead of mouse. Daily loss limit for 100 shares was $20. All of us got a boot after 1 week. every day we were losing $20 and then sitting and doing nothing. That office was Chinese office. I have no idea what they expected from newbies without even a few days of Demo trading to figure some thing out. It takes some time before people stop messing with hot keys and they even did not have Demo.
This time it is different. Markets are different but more than 1 year of constant FX live trading probably has had a good effect as I have been making killing day after day. Cannot wait as they increase my number of shares but worried about liquidity issues. I think up to 1000 shares that must not be a problem though as I trade only stocks which have more than 2 000 000 daily volume.
This week has been rather volatile and I still have GBP/ JPY long position which is 75 pips under water. I still keep it since on daily the pair is in up trend. I decided to let trades run. this week. As soon as I decided to do so, my stop losses started got killed and price than moved to take profit. had it probably 50/50. but lost 1.2%. so, I got angree and made some f**k you trades. this last is running. Hopefully I will get at lesat at BE as loss will set me the whole month back. I guess until I get FX OPM I will concentrate mainly on stocks as it is my real chance now. I got OPM to trade and make money.
  • #156
  • Jan 9, 2010 6:43pm Jan 9, 2010 6:43pm
Xaron, I did not get it. are you long on $US?
  • #157
  • Jan 9, 2010 9:56pm Jan 9, 2010 9:56pm
Quoting shiko
wow, how can you follow so many different markets same time?

With stocks they gave us strict parameters. 3-4 ticks stop loss. so, it is generally scalping what they are looking from us.
Actually, I got my first shot at stock trading in November 2008. same company but different branch. They did not have Demo and set us live since day one with hot keys instead of mouse. Daily loss limit for 100 shares was $20. All of us got a boot after 1 week. every day we were losing $20 and then sitting and doing nothing. That office was Chinese office. I have...
I guess it would depend on the TF you follow as to how many things you can monitor. The longer your scope the less likely that you will have a ton of signals all at once. With a small scope like hourlys or less, if you are concentrating on levels on that TF then you would be limited to a few tradable areas.

BTW Xaron, download the above from RBS and it looks good to go. I will have a good play next week and see how my current FX mindset works with the bonds, indices and futures. Thanks again

Razor
  • #158
  • Jan 10, 2010 2:31am Jan 10, 2010 2:31am
Quoting ByteJuggler
I'm curious Xaron, the chart looks very Oanda-esque, yet it's sugar. Is this some whitelabel version of Oanda's system or what?

Best wishes for the new year by the way.
Yes it's RBS MarketIndex (formerly ABN Amro) who have licensed the Oanda platform but offer more stuff.
  • #159
  • Jan 10, 2010 2:35am Jan 10, 2010 2:35am
Quoting domino
dont scare me like that xaron im still expecting higher lows and downwave failures. especially after fridays news
It's tricky at the moment. The daily looks like it has found its bottom (higher lows already). Plus we have the fact that traders have build up a huge net long position in the Dollar already: The latest CFTC figures on speculative FX futures showed net JPY shorts (vs. USD) rose to -14,903 contracts in Dec 29th from a net short position of -1,011 on Dec 22nd. Meanwhile, EUR net shorts (vs. USD) soared to -33,797 contracts from -14,327 contracts in Dec 22. Current EUR net short positioning is the largest since the record net shorts of -40,654 contracts reached in mid September 2008.

That makes me think that further USD gains are not that likely but possible. Especially because the USD fundamentals are not that good if you look at the debts but look somewhat promising if you look at the economy.

So in the long run I'm bullish in the EUR/USD and I think we will see a follow through on monday especially in the Asia session so I might go long again with a small position.
  • #160
  • Jan 10, 2010 2:37am Jan 10, 2010 2:37am
Quoting shiko
wow, how can you follow so many different markets same time?
It's just the daily timeframe. So no stress. I don't care about +/- 100 pips/points.

Regarding the stock markets I think the Dow might even reach 11,000 first so I might drop my indices shorts on Monday with a loss. Same is true for Oil...
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