sorry V if it was your story i quoted and not fti's, i was not quite sure as i said.
N Traderi hope you find it my friend.
regards
Phil.
Lol...even it is not my story..till the message reaches...
V
Technical Analysis Fallacy
- #32,666
- Apr 6, 2012 2:13am Apr 6, 2012 2:13am
- | Joined Mar 2009 | Status: Trader | 1,849 Posts
Happy Easter all
- #32,669
- Apr 6, 2012 8:11am Apr 6, 2012 8:11am
- Joined Sep 2009 | Status: Trader | 5,979 Posts
squeezing out pips from NFP volitility is like squeezing water from stonebut i managed few pips. happy easter y'all. rgds
Success consists of going from failure to failure without loss of enthusiam
- #32,671
- Apr 6, 2012 9:32am Apr 6, 2012 9:32am
- Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts
- #32,674
- Apr 7, 2012 8:42am Apr 7, 2012 8:42am
Hi fti,
How's thing.
My health is improving day by day. Hope yours is not doing too badly. Infact, hoping that you recover fast and let's tai chi together.
Where about are you? Hiding in Batu Cave, right !
Any more health tips !!!
regard
Happy easter
zz
- #32,675
- Edited Apr 8, 2012 4:34am Apr 7, 2012 9:01am | Edited Apr 8, 2012 4:34am
Any body,
Planning to go life trading just EU with $2,500 trading micro lots. Leverage 20:1. In order not to over trade, I'll trade up to maximum 10 micro lots each session, with another 10 lots reserve for rescue. Just a guide, nothing rigid. Just don't want to bring knives to a gun fight.
Is it reasonable? Or am I way off. Maybe $5000 is even better. Any imput will be greatly appreciated.
zz
Planning to go life trading just EU with $2,500 trading micro lots. Leverage 20:1. In order not to over trade, I'll trade up to maximum 10 micro lots each session, with another 10 lots reserve for rescue. Just a guide, nothing rigid. Just don't want to bring knives to a gun fight.
Is it reasonable? Or am I way off. Maybe $5000 is even better. Any imput will be greatly appreciated.
zz
- #32,676
- Edited 10:19am Apr 7, 2012 10:01am | Edited 10:19am
Any body,
Planning to go life with $2,500 trading micro lots. In order not to over trade, I'll trade up to maximum 10 micro lots each session, with another 10 lots reserve for rescue. Just a guide, nothing rigid. Just don't want to bring knives to a gun fight.
Is it reasonable? Or am I way off. Maybe $5000 is even better. Any imput will be greatly appreciated.
zz
What's your leverage?
If you are using up to 10 troops for trading and with only 10 left for rescues, I think it's not good enuf...
As a general rule of thumb for capital, i think it's - the more the merry
In order not to repeat too much of the earlier discussion, please refer to this post by Auxesis. I think he explained it very clearly and concisely
http://www.forexfactory.com/showthre...35#post3462135
Regards
- #32,677
- Apr 7, 2012 10:40pm Apr 7, 2012 10:40pm
Hi Zoomzoom,
What's your leverage?
If you are using up to 10 troops for trading and with only 10 left for rescues, I think it's not good enuf...
As a general rule of thumb for capital, i think it's - the more the merry
In order not to repeat too much of the earlier discussion, please refer to this post by Auxesis. I think he explained it very clearly and concisely
http://www.forexfactory.com/showthre...35#post3462135
Regards
I just added my leverage which is 20:1. Capital ... more the merrier, but I also prefer not to bring canon to a gun fight. Another problem I find trading too many lots and too many currency pairs at the same time can become quite messy when in a hurry to exit, just don't have the mental capacity. I'm looking for an optimum capital size with leverage of 20:1 which will allow me to trade roughly 20 lots (position + rescue), to trade just EU. Wish I could express myself better.
Thanks for your input N-Trader. Most appreciated.
zz
- #32,678
- Apr 7, 2012 11:04pm Apr 7, 2012 11:04pm
Hi N_Trader,
I just added my leverage which is 20:1. Capital ... more the merrier, but I also prefer not to bring canon to a gun fight. Another problem I find trading too many lots and too many currency pairs at the same time can become quite messy when in a hurry to exit, just don't have the mental capacity. I'm looking for an optimum capital size with leverage of 20:1 which will allow me to trade roughly 20 lots (position + rescue), to trade just EU. Wish I could express myself better.
Thanks for your input N-Trader. Most appreciated....
If you already know your threshold for pain and your capacity and timeframe for battle, I think you already have a headstart. The other thing that you might wish to take note is your expectations for profits. Not trying to b rigid here, but I strongly recommend that you use only the first progression of 1 1 2 or 1 1 3 instead of 10 troops. Build slowly and gain confidence from there. If you already know that you have v limited ammo for rescues, it means that your timing must b dead accurate and your attack troops must be killed immediately once you find yourself against the daily impulse.
Just my 2 pips worth. Good trading and success to you my friend
Regards
