Brewski Trades

[EnlightenedJoe]

Gold would have hit target if ...

Foroom's wood have club welcomes you.

 

[brewski1984]

Foroom's wood have club welcomes you.

It was just an update on what happened for people following and if I'd been stopped out I would have said that it would have been stopped out. I closed it due to NFP on Friday, the trade is closed and gone so it makes absolutely no difference to my account what it does now.

 

[brewski1984]

I'm looking at shorting DOW somewhere between 21970-22000 and buying gbp/usd around 1.29400.

Harsh, missed out on both those opportunities... seem to be missing the winners and picking the losers at the moment

 

[brewski1984]

I'll be looking to buy DAX under 12090

 

[brewski1984]

Don't usually try to catch falling knives but this is a decent buying opportunity... bought DAX 12062 stop 12025

Notice I didn't just buy at the level I stated or set an order, I waited until it got to the area of interest and watched what happened.

 

[brewski1984]

DAX target hit for ~+77.5

 

[brewski1984]

DAX gone mental why did I close :clap:

I'll be looking to short DAX somewhere above 12270 may as well rinse it both ways

 

[brewski1984]

Well this is boring

 

[brewski1984]

Got rinsed shorting usd/jpy, just shorted DAX as above... I'll post a screenshot later

 

[brewski1984]

Bought gbp/usd as well now, screenshot will be posted in a couple hours when I get on my computer.

 

[brewski1984]

OK screenshot attached, you can see the two trades that are open and the usd/jpy loss in the blotter so everything is genuine.

 

[brewski1984]

All I can see today is having another go at shorting usd/jpy from around the same area as yesterday, I'd really like to trade Oil but I don't have a sufficient account to have a wide enough stop with CMC minimum stakes of 50p a point. I'd have a guess a lot of people lose their accounts by thinking they can deposit a few hundred quid without realising 50p a point is too high risk for that size - they are set up to fail before they've even started.

 

[brewski1984]

DAX gone crazy and I'm taken out

 

[EnlightenedJoe]

DAX gone crazy and I'm taken out

Light weight.

 

[brewski1984]

Light weight.

My risk is controlled

 

[brewski1984]

Your position is a gamble. Have you factored in slippage?
My prediction : after 50 trades you'd be losing money or at best break even .

Explain why

 

[EnlightenedJoe]

Explain why

He's trying to say you need to use options. This guy is foroom V2.

 

[brewski1984]

Figured he was and I bet he doesn't give a decent reply either.

My prediction: after 50 trades he will be losing money

 

[brewski1984]

Target just hit on gbp/usd

 

[brewski1984]

Here's a few reasons;-

1. You are not hedging by using other instruments.

2. You have not factored in slippage .

3. You have not explained how to overcome a loosing position.

4. Your positions is a HEAD OR TAILS outcome. Similar to placing chips on black / red on roulette.

I love playing roulette