I have been short most of the day but the volume now is so low
- #903,582
- Jun 9, 2014 8:21am Jun 9, 2014 8:21am
- Joined Oct 2010 | Status: Trader | 21,478 Posts
{quote} Ah, it seems that we are communicating on two sitesHmm... I won't share what system I'm using for the time being - in 6 months or so I'll let you know. While backtesting is nice, and it has worked in the past few weeks when I started using it, I'd like a more long term confirmation and there is always this idea that a commonly known system stops working (err... I don't think this one will, since I've backtested it 10 years - but who knows how well it worked 50 years ago? My charts don't go that far).
Let us see how your signal goes this time.
Intraday only.
- #903,587
- Jun 9, 2014 8:26am Jun 9, 2014 8:26am
- | Joined Jul 2011 | Status: Trader | 1,230 Posts
{quote} Yeah, we communicate in many sites in different names
- #903,592
- Jun 9, 2014 8:31am Jun 9, 2014 8:31am
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
what % you make with 150 pips show your history before{quote}
. But to give you an idea of my exposure, my benchmark is to use 20% of my available margin at a given time.. sometimes more, sometimes less. I'm trading with a 1:50 leverage account. So, for example, lets say $1000 dollar account and trading EU;Units (bought or sold) = 1000*20%/(1.36*(1/50)) = 7350 ..
150 Pips Profit/Loss would be = 7350*150*0.0001 = $110 (11%)
And that % would be independent of the account size.
K.I.S.S.
- #903,595
- Jun 9, 2014 8:35am Jun 9, 2014 8:35am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} Looking for support from 1.3612-594 on EU. If a turn up of price around here it will make a H&S on EU confirming my EJ trade. Currently though my 4hr closing candle on EU has a long wick which could prove troublesome but is still an inside bar.
. PA is back into the 4hr channel.
As the lights go by so too do the shadows move
- #903,598
- Edited Jun 10, 2014 8:29am Jun 9, 2014 8:42am | Edited Jun 10, 2014 8:29am
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #903,599
- Jun 9, 2014 8:43am Jun 9, 2014 8:43am
- Joined Apr 2014 | Status: Trader | 1,094 Posts
{quote} we just printed 1.3587 low........ this hold I would be 1 pip out from where I suggested this morning lol!! Cable still bearish but as usd is about to short and euro long it will hold up... euro gbp would be a good long now
Very good so far for you just as you predicted this morning