£50/pip eur/usd 5k account.

[kimo'sabby]

I agree yesterday was abnormal. (Look at the drop in gold for one thing).

If it's any consolation, I was also short EUR/USD :-(
(not with quite so high a leverage though).


I had been going to ask: what was the background to this?

Why the choice of so high a leverage?

I assume there was some particular reason.

Good question, MM.

Tbh mate, i wanted something a little less dull, and going by the 'norm' i still stand by my decision....except for the fact of a huge green daily...but this is reality.

Yesterdays daily move on the eurdol was probably the biggest this year, i chased it and got caught out, i hold my hands up.

Like i've said before, i'm really not into 'scalping' journals or 'here's one i did earlier' types,....there not worth sh!t in my opinion. They are just as unrealistic as the original topic of this journal in all honesty.

 

[diy_]

So for a beginner like myself, what's the difference between £5 per pip and £50 per pip? wouldn't the setups and the stops be the same or are we less careful with a fiver?

 

[Black Swan]

So for a beginner like myself, what's the difference between £5 per pip and £50 per pip? wouldn't the setups and the stops be the same or are we less careful with a fiver?

Try it for yerself and get back to us...:cheesy:

 

[counter_violent]

So for a beginner like myself, what's the difference between £5 per pip and £50 per pip? wouldn't the setups and the stops be the same or are we less careful with a fiver?

:idea: £45...

 

[spinola]

So for a beginner like myself, what's the difference between £5 per pip and £50 per pip? wouldn't the setups and the stops be the same or are we less careful with a fiver?

Enlightenment !


Now bend over and show us your starfish !

 

[montmorencyt2w]

So for a beginner like myself, what's the difference between £5 per pip and £50 per pip? wouldn't the setups and the stops be the same or are we less careful with a fiver?

The difference is that when price starts going against you rapidly, the losses (or reductions in profit) will grow much quicker.

Gets the pulse rate going.

 

[kimo'sabby]

Sorry about the delay guys and girls....but everyone needs a hol.

Something for the weekend.

Short 2950, stop 2300, target 2850.

I'm not going to waffle on, i'll just keep posting.

 

[counter_violent]

Sorry about the delay guys and girls....but everyone needs a hol.

Something for the weekend.

Short 2950, stop 2300, target 2850.

I'm not going to waffle on, i'll just keep posting.

Where's the stop ?

 

[kimo'sabby]

Where's the stop ?

You've passed the first test.....13k, got to keep people on thier toes

 

[counter_violent]

You've passed the first test.....13k, got to keep people on thier toes

Ta. Just to show i'm up to the task there thats better their

 

[N Rothschild]

:idea: £45...

r o f l

 

[kimo'sabby]

Ta. Just to show i'm up to the task there thats better their

Kinell mate, are you on speed tonite....? Ruthless!

 

[kimo'sabby]

In fact just sold some myself with a stop just above the high on that view, share the pain or the gain

Now i know we are in love. Selling the eurdol after 11 o'clock am that day was complete madness.

Why did i do it?

 

[arabianights]

who gives a ****?

why did I do it?

 

[kimo'sabby]

Friday...i'm in love. Sell new lows, 3045, stop 3060, target 2960.

 

[kimo'sabby]

Back on side. I'll leave the other trade on and buy 3050, 25 pt stop target 3125. Total risk, 40 pips.

 

[kimo'sabby]

i'll drop the buy at 3050 @ 3035 -15 and keep the short 3045 running.

 

[kimo'sabby]

I'll move th 3045 trade stop to be.

 

[brettus]

I'll move th 3045 trade stop to be.

are you still doing £50/pip

 

[kimo'sabby]

Based on the current sluggishness, 13k or 11am, is probably a more reasonable target for the 3045 trade.