Classic FX

[Depth Trade]

Hey DT

Sorry it’s taken a while for me to get back to you..! I've been travelling constantly with business for the last 4 weeks. Only getting a chance to catch up with things today..!

Ok in regards to the question - Sun_wants, what are you using now for signaling your trades? What time frame and indicators are you using now?

Signaling is via the following route. Software that was personally developed with a friend that looks for stocks in the FTSE 100 that have been trending for either 50 Days or 100 Days and are approaching their 50 day EMA. Very simple stuff – no additional indicators other than a chanel defined by 95% of the price action. Either trending up or down. Following this I use the triple screen method described by Elder in his book 'trading for a living to look for a suitable entry, defining a profit target at approx 75% of the channel.

This is combined with day trading either major indices or Forex Pairs based on candle stick formations and EMA's. so similar to above but in a much shorter timeframe. Total exposure on any day is set at a maximum of 6% of the trading account, considering all open positions.

Over the last few weeks positions I have traded include - OXB (Long), XAUUSD (Long), GILTJUN (long)& RUS2000 (Short) all through a spreadbetting account with CMC. Have stuck away from Day trades for last 3/4 weeks due to work schedule. Had a reasonable trading period but still finding it difficult to let winners run...

Hello Sun_wants, I'm glad to see your back.

Well, I guess the real questions are,where are your s/ls at. If you end up putting on a position using 6% and get caught up in the market, one needs to know where there exit is going to be or else the position could become unmanageable quickly. If your using the immediate previous price as S/L and having your risk per-trade around 1%, I think you could have a semi-save strategy, if used in Indexes or commodities (no FX) only.

Sun, did you happen to look over my positioning the last few weeks using the 'Ichimoku' on a 30min. chart? I know my positioning made money, think if you look over the charts, one could have 'cherry picked' better entrances.

..as far as your post is concerned, if your asking me, trade your strategy long silver only.

If you want to trade currency, I would advise you open an account with me. When your busy working, I can position your funds. When you have spare time, you just call me and I allocate your funds back to you and you can begin trading with the assurance of a professional by your side.

The only issue I mainly see with your current strat. is that it forces you into trades since your trading products with lower volume at times, this can alter charts and creates a 'time window' which your hoping to position within. If you come trade with me, you'll have more opportunities.




Live Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 1-mar-08
Week End Date 6-Mar-08
# Weeks 8
USD Start of Week 1011.63
USD Ending Amount 1021.82
P/L for Week $ 10.21
P/L % for Week 1.01%
Profit since Start $ 21.82
Profit % since Start 2.18%
Expected ROI yearly 14.18%



DT



attached is what I thought your were looking at.

 

[oilfxpro]

D T

What are your expected annual returns on a £5k account?

Just curious ! No motive behind question

OILFXPRO

 

[Depth Trade]

D T

What are your expected annual returns on a £5k account?

Just curious ! No motive behind question

OILFXPRO

Hello Oilfxpro, feel free to post on here whenever you want to.

Umm, about $1,000.00

Want to start trading alongside me?


DT




Live Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 1-mar-08
Week End Date 6-Mar-08
# Weeks 8
USD Start of Week 1011.63
USD Ending Amount 1021.82
P/L for Week $ 10.21
P/L % for Week 1.01%
Profit since Start $ 21.82
Profit % since Start 2.18%
Expected ROI yearly 14.18%

 

[oilfxpro]

Hello Oilfxpro, feel free to post on here whenever you want to.

Umm, about $1,000.00

Want to start trading alongside me?


DT




Expected ROI yearly 14.18%

D T

You seem to be doing an honest job.My commitments forbid me to trade manually and sit infront of a screen all day

I seem to know mechanical strategies that bring about 30% per annum with a 30 % drawdown

OILFXPRO

OILFXPRO

 

[Depth Trade]

D T

You seem to be doing an honest job.My commitments forbid me to trade manually and sit infront of a screen all day

I seem to know mechanical strategies that bring about 30% per annum with a 30 % drawdown

OILFXPRO

OILFXPRO

Hey, your 30% drawdown seems way to big. What is your risk % per trade? How many trades do you think it would take to reach your Max DD?


DT

 

[Depth Trade]

Hey, your 30% drawdown seems way to big. What is your risk % per trade? How many trades do you think it would take to reach your Max DD?


DT

I imagine you must be risking about 5% ?, that would be way to big.


DT

 

[sun_wants]

Hello Sun_wants, I'm glad to see your back.

Well, I guess the real questions are,where are your s/ls at. If you end up putting on a position using 6% and get caught up in the market, one needs to know where there exit is going to be or else the position could become unmanageable quickly. If your using the immediate previous price as S/L and having your risk per-trade around 1%, I think you could have a semi-save strategy, if used in Indexes or commodities (no FX) only.

Sun, did you happen to look over my positioning the last few weeks using the 'Ichimoku' on a 30min. chart? I know my positioning made money, think if you look over the charts, one could have 'cherry picked' better entrances.

..as far as your post is concerned, if your asking me, trade your strategy long silver only.

If you want to trade currency, I would advise you open an account with me. When your busy working, I can position your funds. When you have spare time, you just call me and I allocate your funds back to you and you can begin trading with the assurance of a professional by your side.

The only issue I mainly see with your current strat. is that it forces you into trades since your trading products with lower volume at times, this can alter charts and creates a 'time window' which your hoping to position within. If you come trade with me, you'll have more opportunities.




Live Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 1-mar-08
Week End Date 6-Mar-08
# Weeks 8
USD Start of Week 1011.63
USD Ending Amount 1021.82
P/L for Week $ 10.21
P/L % for Week 1.01%
Profit since Start $ 21.82
Profit % since Start 2.18%
Expected ROI yearly 14.18%



DT



attached is what I thought your were looking at.

Yes - hopefully the next few weeks will offer me more time to spend on my trading

No didn't get a chance to follow the positions unfortunately. I don't have access to Ichimoku charts on the spreadbetting platform that I use - CMC Markets. Question here is do you trade via spreadbetting or another method..? I'm trying to find the best vehicle to use...

On this note thinking of subscribing to Sharescope as trading tool - any thoughts? Any alternatives worth considering?

Ok so in terms of my strategy the total I'm exposed considering all positions is a maximum of 6% at any one time. However if I only have one position open I will not trade 6% of the account. Any one position is a maximum of 1%.

Stop losses are based on a point past near term support or resistance, and before entering any position I make 120% sure that I've already defined the S/L as well as Profit target. That is the main basis behind my position sizing (in terms of pounds per point). Risk to reward ratio's I tend to look for are at least 2:1.

Honestly although I like the basics of my current strategy I think its got a very very long way to go before I would consider it a full trading strategy. Any advice offered is very gratefully received. My main remit has been to try and keep anything as simple as possible - that’s why in terms of its limited to EMA's and MACD. I measure performance over 6 month periods and looking at the last 3 it goes -12%, 42%, -23%... I think I suffer with my consistency massively...

I do like the look of your strategy and it does look to provide a very stable platform to trade from for any forex trades. Currently I'm so committed to a number of things outside of trading that I don't think the timings are right to open a new account as I would want to be fully involved. All being well just after the summer I may well take you up on this offer...

Cheers
Sun_wants..

 

[Depth Trade]

Have entered the following positions.


Aud/usd: short .9263 1

Usd/cad: long .9913 2

Usd/mxn: limit long 10.8215



Live Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 1-mar-08
Week End Date 6-Mar-08
# Weeks 8
USD Start of Week 1011.63
USD Ending Amount 1021.82
P/L for Week $ 10.21
P/L % for Week 1.01%
Profit since Start $ 21.82
Profit % since Start 2.18%
Expected ROI yearly 14.18%



DT

Sun_wants, please give me time to respond to your post.
Have exited positions.


Aud/usd: out at .9422 6

Usd/cad: out at .9859

Usd/mxn: out at 10.7705



Live Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 8-mar-08
Week End Date 14-Mar-08
# Weeks 8
USD Start of Week 1021.82
USD Ending Amount 1017.86
P/L for Week $ -4.05
P/L % for Week -0.3963%
Profit since Start $ 17.86
Profit % since Start 1.79%
Expected ROI yearly 11.61%



DT

 

[Depth Trade]

I am holding zero positions this week.



Live Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 8-mar-08
Week End Date 14-Mar-08
# Weeks 8
USD Start of Week 1021.82
USD Ending Amount 1017.86
P/L for Week $ -4.05
P/L % for Week -0.3963%
Profit since Start $ 17.86
Profit % since Start 1.79%
Expected ROI yearly 11.61%



DT

 

[Depth Trade]

Have entered the following positions.


Eur/chf: short 1.5668 8

Eur/jpy: short 156.61 9



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 8-Mar-08
Week End Date 15-Mar-08
# Weeks 9
USD Start of Week 1022.00
USD Ending Amount 1017.85
P/L for Week $ -4.15
P/L % for Week -0.41%
Profit since Start $ 17.85
Profit % since Start 1.79%
Expected ROI yearly 10.31%



DT

 

[Depth Trade]

Have entered the following positions.


Eur/chf: short 1.5668 8

Eur/jpy: short 156.61 9



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 8-Mar-08
Week End Date 15-Mar-08
# Weeks 9
USD Start of Week 1022.00
USD Ending Amount 1017.85
P/L for Week $ -4.15
P/L % for Week -0.41%
Profit since Start $ 17.85
Profit % since Start 1.79%
Expected ROI yearly 10.31%



DT

Have exited all positions.


Eur/chf: out at 1.5592

Eur/jpy: out at 154.41



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 15-Mar-08
Week End Date 20-Mar-08
# Weeks 10
USD Start of Week 1017.85
USD Ending Amount 1098.41
P/L for Week $ 80.56
P/L % for Week 7.91%
Profit since Start $ 98.41
Profit % since Start 9.84%
Expected ROI yearly 51.17%




DT

 

[Depth Trade]

Have entered the following positions.


Eur/jpy: short 155.20 6

Usd/cad: long 1.0183 5



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 15-Mar-08
Week End Date 22-Mar-08
# Weeks 10
USD Start of Week 1017.85
USD Ending Amount 1098.23
P/L for Week $ 80.38
P/L % for Week 7.90%
Profit since Start $ 98.23
Profit % since Start 9.82%
Expected ROI yearly 51.08%

 

[Depth Trade]

Have entered the following positions.


Eur/jpy: short 155.20 6

Usd/cad: long 1.0183 5



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 15-Mar-08
Week End Date 22-Mar-08
# Weeks 10
USD Start of Week 1017.85
USD Ending Amount 1098.23
P/L for Week $ 80.38
P/L % for Week 7.90%
Profit since Start $ 98.23
Profit % since Start 9.82%
Expected ROI yearly 51.08%

Have entered a third position.


Gbp/usd: short 1.9851



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 15-Mar-08
Week End Date 22-Mar-08
# Weeks 10
USD Start of Week 1017.85
USD Ending Amount 1098.23
P/L for Week $ 80.38
P/L % for Week 7.90%
Profit since Start $ 98.23
Profit % since Start 9.82%
Expected ROI yearly 51.08%

 

[Depth Trade]

Have exited positions at the following prices. (was not able to login last night to update at time of exit)



Eur/jpy: out at 155.63 5

Gbp/usd: out at 1.9890

Usd/cad: out at 1.0115 6



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 22-Mar-08
Week End Date 29-Mar-08
# Weeks 11
USD Start of Week 1098.23
USD Ending Amount 1053.17
P/L for Week $ -45.05
P/L % for Week -4.10%
Profit since Start $ 53.17
Profit % since Start 5.32%
Expected ROI yearly 25.13%

 

[Depth Trade]

Have entered the following positions.



Usd/cad: long 1.0179 5

Usd/chf: long 1.0073

Gbp/usd: short 2.0046 5

Aud/usd: short .9162

Eur/usd: short 1.5631 3

Eur/jpy: short 156.25 5



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 22-Mar-08
Week End Date 29-Mar-08
# Weeks 11
USD Start of Week 1098.23
USD Ending Amount 1053.17
P/L for Week $ -45.05
P/L % for Week -4.10%
Profit since Start $ 53.17
Profit % since Start 5.32%
Expected ROI yearly 25.13%

 

[Depth Trade]

Have entered the following positions.



Usd/cad: long 1.0179 5

Usd/chf: long 1.0073

Gbp/usd: short 2.0046 5

Aud/usd: short .9162

Eur/usd: short 1.5631 3

Eur/jpy: short 156.25 5



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 22-Mar-08
Week End Date 29-Mar-08
# Weeks 11
USD Start of Week 1098.23
USD Ending Amount 1053.17
P/L for Week $ -45.05
P/L % for Week -4.10%
Profit since Start $ 53.17
Profit % since Start 5.32%
Expected ROI yearly 25.13%

Wow, that was an incredibly bad week. I had attempted to 'cheery pick' my own strategy, but did so risking too much per trade during a week that would not have paid me anyway.

Have exited all positions.



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 22-Mar-08
Week End Date 29-Mar-08
# Weeks 11
USD Start of Week 1098.23
USD Ending Amount 991.18
P/L for Week $ -107.05
P/L % for Week -9.75%
Profit since Start $ -8.82
Profit % since Start -0.88%
Expected ROI yearly -4.17%

 

[Depth Trade]

Have entered the following positions.


Aud/usd: long .9178

Gbp/usd: long 1.9950

Xag/usd: long 17.965

Usd/cad: short 1.0221 5

Usd/chf: short .9946 5



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 22-Mar-08
Week End Date 29-Mar-08
# Weeks 11
USD Start of Week 1098.23
USD Ending Amount 991.18
P/L for Week $ -107.05
P/L % for Week -9.75%
Profit since Start $ -8.82
Profit % since Start -0.88%
Expected ROI yearly -4.17%

 

[Depth Trade]

Have entered the following positions.


Aud/usd: long .9178

Gbp/usd: long 1.9950

Xag/usd: long 17.965

Usd/cad: short 1.0221 5

Usd/chf: short .9946 5



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 22-Mar-08
Week End Date 29-Mar-08
# Weeks 11
USD Start of Week 1098.23
USD Ending Amount 991.18
P/L for Week $ -107.05
P/L % for Week -9.75%
Profit since Start $ -8.82
Profit % since Start -0.88%
Expected ROI yearly -4.17%

Exited position at the following prices, except Xag position.



Aud/usd: out .9212 9

Gbp/usd: out 1.9758 1

Usd/cad: out 1.0311

Usd/chf: out 1.0081 4


Have entered the following positions.


Aud/usd: long .9233 3

Xag/usd: long 17.8225

Usd/cad: short 1.0079 8

Usd/mxn: short limit 10.567

Usd/sgd: short 1.3798 7

Eur/aud: short 1.7038 5

Eur/cad: short 1.5867 3

Eur/gbp: short .7889 6



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 29-Mar-08
Week End Date 3-Apr-08
# Weeks 12
USD Start of Week 991.18
USD Ending Amount 976.26
P/L for Week $ -14.92
P/L % for Week -1.51%
P/L since Start $ -23.74
P/L % since Start -2.37%
Expected ROI yearly -10.29%

 

[Depth Trade]

Exited position at the following prices, except Xag position.



Aud/usd: out .9212 9

Gbp/usd: out 1.9758 1

Usd/cad: out 1.0311

Usd/chf: out 1.0081 4


Have entered the following positions.


Aud/usd: long .9233 3

Xag/usd: long 17.8225

Usd/cad: short 1.0079 8

Usd/mxn: short limit 10.567

Usd/sgd: short 1.3798 7

Eur/aud: short 1.7038 5

Eur/cad: short 1.5867 3

Eur/gbp: short .7889 6



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 29-Mar-08
Week End Date 3-Apr-08
# Weeks 12
USD Start of Week 991.18
USD Ending Amount 976.26
P/L for Week $ -14.92
P/L % for Week -1.51%
P/L since Start $ -23.74
P/L % since Start -2.37%
Expected ROI yearly -10.29%

Have exited the following positions. Still holding Usd positions though.



Eur/aud: out at 1.7038 5

Eur/cad: out at 1.5853 9

Eur/gbp: out at .7889 6



Depth Trade Results
Start Date Jan-14
Deposit Amount 1000.00
Week Start Date 29-Mar-08
Week End Date 3-Apr-08
# Weeks 12
USD Start of Week 991.18
USD Ending Amount 976.26
P/L for Week $ -14.92
P/L % for Week -1.51%
P/L since Start $ -23.74
P/L % since Start -2.37%
Expected ROI yearly -10.29%

 

[sun_wants]

Hey DT

Looks like you've had a couple of tough weeks....

Found any lack of direction has been damaging my own trading... down about 4.5% over last 10 days...

currently only holding two positions short eurjpy - 160.74 & Long Gilt Jun - 110.41