LOL are you sure about that
10 MM Forex positioning.
- Thread starter DepthTrade
- Start date
LOL are you sure about that
Lol, give us the answer then.
When did you get in, how long are you holding?
What is the balance in the account?
Are this part of a multiple pair strategy, or are they considered individual trades?
Thanks
What is the balance in the account?
Are this part of a multiple pair strategy, or are they considered individual trades?
Thanks
I opened the positions in USD/HKD and EUR/CAD yesterday. The other positions have been open for a couple of weeks. These are considered individual trades. The balance in the account is about $43K.
Right now, not knowing anything about what you are trying to accomplish, I would tell you that your overall position is unbalanced. Obviously you are long overall Usd, but for average fluctuation you are unbalanced.
If you are swing trading, you need to be closer to:
Units or Usd
Short:
GBP/USD 91,499 units 115,000 usd
EUR/USD 90,130 units 95,000 usd
EUR/CAD 84,447 units 89,000 usd
Long:
USD/JPY 104,000 units 104,000 usd
USD/CHF 130,000 units 130,000 usd
USD/HKD
One problem is, they all Ebb and Flow at different volatility. Chf pair move less then say Gbp, Eur on average.
.. so at the end of the day, when you have made many trades, your probability/ statistics are all over the place. Example, losing 0.9% here, gaining 0.6% there.
You need to dial in your positioning size so the trades are the same risk/ reward value.
.. so at the end of the day, when you have made many trades, your probability/ statistics are all over the place. Example, losing 0.9% here, gaining 0.6% there.
You need to dial in your positioning size so the trades are the same risk/ reward value.
At 43k holding about 600,000 you are at about 13:1 leverage, not to bad. But, a bad case that is in the realm of possibility is a negative fluctuation of -9%. That being an average 5 day move, would be a big loss. But, they are individual positions, so you could expect to be bouncing in and out of 0.7% gains/ losses, best case.
But you still need to be balanced, if not, you need to stay in the game trading long enough to trade all the individual cycles.
But you still need to be balanced, if not, you need to stay in the game trading long enough to trade all the individual cycles.