Forex Trading: Any of these 10 Cross Rates

Discussion in 'Forex' started by increasenow, Dec 2, 2009.

  1. as I answered the last cat...I am "the right age at the right time...got grey in my hair though"...
     
    #51     Dec 4, 2009
  2. okay...here it goes...I've got 8 (yes, 8) open positions (some short and some long) currently in the following crosses:

    USD/CAD
    USD/CHF
    GBP/USD
    EUR/USD
    GBP/JPY
    EUR/JPY
    NZD/USD
    AUD/USD

    *will hold over the weekend
    *looking to expose key divergences (playing off the long/short combos) and bank profits this coming Sunday night or Monday morning...currently...I am down -40 pips or so...right now
     
    #52     Dec 4, 2009
  3. TheMan

    TheMan

    sounds like a good plan CAT:cool:

    :confused: :confused:
     
    #53     Dec 4, 2009
  4. currently only down -31 pips...being real
     
    #54     Dec 4, 2009
  5. TheMan

    TheMan


    way to go

    looking good
     
    #55     Dec 4, 2009
  6. I go into the weekend down -32 pips...looking 4ward to much Forex study over the weekend...you?
     
    #56     Dec 4, 2009
  7. tqk101

    tqk101

    I though you were shorting Aussie and Sterling, shouldn't you get like 100pips today? I short EURUSD since yesterday @ 1.5094, 250pips so far :D Good trading
     
    #57     Dec 4, 2009
  8. Inka-dinka-dooster,

    You misunderstand my intentions. I am fixing to start my very own first thread here at ET and it will deidicated to unpikering myself. I was looking to you for advice. But that is ok, I understand that you may not have time for the likes of me. I am thinking a $200 starting line would be sufficient. I am in the process of hammering out my money management rules. I want to be able to keep levering up if my profits pile up like arctic snow, and I want to be able to last at least 30 days if my money melts like arctic snow dropped on Miami Beach. I think I have it figured out.

    Thank you for the inspiration. Get ready for my "High Energy rock n roll shoot em up Bang Bang as I go from Forex Piker to Prince (or Pauper) surviving at least 30 days with no more than a max 98% draw down thread."

    It's gonna be a swinging good place, cat.
     
    #58     Dec 5, 2009
  9. Another question - I trade with a UK broker, so I can still swing 200:1 leverage. Inky, you say 100:1 is minimum to not be a piker, right?

    But here's my question: If 100:1 is good, wouldn't 200:1 be even better?

    So, should my "High Energy Forex Bang to Blow Up" thread be based on 100:1, or should I really bang it out full throttle at 200:1?
     
    #59     Dec 5, 2009
  10. tqk101

    tqk101

    at 200:1, $200 can get a 4 standard lot trade that is $40 a pip. say you trade on EUR/USD that has a 1 pip spread, you are out of the game if you are 4 pips down. You could apply a 200:1 account, but if you are using any kind of money management system, you shouldn't need more than 50:1 leavage
     
    #60     Dec 5, 2009