cleared most of the shiny 
The Really Useless Thread
- #117,661
- Oct 12, 2012 12:52pm Oct 12, 2012 12:52pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #117,662
- Oct 12, 2012 1:15pm Oct 12, 2012 1:15pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #117,663
- Oct 12, 2012 1:46pm Oct 12, 2012 1:46pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #117,664
- Oct 12, 2012 2:29pm Oct 12, 2012 2:29pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Here's what I mean with "out of range" PO's on pairs I trade.
Gold "visible" range...
Attachment
"out of range" PO's...
http://www.forexfactory.com/attachme...7&d=1349961525
Just there to work with, but will happily enough let those fill at anytime. I like the levels, and if we get to any of them today...a bounce will be due. Still Longs only on Gold for me.
Anyway...works for me. Sometimes you pick up a tasy spike and get a very quick corrective run.
Debating holding. But...that debate may last about two minutes.
- #117,665
- Oct 12, 2012 2:35pm Oct 12, 2012 2:35pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Fak it...paid for brunch...
Flatski.
Flatski.
- #117,666
- Oct 12, 2012 2:52pm Oct 12, 2012 2:52pm
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #117,667
- Oct 12, 2012 2:53pm Oct 12, 2012 2:53pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #117,668
- Oct 12, 2012 3:03pm Oct 12, 2012 3:03pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
Seems like fridays seem to be the day for reversals lately. Interesting...
Oh well, closing up shop here. Got tickets to see Christopher Tidus tonight. He is an aggressive individual... hah.
Enjoy!
- #117,669
- Oct 12, 2012 3:12pm Oct 12, 2012 3:12pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
- #117,670
- Oct 12, 2012 3:14pm Oct 12, 2012 3:14pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
pinkish, bear money
got my $20 out of it flat , will leave some fiber for the road
- #117,671
- Oct 12, 2012 3:20pm Oct 12, 2012 3:20pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #117,672
- Oct 12, 2012 3:22pm Oct 12, 2012 3:22pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
To keep this simple...I'll speak in MT4 terms (lot sizes).
On my FXPro account, the smallest lot size I can enter (or leave running when taking partials) is 0.1 lots on any instrument...Gold included.
A $10 move in Gold at 0.1 lots, is equivalent to a 100 pip move at 0.1 in EU. (<--there or there about, anyway.)
So... a $25 Gold move == a 250 pip EU move.
Look how often Gold moves that distance compared to EU...or any other major, really. Plus...look how much shorter of a time span Gold will complete those moves compared to EU, etc. Now...think about having 0.3 or .4 lots on for it. Gives me room to pull partials...and roll with the flow. Adds up quick using very little equity.
I have a real bias for trading the Shiny...makes me the bulk of my (extremely meager) fortune.
On my FXPro account, the smallest lot size I can enter (or leave running when taking partials) is 0.1 lots on any instrument...Gold included.
A $10 move in Gold at 0.1 lots, is equivalent to a 100 pip move at 0.1 in EU. (<--there or there about, anyway.)
So... a $25 Gold move == a 250 pip EU move.
Look how often Gold moves that distance compared to EU...or any other major, really. Plus...look how much shorter of a time span Gold will complete those moves compared to EU, etc. Now...think about having 0.3 or .4 lots on for it. Gives me room to pull partials...and roll with the flow. Adds up quick using very little equity.
I have a real bias for trading the Shiny...makes me the bulk of my (extremely meager) fortune.
- #117,673
- Oct 12, 2012 3:23pm Oct 12, 2012 3:23pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
When I'm swinging...very little. Might go as high as 4:1 at a full (rare) load...prefer to keep it around 2:1...over two or three positions.
Today I went for it pretty hard, because I was playing it like a genuine "scalp" setup. I had a very clear level that I was getting out at if it went wrong. Didn't actually look to see how high I went, but guessing 10/15:1. That was how I made out like a bandit very quickly...and also why I was just looking to get out pretty fast. Was going to try and hold a runner, but then saw how much I was...
Gold's got insanely smooth flows when she's in the mood, silver is even more wicked...
I once calculated my P&L swings using the leverage I use for FX just for the fun of it, made my head spin..
Hear the music before the song is over ...
- #117,674
- Oct 12, 2012 3:23pm Oct 12, 2012 3:23pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
pinkish, bear money
got my $20 out of it flat , will leave some fiber for the road
My Shiny pinkish brother! Great end to the week!
- #117,675
- Oct 12, 2012 3:24pm Oct 12, 2012 3:24pm
- Joined Jun 2011 | Status: UN-RE-TIRED | 12,773 Posts
- #117,676
- Oct 12, 2012 3:31pm Oct 12, 2012 3:31pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
To keep this simple...I'll speak in MT4 terms (lot sizes).
On my FXPro account, the smallest lot size I can enter (or leave running when taking partials) is 0.1 lots on any instrument...Gold included.
A $10 move in Gold at 0.1 lots, is equivalent to a 100 pip move at 0.1 in EU. (<--there or there about, anyway.)
So... a $25 Gold move == a 250 pip EU move.
Look how often Gold moves that distance compared to EU...or any other major, really. Plus...look how much shorter of a time span Gold will complete those moves compared to EU, etc. Now...think...
the bitch can give with a daily range of $20 so pinkish and some times risky a camel balls account needed to be in the safe side
- #117,677
- Oct 12, 2012 3:35pm Oct 12, 2012 3:35pm
- Joined Jul 2009 | Status: Trader | 4,859 Posts
Disclaimer: Check your 1m charts
- #117,678
- Oct 12, 2012 3:39pm Oct 12, 2012 3:39pm
- Joined May 2008 | Status: Voodoo Lotions & Potions | 26,565 Posts
That's what I call Gansta trading, ma man...LOL
Gold's got insanely smooth flows when she's in the mood, silver is even more wicked...
I once calculated my P&L swings using the leverage I use for FX just for the fun of it, made my head spin..
This is this month...
Only two instruments I've traded. Gold by far brings me the most. About half of that 14.7% came today off a quick leveraged Gold move. Largest close was $8.23 into the move. Just pays too well.
Probably going to see me looking for tight entry, bump and run, leveraged moves over the next little while. Today was a "rush/buzz" because I haven't gone in at such size there for a while. But I should NOT have pulled everything at the end. I'm staring at my chart right now, and the setup was textbook. I was too cautious on pulling my remaining partials. Happy enough to bank quickly (love to get paid)...but easily could have left .2 or .3 lots on and collected another $500+.
I'll get there. Not complaining. Took the pips and went from brunch...aka...enjoyed life. Never a bad thing. More moves just around the corner.
- #117,679
- Oct 12, 2012 3:39pm Oct 12, 2012 3:39pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
Dow holding on Daily 50MA so should probably get a good week next week and with Citigroup, Goldman Sachs, Bank of America and Morgan Stanleyall reporting.
Will be looking for top of W G
Good weekend all. Laterz
enjoy have a sexy one and dont forget my tight
- #117,680
- Oct 12, 2012 3:39pm Oct 12, 2012 3:39pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...