Fireworks are fun ... as long as you don't blow your fingers off.
Building an equity millipede
- #7,041
- Apr 9, 2015 3:57pm Apr 9, 2015 3:57pm
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
- #7,042
- Apr 14, 2015 12:44am Apr 14, 2015 12:44am
Looking to sell more AUDUSD, still lots of down side till they get their economy reset, maybe after China gets better or Aus GDP improves by some other means - lower exchange rate will help 
Anybody got index millipedes or played with the GER30, UK100 or better yet the EUSTX50. Lots of easy QE money is showing it has to go someplace.
cheers scalpz
Anybody got index millipedes or played with the GER30, UK100 or better yet the EUSTX50. Lots of easy QE money is showing it has to go someplace.
cheers scalpz
Target 2 : Stoploss in the green
Hello guys, I have found this thread a few days ago and it changed the way, I trade forever, like all the other traders I have read from so far. Its a very good method to trade and I understand the most of it, but I didnt found what is "diversification" . I just can imagine what it is , but as I am german and reading all in english, I cant get this diversification. Is it "to close all positions that are running against the monthly/weekly trend , before it resumes? what is it exactly, that I have to do on my platform to "diversify" some positions...
Take a simple and good system and modify it : cut your losers fast and short as possible and let the winners run as long as possible. simple as that.
Ich hoffe da hilft !
- #7,056
- Jun 11, 2015 4:53pm Jun 11, 2015 4:53pm
Hello guys, I have found this thread a few days ago and it changed the way, I trade forever, like all the other traders I have read from so far. Its a very good method to trade and I understand the most of it, but I didnt found what is "diversification" . I just can imagine what it is , but as I am german and reading all in english, I cant get this diversification. Is it "to close all positions that are running against the monthly/weekly trend , before it resumes? what is it exactly, that I have to do on my platform to "diversify" some positions...
For me his "to diversify" is to close off some of the positions at suitable times to increase my account balance and cover costs. If price stretches out too far ahead of itself, I shift up a selection of trades stop losses to a quite close position for a retrace to trigger them.
I suppose I could just close them, but what if no retrace, then missed that extra profit from those lots. Is a trade off of the risk I think.
I had 6 groups of 5 or 6 trades each short on EU from mid October. Was feeling the risk of a retrace so 1 from each group had the sl shifted down to the latest resistance. Of course retrace/bounce came in March and "banked me my money".
Diversified again in April with more positions from each group and also 3 of the smaller groups.
Still holding some older/earlier short trades. I intend to leave them until the EU cuts printing and or US raises rates. SL's in place with reasonable profits (pending).
Wonder if anybody has got a hold of the GJ buy trades from this April. I was looking, but too busy with watching margin.
woulda shoulda coulda have been looking at a 1500 pip rise. In my millipede sums, full-on with all of the 45 trades comes around $3375 at 0.01 lots.
But the margin to hold that many adds up.
Also not sure of the rollover on GJ shorts as I am unfortunately on fxscm and they don't show their MT4 customers what the rollover will be till they charge it.
A bit like they still don't plot the correct prices on their MT4 charts either.
-- end of rant --
cheers scalpz
Target 2 : Stoploss in the green
