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Trading like a Pro

  • #81
  • Aug 13, 2014 11:34am Aug 13, 2014 11:34am
Ok first trading day, this is emmbarrasing:

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 131 KB


Damn SELL LIMIT order didnt got hit, and it could have made a few pips for us

Nevermind, we have better ideas
"There's a sucker born every minute" - P.T. Barnum
  • #82
  • Aug 13, 2014 11:48am Aug 13, 2014 11:48am
Ok i added a few more pairs, and exotic ones too like the polish currency.It has great swaps so its perfect for hedging

Also my economic analysis shows that Poland is in a growth phase which is rare nowadays in Europe as almost the whole EUROZONE is in recession, while a few countries are in growth phase.

Well done Poland , i hope i can get some pips of your currency
"There's a sucker born every minute" - P.T. Barnum
  • #83
  • Aug 14, 2014 10:22am Aug 14, 2014 10:22am
WELL WELL WELL, we got +16% in just 2 days of trading.Looks like swing trading is not a bad idea after all.Just put large SL, make sure the risk is only about 8%, and then check the currency conditions and of course trade in the positive direction, simple as that.Well it needs more analysis, it took me 3 hours to figure out the strength in the NZD, but yeah, basically its just fundamental analysis + sentiment analysis.

And looks like fundamentals work for swing trading.

Well done, +16% in 2 days, whereas initial risk/trade was <=8%, now as the stops were trailed its about 1-2%
"There's a sucker born every minute" - P.T. Barnum
  • #84
  • Aug 14, 2014 10:27am Aug 14, 2014 10:27am
Anyway, stops are trailed, and guess what, we got positive swaps in all of the pairs

Looks like trading is easier than ever.Little applause for me
"There's a sucker born every minute" - P.T. Barnum
  • #85
  • Aug 14, 2014 10:50am Aug 14, 2014 10:50am
Quoting Proximus
WELL WELL WELL, we got +16% in just 2 days of trading.Looks like swing trading is not a bad idea after all.Just put large SL, make sure the risk is only about 8%, and then check the currency conditions and of course trade in the positive direction, simple as that.Well it needs more analysis, it took me 3 hours to figure out the strength in the NZD, but yeah, basically its just fundamental analysis + sentiment analysis. And looks like fundamentals work for swing trading. Well done, +16% in 2 days, whereas initial risk/trade was <=8%, now as the stops...
Is that 8% per trade Proxy, or for the total basket?
If you are good at something, never do it for free--Joker
  • #86
  • Aug 14, 2014 11:53am Aug 14, 2014 11:53am
Quoting jmn5611
{quote} Is that 8% per trade Proxy, or for the total basket?
8%/trade, but they are not traded in basket, most of my trades are uncorrelated except the NZD ones, because i almost certainly believe in NZD appreciation.

My current total risk/account is -(-6%), which is actually +6% gain no matter what because the trailstop was trailed.

However initially i believe there was a 20% risk on the NZD pairs, while the PLN was uncorrelated.

Also be spreading it out on 6 pars relative to NZD the risk is actually much smaller than 20%, because of correlation, so i believe my total account risk was about 15% at any given time if we factor in all risks.

It may sound much, but the probability of win was about 99.9%, so it was worth the risk
"There's a sucker born every minute" - P.T. Barnum
  • #87
  • Aug 14, 2014 3:25pm Aug 14, 2014 3:25pm
Polish trade closed as the GDP growth shrunk 0.5%.

Added 0.02 to the EUR/NZD because EUR GDP also shrunk to 0%.

I would like to see a 25-30% return for this week
"There's a sucker born every minute" - P.T. Barnum
  • #88
  • Aug 14, 2014 4:18pm Aug 14, 2014 4:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: 60.jpg Size: 150 KB


a bug ????




Embarrassing for a forex website.


Edit :

10 % spread
+
10% commission

  • #89
  • Aug 14, 2014 4:36pm Aug 14, 2014 4:36pm
Quoting mvp77
{image} a bug ???? Embarrassing for a forex website. Edit : 10 % spread + 10% commission
WOW LOOKS LIKE I`M 120% PRO!!
"There's a sucker born every minute" - P.T. Barnum
  • #90
  • Aug 14, 2014 4:52pm Aug 14, 2014 4:52pm
Quoting Proximus
{quote} WOW LOOKS LIKE I`M 120% PRO!!
In math we are good!
Here the print!

Attached Image
  • #91
  • Aug 14, 2014 11:12pm Aug 14, 2014 11:12pm
Quoting mvp77
{quote} In math we are good! Here the print! {image}
I would like a 69€ bill please

============================================

Anyway getting back to topic, damn i just so hate whipsaws...

  1. If i trail my stops and protect our already achieved profit, then the SL will be too tight and get stopped out.
  2. If i dont trail the stop, i come back in a few hours and see all profit vanished and all trades in negative

Seems like the only solution to avoid this is to be 24/7 in front of the PC guarding the trades, which is insane, but it seems like the market just works against you no matter how hard you try...

Any ideas how to resolve problem 1. and 2. ?

"There's a sucker born every minute" - P.T. Barnum
  • #92
  • Aug 18, 2014 5:37am Aug 18, 2014 5:37am
Here is my trade of the day

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYM30.png Size: 35 KB


The other 4 trade is only serving a hedge or risk mitigtion purpose, but the NZD/JPY i believe will apreciate before midnight.
"There's a sucker born every minute" - P.T. Barnum
  • #93
  • Aug 18, 2014 3:51pm Aug 18, 2014 3:51pm
Quoting Proximus
Here is my trade of the day {image} The other 4 trade is only serving a hedge or risk mitigtion purpose, but the NZD/JPY i believe will apreciate before midnight.
Still holding on to it, lets see where it will go.

Max risk / trade is about 3-4%
"There's a sucker born every minute" - P.T. Barnum
  • #94
  • Aug 19, 2014 6:31am Aug 19, 2014 6:31am
Still holding on to it, looks like its a good trade, together with EUR/AUD which worked out aswell.

Together with that its a 4-5% return .
"There's a sucker born every minute" - P.T. Barnum
  • #95
  • Last Post: Aug 19, 2014 6:43am Aug 19, 2014 6:43am
There will be 1 more tradable event today, which is the USD news basket.
"There's a sucker born every minute" - P.T. Barnum
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