JZ Prop Account (by cateful) Quick Stats
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JZ Prop Account Discussion
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cateful

Member Since Dec 19, 2009  87 posts Fill or Kill (cateful) Dec 22 2009 at 10:22 (edited Dec 22 2009 at 10:24 )
There was a rather large down month in July 2009. This is because I made a withdraw at the beginning of the month and did not reduce my trading position accordingly. It was of course a mistake on my part and I shall try to avoid it in the future. also please note the largest win/loss pips are from Gold trade so they are REALLY large.

cateful

Member Since Dec 19, 2009  87 posts Fill or Kill (cateful) Dec 23 2009 at 09:17 (edited Dec 23 2009 at 09:20 )
BTW this is not an EA so do not ask for it. Every trade is executed manually and with a lot of thought and work behind it.

to2m

Member Since Sep 05, 2009  11 posts totom (to2m) Dec 23 2009 at 14:49
what indicator did you use?

now or not
cateful

Member Since Dec 19, 2009  87 posts Fill or Kill (cateful) Dec 23 2009 at 16:42 (edited Dec 23 2009 at 17:02 )
to2m posted:
    what indicator did you use?


No technical indicator really. I look at the chart maybe once a week and before a trade when I have crystallized an idea. Mostly I just look at the prices and read the news.

to2m

Member Since Sep 05, 2009  11 posts totom (to2m) Dec 23 2009 at 17:16
may u post ur chart and give it an arrow did you place your trades. i will try to catch its price patern and write its Indicator/EA lol

now or not
cateful

Member Since Dec 19, 2009  87 posts Fill or Kill (cateful) Dec 23 2009 at 17:34

to2m posted:
    may u post ur chart and give it an arrow did you place your trades. i will try to catch its price patern and write its Indicator/EA lol

You can see the date & time in the history page, it is public.

I don't think an indicator/EA could do the same thing. My trading is discretionary and a lot of it are based on gut feeling and some times I would form an idea from reading. For example, I entered short AUD in mid November because I was looking for a break. And the reason I was looking for a break was because I thought there was going to be some portfolio adjustments as the year end nears. With the market going up all year 2009 it made sense for traders to take off some risk and secure a good bonus for the year. I mean if they weren't going to take off any risk at least they wouldn't add more. There was another reason and that was the RBA jacked up rates again and the market did not take out the previous high. It's having trouble advancing beyond 9300. So combined it made sense for me to start a short campaign on AUD (If you go through my history page I was actually long AUD the whole way until mid-november, I practically ran it to the top of the move. My longs were out at an average price of around 9200). It was really a low risk trade. I was a little early and a little fast as it didn't break down immediately as I thought. I took a few small losses with my initial positions but when the Dubai news broke out, and when the NFP numbers came out so positive, EUR and Gold started plummeting I knew it was time so I started shorting it again(my average price now is 9100+). So even though my initial positions were a loss, my campaign as a whole was very successful. I haven't exited the shorts yet so now it's an unrealized profit of about 20-30%. I will see how far it can run.

So you see a lot of it are based on experience, gut feeling and watching the market. I don't think an indicator or an EA can do the same thing.

to2m

Member Since Sep 05, 2009  11 posts totom (to2m) Dec 23 2009 at 22:18
i see...

now or not
slank

Member Since Dec 20, 2009  3 posts slank Dec 24 2009 at 15:23
Nice performance...
Only one month lost instead 15 months...

Just want to know ..What happened If U did not withdraw in July 2009 ?.
 

cateful

Member Since Dec 19, 2009  87 posts Fill or Kill (cateful) Dec 24 2009 at 19:25 (edited Dec 24 2009 at 19:26 )
slank posted:
    Nice performance...
Only one month lost instead 15 months...

Just want to know ..What happened If U did not withdraw in July 2009 ?.
 


thanks!

It would still be a loss, amid a smaller one. It would be in the high single digits instead of a double digit loss.

arezab

Member Since Sep 18, 2009  26 posts arezab Dec 30 2009 at 23:23
Nice growth. Congrats. Do you trade higher time frames like H4 or higher? Because I see the growth is pretty choppy ... big losses and big profits at once. Do you hold your trades for several days?

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USDJPY 104.712 USDCAD 1.3125

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.