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- HornedGod replied Sep 21, 2011
That wasn't a stop hunt. That was the market digesting today's FOMC statement. The USD/CHF spike yesterday wasn't stop hunting either. According to EBS it was a fat fingered trade (i.e. someone inputted the wrong trade).
- HornedGod replied Sep 20, 2011
Those trades were from a four month period - September 2010 to January 2011. I was indeed burning through a lot of pips and trades. It does not include any open trades I still had at the time; I think there were three with about 1000 pips of ...
- HornedGod replied Sep 20, 2011
I spent about four months keeping a Google spreadsheet. I'm with FXCM so I had to manually copy every position from the FXCM trade report into the spreadsheet. Manually data entry gets pretty boring darn fast. It was very handy to have. If you click ...
- HornedGod replied Feb 5, 2011
Sessions — I originally posted this on my blog but I thought it would be useful to post it here too. One of the questions that came up a while ago was: is one session better than another for attempting to get legs growing? For example, is ...
- HornedGod replied Jan 22, 2011
Setting up a forex VPS — I decided to take Graeme's suggestion to heart and go about weaning myself off looking at charts constantly. It was time to setup a VPS. Others here might be interested as to what's involved in getting one set up, so ...
- HornedGod replied Jan 8, 2011
Let's stick with a $500 account balance, since it looks close to what you had when these trades were put on. You say that you only want to risk 2% of your account if you had twelve losing trades. That equates to a 0.16% loss per entry, or $0.80. If ...
- HornedGod replied Jan 6, 2011
Your gearing looks to range between 2.8 and 8.6 per entry. That's pretty high, even for the low geared legs. A patch of losing trades could really eat into your account. What sort of risk of ruin or equity stop loss do you have in place?
- HornedGod replied Dec 27, 2010
There are basically five parts to BWILC, so I'll cover each in turn. 1. One currency pair. In BWILC, Dirk (du Toit) has you start with just one currency pair. You stick to just one until you know it inside and out. When you can profitably trade one ...
- HornedGod replied Dec 26, 2010
50:1 is still more than enough to do severe damage far faster than you would think possible. When I blew up all my open positions had me at 20:1. I was basically short USD across multiple pairs and then there was a dollar rally (of just a couple ...
- HornedGod replied Dec 25, 2010
I have a sneaking suspicion that you are over geared on your trades. I once used to look for 'just' 10% a month. I hit upon a 50% return in October 2007. By December 2007 I had crashed and burned. I thought I had my trade sizes in check; that my ...
- HornedGod replied Dec 23, 2010
MidKnight, from my experience the times during which the major market movements are made tends to slowly shift between the three major currency trading locales: Tokyo, London and New York. On any given day the main market move will take place during ...
- HornedGod replied Dec 22, 2010
Inevitability — Graeme, your post on inevitability could not have been better timed. I have been trading this method since early September. I jumped in the deep end, starting off with 9 currency pairs in my roster. Over the past number of ...
- HornedGod replied Oct 19, 2010
I threw my back out just over two years ago. It was NOT fun and something I didn't ever want to experience again: having to crawl on your stomach across the floor at about the speed of a snail while you're clenching your teeth in agony at every ...
- HornedGod replied Oct 19, 2010
I call hogwash. Basing your whole reasoning on this is building a house on quicksand. You don't need to know how the universe started to become a successful trader. You don't need to know about the big bang to work with probabilities and know that ...
- HornedGod replied Oct 19, 2010
Kevin, I think you have a fine approach to the market that looks to suit your lifestyle. Since you're looking at long term you don't mind sloppy entries and don't need to rush into the market at the drop of a hat. This means that you'll probably ...
- HornedGod replied Aug 14, 2010
First of all, thanks to Graeme for such a quality thread. I very rarely read forex forums anymore as the signal to noise ratio is so incredibly low. I'm glad I ran across this thread on one of my infrequent visits to FF. Graeme, I know that you keep ...
- HornedGod replied Dec 13, 2007
This is a great description of what it means to be a successful trader. How do you get that gut feeling? By gaining experience which takes hard work. To gain that experience you need to be able to stay in the game. This means that preserving your ...
- HornedGod replied Jul 23, 2007
The power of doing something as simple as this is really incredible. If you don't already have a 'mission statement' (to borrow a business term) that you focus and fixate on a daily basis, one that is burned into your subconcious and that you can ...
- HornedGod replied Jul 23, 2007
Thanks Jacko, sure does. I understand where you're coming from with trying to get people to raise their heads from being fixated on pure technical analysis. I generally limt my time browsing trading forums as the signal to noise ratio tends to be ...
- HornedGod replied Jul 22, 2007
Thanks to Jacko for rekindling such an interest in long-tern based trading underpinned by the fundamentals. One of his original comments about asking a five year old to show you the trend reminded me of a quote sometimes attibuted to Einstein: "If ...