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Attachments: XTrade's 50 pips
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XTrade's 50 pips

  • #61
  • Apr 12, 2012 7:28am Apr 12, 2012 7:28am
As expected market pulls back as the clock ticks to 8:00 am and the NY boyz (thieves criminals manipulators ) sign on.

So, I am setting some orders and will likely give an update.

Quitting time today is 11:30 AM EST due to trading london.

If the trades taken are in profit and I feel good about rolling them I will leave them on.

Be aware of UNEMPLOYMENT claims US at 8:30 in 2 mins.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #62
  • Apr 12, 2012 8:32am Apr 12, 2012 8:32am
Entered as follows on whatever little pullbacks there were

Long: Cable @ 1.5940
Long: Euro @ 1.3145
Long: Kiwi @ .8220
Long: Aussie @ 1.0390

Short: Swisssy @ .9150

When day trading I don't usually use a set SL to avoid price spikes.
I am watching the screen and if the drawdown (max) gets a bit too close for comfort I trim the fat.

If I leave I will enter stops. and limits

Usually they are mental but, being that I have gotten some of the decisive breaks through S or R levels I am looking for I a may be looking to keep some of the trades as positions if the market permits.

In retrospect. I had an entry at .0220 for AUD, discouraged by the DTL on the daily I chose to just day trade the pair, while I could have just held for a clean 200+ appx pips. As a position trade.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #63
  • Apr 12, 2012 9:18am Apr 12, 2012 9:18am
At current gross appx 300 pips.

All trades have moved appx 35 to 50 pips x cept cable... Go figure.

With double lots, these exceed the 50 pip goal so if followed the aforementioned calls/advice one could stop for the day now.
G/L
to all

X
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #64
  • Apr 12, 2012 9:38am Apr 12, 2012 9:38am
They just jumped since the screen shot.

The aud and kiwi entry lines are gold

the others are blue dashed.

Now we are closer to gross 400 pips.
(using double lots)

Here are the results as of a few seconds ago.

I have to see if I can hide the info, I don't post live order #s online. but you can see the entries.
Attached Image (click to enlarge)
Click to Enlarge Name: 50 pips results april 12 2012.GIF Size: 109 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #65
  • Apr 12, 2012 9:41am Apr 12, 2012 9:41am
It's gonna be tough to decide whether to roll these or just book the profit, wait for pullback and re-enter

day trade,
as I have been doing.
Hmmmm.
XT

Edit: this may be a good day to shoot for 90 pips on each trade with the poor US data and broken resistances on majors and minors...
Broken support on swissy....

Anyone short U/Cad?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #66
  • Apr 13, 2012 7:27am Apr 13, 2012 7:27am
Bought dips

AUD
KIWI Largest orders

Euro Cable

Short: Swissy.

Today is Freaky Friday and it's the thirteenth!!!

Beware of position squaring, may be a smash and grab ay.

Don't let the blood get you..

NY does have a problem, weirdos

http://api.ning.com/files/AhMXfDjhKc..._viii_ver2.jpg
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #67
  • Aug 25, 2012 5:52am Aug 25, 2012 5:52am
Hope to be back in action next week.
focused on GOLD and position trading.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #68
  • Aug 25, 2012 6:09am Aug 25, 2012 6:09am
Quoting XTrade
Now we are closer to gross 400 pips.
(using double lots)
Oh man, have I been counting my pips wrong all this time? I have a small standard account and typically use between .02 and .03 lots per trade.

So If I use .02 and it moves 50 pips, is that counted as 50 or 100?? I always counted it as 50.

Thanks XTrade
Ghost Rider - WWTBMD?
  • #69
  • Aug 25, 2012 7:34am Aug 25, 2012 7:34am
Chris,

Let's use mini lots for example

.1

OK.

SO if the chart moves 50 pips and you have on a .2 trade you have GROSSED 100 pips off said trade.

Again, using micros,

.02 x 50 pips still =s 100 pips.

Now using standards.

1.0

If the trade moves say LONG GBP/USD 150 pips north and you have on a 2.0 TRADE you have made 300 pips on said 150 pip trade move.

Hope you are not just poking fun at me.

In any case.

I'm here.

XT

Quoting albchr
Oh man, have I been counting my pips wrong all this time? I have a small standard account and typically use between .02 and .03 lots per trade.

So If I use .02 and it moves 50 pips, is that counted as 50 or 100?? I always counted it as 50.

Thanks XTrade
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #70
  • Edited 7:40am Aug 25, 2012 7:39am | Edited 7:40am
Chris, if the CHART moves 50 pips, and you have DOUBLE lots, then you x's the chart pip move by the amount of lots you have on.

so, 50 pips x 3 lots = GROSS 150 pips.

Hope this helps brother,

My pairs in order are as follows

GOLD AND SILVER
AUSSIE AND KIWI
CABLE
SWISSY
LOONIE
EURO

CHUNNEL
AUD/NZD


GBP/JPY

Quoting albchr
Oh man, have I been counting my pips wrong all this time? I have a small standard account and typically use between .02 and .03 lots per trade.

So If I use .02 and it moves 50 pips, is that counted as 50 or 100?? I always counted it as 50.

Thanks XTrade
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #71
  • Aug 25, 2012 8:27am Aug 25, 2012 8:27am
Quoting XTrade
Chris,

Again, using micros,

.02 x 50 pips still =s 100 pips.

Hope you are not just poking fun at me.

In any case.

I'm here.

XT
Not a chance man. It was a serious (and now, slightly ing) question. I follow your comments on the threads around here from time to time and I know you're a serious trader.

It's all over my thread so I have no bones about posting this. I have a standard account which as of now stands at $682.94 (+5.81% since Aug 1st ). So, I don't risk more then 20 - 30 cents a pip per trade, hence .02 to .03.

So when I trade a .02 size and it move 50 pips, I count 50 pips.

The only time that differs is if I take a partial profit of .01 and let the rest run. Then, if it's at say +50 pips when I take partial, I count 50 pips for the .01 and then however many for the remainder. So if it moved an additional +20, I'd count 70 for it the remaining .01.

Soooo...it would seem I've been doing it wrong..lol

Thanks brother. Appreiciate the help!
Ghost Rider - WWTBMD?
  • #72
  • Aug 25, 2012 8:44am Aug 25, 2012 8:44am
Anytime Bro!
Glad to be of service.

And yes, to reiterate.

A 50 pip move on ANY ONE LOT size will net you 50 pips.

Now, if you double up say 2 lots and make the same 50 NET pip move on the chart, your ACCOUNT has GROSSED 100 pips..


XT

Hoping to get this up and running again, would love your input.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #73
  • Aug 25, 2012 9:35am Aug 25, 2012 9:35am
Quoting XTrade
Anytime Bro!
Glad to be of service.

And yes, to reiterate.

A 50 pip move on ANY ONE LOT size will net you 50 pips.

Now, if you double up say 2 lots and make the same 50 NET pip move on the chart, your ACCOUNT has GROSSED 100 pips..


XT

Hoping to get this up and running again, would love your input.
Well very cool then as it would seem I'm doing better (pip wise) than I gave myself credit for!

As my subtitle states, I'm "Just Finding My Way". So I'll chime in when, and only when, I'm confident about what I'm saying and feel it may actually contribute something positive.

I do fairly well trading and seem to have a natural "gut instinct" for the market. Knowing this (like everything) will be a life long learning process, I have much to learn each day.
Ghost Rider - WWTBMD?
  • #74
  • Aug 25, 2012 10:37pm Aug 25, 2012 10:37pm
Interesting thread, if anyone can make 50 pips a day then its XTrade. And btw, anyone who can make 50 pips a day is destined for greatness who ever he is!
  • #75
  • Aug 26, 2012 10:00pm Aug 26, 2012 10:00pm
Thanks Split!

Looking at aussie for a potential play, but a bit behind on my reading and need to see if the smackdown off open was fundamental or technical....

Please excuse my ignorance here, just trying to get up and running and I am not going to post setups that have no basis.

Thanks.

XT.

Quoting split_unit
Interesting thread, if anyone can make 50 pips a day then its XTrade. And btw, anyone who can make 50 pips a day is destined for greatness who ever he is!
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #76
  • Aug 27, 2012 12:05am Aug 27, 2012 12:05am
Going in small Aussie/USD long

Target 1.0440

Price 0390

st0p below 0360 area.

A bit skewed on the R:R side but if she jumps I see clearing 0440.

Thus will take the chance.


No Aussie news for Sunday and just "tentative home sales" for tomorrow,

Move was likely week and weekend rollers taking profit, plus the pair has had some trouble retaking resistances.

Going to look at cable.

First setup here in a while, don't kill me if you follow it and don't get the desired result. Also mind your stops/ or don't use them if scalping.

Use fractals and always place the stop below at least the last fractal if not the second to last if you want an easy stop place indicator, this is in an uptrend market, reverse for down.

Also , this does NOT guarantee the market won't run your stop.

XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #77
  • Aug 27, 2012 2:13am Aug 27, 2012 2:13am
WEAK YUAN FIX.

Fundamental on the smackdown to what was a GAP north.

I missed this before and apologize... Whatever the position is small with small risk.

Let's ride it. I am looking for a bottom to be forming in AUD/USD soon.

The Yuan is the most manipulated undervalued, currency in the book so f-it 4 now, even though it will affect aussie.....

Quoting XTrade
Thanks Split!

Looking at aussie for a potential play, but a bit behind on my reading and need to see if the smackdown off open was fundamental or technical....

Please excuse my ignorance here, just trying to get up and running and I am not going to post setups that have no basis.

Thanks.

XT.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #78
  • Aug 27, 2012 10:39pm Aug 27, 2012 10:39pm
Sorry Guys .. First one out of the new gate and AUSSIE is SUCKING.

I missed that weak YUAN fix.....

Gonna give it till' what she's riding on now,

50 DAY SMA. + 0350

Any further breach or no comeback and this trade is FLATTENED as a loss.

Small albeit, yet a loss none the less and we can't have that now can we.

The weekend roll was there plus 10 or 20 pips outta the gate I SHOULD HAVE TAKEN, lessons learned.

Now, Next thing is to see how London goes. Probably be sleeping, but orders are set.

Trade at own risk,

Tomorrow, we will start looking at
CABLE and
SWISSY

and see what kind long or short, inverse correlation there is to be enjoyed...

AuD not dead yet, London holiday today, the ninjas and the aussies will only do so much.

let's see if she can hold the aforementioned for comeback..........

otherwise any lower, DONE> @ loss.. can't win em' all.

XT
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #79
  • Aug 27, 2012 10:42pm Aug 27, 2012 10:42pm
YOU are.

Simply put.

A 50 pip move is a 50 pip move.

multiply the 50 pip move by 2 lots and you have made 100 GROSS.

That I think is where the confusion came from..

Please stop in.

Peace!
Love
XTC

X
Quoting albchr
Well very cool then as it would seem I'm doing better (pip wise) than I gave myself credit for!

As my subtitle states, I'm "Just Finding My Way". So I'll chime in when, and only when, I'm confident about what I'm saying and feel it may actually contribute something positive.

I do fairly well trading and seem to have a natural "gut instinct" for the market. Knowing this (like everything) will be a life long learning process, I have much to learn each day.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #80
  • Aug 28, 2012 12:56am Aug 28, 2012 12:56am
SO WE GOT THE BREAK!!!! Will post chart. PROMISE.


Let's see if this can follow thru to NYC CLOSE...................
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
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