"Just Oil"

The weekend is coming along with Greek election. I am thinking whether to close all trades on Trend Trading strategy or let them run through weekend. Dilemma.

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Dear Valued Pepperstone Client,
This coming Sunday, June 17 2012, will be the Greek legislative elections. This event is important for the future of Greece as part of the Eurozone. While Pepperstone does not give financial advice, we believe these elections may result in periods of extreme volatility in the currency markets. We urge you to take every step possible to protect yourself from potential price spikes or market gaps, including but not limited to:
Adding funds to your account to avoid liquidation and/or margin call
Curtailing unnecessary exposure, by closing some or all existing positions prior to the market close
Placing stop orders*
*Please be aware that stop orders may slip or not be filled if the market gaps or if there is extreme volatility.
The events unfolding in the Eurozone in the following weeks will be pivotal for the future of the Euro currency and the nations involved. Stay current with news announcements so you are aware of potentially volatile market conditions.
Pepperstone recommends that clients seek professional financial advice on this matter.
If you have any questions, our customer support team will be happy to help.
Kind regards,
 
The Pepperstone Team

I will move stops to BE on positive trades but leave all running. I would say it is exersise on mental part. I want to take all the profits now. I also think that trades that are in profit now are so because for a reason. I have no eur based currencies trades... let's see. got stopped on usd/jpy at loss. should have closed before but signal in the opposite direction came while i was sleeping.
lost 1% on this. still 3%+ in profit running unrealized.

last weeks EU is heading up. if I would keep my tading leave running this weekend I would make my plan according to that information. news/election can be trigger for new highs on euro. personal comment.

it does not matter. I was +40 to +60 pips up on my shorts last week and all ended losses. news, you never know where it will move the markets. but I think with small risk it worth the bet. my risk will be small. and from what I see, i am totally capable of running the trend.there will be more trends. I mean psychologically I am ready for trend following. entries are simple. trade management is the most important and I think tht market must be sensing something and preparing for all eventualities. hence, I am not in eur trades on trend following. swing trading has no base hence all these mess. but on trend following rules are defined. it is not my rules. I got them from someone.

all currencies & comodities are connected to EU.
news trigger, does not give a direction but trigger big moves.

what I am saying is again EU is heading up. news/elections can trigger that and move further. and again personal comment.

a good 'someone' 😁

Oh yeah, he is very good.

   stevewalker posted:
   all currencies & comodities are connected to EU.
news trigger, does not give a direction but trigger big moves.

what I am saying is again EU is heading up. news/elections can trigger that and move further. and again personal comment.

Cool

I closed part of my aud/usd long and moved stops on a/u and nzd/usd locked few pips as trades are well in profit. decided to protect myself. gbp/aud was up to 500+ pips tonight. I locked previously some 150+ pips and took of 40% of position. so the only trade at risk is aud/jpy. risk is covered by locked pips so I will leave trades running. seems like no risk. will be interesting to see how things will turn. usd/jpy got stopped. trend reversal.

I think that watching 2 accounts on demo shows nicely the difference between trading with a plan and without a plan or plan that is based on wrong information.
I am going to only trend following method through trends and whipsaws which are natural part of this method as I believe I am finally mentally ready to let profits really run. I think stats do not like but as once my average winner to average loser were about same, the difference has been growing and even on 4h account before the mess started my winners were more than double than losers on full position in and out.
Trend trading in my opinion also less risky than day trading and far less stressful and it is how big guys trade also down the road when I join trading firm or investors and I have no doubt I will get there it is possible to trade far bigger amount with this style of trading rather than day trading.
The key here is consistency and plan following.

I am in the process of moving funds from FXPrimus and back to Oanda as it is impossible to trade small live accounts with this style on MT4 brokers platforms. $10-20K is unavailable now but with Oanda I can trade $400-500 like it is big money taking partial profits and letting trades run while making money along the way. will trade one account only and only trend following. I think $400-500 will be more than enough.

I have simple but clear plan now which I will follow through ups and downs.

not a bad forecast 😇😇😇😇

   stevewalker posted:
   all currencies & comodities are connected to EU.
news trigger, does not give a direction but trigger big moves.

what I am saying is again EU is heading up. news/elections can trigger that and move further. and again personal comment.

too early. Beware of the Greeks bringing gifts 😉 actually according to the method eur/usd has had long signal, cad/usd and chf/usd short. but not now. I wonder what will happen after news come online.

I was waiting for long gap open. 60 pips not much. later we will see what will happen

I think trading at the moment kind of dangerous. I took 10% of my NZD/USD posiitons.

no news yet.

I wait till UK open.

closed another 10% of GBP/Aud, it is a strong support. I am waiitng if it breaks. gonna cur remaining position for another 5 take profits if it continues down. looking to take off 20% of aud/jpy position. stop on be already. news might come and everything might go to bust. no risk now.

do u have MM while making partial close. due when u loose u loose %100 or also partial close when going against u?