{quote} My system clearly shows "no " buy entry at all and only to sell. {image}
A good trader follows his rules, but great trader knows when to break them
Cable Update (GBPUSD)
- #401,301
- Oct 1, 2014 11:36pm Oct 1, 2014 11:36pm
- Joined Sep 2011 | Status: Trader | 6,363 Posts
- #401,302
- Oct 1, 2014 11:43pm Oct 1, 2014 11:43pm
- | Joined Jan 2012 | Status: Member Test | 234 Posts
{quote} @Anti_Losses: You're welcomeHDA OUT
Assuming I have US$120,000.
Using a leverage of 1:4, my position margin will be $83,200 assuming I take 100k units for each position.
This leave me with $36,800.
So even if it drops $0.15, my "temporary" deposit with the market is $15,000 for first position and $13,400 for second position totaling $28,400 which still leaves me with spare of $8,400 in cash position.
By the time said even 6 months to reach target, I will get back $5300 and $5700 once both $1.71 and $1,73 are hit. Although with positive swap, I might not gain much cos I will still need to pay holding cost that could even out each other since I used extremely low leverage.
Based on the above scenario, $11,000 for 6 months, so in a year of 2 such similar trades will have about $22,000 which is approximately 18.3%.
This should be a very conservative calculation in terms of holding period.
If would to take your average holding period, it is well in excess of 25%.
The trade itself becomes stress free cos one does not need to look so often. Set and forget it mentality...
Am I anywhere near to the concept of yours?
- #401,303
- Oct 1, 2014 11:45pm Oct 1, 2014 11:45pm
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #401,304
- Oct 1, 2014 11:50pm Oct 1, 2014 11:50pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.
- #401,305
- Oct 2, 2014 12:40am Oct 2, 2014 12:40am
- Joined Oct 2010 | Status: Trader | 21,478 Posts
{quote} Its a risky trade but RR is good, I am IN at 1.84207, SL 1.84157, TP 1.85029
Intraday only.
- #401,306
- Oct 2, 2014 12:47am Oct 2, 2014 12:47am
- Joined Sep 2011 | Status: Trader | 6,363 Posts
A good trader follows his rules, but great trader knows when to break them
- #401,307
- Oct 2, 2014 1:04am Oct 2, 2014 1:04am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
lets see..
- #401,309
- Oct 2, 2014 1:12am Oct 2, 2014 1:12am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
bought again..looking for range test of 1.62 i will do this all night if i have too
- #401,310
- Oct 2, 2014 1:18am Oct 2, 2014 1:18am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #401,312
- Oct 2, 2014 1:47am Oct 2, 2014 1:47am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} you better stay out of longing again this time.... im not so confident for you bulls now that USDJPY came down a bit for more buying flow...
just playing with the range..
its all in the timing asia session generally weak
- #401,313
- Oct 2, 2014 1:55am Oct 2, 2014 1:55am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} just playing with the range..
Any word from Billy the Broker?
Hear the music before the song is over ...
- #401,314
- Oct 2, 2014 1:58am Oct 2, 2014 1:58am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #401,315
- Oct 2, 2014 2:01am Oct 2, 2014 2:01am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} Morning bro!! nah not yet hope he is good...
Hear the music before the song is over ...
- #401,316
- Oct 2, 2014 2:05am Oct 2, 2014 2:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} I think Fxtyrant tyrannized good ole' stealth broker away from here
- #401,317
- Oct 2, 2014 2:08am Oct 2, 2014 2:08am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #401,318
- Oct 2, 2014 2:11am Oct 2, 2014 2:11am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #401,319
- Oct 2, 2014 2:23am Oct 2, 2014 2:23am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote} Have you been up all night buying this? The f::::::er almost took out my stop but didn't quite had the juice ... LOL ..
yesterday daily was bearish but there was room and this mofo came close to taking out the high of yesterday
problem is monthly is clearly a bear so traders will take bear positions
- #401,320
- Oct 2, 2014 2:26am Oct 2, 2014 2:26am
- Joined May 2014 | Status: From1toMillion | 9,471 Posts | Online Now
Everyone can see the chart, but only a few can actually read it.