Morning Glen.
Looking good, mate. You don't have one in SA colours, do you?
Where be the Queen these days?
Queen must be visiting some exotic island to check up on her loyal subjects
" Never let the past hold the future to ransom "
The Really Useless Thread
- #85,301
- May 9, 2012 1:14am May 9, 2012 1:14am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Queen must be visiting some exotic island to check up on her loyal subjects
- #85,302
- May 9, 2012 1:15am May 9, 2012 1:15am
- Joined Jun 2011 | Status: UN-RE-TIRED | 12,773 Posts
So that was nearly -$16. On FXPro, the smallest trade you can open (0.10) would have been $160 in the red...plus whichever other orders opened and were in DD.
No big whoop if properly funded, but I'm sure some people get nervous pretty quick. Or try to martingale a recovery...and then get wiped right the fak out!
if 1% makes a person nervous then they should check out there local mutual of omaha and quit trading... im sure they have some savings bonds to sell them
anyways... i obviously would adjust the tactic if i were not able to chip in like that...
would just put a limit closer to the intended low or something and if it hit so be it..
just trying to get a feel for the flows of gold so the bet way is just trade it...
total risk on the trade was less than 1%
- #85,303
- May 9, 2012 1:22am May 9, 2012 1:22am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Working on a pink version
Queen must be visiting some exotic island to check up on her loyal subjects
Pink would be popular. Well...maybe one...
- #85,305
- May 9, 2012 1:32am May 9, 2012 1:32am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
I donīt know anything about your strategy so my apologies if mistaken, but this fairly looks like you scale in to a loser until it actually hits the top/bottom and than you collect profits on the way back down/up - certainly no problem if you know your levels well and what you are doing, but kinda risky imo if something unexpected happens and keeps the trend going against you...
Quant Hedge Fund CEO
- #85,306
- May 9, 2012 1:34am May 9, 2012 1:34am
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
well if the total of all your trades drawdown is still less then what you are willing to risk on a single trade 1-2 % then i dont see a problem with it...
if 1% makes a person nervous then they should check out there local mutual of omaha and quit trading... im sure they have some savings bonds to sell them
anyways... i obviously would adjust the tactic if i were not able to chip in like that...
would just put a limit closer to the intended low or something and if it hit so be it..
just trying to get a feel for the flows of gold so the bet way...
Was just letting you know...because you had asked about FXPro recently... that at their minimum lot size...-$16 = $160 DD. To maintain 1% DD (for wussies!) on that one position (1601) alone, you would need a starting balance of $16,000.
Just worth bearing that shite in mind as you're getting used to the flows. Without a very large account, Gold is not the greatest instrument for scaling in. I rarely do it on Gold...and I almost consider myself the King of scaling in.
Almost!
- #85,307
- May 9, 2012 1:35am May 9, 2012 1:35am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
Royalty wha!
Pink would be popular. Well...maybe one...
Hot pink I believe
Planning to kick a few dents in the bars tarts today
" Never let the past hold the future to ransom "
- #85,308
- May 9, 2012 1:35am May 9, 2012 1:35am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #85,309
- May 9, 2012 1:39am May 9, 2012 1:39am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
Quant Hedge Fund CEO
- #85,310
- May 9, 2012 1:40am May 9, 2012 1:40am
- Joined Jun 2011 | Status: UN-RE-TIRED | 12,773 Posts
Coolio brother.
Was just letting you know...because you had asked about FXPro recently... that at their minimum lot size...-$16 = $160 DD. To maintain 1% DD on that one position (1601) alone, you would need a starting balance of $16,000.
Just worth bearing that shite in mind as you're getting used to the flows. Without a very large account, Gold is not the greatest instrument for scaling in. I rarely do it on Gold...and I almost consider myself the King of scaling in.
Almost!
yea obviously id have to tweak the tactic with that broker...
<-------------------- .5 % homo with the small ones though i can break that up into 10 orders if i needed to with the same 160$ risk.. not that i would but just saying a 1 lot on here is so small its stupid ... its a true "feeler" lol
yea but the shit moves when it does...
obviously i would not want to set myself up for getting caught..
- #85,311
- May 9, 2012 1:40am May 9, 2012 1:40am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Hot pink I believe
Planning to kick a few dents in the bars tarts today
so pinkish
- #85,312
- May 9, 2012 1:45am May 9, 2012 1:45am
- Joined Jun 2011 | Status: UN-RE-TIRED | 12,773 Posts
out with 10 before french TB. Will reload if favourable.
- #85,313
- May 9, 2012 1:46am May 9, 2012 1:46am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
:vaginasmiley:
Quant Hedge Fund CEO
- #85,316
- May 9, 2012 1:50am May 9, 2012 1:50am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
sokers
- #85,317
- May 9, 2012 1:50am May 9, 2012 1:50am
- Joined Oct 2008 | Status: sideline is a position | 105,207 Posts
those who can, do. those who cant, talk about those who can
- #85,318
- May 9, 2012 1:51am May 9, 2012 1:51am
- Joined Nov 2011 | Status: That olī grumpy bastard... | 3,235 Posts
:vaginasmiley:
, that 90 is still holding 
Quant Hedge Fund CEO
- #85,319
- May 9, 2012 1:52am May 9, 2012 1:52am
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
i need my sass boots to walk in here and a paddle to whack the SassMoles
put the pink ones on sexy
- #85,320
- May 9, 2012 1:52am May 9, 2012 1:52am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
put the pink ones on sexy
Look Sharp/Trade Tight