Welcome everybody, let us first agree on thread main slogan: "Market is full of opportunities! we need a few of them"
#important: we appreciate other opinions that may have different look, and prove that some of our positions are wrong due to one or many reasons.
we all here to assist each other. when you secure me from the loss, you are the master.
This thread will be a record of my transactions on my broker available instruments, either currencies, indices, commodities or metals.
Thread Trading Method Taboos
all positions will not conflict with my following 8 taboos:
do not
1) sell immediately after breaking up,
2) buy immediately after breaking down
3) trade at abnormal trading times!
4) Add to a losing position unless trading philosophy depends on fracturing main entry Lot(Graded Lots/Graded pips).
5) Use market orders. (always use limit orders)
6) Stay in a position simply because you're already in it.
7) trade tested areas
8) Chase price.
I hope readers find this thread the "treasure" beyond their wildest dreams.
the main idea behind any opportunity is many technical analysis, and will be illsuatred in detail before putting a pending order. refer to our taboo #5 -- "do not use market orders"
Finally: our monthly target is 100% to 250%, our drawdown should be the minimal as possible. it should not exceed 37.5% under market extreme situations.
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Table of contents (to be organized later)
-we speak about multiplicative pairs and divisive pairs
-we speak about pip value General rule with examples
-we speak about smart indirect stop loss theory, demonstrated through practical example
-we speak about extreme and normal and idle cases for non-dollaric pairs(crosses)
-we speak about compound pair theory
-we speak about my six standards that signify a professional trader
-we speak about strength in diversification.
-we speak in short about trading news
-we speak about any pair speed or velocity.
Some Forex mathematical Basics:
any pair BBBQQQ, is composed of BBB as Base currency, and QQQ as the Quote currency
and assuming the Denominating currency to be DDD(usually for most brokers DDD = USD as an account currency)
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Pip Value Equation:
Therefore, for any pair BBBQQQ whatever is your broker, whatever the leverage, whatever the pair name, whatever the size of your position, etc... 1 Pip Value is:
PipValue = QQQDDD * Lots * ContractSize / 10^(Dc-Do)
where Dc is the number of digits after decimal, while Do is the number of digits omitted from right to left.
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Reserved Margin Calculations:
For any pair BBBQQQ whatever is your broker, whatever the leverage, whatever the pair name, whatever the size of your position, etc... Reserved Margin or simply Margin is:
Margin = ContractSize/Leverage*Lots*ZZZBBB*BBBDDD
Where ZZZBBB=1, for currencies, and it is the price of indices, stocks or commodoities,
Thread Rewards
later.
to make environment better and raise hopes of anyone seek a bit of hope.
