Some of you may know me as I've been registered on elitetrader for a number of years now. I've been active on and off, which sort of reflects my trading activity. At this time, I swing trade and mainly use technical analysis (trendlines really, not those fancy indicators). My account is tiny (sub 1000 euro) and my position size is about 4-5 leverage. I'm up about 50 percent this year (lost about 25 percent of my initial deposit in the years before that). I've also created this freeware program that you may find useful if you trade at oanda. I may post trades in the future.
TradingWise, I have used your great software since signing up with Oanda earlier this year to easily keep track of my transactions. Thank you very much for your time in developing it.
Thanks, mate. Woke up this morning to find that it snapped my TP nicely. Will look to re-enter if I get the opportunitiy around 1.0335.
You might get lower ... IFR Markets: London, September 29. 1.0240 and 1.0245 strikes roll off at the 10am Eastern NY cut tomorrow (Tuesday, 14:00GMT). The size of the 1.0240 strike is estimated at $400mn. A 1.0250 USD put option rolls off next Monday (Oct 6). Price rallies intraday and has broken last week"s range top around 1.0400 in favor of the long trade. We have lowered our stop and reverse recommendation to below the range base at 1.0300 to reduce risk on the trade. Look for gains now to extend back towards intial resistance by 1.0515 with acceleration seen on a break to 1.0580-1.0665 area.
short eur/usd @1.4035 stop@1.4060 target@1.3900 I will adjust stop peridocally as the price moves down. I will update as that happens.
That never happened, though I waited for it! I've just shorted the USD/CAD pair at 1.0615 looking for a return to the mid 1.05 levels. 300,000 units.
I like to work with a fixed stop. There are times when the stop is hit and keeps going against the trade. At the time the stop is hit I make the decision to switch, re-enter or stay on the sideline. It gives me more options based on my parameters. Also, fixed stop positions gives my system more accurate performance numbers to move foward in future trades.