Share bumbum (by kurak) Quick Stats
|
|
|
bumbum Discussion
| Subscribe to this topic | Previous 1 2 3 Next |
|
Member Since Jul 16, 2010 52 posts
ciccio
Jul 28 2010 at 14:28
hi
can I have informations on your system? thx |
|
|
Member Since May 17, 2010 24 posts
Grzegorz Gruszka (kurak)
Jul 29 2010 at 09:24
Hi Ciccio,
As you can see from my profile I am looking for trends in AUD/JPY that will last longer then couple of days. But mostly I trade GBP/JPY, I wait for certain patterns and then I pull the trigger. What else would you like to know? regards, kurak Never give up! |
|
|
|
Member Since Nov 11, 2009 3 posts
forexnetworth
Jul 29 2010 at 10:45
Kurak,
Very nice trading. How do you determine the trend and what time frame are your trades based on? Also, do you place your trades at a particular time of day such as during asian session or london session? Thank you. Adding Value to Life in accordance with God's Will! |
|
|
|
Member Since May 17, 2010 24 posts
Grzegorz Gruszka (kurak)
Jul 29 2010 at 12:22
Forexnetworth,
If we are talking about AUD/JPY I don't determine the trend actually, I rather look for bottoms and tops using S/R but mostly hunch and Fibonacci. Fibo levels works great on this pair on daily charts, I am amazed how accurately it marks highs and lows. If we are talking about GBP/JPY I play usually short moves (40 - 50pips). I use daily timeframe to determine daily ATR, and timeframe from 15m to 3h to trade. I play aggressively such scenario: let say that daily ATR is around 200 pips, market moved already around 250-300, no major news and we are reaching some Supp or Ress - I play counter trend for 40 to 50pips profit. I put my trades on this pair mostly between London and NY sessions. I was testing breakouts at the beginning of London session but with no good results. I've read on your profile that you mastered the breakouts. Can you say something more about that? regards, kurak Never give up! |
|
|
|
Member Since Jul 16, 2010 52 posts
ciccio
Jul 29 2010 at 21:47
I read the book of joe ross (the best world trader) named 'day trading' on section forex..is the best book
he use the clusters (formations of 10 bars) and he trade the breakouts.... he teach the risk managment on every trade .....very little risk ...for big profit ....excellent but I have not time to trade :( anyone know joe ross?? |
|
|
|
Member Since Jul 31, 2010 14 posts
gbptrades (gbptrades)
Jul 31 2010 at 17:05
I see you have 2 trades open for over 1 year now. Why?
|
|
|
|
Member Since May 17, 2010 24 posts
Grzegorz Gruszka (kurak)
Aug 01 2010 at 11:11
(edited Aug 01 2010 at 11:12 )
gbptrades,
Those trades (and all other open positions on GBP/USD and USD/PLN) are for hedging purposes only. I hedge my deposits and profits in my domestic currency. My account currency is GBP while domestic currency is PLN. As there is no GBP/PLN available at Oanda I use GBP/USD and USD/PLN. regards, kurak Never give up! |
|
|
|
Member Since Oct 02, 2009 43 posts
doshur
Aug 01 2010 at 17:33
hi,
I'm interested to know the theory of why do you want to hedge? thanks |
|
|
|
Member Since May 17, 2010 24 posts
Grzegorz Gruszka (kurak)
Aug 01 2010 at 18:26
Hi Doshur,
I want to hedge, because I want to secure value of my portfolio in domestic currency (which is PLN). If I wasn't hedged and GBP/PLN falls 20% then value of my portfolio in domestic currency (PLN) would have droped 20% too. I don't want that, this is the reason I hedge. If Oanda starts offering PLN accounts I will not have to hedge anymore. Does it answer your question? regards, kurak Never give up! |
|
|
|
Member Since Oct 02, 2009 43 posts
doshur
Aug 02 2010 at 02:30
how much do you need to hedge?
|
| Subscribe to this topic | Previous 1 2 3 Next |
