I'm canceling the STOP right now on the recently triggered trade The original stop on the original opening trade remains as-is. All done live of course.
are you trading Eurusd futures? long @ 1.0042 stop @0.9860 ie max loss = 182 ticks or $2275 per lot =$227 500 for 100 lots I guess you are targeting reward: risk ratio of > 3:1 so your target profit is > $670 000 That looks fantastic. best wishes !!! 1 tick = $12.50 margin requirement : $3000 * 100 lots= $300 000
see post #32 by Maxinger are you trading Eurusd futures? long @ 1.0042 stop @0.9860 ie max loss = 182 ticks or $2275 per lot =$227 500 for 100 lots I guess you are targeting reward: risk ratio of > 3:1 so your target profit is > $670 000 That looks fantastic. best wishes !!! 1 tick = $12.50 margin requirement : $3000 * 100 lots= $300 000 Last edited: Today at 8:47 AM Last edited: Today at 8:47 AM #32 Today at 8:38 AM Share
Summary: 300 Lots in Long in total. Only the 1st & 3rd Long entries have a STOP. The 2nd Long entry whose Stop was canceled still has no STOP. ------------------------------- Title: ...... I'm Long 0.9906 Stop 0.9860 post #10 ..... EurUsd LONG 100 Lots @ 1.0032 pending not yet triggered, STOP = 0.9964 canceled in post #13 post #23 ..... Stop for original entry Long changed from 0.9860 to 0.9909 post #28 ..... EurUsd Long Live entry at 9:20 PM Pacific time ..... LONG 100 Lots @ 1.0042 not yet triggered. STOP = 0.9941. Trade got triggered later ............. post #31 ..... canceled the STOP on Long entry in Post #28. post #34 ..... Long EurUsd 100 Lots 0.9968 Stop = 0.9939 Do the Math amigos ................. the 2nd trade for which I removed the STOP and still has no stop is showing a loss of how much? Loss = ? For Maxinger this is a yuge catastrophic loss, which therefore tells of his bankroll size and level of play. More on this later. Let's wait for the trade to either be over or get underway in earnest. Then we can take it apart. Now read Maxinger's post #32 reprinted above in post #33 again and something you don't know, his posts don't show up when I log in. He is not on my Ignore List. I see his posts Only offline. I purposley have not put him on Ignore just yet. You will see why soon enough. Be patient, it will be quite rewarding All Maxinger's posts have been photgraphed. Combine with the fact that he is not on Ignore. Yeah! Welcome to Pfizer.
Stay alert for the Euro Minor Wave or intermediate Wave bull run continuing from where I first got into the trade with trade #1 Long. DX has turned but super bullishness as expected is holdingn the move up. Once DX dumps his load, euro will rocket and so will SPX - a twofer for me. We have a Wave 1 up on 1H timeframe and now an ongoing Wave 2 down. Next up is Wave 3 of the sequence. Everythng needed for evaluation is in this thread. Date/Time stamp cannot be argued with.
All 3 trades showing nice red, red, red losses, unrealized, as all 3 positions are still OPEN. Summary: Ongoing unrealized losses on 3 short trades piling up
EurUsd approaching one of the last lines of defense at 78.6% Fibo level. Will it halt Wave C down? Hehehe? RSI at 22 nose down almost vertical.