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AUD/USD

  • #46,281
  • Jun 5, 2012 3:38am Jun 5, 2012 3:38am
Quoting leticus
Hence, you are saying that you play with a stop loss of 20 pips is the way of money management regardless the trade size?
Is English your first language? if not I apologise.

I don't really know what you are asking but it seems likely you have no idea what you are doing. Perhaps you should stop trading and spend some time educating yourself on the essential topics that make a successful trader, money management being at the top of the list.

If you are just "playing" the markets and having a great time gambling away your capital for fun then by all means just keep bashing away.
  • #46,282
  • Jun 5, 2012 3:41am Jun 5, 2012 3:41am
Quoting alqemist
Is English your first language? if not I apologise.

I don't really know what you are asking but it seems likely you have no idea what you are doing. Perhaps you should stop trading and spend some time educating yourself on the essential topics that make a successful trader, money management being at the top of the list.

If you are just "playing" the markets and having a great time gambling away your capital for fun then by all means just keep bashing away.
think he completely misunderstood your post
  • #46,283
  • Jun 5, 2012 3:43am Jun 5, 2012 3:43am
Quoting jayjb
short 0.9762 sl 25 pips tp 0.9700

line isn't exact but forex isn't rocket science

Attachment
covered for 30 pips.. don't really like the PA.. done with this session, back during US session
  • #46,284
  • Jun 5, 2012 3:44am Jun 5, 2012 3:44am
Quoting jayjb
covered for 30 pips.. don't really like the PA.. done with this session, back during US session
good trade bro
  • #46,285
  • Jun 5, 2012 3:55am Jun 5, 2012 3:55am
Quoting jayjb
covered for 30 pips.. don't really like the PA.. done with this session, back during US session
Good Trade, see you later.
  • #46,286
  • Jun 5, 2012 3:58am Jun 5, 2012 3:58am
Quoting Daytrader74
Short
Out for +50 pipies profit.
  • #46,287
  • Jun 5, 2012 4:55am Jun 5, 2012 4:55am
Quoting alqemist
Is English your first language? if not I apologise.

I don't really know what you are asking but it seems likely you have no idea what you are doing. Perhaps you should stop trading and spend some time educating yourself on the essential topics that make a successful trader, money management being at the top of the list.

If you are just "playing" the markets and having a great time gambling away your capital for fun then by all means just keep bashing away.
I understood what you mean on this. I taken a read on the babypips.
2% on capital exposure . risk reward 3: 1 (eg tp 30 pips, 10 pips stop loss).
Most important is we also must have the correct entry signal for 30 pips swing at least.

Thank you for your guidance.
  • #46,288
  • Jun 5, 2012 5:00am Jun 5, 2012 5:00am
Quoting leticus
I understood what you mean on this. I taken a read on the babypips.
2% on capital exposure . risk reward 3: 1 (eg tp 30 pips, 10 pips stop loss).
Most important is we also must have the correct entry signal for 30 pips swing at least.

Thank you for your guidance.
It doesn't matter what your R:R is, all you can know for sure how much you are prepared to risk i.e 2%. The reward part is unknown really, and out of your control. You should have a look in the rookie thread mate.
FF journal: Peaks and Troffs
  • #46,289
  • Jun 5, 2012 5:39am Jun 5, 2012 5:39am







#204







Patterns have an underlying mathematical structure.
  • #46,290
  • Jun 5, 2012 5:50am Jun 5, 2012 5:50am
Quoting Amir_Forex





#204







Attached Image

  • #46,291
  • Jun 5, 2012 5:56am Jun 5, 2012 5:56am
Quoting fosking

Attachment

  • #46,292
  • Jun 5, 2012 6:07am Jun 5, 2012 6:07am
Quoting leticus
I understood what you mean on this. I taken a read on the babypips.
2% on capital exposure . risk reward 3: 1 (eg tp 30 pips, 10 pips stop loss).
Most important is we also must have the correct entry signal for 30 pips swing at least.

Thank you for your guidance.
Because you are a polite guy I will try to simplify what I was saying before into the universal language of mathematics. This is only valid for AUDUSD 100k standard lots, calculations are different for other lots and other currency pairs.


You need to decide three variables based on your own trading method:

R = the amount of money you are willing to lose per month (in $)

SL = the point in which your trade idea becomes invalid (in pips from entry)

F = how many trades per month

Lot size = (R/F) / ( SL *10)

Using this calculation ensures that if you lose every trade, you only lose what you are comfortable with losing.

Risk to Reward is a completely different discussion and it depends on your strategy. There are alot of metrics thrown around like "your R:R should be 2+:1" but thats not strictly correct. If the method you are following now is making your account balance rise steadily over a significant period of time then your expectation per trade is positive and that's a very valuable thing. The only other thing you have to worry about is losing more than you can bear when you hit an unlucky patch, and for this you use the calculation above.
  • #46,293
  • Jun 5, 2012 7:16am Jun 5, 2012 7:16am
short 0.9740 sl 35 pips tp 85 pips

Attached Image (click to enlarge)
Click to Enlarge Name: audusd_june52.JPG Size: 179 KB
  • #46,294
  • Jun 5, 2012 7:25am Jun 5, 2012 7:25am
Quoting jayjb
short 0.9740 sl 35 pips tp 85 pips

Attachment

Good entry! ma'am.
daddybearforex. com
  • #46,295
  • Jun 5, 2012 7:36am Jun 5, 2012 7:36am
Hi , I am new & today is my second day...Can some one guide me the basic points...I am not educated in that feild but wants to make some money....Please help me.
  • #46,296
  • Jun 5, 2012 7:42am Jun 5, 2012 7:42am
Quoting jayjb
short 0.9740 sl 35 pips tp 85 pips

Attachment
Entered short @0.97504, no sl, tp between 0.9635 & 0.9630
daddybearforex. com
  • #46,297
  • Jun 5, 2012 7:46am Jun 5, 2012 7:46am
Anyone watch any of the JPY pairs, ive got my eye on AUDJPY & USDJPY, they just surged upwards and I think that may have contributed to AUDUSD going up a little.

Anyone know why?
  • #46,298
  • Jun 5, 2012 7:50am Jun 5, 2012 7:50am
Quoting Zac
Anyone watch any of the JPY pairs, ive got my eye on AUDJPY & USDJPY, they just surged upwards and I think that may have contributed to AUDUSD going up a little.

Anyone know why?
Yes, surged 20-30pips in less than 2minutes! I wonder why!~
  • #46,299
  • Jun 5, 2012 8:06am Jun 5, 2012 8:06am
Quoting 2012baby
Hi , I am new & today is my second day...Can some one guide me the basic points...I am not educated in that feild but wants to make some money....Please help me.
Put your money on some trading books before you ever put one penny in Forex market. Get a good ECN broker and pay the commission. Don't buy the no commission hype. Try not to use MT4 platform. See if you can use a 3rd. party platform with API support.
daddybearforex. com
  • #46,300
  • Jun 5, 2012 8:09am Jun 5, 2012 8:09am
Quoting FxLapozi
Yes, surged 20-30pips in less than 2minutes! I wonder why!~
Market afraid that Japan might prepare for join intervention at G 7 mtg ? as strong yen really hurt them..
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