mylin_m19’ın Gönderileri- Sayfa 2

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Feb 01, 2013 at 15:58

Ok my average opening price is 8329.18 and I am leverage 2.5 times with stop loss at 8587. So if the market moves another 43 pips my stop loss moves another 43 pips. So at the moment I am sitting and doing nothing. This is EURGBP.The next trade is USDCAD, which I bought today again after the non-farm, as it is still within its trend channel at 9992.6 and have a stop-loss at 9987 with leverage 1 times; but if the market moves 43 pips positive my stop loss will move to 9906 and then follow the same routine as EURGBP.Dont think I should do anything extra...now and just stay put.

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Feb 01, 2013 at 15:44

Whats the difference between the two? Trading is awesome.. I am like at 700 now started from 80.. shit i am getting all like nervous again - check list 1) trailing stop losses at place 2) no more trades... thats it right??

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Feb 01, 2013 at 13:39

i will just ride my eurgbp now.. :)

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Feb 01, 2013 at 13:38

you know a good trade during non-farm could be long usdcad and long gold .. with tight stop losses; i had usdcad as a new position but i took it out after the non-farm payroll, as i could potentially get better price later, if it maintains it strend, but in hindsight i could have gone long gold as well..

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Feb 01, 2013 at 10:02

Ok thanks, so I managed to save my capital as my USDCAD, AUDGBP took a beating and hit their stop losses - but my EURGBP has been quite good and locking me more profits as it goes up. I think I can now put in a new trade.. taking all the above into account. Thank you.

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Feb 01, 2013 at 09:51

Thats weird, because the average number of points that EURGBP moves is far less than that of GBPUSD and EURUSD? Basically I place my stops depending on the average movement of the currency. As I am planning to risk only 1% of my capital, I am looking for positions that move on average that many pips.. and cant seem to find much except EURGBP, AUDGBP, AUDCAD, USDCAD. Any recommendations?

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 31, 2013 at 14:36

Ok cool, dont think I will be able to do such quick trades. I am asking just random questions here - but another one, eurusd and gbpusd are far more voatile than eurgbp.. does that mean that crosses are less volatile than mainstream trades? Is this always the case? What is the difference between an illiquid currency and a volatile currency?

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 31, 2013 at 10:54

Ok, so say i have a long term eurgbp buy signal this would mean that i am essentially long for eurusd short gbpusd sell signal. If in short trend if eurusd goes down and gbpusd goes up while eurgbp continues going up - i can do counter trades with small take profits? I am sure someone has tried this - any sight will be useful.

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 30, 2013 at 14:04

Just another quick question - say if i want to be long eurgbp can i go long eurusd and short gbpusd? How is it different from trading eurgbp on its own? Can there be a point when eur/gbp is different from eurusd/gbpusd?

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 30, 2013 at 10:50

ok i understand - but this not a trading entry-exit i am testing, it is more like managing capital - and will not change given the market scenario? frankly, i am not sure if i will be able to backtest things properly.. 😳

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 30, 2013 at 10:40

but backtest might not really work given that the dynamics of the market might have changed now, and will continue to change in the future..?

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 30, 2013 at 10:29

Yes I agree - 1. Risk only 1% of capital2. If my trade turns profitable i.e. moves x pips to my favor I move my stop-loss x pips. x depends on n days market volatility. 3. If it does not turn profitable within n days i.e. does not moves x pips to my favor - I take profit or stop my losses4. If the trade is already in profit, I take profit when the parabolic sar changes5. If the trade is in profit and moves another x pips, then I open a n new trade with stop-loss at x pips.

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 30, 2013 at 10:12

Ok Thank you! So, I will do the following:1. Risk only 1% of capital2. If my trade turns profitable i.e. moves x pips to my favor I move my stop-loss x pips. x depends on n days market volatility. 3. If it does not turn profitable within n days i.e. does not moves x pips to my favor - I take profit or stop my losses4. If the trade is already in profit, I take profit when the parabolic sar changesWhat do you think guys? Does this sound reasonable?

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 29, 2013 at 18:42

any feedback on the strategy guys?

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 29, 2013 at 18:40

quicksilver that was awesome .. ! Thanks a ton!

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 29, 2013 at 18:40

Thanks quicksilver.. just saw your post - reading it now

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 29, 2013 at 18:40

Thank you ! That is really helpful. I am doing things very differently.. Sorry for giving a detailed version but just want to know if my strategy is correct well workable...1) my starting capital was 80 pounds - I decided to trade currencies with low movements such eurgbp, usdcad, audgbp.. I put on a trade with stop-loss at of 40 pounds simply using DMI/ADX - in the event of loss I would have lost 40 pounds 2) That trade became a winning trade and soon I was at 40 plus total capital at 120. I put on another trade in the same currency with a loss of 40 pounds again and shifted my other stop-...

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 29, 2013 at 06:39

Hi Gary,I do have a stop-loss at the moment but it is sufficiently far from the price level, it prevents me from going in a loss but I dont want to loose the accumulated profits. How do i decide where to place my stop-loss?Thanks,

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 28, 2013 at 21:45

anyone?? will be good to know how you deal with this..

I have been on a winning streak and now nervous to take new positions Yeni Traderlar içinde Jan 28, 2013 at 19:51

Hi Guys,I have just started trading (well spread betting) and I started with gbp 80 in november and now I am at gbp 600+; I am a newbie and I think i got lucky by being in and out of some good trades. Now I am getting slightly nervous of taking new positions. I dont want to feel too cocky and open new/bad positions and at the same time I dont want to be scared and not open any good trades (i think i am over-analyzing new potential trades...) How do you guys deal with this? any ideas?I trade on breakout patterns and normally hold on to my trades until the pattern is broken.. thats it, very simp...

EURUSD	1.12858	GBPUSD	1.32948	AUDUSD	0.63783
USDJPY	145.193	USDCAD	1.38156	USDCHF	0.83191

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