Two Tube Trading

Most of my MTF-Analysis don't give me valuable signals for a longer term investment. The market seems in an unstable market condition, where it could be better not to trade long term. The Long Term CCI Tops and the Bottoms seems to be deserted, ...maybe I have to concentrate at smaller time frames to make the money. I think I have to take more into account the scalping trades in the next days and weeks interblended with some Swinging Trades. By searching probability patterns of higher chances of making a profit, it's not very interesting for me to make money only with EU Scalping Trades in the next time. This kind of association could boring me. Maybe I should go on holiday or reading books in a first-rate library. I don't know!
Kindest regards
FXcube

Money- & Risk-Management
I don't have read excellent money management books since today and I have read many of these but no one of these could reflect my kind of trading in a realistical way. What a pity? May be I will write a MM/RM Book once time for advanced level traders.

Money Management
Formula: Capitalize-the-risk-ratio
A daily profit about +10'000$ needs a capitalize-to-risk-ratio around 1:10 without any kind of stop loss trading, instead of the risk-to-reward-ratio of 3:1 or 2:1 or so by trading the 2% stop loss rule. So I have to manage the "equity" or the "free margin" position around 100'000.-$ in plus (10 times more then the daily win). My personality and my trading concept (say all the corpus rationale of my fx-experience) allows to make a risk definition over the daily win positions. May be it sounds stupid in one form or another, for me it's an intelligent cognition, simple, efficient & profitable.

It's very hard to use any form of Position Size Calculator (like http://www.earnforex.com/position-size-calculator), that lets you to calculate the size of the position in units and lots to accurately manage your risks, albeit it works with all major currency pairs and crosses & even though it requires the minimum input values, but allows you to tune it finely to your specific needs. I have predominantly to realign at the 1:10 ratio, due to the fact that I overcharge the trades in scalping times, where I generate some parts of my daily win from short-term trades as well as you know during longer-term trades are running on. I don't make comments which of these open trades (usually 10% by comparing with all closes trades at the History file) are short dated, medium term or long range or currency-cross-pairs, hedging pairs or so. A global formula is that I use smaller lot sizes at long-term pairs and high lotsizes at short-termed currency pairs. It depends a lot of times which probability factor I could match a trade. E.g. if Daily, H4, H1 are signaled a trend I tend to go in with a higher lotsize. A Bullish (Bearish) Counterattack Pattern hasn't for me the same power of argument by contrast with a Bullish Piercing Pattern (Dark Cloud Cover) or a Bullish (Bearish) Engulfing Pattern & higher time frames have for me general more power then PA's at smaller timeframes. I like more to think in dynamical procedures everything flows, so item the currency market. Determining the position size is more affected with the likelihood or a probability factor. When I think the market didn't show a clear trend, it's ranging I like to hedge some trades or select some overspeed crossing pairs in the range of smaller lot sizes.

Deficit Management
by trading without any stop loss
I have to hedge (or double, triple, quadruple) the deficit or make with other currency pairs a counterbalance in money management. It's more a daily routine to compensate or equate the losses if there are no need of any stop-loss in the forex landscape. What you need is to develop your trading skills that you are able to do this if trades are running aginst you, but it's not a critical factor concerning the determinant of the daily wins. If the wins have a daily medium weight about 500.- you need only 20 trading days to counterbalance a 10'000.-$ deficit. The fewest currency traders think about it! Why? ...because they make more losses then wins, ...contrary it's really easy for an advanced level trader!

May be you could follow the same procedure with the "500.-$-Scalping Real Account" (Beginning Date: 2012 April 16, see p.95, #1415, p.77, #1144; Trading Plan, p.77, #1143, Actual: #1471) here at board the next months in place of the 100'000.-$ Account described as example above.

Kindest regards
FXcube

thanks for replying. forexcube.

took 2 weeks reading your threads and i took a couple of days working with this method.

normally, i work only with eurjpy.

this is the result:

http://i46.tinypic.com/qsjrsj.jpg

thanks and sorry for my english, im from spain xDD

regards!

Normally hedging would involve placing a sell EU when a Buy EU has gone rouge.
Have you ever, in the same situation, a EU Buy is going bad - place a UC buy to hedge

Many times!
FXcube

http://www.forexfactory.com/forexcube

Of low priority.
Deposit: 100'000.-$
Beginning Date: 2012 March 28
Today
2012 Mai 06
Equity: 222'868.-$

100% Profit is reached.

Average pips are minimum 1 and max 51 so nice numbers...........

have a nice weekend take care and keep on doing the great work. I have learned a lot from you

regards
aman

In this situation. Do you ever just close out the losses and start with a clean slate or keep hedging using LOM. You are showing about a 33% DD
based on account total

I have some longs 1.33 area and my DD is about 25% off acct bal
not sure that we will get back to that area soon but I also fear to take some sell orders now being we are at the bottom near 1.31 which seams to be holding since late March

You mentions the French electtion. Which candate do you feel would make the EU go up or down

Voters now favor Hollande over Sarkozy by a margin of 53.5- to-46.5 percent

I am not up on these elcetions but I like this statment and wish someone over here would have said it 1st


""Are you aware we are in an open world?” Sarkozy asked Hollande in their May 2 debate. “There is a difference between us: you want fewer rich, I want fewer poor.”


Hollande has pledged to meet France’s deficit reduction targets this year and next. He intends to do it through raising taxes by more than he increases spending. He also plans to tax personal earnings of more than 1 million euros ($1.3 million) at a rate of 75 percent.

well off soon to work on the boat cheers!

#1488

Equity Variable
The Drawdown parameter isn't really important for me because I have the knowledge to manage it in a right way. This drawdown here are only all actual open minus orders. Normally I manage the red open orders for several days, weeks or months with LOM since an account have make 50%-200% Net Profit. Then I would close it and would begin again with a new account.
The parameters e.g. "relative drawdown", "maximal drawdown", "profit trades" versus "loss trades", "profit factor", "gross loss" or *consecutive wins" are not so important for me. I look above all on the profit, say the ongoing growth of the "equity" factor.
FXcube

#1488

Francois Hollande is a socialiste. If Hollande will win the election many rich people will left France,... a capital flight to asia, switzerland,....and so on... The FX Market could go down at first in the next days, maybe weeks but I think not under EU 1.26. We'll see!
FXcube

'It's up to the French people to decide if it's going to be a good day.'—Socialist presidential challenger Francois Hollande

Thank you, aman4forex!
That's fine!
Best wishes to India!
FXcube

You think euro has any support area left retreating from the close at 1.3010 at the moment....................will find support around 1.2980 may be european french election has the effect

+10% on the poket, because all the shorts I have been building last week, have reached their objetives between 1.3022 and 1.3010

Good week begining ..

Little windy out sailing the circle is the horizon LOL

Starting time coming soon
many green pips to you all

Francois Hollande defeated French President Nicolas Sarkozy as voters handed control of the second-biggest European economy to the Socialists for the first time in 17 years.

EURUSD, H1, 2012 Mai 07

Long @ 1.2981 (5/10)

#1492

Hi aman4forex!
1.2980 could be a favored probability for going partial Long by scalping the downs.
See #1496 , please.
Kindest regards
FXcube

Keep it up!
FXcube

#1494

Thank you!
Ship ahoy!
Ideal leisure management!
Phantastic shot!
FXcube

EURUSD, Daily, 2012 Mai 07

Long 1.2988 (3/10)