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Longer Term Trading 11 replies

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looking for a UK broker i do a lot of very quick scalping but also hold longer trades 9 replies

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Longer Term Trades

  • #1
  • First Post: Edited May 29, 2012 11:26pm May 22, 2012 4:14am | Edited May 29, 2012 11:26pm
Long(er) Term Trades
Life Trading
LTTs are trading decision based at Daily, Weekly, Monthly, maybe triggered at H4, H1, M30, M15, M5. It should be make a profit of 50-1000 pips. You've to take into the Account that the market price could easily run over 500 pips in the counterpart direction. So LOM, Risk- & MoneyManagement should be adapted. Trades were executed on a 2'350.-$ Real Account with Lotsizes in a Range of 0.01-0.5 usually.
FXcube

___

Real Account:
Beginning Date 2012 April 04, Deposits: 2'350.94$
Actual: 2012 Mai 28, Equity: 2'894.71$, Profit: +533.11$, (+22.5%, Basis: '361.60$), see p.2, #22;

___
Label:
LOM = Loss Order Management (see more #35)
PO = Pending Order
__
Forex Trader's Glossary
http://www.efxnow.com/glossary/commentary.html
http://www.investopedia.com/categori...#axzz1vaNIhm69 (Technical Analysis Term)
Financial Acronyms
  • #2
  • Edited 8:00am May 22, 2012 4:16am | Edited 8:00am
USDINR, Monthly, Weekly, 2012 Mai 22
USDINR, Weekly, Weekly, 2012 Mai 22

Short @ 1.5530, Target @ 1.50
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDINR, Monthly, 2012 Mai 22.jpg Size: 99 KB
Click to Enlarge Name: USDINR, Weekly, 2012 Mai 22.jpg Size: 97 KB
  • #3
  • May 22, 2012 7:59am May 22, 2012 7:59am
NZDUSD, Weekly, 2012 Mai 22
NZDUSD, Monthly, 2012 Mai 22

Long @ 0.7605, Target @ 0.8150

Attention!
If breakout further downside movements possible.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD, Weekly, 2012 Mai 22.jpg Size: 125 KB
Click to Enlarge Name: NZDUSD, Monthly, 2012 Mai 22.jpg Size: 129 KB
  • #4
  • May 22, 2012 9:06am May 22, 2012 9:06am
http://fxtrade.oanda.com/analysis/labs/
  • #5
  • May 22, 2012 10:40am May 22, 2012 10:40am
USDPLN, Weekly, 2012 Mai 22
USDPLN, Daily, 2012 Mai 22

Short @ 3.4033, Target @ 3.22
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDPLN, Weekly, 2012 Mai 22.jpg Size: 148 KB
Click to Enlarge Name: USDPLN, Daily, 2012 Mai 22.jpg Size: 137 KB
  • #6
  • May 22, 2012 12:09pm May 22, 2012 12:09pm
Cube, do you feel that these "small" pairs are more risky to trade (unexpected movement)? or they are just same thing on any market.

Quoting Forexcube
USDPLN, Weekly, 2012 Mai 22
USDPLN, Daily, 2012 Mai 22

Short @ 3.4033, Target @ 3.22
  • #7
  • May 22, 2012 1:26pm May 22, 2012 1:26pm
Quoting charvo
Cube, do you feel that these "small" pairs are more risky to trade (unexpected movement)? or they are just same thing on any market.
Oh, yes sure! ...."unexpected movements"...., no doubt! But long term it's nice to have.
FXcube
  • #8
  • May 22, 2012 9:06pm May 22, 2012 9:06pm
USDDKK, Weekly, 2012 Mai 23
USDDKK, Monthly, 2012 Mai 23

Short @ 5.8641, Target @ 5.1220
PO Short @ 6.1000, Target @ 5.2000
Monthly could go further up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDDKK, Weekly, 2012 Mai 23.jpg Size: 179 KB
Click to Enlarge Name: USDDKK, Monthly, 2012 Mai 23.jpg Size: 132 KB
  • #9
  • May 22, 2012 10:11pm May 22, 2012 10:11pm
Quoting Forexcube
Long(er) Term Trades
Life Trading
LTTs are trading decision based at Daily, Weekly, Monthly, maybe triggered at H4, H1, M30, M15, M5. It should be make a profit of minimum 200 pips. You've to take into the Account that the market price could easily run over 500 pips in the counterpart direction. So Risk- & MoneyManagement should be adapted. Trades were executed on a 2'500.-$ Real Account with Lotsizes in a Range of 0.1-0.5 usually.
FXcube


___
Label:
PO = Pending Order
__
Forex Trader's Glossary
http://www.efxnow.com/glossary/commentary.html
http://www.investopedia.com/categori...#axzz1vaNIhm69...
I have been trading for about 2 years and finally get things and finally am averaging between 50 to 300 pips a trade depending on market footprints obvously. I am more of a swing trader ill hold my positions for a couple days. I will experience about 20 - 30 pips of draw down about 25% of the time, the other 75% i will experience little to no drawdown, but it will take a few hours for the moves to come to affect for obvous reasons and money moving. So, how much drawdown/ and time before you get into profit do you experience, how long do you hold your trades? What is your exit strategy or if you realize the target wont get hit and the trend did not fully reverse and you catch the retracement swing. Very curious as i have been trying to successfully turtle trade (Long term) for a while with little to no success. I think the longes I heald my trades was for half a month and I had to add/remove positions, and all togother they accumulated about 2K pips before they were all closed.
Know when to hold em, Know when to fold em!
  • #10
  • May 23, 2012 4:40pm May 23, 2012 4:40pm
AUDCAD, Weekly, 2012 Mai 23

Long @ 1.0000, Target @ 1.05

PO Long @ 0.978, Target @ 1.05
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD, Weekly, 2012 Mai 23.jpg Size: 137 KB
  • #11
  • May 23, 2012 5:09pm May 23, 2012 5:09pm
There's much more to FX life than what you see!

In developing my own Longer Term Trading Plan I like baskets, currency correlations & -crosses, the calculated risk exposure, cleaner trends and ranges, planning around news and fundamentals, harmonic price patterns and all the corpus rationale in a trader's skill set.
Î can't give often a short answer about topics like where are my entry and exit strategies. Maybe it has to do sometimes with simple support and resistance line and/or with Fibs, ABCD patterns, Gartley, Crab, Pat, Butterfly, Three-Drive, ...additively in combination with the risk tolerance and position sizing.
FXcube
  • #12
  • May 23, 2012 5:29pm May 23, 2012 5:29pm
NZDCAD, Weekly, 2012 Mai 24
NZDCAD, Monthly, 2012 Mai 24

Long @ 0.7698, Target @ 0.8180
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCAD, Weekly, 2012 Mai 23.jpg Size: 140 KB
Click to Enlarge Name: NZDCAD, Monthly, 2012 Mai 23.jpg Size: 134 KB
  • #13
  • May 23, 2012 5:36pm May 23, 2012 5:36pm
Open Orders/Working Orders
2012 Mai 24
Attached Image (click to enlarge)
Click to Enlarge Name: Actual, Orders 2012 Mai 24.jpg Size: 173 KB
  • #14
  • May 23, 2012 5:38pm May 23, 2012 5:38pm
Interests
2012 Mai 24
Attached Image (click to enlarge)
Click to Enlarge Name: Interests, 2012 Mai 24.jpg Size: 95 KB
  • #15
  • Edited May 24, 2012 9:06am May 23, 2012 5:52pm | Edited May 24, 2012 9:06am
Quoting goods
...What is your exit strategy or if you realize the target wont get hit and the trend did not fully reverse and you catch the retracement swing...
#9

Retracements and temporary reversals were managed with LOM (e.g. #18) & Hedging activities at H1/H4. Maybe I would go out of the trade before.
FXcube
  • #16
  • May 23, 2012 5:54pm May 23, 2012 5:54pm
Quoting goods
... I think the longes I heald my trades was for half a month and I had to add/remove positions, and all togother they accumulated about 2K pips before they were all closed.
#9

C'est la vie!
FXcube
  • #17
  • Edited May 24, 2012 9:06am May 23, 2012 5:59pm | Edited May 24, 2012 9:06am
Quoting goods
... So, how much drawdown/ and time before you get into profit do you experience, how long do you hold your trades? ...
#9

I try to counterbalance drawdowns (5-30%) with H1/H4 trading (see #15, e.g. #18).
I hold these trades for several days and weeks - maybe months if they were carry trades.
FXcube
  • #18
  • May 24, 2012 8:59am May 24, 2012 8:59am
LOM
Loss Order Management
This is LOM, ...counterbalances the negative Saldo (see #13 ) of all open trades with some (shorter timed) profit trades here and there.
Equity: 2'6720.-$
Profit: + 64.90
(+2.4%, Basis: 2'607.10$)
(See more #35)
Attached Image (click to enlarge)
Click to Enlarge Name: LOM, 2012 Mai 24.jpg Size: 114 KB
  • #19
  • Edited 6:49pm May 27, 2012 6:36pm | Edited 6:49pm
Interests
+0.04% over the week-end.
Attached Image (click to enlarge)
Click to Enlarge Name: Interests.jpg Size: 74 KB
  • #20
  • May 27, 2012 6:37pm May 27, 2012 6:37pm
2012 Mai 28
Open Trades
Working Orders
Equity: 2'791.87$
Attached Image (click to enlarge)
Click to Enlarge Name: Open Trades, Working Orders, 2012 Mai 28.jpg Size: 186 KB
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