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The Really Useless Thread

  • #46,041
  • Jan 10, 2012 3:39am Jan 10, 2012 3:39am
Quoting Gleneagles
It gives me a "buffer" at both ends of the 20 pip beats for spread and slippage.

I do at times target 20+ in fast moving markets but the +12`s add up quickly ,compounding obviously makes a huge difference over time
thought as much, i guess over the averages you've found that to be the optimum target...

yeah, what with compounding, i can see how just 3 or 4 of those would constitute a reasonable day's takings..
  • #46,042
  • Jan 10, 2012 3:52am Jan 10, 2012 3:52am
Quoting FibbinArchie
thought as much, i guess over the averages you've found that to be the optimum target...

yeah, what with compounding, i can see how just 3 or 4 of those would constitute a reasonable day's takings..
For sure...I can kick myself that I did not start compounding according to a set formula a lot earlier.
I started in 2010 and if I started only 6 months earlier , I would have hit my "target" 43 months earlier...however....the beauty of compounding is that you can control/manage your risk profile to suit your risk tolerance and to fit in with your trading style.
" Never let the past hold the future to ransom "
  • #46,043
  • Jan 10, 2012 3:57am Jan 10, 2012 3:57am
Quoting Gleneagles
For sure...I can kick myself that I did not start compounding according to a set formula a lot earlier.
I started in 2010 and if I started only 6 months earlier , I would have hit my "target" 43 months earlier...however....the beauty of compounding is that you can control/manage your risk profile to suit your risk tolerance and to fit in with your trading style.
how do you deal with the increase in monetary risk? or is it gradual, so your risk tolerance grows at the same rate? if that makes sense..

i ask because i've had problems in the past where the account has grown rapidly, i've then overleveraged and ended up blowing it, quite painful to blow what you perceive as being a substantial sum of money..

trying to stick to the more controlled, disciplined approach now..
  • #46,044
  • Jan 10, 2012 4:02am Jan 10, 2012 4:02am
if talking heads would quit blabbing about shit we already know we could move forward here
  • #46,045
  • Jan 10, 2012 4:05am Jan 10, 2012 4:05am
Quoting fxjawn
if talking heads would quit blabbing about shit we already know we could move forward here
do you know when fitch is due to conclude italy review? downgrade likely according to one of their spokespeople...
  • #46,046
  • Jan 10, 2012 4:06am Jan 10, 2012 4:06am
Quoting FibbinArchie
how do you deal with the increase in monetary risk? or is it gradual, so your risk tolerance grows at the same rate? if that makes sense..

i ask because i've had problems in the past where the account has grown rapidly, i've then overleveraged and ended up blowing it, quite painful to blow what you perceive as being a substantial sum of money..
the increase in monetary risk is gradual but always remain constant in terms of % risked/per trade

i just focus on pips and never look at $ or PL when i trade , i look at trading records in "batches" of 20 trades rather than focus on single trades as a do-or- die effort, it helps me to look at a bigger picture rather than worry about the odd losers or breakeven trades.
" Never let the past hold the future to ransom "
  • #46,047
  • Jan 10, 2012 4:09am Jan 10, 2012 4:09am
Quoting FibbinArchie
looking north, dr1 @ 2813 (friday's high)..

weekly piv @ 2830...

now moving into late asia supply area...
http://www.forexlive.com/blog/2012/0...de-for-eurusd/

Well talk of buy stops gathered up in 1.2810/15 area, before decent sell orders around 1.2830.
In fact was earlier hearing reports of “smart” name lined up on offer at 1.2830.



nice of fxl to back up my technical analysis..
  • #46,048
  • Jan 10, 2012 4:11am Jan 10, 2012 4:11am
Quoting FibbinArchie
do you know when fitch is due to conclude italy review? downgrade likely according to one of their spokespeople...
no latest on the wire out of his mouth is italy's rating likely to fall when review is concluded
  • #46,049
  • Jan 10, 2012 4:12am Jan 10, 2012 4:12am
Quoting Gleneagles
the increase in monetary risk is gradual but always remain constant in terms of % risked/per trade

i just focus on pips and never look at $ or PL when i trade , i look at trading records in "batches" of 20 trades rather than focus on single trades as a do-or- die effort, it helps me to look at a bigger picture rather than worry about the odd losers or breakeven trades.
cool, taking notes here, i think i am still a little too focussed on money atm...
  • #46,050
  • Jan 10, 2012 4:13am Jan 10, 2012 4:13am
Quoting fxjawn
no latest on the wire out of his mouth is italy's rating likely to fall when review is concluded
expecting the mandatory 100 to 200 pip tank followed by immediate retrace then...
  • #46,051
  • Jan 10, 2012 4:17am Jan 10, 2012 4:17am
Quoting FibbinArchie
expecting the mandatory 100 to 200 pip tank followed by immediate retrace then...
yea is it supposed to come out soon?

looks like the chart is setting up for it lol
  • #46,052
  • Jan 10, 2012 4:17am Jan 10, 2012 4:17am
taking note of the 9am gmt reversal, gonna see if we get a similar pattern for the rest of the week. about this time last year it was 8.20am everyday, regular as clockwork...
  • #46,053
  • Jan 10, 2012 4:18am Jan 10, 2012 4:18am
Quoting fxjawn
yea is it supposed to come out soon?

looks like the chart is setting up for it lol
could be, but don't even know if it's due to conclude today, anyone care to chip in?
  • #46,054
  • Jan 10, 2012 4:21am Jan 10, 2012 4:21am
Fitch Sees no 2012 France Downgrade, Italy at Risk

http://ashraflaidi.com/t/?h3032
  • #46,055
  • Jan 10, 2012 4:21am Jan 10, 2012 4:21am
Quoting FibbinArchie
could be, but don't even know if it's due to conclude today, anyone care to chip in?
i have 2 up the the second wires.... i guess ass he throws in a comment they report it.. its actually his comments cat made us pull off the high earlier
  • #46,056
  • Jan 10, 2012 4:22am Jan 10, 2012 4:22am
Quoting FibbinArchie
Fitch Sees no 2012 France Downgrade, Italy at Risk

http://ashraflaidi.com/t/?h3032
ye ai knew that i thought u were talkin italy
  • #46,057
  • Jan 10, 2012 4:24am Jan 10, 2012 4:24am
Quoting FibbinArchie
cool, taking notes here, i think i am still a little too focussed on money atm...
it will make a huge difference to your trading performance and your stress levels if you can manage that

first prize is building up a consistent trading record and set realistic targets /goals....no need for huge gains...compounding does the rest
" Never let the past hold the future to ransom "
  • #46,058
  • Jan 10, 2012 4:24am Jan 10, 2012 4:24am
offers above 2800 too/stops
  • #46,059
  • Jan 10, 2012 4:25am Jan 10, 2012 4:25am
Quoting fxjawn
ye ai knew that i thought u were talkin italy
i was, posted coz it mentions italy...
  • #46,060
  • Jan 10, 2012 4:26am Jan 10, 2012 4:26am
Quoting fxjawn
offers above 2800 too/stops
accumulating inventory to sell into stops? lets c...
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