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  • #993,701
  • May 27, 2015 9:19pm May 27, 2015 9:19pm
Quoting Ken A
{quote} Now the opposite of parrot {image}
Me too 76870
A good trader follows his rules, but great trader knows when to break them
  • #993,702
  • May 27, 2015 9:23pm May 27, 2015 9:23pm
Quoting Vorex
{quote} 4 lots for this trade? isn't that a bit high?
for an account close to 100k?
you do know I made an indication right? 25k per 1 lot.... so 100k is 4 lot....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,703
  • Edited 9:50pm May 27, 2015 9:32pm | Edited 9:50pm
Quoting fxtyrant
{quote} for an account close to 100k? you do know I made an indication right? 25k per 1 lot.... so 100k is 4 lot....
Yeah I know about the indication but lets say you double your account to 200K, will you then be increasing the lots to 8 lots?
It's up to you but I think that's just risky & not necessary because if one is to get to that figure, one can make enough money & does not need to increase the lots/increasing risk.
  • #993,704
  • May 27, 2015 9:53pm May 27, 2015 9:53pm
Short eu target 1.0818 at least.
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #993,705
  • May 27, 2015 9:55pm May 27, 2015 9:55pm
Quoting ill_be_back
{quote} Pending SHORT UJ at 124.200
Triggered
A good trader follows his rules, but great trader knows when to break them
  • #993,706
  • May 27, 2015 10:01pm May 27, 2015 10:01pm
Quoting Vorex
{quote} Yeah I know about the indication but lets say you double your account to 200K, will you then be increasing the lots to 8 lots? It's up to you but I think that's just risky & not necessary because if one is to get to that figure, one can make enough money & does not need to increase the lots/increasing risk.
normally yes. but as account increase lot size increase accordingly without actually increasing the amount of risk...
lot size follow the account size in relative terms so 100k with 4 lots 100 pips DD is the same %DD as an account with 200k with 8 lots 100pips DD

100k USD account:

4 lot = 40usd per pip
100 pip Drawdown = 4000 USD Drawdown
4000/100,000 = 4% Drawdown.

200K USD Account:

8 lot = 80 USD per pip
100 pip drawdown = 8000 USD Drawdown
8000/200,000 = 4% Drawdown.


so you see if account size increases, lot size increases too without having to suffer more risk.... risk in % amount is the same.
above is a very crude calculation but no, despite me increasing lot size, im not increasing risk taken.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,707
  • May 27, 2015 10:13pm May 27, 2015 10:13pm
Wow gj uj on fire.
A man is what he thinks about all day long. - Ralph Waldo Emerson
  • #993,708
  • May 27, 2015 10:17pm May 27, 2015 10:17pm
Quoting fxrustyspoon
Wow gj uj on fire.
because of the breakout bro, never doubted my USDJPY forcast of 124 to be reached. 140 my longer term target for USDJPY. its the 61.8% retracement since the 1980 high of around 200 to the low of around 78 in 2014

turn the USDJPY chart to monthly and plot a line at 118.8
and you will see that this breakout from 122 is just the beginning of something seriously bullish on USDJPY.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,709
  • May 27, 2015 10:26pm May 27, 2015 10:26pm
Quoting fxtyrant
{quote} normally yes. but as account increase lot size increase accordingly without actually increasing the amount of risk... lot size follow the account size in relative terms so 100k with 4 lots 100 pips DD is the same %DD as an account with 200k with 8 lots 100pips DD 100k USD account: 4 lot = 40usd per pip 100 pip Drawdown = 4000 USD Drawdown 4000/100,000 = 4% Drawdown. 200K USD Account: 8 lot = 80 USD per pip 100 pip drawdown = 8000 USD Drawdown 8000/200,000 = 4% Drawdown. so you see if account size increases, lot size increases too without...
I see.....So you would increase the lots that's assuming if one does not withdraw the funds and leaves them in the account, I think most people would withdraw the winnings & always have the same amount in the account to trade with.

It's your style, good luck with that, what about leverage, would you increase it if you get to 150K to 200k? I think you said you have a leverage of 50-1
  • #993,710
  • May 27, 2015 10:32pm May 27, 2015 10:32pm
Quoting Vorex
{quote} I see.....So you would increase the lots that's assuming if one does not withdraw the funds and leaves them in the account, I think most people would withdraw the winnings & always have the same amount in the account to trade with. It's your style, good luck with that, what about leverage, would you increase it if you get to 150K to 200k? I think you said you have a leverage of 50-1
I wont change leverage.
but I want capital appreciation more than immediate profit,
if you want best of both world.
the best way is this.

say for an example with a 100k USD account
I average a 10% growth per month sooo

Month 0 = 100,000 = 4 lots
Month 1 = 110,000 = 4.4 lots
but at Month 1 I decided to take half of the profits made from month 0
sooo

here it goes.

Month 0
Capital: 100,000
Gain : 10%
Profit: 10,000
Withdraw half of profit : 5,000

Month 1
If withdraw half profit, Capital: 105,000 = 4.2 Lot
If NOT withdraw half profit, Capital : 110,000 = 4.4 Lot

Just like that I get to be safe in withdrawing half the profit and reinvesting the other half back to next months' capital
so capital appreciation and also security of profits can be done this way.

if people pull out all the profits each month and not allow capital appreciation, the future value generated will always be the same, no growth in future value, then you will lose out to the rate of inflation.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #993,711
  • May 27, 2015 10:39pm May 27, 2015 10:39pm
Quoting ill_be_back
{quote} Triggered
That is potentially very good level for trade, nice job.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #993,712
  • May 27, 2015 10:49pm May 27, 2015 10:49pm
Quoting Mr. Scott
{quote} That is potentially very good level for trade, nice job.
A good trader follows his rules, but great trader knows when to break them
  • #993,713
  • May 27, 2015 11:07pm May 27, 2015 11:07pm
Quoting ill_be_back
{quote}
Just missed my level by a couple points ... WD.
  • #993,714
  • May 27, 2015 11:10pm May 27, 2015 11:10pm
Quoting fxtyrant
{quote} what is the new high ur looking for? if high above 1.15 I don't see that sry.
Its only for today or previous day (Oanda has daily close at Midnite EST)
A good trader follows his rules, but great trader knows when to break them
  • #993,715
  • May 27, 2015 11:12pm May 27, 2015 11:12pm
Quoting ill_be_back
{quote} Triggered
Let's see if will survive LO

Attached Image
  • #993,716
  • May 27, 2015 11:13pm May 27, 2015 11:13pm
Quoting scottik187
{quote} Just missed my level by a couple points ... WD.
What was your level
A good trader follows his rules, but great trader knows when to break them
  • #993,717
  • May 27, 2015 11:15pm May 27, 2015 11:15pm
Quoting Ken A
{quote} Let's see if will survive LO {image}
I have
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #993,718
  • May 27, 2015 11:30pm May 27, 2015 11:30pm
Quoting fxtyrant
{quote} I wont change leverage. but I want capital appreciation more than immediate profit, if you want best of both world. the best way is this. say for an example with a 100k USD account I average a 10% growth per month sooo Month 0 = 100,000 = 4 lots Month 1 = 110,000 = 4.4 lots but at Month 1 I decided to take half of the profits made from month 0 sooo here it goes. Month 0 Capital: 100,000 Gain : 10% Profit: 10,000 Withdraw half of profit : 5,000 Month 1 If withdraw half profit, Capital: 105,000 = 4.2 Lot If NOT withdraw half profit, Capital...
Makes sense, thanks for the explanation.
  • #993,719
  • May 27, 2015 11:35pm May 27, 2015 11:35pm
Quoting ill_be_back
{quote} Triggered
could be some meat in this girl :-)
If you are new to Forex? Say Goodbye to your account!!
  • #993,720
  • May 27, 2015 11:48pm May 27, 2015 11:48pm
So England has put into motion the necessary steps for a referendum on leaving the European Union ... it's not until 2017 but something to think about in.
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