{quote}What I am doing ? A. I am optimizing the use of effective leverage and if necessary, maxing out on leverage. To calculate the margin requirement to open a trade, the following formula applies; (Market price * Volume) / Leverage = Margin in EUR required by my broker. If I pull the trigger and open 5 lots short (=500.000 units of base c 3200 of demo profit money to a Skrill e-Wallet it didnt even work. Go figure. I wont be around much more on this forum because pretty much everything has been covered now, black swan events included. Trade...
As simple as possible: 00 level trading
- #34,542
- Oct 22, 2016 2:42am Oct 22, 2016 2:42am
AUDUSD SL from FFO yesterday (TP if using 5 pip TP)
I made two mistakes here:
1. I initially mis-read the strength of the USD when entering the trade.
2. I didn't protect my capital by moving my SL up to at least BE when the price quickly moved up (almost hit my TP) to just over 5 pips, then back down.
I made two mistakes here:
1. I initially mis-read the strength of the USD when entering the trade.
2. I didn't protect my capital by moving my SL up to at least BE when the price quickly moved up (almost hit my TP) to just over 5 pips, then back down.
- #34,543
- Oct 24, 2016 1:11am Oct 24, 2016 1:11am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote}
A post like this is worth a thousand pages.
There are no words to thank you for such a contribution.
With the hope that every time and then you come back to give away pieces of the kind here on FF.
Best regards,
Bubincka
Porta itineris dicitur longissima esse
- #34,544
- Edited 2:54pm Oct 24, 2016 2:39pm | Edited 2:54pm
- | Joined Oct 2008 | Status: Trader | 1,666 Posts
{quote}
- #34,547
- Edited 9:29am Oct 25, 2016 5:15am | Edited 9:29am
{quote}
Thankyou very much for sharing this with us.
It is greatly appreciated.
Your trading knowledge and the charts you have posted have been invaluable.
I do hope that you can contribute in some way by sharing your wisdom and your trades on this tread in the future.
Cheers,
finfresh
- #34,548
- Oct 25, 2016 9:45am Oct 25, 2016 9:45am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
{quote} Hi ewokuk, Thankyou very much for your in-depth reply. It is greatly appreciated. I will have to keep the 50 levels in mind. I have heard of them mentioned in other threads (as well as 25 levels) but I hadn't thought too much about them. Currency strength wise I try to use the Psy Levels Dashboard just to give an indication of how many other pairs are doing something similar to the pair I want to trade (above or below the DO and up or down on smaller timeframes). I do have the giraia open, just as a reference. Like you pointed out, it is...
A way to mitigate this could be to configure more Giraias to have some on smaller TF, for instance the traditional D1 and another one on H1 and then look at them as physical quantities such as speed and acceleration. But as many succesful traders say, after all PA is and remains king.
Best regards,
Bubincka
Porta itineris dicitur longissima esse
- #34,549
- Oct 25, 2016 9:47am Oct 25, 2016 9:47am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
It took ages to this trade to go to TP, after having almost touched SL.
NZDJPY to TP
Best regards,
Bubincka
NZDJPY to TP
Best regards,
Bubincka
Porta itineris dicitur longissima esse
- #34,550
- Oct 25, 2016 10:03am Oct 25, 2016 10:03am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
{quote} Me too agree on ewokuk on the fact that Giraia (and other CSM) are lagging and often when they give a signal this is sudden reversed- A way to mitigate this could be to configure more Giraias to have some on smaller TF, for instance the traditional D1 and another one on H1 and then look at them as physical quantities such as speed and acceleration. But as many succesfull traders say, after all PA is and remains king.
i believe LuXing some posts back mentioned something like 'reversal to the mean'...
since CSM agreeable a laggard, might be easier to trade this way in general. ie. no currency strength will stay too long/forever at 0.4, or 8.6, etc.
where to use this on this method?
a possible way can be to disregard signals where CSM already show the pairs trading at extreme strength.
by no mean filtering out 1 vs. 8, or such, but only filtering out #1 if say above 7.8 or #8 if bellow 1.2 ( or anything like this, no specific magic number, use your imagination)
the theory, that strength still have enough room to go thru with the breakout, and not already at a very extreme value where 'reversal to mean' is more than inevitable/high probability.
there is always, always another trade!!
- #34,553
- Oct 26, 2016 1:03am Oct 26, 2016 1:03am
- | Commercial User | Joined Aug 2014 | 3,922 Posts
there is always, always another trade!!
- #34,556
- Oct 27, 2016 3:13am Oct 27, 2016 3:13am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
AUDUSD TP -A little risky entering just before LO {image}
#1 AUDCHF to TP
Best regards,
Bubincka
Porta itineris dicitur longissima esse
- #34,557
- Oct 27, 2016 6:31am Oct 27, 2016 6:31am
{quote} A similar trade after breaking WP and targeting DS1.
Both pairs were pretty much a mirror image.
For the moment, I'm only really looking at EU, EJ, UJ, AU AJ.
I found in the past that too many pairs was just too much to follow.
Now I think I know a bit more about what I'm looking for, I may add a few more in.
I only looked at AUDCHF as well because CHF was strong on the CSM, but just to look, no to trade.
- #34,559
- Oct 28, 2016 2:00am Oct 28, 2016 2:00am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Porta itineris dicitur longissima esse
