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forex trading technique

  • #1
  • First Post: Sep 6, 2006 4:25pm Sep 6, 2006 4:25pm
whenever i enter a trade my profit is negative...after few hours it goes positive. is that how every1s is ?
  • #2
  • Sep 6, 2006 4:34pm Sep 6, 2006 4:34pm
Your trade will intially be a loss due to the b r o k e r spread in the transaction. For example, a EURUSD trade is in the hole 3 pips the instant it is executed.

andersenws
"Youth is the trustee of prosperity." - Benjamin Disraeli
  • #3
  • Sep 6, 2006 5:13pm Sep 6, 2006 5:13pm
Quoting andersenws
Your trade will intially be a loss due to the b r o k e r spread in the transaction. For example, a EURUSD trade is in the hole 3 pips the instant it is executed.

andersenws
Did this reply answer your question?
  • #4
  • Sep 6, 2006 5:18pm Sep 6, 2006 5:18pm
Quoting aqibsherwani
whenever i enter a trade my profit is negative...after few hours it goes positive. is that how every1s is ?
No offence intended, but, are you just taking the piss?
  • #5
  • Sep 6, 2006 5:27pm Sep 6, 2006 5:27pm
Quoting aqibsherwani
whenever i enter a trade my profit is negative...after few hours it goes positive. is that how every1s is ?
As others have already pointed out, you will always be negative when you first place a trade due to the spread being taken out off the top. However, if you have found the way for your trades always become positive after a few hours, then you have discovered the Golden Grail of forex. The rest of us are perpetually struggling to have that happen more often than we become more negative after a few hours.
  • #6
  • Sep 7, 2006 2:20am Sep 7, 2006 2:20am
Quoting moonchild
As others have already pointed out, you will always be negative when you first place a trade due to the spread being taken out off the top. However, if you have found the way for your trades always become positive after a few hours, then you have discovered the Golden Grail of forex. The rest of us are perpetually struggling to have that happen more often than we become more negative after a few hours.
i have developed my own technique and i am pretty new at this. i use fxcm trading station no sophisticated software. i am getting 100% sucess rate for my trades...although my lot size is only 10k with 50 margin.
  • #7
  • Sep 7, 2006 2:46am Sep 7, 2006 2:46am
Quoting aqibsherwani
i have developed my own technique and i am pretty new at this. i use fxcm trading station no sophisticated software. i am getting 100% sucess rate for my trades...although my lot size is only 10k with 50 margin.
IMHO amount on account matters less than stable gains every day, as through power of compounding you can easily=steadily double, triple, quadruple,etc your account.

in my analyses i found that sometimes high success rate is due to "specific market coditions" - whatever it means in your case.

to me 100% success rate (do you mean you are successful in every trade?) is rather suspicious, it may be simple caused by small sample of trades (???)

or you are just successful every day, i believe it is possible.

Happy trading!
Quidquid latine dictum sit altum viditur
  • #8
  • Sep 7, 2006 3:00am Sep 7, 2006 3:00am
Quoting dottore
IMHO amount on account matters less than stable gains every day, as through power of compounding you can easily=steadily double, triple, quadruple,etc your account.

in my analyses i found that sometimes high success rate is due to "specific market coditions" - whatever it means in your case.

to me 100% success rate (do you mean you are successful in every trade?) is rather suspicious, it may be simple caused by small sample of trades (???)

or you are just successful every day, i believe it is possible.

Happy trading!
i am successful in bigger trades too and every trade is profitable. todays morning trade (im in london) after 10 mins of entering the trade:

http://www.comteche.com/free-image-h...s/K5e23234.gif
  • #9
  • Edited 3:26am Sep 7, 2006 3:13am | Edited 3:26am
How long have you been trading this way? Also, why is the gross profit 63.77 when the p/l is 120? This kind of looks like some sort of hedge. Is there a float also on the other side of this trade?


Quoting aqibsherwani
i am successful in bigger trades too and every trade is profitable. todays morning trade (im in london) after 10 mins of entering the trade:
  • #10
  • Sep 7, 2006 3:30am Sep 7, 2006 3:30am
Quoting aqibsherwani
i am successful in bigger trades too and every trade is profitable. todays morning trade (im in london) after 10 mins of entering the trade:

http://www.comteche.com/free-image-h...s/K5e23234.gif
GBP/USD is gooood....

If every your trade is profitable... there we have two possibilities:

1. you have a good reliable system and small amount of trades
2. you have an average system and small amount of trades

by "small amount" i understand - below 50 trades. it could be a problem only in you believe that you "cracked the system" and enlarge unreasonable your size of position as this is common recipe for disaster.

success in trading (in my humble opinion) comprises three parts:

- reasonable, statistically proven entry/exit system,
- sound MM tailored to this system (if you can do that) or safe (i mean sth like a "never risking more than 5%" in single trade - followed religiously) - if you cannot tailor MM to your system,
- sound self management - integration of fx activity and everyday life, sharing fruits of success with others, understanding that in fx as in life nothing is stable and predictable, sth like that

"statistically proven" - i mean a system should be tested (backtested) in more than 250 -300 trades, also with checking "market conditions" - or chcecking if mkt cond are "as always" in our test period (mkt cond can also fluctuate in period of months), plus also verified live (slippage, human errors, force majeure - decrease profitability).

Hope this helps

Take care
Quidquid latine dictum sit altum viditur
  • #11
  • Sep 7, 2006 3:31am Sep 7, 2006 3:31am
Oops, Where are my manners, WELCOME to our Forum... I see this was your first set of posts...


Scott
  • #12
  • Sep 7, 2006 3:31am Sep 7, 2006 3:31am
Quoting smjones
How long have you been trading this way? Also, why is the gross profit 63.77 when the p/l is 120? thanks much, Scott
i have been trading for about a month now. p/l in pips and gross p/l in $.
here is an update on the above trade:
http://www.comteche.com/free-image-h...s/oFR25516.gif
  • #13
  • Sep 7, 2006 3:34am Sep 7, 2006 3:34am
Thanks for clearing that up. Are you interested in sharing what you are doing here?



Quoting aqibsherwani
i have been trading for about a month now. p/l in pips and gross p/l in $.
  • #14
  • Sep 7, 2006 3:38am Sep 7, 2006 3:38am
Quoting smjones
Thanks for clearing that up. Are you interested in sharing what you are doing here?
here is an update on the above trade:

http://www.comteche.com/free-image-h...s/oFR25516.gif
  • #15
  • Sep 7, 2006 3:38am Sep 7, 2006 3:38am
I am sorry, but this is confusing to me, because that would mean the profit was 120 pips and that is not possible because the trade was only from 8831 to 8819 that is only 12 pips. However, at the 100k listed it would be $120.00.
Perhaps you could let me know what I am getting wrong...

Thanks Again, Scott


Quoting aqibsherwani
i have been trading for about a month now. p/l in pips and gross p/l in $.
  • #16
  • Sep 7, 2006 3:41am Sep 7, 2006 3:41am
I think I have it. The p/l is in $ and the Gross profit is in Pounds.
  • #17
  • Sep 7, 2006 3:43am Sep 7, 2006 3:43am
Quoting aqibsherwani
i have been trading for about a month now. p/l in pips and gross p/l in $.
here is an update on the above trade:
http://www.comteche.com/free-image-h...s/oFR25516.gif

are you still in profit? I started this morning in red and currently market conditions are reversing. Thats good.. If the opposite happens, thats not bad.
Quidquid latine dictum sit altum viditur
  • #18
  • Sep 7, 2006 3:48am Sep 7, 2006 3:48am
Quoting smjones
My Goal: Step back, stop looking and see.
Don't Let A Winning Trade Become A Losing Trade! (B73)
what a nice sentence! hedging in my opinion is undervalued and underused

Lots of pips to all...
Quidquid latine dictum sit altum viditur
  • #19
  • Sep 7, 2006 3:50am Sep 7, 2006 3:50am
Quoting smjones
I think I have it. The p/l is in $ and the Gross profit is in Pounds.
i do have a british pound account.
  • #20
  • Sep 7, 2006 3:52am Sep 7, 2006 3:52am
Do you wish to share what you are doing here? I am trying to decide how to categorize this thread... thanks much, Scott



Quoting aqibsherwani
i do have a british pound account.
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