-93 pips (-£11,904) Now Long 1.3309 @ £256 per pip Reverse order 1.3216 @ £512 per pip Crunch time
So you're 2-3 trades away from a blowout right? you are not solvent enough to avoid a bankrupt one day or another. As you like to compare it with poker you're not a deep stack enough to play that game without losing it all one day or another. Learn about money management and reduce your risk now (if you survive this trade).. Give you a chance to make it because I think you have the balls and the edge. Wish you good luck, really.
On my charts, it seems that EURAUD broke 1.3216. Very sorry for your loss. I have closely followed your journey and am impressed by both your balls and your technique. However, its surely a very very risky methodology. Even if you lose a bit on this one, I am sure this nerve wracking experience will force you to modify your methodology a bit to make it more robust. My best wishes.
Ammo, He has a real trading plan - no doubts about it. The point is his risk of ruin with this methodology is way too high. This kind of highly risky methodology only makes sense when he has other strategies concurrently running (hopefully in other accounts) OR money involved in this experiment is a very small portion of his net worth (lets say 2-5%).