I think that 15% is an "accepted" amount of Drawdown in Retail Spot Forex. So will we need to agree to humbly disagree with one another. Now I still read your posts Poh Poh and have the same respect for you. I could be wrong here, but at the time I am posting, I disagree and I think 15% is plenty. When you size you trades correctly against the equity under management 15% is HUUUUge...(said in Mr. Markets voice) I always think in percent and if you have read my trades here for the small sums of real dollars you will see that is true
Come on guys. Several posts ago MP said that a lot of what he writes is tongue-in-cheek. He then responds to a post with one of his tongue-in-cheek posts, and you guys take him serious? It seemed to me that he was just trying to lighten up the mood a bit, until the OP got back here to answer some questions. I still think his money management is whack....and that he prolly should give at least some of this kid's money back.
NO ONE HAS BEEN PUNKED ! NO ONE HAS BEEN LIED TO ! A JOKE POST WAS SENT BY ME, cause as i said prior, i do an awful lot of tongue in cheek, and while being serious about my trading, do NOT have to be serious of nature ! the OP IS in the military --- he is a medic stationed in Japan and he is probably busy or checking to see if anyone fooled with the computer in question ! I CANNOT UNDERSTAND YOURE SERIOUSNESS -- today so many currencies went up and so many went down, that it was just a joy to play the game, as pivot point, and resistance area after area fell --- WHAT is there to be SO serious about ? my normal sign off is "trade for the joy of it, the money shall come" I hope none of you are so interested in the money that youve let humanity go out the window ! I know that "something" happened with those trades, and suspect that it was indeed a patient playing with the computer, but I dont know that for a fact yet and have simply asked you people to wait for the OP to post his answer ! as far as savant --- youre questions are so horribly manifold that it would be ridiculous to even begin to answer them, so a very short synopsis -- I come out of long time investing, having been a "soes bandit" during the heyday before 2000 and decimalization -- at that point i turned to the penny market because i love the momentum and the chase ! presently i sit in front of 4 - 20" monitors, one with 8 10 min charts of the currencies, a 3 month, a 10 day and and my watchlist. on the second monitor is the level 2 and time and sales along with a one minute, 3 minute and 30 minute chart. The 3rd monitor carries realtime news feeds and the 4th, aided by dragon, is my connection to chats ! additonally, for instant pull up are 3 year and 2 year charts, with computer generated trend lines and Linear regression channels and bols. my data feeds are IQ Feed, MBT and Esignal, all feeding into a highly overstressed quotetracker trading platform. Now, as you can see, my main interest is in flipping the rises and falls of the currencies but normally i will take a core position, be it long or short and then flip intraday. i am very interested in news and the financial climate as pertains to my swing positions (which are hardly ever held more than 3 days) but not at all in economic theory or economists per se, as most of what i need to know or see is reflected in the proprietary grouping of indicators, both available and created, that I use and the short term news that i receive ! what other questions?? ---- since i play momentum and follow the trend of the currency, my plays usually involve more lots than would be normal for a swing or position player, and i will allow the trade to drop, should i know from my long range charts that the currency will continue in the trend i have entered at. since im there every second, i rarely use stops unless its an overnite play, of which the majority have actually done well. as said, i take note of the financial climate, but only as a backdrop to the movement that the currencies are actually displaying, as i do not play for the long range, but work off of trends and support and resistance, both historical and present day ! hope that helps mp
mp. I am very busy just now and I will get back to you with a manifold reply (whatever this means). (I used to have a Hot Rod with a tunnel ram when I was a teenager) excuse my attempt at manifold humor... Michael B.
Unfortunately for his past, present and future victims, he is particularly smooth-talking, psychopathically pseudo-charming and pathologically conscience-free. Among other things. For those readers who are not personally familiar with the MetaTrader (MT4) platform: MT4 is expressly designed -- and always has been -- for unlimited simultaneous logins, from multiple locations anywhere. All but one of them should be set up as so-called "investor" logins: most functionality intact, except for trading functions -- entry orders, modifications, exits. You can watch, but not touch. End of story. Therefore, aside from all other aspects of Mike Parker's gross misconduct, already pointed out by many, it was as appalling and irresponsible as it ever gets, in this business, for him to agree to manage OPM, when, by Mike Parker's own admission above, he had had zero prior first-hand experience with either the client's dealer (FXDD) or the specific dealing platform (MT4). (Fiduciary responsibility... what's that?) Having intentionally crossed that line, it then takes a seriously pathological, delusional individual to publicly blame the broker, the platform and the client -- all 3 new, unknown to him -- for blowing out the OPM account within days at 40:1 (initial) - 100:1++ (subsequent) leverage.
================================== as you must then be fully aware, a manifold (be it intake or exhaust) has MANY braches and ports to which it either intakes or exhausts ! while "manifold" is a perfectly well accepted word used in the english language by those who have had more than a first grade education, i can certainly understand its acceptance and more common usage among the tatooed and greasy nailed set, whose only claim to fame is a chopped and channeled duece coupe with the classic blower and all its exquisite "manifolding" savant, no matter what the end result, at least one person on this board has shown some humanity --- thank you for it has been a "manifold" struggle to pull it out of youse peoples ! oh yeah, presently still playing GBPUSD for fun and profit, both long and shorft ! mike parker
I was put into second grade and moved forward and never experienced first grade...my bad, because of my December birthday and I had the grades... I am displaying what I feel a prerequisite to be called such a thing as a "moderator". Now stop schmoozing me and go through your trades blow-by-blow as I have seen NOTHING to qualify you as a trader, but I have seen MUCH to qualify you as a gambler... Have Fun... Michael B.
=================================== SCHMOOZING -- now i could do 12 minutes on that alone, and my birthday was also xmas, not just december, so we share a scholastic experience ! and "which" trades would you like --- the flips im presently doing on HGBUSD, the short on USDCHF . . . . . . . . ?????????? Im just like you peoples, WAITING for chris to reply ! mp