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    Wednesday fed meeting strategy.... got ideas?

    So the Fed did exactly as expected and exactly as I said. Yet it worked against the USD (at least in the immediate short-term). I should have seen this coming. So many people wishing and hoping for some super great news for the USD... That even a neutral report would send it crashing. So obvious...
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    Wednesday fed meeting strategy.... got ideas?

    I'm predicting he will just confirm things he's already said. They aren't raising rates right now. I'm already bullish USD so I'm set for when interest rates rise. When they finally do start to raise rates later this year... The USD will rise and many people will think that is the beginning of...
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    Anything Good for Stock Trading?

    Why wouldn't a traditional brokerage like Schwab work? Is it because you need leverage? In that case, would your system work with options?
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    I'm back. Hopefully better and more realistic.

    Ok, so this week on EUR/USD, it would have opened at 1.18862. Entered the trade 1.18362 after 16.5 hours. Then closed for a loss 9hrs15min later. I think this would be easy to backtest because it doesn't require lots of tick data.
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    I'm back. Hopefully better and more realistic.

    Sounds like a good plan. I have a question about your definition of points and pips. You use the terms interchangeably. To me, a point is 5th decimal (0.00001) and a pip is 4th (0.00010). So are you saying that the initial buy and sell stops should be 0.00500 or 0.00050 above/below Monday opening?
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    I'm back. Hopefully better and more realistic.

    In that instance, it would be 100% loss of initial margin.
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    I'm back. Hopefully better and more realistic.

    Forex. I use IG. Max leverage 50:1, fully licensed in USA.
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    I'm back. Hopefully better and more realistic.

    When I get a margin call I can't afford Hahaha Wish I was joking. But if I ever was winning... I would eyeball it based on the range I predicted it going to.
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    I'm back. Hopefully better and more realistic.

    Yes. EUR/USD and USD/CHF
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    I'm back. Hopefully better and more realistic.

    Right now... 3 contracts (total $5,400). I'd be prepared to lose it all. So 1080 ticks.
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    I'm back. Hopefully better and more realistic.

    My first highly leveraged trade involving a significant amount of money was 2019. I've already done leveraged ETFs, commodity futures, options spreads (involving little money), major currency pairs.
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    I'm back. Hopefully better and more realistic.

    -Currency pairs of only 8 major currencies. (The lower the spread, the better) -Futures (index futures, commodities) In the future, I might also consider all types of options, but not for now.
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    I'm back. Hopefully better and more realistic.

    Three times in a row would be 18% loss each time. Also, my current "skill set" doesn't allow me to sit back and wait for good trades. It's more like I look at everything in the moment and ask "what's the best trade right now." I don't have the ability to determine if there are no good trades at...
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    I'm back. Hopefully better and more realistic.

    Well my account is nowhere close to 100% of my net worth, most of which is in real estate. However, it is often a sizeable percentage of my cash. Also, I realize that I have to leave some of my account in cash (not in active trades), otherwise I will constantly get margin called. And I've yet...
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    I'm back. Hopefully better and more realistic.

    The reason I'm bullish on USD is because of recent events. The most recent NFP report absolutely destroyed the expectation (almost double!). There was an auction of 7-year bonds last week that saw a decline in demand for bonds. Core inflation has started to rise, and is expected to rise...
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    I'm back. Hopefully better and more realistic.

    Here's a screenshot of a gasoline futures. I bought at 1.3922 with $17,100 of margin. Was forced to sell at a loss of $21,500. (I put a few thousand more in with hopes it would turn around). If I would have held until now, I would have profited almost $84,000. So I don't have screenshots that...
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    I'm back. Hopefully better and more realistic.

    I would prefer to hold for months. I don't have any screenshots. Because I always get impatient or have used too much margin and forced to sell. Edit: Actually yes I have a screenshot. One minute...
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    I'm back. Hopefully better and more realistic.

    Daily. Although I don't mind zooming in closer around news/data releases.
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    I'm back. Hopefully better and more realistic.

    Long-term. I'm looking for eurusd to decline somewhere around here before I sell.
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    I'm back. Hopefully better and more realistic.

    Ok. Well you don't have to respond, but others might... When my EUR/USD trade was at its best (15%), it had only gone .00843 in my favor. It reached a low that day of 1.18355. At one point, Input a TP at 1.18, but even that I thought of quitting while ahead and not seeing things long-term.
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