My Live trades

[wirraltraders]

you sold at what price?

 

[scose-no-doubt]

I didn't sell I just wanted to check that you just got long at 15835

 

[wirraltraders]

yes I did and bought eur/usd and aud/usd as well all with smaller postion sizes

 

[scose-no-doubt]

I need to get a new sb broker

 

[wirraltraders]

I need to get a new sb broker

Why?

 

[wirraltraders]

Why?

Cable went down to 15918 I thought I was little late in to be honest

 

[wirraltraders]

Going ok so far +20 pips up on cable, +11 on fiber and -15 on aussie will adjust SL as we go when prudent to do so

 

[Scotty2Cues]

dont you mean you bought cable at 15935 not 15835?

 

[Black Swan]

dont you mean you bought cable at 15935 not 15835?

Scotty....!!

 

[wirraltraders]

I didn't sell I just wanted to check that you just got long at 15835

Sorry I see the typo! put an 8 instead of a 9 - but then I guess most people will have realised that

 

[wirraltraders]

Scotty....!!

Of course I do - ive just apologised for the typo and I'll edit the post accordingly

 

[wirraltraders]

Of course I do - ive just apologised for the typo and I'll edit the post accordingly

In too much of a hurry all the time

 

[wirraltraders]

Scotty....!!

For the avoidance of doubt, Here is the follow up post after I took the trade.

Cable went down to 15918 I thought I was little late in to be honest

This ok with you? Best recommend this one too in the spirit of fair play also it would demonstrate to everyone you are definitely not mean-spirited- what do you think?

 

[wirraltraders]

Resetting SLs to 125 on each for volatility - as previously posted at the beginning of the trade, multiple trades are taken on a reduced postion size each. In this case thats 1/3 position each. Will readjust as soon as is prudent to do so..

 

[scose-no-doubt]

Resetting SLs to 125 on each for volatility - as previously posted at the beginning of the trade, multiple trades are taken on a reduced postion size each. In this case thats 1/3 position each. Will readjust as soon as is prudent to do so..

Well that's not strictly true when you consider the correlation between "risk" currencies.

 

[wirraltraders]

Sorry I thought one third of 1 was a third of 1? Could explain where the margin requirement changes according to the currency you trade. Anway please explain your take on "the correlation between "risk" currencies"

 

[brettus]

Well that's not strictly true when you consider the correlation between "risk" currencies.

I think he just means that because hes opened 3 trades at once, all in the same direction against dollar, whether that makes a difference or not. He allocates only a third of his normal position size to each currency pair. So if he usually trades 300k, he did 100k for each. I think it's pretty simple. EURUSD and GBPUSD are risk based currencies, but AUDUSD is it's own animal.

 

[wirraltraders]

Anyone notice that Aussie is a commodities currency? Oil has just taken off upwards....

 

[wirraltraders]

Good job I said that as I very much doubt whether he would have done...

 

[brettus]

Anyone notice that Aussie is a commodities currency? Oil has just taken off upwards....

Aussie is a commodity based currency. I actually correlate it to GOLD though.