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  • #771,841
  • Mar 15, 2013 2:30am Mar 15, 2013 2:30am
Quoting LeeNoa
i know my way of trading or manage risk is ridiculous...
but..this is my style...i build my system for it..believe it or not...im already post my swing system, didnt i? when im on real trade, im very serious, mr ken...if you asked me something like that, i will say, "yes"
Good, I think everyone have their own systems that they trust the most. we can't argue anything about someone else system, let the time answer.

Anyway LeeNoa has her SL, that is 10% of her balance if she split her balance to 10 accounts. But from my point of view, it will be time consuming to transfer money between account. However, if i trade too many currency pairs, i would manage my account something like this
Account A : GU, EU
Account B : EJ, GJ, ...
Account C : metals .... and so on
Everything in the world has its own rhytms
  • #771,842
  • Mar 15, 2013 2:31am Mar 15, 2013 2:31am
Quoting M15
Hi mate,

there was a nice fakeout yesterday but things go at last like they should

cheers
possibly, but this so far, is a normal bearish move..
those who can, do. those who cant, talk about those who can
  • #771,843
  • Mar 15, 2013 2:31am Mar 15, 2013 2:31am
Quoting M15
Hi mate,

there was a nice fakeout yesterday but things go at last like they should

cheers
what is your view today about EU?

Quoting MissionMars
3200 seems to bee a decent target for next few days...
may be, but not today.
Everything in the world has its own rhytms
  • #771,844
  • Mar 15, 2013 2:32am Mar 15, 2013 2:32am
Quoting acidburn123
e/J long 125.15 ... hope I reed the noise area correctly ..

25 pip stop for me... 5 positions to scale out.
No mate no... I wouldn't...! It is having difficulties to stay above 125.20 and UJ is going south... Bad timing you have there to me...
  • #771,845
  • Mar 15, 2013 2:32am Mar 15, 2013 2:32am
Quoting belgeran
theoretically, that would be the same as setting stop loss with the aim of losing $100 on that order.
Yes, risk is 10% of the total capital of 10 accounts.

I have 3 accounts and I can only manage one, because on average I have about 20-30 positions floating in one time. If I am not careful managing the margin can easily wipe out the whole account in case I am using the floating profits as margin to open new positions.
  • #771,846
  • Mar 15, 2013 2:33am Mar 15, 2013 2:33am
Quoting gatorinla
possibly, but this so far is a normal bearish move..
Accumulation you think for a move down?
When the facts change I change my mind, what do you do sir
  • #771,847
  • Mar 15, 2013 2:33am Mar 15, 2013 2:33am
Quoting LeeNoa
okay...thats why ive come for swing methods..i can minimize risk without SL
im still testing swing methods on real (adding my allowance^^) and demo accounts (to make record history swing only) both at the same time until now...except for ej(still dont know her patern)
I called your "swing" methods, scalping. wish attila was here.

if that suits you, best of luck, mate just remember what ken said... it's going from handling a floating p/l of 5 bucks, to 50 bucks, to 500 bucks, and so on.
  • #771,848
  • Mar 15, 2013 2:34am Mar 15, 2013 2:34am
Quoting gatorinla
possibly, but this so far, is a normal bearish move..
second that.
  • #771,849
  • Mar 15, 2013 2:35am Mar 15, 2013 2:35am
Quoting LeeNoa
i know my way of trading or manage risk is ridiculous...
but..this is my style...i build my system for it..believe it or not...im already post my swing system, didnt i? when im on real trade, im very serious, mr ken...if you asked me something like that, i will say, "yes"
I understand where you are coming from LeeNoa. Trouble is, if you hedge rather than setting a sL, ultimately you end up flat - i.e. neither making nor losing money. Surely, it is better to take a position based on careful risk management. That way, you will win more trades than you lose and end up nicely in profit overall.
  • #771,850
  • Mar 15, 2013 2:39am Mar 15, 2013 2:39am
Quoting Pip Anon
Accumulation you think for a move down?
Unfortunately i have to say YESSSS, today's target 1.2900

but i haven't buy any position today. still 0%
someone told me, by watching the chart, you already win the trades.

Quoting Vectamart
I understand where you are coming from LeeNoa. Trouble is, if you hedge rather than setting a sL, ultimately you end up flat - i.e. neither making nor losing money. Surely, it is better to take a position based on careful risk management. That way, you will win more trades than you lose and end up nicely in profit overall.
wow, many people in here care and love leenoa i think
Everything in the world has its own rhytms
  • #771,851
  • Mar 15, 2013 2:39am Mar 15, 2013 2:39am
Quoting Vectamart
I understand where you are coming from LeeNoa. Trouble is, if you hedge rather than setting a sL, ultimately you end up flat - i.e. neither making nor losing money. Surely, it is better to take a position based on careful risk management. That way, you will win more trades than you lose and end up nicely in profit overall.
Leenoa taking the approach, counter trade an incorrect trade rather than closing it out. then treat the counter trade as the new profitable trade, ride it to the point of reversal, then let market climb back to original trade.

all I can say is, I have done it, and good luck because sometimes it really slows up your trading ability with overleveraging
Even the worst trade can close with profit. Just give it time.
  • #771,852
  • Mar 15, 2013 2:40am Mar 15, 2013 2:40am
Quoting Pip Anon
Accumulation you think for a move down?
i dont know. but logically bulls want higher, and we are higher. off 2909... but 3040 is also what bears want to target 2781, going to 3040 would be norn in that move, up to the recent 31xx high.. posted this yesterday..
those who can, do. those who cant, talk about those who can
  • #771,853
  • Mar 15, 2013 2:41am Mar 15, 2013 2:41am
Quoting M15
Hi mate,

there was a nice fakeout yesterday but things go at last like they should

cheers
hi bro.

in your view is there a last cycle to down euro/usd? or up usdx.
  • #771,854
  • Mar 15, 2013 2:42am Mar 15, 2013 2:42am
Quoting gatorinla
sos
Spot on
  • #771,855
  • Mar 15, 2013 2:42am Mar 15, 2013 2:42am
Quoting COopa
Unfortunately i have to say YESSSS, today's target 1.2900

but i haven't buy any position today. still 0%
someone told me, by watching the chart, you already win the trades.
Very well could be. Only been trading currency for a little less than a year, and these quick sudden moves never seem to last. I know 1.3035 was on some charts, I just figure clear out some stops before a move down. Maybe not like two days ago, but yesterdays gain was quick. No real reason other than some covering.
When the facts change I change my mind, what do you do sir
  • #771,856
  • Mar 15, 2013 2:47am Mar 15, 2013 2:47am
Quoting Pip Anon
Very well could be. Only been trading currency for a little less than a year, and these quick sudden moves never seem to last. I know 1.3035 was on some charts, I just figure clear out some stops before a move down. Maybe not like two days ago, but yesterdays gain was quick. No real reason other than some covering.
My feeling said EU will go up to 1.3100, but my trading strategies said it will go down to 1.2900 or at least 1.2930.
to be honest, i like if EU touch 1.2910 - 1.2930 area again today and bounce back to 1.3000. coz we can conclude 1.2910-1.2930 is a strong support for next week
Everything in the world has its own rhytms
  • #771,857
  • Mar 15, 2013 2:48am Mar 15, 2013 2:48am
Quoting acidburn123
e/J long 125.15 ... hope I reed the noise area correctly ..

25 pip stop for me... 5 positions to scale out.
If it can't break 125.34, it's going no where. No direct buying/selling seen so far other than few pips in Asian session.
  • #771,858
  • Mar 15, 2013 2:49am Mar 15, 2013 2:49am
Haha.

Anybody watching the GBPUSD?

Cleared 1.50 yesterday, 1.51 just now, longing it as it broke previous top.
Even the worst trade can close with profit. Just give it time.
  • #771,859
  • Mar 15, 2013 2:51am Mar 15, 2013 2:51am
Quoting John Gray
Leenoa taking the approach, counter trade an incorrect trade rather than closing it out. then treat the counter trade as the new profitable trade, ride it to the point of reversal, then let market climb back to original trade.

all I can say is, I have done it, and good luck because sometimes it really slows up your trading ability with overleveraging
I don't understand why people still think money management is going to fix buying high and selling low.
  • #771,860
  • Mar 15, 2013 2:52am Mar 15, 2013 2:52am
Quoting COopa
My feeling said EU will go up to 1.3100, but my trading strategies said it will go down to 1.2900 or at least 1.2930.
to be honest, i like if EU touch 1.2910 - 1.2930 area again today and bounce back to 1.3000. coz we can conclude 1.2910-1.2930 is a strong support for next week
Words on the street 1.2900 is defended.
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