Hot Forex PAMM, FX Power Club - Growth Discussion

Hi,

I saw it, Floating P/L -56468.1.
You can login to your myfxbook account, then click "setting" in top right, "edit" your pamm account, click "Connect" in editing page.
Try this.

Thanks you.

Just great mate.

😀

Still holding out for long on eur/chf. Still look quiet at the moment lets hope for a pick up or may run into next week. Keep up the good work and be patient.

ye eur/chf is flat as a desk :)

This site has added some great new features, but it has not updated for many many hours... just an fyi. ;) Take care!

is it just me or on hotforex pamm site draw down isn't calculated correctly ? I can't figure it out how they do this calculation. But as far as i know the DD is calculated as floating p/l * 100 / balance = DD %. Correct me if im wrong.

and by my calculations the current DD is around 20%. They are showing 42.5 %. Wierd stuff indeed.

Forex Trader 45547 can you give us an update plase.

Hello,

Yes, myfxbook has not updated for around 1 day now. We had a great trade last night long in gold, but then closed when it turned sharply against us to protect from further loss. We have cut some of the losses today in the account. Yesterday we showed over $12,000 in closed profits and today we took most of that back to cut out some losses, however there is lot of time left in the day. We are still holding our large order in the eurchf long and have a larger sized OIL trade long as well. Our last order is long gbpchf, which is currently negative, but our take profit is relatively tight at around 50-55 pips. If this gbpchf hits our profit level, which is not too far off, it will cover most of our current losses that were closed thus far today in an attempt to scale out of the drawdown. Although we are not expecting a large move in eurchf today, it would be nice to see. :) Otherwise we are looking for OIL or gbpchf to rise.

Thank you.

Thank you mate.

No problem... :)

Gold was a tough trade, we held over night and it showed over a 14% increase in our equity before it fell all morning. Of course, after we closed at a smaller loss, it went up to new highs. It was nearing our profit levels, but fell short. We will see what OIL gives us today. Thank you.

Hi mate. Can you give us an update before weekend please? Thank you.

Greetings,

Sure...I will post more soon, it is 456am here and I just checked charts again. More to come. We are long oil and eurchf currently. Thank you.

wohoo oil on the rise :) yeah mate i sometimes forget your on the other end of the world 😀

Yes, I thought we had it in the bad my friend, up around $3 a barrel in minutes, now it us paring it's gains. New about cut in Iranian exports (due to sanctions), but also rumors on Twitter about Israel starting to fight...nice thing about Oil long trade is that quick spikes and moves up with any rumors or news. If we would have rose another buck or two we would have been set and possibly closed with very nice profits. We will keep watch....

*had it in the bag* (above)

http://www.forexlive.com/blog/2012/03/23/chatter-that-israel-is-gearing-up/

Greetings,

Today being the last day of the week, we decided to remain in the current trades of long oil, eurchf, and a small amount long eurgbp. We had a great spike today in oil to the upside that nearly eliminated our current drawdown entirely...all we needed was a small amount more to remove it completely. The spike up was so quick that we did not exit, but the chatter is the holding a long in oil over this weekend will likely be a good move, especially if there is any news over the weekend to make it rise further. There is not much for good news that could bring us down a lot over the weekend, but there is a lot of things that could spook the market higher. With the eurchf, the spreads in Hot Forex increase right at market close so it is about 5-6 pip greater than it appears in the floating P/L. There was news this week again that the Swiss Nation Bank will defend it's floor in the pair night and day, without exeption, and is ready to sell the swiss currency without limit to retain it's weakness. This means we will be OK to be long, only we wish would have a better entry long as opposed to the current entries of buying as the pair retraced from last week's spike. Remember, the spike up netted us over $17,000 total account profit, so that has already been banked. Please rest assured we are watching the markets nearly every moment, often checking it and all the news, rumors, facts, etc every 10-15 minutes and no less than once per hour over night. It is our main priority to eliminate the drawdown as soon as possible and close all trades quickly as there are around 50 new clients waiting with live, funded accounts who cannot enter until we go flat and close the trades. Also, if we closed the current drawdown and all trades at this very moment, we would still be in profit for the month as we are up around 30% for the month and around 450% for the year. Thanks for your trust and for your patience. Hopefully everyone will be live very soon and we will have a great close to March. :)