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Trading EURUSD only

  • #38,381
  • Mar 17, 2013 9:37pm Mar 17, 2013 9:37pm
Quoting TraderPablo
Accounts at same broker or 1 at 1? good strategy btw.
Thank you Pablo

Yes I use OANDA and have a main account for short and a sub account for longs. Works great milking the E chart. Just doing what a bankster does. Why reinvent the wheel I thought, get the MM under control and trade in a pyramid formation.
Trade smaller than rational because the market is irrational...
  • #38,382
  • Mar 17, 2013 9:48pm Mar 17, 2013 9:48pm
Quoting EuroTraderJD
Thank you Pablo

Yes I use OANDA and have a main account for short and a sub account for longs. Works great milking the E chart. Just doing what a bankster does. Why reinvent the wheel I thought, get the MM under control and trade in a pyramid formation.
k thx....entry is easy.....exit...could be tricky..
  • #38,383
  • Mar 17, 2013 9:55pm Mar 17, 2013 9:55pm
Quoting EuroTraderJD
I have 2 accounts one for short and one for long.

Since the LT trend for E is down the short account is weighted more financially than the long account.

My short pyramid has its largest pos size at the top of the LT. meaning my pos size is larger at 1.3xxx than 1.2xxx. Inverse for the long. bigger at 1.2xxx and small at 1.3xxx

I wrote a software program that takes my account size, last open position size and place, the price of Euro, and a Constant. from there it calcs my pos size. Disclaimer I dont use SL and I trade long and short...
That is double wild and triple awesome. Thanks, ET! I'll see if my little mind can successfully chew on your scheme.
  • #38,384
  • Mar 17, 2013 9:57pm Mar 17, 2013 9:57pm
Quoting rehorst
That is double wild and triple awesome. Thanks, ET! I'll see if my little mind can successfully chew on your scheme.
Thanks. Like I have said I learned from those who worked with the banksters and I paid attention to what they said.
Trade smaller than rational because the market is irrational...
  • #38,385
  • Mar 17, 2013 10:04pm Mar 17, 2013 10:04pm
Quoting rehorst
That is double wild and triple awesome. Thanks, ET! I'll see if my little mind can successfully chew on your scheme.
How does the FIFO affect U?
  • #38,386
  • Mar 17, 2013 10:06pm Mar 17, 2013 10:06pm
Quoting EuroTraderJD
I have 2 accounts one for short and one for long.

Since the LT trend for E is down the short account is weighted more financially than the long account.

My short pyramid has its largest pos size at the top of the LT. meaning my pos size is larger at 1.3xxx than 1.2xxx. Inverse for the long. bigger at 1.2xxx and small at 1.3xxx

I wrote a software program that takes my account size, last open position size and place, the price of Euro, and a Constant. from there it calcs my pos size. Disclaimer I dont use SL and I trade long and short...
How does the FIFO affect U?
  • #38,387
  • Edited 10:26pm Mar 17, 2013 10:10pm | Edited 10:26pm
Why big gap in eurusd....Eur is long......
  • #38,388
  • Mar 17, 2013 10:42pm Mar 17, 2013 10:42pm
Quoting TraderPablo
How does the FIFO affect U?
Hey Pablo I tried to answer you in another forum. Here is the post. Sorry for the delay I am on 3 forums tonite

Before I go I belive Pablo you asked about FIFO.

Yes I live in the US and am subject to this. Since I trade in a pyramid structure and my account grows having the same pos size doesnt happen due to the math.

Thank you
Trade smaller than rational because the market is irrational...
  • #38,389
  • Mar 17, 2013 11:31pm Mar 17, 2013 11:31pm
cyprus issue

Quoting vimalcharan
Why big gap in eurusd....Eur is long......
  • #38,390
  • Mar 17, 2013 11:47pm Mar 17, 2013 11:47pm
so if you were long over the weekend and had an SL in place would that SL be honored or would it stop at the gap down price?
  • #38,391
  • Mar 17, 2013 11:49pm Mar 17, 2013 11:49pm
never experienced but my guess no SL will be hit during the WE GAP
down price where @ open will be the close price.

Quoting msetai
so if you were long over the weekend and had an SL in place would that SL be honored or would it stop at the gap down price?
  • #38,392
  • Mar 17, 2013 11:49pm Mar 17, 2013 11:49pm
Quoting stevewalker
never experienced but my guess no SL will be hit during the WE GAP
down price where @ open will be the close price.
ouch...hope no one had any longs open over the WE
  • #38,393
  • Mar 17, 2013 11:57pm Mar 17, 2013 11:57pm
believe me there are many
Quoting msetai
ouch...hope no one had any longs open over the WE
  • #38,394
  • Mar 18, 2013 12:13am Mar 18, 2013 12:13am
almost there
Quoting stevewalker
if it goes down 2880 is a major support that has been worked very strong last year!!
  • #38,395
  • Mar 18, 2013 12:20am Mar 18, 2013 12:20am
bloomberg get mad.
charlie rose show onair
weird
  • #38,396
  • Mar 18, 2013 12:24am Mar 18, 2013 12:24am
bros
cant find any holiday but is there any holiday @ EU or US or Asia I miss?

Quoting stevewalker
bloomberg get mad.
charlie rose show onair
weird
  • #38,397
  • Mar 18, 2013 12:25am Mar 18, 2013 12:25am
Quoting msetai
so if you were long over the weekend and had an SL in place would that SL be honored or would it stop at the gap down price?
Personal experience, this was some years back... but I held over the weekend and I was short the EU and it gapped up almost 200 pips with a stop loss. When it opened broker automatically took me out because they dont have stop losses hit over the weekend and I lossed 25k in a weekend!!!...never hold over the weekend! The bad thing was that that Monday it retraced the 200 pips so I would of lost nothing if I didnt have a stop loss on. I would recommend never trading it. So on Fridays I lower my lot sizes and scalp, sometimes I have to get out with a loss before the close but I will never do that again!! You learn your lessons. Hopefully people will learn from mine. Good Pippin!!
  • #38,398
  • Mar 18, 2013 12:27am Mar 18, 2013 12:27am
.
Quoting stevewalker
he he
good luck.

I dont let trades run during weekend.
  • #38,399
  • Mar 18, 2013 12:33am Mar 18, 2013 12:33am
Quoting MeInGraySuit
Personal experience, this was some years back... but I held over the weekend and I was short the EU and it gapped up almost 200 pips with a stop loss. When it opened broker automatically took me out because they dont have stop losses hit over the weekend and I lossed 25k in a weekend!!!...never hold over the weekend! The bad thing was that that Monday it retraced the 200 pips so I would of lost nothing if I didnt have a stop loss on. I would recommend never trading it. So on Fridays I lower my lot sizes and scalp, sometimes I have to get...
wow good to know
  • #38,400
  • Mar 18, 2013 12:37am Mar 18, 2013 12:37am
US die once with the crises
EU die every time with every country greece spain italy cyprus which next!
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