Classic FX

[Crap Buddist]

Pips are meaningless.

I'm also honlding Eur/CZk and currently up + 1,240 pips in two days < meaningless.

The only thing that matters is my percentage, which only - 2.862 %

Rav, try trading as many positions as I have already on this thread and see where you end up, highly doubtful you could do better.

DT
🙂

DT why not just managed one position and pair & specialise in it ? if your ending up as is juggling etc. Do you have to trade as many pairs ,seems like spinning plates on sticks ,why not snooze in a hedgerow with one eye open and a fat finger ready to prod?

 

[Depth Trade]

🙂

 

[Depth Trade]

I do only trade and specialize in one 'thing', that being my formula.

It's one trade diversified.

I have different 'Flys' for all the major currencies, the problem is that since everyone trades in such a simplistic fashion the formula has trouble trading due to biased trends driven by interest rates.

DT
🙂

 

[Depth Trade]

Have entered following positions.

Total position value is 89.907 % of account balance.
Margin used is 1.798 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Gbp 33.255 %
Price 1,9655.5

Jpy 33.320
Price 119,24

Chf 33.231 %
Price 1,2223


Classic FX

- 2.862 %
Account value.

- 2,4444 Pips
Gained & lost.

(start date 22/09/06)
🙂

*Have added to Gbp and Chf positions.

Total position value is 149.983 % of account balance.
Margin used is 3.00 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Gbp 40.138 %
Price 1,9655.5 T/P 1,9655.5
*Price 1,9776

Jpy 20.016 %
Price 119,24

Chf 39.979 %
Price 1,2223 T/P 1,2223
*Price 1,2163


Classic FX

- 2.862 %
Account value.

- 2,4444 Pips
Gained & lost.

(start date 22/09/06)
🙂

 

[Depth Trade]

Quote:
Originally Posted by Depth Trade
Have entered following positions.

Total position value is 89.907 % of account balance.
Margin used is 1.798 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Gbp 33.255 %
Price 1,9655.5

Jpy 33.320
Price 119,24

Chf 33.231 %
Price 1,2223


Classic FX

- 2.862 %
Account value.

- 2,4444 Pips
Gained & lost.

(start date 22/09/06)

*Have added to Gbp and Chf positions.

Total position value is 149.983 % of account balance.
Margin used is 3.00 % of account balance.

Position % value of each pair, in relation to overall position value.

Short versus the Usd:

Gbp 40.138 %
Price 1,9655.5 T/P 1,9655.5
*Price 1,9776

Jpy 20.016 %
Price 119,24

Chf 39.979 %
Price 1,2223 T/P 1,2223
*Price 1,2163


Classic FX

- 2.862 %
Account value.

- 2,4444 Pips
Gained & lost.

(start date 22/09/06)
Have exited all positions.

Out at:
Gbp 1,9826 & 1,9853

Jpy 119,24.6

Chf 1,2223 & 1,2074



Classic FX

- 3.363 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Market Dictation

The markets are to become complicated beyond what is calculable.

Free money only exists until capital flows become equalized, this will happen when people realize the obvious profitable positions they could be holding. When people start piling to these positions, the positions will then become weak, because it will open up 'Stoploss hunting' do to discreptencies between what is likley probable to happen and what 'is' happening.

Example: Gbp/Chf is moving up.

Gbp is technically the profitable currency held long, do to interest rates.
At the same time though, major players know where the relevent S/L will be placed accociated with any positions held do to interest rates.

Major players watching volume and cross referencing with 'Interest rate probable direction' are able to be 'Side lined' until markets 'Stop out' positions, lose momentum, then enter positions in probable direction after market participants have exausted position volume.

Example: Gbp/Chf
In an upward tend, major players could see where Stops are placed. See stops hit, then enter long after all Majority of original buys were covered.

(meaning) Watching volume and positioning, one could see when there is no more sellers cover there original buys.
..So one would know there is no more sellers likely because all the original buys have been sold, hence the market can only rise.


All responses, comments, critisism welcome




Classic FX

- 3.363 %
Account value.

(start date 22/09/06)


DT
🙂

 

[Depth Trade]

Have entered following orders.

Usd/cad: sell 1.08916

Usd/cny: sell 7.6705


PreEmptive Investments
$ Index: .92289
last week: .92542




Classic FX

- 3.363 %
Account value.

(start date 22/09/06)

 

[Depth Trade]

Have entered following orders.

Usd/cad: sell 1.08916

Usd/cny: sell 7.6705


PreEmptive Investments
$ Index: .92289
last week: .92542




Classic FX

- 3.363 %
Account value.

(start date 22/09/06)

Usd/cad order executed.

short 1.0891 6

M.U: 0.603 %
P.V: 30.167 %



Classic FX

- 3.363 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Usd/cad order executed.

short 1.0891 6

M.U: 0.603 %
P.V: 30.167 %



Classic FX

- 3.363 %
Account value.

(start date 22/09/06)
🙂

Have exited Usd/cad position.

Usd/cad
Out at 1.0798 3



Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Have entered following orders.

Usd/cad: sell 1.08081

Usd/mxn: sell 10.8125

Usd/cny: sell 7.6584


PreEmptive Investments
$ Index: .922309
last week: .92289




Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)

 

[Depth Trade]

Have entered following orders.

Usd/cad: sell 1.08081

Usd/mxn: sell 10.8125

Usd/cny: sell 7.6584


PreEmptive Investments
$ Index: .922309
last week: .92289




Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)

Usd/cad order has been executed.

Usd/cad: short 1.0808 1

P.V. 29.943 %
M.U. 0.598 %



Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)
🙂

 

[The Pearl Fisher]

Usd/cad order has been executed.

Usd/cad: short 1.0808 1

P.V. 29.943 %
M.U. 0.598 %



Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)
🙂

Hi, Depth Trade.


That was an amazing trade entry yesterday. Excellent.

 

[Depth Trade]

Hi, Depth Trade.


That was an amazing trade entry yesterday. Excellent.

Thankyou Pearl Fisher for the positive feed back.

Please continue to watch PEI, there have been serious modifications to my strategy.

I have just realized after plus two years of trading my strategy, that the requests for qoutes I was basing my math off of was being rounded up slighty. I realized this after entering by hand into a calculator then comparing the quote to what my charts where showing me; a huge discreptency between prices shown on quote and actual price accociated with my formula.

...So on this thread I show being down about -3.0%, but since my epighany I have regained 0.5% in less than two weeks. Everything going as planned, I will knock out my loss in a matter of weeks and will never look back.

Anyone, please feel free to comment or question any of the previous discussion.

DT
🙂

 

[Depth Trade]

Have entered following orders.

Usd/cad: sell 1.08081

Usd/mxn: sell 10.8125

Usd/cny: sell 7.6584


PreEmptive Investments
$ Index: .922309
last week: .92289




Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)

Usd/mxn order has been filled.

Usd/mxn: short 10.8125

Usd/cad: short 1.0808 1


P.V. 44.751 %
M.U. 1.193 %



Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Usd/mxn order has been filled.

Usd/mxn: short 10.8125

Usd/cad: short 1.0808 1


P.V. 44.751 %
M.U. 1.193 %



Classic FX

- 3.1043 %
Account value.

(start date 22/09/06)
🙂

Have exited Cad & Mxn positions.

Usd/cad: out at 1.0619 3

Usd/mxn: out at 10.7212 5



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Have entered following orders.


Usd/cad sell: 1.0613 5

Usd/mxn sell: 10.7352 5

Usd/cny sell: 7.6514

Eur/usd buy: 1.3445 9



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂



Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_an...vot_points/pivot_points_summary_200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

 

[Depth Trade]

Have entered following orders.


Usd/cad sell: 1.0613 5

Usd/mxn sell: 10.7352 5

Usd/cny sell: 7.6514

Eur/usd buy: 1.3445 9



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂

Cad and Eur orders filled.


Usd/cad: short 1.0613 5

Eur/usd: long 1.3445 9



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Have entered following orders.


Usd/cad sell: 1.0613 5

Usd/mxn sell: 10.7352 5

Usd/cny sell: 7.6514

Eur/usd buy: 1.3445 9



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂

Mxn, cad, eur orders have been filled.

Mxn: short 10.7352 5

Cad: short 1.0613 5

Eur: long 1.3445 9




Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂

 

[Depth Trade]

Mxn, cad, eur orders have been filled.

Mxn: short 10.7352 5

Cad: short 1.0613 5

Eur: long 1.3445 9




Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂

Have exited Mxn position.

Usd/mxn: out at 10.8497 5


Currently holding Cad & Eur positions.



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)


Economy(link)


Bank of England Keeps Main Interest Rate at Six-Year High of 5.5 Percent The Bank of England left its benchmark interest rate unchanged at a six-year high, giving four previous increases time to slow inflation.

British Housing Market Isn't Overvalued, Former Policy Maker Nickell Says The U.K. housing market is not overvalued and prices may increase further in the next few years because of a shortage of properties, former Bank of England policy maker Stephen Nickell said.

U.S. Initial Jobless Claims Unexpectedly Fell 1,000 to 309,000 Last Week The number of Americans filing first- time claims for state unemployment benefits fell unexpectedly last week, pointing to a resilient labor market.

New Zealand Unexpectedly Raises Its Key Interest Rate to Record 8 Percent New Zealand's central bank unexpectedly raised its benchmark interest rate a quarter point to a record 8 percent, saying housing demand and consumer spending are fanning inflation. The currency rose to a 22-year high.

China's Trade Surplus May Stoke U.S. Tension Over Yuan, Dangerous Exports China's trade surplus probably grew 50 percent in May from a year earlier, fueling tension with the U.S. over claims that the yuan is undervalued.

Australia's Employment Soars Four Times as Fast as Economists Estimated Australian employment increased four times as much as expected in May, worsening a labor shortage that may force the central bank to raise interest rates to ward off inflation. The nation's currency climbed.

Live news
http://www.bloomberg.com/tvradio/tv/

Forex news
http://www.forexnews.com/

Free charting
http://www.ino.com/
http://www.futuresource.com/

Economic calendar
http://www.gftforex.com/resources/calendar/calendar.asp

Pivot points
http://www.actionforex.com/forex_ana..._200603205734/

Hours
http://www.timeanddate.com/worldclock/
http://www.worldmarkethours.com/Forex/index.htm

 

[Depth Trade]

Have entered following orders.


Usd/cad sell: 1.0613 5

Usd/mxn sell: 10.7352 5

Usd/cny sell: 7.6514

Eur/usd buy: 1.3445 9



Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)🙂
QUOTE]

Currently holding Cad & Eur positions.

Usd/cny price was meet, but order was 'auto' cancelled due to S/L being close.

Classic FX

- 2.3603 %
Account value.

(start date 22/09/06)
🙂