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"Just Oil"
Jan 11, 2013 at 16:25
got out of gbp/nzd and gbp/aud in time. closed half long e/j trade and anoyther half is running with few pips locked so locked few pips on e/u but no taking profit yet. been 120 pips on e/j and 80+ on e/u. going to watch these two. might take partial on e/u but would not want as if it really breaks it might be big move. so is e/j. Next week gonna be busy. lots of new set ups are forming.
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 16:34
Hey chikot how are you doing man and whats up with oil any forecasts?
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 17:14
Why you lost interest in oil i thought it was trending commodity , am doing fine i use only EURUSD.
Jan 11, 2013 at 17:22
I have not lost interest. Just postponed. I myself lack capital to trade oil. Where I am trying to get into futures professionally account size and oil minimum position size do not mix for me. I decided after some thought to stick with Nasdaq. It has small lots of $5 per contract and it is pretty volatile...
I have been condacting back testing for some time to get a plan and last 2 weeks have been making trades on MT4 which is a bad place to trade ND. spread is 1 point. nevertheless results are pretty ok.
I have been condacting back testing for some time to get a plan and last 2 weeks have been making trades on MT4 which is a bad place to trade ND. spread is 1 point. nevertheless results are pretty ok.
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 17:27
Spreads are always very heavy for trader to pay when markets tend to be thin and low volume. Am paying 2 pip spread some time slippage make is 3 or even more.😲 but have to deal with it.
Jan 11, 2013 at 17:37
(編集済みのJan 11, 2013 at 17:37)
oil is 5 pips spread on FXPrimus. ND is 1 point spread..... a lot.
nevetheless been test tarding before I satrt real thing and even with one point results are ok:
It is 1% risk per trade but would reduce to 0.5% on futures platform.
Gross Profit: 49 554.00 Gross Loss: 21 600.00 Total Net Profit: 27 954.00
Profit Factor: 2.29 Expected Payoff: 1075.15
Absolute Drawdown: 13 200.00 Maximal Drawdown: 14 400.00 (1.70%) Relative Drawdown: 1.70% (14 400.00)
Total Trades: 26 Short Positions (won %): 12 (83.33%) Long Positions (won %): 14 (71.43%)
Profit Trades (% of total): 20 (76.92%) Loss trades (% of total): 6 (23.08%)
Largest profit trade: 6 450.00 loss trade: -3 600.00
Average profit trade: 2 477.70 loss trade: -3 600.00
Maximum consecutive wins ($): 10 (33 372.00) consecutive losses ($): 4 (-14 400.00)
Maximal consecutive profit (count): 33 372.00 (10) consecutive loss (count): -14 400.00 (4)
Average consecutive wins: 7 consecutive losses: 3
it is for 2 weeks.
nevetheless been test tarding before I satrt real thing and even with one point results are ok:
It is 1% risk per trade but would reduce to 0.5% on futures platform.
Gross Profit: 49 554.00 Gross Loss: 21 600.00 Total Net Profit: 27 954.00
Profit Factor: 2.29 Expected Payoff: 1075.15
Absolute Drawdown: 13 200.00 Maximal Drawdown: 14 400.00 (1.70%) Relative Drawdown: 1.70% (14 400.00)
Total Trades: 26 Short Positions (won %): 12 (83.33%) Long Positions (won %): 14 (71.43%)
Profit Trades (% of total): 20 (76.92%) Loss trades (% of total): 6 (23.08%)
Largest profit trade: 6 450.00 loss trade: -3 600.00
Average profit trade: 2 477.70 loss trade: -3 600.00
Maximum consecutive wins ($): 10 (33 372.00) consecutive losses ($): 4 (-14 400.00)
Maximal consecutive profit (count): 33 372.00 (10) consecutive loss (count): -14 400.00 (4)
Average consecutive wins: 7 consecutive losses: 3
it is for 2 weeks.
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 17:41
Good keep it up.
Jan 11, 2013 at 17:45
Generally my recent problems were related to my refusal to take profits looking for more. I incorporated it into this approach. Taking first profit is mechanical, protecting still plus small profit is automatically. the rest left to run until either stop making new highs or just a lot of on the table 😄 My main task is to manage the profitable half the rest is rules.
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 17:48
you should cut the losses short and let the winning run but you should also realize the profits when they are at peak or maximum. 😄
Jan 11, 2013 at 17:52
The problem is how do we know where is the maximum. The problem at the period of my trading for 6 months first account was that market all but one month was in range. bad conditions. I have been 3-4 times up to 250 pips in profit from e/u and got not a penny. all BE cause i was following rules which I think were too strict in this regard. account was many times in floating profit from at least 5 to maximum 22% . so, I decided to restart on new account and start using some improvements especially profit taking part. It will be interesting to see how this account will be doing after 6 months. I also further reduced leverage.
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 17:54
Ya take it when market offers it to you.
Jan 11, 2013 at 17:56
for example. e/u now at around 1.3350. I am in trade with some 70-80 pips and risking 130 pips originally equal 1%. I did move stop to BE plus 20 pips as I decided to not let profitable trade turn a complete BE. but I do not feel it is good idea to take partial profit yet. at minimum 1:1 and better 2:1. it is just math. e/j I took half off cause the pair might be overextended and I wanted to cover a couple of losers to keep account up. I do care about it now. I trade form dailies so I am looking for more than intra day trader. with 100-150 pips risk one cannot take profits at 50 pips unless he is 90% winner.
Apr 25, 2012からメンバー
269 投稿
Jan 11, 2013 at 17:58
well it depends on your trading system if your comfortable with it then you should go with. Do what ever your system says but carefully equity is all yours and first rule is protect the equity.
