minosd777 posted:
   

I did not get it but what I meant is that each tarde is separate and is managed separately and I do not close one trade to close loss of another trade cause any running trade can be a big winner. say if aud/jpy gets to 87.00-88.00 level again I would get 4-4.5% on this running position and if gbp/aud gets another 400 pips it would be 1.5-1.6% on remaining position.


That's I think what most traders do: they have a few very big winning positions in the year 'cause they managed it good and let the profits run in their favor, on the other hand they can have a mirriad of failed trades which are all stopped out. So finding these big potential winners is of key importance, otherwise nobody can be in profit, only the best can have a 60% winning rate of closed trades (and I don't count the scalpers).


Yes, for this however I need to keep some substantial chunk of my original position running like with Aud/Jpoy but Gbp/Aud it is a leftover. still money.
From my perspective, I probably around 50% hit rate on this if no more. Last even was news induced, but before that I had only 1 real loser which went to my stop loss. usd/jpy. the rest 'losers' I just closed myself my stops were not hit.
So, I think if I manage trades properly I can compensate for losers many times over.

CHikot: we will see next week what the AUD does..the BOE is expected to inject another 50B in the UK economy, this is negative for the GBP. In China there is bad news about the economy not growing fast enough for our likes :), this should be bearish for the AUD. The impact of both news should be visible on the GBP/AUD: if the AUD goes down more than the GBP, the GBP/AUD will rise, if the 50B news weighs more, than the GBP/AUD will go down. We will have to see how the markets picks up the China news, it can react very negatively by selling the AUD, CAD and NZD very aggresively, maybe the is an opportunity for a $/CAD long?? Anyway the graph doesn't look good for a long

Walker: I'm not doubling my risk, since EUR/$ and $/CHF have a negative correlation ( see http://www.forexticket.co.uk/#en

Yeah, the week gonna be interesting. The most important how the market will receive all thos enews because it is possible everything has been absorbed by now and is in the current price.

The AUD seems strong, I will focus on that this week, maybe by adding to my EUR/AUD short or buying the AUD/$ pair, but only after the rate-cut decision of the RBA tomorrow.

I keep my EUR/YEN long with a stop at 100.30, I think this is a good stop-level since its just beneath the low of this morning (I'm lucky!). This trade is certainly a coinflip..

Don't you think you opened to many positions Chikot? If the YEN moves against you you will loose on 4 or 5 trades, if it goes with you you will have big gains for sure. Did you still use the ema crosses to take your decisions?

Walker: why is it risky to hedge my way? Can you give me an example of hedging with 3 pairs and calculated lots?

Good trading to both

I only think that I should have opened trades with smaller risk., but as I am in I will keep it this way. next time speculative trades will risk only 0.5% . outside of usd/chf short, the rest was speculative trades. ema's have not crossed.