TheBramble
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EURAUD stop up to 2924
PL data for recently closed block of trades (EURAUD still open).
AUDJPY +78%
AUDUSD +84%
EURJPY +84%
EURUSD +178%
GBPJPY +66%
GBPUSD +72%
USDCAD +106%
USDJPY +132%
When I have plenty of time ahead of the trade I detail the stop and even the targets. My methods should be fairly clear by now.can you break one of these down, please? say EUR/USD: is +178% a percentage based on the original risk of the trade?
so 20 pips of risk yielded ~ 35 pips on EUR/USD drop?
For those interested in the P&L side of things rather (or as well as) the trading methods used, discounting the currently open EURAUD trade (when will I learn with this pair?) I’ve managed a gain of 853% against a loss of 200% on my standard risk of 2% per trade today. A nominal gain of 635%. Also need to take into account yesterday’s fun & games where I dropped a nominal 200%. Which means my running nominal P&L is +435% which equates to a real gain of 8.7% on my starting capital of yesterday.
Need to put it in context with yesterday's performance and average it out to barely Muppet levels of skill, but thanks anyway jon.nice trading, brambs
Need to put it in context with yesterday's performance and average it out to barely Muppet levels of skill, but thanks anyway jon.
Yeah, I've had a lot of experience with the former.no, all round I meant - yesterday about disciplined losing, today about taking profits (if you see what I mean)
A lot of your time, when you’re a big boy, is spent reading, researching, analysing and networking both in-house and with in-country sources. Thinking a couple of decades ahead is intense and intellectually stimulating work. But once a week typically, you’ll want to check your more mundane speculative holdings and potentially re-balance and adjust your portfolio. Wednesday/Thursday is a particularly good day for this and it also gives you an excuse to go into the office. There’s less traffic on the road and fewer of the great unwashed travelling in by train, and it means it doesn’t cut in to your long weekends. Midweek is also a popular shopping day for high-end totty which makes Mayfair an altogether more pleasant location to have to haul your immaculately tailored ass into.
Most portfolios do have an element of speculative FX and while it will be consisted primarily of futures, there is also a significant utilisation of spot to take both outrights and hedge. While we at the coal face sweat out every twitch to and fro, you only have to switch to a Daily chart, and imagine looking at that once every 5 bars or so, to get the idea of what they’re looking at too. Good time to add, take some off, wait for it to come back a bit (20 EMA? You’re kidding?). Hint #1: They don’t make life difficult for themselves. Hint #2: They mostly tend to think the same way.