depends what was the size of your position...for 1 lot of $100k its $10 on cable and euro, and varies $7.XX with other crosses. eurgbp is $16.xx/pip.
Thanks.... I am thinking of trading the above via IB using Sierra/mytrack for futures feed. AQ`Z on mytrack and Euro on the IB TWS.
Rezo S, Interesting trading philosophy. I am going to take some time and read the whole thread later on, but the immediate question that I have is simple. How do you determine your initial stops? Excuse me if you've been through this earlier, and should you choose not to go into it again I'll understand.
Hi there. Yes, you're right, I was asked couple times about this, and I don't know where it is now to link you, but I will not leave you without answer. My stop is being calculated using simple algorithm, and main component is recent volatility. I also tale in consideration fib level, supp/res levels, and depending on those, calculated stop level may be moved slightly higher/lower. There are couple more things I consider...I hope you can understand that I cannot get into details on this...but that's how its done. Regards, Rezo
No changes, still holding positions: Sep.18 short usdchf @1.3848 stop 1.3935 tp1.3535 Sep.16 long eurusd@ 1.1173 sl@1.1115 tp@1.1370 Sep.16 short usdcad @1.3685 sl 1.3760 tp 1.3470